China Merchants Bank Renews Three-Year Fund Distribution Deal With CM Fund Unit

The latest announcement is out from China Merchants Bank Co ( (HK:3968) ).

China Merchants Bank has entered into a new three-year Fund Business Co-operation Agreement with its non-wholly owned subsidiary China Merchants Fund Management (CMFM), effective from 1 January 2026 to 31 December 2028, to continue providing agency distribution and related services for CMFM-managed investment funds. The arrangement, which sets fees on an arm’s-length basis and at rates no less favourable than those offered to independent third parties, has been classified under Hong Kong Listing Rules as a non-exempt continuing connected transaction subject to reporting, annual review and announcement requirements, but exempt from independent shareholders’ approval, underscoring the bank’s ongoing integration of fund distribution within its broader financial services while maintaining regulatory compliance and fair pricing for stakeholders.

The most recent analyst rating on (HK:3968) stock is a Buy with a HK$60.00 price target. To see the full list of analyst forecasts on China Merchants Bank Co stock, see the HK:3968 Stock Forecast page.

More about China Merchants Bank Co

China Merchants Bank Co., Ltd. is a leading Chinese commercial bank that, through its subsidiaries, provides a broad range of financial services including fund distribution and other investment-related agency services. The bank partners with fund management firms such as China Merchants Fund Management (CMFM) to distribute investment products to retail and institutional investors, reinforcing its position in China’s asset management and wealth management markets.

YTD Price Performance: 32.82%

Average Trading Volume: 18,694,766

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$1191.8B

For detailed information about 3968 stock, go to TipRanks’ Stock Analysis page.