Is China CITIC Bank a national bank? Bank of China, right?

As a large state-owned commercial bank managed by the central government, Bank of China is the bank with the highest degree of globalization and integration in China. We have set up offices in Chinese mainland and more than 60 countries and regions, and have a relatively complete global service network. It has formed a commercial banking business focusing on corporate finance, personal finance and financial market. The comprehensive service platform covers investment banking, direct investment, securities, insurance, funds, aircraft leasing, asset management, financial technology and other fields, providing customers with a full range of financial services.

CITIC Bank, formerly known as CITIC Industrial Bank, was founded in 1987 and renamed at the end of 2005. CITIC Bank is one of the national commercial banks in China, with its headquarters in Beijing.

The major shareholder is China CITIC Group. Spain's Bank of Bilbao (S.BBva) bought 5% shares of CITIC Bank for 50 1 10,000 euros (HK$ 5.02 billion), and may choose to increase the shareholding ratio to 10.07%. On April 27th, 2007, CITIC Bank was listed on the Shanghai Stock Exchange. CITIC Bank is the seventh largest bank in Chinese mainland, with total assets exceeding HK$ 65,438+0.2 trillion, 65,438+0.6 million employees and 540 branches. It is one of six banks and three insurance companies that hold Chinese financial stocks in Hong Kong.

On May 9, the Consumer Protection Bureau of the China Banking Regulatory Commission reported that in March 2020, CITIC Bank provided personal bank account transaction details to a third party without the authorization of customers, which violated the principle of depositor confidentiality. Our bureau will start the investigation procedure according to relevant laws and regulations, and conduct the investigation in strict accordance with laws and regulations.

At the end of 1984, with the need of economic development, Mr. Rong Yiren, the chairman of China International Trust and Investment Co., Ltd. (hereinafter referred to as Zhongxin Group), wrote to the Central Committee to request the establishment of a bank in China CITIC Bank. The company systematically operates foreign exchange banking business. With the consent of the People's Bank of the State Council and China, the Bank Department will be established first, foreign exchange banking business will be expanded, and banks will be established.

1In April, 1985, CITIC Group established the Banking Department on the basis of the former Finance Department to further expand the comprehensive banking business such as external financing, foreign exchange trading, loan issuance, international settlement, financial leasing and deposit absorption. In the past two years, the banking industry has received strong support and help from the People's Bank of China and the State Administration of Foreign Exchange, and its business has developed rapidly. He has accumulated some experience in RMB foreign exchange deposit and loan, import and export of letters of credit, international leasing, securities foreign exchange and foreign exchange currency exchange, and has initially met the requirements of a bank.