China CITIC Bank Corporation Limited Overview
Pro stress-test →CITIC Bank is a commercial bank providing corporate and retail banking services, including international business, investment banking, and wealth management. The bank is the ninth-largest commercial bank in China and is headquartered in Beijing.
Strategic Profile
Pro stress-test →Corporate banking is the bank's flagship business with a solid customer base of state-owned enterprises, underpinned by its strong connection with parent CITIC Group, one of the largest SOE conglomerates. The bank's wealth management products grew 10.9% from 2023, at a pace faster than peers.
Competitive Landscape
Pro stress-test →CITIC Bank competes in China's banking sector through strong SOE relationships and corporate banking expertise, supported by its parent conglomerate CITIC Group. Main competitors include Industrial and Commercial Bank of China, Bank of China, and China Construction Bank, which are larger state-owned banks, as well as mid-tier banks like Bank of Communications and China Minsheng Bank.
Industry Context
China CITIC Bank Corporation Limited operates in Commercial Banking.
Key facts
Founded: 1987 · Headquarters: Beijing, China · Revenue: 155 billion yuan (TTM)