TOPIC

/ company

CITIC Group

The latest news, analysis and opinion on CITIC Group. In-depth analysis, industry insights and expert opinion.

Chairman / President

Xi Guohua

CEO / Managing Director

Zhang Wenwu

CFO / Finance Director

Zhang Hao

Industry

Banking, Financial Services, Fund & Asset Management

Website

group.citic

Headquarters address

CITIC Securities Tower, Shenzhen, China

Stock Code

SEHK:6030
SSE:600030

Year founded

1995

The Capital Club is one of Beijing’s most exclusive hangouts for business leaders and diplomats. Photo: Handout

2026 Xi-Trump summit

Trump’s China visit opens door to ‘casual’ networking between business chiefs

Sources say Beijing’s exclusive Capital Club has been reserved for networking opportunities in a ‘less formal’ setting during state visit.

12 May 2026 - 6:37PMvideocam

China property

From ghost to giant: long skyscraper saga nears finish amid China property woes

5 Apr 2026 - 2:00PMvideocam

Banking & finance

Citic Securities claims top spot in Asia-Pacific investment banking for 2025

6 Jan 2026 - 8:56PM

Corruption in China

Video | Ex-Chinese banker executed for taking bribes

Bai Tianhui was the second senior figure from Huarong to be sentenced to death and was executed on December 9, 2025.

10 Dec 2025 - 11:47AM

01:05

China’s Communist Party

Former Chinese senior banker executed for taking US$155 million in bribes

Bai is the second senior figure from Huarong to be put to death for corruption following the execution of Lai Xiaomin in 2021.

9 Dec 2025 - 9:48PM

Family offices

Exclusive | China’s wealthy flock to Hong Kong for global investments, banker says

China Citic Bank International invests in new private banking centre as cross-border wealth customers triple, Wendy Yuen says.

2 Nov 2025 - 11:37AM

Banking & finance

What AI means for young bankers: fewer entry roles, but faster career paths

AI might be trimming entry roles, but recruiters say graduates with the right mix of technical and soft skills are still in demand.

29 Oct 2025 - 9:30AM

Rather than eliminating entry-level roles, AI could act as a catalyst for faster career progression. Photo: Reuters

Semiconductors

China’s new hope in breaking reliance on foreign chipmaking machines

Advanced lithography remains a significant bottleneck for China, but a new company founded in February offers new optimism.

19 Oct 2025 - 10:00AMvideocam

China property

Hot Shanghai property market defies national slump, led by luxury homes

Luxury developments such as One Central Park fetch high prices from rich buyers who are undeterred by economic uncertainty.

25 May 2025 - 11:00AM

Banking & finance

Chinese sovereign wealth fund private-equity head moves to Citic

Bao Jianmin is now listed as deputy general manager and a member of the Communist Party committee at the investment company.

5 May 2025 - 6:00PM

Bao Jianmin, shown in an undated photo, held multiple roles at CIC. Photo: Handout

International Property

Citic enlarges Saudi Arabia footprint with 3,500-flat Riyadh project

The project, also called Khuzam Hills, comprises several phases, the first of which is scheduled for delivery in 2026, according to the website of Citic’s partner Rafal.

19 Nov 2024 - 1:56PM

The exhibition booth of the Saudi National Housing Corporation at the Cityscape Global expo in Riyadh, Saudi Arabia on November 11, 2024. Photo: Instagram/saudinhc

Myanmar

China won’t ‘pull the carpet’ on Myanmar junta over resistance’s olive branch

Myanmar’s shadow government says it wants to work with China on issues ranging from investments to cross-border crime.

12 Jan 2024 - 5:58PMvideocam

Belt and Road Initiative

China, Myanmar renew hopes for Kyaukphyu deep water port under belt and road plan

Port expected to allow Beijing to bypass South China Sea for oil imports is cited as ‘major part’ of 1,700km China-Myanmar Economic Corridor.

29 Dec 2023 - 10:00AMvideocam

China's economic recovery

Facing ‘huge challenges’, China names finance veteran Zhu Hexin new forex chief

Zhu Hexin’s political pedigree is a bit different than some of his predecessors, starting with a factory job and working his way to the upper echelon of Chinese finance.

24 Nov 2023 - 7:07PM

Veteran Chinese banker Zhu Hexin has been appointed party chief of the State Administration of Foreign Exchange. Photo: Handout

Insurance

Exclusive | Hong Kong ‘excellent hub’ for international insurers to expand

Anil Wadhwani, Prudential’s first CEO to be based in Hong Kong, vows to keep using Hong Kong as centre for expansion in Asia and Africa as the UK insurer charts strong growth in the city in post-Covid-era.

20 Nov 2023 - 3:10PM

Prudential’s business in Hong Kong has thrived at a time when the city’s life insurance sales to mainland Chinese visitors surged 59-fold in the first half. Photo: SCMP Handout

Banking & finance

Distressed asset manager China Huarong buys US$1.7 billion stake in Citic

The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.

