CITIC Bank Chairman Fang Heying Advocates Vigorous Approach to Liability Management

Deep News
03/23

On March 23, CITIC Bank held its 2025 performance briefing. Regarding the bank's future development strategy, Chairman Fang Heying outlined three key areas of focus.

First is structural adjustment, which involves continuing to strengthen the fundamental principle of risk management centered on structural optimization and consistently improving asset composition. Fang emphasized the need for a more powerful and forceful approach to this realignment.

Second is reinforcing strengths, by further developing a liability growth model supported by payment settlements and transactions under a new balance of volume and pricing, thereby solidifying the foundation for liability costs. The chairman described the bank's attitude toward liability business using the phrase "striking a loud drum heavily," indicating that it requires intense and repeated emphasis.

Third is enhancing distinctive features, by leveraging the integrated financial services model to amplify competitive advantages. "Our peers envy CITIC's unique 'finance + industry' characteristic, which reflects confidence in our collaborative and comprehensive financial services and capabilities," Fang stated.

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