CITIC Bank Sets RMB 27.45 Billion 2026 Capex, Maintains Audit Fees, Reports 2025 Profit of RMB 70.62 Billion

Bulletin Express05-27

China CITIC Bank will convene its 2025 Annual Shareholders’ Meeting (ASM) on 17 June 2026 in Beijing to vote on several key proposals.

• 2026 Fixed-Asset Budget The Board proposes a 2026 fixed-asset investment budget of RMB 27.45 billion, up 52.0% year on year. Of this, RMB 2.40 billion is earmarked for general fixed assets (+23.7%), while RMB 25.05 billion targets special fixed assets (+55.4%). Within the latter, technology spending is set to more than double to RMB 19.26 billion.

• Auditor Re-appointment and Fees The Board seeks to re-engage KPMG Huazhen LLP (domestic) and KPMG (international). Audit and internal-control fees for 2026 are budgeted at RMB 7.19 million, unchanged from 2025.

• 2025 Operating Performance The Board report, to be tabled for approval, highlights: – Operating income: RMB 212.48 billion, up 2.98% year on year. – Net profit attributable to shareholders: RMB 70.62 billion. – Non-performing loan ratio: 1.15%, down 0.01 percentage point from start-of-year. – Total assets exceeded RMB 10 trillion; total loans reached RMB 5.86 trillion and deposits surpassed RMB 6 trillion.

• Board Composition Shareholders will vote on appointing Mr. Lyu Tiangui, currently Deputy Party Secretary of the Bank, as an executive director for the seventh Board session. He owns 900,000 shares.

• Rights Issue Resolution Extension Given pending regulatory approvals, the Bank requests a 12-month extension—until 22 June 2027—of previously approved shareholders’ resolutions related to its proposed rights issue.

Shareholders of record as of 17 June 2026 may attend and vote; the H-share register closes 12–17 June 2026. Proxies must be lodged by 9:30 a.m. on 16 June 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment