2 1 Shi Ji Jing Ji Bao Dao·2026-01-12 14:25Group 1 - The core point of the article is the recent leadership change in the investment banking division of China Merchants Bank (CMB), with Su Jing taking over as the new general manager [1][2] - Su Jing has been with CMB for 22 years and has held various positions, including roles in strategic client management and energy and communication sectors [2] - The bank is focusing on expanding its investment banking services, particularly in the Hainan Free Trade Port, emphasizing project mergers and acquisitions, equity investments, and asset securitization [4] Group 2 - CMB's investment banking division is one of its four major business segments, encompassing bond underwriting, merger finance, corporate wealth management, and market trading facilitation [5] - In the third quarter of 2025, CMB underwrote debt financing tools totaling 274.295 billion yuan, ranking first in the market for perpetual bonds and technology innovation bonds [5] - The merger finance business saw a transaction volume of 138.454 billion yuan, a year-on-year increase of 27.39%, with a significant rise in RMB merger loan issuance [5] - The corporate wealth management business reported an average daily product balance of 459.059 billion yuan, reflecting a 14.80% increase from the previous year [6] - Market trading activities reached a volume of 228.333 billion yuan, showing a year-on-year growth of 29.09%, driven by strategic business initiatives [7] - CMB's subsidiary, CMB International, has been actively collaborating with the parent bank, completing multiple IPO sponsorships and underwriting projects in the Hong Kong market [8]