Core Viewpoint - CITIC Bank's wholly-owned subsidiary, Xinyin Financial Asset Investment Co., Ltd., has been approved to commence operations, marking a significant step in supporting the development of technology finance and enhancing the bank's comprehensive financial services [1][2]. Group 1: Company Overview - Xinyin Financial Asset Investment Co., Ltd. has a registered capital of RMB 10 billion and is located in Guangzhou, Guangdong Province [1]. - The establishment of Xinyin Financial Asset Investment is part of CITIC Bank's strategy to respond to national calls for supporting strategic emerging industries and the private economy [1]. Group 2: Investment Strategy - CITIC Bank aims to leverage its full financial license advantages through the establishment of the CITIC Equity Investment Alliance, enhancing its capabilities in the entire investment chain [2]. - The alliance currently manages over RMB 320 billion in funds and has invested in over 1,100 enterprises, focusing on early-stage, small, long-term, and hard technology investments [2]. - Xinyin Financial Asset Investment will support the construction of a modern industrial system and high-level technological self-reliance, providing comprehensive financial services for strategic emerging and technology enterprises [2].

Core Points - CITIC Bank and China Merchants Bank announced the approval of their respective financial asset investment companies, signaling a strategic move to enhance their financial services and support technological innovation [1][2]. Group 1: CITIC Bank - CITIC Bank's wholly-owned subsidiary, Xinyin Financial Asset Investment Co., Ltd. (信银金投), received approval to commence operations with a registered capital of RMB 10 billion [1]. - The establishment of Xinyin Financial Asset Investment is part of CITIC Bank's initiative to support the development of strategic emerging industries and enhance its comprehensive operational capabilities [1]. - The company aims to engage in market-oriented debt-to-equity swaps and equity investment, focusing on supporting technology-driven enterprises and the private economy [1]. Group 2: China Merchants Bank - China Merchants Bank's wholly-owned subsidiary, Zhaoyin Financial Asset Investment Co., Ltd. (招银金投), has also been approved to operate with a registered capital of RMB 15 billion [2]. - The establishment of Zhaoyin Financial Asset Investment will enable the bank to deepen collaboration between industry and finance, enhancing its ability to serve the real economy [2]. - The company plans to conduct pilot equity investment projects to empower technological innovation and promote high-quality development [2]. Group 3: Industry Context - The approval of these financial asset investment companies expands the number of domestic joint-stock bank AICs to three, following the establishment of Xinyu Financial Asset Investment Co., Ltd. earlier this month [2]. - The regulatory environment is supportive, as evidenced by the Financial Regulatory Authority's recent notification encouraging qualified commercial banks to establish AICs [2]. - Additionally, Postal Savings Bank has announced plans to establish its own financial asset investment company with a registered capital of RMB 10 billion, indicating further growth in this sector [3].

人民财讯11月23日电，中信银行(601998)11月23日公告，国家金融监管总局已批准全资子公司信银金融 资产投资有限公司(简称"信银金投")开业。信银金投注册资本为100亿元，注册地为广东省广州市。信 银金投将围绕战略新兴产业、"专精特新"等重点领域，开展市场化债转股及股权投资业务。 ...

Core Viewpoint - CITIC Bank announced the approval for its wholly-owned subsidiary, CITIC Financial Asset Investment Co., Ltd., to commence operations, focusing on strategic emerging industries and specialized sectors [1] Group 1: Company Overview - CITIC Financial Asset Investment Co., Ltd. has a registered capital of RMB 10 billion [1] - The subsidiary is located in Guangzhou, Guangdong Province [1] Group 2: Business Focus - The company will engage in market-oriented debt-to-equity swaps and equity investment businesses [1] - It aims to support technology innovation enterprises and the private economy through equity investments [1]

