CM BANK(SH:600036) Nan Fang Du Shi Bao·2025-08-07 09:43Core Insights - China Merchants Bank (CMB) has surpassed 16 trillion yuan in retail AUM, becoming the first joint-stock commercial bank in China to reach this milestone [2] - Retail AUM includes customer deposits, wealth management, and funds, serving as a key indicator of a bank's retail business strength [2] - The bank's retail AUM growth accelerated significantly, with the time taken to reach the latest 5 trillion yuan milestone reduced to just over three years [2] Retail AUM Performance - As of the end of last year, CMB's retail AUM was 14.93 trillion yuan, showing a year-on-year growth of 12.05%, significantly outpacing its peers [4][5] - CMB's average AUM per customer stands at 71,100 yuan, with non-deposit AUM accounting for 74.38% of the total, indicating a strong shift towards higher-value products [4][5] Competitive Landscape - CMB's retail AUM is nearly three times that of the second-ranked bank among A-share listed joint-stock banks, showcasing its dominant position in the market [3] - The non-deposit AUM ratio of CMB is more than double that of the best-performing state-owned bank, highlighting its superior wealth management capabilities [5]