China CITIC Bank

The principal activity of China CITIC Bank is to provide comprehensive banking and financial services. It offers a wide range of products and services, including bank accounts, loans, credit cards, wealth management services, financing solutions for businesses, as well as international banking services. China CITIC Bank serves individuals, small and medium-sized enterprises, and large corporations, both in China and internationally. Its target market therefore includes individual customers seeking everyday banking solutions, as well as businesses with needs for financing, treasury management, and specialized financial services.

History of China CITIC Bank and key stages of its development
China CITIC Bank (中信银行) is a major Chinese commercial bank, a subsidiary of the CITIC Group. Here are the main stages of its history and development:

• Establishment: China CITIC Bank was founded in 1987 in Beijing, under the auspices of the CITIC Group, with the aim of supporting China’s economic reform and promoting financial innovation.
• Product development: From its inception, the bank offered traditional banking services (deposits, loans, payments), then expanded its offering to wealth management, bank cards, mortgage loans, private banking services, online and mobile banking, as well as financing solutions for businesses.
• Stock market listing: In 2007, China CITIC Bank was simultaneously listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, marking a major milestone in its internationalization and access to capital markets.
• Partnerships and innovations: The bank has formed strategic partnerships with national and international financial institutions, and has invested in digital transformation, notably with the development of mobile banking, open banking, and fintech solutions.
• Acquisitions and expansion: China CITIC Bank has expanded its network in China and internationally, notably through its Hong Kong subsidiary (CITIC Bank International) and overseas representative offices.
• Recent strategic changes: The bank has committed to green finance, ESG, and technological innovation, while strengthening its position in wealth management, corporate banking, and digital services.
• Recognition: In 2026, China CITIC Bank ranked 18th worldwide in terms of banking brand value and 6th among Chinese banks.

Today, China CITIC Bank is recognized as a modern, innovative, and international financial institution, playing a key role in the Chinese banking sector.

The founder of China CITIC Bank is the CITIC Group (China International Trust and Investment Corporation), established in 1979 by Rong Yiren, a Chinese businessman and politician. The bank was officially founded in 1987 as a subsidiary of the CITIC Group.

The main members of the management team of China CITIC Bank include:

• Chairman: Zhu Hexin
• President (Executive President): Fang Heying
• Vice Presidents: Several vice presidents, some of whom are responsible for specific segments such as risk management, compliance, or international operations.
• Chief Financial Officer: A member of the executive committee, generally appointed from among the senior executives.
• Chief Risk Officer: Responsible for risk management within the bank.

The exact composition of the management team may change, but these key positions are generally held by experienced executives from the banking sector or the CITIC Group.