2. CITIC Bank, formerly known as CITIC Industrial Bank, was founded in 1987 and renamed at the end of 2005. CITIC Bank is one of the national commercial banks in China, headquartered in Beijing, and its main shareholder is China CITIC Co., Ltd. BBVA has invested 506,543.8 million euros (about 5.02 billion Hong Kong dollars) to buy 5% of the shares of CITIC Bank, and may also choose to increase its shareholding in CITIC Bank to 65.438+00.07%. On April 27th, 2007, CITIC Bank was listed on the Shanghai Stock Exchange. CITIC Bank is the seventh largest bank in Chinese mainland, with total assets exceeding HK$ 65,438+0,200 billion, employees exceeding 65,438+0,600 and more than 540 branches. It is one of the six banks and three guarantees for Chinese financial stocks in Hong Kong.