二零一六年報
ANNUAL REPORT 2016
2016年報內容
Inside the 2016 Annual Report
1
企業背景
Corporate Profile
4
財務概況
Financial Performance
8
董事長報告
Report of the Chairman
10
行政總裁報告
Report of the Chief Executive Officer
20
2016業務回顧
2016 Review of Operations
35
董事及高級行政人員簡介
Biographies of Directors and Senior Executives 41
企業資料
Corporate Information
42
董事會報告書
Report of the Directors
46
財務報告
Financial Section
211
企業管治及其他資料
Corporate Governance and Other Information
中信銀行（國際）有限公司
China CITIC Bank International Limited
中信銀行（國際）有限公司（「中信銀行（國際）」）為 China CITIC Bank International Limited (“CNCBI”) is a wholly-owned中信國際金融控股有限公司（「中信國金」）的全資 subsidiary of CITIC International Financial Holdings Limited (“CIFH”), which附屬公司，自2015年8月27日起，中信國金為中信 in turn is a wholly-owned subsidiary of China CITIC Bank Corporation銀行股份有限公司的全資附屬公司。 Limited since 27 August 2015.
中信銀行（國際）期望透過為大中華及海外客戶提 By providing value-creating financial solutions to define and exceed both供方案，創造價值，將財富管理和國際商業銀行服 the wealth management and international business objectives of Greater務提升到超越客戶期望的嶄新水平，成為擁有最高 China and overseas customers, CNCBI aspires to be the “China Bank of國際水平及實力的客戶「首選中資銀行」。 Choice”, with the best international standards and capabilities.中信銀行（國際）網絡遍佈大中華，包括香港的34 CNCBI’s footprint in Greater China includes 34 branches in Hong Kong, as家分行以及北京、上海、深圳及澳門的網點。此 well as branches and presence in Beijing, Shanghai, Shenzhen and Macau.外，中信銀行（國際）於紐約、洛杉磯及新加坡設 CNCBI also has overseas branches in New York, Los Angeles and Singapore.有海外分行。
二零一六年報 001
Annual Report 2016
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|遠景 Our Vision你 首選的中資銀行The China Bank of Choice|

002中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
使命
Our Mission
我們旨在大中華及亞洲快速增長的過程
To be the China Financial Solutions Provider of Choice for中，成為機構及個人客戶「首選的中資
institutional and personal customers who aspire to realise銀行」。
the growth potential in Asia.
憑藉我們對中國市場的深切瞭解、內地
We focus on value creation for our stakeholders. Core的廣闊人脈網絡及以客戶為主導的原
to our offering is our intimate knowledge of and our則，務實高效地為股東、客戶和員工創
network capability in China, coupled with our customer-富增值。
centric execution of world-class quality.
我們的主要競爭優勢，在於人才培育、
Nurturing of talent, team spirit and sharing of ownership團體精神、權責分擔及成果共享。
and success are a key competitive advantage of ours.核心價值
Our Core Values
以客為尊 Customer-centric
銳意進取 Progressive
務實高效 Execution
創富增值 Value Creating
集賢樹人 Building People, Building Team恪守誠信 Integrity
二零一六年報 003
Annual Report 2016
財務概況 Financial Performance
2016年財務摘要 2016 Financial Highlights
%變動全年（百萬港元） For the year(HK$ million) 2016 2015 % change淨利息收入 Net interest income 4,129 3,420 +20.7非利息收入 Non-interest income 2,284 2,411 -5.3經營支出 Operating expenses (2,816) (2,564) +9.8貸款及墊款及其他賬項 Impairment losses on loans and advances
