Established in 1987, the Bank is one of the earliest emerging commercial banks established during China's reform and opening up. It was the earliest commercial bank in China to participate in domestic and foreign financial market financing, and is famous at home and abroad for repeatedly creating many firsts in the history of modern Chinese finance, making positive contributions to China's economic construction. In April 2007, the Bank achieved simultaneous listing of A+H shares on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Relying on the CITIC Group's “financial+industry” comprehensive endowment advantage, the Bank takes the comprehensive construction of the “four” banks and competes as a development vision, insists on “honesty and trustworthiness, profit, prudence, integrity and innovation, and compliance with the law”, is customer-centered, and creates a unique and differentiated CITIC financial service model through the implementation of the “Five Leaders” 2 banking strategy to provide corporate customers, institutional customers and intercompany customers with banking, international business, financial market business, institutional business, investment banking, and transaction banking Comprehensive financial solutions such as business and escrow business Solution; Provide individual customers with diversified financial products and services such as wealth management business, private banking business, personal credit card business, pension finance business, overseas financial business, etc., to comprehensively meet the comprehensive financial service needs of enterprises, institutions, peers and individual customers. By the end of the reporting period, the Bank had 1,451 business outlets in 153 large and medium-sized cities in China, with 7 subsidiaries at home and abroad: CITIC International Financial Holdings Limited, CITIC Financial Leasing Co., Ltd., CITIC Financial Leasing Co., Ltd., CITIC Baixin Bank Co., Ltd., Algin Bank, and Zhejiang Lin'an CITIC Village Bank Co., Ltd. Among them, China CITIC Bank (International), a subsidiary of CITIC International Financial Holdings Limited, has 31 business outlets and 2 business financial management centers in Hong Kong, Macau, New York, Los Angeles, Singapore, and mainland China. CNBC (Hong Kong) Investment Co., Ltd. has 3 subsidiaries in Hong Kong and China. CITIC Wealth Management Co., Ltd. is a wholly-owned financial management subsidiary of the Bank. China CITIC Baixin Bank Co., Ltd. is the first independent corporate direct sales bank in China jointly initiated by the Bank and Baidu. Algin Bank has 7 business outlets and 1 private banking center in Kazakhstan. The Bank has a deep grasp of the political and popular nature of financial work, has always identified financial positions and carried out financial responsibilities in the overall strategic situation of the Party and the country, and insisted on being a loyal implementer of national strategies, a strong servant of the real economy, and an active builder of a strong financial country. After more than 30 years of development, the Bank has become a financial group with total assets of over 9 trillion yuan, more than 65,000 employees, and strong comprehensive strength and brand competitiveness. In 2023, the Bank ranked 20th in the “Top 500 Global Banking Brands List” by the British “Banker” magazine; the Bank's Tier 1 Capital ranked 19th in the “World 1000 Banks Ranking” by the British “Banker” magazine.
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