- CEO
- Heying Fang
- Full Time Employees
- 65,466
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Building No. 1 Beijing People's Republic of China 100020
- IPO Date
- Apr 3, 2013
- Business
- China CITIC Bank Corporation Limited delivers a broad spectrum of banking and financial services across the People's Republic of China and globally. The institution organizes its operations through key divisions including Corporate Banking, Personal Banking, and Financial Markets. Its offerings encompass a comprehensive range of solutions, such as deposit-taking, corporate and individual lending, wealth management, credit card services, and investment banking activities. The bank also provides international trade financing, remittance, settlement, and guarantee services. Furthermore, the bank actively engages in capital markets and inter-bank transactions, which involve money market dealings, repurchase agreements, and trading in various debt instruments, derivatives, and foreign exchange. Beyond traditional banking, it offers specialized financial services including asset management, finance leasing, and other non-banking financial products. China CITIC Bank caters to a diverse clientele, serving large corporations, government entities, and other financial institutions, alongside individual customers, micro, and small enterprises. As a strategic initiative, the bank has been implementing its "Five Leading" strategy, aiming to excel as a leader in wealth management, comprehensive financing, transaction settlement, foreign exchange services, and digital banking, with a strong focus on technology finance, green finance, inclusive finance, pension finance, and digital finance. It maintains a robust physical presence with 1,470 outlets situated in 153 major cities across China as of the end of 2024. The bank also operates through several affiliates domestically and internationally, including CITIC International Financial Holdings Limited, CITIC Financial Leasing Co., Ltd., CITIC Wealth Management Corporation Limited, and CITIC aiBank Corporation Limited, a joint venture focused on direct banking. Established in 1987 and headquartered in Beijing, China, China CITIC Bank operates as a key subsidiary of CITIC Group. As of 2024, the bank boasts total assets exceeding RMB9.5 trillion and a workforce of over 65,000 employees. Its strong performance and strategic direction have earned it recognition, including a ranking of 19th in Brand Finance's "Banking 500" list and 18th in The Banker magazine's "Top 1000 World Banks" by Tier One capital in 2024.