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Joint-stock commercial bank under the state-owned CITIC Group conglomerate, offering retail, corporate and wealth-management banking.
Joint-stock commercial bank under the state-owned CITIC Group conglomerate, offering retail, corporate and wealth-management banking.
Earns mostly from the spread between interest paid on deposits and charged on loans, with some fees from wealth products and cards. CITIC Group, a state-owned conglomerate, controls it through its financial holding arm. These Hong Kong shares and the Shanghai ones are the same bank.
In one line: A mid-tier Chinese regional bank.
Moat: narrow (scale, distribution, brand). Backed by CITIC Group's conglomerate relationships, giving corporate banking deal flow, but a mid-tier competitive position.
Headquarters: Beijing, China · Founded: 1987 · Employees: 67,674
Size China CITIC Bank (0998.HK) is a Hong Kong Financials company (Major Banks) with a market value of $73.0B, the 26th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$8.35 on 6 Nov 2026.
Performance Over six months the shares fell 0.2%, against +7.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 0.5% over the last twelve months (peer median +1.4%); the operating margin is 37.5% (peer median 37.7%).
Valuation It trades at 0.45× book value against a peer median of 1.61× (cheapest of 21).
Price implies The share price implies a return on equity of about 4.5%; China CITIC Bank delivers 8.6%, so the price asks less than the business earns today.
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$392B | HK$381B | HK$407B | HK$422B | HK$436B |
| Revenue growth | — | -7% | -3% | -3% | — |
| Net income | HK$78.1B | HK$72.4B | HK$69.2B | HK$68.8B | HK$66.7B |
| Free cash flow | HK$75.6B | HK$75.2B | HK$72.4B | HK$73.3B | HK$140B |
| Capital expenditure | HK$21.2B | HK$41.0B | HK$20.4B | HK$14.9B | HK$7.91B |
| Total debt | HK$3.41T | HK$3.41T | HK$2.94T | HK$3.08T | HK$2.98T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| China CITIC Bank 0998.HK | $73.0B | 0% | -1% | 9% | 0.45× | 4.5% |
| Cm Bank 3968.HK | $165B | +16% | +3% | 13% | 0.99× | 10.2% |
| Industrial Bank 601166.SS | $62.6B | +10% | -4% | 9% | 0.49× | 2.2% |
| Ping An Bank 000001.SZ | $34.4B | +3% | -9% | 9% | 0.48× | 3.6% |
| Bank of Communications 3328.HK | $107B | +19% | +3% | 8% | 0.55× | 4.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0998.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | +0.9% | 11th highest of 21 |
| 6-month return | -0.2% | +7.5% | 4th lowest of 21 |
| Return on equity | 8.6% | 12.8% | 3rd lowest of 21 |
| Price / book | 0.45× | 1.61× | cheapest of 21 |
| Trailing P/E | 6.0× | 12.1× | cheapest of 21 |
| ROE the price implies | 4.5% | 14.2% | 2nd least demanding of 21 |
| ROE delivered | 8.6% | 12.8% | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China CITIC Bank 0998.HK | Hong Kong | $73.0B | 0% | -1% | 9% | 0.45× | 4.5% | 8.6% |
| Lloyds Banking LLOY.L | United Kingdom | $73.7B | +2% | -2% | 14% | 1.37× | 17.2% | 14.3% |
| Boc Hong Kong 2388.HK | Hong Kong | $67.4B | +13% | -8% | 12% | 1.47× | 8.1% | 11.8% |
| ANZ ANZ.AX | Australia | $84.2B | +17% | -5% | 8% | 1.71× | 14.4% | 8.3% |
| Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB | United States | $84.9B | -12% | +8% | 22% | 1.84× | 11.8% | 21.7% |
| NatWest NWG.L | United Kingdom | $62.3B | +4% | +3% | 16% | 1.21× | 15.8% | 15.9% |
| Nordea Bank Abp NDA-FI.HE | Finland | $62.3B | +6% | +3% | 15% | 1.77× | 14.6% | 14.9% |
| National Australia Bank NAB.AX | Australia | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% | 10.0% |
| Standard Chartered STAN.L | United Kingdom | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% | 12.8% |
| Westpac Banking WBC.AX | Australia | $87.6B | +4% | +2% | 9% | 1.78× | 16.4% | 9.5% |
| PNC Financial Services PNC | United States | $89.4B | +4% | +8% | 13% | 1.59× | 13.2% | 12.9% |
| National Bank of Canada NA.TO | Canada | $59.3B | +4% | +8% | 14% | 2.62× | 20.1% | 14.3% |
| ING Groep INGA.AS | Netherlands | $89.8B | +11% | +7% | 14% | 1.63× | 12.5% | 13.6% |
| U.S. Bancorp USB | United States | $92.6B | +8% | +1% | 13% | 1.55× | 13.9% | 12.8% |
| Oversea-Chinese Banking O39.SI | Singapore | $97.6B | +23% | -3% | 13% | 2.02× | 14.9% | 13.2% |
| Societe Generale GLE.PA | France | $52.0B | -5% | +9% | 9% | 0.78× | 10.0% | 9.5% |
| Kotak Mahindra Bank KOTAKBANK.NS | India | $50.5B | +27% | +12% | 12% | 2.45× | 29.5% | 11.8% |
| Bank of Communications 601328.SS | China | $106B | +22% | -5% | 8% | 0.62× | 2.4% | n/a |
| DNB Bank DNB.OL | Norway | $50.0B | +16% | -8% | 15% | 1.76× | 11.2% | 15.1% |
| Mizuho Financial 8411.T | Japan | $110B | +7% | +6% | 13% | 1.52× | 11.5% | 12.5% |
| United Overseas Bank U11.SI | Singapore | $47.6B | 0% | -10% | 10% | 1.23× | 9.2% | 9.8% |