Banks generally require customers to upload relevant consumption vouchers. If the customer does not upload, CITIC Bank is likely to require the customer to pay off the installment balance in one go, then terminate the contract early, and may also charge liquidated damages.
Therefore, after receiving the notification requesting to upload the consumption voucher, the customer must remember to upload the consumption voucher in time. Invoices, receipts, credit card slips, supermarket shopping receipts, transaction contracts, etc. can all be uploaded as consumption vouchers.
The amount of consumption vouchers uploaded cannot be less than 90% of the applied loan amount, and the number of consumption vouchers uploaded for each installment order cannot exceed ten.
CHINA CITIC BANK, formerly known as CITIC Industrial Bank, was founded in 1987 and changed to its current name at the end of 2005. CITIC Bank is one of China's national commercial banks, headquartered in Beijing.
The People's Bank of China has approved CITIC Bank as a state-owned comprehensive bank affiliated with CITIC Corporation. It is a subsidiary of CITIC Corporation and an independent legal person. Registered capital is RMB 800 million. Implement independent operations, independent accounting, and be responsible for profits and losses. Branches can be established at home and abroad to operate approved banking services.
The major shareholder is CITIC Corporation of China. Spanish Bank of Spain (Banco Bilbao Vizcaya Argentaria, S.A BBVA) spent 501 million euros (approximately HK$5.02 billion) to purchase a 5% stake in China CITIC Bank, and also has the option to increase its shareholding in China 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 more than HK$1.2 trillion, more than 16,000 employees and more than 540 branches. It is one of the six lines and three guarantees for Chinese financial stocks in Hong Kong.
In November 2015, China CITIC Bank cooperated with Baidu to jointly establish a direct selling bank. The proposed name of the direct selling bank is "Baixin Bank Co., Ltd." The investors are CITIC Bank and Fujian Baidu Borui Network Technology Co., Ltd. The registered capital is tentatively set at 2 billion yuan, and it is planned that CITIC Bank will have absolute control.
On November 18, 2015, Baidu and CITIC Group jointly announced a strategic cooperation at the Diaoyutai State Guesthouse. Baidu and CITIC Bank, a subsidiary of CITIC Group, initiated the establishment of Baixin Bank. This is China's first direct bank launched by an in-depth cooperation between an Internet company and a traditional bank. It marks a milestone step for Baidu in financial services, a vertical service field with the largest capacity and greatest growth potential. The establishment of Baixin Bank is also of landmark significance in the development of China's banking industry, creating a new model of "Internet + Finance".
From December 1, 2015, CITIC Bank customers will usher in the era of "free online banking transfers". The bank announced that it will officially launch the free domestic transfer service of personal online banking from now on. All the bank's customers who handle domestic transfers through personal online banking, including long-distance and inter-bank transfers, will enjoy "0" handling fee discount.