CITIC Bank subsidiary Citic Jintou approved to begin operations

China CITIC Bank Corporation Limited announced on November 23, 2025, that its wholly-owned subsidiary, Citic Financial Asset Investment Company Limited (Citic Jintou), received approval to commence operations. The approval was granted by the National Financial Regulatory Administration on November 21, 2025.

Citic Jintou has a registered capital of RMB 10 billion and is based in Guangzhou, Guangdong Province. Its primary objective is to actively support the development of "tech finance" and contribute to the "five major articles" of finance. The subsidiary will focus on market-oriented debt-to-equity swaps and equity investment businesses, targeting strategic emerging industries and "specialized, refined, distinctive, and innovative" enterprises.

This strategic move is expected to enhance equity investment support for technology innovation companies and the private sector, identifying value in emerging and future industries. It will also significantly boost China CITIC Bank's overall operational capabilities and sustainable development. Further details regarding the establishment of Citic Jintou were previously disclosed on May 9, 2025, and June 4, 2025.