CMB responded: No swap agreement with Hana Financial Group

For media coverage of China Merchants Bank (600036.　　SH,03968.HK, hereinafter referred to as "merchant bank") and South Korea's Hana Financial Group (Hanafinancialgroupinc.) will have cooperation in exchange for shares, yesterday, the head of the bank to the "first financial daily" reporters clarified that the two sides did not exchange shares agreement, only strategic and business cooperation. According to overseas media reports, South Korea's Hana Financial Group said in Tuesday that it had signed a strategic cooperation agreement with the bank to expand its operations in Asia, with two companies agreeing to cooperate in all areas of business, including retail, private banking, corporate finance, credit card and foreign exchange, and other forms of cooperation, such as exchange of shares,　　But yesterday, the head of the bank said, "including the exchange of shares in the form of cooperation" report is not appropriate. The report also said that Hana Financial Group said that there is no agreement on any specific issues.　　China Merchants Bank will not participate in the 4.69 trillion won (about 4.2 billion U.S. dollars) to buy a majority stake in South Korea's foreign Exchange Bank (Koreaexchangebank), and Hana Financial Group bought 18% of the capital in Jilin Province last year (about $333 million).　　Korea's Hana Bank on December 14, 2007 set up the Chinese local corporate bank-Hana Bank (China) Co., Ltd., headquartered in Beijing Jinrongjie.　　According to the 2009 Annual report of Hana Bank (China), as at the end of 2009, the total assets of Hana Financial Group were $145.1 billion, holding a 100% per cent stake in Hana Bank, while Hana Bank held a 100% per cent stake in Hana Bank (China). 2009 Hana Bank (China) operating income of 288 million yuan, of which the net interest income of 269 million yuan, processing fees and commission net income of 7.22 million yuan, to achieve a net profit of 10.24 million Yuan, in 2008 the bank net profit of 78.18 million yuan; at the end of 2009 the bank's owner's equity is 2.012 billion yuan %。