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China's first major privately-controlled national bank, historically focused on SME lending alongside retail and corporate banking.
China's first major privately-controlled national bank, historically focused on SME lending alongside retail and corporate banking.
Earns mainly the spread between interest on loans to small businesses and corporates and the cost of its deposits, with card and wealth-management fees alongside. Its shareholders are mainly private companies rather than the state, which is unusual among large Chinese banks. It is listed in both Shanghai and Hong Kong.
Moat: narrow (scale, regulatory licence, distribution). National licence and historic SME-lending relationships, though asset quality has been under pressure.
Headquarters: Beijing, China · Founded: 1996 · Employees: 61,658
Size China Minsheng Banking (600016.SS) is a China Financials company (Major Banks) with a market value of $21.3B, the 100th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.40 on 6 Nov 2026.
Performance Over six months the shares fell 8.1%, against +3.6% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 10.4% over the last twelve months (peer median +4.6%); the operating margin is 20.2% (peer median 37.1%).
Valuation It trades at 0.26× book value against a peer median of 1.40× (cheapest of 21).
Price implies The share price implies a return on equity of about 1.6%; China Minsheng Banking delivers 4.5%, so the price asks less than the business earns today.
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥244B | CN¥265B | CN¥292B | CN¥311B | CN¥310B |
| Revenue growth | — | -9% | -6% | 0% | — |
| Net income | CN¥26.3B | CN¥27.5B | CN¥28.0B | CN¥31.5B | CN¥31.2B |
| Free cash flow | CN¥96.6B | CN¥47.9B | CN¥147B | CN¥121B | CN¥92.8B |
| Capital expenditure | CN¥12.8B | CN¥9.30B | CN¥9.71B | CN¥8.68B | CN¥10.7B |
| Total debt | CN¥2.48T | CN¥2.70T | CN¥2.71T | CN¥2.63T | CN¥2.56T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| China Minsheng Banking 600016.SS | $21.3B | -8% | -10% | 4% | 0.26× | 1.6% |
| China Everbright Bank 601818.SS | $26.6B | +1% | -7% | 7% | 0.36× | 1.8% |
| Hua Xia Bank 600015.SS | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% |
| Ping An Bank 000001.SZ | $34.4B | +3% | -9% | 9% | 0.48× | 3.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600016.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | +2.0% | 7th lowest of 21 |
| 6-month return | -8.1% | +3.6% | 3rd lowest of 21 |
| Return on equity | 4.5% | 11.0% | lowest of 21 |
| Price / book | 0.26× | 1.40× | cheapest of 21 |
| Trailing P/E | 5.7× | 12.8× | 4th cheapest of 19 |
| ROE the price implies | 1.6% | 9.6% | least demanding of 21 |
| ROE delivered | 4.5% | 11.9% | lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China Minsheng Banking 600016.SS | China | $21.3B | -8% | -10% | 4% | 0.26× | 1.6% | 4.5% |
| KeyCorp KEY | United States | $22.0B | -3% | +9% | 11% | 1.39× | 13.1% | 11.2% |
| Hanafinancialgr 086790.KS | South Korea | $22.5B | -7% | +39% | 10% | 0.79× | 5.3% | n/a |
| Banco BPM BAMI.MI | Italy | $22.8B | +1% | -4% | 12% | 1.30× | 13.5% | 12.5% |
| Bank of Nanjing 601009.SS | China | $22.8B | +5% | +6% | 12% | 0.77× | 2.8% | 11.9% |
| Banco de Chile Sponsored ADR BCH | United States | $19.6B | +7% | +4% | 22% | 3.15× | 13.6% | 21.8% |
| Banco de Sabadell SAB.MC | Spain | $19.2B | +8% | -35% | 5% | 1.40× | 15.5% | 5.1% |
| Banca Mediolanum BMED.MI | Italy | $19.1B | +17% | -34% | 30% | 3.73× | 35.6% | 30.1% |
| Mega Financial 2886.TW | Taiwan | $24.0B | +37% | +1% | 10% | 1.97× | 5.9% | 10.0% |
| Regions Financial RF | United States | $24.1B | +2% | +1% | 12% | 1.46× | 13.2% | 12.4% |
| E Sun Financial 2884.TW | Taiwan | $25.2B | +55% | +36% | 15% | 2.70× | 7.6% | 14.7% |
| First Financial 2892.TW | Taiwan | $17.8B | +44% | +5% | 11% | 1.95× | 5.8% | 10.9% |
| mBank MBK.WA | Poland | $17.7B | +37% | -1% | 19% | 3.05× | 37.6% | 19.1% |
| Banco Santander (Brasil) S.A. Sponsored ADR BSBR | United States | $17.4B | -20% | +18% | 10% | 2.10× | 12.6% | 10.2% |
| Citizens Financial CFG | United States | $26.5B | -1% | +4% | 9% | 1.16× | 11.5% | 8.9% |
| China Everbright Bank 601818.SS | China | $26.6B | +1% | -7% | 7% | 0.36× | 1.8% | n/a |
| WooriFinancialGroup 316140.KS | South Korea | $17.0B | -5% | +37% | 10% | 0.71× | 4.8% | n/a |
| Sumitomo Mitsui Trust Gp 8309.T | Japan | $27.4B | +38% | +5% | 11% | 1.18× | 7.5% | 10.9% |
| Banco Bradesco SA Sponsored ADR Pfd BBD | United States | $27.5B | -32% | +29% | 14% | 0.71× | 6.2% | 14.2% |
| Credicorp BAP | United States | $27.6B | +5% | +24% | 21% | 2.47× | 17.9% | 20.6% |
| Hua Xia Bank 600015.SS | China | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% | 7.6% |