減值虧損準備 and other accounts (553) (668) -17.2稅前溢利 Profit before taxation 3,053 2,601 +17.4所得稅 Income tax (505) (433) +16.6股東應佔溢利 Profit attributable to shareholders 2,548 2,168 +17.5%變動於年結日（百萬港元） At year end(HK$ million) 2016 2015 % change貸款及墊款 Loans and advances 183,764 169,870 +8.2資產總值 Total assets 306,417 282,535 +8.5存款總額 Total deposits 246,168 231,072 +6.5股東權益 Shareholders’ equity 25,781 21,744 +18.6財務比率 Financial ratios 2016 2015
資本充足比率 Capital adequacy 17.8% 16.5%
平均流動性維持比率 Average liquidity maintenance ratio 60.8% 61.8%
貸存比率 Loans to deposits 74.7% 73.5%
成本對收入比率 Cost to income 43.9% 44.0%
004中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務概況 Financial Performance
財股務東應概佔溢況利（百萬港元） 資產總值（F百in萬港a元n）cialPerform股a東n權c益e（百萬港元）
Profit attributable to shareholders(HK$ million) Total assets(HK$ million) Shareholders’ equity(HK$ million) 16 2,548 16 306,417 16 25,781 15 2,168 15 282,535 15 21,744 14 2,801 14 249,141 14 19,941
13 2,135 13 216,308 13 17,176
12 1,557 12 177,181 12 15,052
5年財務概況 5 Year Financial Summary
全年結算（百萬港元） For the year(HK$ million) 2016 2015 2014 2013 2012淨利息收入 Net interest income 4,129 3,420 4,157 3,331 2,339非利息收入 Non-interest income 2,284 2,411 1,849 1,416 1,377經營支出 Operating expenses (2,816) (2,564) (2,453) (2,089) (1,808)貸款及墊款及 Impairment losses (charged)/
其他賬項減值虧損 written back on loans and advances
（準備）╱回撥 and other accounts (553) (668) (181) (84) (91)稅前溢利 Profit before taxation 3,053 2,601 3,374 2,554 1,866所得稅 Income tax (505) (433) (573) (419) (309)股東應佔溢利 Profit attributable to shareholders 2,548 2,168 2,801 2,135 1,557於年結日（百萬港元） At year end(HK$ million) 2016 2015 2014 2013 2012貸款及墊款 Loans and advances 183,764 169,870 150,720 127,017 105,092減值撥備 Impairment allowance 950 696 538 476 546資產總值 Total assets 306,417 282,535 249,141 216,308 177,181平均利息收益資產總值 Average interest earnings assets 278,223 248,689 225,872 182,077 169,560存款總額 Total deposits 246,168 231,072 203,087 170,834 145,017股東權益 Shareholders' equity 25,781 21,744 19,941 17,176 15,052財務比率 Financial ratios 2016 2015 2014 2013 2012資本充足比率 Capital adequacy 17.8% 16.5% 17.3% 16.5% 18.2%平均流動性維持比率 Average liquidity maintenance ratio 60.8% 61.8% – – –全年平均流動資金比率 Average liquidity – – 64.9% 55.3% 59.4%貸存比率 Loans to deposits 74.7% 73.5% 74.2% 74.4% 72.5%貸款對資產總值比率 Loans to total assets 60.0% 60.1% 60.5% 58.7% 59.3%綜合評估覆蓋比率 Collective assessment coverage 0.2% 0.2% 0.3% 0.3% 0.3%成本對收入比率 Cost to income 43.9% 44.0% 40.9% 44.0% 48.7%平均資產回報率 Return on average total assets 0.9% 0.8% 1.2% 1.1% 0.9%平均股東權益回報率 Return on average shareholders' equity 10.3% 10.2% 14.9% 13.2% 10.8%
二零一六年報 005
Annual Report 2016
財務概況 Financial Performance
存款* Deposits*
