As a wholly-owned subsidiary of CITIC Group, CITIC Bank has made remarkable achievements in recent years, which can be said to have made great contributions to CITIC Group. In June 2005, CITIC Industrial Bank was renamed as CITIC Bank.
In terms of asset value, CITIC Bank is currently the seventh largest bank in the Mainland. Relevant data show that by the end of 2005, the bank's operating profit reached 6.334 billion yuan, bank assets reached 665.438+06.545 billion yuan, the balance of various deposits was converted into 530.96438+09 billion yuan, and the balance of various loans was converted into 370.675 billion yuan.
We all know the six state-owned enterprises such as ICBC and CCB, so what is the background of CITIC Bank? In fact, it is a holding subsidiary of CITIC Group, a wholly state-owned enterprise. Compared with the six major state-owned banks, CITIC Bank is really not at the same level.
From 2065438 to 2009, CITIC Bank realized operating income of1875.8 billion yuan, up by13.79% year-on-year; The net profit attributable to shareholders was 48.0/kloc-0.50 billion yuan, an increase of 7.87% over the previous year. Whether in revenue or net profit, the six major banks are much higher than CITIC Bank, especially the four major banks of industry, construction, China and agriculture, with net profit as high as hundreds of billions.
In March, China Banking Association released the ranking of national 100 banks in 20 19 years, and CITIC Bank ranked 1 1, with assets exceeding 6 trillion yuan, customer deposits reaching 4.04 trillion yuan, and the total number of individual customers exceeding 1 00 million. Therefore, for hundreds of millions of individual users, the importance of privacy is self-evident.
In addition, CITIC Bank's per capita salary in 20 19 was 468,700, surpassing the six major banks and ranking fifth among A-share listed banks, second only to Ping An Bank, Zheshang Bank, China Merchants Bank and Minsheng Bank.
CITIC Group, the parent company of CITIC Bank, has a strong background. It is a vice-ministerial enterprise and a wholly state-owned company with total assets exceeding 7 trillion. In the Fortune Global 500 in 20 19, CITIC Group ranked 137, and its revenue reached 501400 million RMB.
CITIC Group was founded by Mr. Rong Yiren on 1979 with the advocacy and support of Mr. Deng Xiaoping. CITIC Group was established under the background of China's reform and opening-up, and it is in urgent need of absorbing and utilizing foreign capital, introducing advanced technology, equipment and management experience, and Rong Yiren just has the resources in this field.
Rong Yiren's "Rong family", the first generation of Rong and Rong Desheng, was the famous "king of flour" and "king of cotton spinning" before liberation. After the founding of New China, Rong Yiren served as vice mayor and vice minister of textile industry.
From the founding of New China to the reform and opening up, many members of the Rong family have done business overseas, such as Rong's business in the United States, Rong's business in Australia, Rong Hongyuan's business in flour in Brazil, and Rong Hongqing's business in textiles and real estate in Hong Kong. Rong's children run enterprises in various overseas countries, and Rong Yiren has unique resources in this respect.
Therefore, Mr. Rong Yiren served as the first chairman and led the initial development of CITIC Group. After more than 40 years' development, CITIC Group has become a large multinational enterprise group with many businesses, involving financial and industrial fields, with 65,438+076 subsidiaries and 65,438+02 listed companies.
CITIC Bank has a revenue of hundreds of billions a year, which can be regarded as the largest subsidiary of CITIC Group. In addition, CITIC Securities is also an important business of CITIC Group, with a current market value of 302.6438+0.6 billion, which is a very high market value company. In the past 20 19, the per capita salary of CITIC Securities was 792,000 yuan, ranking first in the securities industry. CITIC Jiantou Securities, CITIC Jintong Securities and citic wantong Securities are all subsidiaries.
Trust business includes CITIC Trust, insurance business includes Prudential Life Insurance and Tianan Insurance, and fund business includes Huaxia Fund and CITIC Fund. Non-financial businesses include CITIC Real Estate, as well as highways, docks, engineering contracting, energy and so on.
CITIC Group once acquired shares of Cathay Pacific Airways in Hong Kong and is still the second largest shareholder, holding 17.5%. It also acquired Pacific Development and changed its name to CITIC Pacific. This Hongkong-listed company was once run by Rong Yiren's son Rong Zhijian, who twice became the richest man in China. In addition, CITIC Group also acquired a 20% stake in Hong Kong Telecom and became the second largest shareholder. Acquisition of Hong Kong's most famous established foreign firm Changheng enterprise.