China CITIC Bank Corp., Ltd.
China CITIC Bank was founded in 1987. It is one of the earliest emerging commercial banks established during China’s reform and opening-up and also China’s first commercial bank participating in financing at both domestic and international financial markets. A keen contributor to China’s economic development, the Bank is renowned at home and abroad for brushing numerous track records in the modern Chinese financial history. In April 2007, the Bank simultaneously listed its A and H shares at the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited.
The Bank aspires to become a responsible, unique and valuable provider of the best comprehensive financial services with a human touch. To attain this development vision, the Bank fully leverages on the advantages of CITIC Group’s comprehensive platform featuring both financial and non-financial businesses, and at the same time holds firm to its business concept of “customer orientation, reform driven, science & technology for growth, asset-light development, compliant operation, strength from talents”. For corporate customers and institutional customers, the Bank offers comprehensive financial solutions in corporate banking business, international business, financial market business, institutional banking business, investment banking business, transaction banking business, custody business, and etc. For individual customers, the Bank provides diversified financial products and services in retail banking, credit card, consumer finance, wealth management, private banking, going abroad finance, e-banking and etc. As such, the Bank satisfies the needs of corporate, institutional and individual customers for comprehensive financial services on all fronts.
As at the end of 2022, the Bank had 1,428 outlets in 153 large and medium-sized cities in China and 7 affiliates at home and abroad, namely CITIC International Financial Holdings Limited, CNCB (Hong Kong) Investment Co., Ltd., CITIC Financial Leasing Co., Ltd., CITIC Wealth Management Corporation Limited, CITIC aiBank Corporation Limited, JSC Altyn Bank and Zhejiang Lin’an CITIC Rural Bank Limited. CITIC Bank International Limited, a subsidiary of CITIC International Financial Holdings Limited, recorded 31 outlets and 2 business centers in Hong Kong SAR, Macao SAR, New York, Los Angeles, Singapore and the Chinese mainland. CNCB (Hong Kong) Investment Co., Ltd. had 3 subsidiaries in Hong Kong SAR and the Chinese mainland. CITIC Wealth Management Corporation Limited is the wholly-owned wealth management subsidiary of the Bank. CITIC aiBank Corporation Limited, a joint venture co-sponsored by the Bank and Baidu, is the first independent legal entity practicing direct banking in China. JSC Altyn Bank had 7 outlets and 1 private banking center in Kazakhstan.
The Bank has persevered in serving the real economy, engaging in stable healthy business operation and keeping abreast with the times. Thriving through 35 years’ growth and expansion, the Bank has become a financial conglomerate with strong comprehensive competitiveness and powerful brand influence, registering more than RMB8.5 trillion total assets and more than 60,000 employees. In 2022, The Banker magazine of the United Kingdom, rated the Bank the 21st on its list of the “Top 500 Banking Brands” and the 19th on its list of the “Top 1,000 World Banks” in terms of tier-one capital.
