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China CITIC Bank
(0998)
China CITIC Bank (0998) vs. iShares MSCI Hong Kong ETF (EWH)
China CITIC Bank Business Overview & Revenue Model
China CITIC Bank Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 357.14B | 375.89B | 379.30B | 373.76B | 362.59B | 112.92B |
| Gross Profit | 156.58B | 212.78B | 205.15B | 210.80B | 204.32B | 112.92B |
| EBITDA | 83.73B | 85.97B | 79.78B | 77.56B | 69.00B | 0.00 |
| Net Income | 70.14B | 68.58B | 67.02B | 62.10B | 55.64B | 48.98B |
Balance Sheet | ||||||
| Total Assets | 9.90T | 9.53T | 9.05T | 8.55T | 8.04T | 7.51T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 887.49B | 746.93B | 780.36B | 696.80B | 743.22B |
| Total Debt | 2.88T | 260.20B | 1.06T | 1.06T | 1.05T | 801.22B |
| Total Liabilities | 9.16T | 8.73T | 8.32T | 7.86T | 7.40T | 6.95T |
| Stockholders Equity | 718.35B | 789.26B | 717.22B | 665.42B | 626.30B | 544.57B |
Cash Flow | ||||||
| Free Cash Flow | 56.15B | -199.81B | -14.44B | 188.27B | -79.88B | 152.24B |
| Operating Cash Flow | 96.80B | -181.03B | -918.00M | 195.07B | -75.39B | 156.86B |
| Investing Cash Flow | -204.24B | -29.53B | 1.89B | -115.87B | -206.79B | -218.25B |
| Financing Cash Flow | 88.23B | 220.80B | -63.10B | -32.54B | 219.92B | 45.97B |
China CITIC Bank Technical Analysis
China CITIC Bank Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$214.50B | 4.57 | ― | 5.53% | -8.41% | -5.52% | |
68 Neutral | HK$288.99B | 20.23 | 9.20% | 4.61% | 4.44% | -15.39% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | HK$437.75B | 5.32 | 9.71% | 5.76% | -5.46% | 0.33% | |
62 Neutral | HK$651.89B | 5.98 | 9.30% | 5.37% | -1.54% | -3.95% | |
60 Neutral | HK$436.02B | 10.81 | 12.04% | 5.80% | 1.90% | 12.81% | |
57 Neutral | HK$181.83B | 5.48 | 5.16% | 9.09% | -7.28% | -5.00% |
China CITIC Bank Corporate Events
China CITIC Bank reported preliminary 2025 annual results showing modest profit growth alongside slower revenue performance, with total operating income edging down 0.55% year-on-year to RMB 212.475 billion while operating profit and total profit rose 3.39% and 3.93% respectively. Net profit attributable to equity holders increased 2.98% to RMB 70.618 billion, supported by higher total assets, which expanded 6.28% to RMB 10.13 trillion, and a 5.01% rise in equity attributable to equity holders, even as basic earnings per share declined slightly and return on weighted average equity fell by 0.40 percentage points, reflecting some pressure on profitability metrics despite balance sheet growth and continued capital instruments and preference share dividend distributions.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has announced that executive director and president Lu Wei has resigned from all his positions at the bank, including chairman and member of the Risk Management Committee and member of the Strategic and Sustainable Development Committee, due to a change in work arrangements. The bank stated that Lu has no disagreements with the board or senior management, there are no related disputes, and his departure will not affect the board’s quorum, with all handover procedures completed. Having served the bank for 26 years in key roles across head office, branches, and overseas operations, Lu is credited with major contributions to financial and accounting refinement, capital replenishment, international expansion, risk control, compliance management, and the implementation of national development strategies and the bank’s “Five Leading” initiatives, as the board publicly praised his role in driving high-quality development and improved competitiveness.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has announced the composition of the seventh session of its board of directors, confirming Fang Heying as chairman and outlining a mix of executive, non-executive, and independent non-executive directors. The bank also detailed the structure and membership of its five key board committees—Strategic and Sustainable Development, Risk Management, Audit, Related Party Transactions Control, Nomination and Remuneration, and Consumer Rights Protection—assigning chairperson and member roles to each director, a move that clarifies governance responsibilities and reinforces oversight across strategy, risk, compliance, and stakeholder protection.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has confirmed the final 2023 emoluments for its senior management who receive compensation from the bank, detailing pre-tax amounts that cover basic pay, performance-linked remuneration and employer contributions to social insurance, housing provident fund and enterprise annuity schemes. The disclosure, listing individual compensation figures for nine senior managers, underscores the bank’s adherence to transparency and regulatory requirements in Hong Kong, providing investors and other stakeholders with clearer visibility on executive pay practices and governance at the institution.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has updated and approved Version 3.0 (2025) of the Rules of Procedures for its Board Nomination and Remuneration Committee, aiming to further standardize the board’s decision-making mechanism and strengthen its corporate governance structure. The revised rules define the committee’s composition, requiring at least three directors with independent directors in the majority and at least one-third being financial professionals, and set out the process for nominating and appointing the committee chairperson and members. They also clarify the duties of the chairperson, the obligations of committee members to actively participate and stay informed about the bank’s operations, and their authority to attend other meetings, conduct investigations, and access necessary information, reinforcing oversight of board appointments and remuneration matters in line with Chinese laws, Hong Kong Listing Rules, and other regulatory requirements.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has updated and approved Version 3.0 (2025) of the Rules of Procedures for its Board Nomination and Remuneration Committee, aiming to further standardize decision-making at board level and enhance its overall corporate governance structure. The revised rules clarify the committee’s composition, emphasizing an independent director majority with a significant proportion of financial professionals, specify nomination procedures for committee members and chairperson, and detail the responsibilities of the chair, including convening meetings, ensuring information transparency, and forming clear resolutions for submission to the board. These changes are intended to strengthen oversight of director nominations and remuneration, improve the professionalism and effectiveness of the committee’s work, and align the bank more closely with Chinese regulatory standards and Hong Kong listing requirements, which may enhance confidence among regulators, investors and other stakeholders in the bank’s governance practices.