China Minsheng Banking Corp. has been approved to be a qualified foreign institutional investor (QFII) custodian bank by the China Securities Regulatory Commission and the State Administration of Foreign Exchange.
In 2007, the bank planned to raise up to $3.1 billion in a share sale to institutional investors in order to strengthen its core capital. In 2009, it chose Deutsche Bank for a mandate and said it would utilize the German banks payment solution FX4Cash.