China Merchants Bank announced on April 16 that the bank had privately placed 275 million domestic preferred shares in December 2017, raising a total of 27.5 billion yuan. The preferred shares were referred to as "CMY You 1" with the code 360028.

The bank stated that on April 15, 2026, it fully paid the face value of these preferred shares plus dividends for the holding period from December 18, 2025, to April 14, 2026, to shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch. The total payment amounted to 27.822 billion yuan, redeeming all issued preferred shares. According to data provided by the Shanghai Branch, the preferred shares were canceled on April 15, 2026, and the redemption and delisting process has been completed.