China CITIC Bank
China CITIC Bank
Type State-owned enterprise
Traded as SSE: 601998 Industry Banking Founded 1987 Headquarters Beijing, China Area served People's Republic of China Key people Chairman: Mr. Kong Dan Employees 13,485 people Parent CITIC Group Website China CITIC Bank
China CITIC Bank (simplified Chinese: 中信银行; traditional Chinese: 中信銀行; pinyin: Zhōng Xìn Yínháng)(SEHK: 0998 SSE: 601998) is China’s seventh-largest lender in terms of total assets. It is formerly known as CITIC Industrial Bank. China CITIC Bank, established in February 1987, is a nationally comprehensive and internationally oriented commercial bank. By end of October 2005, its network comprises 418 branches countrywide, and includes established correspondent relationships with 990 banks and their branches in 70 countries around the world.
China CITIC Bank is a wholly owned subsidiary of China International Trust and Investment Corporation (CITIC), with assets of RMB 576 billion (USD 71 billion). As of 2006, China CITIC Bank had a non-performing loan (NPL) ratio of 2.5% (RMB 11.1 billion). The bank’s capital adequacy ratio is 9.1%.
Since the bank has been listed in the Hong Kong Stock Exchange, it performs the poorest among the all pro-PRC financial stocks. It dropped below the IPO price, HK$5.80, and closed at HK$5.79 on 5 June 2007. It is the second Hong Kong China-based financial stock which drops below the IPO price, after People's Insurance Company of China.
- China CITIC Bank official website (Chinese version)
- China CITIC Bank official website (English version)
CITIC Group China-based financial stocks in Hong Kong Banks Insurers See also: List of companies listed on the Hong Kong Stock Exchange Hang Seng China Enterprises Index companies of Hong Kong
Tsingtao Brewery · Angang Steel · Jiangxi Copper · Sinopec · China Railway Engineering · Dongfeng Motor Group · China Telecom · Air China · ZTE · Petrochina · Huaneng Power · Anhui Conch Cement · Longyuan Power · China Construction Bank · China CITIC Bank · China Shenhua · Sinopharm Group · China Shipping Development · Yanzhou Coal · China Railway Construction · BYD Company · Agricultural Bank of China · Industrial and Commercial Bank of China · China Communications Construction · China Coal Energy · Minsheng Bank · China COSCO · Guangzhou Automobile Group · Ping An Insurance · PICC Property and Casualty Company · Aluminium Corporation of China · China Pacific Insurance · China Life Insurance · R&F Properties · China Oilfield Services · Zijin Mining · China National Building Material · Bank of Communications · China Merchants Bank · Bank of China ·
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