CITIC Bank is one of the earliest commercial banks established during China’s reform and opening up period. It was among the first commercial banks to engage in financing within both domestic and international financial markets. Today, CITIC Bank has grown into a financial group with strong comprehensive strength and brand competitiveness. CITIC Bank ranked 19th in the “Banking 500” list published by Brand Finance in the UK. It also ranked 18th in “Top 1000 World Banks” according to Tier 1 capital and was awarded “Bank of the Year China 2025” by the British magazine The Banker.
In 2025, CITIC Bank adhered to the fundamental function of finance, supported the real economy, prevented financial risks and made positive progress in its strategic transformation.
Balanced development across “Three Major Segments”
CITIC Bank continued to advance the development of its three major segments in corporate banking, retail banking and financial markets, establishing a distinctive and well-balanced business model.
In the financial market segment, with the “proprietary trading+agency services” dual-platform operation as the foundation, CITIC Bank strived to achieve balanced development between profit enhancement and real economy services. As a proactive market maker to support the solid development of the foreign exchange market, the bank offered professional, efficient and flexible exchange rate risk management services to enterprises and cross-border institutional investors. In 2025, the foreign exchange market-making transaction volume reached US$4.06 trillion, maintaining a leading position in the market. It fulfilled responsibilities as a government bond underwriter and a core market maker in the interbank bond market, actively participated in the innovation of interest rate and credit derivative markets. It executed the market’s first 30-year “Northbound Swap Connect” contract transaction and the first batch of “Northbound Swap Connect” contracts linked to the Loan Prime Rate (LPR). It conducted money market businesses including onshore and foreign currency bond repurchase, interbank lending and interbank certificate of deposit issuance, fully supporting the short-term financing needs of various financial institutions. In bill business, it provided discount financing services to 18,060 enterprises with a total amount of RMB1.1314 trillion. In asset management, it refined full-life-cycle wealth management companion services, increased the supply of equity-inclusive products on the base of existing fixed-income products, and actively developed wealth management products related to the “Five Major Tasks” in finance. As at the end of 2025, the wealth management product scale reached RMB2.3 trillion, representing an increase of 15% as compared to the end of the previous year.
In 2026, CITIC Bank will consistently focus on the operating philosophy of “stabilising interest margin and asset quality, expanding non-interest income and customer base”. The bank will prioritise stability in risk control, emphasise structure in quality improvement, optimise systems with a clear framework and pursue excellence in cost control. It will foster a stable development pattern featuring “corporate business taking the lead, retail business providing steady contributions, financial market business increasing revenue and risk control creating value”. It will fully facilitate the “Five Major Tasks” in finance and strive to achieve a good start to the 15th Five-Year Plan period.
Solid implementation of the “Five Leading” strategy
As a leading wealth management bank, CITIC Bank has been upholding a customer-oriented and value-driven philosophy and the development path of “Three Comprehensives, Five Expertise, Four Rings and Two Wings”1. By the end of 2025, the mark-to-market AUM of retail business of the CITIC Bank Group reached RMB5.36 trillion, marking a 14.3% increase compared to 31 December 2024.
As a leading comprehensive financing bank, CITIC Bank has strengthened the whole-chain mechanism of “underwriting-investment- trading” of bonds, leading the market of debt financing by underwriting scale. By extending and expanding the equity-loan linkage value chain, it took the lead among joint-stock commercial banks in the loan scale for share repurchases. By the end of 2025, the comprehensive financing scale of the CITIC Bank Group reached RMB15.1 trillion, an increase of 5.4% compared to 31 December 2024.
As a leading transaction settlement bank, CITIC Bank has built five platforms for customer treasury management services and fund settlement services, integrating product structure from the customer’s perspective, creating industry-specific service solutions and continuously improving comprehensive transaction and settlement service capabilities. In 2025, the number of transaction settlements and transaction amount increased by 16.3% and 9.9% year on year, respectively.
As a leading foreign exchange service bank, CITIC Bank has launched the action plan for cross-border business operation and management system, and established a cross-border financial centre. By the end of 2025, the balance of cross-border loans exceeded RMB130 billion, up 59.9% compared to 31 December 2024. The volume of client foreign exchange settlement and sales reached US$260.2 billion, up 10.17% year on year.
As a leading digital bank, CITIC Bank has put the Galaxy Project into production, realising the full-process business reshaping and core technology breakthroughs in the corporate credit extending sector. It was the first joint-stock bank to earn the highest-level certification under the Data Management Capability Maturity Model (DCMM).
As a leading wealth management bank, CITIC Bank has been upholding a customer-oriented and value-driven philosophy and the development path of “Three Comprehensives, Five Expertise, Four Rings and Two Wings”1. By the end of 2025, the mark-to-market AUM of retail business of the CITIC Bank Group reached RMB5.36 trillion, marking a 14.3% increase compared to 31 December 2024.
As a leading comprehensive financing bank, CITIC Bank has strengthened the whole-chain mechanism of “underwriting-investment- trading” of bonds, leading the market of debt financing by underwriting scale. By extending and expanding the equity-loan linkage value chain, it took the lead among joint-stock commercial banks in the loan scale for share repurchases. By the end of 2025, the comprehensive financing scale of the CITIC Bank Group reached RMB15.1 trillion, an increase of 5.4% compared to 31 December 2024.
As a leading transaction settlement bank, CITIC Bank has built five platforms for customer treasury management services and fund settlement services, integrating product structure from the customer’s perspective, creating industry-specific service solutions and continuously improving comprehensive transaction and settlement service capabilities. In 2025, the number of transaction settlements and transaction amount increased by 16.3% and 9.9% year on year, respectively.
