China Citi Bank Corp Ltd (998)

China Citi Bank Corp Ltd (998)


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China Citic Bank Corp Ltd Profile

China Citic Bank Corp Ltd (998.xhkg) is a commercial bank with branches in key locations in the United States and expanding across Asia and beyond, headquartered in Beijing, the People’s Republic of China. CHINACITICBANK provides credit cards, debit cards, insurance policies, loans, and other financial services. China Citic Bank operates more than 2000 branches in almost 130 countries and employs approximately 35.000 people. China Citic Bank Corp Ltd (998.xhkg) is traded on the Shanghai Stock Exchange (SSE), as a component of the Shanghai MidCap Index (SSE MidCap), and the Hong Kong Stock Exchange (SEHK). CHINACITICBANK has an average yearly net profit that is over $300M (USD) and a total asset that is over $30B (USD). China Citic Bank Corp Ltd (998.xhkg) has a market cap of ¥200.68B (CNY) and ranks among the 10 top Chinese banks.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in HK Time
Fri
09:00-16:00
Mon
09:00-16:00
Tue
09:00-16:00
Wed
09:00-16:00
Thu
09:00-16:00
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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