ESG Trends
【Access to Finance】China CITIC Bank serves enterprises with specialized sophisticated techniques and unique, novel products,and supports the development of the real economy
- Source：China Citic Bank
- Release time：2023-08-21
China CITIC Bank thoroughly implements the innovation-driven development strategy, actively integrates into the tiered cultivation system for excellent small and medium-sized enterprises, takes the initiative to serve enterprises with specialized, sophisticated techniques and unique, novel products as an important direction for strategic transformation and cultivation of high-quality customer groups, gives full play to the advantages of CITIC Group’s “full financial licenses”, and actively strengthens financial technology empowerment. In line with the principle of “One CITIC, One Customer, One-point Access, Whole Group Response”, based on the financial demands of enterprises with specialized, sophisticated techniques and unique, novel products at each stage from start-up and growth to maturity, the Bank provides tailor-made financial service program for technological innovation incorporating “1” exclusive financing service - “Scientific and Technological e Loan”, and “N” comprehensive services including wealth management, settlement, investment, private equity, to address customer requirements with a one-stop and panoramic solution and help enterprises with specialized, sophisticated techniques and unique, novel products thrive. As of the end of June 2023, the coverage of credit granted by China CITIC Bank to state-level “little giant” enterprises with specialized, sophisticated techniques and unique, novel products reached nearly 35%; the balance of “Scientific and Technological e Loan” exceeded RMB 28 billion. In the next step, China CITIC Bank will continue to serve enterprises with specialized, sophisticated techniques and unique, novel products, and support the development of the real economy by integrating the internal and external resources of CITIC Group.