Comprehensive Financial Services
Our comprehensive financial services segment aims to be a leader in financial integration. We are deepening the synergy between our businesses through the formation of a financial holding company, enhancing the competitiveness of each individual business and their ability to serve the real economy.
CITIC Financial Holdings
established in March 2022, is one of the financial holding companies first licensed by the People’s Bank of China, and a comprehensive financial services company holding a complete set of licences in the financial industry with a wide range of businesses.
CITIC Bank
is a leading national commercial bank with highly integrated capabilities and strong brand recognition in China, and its core businesses include corporate banking, retail banking and financial markets services.
CITIC Trust
is the market leader in its field in China, providing integrated financial services including financing, wealth management, trust services, charitable trusts, and other integrated financial products.
CITIC-Prudential Life
is a joint venture between CITIC Financial Holdings and Prudential plc offering life, health and accident insurance, as well as reinsurance services.
CITIC Securities
is a premium securities company in China with businesses spanning securities, funds, futures, direct investments, equity funds and commodities. All respective businesses maintain a leading position in the market.
CSC Financial
is a national comprehensive securities company. Its main businesses include investment banking, wealth management, trading and institutional client services, and asset management.
The comprehensive financial services segment focused on serving the real economy and strengthening its role as a strategic support for state-owned enterprises. Profit attributable to ordinary shareholders increased by 5.1%. CITIC Bank continued to optimise its loan structure and enhance its asset quality, achieving an 7.9% increase in net profit attributable to the bank’s shareholders. CITIC Securities accelerated its drive in establishing a world-class investment bank and maintained a leading position in its core business domestically. Its profit remained the first among the peers although it declined due to the market turndown. CITIC Trust focused on developing trust and asset management businesses. Its trust assets under management increased by 34% compared to the beginning of the year, and asset quality continued to improve. CITIC-Prudential Life actively responded to the new regulatory requirements and made continuous improvements to its product structure. This led to the increase in the value of new business.