CITIC Bank
China CITIC Bank has the seventh most assets of any bank in China. It was called CITIC Industrial Bank until August 2005, when it got a new name. China CITIC Bank was founded in 1987. It is a commercial bank that works both nationally and abroad. The bank has offices in Hong Kong, Macau, New York, Los Angeles, Singapore, and London and has a strong foothold in the mainland banking business. The bank has 163 stores on the mainland and 1,252 sub-branches, all in areas of China with a strong economy. As of Q4 2021, there were 1,415 branch offices in China.
The Financial Times ranked it 185th among the top 500 corporations by market value in 2010. China CITIC Bank was ranked 67th in the world in terms of tier-1 capital and 72nd in terms of total assets among the "Top 1000 World Banks" published by The Banker magazine in the United Kingdom. With assets of RMB 576 billion (US$71 billion), it is a wholly-owned subsidiary of China International Trust and Investment Corporation (CITIC). The China Financial Certificate Authority recognized the first Chinese bank for online banking.
China CITIC Bank, being a local commercial bank, currently provides a wide range of services, including:
- Finance for individuals Retail banking, credit card and bank card services, wealth management, private banking, savings, personal loans, international financial services, and electronic banking services are all available.
- Banking for corporations' financial organization services, international business, investment banking, supply chain financing, account settlement, small business financing, trading services, cash management, asset management, international settlement, trade financing, capital market business, including foreign exchange businesses, bond businesses, financing and derivative product trading, financial service platforms, and financial solutions.
Founded: 1987
Headquarters: Beijing, Hong Kong, China
Website: https://www.citicbank.com
