Are Massive Dynamic Enterprise Services and China Merchants Bank subsidiaries or outsourced?

Subsidiary company. According to official website, China Merchants Bank, Shanghai Juli Enterprise Service is a brand of Qingyuan Branch of China Merchants Bank Co., Ltd., which belongs to a subsidiary. China Merchants Bank was established in Shekou, Shenzhen, 1987. It is the first joint-stock commercial bank in China that is wholly controlled by an enterprise as a legal person.