Xin Lang Cai Jing·2025-08-28 09:37Core Viewpoint - CITIC Bank has shifted its focus from scale to a balanced growth emphasizing efficiency and quality, as stated by the president Lu Wei during the 2025 semi-annual performance conference [1]. Financial Performance - In the first half of 2025, CITIC Bank reported operating income of 105.762 billion yuan, a year-on-year decrease of 2.99% [1]. - The net profit attributable to shareholders was 36.478 billion yuan, reflecting a year-on-year increase of 2.78% [1]. - As of the end of June, the total assets of CITIC Bank reached 985.8466 billion yuan, showing growth compared to the end of the previous year [1]. Personnel Changes - Recent personnel adjustments include the appointment of Jin Xinian as vice president and the concurrent appointment of Vice President Xie Zhibin as chairman of CITIC Baixin Bank [1]. - Other notable changes include the reassignment of several executives, such as Zeng Yufang, who will no longer serve as vice president of the Guangzhou branch but will take on the role of vice president of the credit card center [2]. - The bank has also approved the qualifications of several senior executives across various branches [3][4][5][6]. Organizational Structure - CITIC Bank has restructured its organizational framework, renaming the original International Business Department to "International Business Department (Cross-Border Financial Center)" [3]. - The bank's semi-annual report indicates a total of 1,477 operating outlets in 153 major cities in China, including 37 first-level branches and 1,315 sub-branches [7]. Employee Statistics - As of June 2025, CITIC Bank employed 65,248 staff, a reduction of 218 employees compared to the end of the previous year [8]. - The average salary per employee for the first half of 2025 was approximately 257,800 yuan, down from 268,900 yuan in the same period last year [9]. Cost Management - The bank's business and management expenses totaled 28.460 billion yuan, a decrease of 1.335 billion yuan or 4.48% year-on-year [9]. - The cost-to-income ratio improved to 26.91%, a decline of 0.42 percentage points compared to the previous year [9].