China Merchants Bank and Zheshang Bank Compete in AI Bank Race, Both Set Industry-leading Goals

China Merchants Bank (CMB) Chairman Miao Jianmin stated at the performance conference that the board requires the bank to build the first intelligent bank in the industry. At the end of last year, CMB completed its 15th Five-Year Plan for digital finance, and intelligent banking will be a core task in the next five years.

Zheshang Bank Chairman Lu Jianqiang revealed that after engaging in discussions with Jack Ma, the latter hopes Zheshang Bank will become China's first AI bank in the "AI+" era. Over the past three years, Zheshang Bank has continuously promoted the application of AI technology in its business; Lu Jianqiang organizes an AI special meeting every two months and implements related work in a project-based manner.

CMB achieved an operating income of 337.532 billion yuan and a net profit of 150.181 billion yuan in 2025, with year-on-year growth of 0.01% and 1.21% respectively.