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What is the development process of CITIC Bank?
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, headquartered in Beijing, and its main shareholder is China CITIC Group Corporation. Banco Bilbao Vizcaya Argentina (S.A. BBVA) invested 50,654.38 billion euros (about HK$ 5.02 billion) to buy 5% of the shares of CITIC Bank, or it may choose to increase its shareholding in CITIC Bank to 10.07%. On April 19, 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+0,200 billion, employees exceeding 65,438+0,600 and more than 540 branches. It is one of the six banks and three guarantees for Chinese financial stocks in Hong Kong.

Background of establishment

CITIC Bank, formerly known as CITIC Industrial Bank, was established in 1987, which was one of the earliest emerging commercial banks established in China during the reform and opening up period. With the rapid development of China's economy, CITIC Industrial Bank has gradually grown up in the tide of financial market reform in China. In August 2005, it was officially renamed as "China CITIC Bank".

At the end of 1984, with the need of economic development, Mr. Rong Yiren, the chairman of China International Trust and Investment Corporation (hereinafter referred to as CITIC Corporation), wrote to the Central Committee specifically, requesting to set up a bank under CITIC Corporation to fully operate foreign exchange banking business. With the consent of the People's Bank of the State Council and the People's Bank of China, we will set up a banking department to expand foreign exchange banking business and do a good job in preparation.

1In April, 1985, CITIC Company established the Banking Department on the basis of the former Finance Department, and further expanded the comprehensive banking business such as external financing, foreign exchange trading, loan issuance, international settlement, financial leasing and deposit absorption. Since its establishment two years ago, the banking department has made great progress with the strong support and help of the People's Bank of China and the State Administration of Foreign Exchange. Through handling RMB and foreign exchange deposits, loans, import and export letters of credit, international leasing, securities and foreign exchange transactions, foreign exchange and other businesses, I have accumulated some experience and initially met the conditions for setting up a bank.

1986 at the end of may, citic company applied to the people's bank of China to reorganize the banking department of citic company into citic industrial bank. At the beginning of 1987, CITIC Bank was formally established with the approval of the People's Bank of the State Council and China. Headquartered in Beijing.

1In April, 1987, the People's Bank of China approved CITIC Bank as a state-owned comprehensive bank, a subsidiary of CITIC Company, with independent legal personality. The registered capital is 800 million yuan. Self-management, independent accounting, self-financing. You can set up branches at home and abroad to operate approved banking business.

Mr. Rong Yiren, former vice president of China, is honorary chairman of CITIC Bank.

Founding time

1On February 28th, 987, the General Office of the State Council approved the establishment of CITIC Industrial Bank.

On March 7, 2007, the People's Bank of China approved the establishment of CITIC Industrial Bank.

On April 10, the People's Bank of China issued the financial business license of CITIC Industrial Bank.

On April 14, Rong Yiren, Chairman of CITIC Company and Honorary Chairman of CITIC Industrial Bank, held a press conference and announced that the former banking department of CITIC Company was changed to "CITIC Industrial Bank" with the approval of the People's Bank of the State Council and China. CITIC Industrial Bank opened in April.

On April 2 1, the State Administration of Foreign Exchange approved the foreign exchange business scope of CITIC Industrial Bank.

On April 22nd, the State Administration of Foreign Exchange issued a foreign exchange business license to CITIC Industrial Bank.

On April 29th, the State Administration for Industry and Commerce issued the industrial and commercial business license of CITIC Industrial Bank.

On May 17, Xinhua News Agency announced the opening of CITIC Industrial Bank.

On September 16, CITIC Bank held an official opening reception in Beijing International Building. Yang, Vice Premier, Vice Premier Tian Jiyun, State Councilor Chen and other leading comrades attended the reception. Rong Yiren, then Chairman of CITIC Group and Honorary Chairman of CITIC Bank, presided over the meeting, and Chen, then State Councilor and Governor of the People's Bank of China, made a speech.

Major event record

1987 65438+On February 4th, CITIC Bank issued1500 million euro yen bonds for CITIC Company for the first time in London, England. |

In the same month, it cooperated with Pratt & Whitney Securities Investment Co., Ltd. to carry out civil aviation leasing business, which was the first time that the domestic leasing industry cooperated with foreign countries to engage in aircraft leasing business.

1On August 4th, 988, CITIC Bank issued RMB financial bonds for the first time, totaling 30 million yuan.

1In April, 1989, CITIC Bank took the lead in opening the information systems of Reuters and Associated Press at the same time to conduct international financial transactions.

19911kloc-0/on October 30th, China citic bank issued floating rate yen bonds for the first time in Tokyo, Japan.

1March 1992, CITIC Bank took the lead in developing fast remittance and instant payment services in China. In May of the same year, CITIC Bank set up the first foreign exchange ATM in China.

