Financial Services

We leverage our strong financial services platform to better serve our clients and customers with integrated and innovative products. We provide domestic and overseas banking services through CITIC Bank, trust services through CITIC Trust, insurance services through CITIC-Prudential, and securities services through CITIC Securities.

Banking

We own nearly 64% of CITIC Bank. CITIC Bank and its subsidiaries offer banking services to customers in China and overseas. As of 31 December 2013, CITIC Bank had 1,073 branches and sub-branches in China; CITIC Bank International had 36 outlets in Hong Kong and overseas branches in Macau, Singapore, New York and Los Angeles.

Trust

CITIC Trust has the most comprehensive line of trust products in China, including private equity funds, industry investment funds, assets securitisation, non-performing assets liquidation, enterprise annuities, equity trust and asset management for Qualified Domestic Institutional Investors. It has also introduced trust products for infrastructure projects, the securities markets, industrial and commercial enterprises, and real estate developments.

From 2011 to 2013, CITIC Trust maintained a leading position in terms of trust AUM, revenue and net profit. It has a strong research team, innovative concepts and a good risk management system.

Insurance

CITIC-Prudential is a 50:50 joint venture set up by CITIC Limited and UK Prudential Co, Ltd. CITIC-Prudential provides life, health and accident insurance, operating over 160 branches across 67 cities in China, as well as individual insurance agents as a major distribution channel.

Securities

We own over 16% of CITIC Securities, which is the largest securities company in China. CITIC Securities maintains leading market positions in investment banking, brokerage, asset management, margin financing and securities lending. In 2013, CITIC Securities successfully acquired CLSA, Asia's leading and longest-running brokerage and investment group.