CITIC's Financial Subsidiaries Report Record Profits

Deep News
03/27

On March 27, CITIC Limited held its 2025 annual results briefing. Vice Chairman and General Manager Zhang Wenwu stated that the company has focused on increasing revenue and reducing expenses to drive sustained performance improvement. In terms of revenue growth, the financial segment served as a stabilizing force. CITIC BANK maintained relative stability in both net interest margin and operating revenue. The company capitalized on capital market opportunities, leading to strong growth in asset management, capital financing, and wealth management businesses. For the full year, the financial segment's operating revenue increased by 6.2% year-on-year, while net investment income rose by 12%.

Driven by the performance of its financial operations, CITIC BANK, CITIC SEC, and CITIC Prudential Life Insurance all achieved record-high profits. Additionally, CITIC Trust's fixed-income business reached a historical peak, with trust assets under management returning to the top position in China's trust industry.

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