China Citic Bank

Citic Bank drops, plans to step up retail business

30 Mar 2013

China Citic Bank's share price fell yesterday after it reported disappointing results for last year. The stock fell 2.5 per cent to close at 4.67 yuan on the mainland stock market, after falling...

4:33AM

Citic Bank posts flat earnings as peers take flight

29 Mar 2013

China Citic Bank reported flat earnings for last year, while its Hong Kong-listed mainland peers posted double-digit growth. Earnings grew by a quarter at China Merchants Bank (CMB) and more than...

5:05AM

Citic Bank provisions for bad debts to hurt profit next year

31 Oct 2012

Citic Bank is stepping up its provisioning against potential bad loans, which analysts said is likely to weigh on its profit next year.

2:30AM

Competition eats into CMB margins

30 Oct 2012

China Merchants Bank's net profit grew 16.6 per cent in the third quarter from a year earlier, driven by a rise in interest income, but net interest margin dipped amid fierce competition.

4:25AM

China Citic's profit rises 29pc but bad debt also mounts

30 Aug 2012

China Citic Bank, the mainland's seventh-largest lender by assets, said net profit jumped 29 per cent to 19.4 billion yuan (HK$23.73 billion) in the first half of this year from a year earlier.

3:17AM

China Citic Bank racks up 43pc surge in profits

1 Apr 2012

Hong Kong-listed mainland lender China Citic Bank beat market expectations to post a 43 per cent increase in net profit last year.

But its chief executive warned yesterday of slower...

11:44AM

Opinion

Tom Holland

Attempts to diversify China's reserves have been a disaster

4:45AM

Howard Winn

China is like the EU; provinces are its member states

5:26AM

Caring bank signs up to Operation Santa Claus

From planting trees in country parks to baking cakes with underprivileged children, Citic Bank International's 1,600 employees have contributed more than 10,000 hours to volunteer work, says...

3:15AM

Citic sees dip in loans to financing vehicles

China Citic Bank said yesterday that outstanding loans to so-called local government financing vehicles continued to fall and expected fewer to come due in the fourth quarter.

11:16PM

Citic Bank unit's yuan trade deals soar 366pc

Citic Bank International (CBI), China Citic Bank's offshore commercial banking arm, said its settlement of yuan-denominated, cross-border transactions jumped 366 per cent to 23.55 billion yuan (HK...

7:19PM

China Citic's LGFV loans rise by 50 billion yuan

China Citic Bank said loans to local government financing vehicles (LGFV) rose about 50 billion yuan (HK$61 billion) to around 170 billion yuan in the first half, largely due to a redefinition of...

6:17PM

China Merchants Bank to sell 10b yuan of shares

China Merchants Bank is planning to raise at least 10 billion yuan (HK$12.02 billion) via a share placement in Hong Kong, in the second round of fund-raising initiative by mainland lenders since...

2:55PM

Global Green Tech ousts two directors

Shareholders of Global Green Tech Group, which has interests in cosmetics and gold-mining, have voted two of the company's three independent directors off the board and refused to hire 'Big Four...

1:52PM