证券代码：601998 证券简称：中信银行 公告编号：临 2025-079 中信银行股份有限公司 信银金投获准开业，是本行积极响应国家号召，大力支持"科技金融"发展， 做好金融"五篇大文章"的关键举措，也是本行打造综合金融服务的关键一环。信 银金投将围绕战略新兴产业、"专精特新"等重点领域，开展市场化债转股及股权投 资业务，发挥股权投资对科创企业、民营经济的支持作用，在新兴产业和未来产业 领域发挥价值发现的作用，提升本行综合经营能力和可持续发展水平。 关于投资设立信银金投的详情可参阅本行分别于 2025 年 5 月 9 日、2025 年 6 月 4 日在上海证券交易所网站（www.sse.com.cn）及本行网站（www.citicbank.com） 发布的相关公告。 特此公告。 中信银行股份有限公司董事会 2025 年 11 月 23 日 关于全资子公司信银金融资产投资有限公司 获准开业的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中信银行股份有限公司（以下简称本行），于 2025 年 11 月 21 日收到《国家金 ...

Core Insights - The forum titled "信·新" focused on high-quality brand development and consumer confidence, gathering representatives from various sectors to explore new paths for enhancing consumption ecology [1] Group 1: Platform Overview - The "大客甄选" sales empowerment platform was introduced by CITIC Bank, leveraging the group's "finance + industry" model to provide quality domestic products for employees and key clients [1] - Within six months of its launch, the platform has onboarded nearly 30 consumer goods companies, offering over 300 products, with more than 2,200 registered users and nearly 10,000 orders, generating sales of nearly 500,000 yuan [1] Group 2: Operational Strategy - The platform addresses previous marketing challenges by establishing a unified operational system focused on three core aspects: unified sales empowerment channels, unified sales access criteria, and unified sales data collection [2] - The platform aims to tap into regional product resources across various categories, including food and beverages, daily necessities, beauty products, health supplements, digital products, and cultural tourism, to meet diverse employee needs [2] Group 3: Future Plans - CITIC Bank plans to expand the platform's reach and product variety, conducting promotional activities and offline events to stimulate consumption and upgrade consumption structure [2] - The bank emphasizes its commitment to national strategies and customer growth, aiming to inject financial momentum into high-quality economic development through a "finance + consumption" dual-drive model [2]

Core Viewpoint - The 19th Shenzhen International Financial Expo showcases innovations in financial services, emphasizing the integration of technology, industry, and finance to enhance economic development and consumer welfare [1] Group 1: Event Overview - The expo, held from November 19 to 21, features a theme of "Industrial Finance New Heights, Sci-tech Empowerment Towards the Future" and covers an exhibition area of 15,000 square meters [1] - A total of 288 institutions and enterprises from various countries and regions are participating, with nine themed exhibition areas focusing on industrial finance, financial technology, and cross-border finance [1] Group 2: Citic Bank Credit Card Center - Citic Bank Credit Card Center, established in Shenzhen, has issued over 126 million cards by mid-2025, demonstrating a collaborative growth in efficiency, quality, and scale [3] - The "Citic Bank Happy Years Credit Card" targets elderly consumers, offering services such as medical appointment scheduling and discounts at wellness facilities, with over 800,000 users and a satisfaction rate of 96% [3] Group 3: Inclusive Finance Products - The "Citic Bank Yan GO Card" offers benefits for new citizens and residents of Futian, including cash vouchers and monthly rewards for spending, while the "Citic Bank Credit Card (Greater Bay Area Version)" focuses on cross-border consumption with various incentives [4] Group 4: Technological and Green Finance Innovations - The expo highlights the upgrade of dual-standard magnetic stripe cards to chip cards, enhancing security and reducing fraud risk, while maintaining attractive cashback offers [6] - Citic Bank's "Carbon Account" has over 27 million users and has achieved a carbon reduction of over 200,000 tons, promoting measurable and traceable low-carbon behaviors [6] Group 5: Consumer Engagement Initiatives - The "99365 Monthly Enjoyment Exchange" program allows cardholders to earn rewards based on their monthly spending, redeemable for various consumer benefits, supporting national policies to boost consumption [9] - Citic Bank aims to leverage technology and customer-centric strategies to enhance consumer welfare and promote economic growth through its credit card offerings [9]

