This article reads like a press release or a news article and may be largely based on routine coverage .(April 2018) |
Native name | 中信银行 |
---|---|
Company type | Public |
| |
Industry | Banking |
Founded | April 1987 |
Headquarters | , |
Area served | People's Republic of China |
Key people | Zhu Hexin, Chairman Fang Heying, President |
Revenue | US$28.98 billion |
US$8.63 billion | |
Total assets | US$1.265 trillion |
Owner | CITIC Group |
Number of employees | 59,258 (2021) |
Parent | CITIC Limited |
Website | bank |
China CITIC Bank | |||||||
---|---|---|---|---|---|---|---|
Simplified Chinese | 中信银行 | ||||||
Traditional Chinese | 中信銀行 | ||||||
|
China CITIC Bank is a major commercial bank in China,under CITIC Group.
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]
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]
Hang Seng Bank Limited is a Hong Kong-based banking and financial services company with headquarters in Central,Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group,which holds a majority equity interest in the bank.
China Construction Bank Corporation (CCB) is one of the "big four" banks in China. In 2015,CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic branches. In addition,it maintains overseas branches in London,Barcelona,Frankfurt,Luxembourg,Hong Kong,Johannesburg,New York City,Seoul,Singapore,Tokyo,Melbourne,Kuala Lumpur,Santiago de Chile,Brisbane,Sydney and Auckland. Its total assets reached CN¥8.7 trillion in 2009,and it is considered a systemically important bank by the Financial Stability Board. Its headquarters is in Xicheng District,Beijing.
Bank of China (Hong Kong) Limited (Chinese:中國銀行(香港)有限公司),also known as its short name Bank of China (Hong Kong) or BOCHK (Chinese:中銀香港),is a subsidiary of the Bank of China (via the Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data),with more than 190 branches across Hong Kong as of the end of 2019. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
Ping An Insurance known also as Ping An of China,full name Ping An Insurance (Group) Company of China,Ltd. is a Chinese financial services holding company whose subsidiaries provide insurance,banking,asset management,financial services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".
The People's Insurance Company (Group) of China Limited,known as PICC Group or just PICC,is a Chinese listed insurer. The Chinese Central Government is the controlling shareholder.
The Shanghai Stock Exchange is a stock exchange based in the city of Shanghai,China. It is one of the three stock exchanges operating independently in mainland China,the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's third largest stock market by market capitalization. It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange,the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government,due to capital account controls exercised by the Chinese mainland authorities.
Bank of Shanghai Co.,Ltd. (BOSC) is an urban commercial bank based in Shanghai in China. The bank was ranked 73rd among 1000 banks around the world by The Banker in terms of their Tier 1 capital in 2020.
Bank of Beijing Co.,Ltd. is an urban commercial bank based in Beijing,China. According to the bank,most of the revenue came from Beijing,despite that the banking group had more than half of the branches located outside the direct-controlled municipality. Beijing Municipal People's Government and the Netherlands-based multinational bank ING Bank were the major shareholders of the bank.
Bank of Communications is the fifth-largest bank in mainland China.
China's banking sector had CN¥319.7 trillion in assets at the end of 2020. The "Big Four" state-owned commercial banks are the Bank of China,the China Construction Bank,the Industrial and Commercial Bank of China,and the Agricultural Bank of China,all of which are among the largest banks in the world As of 2018. Other notable big and also the largest banks in the world are China Merchants Bank and Ping An Bank.
China Merchants Bank (CMB) is a Chinese bank headquartered in Futian District,Shenzhen,Guangdong,China. Founded in 1987,it is the first share-holding commercial bank wholly owned by corporate legal entities in China. CMB listed on the Shanghai Stock Exchange in 2002 and the Hong Kong Stock Exchange in 2006.
The CSI 300 is a capitalization-weighted stock market index designed to replicate the performance of the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It has two sub-indexes:the CSI 100 Index and the CSI 200 Index. Over the years,it has been deemed the Chinese counterpart of the S&P 500 index and a better gauge of the Chinese stock market than the more traditional SSE Composite Index.
Huaneng Power International,Inc. (HPI),commonly known as Huaneng Power,is a Chinese electric power company. It was established in 1994 by the China Huaneng Group,one of the five largest power producers in China. It engages in the development,construction and operation of large power plants.
China Everbright Bank Co.,Ltd. is one of twelve Chinese joint-stock commercial bank. Established in August 1992,it is a national joint-stock commercial bank approved by the State Council and approved by the People's Bank of China,headquartered in Beijing. It was ranked in 139th in 2016 Forbes Global 2000 publicly held companies. Sister company Everbright Securities ranked 862th.
The Shanghai Lixin University of Accounting and Finance is a municipal public college in Shanghai,China. It is affiliated with the City of Shanghai and funded by the Shanghai Municipal Government.
Shanghai-Hong Kong Stock Connect is a cross-boundary investment channel that connects the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Under the program,investors in each market are able to trade shares on the other market using their local brokers and clearing houses. Chinese Premier Li Keqiang announced the programme on 10 April 2014. The scheme launched on 17 November 2014.
China Galaxy Securities Co.,Ltd. is a Chinese state-owned brokerage and investment bank.
Oceanwide Holdings Co.,Ltd. is a Chinese publicly traded conglomerate. It was a subsidiary of Tohigh Holding,via intermediate holding companies Oceanwide Group and China Oceanwide Holdings Group.
CSC Financial Co.,Ltd. trading as China Securities,is a Chinese investment bank and brokerage firm established by CITIC Securities and China Jianyin Investment in 2005 in a 60–40 ratio,as a successor of bankrupted China Securities Co.,Ltd. (CSC). However,the firm now majority owned by Jianyin Investment's parent company Central Huijin Investment and an asset managing subsidiary of Beijing Municipal People's Government.
Dongxing Securities Co.,Ltd. is a Chinese investment bank and brokerage firm. The firm was a constituent of SSE 50 Index and CSI 100 Index.