16 Nov 2023 - 4:53PM

Artificial intelligence

China’s biggest AI conference this week has lost its shine among US tech giants

Chinese tech giants are the main attraction at the three-day World Artificial Intelligence Conference in Shanghai, as US firms maintain their distance.

3 Jul 2023 - 9:32PMvideocam

China economy

China’s forex regulatory head named Communist Party chief for central bank

Pan Gongsheng likely to be named PBOC governor next, industry insiders tell the Post, with notice also saying incumbent Yi Gang will step down.

1 Jul 2023 - 10:00PMvideocam

The appointment of Pan Gongsheng will help to “maintain the continuity” of China’s monetary policy, according to industry insiders. Photo: Reuters

Xiongan New Area

Officials survey state-owned enterprises to aid Xi’s push to Xiongan

Xiongan New Area plan viewed with suspicion because it is not near any regional commercial hub and workers do not want to move from China’s capital, says analyst.

13 Jun 2023 - 6:37PMvideocam

Banking & finance

China’s crackdown on high-flying bankers sends jitters across brokerage industry

Executives in the banking and brokerage sectors have taken massive pay cuts, with the Communist Party’s top disciplinary watchdog warning that pay in the sector was much higher than in other industries.

9 May 2023 - 2:54PM

IPO

10 IPO stocks surge in China’s busiest day of market debuts in 16 months

China’s onshore stock market ushered in its busiest day for IPOs in 16 months, with 10 debutants surging by at least 48 per cent in Shanghai and Shenzhen trading.

10 Apr 2023 - 4:05PM

People walk past a large screen showing stock exchange data in Shanghai. The Shanghai Composite Index has risen 15 per cent from an October low. Photo: EPA-EFE

Banking & finance

Deloitte China unit fined US$31 million for Huarong auditing failures

Deloitte Hua Yong has been fined 212 million yuan (US$31 million) for failures in audit work conducted at China Huarong Asset Management, China’s ministry of finance says.

18 Mar 2023 - 12:11AMvideocam

The headquarters of China Huarong Asset Management Company in Beijing. Hong Kong-listed Huarong was fined 100,000 yuan by the ministry. Photo: Shutterstock Images

Banking & finance

China’s new regulatory watchdog to nip ‘arbitrage’ by financial giants: Goldman

The proposed new national regulatory body will be in the spotlight given its consolidated authority over financial institutions and its potential to lead reform, according to Goldman Sachs.

8 Mar 2023 - 6:05PMvideocam

Two Sessions 2023

China’s Xi Jinping seen to tighten Communist Party grip with cabinet reform

NPC to give stamp of legitimacy to State Council reform plan and new leadership line-up as its annual session continues this week.

7 Mar 2023 - 9:40AMvideocam

Tencent

Tencent and China Unicom get Beijing’s nod for public-private JV

The joint venture will focus on content delivery networks and technologies such as edge computing.

2 Nov 2022 - 9:56PM

Market regulator has approved JV between Tencent and China Unicom. Photo: Shutterstock

China’s 20th Party Congress

Economic and finance shake-up on China’s Central Committee

Reshuffle follows Central Committee retirements, banking crises and Xi Jinping’s anti-corruption campaign but scope of changes prompts uncertainty.

22 Oct 2022 - 8:16PMvideocam

The list of new Central Committee members published after the 20th party congress reveals big changes to finance and economic representation and raises questions about how China will navigate a difficult period. Photo: Reuters

Bonds

Kaisa makes progress on US$18 billion debt revamp, aims to publish accounts

Kaisa Group reported some progress in its debt restructuring efforts, following agreements with undisclosed onshore creditors. Offshore creditors may need to wait longer for some good news.

26 Jul 2022 - 5:44PMvideocam

Alibaba

Alibaba, Ant executives end partnership as fintech unit seeks IPO greenlight

Alibaba said all top executives of its fintech affiliate Ant Group are no longer members of its partnership structure, as the latter awaits Beijing’s approval to transform into a financial holding group.

26 Jul 2022 - 1:31PM

Help preserve 120 years of quality journalism.

SUPPORT NOW

CITIC Group

Trump’s China visit opens door to ‘casual’ networking between business chiefs

Sources say Beijing’s exclusive Capital Club has been reserved for networking opportunities in a ‘less formal’ setting during state visit.

From ghost to giant: long skyscraper saga nears finish amid China property woes

Citic Securities claims top spot in Asia-Pacific investment banking for 2025

.css-1t72pn8{color:#C79A00;}Video | Ex-Chinese banker executed for taking bribes

Bai Tianhui was the second senior figure from Huarong to be sentenced to death and was executed on December 9, 2025.

