China CITIC Bank
See below for the Latest China CITIC Bank News, Analysis, Profit Results, Share Price Information, and Commentary.
Hong Kong banks report better H2 margins despite CRE risks
Hong Kong banks report better H2 margins despite CRE risks
Margins and income improved in H2 2024 compared to H1..
CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024
Earnings per share is RMB2.00, whilst the final dividend proposed is RMB0.36 per share.
China Citic Bank stays resilient with lower exposure to risky sectors
The bank is less vulnerable to challenges from the property and retail banking segments.
China CITIC Bank and HKA launch travel card
Cardholders can earn up to 26,000 points when spending HK$25,000 within the first 5 months of issuance.
Bank of East Asia taps Bi Ming-qiang as deputy chief executive
He brings 27 years of experience in the banking sector.
Risk mgmt efforts to preserve Citic Group’s capital vs profit pressures
Banking subsidiary to manage “modest growth appetite” despite narrowing margins.
China’s investment banking fees drop 33% as ECM falls to 15-year low
The value of IPOs by Chinese issuers also fell to a decade low.
China CITIC Bank warns against fraudulent website and emails
It has reported the matter to authorities in Hong Kong.
China Citic Bank’s green finance moves require more finesse
It aligns with international frameworks, but some have indirect ties to fossil fuels.
Citic Group’s liquidity ‘sufficient’ for Huarong Financial buyout
By 2023, cash in hand of $3.7b was enough to cover the acquisition.
Loan rate cut weighs on Chinese banks’ interest margins, profits
China Construction Bank, ICBC, and CITIC Bank will be most negatively affected.
NIM to offset China CITIC Bank elevated credit costs: Moody’s
The reopening of mainland China will drive sales of wealth management and insurance products.
China CITIC Bank, FWD Macau establish bancassurance partnership in Macau
This is their first bancassurance collaboration in Macau.
Weekly Global News Wrap: Credit Suisse woos the wealthy with higher deposit rates; Citi cuts jobs
And Goldman Sachs signals possible sale of consumer business assets.
Improved outlooks on the horizon for Chinese finance companies
Policies to slow debt growth and control property prices appear to be working, abating economic risks.
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