The monthly average daily balance of financial assets in CITIC Bank (including local and foreign currency deposits, wealth management products, exclusive collective trust products of private banks, bonds, funds, insurance consigned by BOC, paper gold, one-to-one and one-to-many financial management accounts of funds, securities collective asset management plan, customer collective trust, the balance of third-party depository deposits of securities, and the market value of securities assets at the end of the month in BOC International Securities Co., Ltd., which opened depository accounts with BOC, etc.) reached the equivalent value1.

I. China CITIC Bank

CHINA CITIC BANK, formerly known as CITIC Industrial Bank, was founded in 1987, and was renamed at the end of 2005. CITIC Bank is one of the national commercial banks in China, with its headquarters in Beijing. The major shareholder is China CITIC Company Limited. Banco Bilbao Vizcaya Argentaria (S.A BBVA) spent 5.0 1 billion euros (about HK$ 5.02 billion) to buy 5% of the shares of CITIC Bank, and it can also choose to increase its shareholding ratio to 10.07%. 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 of over HK$1200 billion and * * * more than 6000 employees and more than 540 branches. It is one of the six banks and three guarantees for Chinese financial stocks in Hong Kong.

Second, private banks

1. Private Banking is a financial institution that provides services such as property investment and management (not limited to individuals) for high-net-worth people. Private banking and private banking services are not in the same category. The main services of private banking are asset management, investment planning, providing special services according to customers' needs, and saving tax and financial transaction costs for customers by setting up offshore companies and family trust funds.

2. Service content

The contents of private banking services are very extensive, including asset management services, insurance services, trust services, tax consultation and planning, heritage consultation and planning, real estate consultation, etc. Each customer has a dedicated wealth management team, including accountants, lawyers, financial management and insurance consultants. Generally speaking, private banks provide customers with one-to-one full-time account managers, and each account manager is supported by an investment team. Through an account manager, customers can manage all kinds of financial assets distributed in money market, capital market, insurance market, fund market, real estate, commodities and private equity.