Core Insights - The collaboration between CITIC Bank, China Duty Free Group, and China UnionPay marks a significant step in integrating finance with tourism retail, launching a co-branded credit card in Sanya [2][3][4] - This initiative aims to enhance consumer experience and support China's strategy to boost domestic demand and consumption quality [2][3] Company Developments - The co-branded credit card leverages the strengths of each partner: China Duty Free Group's nationwide duty-free network, CITIC Bank's comprehensive financial services, and China UnionPay's secure payment infrastructure [2][3] - The card features various benefits such as cashback, points redemption, and travel insurance, designed to lower the barriers for high-quality duty-free shopping [5][6] Policy and Market Dynamics - Recent macroeconomic policies have prioritized consumer spending, with the People's Bank of China and other departments emphasizing financial support for consumption [3] - The optimization of Hainan's duty-free policies has led to a significant increase in duty-free shopping, with a reported 34.86% year-on-year growth in the first week of new policy implementation [3] Consumer Benefits - The co-branded credit card offers tiered membership benefits, including direct matching to China Duty Free's membership for certain cardholders and exclusive discounts [5] - Cashback incentives are available for new cardholders, with potential annual returns of up to 1200 yuan based on spending [5] Strategic Vision - The collaboration is not just a product innovation but also an exploration of mechanisms to integrate consumer data, marketing resources, and risk management [6] - Future plans include expanding the "financial + tourism retail" model to more regions and scenarios, aiming to provide sustainable business solutions for domestic demand expansion [6]

Core Points - The Huaxia CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (513910) closed down 0.24% on November 20, with a trading volume of 306 million yuan [1] - The fund was established on February 7, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of November 19, 2024, the fund's latest share count was 2.775 billion shares, with a total size of 4.617 billion yuan, reflecting a 109.73% increase in shares and a 163.55% increase in size year-to-date [1] Fund Performance - The current fund manager, Lu Yayun, has managed the fund since its inception, achieving a return of 69.32% during the management period [2] - The fund's top holdings include COSCO Shipping Holdings, China Nonferrous Mining, China Ocean Shipping, Orient Overseas International, CITIC Bank, China Petroleum, China Shenhua Energy, People's Insurance Company of China, CNOOC, and Agricultural Bank of China, with respective holding percentages [2]

Core Insights - CITIC Bank has been recognized as the only bank to receive the ecological brand certification for four consecutive years, showcasing its transformation from providing financial functions to co-creating user value [1][6] - The ecological brand certification is initiated by authoritative institutions, covering nearly a thousand brands across over 30 industries globally, with CITIC Bank leading in dimensions such as user experience, open collaboration, and social value contribution [3] Group 1: Brand Recognition and Strategy - CITIC Bank has established itself as a benchmark for sustainable and ecological brand building in the banking industry, with three major cases included in the "Ecological Brand Development Report (2025)" [3] - The bank emphasizes its core value of "trust" since its establishment in 1987, leveraging the comprehensive advantages of CITIC Group to deepen industry-finance collaboration and create a differentiated financial service system [3][6] Group 2: Rural Revitalization and Cross-Border Services - CITIC Bank has launched a "1+5+5" comprehensive service system for rural revitalization, focusing on a dual-driven model of "digital inclusion + industry collaboration" to inject financial vitality into rural industries [4] - The bank's "Global Financial" services encompass a full lifecycle support network, including visa services and education planning, serving 27 million individuals and covering over 40 countries [4] Group 3: Green Finance Initiatives - CITIC Bank has developed the "CITIC Carbon Account," the first personal carbon account led by a bank in China, transitioning from carbon measurement to carbon assets [5] - As of August 2025, the bank has achieved over 20 million tons of cumulative carbon reduction through its platform, establishing a benchmark for green transformation in the banking sector [5][6] Group 4: Future Directions - The bank aims to continue enhancing its open collaboration, technological empowerment, and international expansion, contributing to the construction of a more inclusive, efficient, and sustainable financial ecosystem [6]