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China CITIC BankChina
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This profile is actively maintained
Last update: 2025-02-07 13:51:17
China CITIC Bank branche in Hangzhou. Photo: Raysonho via Wikimedia Commons (CC0 1.0)
Active
This profile is actively maintained
Last update: 2025-02-07 13:51:17
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About
| Website | http://www.citicbank.com |
| Headquarters |
Fuhua Mansion Block C, No. 8 Choayangmen Beidajie, Dongcheng District
100027 Beijing
China
|
| CEO/chair |
Liu Cheng Executive Director & President |
| Supervisor | |
| Ownership |
listed on Hong Kong Stock Exchange & Shanghai Stock Exchange
China CITIC Bank's shareholder structure can be accessed here. |
China CITIC Bank was founded in 1987 and is headquartered in Beijing. It was one of China's first commercial banks that engaged in financing in both domestic and international financial markets. The bank has three subsidiaries: CITIC International Financial Holdings, China Investment and Finance, and Zhejiang Lin'an CITIC Rural Bank. China CITIC Bank provides services in wealth management; credit card services; consumer credit; private banking and corporate banking.
Sustainability
Commitments
Policies
Voluntary standards
China CITIC Bank has no publicly available bank policies, nor does it have a web page on its sustainability commitments. The bank only lists its most recent annual CSR reports.
China CITIC Bank has committed itself to the following voluntary standards:
Dodgy Deals
China CITIC Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of China CITIC Bank's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Videos
The dark side of US LNG
The Dark Side of US LNG is the result of a field mission to the United States to uncover the strong and growing ties between Italy, and in particular Italy's largest banking group, Intesa Sanpaolo, and the American liquefied natural gas (LNG) sector. Interviews by ReCommon. Filming, editing and music: Carlo Dojmi di Delupis. www.recommon.org
Accountability
Grievances
China CITIC Bank does not operate a complaints or grievances channel for individuals or communities that might have been adversely affected by its finance.
This page evaluates China CITIC Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Climate
Banks and Climate
The 2025 Banking on Climate Chaos report showed that CITIC provided $77.7 bn in financing to the fossil fuel industry between 2021 and 2024. In 2024 only, CITIC provided $22.3 bn, including $18.4 bn for oil, gas and coal companies expanding fossil fuels. CITIC was one of the 15 largest fossil fuel financiers in 2024. Find further details on CITIC's fossil fuel portfolio and how it compares to other large banks globally on the Banking on Climate Chaos website below.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of China CITIC Bank’s fossil fuel policy below.
Banks and Nature
Banks and Nature
China CITIC Bank's policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0 out of 10 and ranking it as a laggard. China CITIC Bank achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, China CITIC Bank provided USD 3,328 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 3 million as of 2022. For more information, see the links below.
Forest & Finance Policy Assessment 2022: Overall scores
BankLast update
Country
Score
Ranking
Details
Explanation
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Beef
BankLast update
Country
Score
Ranking
Details
Explanation
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Palm Oil
BankLast update
Country
Score
Ranking
Details
Explanation
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Banks and Steel
Banks and Steel
According to a report by Reclaim Finance, between 2016 and June 2023, CITIC provided $11.5 billion in finance to the fossil-steel industry, making it the 6th largest financier worldwide. Find further details on CITIC's steel financing and how it compares to other large banks globally in the report.
Good Moves
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