Zheng Quan Zhi Xing·2025-07-15 11:16Core Viewpoint - The announcement discusses the approval of daily related transactions between CITIC Bank and Bank of China for the years 2025-2026, emphasizing that these transactions will not adversely affect the bank's financial status or independence [1][12]. Summary of Daily Related Transactions Basic Situation of Daily Related Transactions - The board of CITIC Bank approved the proposal for daily related transaction limits with Bank of China during a meeting on July 15, 2025, which will be submitted for shareholder approval [1][2]. - The transactions are categorized into credit and non-credit types, with specific limits set for each category [1][2]. Expected Amounts and Categories - The expected limits for credit transactions are set as follows: - 2025: 1,014.03 billion RMB - 2026: 1,149.03 billion RMB - Future projections: 1,300 billion RMB for 2025 and 1,500 billion RMB for 2026 [2][3]. - The limits for various financial market transactions, including interbank lending and bond repurchase, are also outlined, reflecting a growing collaboration between the two banks [3][4]. Previous Transaction Execution - This is the first application for daily related transaction limits with Bank of China, and there are no previous execution records to report [2]. Related Party Introduction and Relationship Basic Information of Related Parties - Bank of China, established in 1983, has total assets of 350,612.99 billion RMB as of December 31, 2024, with a net profit of 2,378.41 billion RMB for the same year [8]. - The bank is a related party due to shared board members with CITIC Bank [8]. Execution and Performance Analysis - CITIC Bank has adhered to regulatory requirements in its related transactions with Bank of China, with all transactions classified as normal and executed as planned [8][12]. Main Content and Pricing Policy of Related Transactions Credit Business - The credit business includes various forms of financial support, with interest rates set according to market principles [9][10]. Financial Market Business - The financial market transactions encompass interbank lending, bond repurchase, and derivatives, with pricing determined through fair negotiation [9][10]. Investment Business - Investment activities involve purchasing securities issued by Bank of China, with pricing based on market comparisons [10]. Asset Transfer and Other Services - Asset transfers, including forfaiting, are conducted under standard market terms, ensuring fairness and compliance with regulations [10][11]. Purpose and Impact of Related Transactions Purpose of Related Transactions - The transactions are part of CITIC Bank's normal business operations, aimed at enhancing cooperation and mutual growth with Bank of China [12]. Impact on CITIC Bank - The transactions are structured to be fair and reasonable, ensuring no negative impact on the bank's financial status or independence [12].