What's the difference between China Merchants Bank and China Merchants Cigna?

The difference between China Merchants Bank and China Merchants Cigna;

I. Different names

China Merchants Bank is called China Merchants Bank Co., Ltd.; China Merchants Cigna is called China Merchants Cigna Life Insurance Co., Ltd. ..

Second, the industry is different.

China Merchants Bank is a banking industry, and China Merchants Cigna is an insurance industry.

Third, the establishment time is different.

China Merchants Bank was established in Shekou1987, Shenzhen; China Merchants Cigna was established in August 2003.

Fourth, the establishment method is different.

China Merchants Bank was established in Shekou, the forefront of China's reform and opening up. It is the first joint-stock commercial bank wholly owned by an enterprise as a legal person in China, and it is also the first pilot bank promoted by the state from outside the system.

China Merchants Cigna is a Sino-US joint venture life insurance company founded by two well-known century-old enterprises. The shareholders of the two investors are CIGNA North American Life Insurance Company and subsidiaries of China Merchants Group. On 20 13, China Merchants Cigna completed the equity transfer, and China Merchants Bank officially became the Chinese shareholder of China Merchants Cigna.

Verbs (short for verb) have different positions.

China Merchants Bank is the fifth largest bank in China after China, Shanghai, Shanghai and Shanghai. China Merchants Cigna ranks lower in China's insurance industry because of its business model.

References:

Baidu encyclopedia-China merchants bank

Baidu Encyclopedia-China Merchants Cigna Life Insurance Co., Ltd.