- China CITIC Bank
-
China CITIC Bank
中信银行
Type State-owned enterprise
Public
SEHK: 0998Traded 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.[1] 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.
See also
External links
- China CITIC Bank official website (Chinese version)
- China CITIC Bank official website (English version)
CITIC Group CITIC Guoan • China CITIC Bank • CITIC International Financial Holdings • CITIC Bank International • CITIC Pacific • CITIC 1616 Holdings • Dah Chong Hong • CITIC Resources • CITIC Securities • CITIC 21CN • CITIC Offshore HelicopterChina-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 KongTsingtao 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 ·
Hang Seng China 50 Index Constitutent StocksA shares/H shares Bank of Beijing · Bank of China · Bank of Communications · China Construction Bank · China CITIC Bank · China Life Insurance · China Merchants Bank · China Merchants Securities · China Minsheng Bank · China Pacific Insurance · CITIC Securities · Everbright Securities · Haitong Securities · Industrial and Commercial Bank of China · Industrial Bank · Ping An Insurance · Shanghai Pudong Development BankOtherAir China · Angang Steel · Anhui Conch Cement · Baosteel · BYD · Aluminium Corporation of China · China Coal Energy · China Communications Construction · China COSCO · China Railway Construction · China Railway Engineering · China Shenhua · China State Construction · China Telecom · China Vanke · Daqin Railway Company · Datang Power · Huaneng Power · Kweichow Moutai · MCC · Petrochina · Shanghai Electric · Shanghai Automotive · Shanghai Port · Sinopec · Yangtze Power · Zijin MiningRed chip Others o
This Asian bank-related article is a stub. You can help Wikipedia by expanding it.