1. 按類別劃分 By type 2016 2015往來 Current 9.4% 9.1%儲蓄 Savings 19.6% 16.7%定期 Fixed 71.0% 74.2%合計 Total 100.0% 100.0% 2. 按到期日劃分 By maturity 2016 2015即時償還 On demand 29.0% 25.8%少於3個月 Less than 3 months 61.2% 61.1%超過3個月但不足1年 Over 3 months but less than 1 year 9.8% 12.9%超過1年但不足5年 Over 1 year but less than 5 years – 0.2%合計 Total 100.0% 100.0% 3. 按貨幣劃分 By currency 2016 2015港元 HKD 54.3% 50.8%美元 USD 29.2% 24.3%其他 Others 16.5% 24.9%合計 Total 100.0% 100.0% 4. 存款賬目數目 Number of deposit accounts 2016 2015 399,544 373,849*以客戶存款為基礎 * Based on customer deposits only
46.3% 23.2%76.5%
49.4%
個人及商務銀行部
Personal& Business Banking Group
總存款分佈
存款證 總貸款分佈 0.3% Total Deposits Certificates of Deposit
Total Loans
Breakdown
其他 Breakdown
Others
公司及跨境業務部
Wholesale& Cross-border Banking Group
4.3%
006中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務概況 Financial Performance
財務概況 Financial Performance
貸款 Loan Portfolio
1. 按行業劃分 By industry sectors 2016 2015用於香港的貸款 Loans and advances for use in Hong Kong
工商及金融界： Industrial, commercial and financial:
物業發展 Property development 7.4% 7.7%物業投資 Property investment 13.6% 11.5%金融界 Financial concerns 5.0% 4.0%股票經紀 Stockbrokers 1.7% 2.1%批發及零售貿易 Wholesale and retail trade 9.3% 10.5%製造業 Manufacturing 5.5% 4.4%運輸業及運輸設備 Transport and transport equipment 1.6% 2.1%娛樂活動 Recreational activities 0.7% 0.6%資訊科技 Information technology 1.9% 0.0%其他 Others 5.3% 4.7%個人： Individuals:
購買「居者有其屋計劃」、 Loans for the purchase of flats under the
「私人發展商參建居屋 Home Ownership Scheme, Private Sector
計劃」及「租者置其屋 Participation Scheme and Tenants Purchase
計劃樓宇」的貸款 Scheme 0.0% 0.0%購買其他住宅物業的貸款 Loans for the purchase of other residential properties 7.3% 7.3%信用卡借貸 Credit card advances 0.2% 0.3%其他 Others 4.5% 4.6%貿易融資 Trade finance 5.8% 6.5%用於香港以外地方的貸款及墊款 Loans and advances for use outside Hong Kong 30.2% 33.7%合計 Total 100.0% 100.0% 2. 按地區分佈劃分 By geographical spread 2016 2015香港 Hong Kong 51.1% 51.0%中國內地 Mainland China 36.3% 32.0%美國 USA 3.2% 1.5%新加坡 Singapore 3.0% 7.2%其他 Others 6.4% 8.3%合計 Total 100.0% 100.0% 3. 按年期劃分 By maturity 2016 2015即時償還 Repayable on demand 0.7% 4.4%少於1年 Less than 1 year 54.9% 55.1%超過1年但少於5年 Over 1 year but less than 5 years 31.4% 27.8%超過5年 Over 5 years 10.9% 11.8%無訂日期 Undated 2.1% 0.9%合計 Total 100.0% 100.0% 4. 按貨幣劃分 By currency 2016 2015港元 HKD 48.3% 42.0%美元 USD 42.4% 43.1%其他 Others 9.3% 14.9%合計 Total 100.0% 100.0% 5. 貸款賬目數目 Number of loan accounts 2016 2015
481,102 439,206
二零一六年報 007
Annual Report 2016
董事長報告 Report of the Chairman
本人深感欣慰，在本人擔任中信銀行（國際）有 To my great delight, in my first full financial year as Chairman of China CITIC限公司（「本銀行」）董事長的第一個完整會計年
Bank International Limited (“the Bank”), the Bank and its subsidiaries (together “the Group”) successfully returned to the growth path, delivering度，本銀行及其附屬公司（統稱「本集團」）成功
a set of respectable results for 2016 despite persistent headwinds in the重返增長軌道。儘管外部環境充滿挑戰，「黑天
operating environment and increasing market volatility caused by several鵝事件」頻發，導致市場跌宕起伏，本集團在 “black swan events”.
