Comprehensive Financial Services

Our comprehensive financial services segment aims to become a leader in 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.

We made solid progress in the formation of a financial holding platform with CITIC Financial Holdings granted an official licence and incorporated in March 2022.

Banking

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 RMB8 trillion, its core businesses include corporate banking, retail banking and financial markets services.  In 2021, CITIC Bank ranked 16th in the Top 500 World Banking Brands Leaderboard and its Tier 1 capital ranked 24th in the Top 1000 World Banks as published by the British financial magazine The Banker.

Trust

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 net profit attributable to the parent company has been ranked among the top three in the industry for 15 consecutive years. As a leader in its field, CITIC Trust has also been given the highest rating by Chinese regulatory authorities and has been garnered accolades including, among others, “The Best Trust Company of the Year 2021”, “Outstanding China Trust Company of the Year” and “The Best Trust Company Serving Real Economy” by well-known media at home and abroad.

Insurance

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 2021, CITIC-Prudential Life operated a total of 23 branches in 99 cities across China. The credit rating of CITIC-Prudential Life continued to be AAA in 2021 with a stable outlook.

Securities

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.

China Securities is dual-listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. An industry leader, China Securities has received “AA” rating of A rank, the highest rank, from China Securities Regulatory Commission for 12 consecutive years.

Consumer Finance

CITIC Consumer Finance Co. Ltd is the 24th licensed consumer finance company approved by the China Banking and Insurance Regulatory Commission.  Dedicated to integrity, CITIC Consumer Finance promotes regulatory compliance and business development as a trusted consumer finance company. CITIC Consumer Finance integrates digital technology to provide customised financial products across an array of consumption scenarios for nationwide customers in various industries. It remains committed to offering the highest-quality and most efficient financial services to customers.

Finance Company

CITIC Finance, a chief supervisor member of the China National Association of Finance Companies, functions as CITIC’s treasury management platform which implements the centralisation and deleveraging of funds. CITIC Finance delivers support services with a high level of responsibility and market-based operations, dedicated to enhancing CITIC’s treasury management system through the development of synergy, effective cost reductions, efficient leverage control and strategic resource allocation.