Former Chinese senior banker executed for taking US$155 million in bribes

Bai is the second senior figure from Huarong to be put to death for corruption following the execution of Lai Xiaomin in 2021.

.css-19im5qg{color:#c79a00;}Exclusive | China’s wealthy flock to Hong Kong for global investments, banker says

China Citic Bank International invests in new private banking centre as cross-border wealth customers triple, Wendy Yuen says.

What AI means for young bankers: fewer entry roles, but faster career paths

AI might be trimming entry roles, but recruiters say graduates with the right mix of technical and soft skills are still in demand.

China’s new hope in breaking reliance on foreign chipmaking machines

Advanced lithography remains a significant bottleneck for China, but a new company founded in February offers new optimism.

Hot Shanghai property market defies national slump, led by luxury homes

Luxury developments such as One Central Park fetch high prices from rich buyers who are undeterred by economic uncertainty.

Chinese sovereign wealth fund private-equity head moves to Citic

Bao Jianmin is now listed as deputy general manager and a member of the Communist Party committee at the investment company.

Citic enlarges Saudi Arabia footprint with 3,500-flat Riyadh project

The project, also called Khuzam Hills, comprises several phases, the first of which is scheduled for delivery in 2026, according to the website of Citic’s partner Rafal.

China won’t ‘pull the carpet’ on Myanmar junta over resistance’s olive branch

Myanmar’s shadow government says it wants to work with China on issues ranging from investments to cross-border crime.

China, Myanmar renew hopes for Kyaukphyu deep water port under belt and road plan

Port expected to allow Beijing to bypass South China Sea for oil imports is cited as ‘major part’ of 1,700km China-Myanmar Economic Corridor.

Facing ‘huge challenges’, China names finance veteran Zhu Hexin new forex chief

Zhu Hexin’s political pedigree is a bit different than some of his predecessors, starting with a factory job and working his way to the upper echelon of Chinese finance.

Exclusive | Hong Kong ‘excellent hub’ for international insurers to expand

Anil Wadhwani, Prudential’s first CEO to be based in Hong Kong, vows to keep using Hong Kong as centre for expansion in Asia and Africa as the UK insurer charts strong growth in the city in post-Covid-era.

Distressed asset manager China Huarong buys US$1.7 billion stake in Citic

The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.

China’s biggest AI conference this week has lost its shine among US tech giants

Chinese tech giants are the main attraction at the three-day World Artificial Intelligence Conference in Shanghai, as US firms maintain their distance.

China’s forex regulatory head named Communist Party chief for central bank

Pan Gongsheng likely to be named PBOC governor next, industry insiders tell the Post, with notice also saying incumbent Yi Gang will step down.

Officials survey state-owned enterprises to aid Xi’s push to Xiongan

Xiongan New Area plan viewed with suspicion because it is not near any regional commercial hub and workers do not want to move from China’s capital, says analyst.

China’s crackdown on high-flying bankers sends jitters across brokerage industry

Executives in the banking and brokerage sectors have taken massive pay cuts, with the Communist Party’s top disciplinary watchdog warning that pay in the sector was much higher than in other industries.

10 IPO stocks surge in China’s busiest day of market debuts in 16 months

China’s onshore stock market ushered in its busiest day for IPOs in 16 months, with 10 debutants surging by at least 48 per cent in Shanghai and Shenzhen trading.

Deloitte China unit fined US$31 million for Huarong auditing failures

Deloitte Hua Yong has been fined 212 million yuan (US$31 million) for failures in audit work conducted at China Huarong Asset Management, China’s ministry of finance says.

China’s new regulatory watchdog to nip ‘arbitrage’ by financial giants: Goldman

The proposed new national regulatory body will be in the spotlight given its consolidated authority over financial institutions and its potential to lead reform, according to Goldman Sachs.

China’s Xi Jinping seen to tighten Communist Party grip with cabinet reform

NPC to give stamp of legitimacy to State Council reform plan and new leadership line-up as its annual session continues this week.

Tencent and China Unicom get Beijing’s nod for public-private JV

The joint venture will focus on content delivery networks and technologies such as edge computing.

Economic and finance shake-up on China’s Central Committee

Reshuffle follows Central Committee retirements, banking crises and Xi Jinping’s anti-corruption campaign but scope of changes prompts uncertainty.

Kaisa makes progress on US$18 billion debt revamp, aims to publish accounts

Kaisa Group reported some progress in its debt restructuring efforts, following agreements with undisclosed onshore creditors. Offshore creditors may need to wait longer for some good news.

Alibaba, Ant executives end partnership as fintech unit seeks IPO greenlight

Alibaba said all top executives of its fintech affiliate Ant Group are no longer members of its partnership structure, as the latter awaits Beijing’s approval to transform into a financial holding group.

Video | Ex-Chinese banker executed for taking bribes

Exclusive | China’s wealthy flock to Hong Kong for global investments, banker says