China CITIC Bank board approves major related-party transactions for 2026

China CITIC Bank's board of directors approved several key related-party transactions for 2026. The bank intends to conduct credit-related transactions with China CITIC Financial Asset Management Co., Ltd., totaling no more than CNY 100 bn, and with China Guangfa Bank Co., Ltd., for up to CNY 70 bn. Asset transfer transactions, specifically with CITIC Securities Co., Ltd., for bill re-discounting, are capped at CNY 60 bn.

Furthermore, the board approved significant deposit-related transactions. For 2026, deposit transactions with China CITIC Group Co., Ltd., are set to not exceed CNY 60 bn, with China CITIC Co., Ltd., at CNY 30 bn, and China CITIC Financial Holdings Co., Ltd., at CNY 40 bn. Deposit transactions with CITIC Securities Co., Ltd., and China Securities Co., Ltd., are each capped at CNY 150 bn. The largest approved deposit transaction is with China Tobacco General Corporation, reaching up to CNY 300 bn. These resolutions were passed following the recusal of conflicted directors.