CITIC Bank, a subsidiary of CITIC Group, was initiated and approved by Deng Xiaoping, the chief architect of China's reform and opening up, and was founded by Rong Yiren, former Vice President of China, on June 4th. 1979+05438.
CITIC Bank, formerly known as CITIC Industrial Bank, was established in 1987. It is one of the earliest emerging commercial banks established in China after the reform and opening up, and the first commercial bank in China to participate in domestic and foreign financial market financing. It is well-known at home and abroad for creating many firsts in China's modern financial history. With the rapid development of China's economy, CITIC Industrial Bank has gradually grown up in the tide of financial market reform in China. In August 2005, it was officially renamed as "China CITIC Bank".
On June 5438+February, 2006, CITIC Bank Limited, with China CITIC Group and CITIC International Financial Holdings Limited as shareholders, was formally established. In the same year, we successfully introduced strategic investors and established a strategic cooperative relationship with BBVA, a leading European bank. On April 27th, 2007, CITIC Bank was successfully listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. After 20 years of development, CITIC Bank has become one of the commercial banks with the strongest capital strength in China, and it is a national commercial bank with rapid growth and strong comprehensive competitiveness.