[6]1In July, 1993, China CITIC Bank and the Ministry of Finance signed the second phase of underwriting agreement on national debt (non-physical), with an underwriting amount of150 million yuan, and the first batch was granted the qualification of People's Republic of China (PRC) (PRC) national debt dealer recognized by the Ministry of Finance.

1On July 29th, 993, CITIC Bank issued a US$ 250 million yankee bonds on behalf of CITIC Company in new york, USA. This is the first time that China enterprises have entered the US market to issue public bonds since 19 1 1.

1On March 9, 1994, CITIC Bank cooperated with American Express Company to carry out the express remittance payment service, which was the first bank in China to carry out this service.

By the end of 1994, CITIC Bank was the only financial institution in China to underwrite foreign bonds. At that time, he had participated in underwriting 23 foreign bonds with sales of 386 million US dollars.

199465438+In February, CITIC Bank issued commercial paper to Japanese financial institutions on behalf of CITIC Company, and successfully raised loans of 50 million US dollars and 5 billion yen, which was the first time that China enterprises issued commercial paper overseas with their own reputation.

1995165438+10, China citic bank and Lehman brothers co., ltd. jointly took the lead in underwriting the $200 million Xiaolong debt of Ford motor company, creating a precedent for China financial institutions to participate in underwriting foreign corporate bonds and take the lead in issuing them.

1996 65438+ 10, CITIC Bank participated in the national unified interbank lending trading system as the first member, and completed the first transaction with special significance on the first trading day with fast and accurate operation.

From June 65438 to June 1996, CITIC Bank successfully launched the first all-teller system in China, implemented face-to-face service, and took the lead in launching new business of commercial banks such as private wealth management to provide comprehensive financial services for large depositors.

1In March 1998, CITIC Bank signed a memorandum with the US Embassy in China, according to which the branches of CITIC Bank in Beijing, Shanghai, Guangzhou, Chengdu and Shenyang collected visa application fees on behalf of the US Embassy. The development of this business has had a positive social impact at home and abroad, and our bank is the only bank in China to carry out this business.

From June 65438 to June 0998, CITIC Bank, as the only commercial bank invited by Diaoyutai State Guesthouse, participated in the reception of US President Bill Clinton and his party during their visit to China. Citic Bank has won the praise and banner of "make great efforts and provide first-class service" with its rigorous work style, standardized service standards and warm and thoughtful 24-hour all-weather service.

1999, CITIC Bank officially launched the CITIC Debit Card, realizing nationwide communication, bank-wide communication and bank-to-bank communication, with one card for multiple users, one card for multiple functions and one card for multiple purposes. "Wealth management treasure" is favored by the market for its advantages of compound intelligent wealth management, and has been officially approved by the State Administration for Industry and Commerce as a national registered trademark, becoming the first registered trademark in the field of financial services.

In 2000, CITIC Bank launched CITIC Credit Card, which is a multifunctional bank card integrating credit granting, withdrawal, transfer and consumption. Consume first and then repay, giving cardholders real bank credit and realizing international integration.

In July, 2000, CITIC Bank, as the first bank in China to pass the certification of China Financial Certification Center, officially opened online banking service.

In 200 1 year, CITIC Bank assisted CITIC Company to successfully issue 10-year bonds with a total amount of 3.5 billion yuan in the inter-bank bond market. This is the first bond underwritten by the bank as the lead underwriter.

In July and September of 20001year, under the active initiative of CITIC Bank, 10 domestic joint-stock commercial banks reached a consensus of diversification, all-round sincere cooperation and complementary advantages in business, capital, information, management and talents, and jointly signed Changsha Declaration and Suzhou Agreement.

In July, 20001,CITIC Bank ranked 3 18 in the ranking of Banker magazine, making it the largest bank in the world. In the "Financial Strength Rating" of Moody's, an internationally renowned consulting firm, CITIC Bank has obtained the highest rating from domestic commercial banks.

On June 5438+ 10, 2002, the Trademark Office of the State Administration for Industry and Commerce officially issued a trademark registration certificate to CITIC Bank, confirming that "Wealth Management Bao" of CITIC Bank is a registered trademark recognized by the State Administration for Industry and Commerce, and the approved service scope includes credit card issuance, credit card services and financial services.

In February 2002, China CITIC Bank Hangzhou Branch was awarded the title of "National Advanced Unit in Financial Civilization Construction" by the Spiritual Civilization Construction Committee of the Central Financial Working Committee.

In July 2002, Banker magazine ranked the world's largest 1 0,000 tier-one capital banks, and CITIC Bank ranked 29th1,making it into the top 300 global banks for the first time.

20021October 28th, 165438+ The signing ceremony of the unified information platform project between CITIC Holding Company and CITIC Bank was held in Beijing. This cooperation marks that the bank has become the first bank in China to introduce international advanced core business systems as a whole and realize complete data concentration of software and hardware. At the same time, this project is also one of IBM's largest service projects in China.

