China CITIC Bank supports consumers in linking their Visa cards to Apple Pay, enabling more convenient and secure overseas payments.

Today, CITIC Bank announced support for linking its Visa credit and debit cards to Apple Pay. Cardholders, regardless of their location abroad, can make in-store or online payments through Apple Pay wherever merchants accept Visa’s 'Tap to Pay.' As digital technology increasingly integrates with the real economy, accelerating the development of digital finance that aligns with the digital economy has become an essential requirement for promoting high-quality economic and social development. In recent years, CITIC Bank has expedited its digital transformation efforts, striving to excel in the field of digital finance by enhancing the convenience and competitiveness of financial services. Building on its strong foundation in outbound financial services.

lanjinger.com16:26

Research Report Insights | Huachuang Securities: Reiterates 'Outperform' Rating for CITIC Bank, Strongly Confident in the Bank's Competitiveness Among Joint-Stock Banks

Gelonghui January 15 | A research report by Huachuang Securities pointed out that CITIC Bank continues to maintain a balanced development in volume, price, and quality. Its core revenue-generating capability is further strengthened, marking an upward turning point in revenue growth, with asset quality remaining stable and showing positive trends. Empowered by the full financial licensing capabilities of the CITIC Group, various businesses still have upward potential for development. Based on the latest financial report and the current macroeconomic environment, the bank has adjusted its previous profitability forecasts, predicting that CITIC Bank's year-over-year growth rates in net profit attributable to shareholders will reach 3.0%, 2.9%, and 5.0% for the years 2025-2027, respectively (previous forecasts were 2.4%, 3.0%, and 4.1%). Considering CITIC Bank's historical average P/B ratio of 0.65x over the past decade,

Gelonghui Finance15:05 · Ratings

CITIC Bank (601998): Revenue growth turning upward, asset quality steadily improving

On the evening of January 14, China CITIC Bank disclosed its performance report for the year 25, forecasting total operating revenue of RMB 212.475 billion for the entire year of 2025, with a year-on-year decline narrowing to -0.5% (from -3.5% in Q1-Q3 2025); operating

Huachuang Securities13:47

Apple (AAPL.US) has launched Apple Pay cross-border payments for users in China.

Apple (AAPL.US) has announced the expansion of its Apple Pay cross-border payment services to users in China, enabling them to use Visa credit and debit cards issued by local banks for contactless payments both in-store and online while traveling abroad. This includes Visa credit cards issued by ICBC (01398.HK), Bank of China (03988.HK), Agricultural Bank of China (01288.HK), Bank of Communications (03328.HK), China Merchants Bank (03968.HK), CITIC Bank (0998.HK), Ping An Bank, and Industrial Bank, as well as Visa debit cards issued by CITIC Bank.

AASTOCKS11:41

JPMorgan: Citi Bank (00998.HK) Q4 results slightly exceeded expectations, maintaining an 'Overweight' rating.

JPMorgan issued a report stating that China CITIC Bank's (00998.HK) net profit for the full year of 2025 increased by 3% year-on-year, in line with JPMorgan's expectations but 2% higher than the market consensus. For the fourth quarter alone, net profit grew by 3%, while operating profit performance exceeded expectations with a 9% year-on-year increase, surpassing both the bank’s and market estimates for the fourth quarter by 5% and 2%, respectively, delivering a positive surprise. JPMorgan expects CITIC Bank’s revenue growth to turn positive in 2026, with full-year profit growth remaining stable. The firm reiterated its “Overweight” rating on the bank’s H shares. Currently, CITIC Bank’s H shares are trading at 0.45 times price-to-book ratio based on 2026 forecasts, corresponding to a

AASTOCKS11:25

Morgan Stanley: CMB (00998.HK) delivered solid Q4 results; maintains 'Overweight' rating with a target price of HKD 9.2.

Morgan Stanley issued a research report indicating that CITIC Bank (00998.HK) announced its preliminary 2025 performance after the market closed yesterday (the 14th). The fourth quarter of last year demonstrated robust trends, with revenue increasing by 8.6% year-on-year, showing significant improvement compared to the 4.4% year-on-year decline in the third quarter. The results met Morgan Stanley's expectations but exceeded market forecasts. Due to lower provision releases, CITIC Bank’s profit growth in the final quarter lagged behind its revenue growth, although it remained healthy, with fourth-quarter profits rising 2.8% year-on-year, in line with both Morgan Stanley and market expectations. The report mentioned that CITIC Bank maintained strong momentum in balance sheet expansion in the final quarter, with total assets growing by 2.4% quarter-on-quarter and year-on-year.

AASTOCKS10:06