Our comprehensive financial services segment aims to become a leader in integration. To facilitate connectivity and collaboration, we will apply to establish a financial holding company, providing more robust financial solutions for the real economy and in turn strengthening each of our businesses.
CITIC Bank is a leading national commercial bank with highly integrated capabilities and strong brand recognition in China. With nearly 60,000 staff and total assets exceeding RMB7 trillion, its core businesses include corporate banking, retail banking and financial markets services. In 2020, CITIC Bank was ranked 21st in the Top 500 World Banking Brands and 24th in the Top 1000 World Banks according to Tier 1 capital as published by the British financial magazine The Banker.
CITIC Trust is a leading national non-bank financial institution under the supervision of the China Banking and Insurance Regulatory Commission. It focuses principally on the trust business, complemented by a proprietary business to better manage its balance sheet, and invests in subsidiaries to diversify its portfolio. CITIC Trust is the only trust company in China whose core indicators have been ranked among the top three in the industry for 13 consecutive years. As a leader in its field, CITIC Trust also has the highest rating in the sector and has been awarded “The Best China Trust Company” by The Asian Banker for three consecutive years through 2020.
CITIC-Prudential Life is a 50-50 joint venture between CITIC Limited and Prudential Corporation Holdings Limited, which offers life, health and accident insurance and reinsurance services. At the end of 2020, CITIC-Prudential Life operated a total of 22 subsidiaries in 99 cities across China. CITIC-Prudential Asset Management, the joint venture’s asset management subsidiary, secured a business license in March 2020.
CITIC Securities is a leading securities company in China, covering investment banking, wealth management, asset management, financial markets and equity investment. All respective businesses maintain a leading position in the market. Major subsidiaries of CITIC Securities include CLSA and China AMC.
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