Established in 1987, it is a nationally comprehensive and internationally oriented commercial bank. The bank operates in Hong Kong, Macau, New York, Los Angeles, Singapore and London, and maintains a strong foothold on the mainland banking industry. The bank operates 163 branches in the mainland, and 1,252 sub-branches, located in economically developed regions of China.[1][needs update]
In 1984, the chairman of CITIC group at the time, Rong Yiren (荣毅仁), requested that the Chinese government create a banking division under his company, to fully embody the needs for foreign exchange. This move was approved by the People's Bank of China, and a banking division was created under CITIC group in April 1985. At this point, the bank was based on the original finance department, expanding its operations regarding external financing, foreign exchange transactions, loans, international settlement, finance leases and deposits. In April 1987, the bank was formally established as a separate legal entity, following approval from the People's Bank of China and the State Council of China.[2]
2000–presentedit
China CITIC Bank's businesses flourished in the first decade of the 21st century.[citation needed] In July 2000, CITIC bank became the first bank in China to be certified by the China Financial Certificate Authority for online banking. In July 2002, the bank improved its international standing by ranking 291st on the "Top 1000 World Banks" list released by The Banker magazine of the United Kingdom, ranking within the top 300 for the first time.[citation needed] In November 2006, the bank welcomed its first major foreign investment, when BBVA, the second largest bank in Spain, became a major shareholder.[3] This move established a co-operative relationship. On 27 April 2007, China CITIC Bank was listed on the Hong Kong and Shanghai stock exchanges.
^沪深300、上证50和中证500等指数2017年第一次定期调整样本股 (Press release) (in Chinese (China)). Shanghai Stock Exchange. 31 May 2017. Retrieved 30 October 2017.
May 11, 2024
china, citic, bank, this, article, reads, like, press, release, news, article, largely, based, routine, coverage, please, help, improve, this, article, independent, sources, april, 2018, major, commercial, bank, china, under, citic, group, hangzhounative, name. This article reads like a press release or a news article and may be largely based on routine coverage Please help improve this article and add independent sources April 2018 China CITIC Bank is a major commercial bank in China under CITIC Group China CITIC BankChina CITIC Bank in HangzhouNative name中信银行Company typePublicTraded asSSE 601998 A share SEHK 998 H share SSE Composite ComponentIndustryBankingFoundedApril 1987HeadquartersBeijing Hong Kong ChinaArea servedPeople s Republic of ChinaKey peopleZhu Hexin Chairman Fang Heying PresidentRevenueUS 28 98 billionNet incomeUS 8 63 billionTotal assetsUS 1 265 trillionOwnerCITIC GroupNumber of employees59 258 2021 ParentCITIC LimitedWebsitebank wbr ecitic wbr com China CITIC BankSimplified Chinese中信银行Traditional Chinese中信銀行TranscriptionsStandard MandarinHanyu PinyinZhōngxin Yinhang Established in 1987 it is a nationally comprehensive and internationally oriented commercial bank The bank operates in Hong Kong Macau New York Los Angeles Singapore and London and maintains a strong foothold on the mainland banking industry The bank operates 163 branches in the mainland and 1 252 sub branches located in economically developed regions of China 1 needs update Contents 1 History 1 1 Origins 1 2 2000 present 2 ReferencesHistory editOrigins edit In 1984 the chairman of CITIC group at the time Rong Yiren 荣毅仁 requested that the Chinese government create a banking division under his company to fully embody the needs for foreign exchange This move was approved by the People s Bank of China and a banking division was created under CITIC group in April 1985 At this point the bank was based on the original finance department expanding its operations regarding external financing foreign exchange transactions loans international settlement finance leases and deposits In April 1987 the bank was formally established as a separate legal entity following approval from the People s Bank of China and the State Council of China 2 2000 present edit China CITIC Bank s businesses flourished in the first decade of the 21st century citation needed In July 2000 CITIC bank became the first bank in China to be certified by the China Financial Certificate Authority for online banking In July 2002 the bank improved its international standing by ranking 291st on the Top 1000 World Banks list released by The Banker magazine of the United Kingdom ranking within the top 300 for the first time citation needed In November 2006 the bank welcomed its first major foreign investment when BBVA the second largest bank in Spain became a major shareholder 3 This move established a co operative relationship On 27 April 2007 China CITIC Bank was listed on the Hong Kong and Shanghai stock exchanges In May 2017 the A share of the company was removed from the constituents of SSE 50 Index it remained in SSE 180 Index 4 References edit nbsp China portal nbsp Banks portal China CITIC Bank Intro Archived 3 October 2012 at the Wayback Machine China CITIC Bank Official Introduction CITIC Bank Introduction Archived 22 November 2013 at the Wayback Machine 51Credit com Chinese China CITIC Bank Intro Sina Finance Chinese 沪深300 上证50和中证500等指数2017年第一次定期调整样本股 Press release in Chinese China Shanghai Stock Exchange 31 May 2017 Retrieved 30 October 2017 Retrieved from https en wikipedia org w index php title China CITIC Bank amp oldid 1218607823, wikipedia, wiki, book, books, library,