As a leading foreign exchange service bank, CITIC Bank has launched the action plan for cross-border business operation and management system, and established a cross-border financial centre. By the end of 2025, the balance of cross-border loans exceeded RMB130 billion, up 59.9% compared to 31 December 2024. The volume of client foreign exchange settlement and sales reached US$260.2 billion, up 10.17% year on year.
As a leading digital bank, CITIC Bank has put the Galaxy Project into production, realising the full-process business reshaping and core technology breakthroughs in the corporate credit extending sector. It was the first joint-stock bank to earn the highest-level certification under the Data Management Capability Maturity Model (DCMM).
Smart Corporate Treasury Management Platform
Balanced development across “Three Major Segments”
CITIC Bank continued to advance the development of its three major segments in corporate banking, retail banking and financial markets, establishing a distinctive and well-balanced business model.
In the corporate banking segment, CITIC Bank continued to enhance customer service experience and achieve coordinated development of scale, efficiency and structure by enriching and improving the product portfolio, strengthening ecosystem development and deepening digital and intelligent transformation. In 2025, both the number and scale of underwritten debt financing instruments ranked first in the market2, making it the only financial institution in the market with corporate credit bond underwriting scale exceeding RMB900 billion for two consecutive years. Through measures such as enriching project financing products, improving cross-border supply chain financing scenarios, and optimising trade financing processes, the bank drove an 18.4% growth in the balance of international trade financing. The custody scale of the CITIC Bank Group exceeded RMB18 trillion, ranking sixth in the market3. Adhering to a customer-centric approach, the bank has built a “comprehensive, professional, leading and integrated” corporate wealth management service system. It continued to strengthen the hierarchical and classified operation system for corporate customers, with three major customer groups—large customers, government and institutional customers, and small and medium-sized customers—advancing together, improving quality and expanding coverage.
Scale of underwritten debt financing
RMB 904.3 billion
Ranked 1st in the market
2025
Number of underwritten debt financing instruments
2,401
Ranked 1st in the market
As at the end of 2025, the corporate wealth management scale reached RMB346.4 billion, representing a year-on-year increase of 60.9%; the total number of corporate clients amounted to 1.39 million, representing an increase of 120,000 compared with the end of the previous year.
In 2025, the scale of supply chain financing reached RMB1.87 trillion, representing a year-on-year growth of 12.2%.
In the retail banking segment, CITIC Bank’s wealth management business centred on customer needs and concerns, promoted product innovation, built a comprehensive service system supported by professional investment research and diverse products, and developed featured products that deliver both financial returns and social benefits. Personal lending business achieved balanced development in volume, pricing, and quality. As at the end of 2025, the balances of mortgage loans and personal inclusive loans reached RMB1.0877 trillion and RMB424.9 billion, increasing by RMB55.1 billion and RMB13.3 billion respectively compared to the end of the previous year. It upgraded the product and service system of credit card business, advanced high-quality customer acquisition and refined operation, and accelerated technological innovation and digital transformation. It continued to optimise the “Happy+” elderly pension financial ecosystem, driving loan to the elderly care industry to grow by more than 100%. CITIC Bank focused on key customer groups such as the elderly, overseas travellers and Gen Z, enhancing its professional capabilities in tiered services and sharpening its differentiated advantages.
As at the end of 2025, the number of individual customers reached 152 million, representing a year-on-year increase of 4.9%; the cumulative number of credit cards issued reached 129 million, with a year-on-year growth of 4.6%.
In the financial market segment, with the “proprietary trading+agency services” dual-platform operation as the foundation, CITIC Bank strived to achieve balanced development between profit enhancement and real economy services. As a proactive market maker to support the solid development of the foreign exchange market, the bank offered professional, efficient and flexible exchange rate risk management services to enterprises and cross-border institutional investors. In 2025, the foreign exchange market-making transaction volume reached US$4.06 trillion, maintaining a leading position in the market. It fulfilled responsibilities as a government bond underwriter and a core market maker in the interbank bond market, actively participated in the innovation of interest rate and credit derivative markets. It executed the market’s first 30-year “Northbound Swap Connect” contract transaction and the first batch of “Northbound Swap Connect” contracts linked to the Loan Prime Rate (LPR). It conducted money market businesses including onshore and foreign currency bond repurchase, interbank lending and interbank certificate of deposit issuance, fully supporting the short-term financing needs of various financial institutions. In bill business, it provided discount financing services to 18,060 enterprises with a total amount of RMB1.1314 trillion. In asset management, it refined full-life-cycle wealth management companion services, increased the supply of equity-inclusive products on the base of existing fixed-income products, and actively developed wealth management products related to the “Five Major Tasks” in finance. As at the end of 2025, the wealth management product scale reached RMB2.3 trillion, representing an increase of 15% as compared to the end of the previous year.
In 2026, CITIC Bank will consistently focus on the operating philosophy of “stabilising interest margin and asset quality, expanding non-interest income and customer base”. The bank will prioritise stability in risk control, emphasise structure in quality improvement, optimise systems with a clear framework and pursue excellence in cost control. It will foster a stable development pattern featuring “corporate business taking the lead, retail business providing steady contributions, financial market business increasing revenue and risk control creating value”. It will fully facilitate the “Five Major Tasks” in finance and strive to achieve a good start to the 15th Five-Year Plan period.
Note:
1
“Three Comprehensives” refers to comprehensive customer coverage, comprehensive products and comprehensive channels; “Five Expertise” refers to being an expert at settlement, investment, financing, activities and services; “Four Rings” refers to segment integration, Bank-wide coordination, Group-wide synergy and external connectivity; “Two Wings” refers to digital and ecosystem-based development.
2
Ranked according to the rankings from Wind Information.
3
Based on data from the Custodian Services Committee of the China Banking Association