On October 30, the Hong Kong branch of China Merchants Bank issued a notice stating that, effective from 4:00 PM on November 30, it will suspend bank-securities transfer services with Soochow Securities International and China Merchants Securities International until further notice, without providing reasons or a resumption date.
On September 25, a netizen from Fujian posted that after traveling to Hong Kong to purchase an iPhone on the official Apple website, they received an SMS from China Merchants Bank (CMB). The message stated that, following instructions from the police and in accordance with the Anti-Telecom and Online Fraud Law, temporary protective measures had been taken on all bank cards under their name, suspending both counter and non-counter services. The netizen claimed they only used credit cards and Alipay while in Hong Kong, with the rest being cash transactions.
Master Kong reported instant noodle business revenue of over 13.7 billion yuan, up 2% year on year; Uni-President reported food business revenue of over 5.6 billion yuan, up 4.7% year on year.
Former Party Committee Secretary and President of China Merchants Bank, Tian Huiyu, sentenced to death with a two-year reprieve.