China Citic Bank was fined CNY 225 million for 56 regulatory violations. Multiple other banks, asset managers, and insurers were also fined.
December 6, 2023Construction on 38 pre-sold property projects will resume by the end of September. Work will accelerate on 62 other projects already restarted.
September 14, 2022The pilot scheme began in September with 4 domestic banks being allowed to offer retirement wealth management products in four cities.
March 2, 2022China Citic Bank and a Baidu unit are among the latest to be fined. The SAMR's anti-monopoly bureau has been elevated to a separate state-level bureau.
November 25, 2021The scheme provides a supplementary financing option for individuals suffering income loss resulting from the Covid-19 pandemic.
April 28, 2021The penalty is likely related to a complaint by a popular comedian that Citic Bank leaked his personal data on the Internet.
March 26, 2021Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.
September 3, 2020The former relationship manager is said to have falsely represented to customers that an additional fee was needed to open an account with CITIC - which he then pocketed.
August 27, 2020The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.
August 12, 2020Banks have reportedly been directed to reduce their structured deposits to January levels, as part of CBIRC efforts to stamp out abuse of cheap loans.
June 11, 2020