Zheng Quan Zhi Xing·2025-03-26 11:17Core Viewpoint - The report outlines the management and compliance of related party transactions by CITIC Bank for the year 2024, emphasizing the importance of regulatory adherence and the establishment of a robust governance framework to mitigate risks associated with such transactions [1][2][3]. Related Party Transaction Management - The governance structure includes a multi-level management system involving the Related Party Transaction Control Committee, senior management, and various offices to ensure compliance and effective management of related party transactions [1][2]. - The board of directors holds ultimate responsibility for related party transaction management, with the audit committee overseeing the review and risk control processes [2][3]. Compliance and Regulatory Adherence - The bank has implemented a "1+3+N" management system to ensure comprehensive compliance with regulatory requirements, including the establishment of detailed management procedures and training sessions for staff [7][8]. - Regular training sessions have been conducted to enhance understanding of regulatory requirements and improve the execution of management systems [8]. Related Party Identification and Reporting - As of the reporting period, the bank identified 6,993 related legal entities and 9,185 related individuals, with a notable increase in the number of related legal entities compared to the previous year [14]. - The bank has reported a total of 11,947.50 billion yuan in related party transactions, ensuring all transactions adhered to the required approval and reporting processes [18]. Credit Transactions with Related Parties - The bank's credit transactions with related parties include significant amounts, such as 3,739.28 billion yuan with CITIC Group, all within the regulatory limits [15][17]. - The overall quality of credit transactions with related parties is reported as good, with minimal amounts classified as special mention or substandard [18]. Non-Credit Related Transactions - The bank has engaged in non-credit related transactions, with a total of 15,390.18 billion yuan reported for the year, all of which complied with the necessary approval and reporting procedures [19].