The Investment Value Analysis Of China Merchants Bank

China’s national economy has witnessed a rapid development since the reform and opening up, which has brought a tremendous opportunity to our financial sector. The focus of the modern market economy is finance.banking industry as the core of the finance, has been playing an irreplaceable role in our national economy. The dominant status of the commercial banks in the allocation of our social market economic resources cannot be changed fundamentally, more accurate and scientific assessment of it is value creation abilities is needed to know the service efficiency of funds in our country, the capital formation and to study the intrinsic motivation of rapid economic development. With the increasingly development and improvement of the securities capital market, the number of commercial banks to realize trading and circulation is on the rise, leading to great attention from investors. China’s commercial banks, especially China Merchants Bank with advanced management concepts and improved transparency of the corporate governance structure have provided an indispensable driving the attention of investors, accurate analysis and evaluate the value of the investment become keen for value investors. On this basis, the article selects the current widespread use and is suitable for China Merchants Bank’s investment value evaluation model to evaluate investment value of China merchants bank, in order to the broad masses of investors and potential investors in the investment decision-making.Based on the analysis of a large number of domestic and foreign related research results of investment value, collecting detailed data about banking in China and China Merchants Bank, combine qualitative and quantitative,comparative analysis method, studies from the perspective of value investing reasonable investment scope of China Merchants Bank investment value per share. The analysis of China Merchants Bank investment value, first studies the theoretical basis, analysis of investment value evaluation model of investment value and their applicability valuations were summarized; Secondly from China merchants bank, company profile, location, competitive advantage, corporate governance and economic growth of China merchants bank’s basic quality are analyzed. Draw lessons from the CAMEL financial analysis system, from the China merchants bank’s capital adequacy, asset quality, profitability and liquidity financial index to a concrete analysis of China Merchants Bank, the financial; Then use price-to-book ratio (P/B) valuation model and the economic value added (EVA) valuation model to assess the investment value of China Merchants Bank, it is concluded that China Merchants Bank, the investment value of scope; Using of two kinds of model to estimate the investment value of China merchants bank scope, from technical analysis of China Merchants Bank, since the change rule of listed shares. The comprehensive analysis of the research results, this paper on the one hand, want to give investors help further understanding of China Merchants Bank investment value, are also looking for them in the practice of the investment decision to provide effective investment advice.