CITIC Bank, founded in 1987, is one of the earliest emerging commercial banks in China and the first commercial bank in China to participate in financial integration at home and abroad. It is well-known at home and abroad for creating many firsts in China's modern financial history, and has made positive contributions to China's economic construction. In April 2007, the Bank listed A+H shares on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange.
With the development vision of building the best comprehensive financial service enterprise, the Bank gives full play to the unique competitive advantages of CITIC Group in finance and industry, makes every effort to build an integrated service platform, adheres to the principle of "customer-oriented", adheres to the business philosophy of "safe CITIC, scientific and technological career, service entity, market orientation and value creation", and provides corporate banking, international business, financial market business, institutional business, investment banking, factoring business and institutions for corporate and institutional customers.
By the first half of 20 18, the Bank had 1423 business outlets in 43 large and medium-sized cities nationwide, and at the same time had five subsidiaries, including CITIC International Financial Holdings Limited, Yin Xin (Hong Kong-invested) Investment Limited, CITIC Financial Leasing Limited, Zhejiang Linan CITIC Rural Bank Co., Ltd. and CITIC baixin bank Co., Ltd.
Among them, CITIC Bank (International) Limited is a subsidiary of CITIC International Financial Holdings Limited, with 39 outlets in Hongkong, Macau, new york, Los Angeles, Singapore and China. CITIC baixin bank Co., Ltd. is the first direct selling bank with independent legal personality in China initiated by this bank and Baidu Company. In addition, the project of purchasing 60% equity of Al Jinyin Bank held by People's Bank of Kazakhstan in cooperation with China Sunway Investment Co., Ltd. (a wholly-owned subsidiary of China Tobacco) has been successfully completed, which indicates that the Bank has become the first joint-stock bank in China to acquire Bank of Kazakhstan.
According to the central bank, starting from 20 19 10 8, the loan interest rate of individual commercial housing is officially linked to LPR, instead of the benchmark loan interest rate that has been used before.
In addition, the newly released loan interest rate is based on the loan market quotation (LPR) of the last month, and the interest rate of the first home loan shall not be lower than the corresponding term LPR, and the second home loan shall not be lower than LPR plus 60 basis points.