Recent events
Recent events tied to this brand in public sources.
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2020
CITIC Bank apologizes over employee disclosure of customer payment records
CITIC Bank said an employee provided Wang Yuechi's payment records after Shanghai Xiaoguo Culture Media contacted the account-opening branch to request records of labor payments to an employee. The bank apologized, said it had disciplined relevant employees, and removed the branch manager from their post.
2020
CITIC Bank apologizes over customer information disclosure
CITIC Bank published an apology on the early morning of May 7, acknowledged that an employee had not followed required procedures, and said it would conduct a comprehensive review and increase training. The report also says the branch manager was removed from the post.
2020
Pond Culture accused of obtaining a performer's bank account records
Comedian Chi Zi alleged that materials sent by Shanghai Xiaoguo Culture Media Co., Ltd. in a contract dispute included his personal bank account transaction records, which he said violated personal-information protections. He said he had reported the matter to authorities; the supplied report contains no company response or finding by an authority.
2020
Fourth Paradigm completes C+ funding round
Fourth Paradigm announced that it had completed a C+ funding round, bringing total C-round funding to US$230 million and its post-money valuation to about US$2 billion. Cisco, CITIC Bank and Lenovo joined as strategic shareholders.
2020
CITIC Bank announces measures to support manufacturing loans
CITIC Bank said it introduced 15 measures in March to promote high-quality development of its manufacturing loan business, including changes to credit policies, loan-pricing subsidies and performance incentives.
2020
CITIC Bank fined for regulatory violations
The Beijing Banking and Insurance Regulatory Bureau fined CITIC Bank 20.2 million yuan for 19 alleged regulatory violations, including improper real-estate lending and misuse of loan funds.
2019
Four banks upgrade blockchain forfaiting platform
China CITIC Bank, Bank of China, China Minsheng Bank and Ping An Bank put an expanded and upgraded blockchain forfaiting transaction platform online. The upgrade standardized interbank forfaiting agreements and introduced a master agreement for domestic blockchain letters-of-credit forfaiting.
2019
Li Auto responds to CITIC Bank loan disruption
After CITIC Bank stopped disbursing loans for Li Auto ONE buyers and some customers encountered difficulty completing purchases, Li Auto apologized and announced an emergency solution for affected customers, including alternative financing channels and compensation for eligible applicants.
2019
Yipay signs cooperation agreements with more than 20 partners
Yipay and more than 20 partners signed cooperation agreements covering UnionPay cooperation, inclusive finance, a benefits alliance, and technology cooperation.
2019
UnionPay and banks launch Face Pay
China UnionPay and more than 60 institutions, including commercial banks, jointly launched the Face Pay product at a forum in Wuzhen, Zhejiang. The product enables customers to pay by face recognition and a payment password in participating merchants' settings.
2019
CITIC Bank and Harbin Institute of Technology sign strategic cooperation agreement
CITIC Bank and Harbin Institute of Technology signed a strategic cooperation agreement to expand cooperation in areas including student internships and practical training, smart campus development, research projects, and financial services.