In July 2003, CITIC Bank ranked first among domestic banks in the latest ranking of global banks by Banker magazine.

On June 6th, 2003, 10, "Happy Ranger Tour 2003" was successfully concluded.

On June 25th, 2003, 165438+ the amount of foreign exchange received and paid by the business department of the Head Office exceeded the10 billion mark.

On June 8, 2003, CITIC Bank held a press conference on CITIC Star Credit Card in Beijing. Chairman Wang Jun presented the first CITIC Star Platinum Card to Mr. yan wang, President and CEO of Sina.

On April 27th, 2007, CITIC Bank was listed on both Shanghai and Hong Kong stock exchanges. It is another mainland bank that listed A+H at the same price after ICBC, and it is also the ninth bank stock in the A-share market.

On June 5438+1October 65438+February, 2009, CITIC Bank was awarded the "Top Ten Influential Brands of Financial Services for SMEs in China".

On June 30, 2009, President Chen Xiaoxian attended the signing ceremony of cooperation between China and the West in the fields of finance, aviation, energy and telecommunications.

On June 365438+1October 3 1 day, 2009, CITIC Bank was awarded the "Most Influential Brand of the Year" award by golfweek.

In February 2009, President Chen Xiaoxian was elected as the "Top Ten Financial Figures in China" for the fourth time in a row.

In February 2009, CITIC Bank won the title of "Excellent Trading Member" in the 2008 national inter-bank bond market.

In February, 2009, CITIC Bank was selected as the Banker's Top Brand Value 100 for the first time.

On February 12, 2009, CITIC Bank won the award of "The Most Popular Real Estate Finance and Credit Institution in China".

On February 18, 2009, CITIC Bank successfully launched the multi-bank fund management system.

On February 28th, 2009, at the awarding ceremony of "2008 China Financial Marketing Award", CITIC Bank won four honors, including "Best Corporate Social Responsibility Award".

On March 3, 2009, Shenzhen Branch of CITIC Bank Private Bank was grandly opened.

On March 5, 2009, CITIC Bank Credit Card Center won the "2008 Excellent Enterprise Award" issued by VISA International Card Organization.

On March 12, 2009, CITIC Bank signed a comprehensive strategic cooperation agreement with the Ministry of Railways.

On March 15, 2009, CITIC Bank won seven awards in the 2008 inter-bank foreign exchange market of China Foreign Exchange Trading Center.

On March 17, 2009, CITIC Bank won four awards in the second comprehensive financial rating list of China.

In April 2009, CITIC Air China Yin Zhi Credit Card won the "Top Ten Financial Products Award".

On April 9, 2009, the new generation cash management service platform of CITIC Bank was successfully launched.

On April 15, 2009, CITIC Bank ranked among the best in the regulatory rating in 2008.

On April 18, 2009, CITIC Bank won the Best Investment Bank Award of Securities Times.

In May 2009 and 2008, the data integrity of CITIC Bank's personal credit information system ranked first among similar banks.

On May 8, 2009, CITIC Bank announced that it had signed a share purchase agreement with CITIC Group and Gloryshare Investments (a wholly-owned subsidiary of CITIC Group), agreeing to acquire 70.32% equity of CITIC International Financial Holdings Limited (hereinafter referred to as CITIC Guo Jin) at a cash consideration of HK$ 65.438+03.563 billion, with a P/B ratio of 654.38+0.43 times. CITIC Guo Jin is an investment holding company, spanning many financial services fields, with assets of about HK$ 654.38+050 billion. Under the financial crisis in 2008, it still maintained a positive growth in operating profit, with a profit of 654.38+0.27 billion. At the same time, CITIC Guo Jin holds all the shares of CITIC Ka Wah Bank, 40% of CITIC International Asset Management Co., Ltd. and 50% of CITIC Capital Holdings Co., Ltd. The acquisition was evaluated by the senior management of CITIC Bank as "acquiring the right target at the right time and at the right price" through CITIC Ka Wah in Hong Kong, which is also an important step for the bank to go overseas and promote its internationalization strategy. In this regard, analysts from many institutions, including Goldman Sachs, Morgan Stanley, CICC, Deutsche Bank and Bank of China International, gave positive comments.

On June 0 1 2009, the computer room of Xi 'an Remote Disaster Recovery Center of CITIC Bank was officially opened.

On June 3, 2009, the 5.2 version of CITIC Bank's personal online banking was officially launched.

On June 25, 2009, CITIC Bank took the lead in promoting the "return card" for overseas financial exclusive debit cards.

Since 2004, Chen Xiaoxian has been the managing director and deputy general manager of China CITIC Group Corporation, the executive director of CITIC Holdings Limited and the president of CITIC Bank.

20 12 On August 7th, after Chen Xiaoxian took charge of CITIC Bank for eight years, CITIC Bank will welcome a new head, and Zhu, executive director and vice president of CCB, will become the new president. Zhu's appointment will be announced soon.