Banking history of CITIC Ka Wah Bank

CITIC Ka Wah Bank Limited is a wholly-owned subsidiary of CITIC International Financial Holdings Limited (CITIC International Financial Holdings), and 56% of the interests of CITIC International Financial Holdings are held by China CITIC Group Corporation (CITIC Company). With the strong backing of CITIC Company, the Bank has continuously created excellent and diversified financial products and services to meet the investment and wealth management needs of different customers, and its long-term goal is to become a leading financial service provider that brings extraordinary value to customers. The history of the bank can be traced back to1February 2, 922, when the late Dr. Lin Zifeng founded Jiahua Bank in Guangzhou. The name of the bank was taken from the then Jian 'antang and Nanhua Company.

1924 65438+February, the Bank was incorporated in Hong Kong as a limited company in the name of Ka Wah Savings Bank with a paid-in capital of HK$ 500,000. Its headquarters is located at 208-2 10 Des Voeux Road Central, Hong Kong. Guangzhou Ka Wah Bank became the Guangzhou branch of Ka Wah Savings Bank, and its main business includes deposit and remittance. Two years later, it was renamed Ka Wah Bank Public Limited. Our headquarters is located on the 22nd floor of Des Voeux Road Central, Hong Kong.

1980, a brand-new 22-storey self-occupied property located at 232 Des Voeux Road Central, Hong Kong was completed. On June 10 of the same year, after the head office moved in, all operations were computerized immediately. 1 in July, 1980, the bank publicly issued 35 million ordinary shares, each with a par value of 1 yuan and a premium of1femoral triangle, and then listed on the Hong Kong Stock Exchange. The Bank's business continues to develop, and the number of branches in Hong Kong and overseas is increasing. Besides opening branches in Los Angeles and new york, we also set up representative offices in Toronto and Xiamen, Fujian. By the end of 1985, the bank had 26 branches and 4 overseas offices in Hong Kong. Its wholly-owned subsidiaries include Jiahua International Finance Co., Ltd. and Jiahua Anmei Insurance Co., Ltd., which is a joint venture with Dutch Anmei Insurance Group.

1985 was a turbulent year for the banking industry in Hong Kong. All small and medium-sized banks have financial difficulties, and Ka Wah Bank is no exception. 1986 On April 2 1, the bank signed an agreement with CITIC Company, and CITIC Company injected HK$ 350 million into the bank, enabling the bank to continue its normal operation. Under the leadership of experienced and competent management, the Bank has continued to grow and become a well-managed local medium-sized bank, ranking among the top 1000 banks in the world. 1July 30, 1998, the Bank officially changed its name to CITIC Ka Wah Bank Co., Ltd., and in the same year 1 1 month, it launched a brand-new corporate image, symbolizing new corporate values and culture, and fully embodying the spirit of determined reform and innovation.

199965438+February, the Bank was rated by an international rating agency for the first time. Long-term and short-term foreign currency deposits were rated by Moody's Investment as Baa2 and Prime-3, respectively, with a financial strength rating of D and a stable outlook rating. The rating shows that the bank's financial position is good, and it also affirms the positive development and reform work in the past. On June 5438+ 10, 2000, the bank successfully launched a new arrangement for issuing15 billion certificates of deposit. This is the bank's largest deposit certificate issuance arrangement and one of the bank's long-term strategies to strengthen asset and liability management. In July, 20001year, the Bank issued the first $300 million 10-year post-payment bill in the world, which is one of the tasks of sustainable and effective capital management and received an ideal market response.

Based on a proactive business expansion strategy, the Bank acquired the Hong Kong Chinese Bank Limited (hereinafter referred to as "Chinese Bank") at a cost of HK$ 4.2 billion in June 2002. Moody's Investment, which adjusted the bank's financial strength rating from D to D+ in May 20001year, also confirmed the bank's Baa2 credit rating after the announcement of the acquisition plan. In order to make more effective use of CITIC's domestic network and advantages and grasp the unlimited business opportunities brought by China's entry into WTO, in February 2002, the bank announced the reorganization of the group structure and financial holding company, which was responsible for commercial banks, investment banks and asset management. In February 2002, the Bank also signed a letter of intent for cooperation with CITIC Industrial Bank, and established a long-term and comprehensive business cooperation relationship.

Kong Dan, the chairman of the Bank, Chang, the former executive vice chairman, and the former managing director and chief executive officer of Hong Kong Chinese Bank attended the press conference announcing the acquisition of Hong Kong Chinese Bank.

In May 2002, the Bank successfully issued a perpetual deferred bill of US$ 250 million, which is the first perpetual upper tier II capital bill in Asia outside Japan.

On June 25th, 2002, CITIC Jiahua and Bank of China completed the legal and business integration. The banking integration of the two banks is carried out through private supervision. The CITIC Ka Wah Bank Limited (Merger) Ordinance was enacted on July 19, 2002. According to this regulation, most of the assets and liabilities of CITIC Jiahua were transferred to Bank of China on the merger date specified in 20021October 25th 165438+. On the day of the merger, the China Bank was renamed CITIC Ka Wah Bank Co., Ltd. and continued to operate comprehensive banking business; CITIC Jahwa became a financial holding company, renamed CITIC International Financial Holdings Limited, and continued to be listed on the Hong Kong Stock Exchange.

Chang Yuan's Executive Vice Chairman and President Chen Duolin and CEO, Jiang Shaozhi's successor as CEO, Lu Yongyi's former Executive Vice President, former Executive Vice President and Chairman of China International Finance co-chaired the lighting ceremony of our bank's acquisition of China International Finance Educated Youth Reception.

In July 2003, Hong Kong and the Mainland signed the Closer Economic Partnership Arrangement, which created a new space for Hong Kong banks to explore the mainland market. In order to enter the mainland foreign currency market immediately and gain a more favorable strategic position to enjoy the benefits brought by CEPA, the bank announced in June 2003 that it would spend about 900,000 US dollars (about 6.99 million Hong Kong dollars) to acquire the entire equity of China International Capital Corporation (Shenzhen) (China International Finance), and the acquisition was approved by the China Banking Regulatory Commission in February 2003. At the same time, the CITIC Star Credit Card jointly launched by the bank and CITIC Industrial Bank was also launched in the mainland at the end of 2003, giving full play to the comprehensive advantages and brand effect of CITIC Group's financial business.

In 2006 1 October 0,5438+0, 1, 1 CITIC Ka Wah Bank acquired Hong Kong Chinese Bank (Zhou Xinian) for 4.2 billion yuan, and merged on June1day in 2002, and its assets increased from 59/kloc-0.0 billion yuan to 80 billion yuan.

From 2004 to 2006, CITIC Ka Wah Bank opened branches in Shanghai, Macau and Beijing respectively, and CITIC Ka Wah Bank (China) Co., Ltd. was established on April 14, 2008.

On May 20 10/0, CITIC Ka Wah Bank was renamed CITIC Bank (International).

The Bank's unremitting efforts to provide value-added services to customers in a pioneering and innovative spirit have been widely recognized by the market, and the Bank will continue to be based in Hong Kong. As an enterprising, innovative and customer-oriented institution, the Bank will strive to bring extraordinary value to customers and become a leading financial service institution in Greater China.