Hong Kong, June 18, 2015 -- Moody's Investors Service has today placed on review for upgrade China Merchants Bank Co., Ltd.'s (CMB) long-term deposit rating of Baa1 and China Guangfa Bank Co., Ltd.'s (CGB) long-term deposit rating of Ba2. Moody's has also affirmed the short-term deposit ratings, baseline credit assessment (BCA) and adjusted BCA of the two banks, and affirmed CMB's short-term Senior Unsecured Medium Term Notes (MTN) program at (P)P-2, while placing on review for upgrade CMB's long-term Senior Unsecured MTN program of the bank and its branches.

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