China CITIC Bank planned CNY 35 billion redemption and Buy rating for China CITIC Bank stock

Published on 10/13/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 profit reached CNY 37.60 billion, up 3.10 percent. China CITIC Bank stock costs EUR 0.98 on October 13, 2026.

China CITIC Bank had planned a CNY 35.0 billion redemption of domestic preference shares for October 26, 2026.
S&P Global Ratings revised the bank's outlook to positive from stable on September 16, 2026.
First-half 2026 profit attributable to shareholders reached CNY 37.60 billion, up 3.10 percent year over year.
The Lang & Schwarz price was EUR 0.98 on October 13, 2026 at 10:27 a.m. CEST.

China CITIC Bank, CNE1000001Q4, Illustration mit AI erstellt.

China CITIC Bank (ISIN CNE1000001Q4) had planned a CNY 35.0 billion redemption of domestic preference shares on September 22, 2026, while a Buy rating cited a HKD 9.10 target, according to The Globe and Mail. The capital action matters because it will retire 350 million preference shares while the bank continues to operate with a positive credit outlook.

Three dated signals for the bank

On August 26, 2026, first-half profit attributable to shareholders reached CNY 37.60 billion, up 3.10 percent year over year, according to The Globe and Mail. The same report put the net interest margin at 1.62 percent and the nonperforming loan ratio at 1.15 percent for the first half of 2026.

On September 16, 2026, S&P Global Ratings revised China CITIC Bank's outlook to positive from stable and raised its stand-alone credit profile to bbb-minus from bb-plus. S&P projected a risk-adjusted capital ratio of 8.30 percent to 8.50 percent over the next two years, compared with 8.40 percent at the end of 2025.

What does the redemption change?

The September 22, 2026 plan covers 350 million domestic preference shares with an aggregate nominal value of CNY 35.0 billion. The redemption price is the nominal value plus accrued dividends, and the payment is scheduled for October 26, 2026, according to The Globe and Mail. Retiring this hybrid capital layer changes the bank's capital structure, while the positive rating outlook depends on continued support from its parent and stable asset quality.

Dates and market position

The next two dated events are the October 26, 2026 preference-share redemption and the October 30, 2026 earnings report. The latter date is listed by Investing.com.

China CITIC Bank's Hong Kong listing uses ticker 0998, while the A-share listing uses ticker 601998. The Hong Kong quote stood at HKD 8.62 on October 13, 2026, against a 52-week range of HKD 6.50 to HKD 8.70 and market capitalization of HKD 479.4 billion. The euro quote gives German investors a separate trading reference.

Stock price stays near yearly high

China CITIC Bank was trading at EUR 0.98 at Lang & Schwarz on October 13, 2026 at 10:27 a.m. CEST. The Hong Kong quote of HKD 8.62 stood 0.92 percent below its HKD 8.70 52-week high on the same date, keeping the market focus on capital structure and the upcoming redemption.

The further course of trading is shown by the continuously updated real-time quote of China CITIC Bank stock.