China Merchants Bank rises 3% to build 20 branches to expand domestic market

China Merchants Bank, which is planning to expand its sphere of influence during the year, shares a notable increase in its share price of 3.09% to 16.66 Hong Kong dollars this morning, trading 10.5 million shares. China Merchants Bank A shares (600036-CN) now also rose 3.93% to 18.51 yuan, better than the same and the stock index. According to the latest bulletin of China Merchants Bank, under the new market access policy of the regulatory authorities, the Board of Directors has approved the preparation of 20 two-level branches within 2009 years, covering 14 key cities in the provinces and autonomous regions. This is China Merchants Bank's successful acquisition of Wing Lung Bank in Hong Kong and to obtain an international platform, and continue to firmly expand the backing of the domestic market to support the latest measures, so as to achieve stable revenue growth expectations.