China CITIC Bank International

CITIC Bank International Limited
Industry	Banking
Founded	1922; 99 years ago
Headquarters	Hong Kong
Key people	Yang Yu, Chairman ; BI Mingqiang, CEO
Products	A broad spectrum of financial services spanning wealth management, personal banking, wholesale banking as well as global markets and treasury solutions
Parent	CITIC International Financial Holdings
Website	China CITIC Bank International

China CITIC Bank International Limited (Chinese: 中信銀行(國際), CNCBI in short) is a full-service commercial bank in Hong Kong. China CITIC Bank Corporation Limited, via its wholly-owned subsidiary CITIC International Financial Holdings Limited, is CNCBI’s controlling shareholder with a 75% stake. The CITIC Group Corporation of Beijing is CNCBI’s ultimate parent company. In 2018, CNCBI launched its mobile banking platform inMotion. CNCBI has 27 branches and two business banking centres in Hong Kong, as well as international locations. As of 30 June 2021, CNCBI’s total assets stands at HK$406.75 billion.

History[]

2 February 1922: Ka Wah Ngan Ho formed by the late Dr. Lam Chi Fung
December 1924: The Ka Wah Savings Bank Limited incorporated in Hong Kong, fully paid-up capital of HK$500,000, headquartered at 208-210 Des Voeux Road Central
January 1949: Renamed to The Ka Wah Bank Limited
1975: Business expanded rapidly after Mr. Low Chung Sung bought controlling stake and assumed management in the Bank
1980: Listing on the Hong Kong Stock Exchange under stock code 183
1985: 26 branches in Hong Kong, branches in New York and Los Angeles and representative offices in Toronto and Xiamen
1986: HK$350 million capital injection by CITIC Group
1998: Name change to CITIC Ka Wah Bank Limited. Launch of new corporate identity emblematic of the Bank's new corporate values and culture
January 2002: Acquisition of The Hongkong Chinese Bank, Limited for HK$4.2 billion
2004: Opening of first Shanghai Branch to offer foreign currency banking services targeting corporate and retail customers in the Yangtze River Delta region
2005: Opening of Macau Branch to service corporate customers in Pan Pearl River Delta Region
2006: Opening of Beijing Branch to offer diversified range of cross-border solutions and services to customers in Pan-Bohai and northern China regions
2008: CITIC Ka Wah Bank (China) Limited commenced operations and headquartered in Shenzhen
May 2010: CITIC Ka Wah Bank changed its name to CITIC Bank International, marking the completion of CITIC Group's restructuring strategy to align its onshore and offshore commercial banking businesses.
December 2010: CITIC Bank International Singapore Branch was established, signifying a major milestone of the Bank in implementing the regional expansion strategy of our parent China CITIC Bank in building the CITIC commercial banking franchise into a world-leading brand
April 2011: CITIC Bank International launched its borderless Private Banking service, drawing on the unique capabilities of CITIC Group and CNCB, as well as its RMB leadership to serve high net worth clients from Mainland China and Hong Kong
November 2012, the Bank adopted a new logo that embraces the emblem of its parent bank China CITIC Bank, and changed its name into China CITIC Bank International Limited and in Chinese as 中信銀行（國際）有限公司 in a move to underscore its important position as a member of Mainland China's largest conglomerate CITIC Group and as CNCB's offshore platform for international expansion^[1]
2015: China CITIC Bank successfully acquired 29.68% stake in CITIC International Financial Holdings Limited from Banco Bilbao Vizcaya Argentaria, S.A. and assumed indirect ownership of CNCBI
2017: Introduced 5 financial investors to strengthen CNCBI’s capital base and lay a more solid foundation for development with CNCB remaining the Bank’s controlling shareholder after the transaction with a 75% stake while the 5 financial investors have a total of 25%
2018: Launched the Bank’s flagship mobile banking platform inMotion with Hong Kong’s first truly remote account opening services
2020: Opened its first CITICdiamond Banking Centre at Admiralty, enabling customers to enjoy professional services and privileges characteristic of the retail and private banking sectors through an omni-channel approach

inMotion[]

CNCBI has over the years launched various first-in-Hong Kong innovative services, including the standalone security token mobile app CNCBI Token, deposit accounts binding to WeChat Pay Hong Kong Wallet and biometrics-enabled Touch Balance. In 2018, CNCBI again led the market and launched inMotion^[2]， with the truly remote account opening service^[3]], and subsequently launched onto inMotion Hong Kong’s first truly virtual credit card Motion Virtual Credit Card, full-function securities trading mobile app inVest and robo advisory service Robo 360.^[4] As customers’ lifestyle partner of choice, inMotion incorporates the classic MONOPOLY gaming concepts while driving a new trend in mobile banking development.

CNCBI’s inMotion now encompasses a comprehensive suite of simple, convenient virtual banking services including account opening, spending and investment, helping customers to take control of their finances and manage their finances and investments with ease and efficiency, setting their life in motion.

More innovative functions are available on inMotion. These include: