Financial Services Category Winner
Wing Lung Bank, President
(Former China Merchants Bank Co., Ltd., Executive Director, Bank President and CEO)
In early 1999, Ma Weihua assumed the post of President. China Merchants Bank once had only RMB100 million in capital, 1 business outlet in a remote location of Shekou, Shenzhen, and slightly more than 30 employees.
Under Ma’s strategic direction, China Merchants Bank has achieved tremendous growth, becoming a nationwide joint-stock commercial bank in China with a net capital exceeding RMB200 billion, total assets of more than RMB3 trillion, and over 900 outlets and nearly 50,000 employees. The bank today is listed on the stock exchanges of both Shanghai and Hong Kong.
Ma Weihua’s business philosophy is based on meeting customers’ needs and pursuing innovation. In 1999, China Merchants Bank took the lead in launching online banking in China as well as introducing two multi-function bank cards, Yikatong and Yiwangtong. Additionally, Ma is responsible for the launch of China’s first dual-currency credit card, which can be used worldwide, and the first wealth management product oriented towards high-end customers (Sunflower Wealth Management). The bank was also the first to offer a financial service package, with wealth management as its core product, for ultra-highend private banking customers. All of these products are part of the culture of innovation instilled by Ma Weihua, which continues to win market share and customers for China Merchants Bank.