CITIC Limited’s financial business spans the banking, trust, insurance and securities sectors. CITIC Limited offers a full-service platform to provide integrated financial solutions for customers.
In 2015, CITIC Limited’s financial services business recorded revenue of HK$205.4 billion, an increase of 25% over last year. We saw strong performance at each of our companies, with healthy revenue growth across the board. At the same time, profit attributable to ordinary shareholders was HK$52.8 billion, an increase of 28% over last year. While the impairment for non-performing loans dragged down the bottom line in our banking business, net profit remained robust in the trust, insurance and securities units. A partial divestment of our position in CITIC Securities also helped to buoy net earnings.