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has updated and approved Version 3.0 (2025) of the Rules of Procedures for its Board Audit Committee, aiming to further standardise Board decision-making and strengthen its corporate governance framework. The revised rules clarify the Audit Committee’s composition, requiring at least three non-executive directors with independent directors forming a majority, and specify that the chairperson must be an independent director with accounting expertise who works at the bank for no fewer than 20 working days a year. They also detail the nomination process for committee members and chairperson, and set out explicit duties for both the chair and committee members, including meeting procedures, information access, and oversight responsibilities. This restructuring is designed to enhance the bank’s oversight of financial reporting, risk and compliance, reinforcing governance standards expected by regulators and investors in China’s banking sector.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has announced the composition of the seventh session of its board of directors, detailing the roles of executive, non-executive and independent non-executive directors and confirming Fang Heying as chairman and Lu Wei as president. The bank has also disclosed the membership and leadership structure of its five key board committees—covering strategic and sustainable development, risk management, audit, related-party transactions control, nomination and remuneration, and consumer rights protection—signaling continued emphasis on governance, risk oversight and stakeholder protection in line with regulatory and market expectations.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has obtained approval from the National Financial Regulatory Administration for amendments to its Articles of Association and related procedural rules, which took effect on 16 December 2025, marking an update to the bank’s core governance framework. As part of these changes, the bank has formally dissolved its Board of Supervisors, transferring its supervisory duties and powers to the Audit Committee of the Board of Directors in line with the PRC Company Law and regulatory requirements, repealing all associated supervisory rules, and confirming that outgoing supervisors have no disputes or outstanding issues with the bank, signaling a streamlined governance structure for shareholders and other stakeholders.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has announced the official appointment of Mr. Jin Xinian as its Chief Risk Officer following approval from the National Financial Regulatory Administration. This strategic appointment is expected to enhance the bank’s risk management capabilities, potentially strengthening its position in the financial industry and providing reassurance to stakeholders regarding its governance and operational oversight.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has announced the composition of its seventh session of the board of directors, detailing the roles and functions of each member. This update highlights the leadership structure and committee memberships, which are crucial for strategic decision-making and governance within the bank.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank has announced the official appointment of Mr. Wei Qiang as a non-executive director, following approval from the National Financial Regulatory Administration. Mr. Wei Qiang will also serve on the Strategic and Sustainable Development Committee, reflecting the bank’s commitment to strategic growth and sustainability. His appointment is expected to enhance the bank’s governance and strategic planning capabilities.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$9.30 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank announced the successful conclusion of its Third Extraordinary General Meeting (EGM) of 2025, where a resolution regarding the interim profit distribution plan was passed. The meeting, which adhered to legal and regulatory standards, saw significant shareholder participation, with over 79% of voting shares represented. The resolution’s approval reflects strong shareholder support and is expected to positively impact the bank’s financial strategy and stakeholder confidence.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$8.85 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank Corporation Limited has announced an interim dividend for the six months ending June 30, 2025, declaring a dividend of RMB 1.88 per 10 shares. The dividend will be paid in Hong Kong dollars by default, with an option for shareholders to receive it in RMB. The announcement includes details on the withholding tax applicable to non-resident shareholders, which varies depending on tax agreements between China and other countries. This dividend announcement reflects the bank’s ongoing commitment to shareholder returns and may influence its market positioning by attracting investors interested in dividend income.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$8.85 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank announced its unaudited financial results for the third quarter of 2025, prepared in accordance with IFRS standards. The report, which assures accuracy and completeness, reflects the bank’s ongoing commitment to transparency and accountability in its financial disclosures, potentially impacting investor confidence and market positioning.
The most recent analyst rating on (HK:0998) stock is a Buy with a HK$8.85 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.
China CITIC Bank Corporation Limited has announced that its board of directors will convene on October 30, 2025, to review and approve the quarterly financial results for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the bank’s financial performance, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:0998) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on China CITIC Bank stock, see the HK:0998 Stock Forecast page.