CITIC Bank, State-owned, Private or Foreign?

CITIC Bank is a joint-stock commercial bank, and its main shareholder is CITIC Group, which is a wholly state-owned company.

Citic Bank was established in 1987, which was one of the earliest emerging commercial banks in China during the reform and opening up period. By the end of June 20 19, the Bank had 1, 4 10 business outlets in 49 large and medium-sized cities nationwide, and at the same time, it had six subsidiaries at home and abroad, including CITIC International Financial Holdings Limited and CITIC Bank.

Extended information 2015118, Baidu and CITIC Group jointly announced a strategic cooperation at Diaoyutai State Guesthouse, and Baidu and CITIC Bank, a subsidiary of CITIC Group, initiated the establishment of baixin bank.

This is the first direct selling bank initiated by the deep cooperation between Internet companies and traditional banks in China, marking a milestone step for Baidu in the vertical service field with the largest capacity and the most growth potential. The establishment of baixin bank is also of symbolic significance in the development of China's banking industry, creating a brand-new model of "internet plus Finance".

Baidu Encyclopedia-China CITIC Bank

The official website of China CITIC Bank-Introduction of China CITIC Bank