China CITIC Bank

China CITIC Bank (Chinese中信 银行/中信 银行, pinyin Zhongxin Yínháng ) is the 7th largest Chinese bank loans in the category of asset. The company was founded in February 1987 as a comprehensive and international bank and is listed on the stock index SSE 50.

The company is a subsidiary of the Chinese company China International Trust and Investment Company. Formerly the company was known under the name of CITIC Industrial Bank. The company offers banking services of various kinds for its customers. The end of October, 2005, China CITIC Bank over 418 bank branches in China and established partnerships with 990 corresponding banks worldwide in 70 countries.

The China CITIC Bank has assets by 576 billion RMB ( 71 billion USD) and those in need a loan rate of 2.5% ( 11.1 billion RMB). The liquidity ratio is 9.1 %.

Since then, the Bank was listed on the Hong Kong Stock Exchange, its shares one of the worst of all per - 's Republic of China equities. She fell under the IPO price of HK $ 5.80 and closed on 5 June 2007 with HK $ 5.79. It is the second Chinese shares in Hong Kong, which fell below the IPO price, according to the People's Insurance Company of China.