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Chinese joint-stock commercial bank under the CITIC Group conglomerate, serving retail and corporate clients.
Chinese joint-stock commercial bank under the CITIC Group conglomerate, serving retail and corporate clients.
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 Shanghai shares and the Hong Kong ones are the same bank.
In one line: A mid-tier China-based full-service bank.
Moat: narrow (scale, distribution). Joint-stock bank backed by the CITIC conglomerate's corporate relationships, without 'big four' scale.
Headquarters: Beijing, China · Founded: 1987 · Employees: 67,674
Size China CITIC Bank (601998.SS) is a China Financials company (Major Banks) with a market value of $71.5B, the 25th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.15 on 6 Nov 2026.
Performance Over six months the shares gained 8.8%, against +7.5% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 6.2% over the last twelve months (peer median +1.4%); the operating margin is 38.2% (peer median 37.7%).
Valuation It trades at 0.67× book value against a peer median of 1.61× (2nd cheapest of 21).
Credit China CITIC Bank has 1 bond outstanding ($600M).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥358B | CN¥382B | CN¥383B | CN¥377B |
| Revenue growth | — | -6% | 0% | +2% | — |
| Net income | n/a | CN¥66.8B | CN¥63.8B | CN¥62.2B | CN¥58.7B |
| Free cash flow | n/a | CN¥4.48B | CN¥69.0B | CN¥66.9B | CN¥120B |
| Capital expenditure | n/a | CN¥37.8B | CN¥18.8B | CN¥13.5B | CN¥6.80B |
| Total debt | CN¥3.00T | CN¥3.07T | CN¥2.76T | CN¥2.80T | CN¥2.65T |
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 601998.SS | $71.5B | +9% | -6% | 9% | 0.67× | 2.5% |
| China Merchants Bank 600036.SS | $164B | +12% | +9% | 14% | 0.94× | 5.4% |
| Ping An Bank 000001.SZ | $34.4B | +3% | -9% | 9% | 0.48× | 3.6% |
| Bank of Communications 601328.SS | $106B | +22% | -5% | 8% | 0.62× | 2.4% |
| Industrial and Commercial Bank of China 601398.SS | $428B | +13% | -4% | 10% | 0.75× | 2.7% |
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 | 601998.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.8% | +0.9% | 11th highest of 21 |
| 6-month return | +8.8% | +7.5% | 9th highest of 21 |
| Return on equity | 9.0% | 12.8% | 3rd lowest of 21 |
| Price / book | 0.67× | 1.61× | 2nd cheapest of 21 |
| Trailing P/E | 7.6× | 12.1× | cheapest of 21 |
| ROE the price implies | 2.5% | 14.2% | 2nd least demanding of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China CITIC Bank 601998.SS | China | $71.5B | +9% | -6% | 9% | 0.67× | 2.5% | n/a |
| 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% |
| 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% |
| Standard Chartered STAN.L | United Kingdom | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% | 12.8% |
| 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% |
| National Bank of Canada NA.TO | Canada | $59.3B | +4% | +8% | 14% | 2.62× | 20.1% | 14.3% |
| National Australia Bank NAB.AX | Australia | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% | 10.0% |
| 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% |
| 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% |
| DNB Bank DNB.OL | Norway | $50.0B | +16% | -8% | 15% | 1.76× | 11.2% | 15.1% |
| Bank of Communications 601328.SS | China | $106B | +22% | -5% | 8% | 0.62× | 2.4% | n/a |
| United Overseas Bank U11.SI | Singapore | $47.6B | 0% | -10% | 10% | 1.23× | 9.2% | 9.8% |
| Mizuho Financial 8411.T | Japan | $110B | +7% | +6% | 13% | 1.52× | 11.5% | 12.5% |
China CITIC Bank has 1 bond outstanding with $600M face value.