Those that will be derated will be derated. Recently, the China Banking and Insurance Regulatory Commission issued the "Notice on Matters Concerning Serving the Normal Production of the Coal and Power Industry and the Orderly Circulation of the Commodity Market to Ensure the Smooth Operation of the Economy" (hereinafter referred to as the "Notice"

The "Notice" emphasizes that it is necessary to ensure the reasonable financing needs of coal, coal, steel, non-ferrous metals and other production enterprises, and to urge banks and insurance institutions to do their best to ensure the supply of energy and electricity this winter and next spring with financial services to meet the needs of energy and electricity. Supply reasonable capital needs, actively support major coal-producing areas and key coal enterprises to increase the supply of thermal coal, and ensure that the people have a warm winter. It is strictly prohibited to use bank insurance funds to participate in coal, steel, and non-ferrous metals in violation of regulations. It is strictly prohibited to speculate on high-end consumer goods such as Maotai liquor and precious Pu'er tea. It is strictly prohibited to misappropriate various loans, including operating loans and consumer loans, to speculate on high-end consumer products such as Maotai liquor and precious Pu'er tea. It is strictly prohibited to illegally flow bank insurance funds into the stock market, bond market, and futures market. It is strictly prohibited to use coal that meets the support conditions. Electricity, coal and other enterprises and projects must actively promote the standardized and healthy development of consumer credit, and shall not induce financial consumers to blindly borrow or excessively consume in advance, or infringe upon the rights and interests of financial consumers by inducing "excessive installment" of credit cards. , shall not provide consumer credit products that are significantly higher than market interest rates, and shall not develop consumer credit products that violate public order and good customs, promote bad social habits and unhealthy trends, and urge banking institutions to effectively strengthen and improve credit management, proactively adjust and improve credit policies, and prevent inflated financing. Entry threshold.

In the next step, the China Banking and Insurance Regulatory Commission will consolidate the main responsibilities of banking and insurance institutions, promote self-examination and self-correction, take targeted rectification measures in a timely manner, and build a regular monitoring and inspection mechanism. The China Banking and Insurance Regulatory Commission will maintain a high-pressure supervisory posture and strictly investigate illegal activities such as bank insurance funds being misappropriated for speculation, hoarding, and price gouging. Regulatory measures will be taken in accordance with the law for institutions that fail to conduct self-examination seriously, fail to proactively report, and conduct of egregious nature, and initiate timely actions. Administrative penalty procedures and strict accountability in accordance with laws and regulations

CHINA CITIC BANK, formerly known as CITIC Industrial Bank, was founded in 1987 and changed to its current name at the end of 2005. One of the commercial banks, headquartered in Beijing.

The main shareholder is China CITIC Co., Ltd. (Banco Bilbao Vizcaya Argentaria, S.A BBVA) spent 501 million euros (approximately HK$5.02 billion) to purchase CITIC. Bank 5's equity, you can also choose to increase the shareholding ratio of CITIC Bank to 10.07. On April 27, 2007, CITIC Bank was listed on the Shanghai Stock Exchange. CITIC Bank is the seventh largest bank in mainland China, with total assets of 12,000. With a capital of over HK$16,000, it has more than 16,000 employees and more than 540 branches. It is one of the six banks and three guarantees of Chinese financial stocks in Hong Kong.

On May 9, 2020, the China Banking and Insurance Regulatory Commission announced. The Investors’ Rights and Interests Protection Bureau reported that in March 2020, China CITIC Bank provided personal bank account transaction details to a third party without the customer’s authorization, violating the principle of confidentiality for depositors. Our bureau will start the investigation process in accordance with relevant laws and regulations, and investigate and deal with it strictly in accordance with the law and regulations.