1On February 28th, 987, the General Office of the State Council approved the establishment of China CITIC Bank.

/kloc-In March of 0/7, the People's Bank of China approved the establishment of China CITIC Bank.

On April 10, the People's Bank of China issued a financial business license for CITIC Bank.

On April 14, Rong Yiren, Chairman of CITIC Company and Honorary Chairman of CITIC Bank, held a press conference and announced that the former banking department of CITIC Company was changed to "CITIC Bank" with the approval of the People's Bank of the State Council and China. CITIC Bank started its business in April.

On April 2 1, the State Administration of Foreign Exchange approved the foreign exchange business scope of CITIC Bank.

On April 22nd, the State Administration of Foreign Exchange issued a foreign exchange business license for CITIC Bank.

On April 29th, the State Administration for Industry and Commerce issued the industrial and commercial business license of CITIC Bank.

On May 17, Xinhua News Agency announced the opening of CITIC Bank.