| China’s commercial banks has played an increasingly important role in the development of our economy since the reform and opening up. The rapid growth of joint-stock commercial banks has provided vitality and impetus to China’s economic development. While the strength and position of the joint-stock commercial banks were also upgrading. Their advanced management concepts and better corporate governance structure helped them become an important power in China’s commercial banks and appealed to more investors. With the continuous development of China’s capital market and the listing of joint-stock commercial banks, investors are also very concerned about the investment value of the joint-stock commercial banks.The banking industry is a cyclical industry, the prospects of the banking industry is closely related to the macroeconomic situation. At present, the global economy recovers slowly and has much uncertainty, and the international financial market also has huge fluctuation. In our country, the growth of the macro economy is declining, the growth of the export is decreasing, and the fixed asset investment is facing a further slowdown, which bring a huge challenge to the banking industry. The banking industry is also suffering the adverse effects of market-oriented interest rate reform and the growth of direct financing. And it turns out to be that the banking industry’s profit is generally slowing. Whether the profits of commercial banks can sustain or not becomes a hot topic to the investors. Therefore, the objective and effective analysis of the macroeconomic situation and industry background that China’s joint-stock commercial banks are facing is very important. The quantitative assessment of the value of China’s joint-stock commercial banks can help us understand the development trend of the banking industry and also give investors a useful reference, and this analysis is of special significance.China Merchants Bank was established on April8th,1987, which is the first joint-stock commercial bank fully owned by enterprise legal person, and its head office is located in Shenzhen. Lending, corporation financial products, wholesale banking, and retail banking of China Merchants Bank have been a leader in the domestic banking industry. The rapid growth and amazing performance of the China Merchants Bank have attracted the attention of many investors, and we are more concerned about the prospects of its development and how much of its investment value.In this paper, we make the China Merchants Bank for example, use case analysis, financial analysis and fundamental analysis, to explore the China Merchants Bank’s status and future development trend, and to have a in-depth analysis of the strengths and weaknesses of the China Merchants Bank and its investment value, which can provide a latest reference to investors with a precise analysis. |