2016年仍然交出了亮麗業績。
Profit attributable to shareholders increased by17.5% year on year toHK$2.55 billion. More encouragingly, total assets exceededHK$300 billion股東應佔溢利按年上升17.5%至25.5億港元。更令
for the first time, reachingHK$306.42 billion at end-2016, up8.5% from人鼓舞的是，2016年末總資產首次突破3,000億港
a year earlier. Healthy growth was recorded for both total deposits and元至3,064.2億港元，較前年增加8.5%。總存款與 customer loans, which were respectively6.5% and8.2% ahead of end-客戶貸款均錄得穩健增長，分別較2015年末上升 2015 levels. For 2016, retail deposits rose by11.0%, faster than the growth6.5%和8.2%。期間，零售存款增長11.0%，增幅超
in wholesale deposits. As a result, retail deposits accounted for48.4% of theBank’s total customer deposits, representing a continued improvement in過批發存款，佔全行客戶存款的48.4%，存款結構
deposit structure.
持續改善。
Last year the Bank strengthened its collaboration with parent bank China去年本銀行加強了與母行中信銀行的業務協作和 CITIC Bank Corporation Limited (“CNCB”). With full support from CNCB, major聯動，在母行的全力支持下，收購兼併貸款、 breakthroughs were achieved in various business areas such as merger and acquisition loans, structured finance, leading syndicated loans and issuing結構性融資、牽頭籌組銀團貸款以及代客發行債
bonds for clients. The collaboration between CNCB and the Bank has and券等業務均取得了突破性進展。而且雙方合作範
will continue to broaden, from client referrals to servicing clients together,圍也在不斷拓展，從單純轉介客戶到聯手服務客
from business expansion to risk management, and from building IT systems戶，從業務開拓到風險管理，從系統開發到員工 to developing human resources, as the Bank fulfils its strategic function as交流培訓，充分發揮了本銀行作為中信銀行海外 CNCB’s overseas integrated financial services platform.
綜合融資服務平台的戰略作用。
In September 2016 the Bank capitalized on the best market environment and a window of opportunity to issueUS$500 million of Basel III compliant2016年9月，本銀行抓住最佳市場環境和時間窗
undated non-cumulative subordinated additional tier 1 capital securities.口，成功發行了5億美元永續型非累積額外一級資 The issue was oversubscribed a few times, demonstrating themarket’s本證券，獲得數倍超額認購，充分反映了市場對 recognition of theBank’s strong credit profile and healthy operations.本銀行良好信用和穩健經營的認同。此次資本證
The capital securities have enhanced theBank’s capital position and sharpened its competitive edge, laying a firm foundation for future business券的發行提升了本銀行的資本實力，增強了競爭
development.
能力，為本銀行進一步發展夯實了基礎。
Looking ahead into 2017, a period of uncertainty and instability looms展望來年，外圍環境依然充滿了不確定性，新一 large as the incoming administration in the US has yet to fully unfold its屆美國政府的經濟外交政策及其對全球市場的影
economic and foreign policies, and the impact of such policies on global markets needs to be monitored. Meanwhile, the British government is響還有待觀察。英國脫歐談判即將展開，歐盟主
officially initiating the process of reshaping a new relationship with the要成員國將面臨政府換屆選舉，政治動蕩的風險
European Union, which itself is vulnerable to increasing risk of political大增。面對種種未知之數，中國將繼續堅定不移
volatility as general elections will be held for key member states. In light of地加快供給側經濟結構調整，推進”一帶一路” many unknowns, China will have to spare no effort to maintain sustainable的對外開放戰略，保持經濟的可持續增長。 economic growth by steadfastly accelerating supply-side structural reforms and pursuing opening-up strategies such as “One Belt, One Road”.面對全球經濟不確定性的挑戰，以及中國經濟持
In spite of fluid global economic conditions, with sustained growth續發展和繼續對外開放的機遇，本人對本銀行前
ofChina’s economy and the opportunities arising from thecountry’s景依然保持樂觀。為應對不斷變化的市場環境， continuous opening-up, I remain optimistic about the prospects of the本銀行將繼續進行業務轉型，走商業銀行與投 Bank. In response to changing circumstances, the Bank will continue to undergo business transformation, developing both commercial banking資銀行業務並舉的發展道路，在母行的鼎力支持
and investment banking businesses. On the back of strong support from下，通過產品創新、渠道創新以及科技創新，不
parent bank, and with product innovation, channel innovation and IT斷提高服務能力和風險管理水平，致力於為客戶
innovation that can enhance service capabilities and risk management,提供全面的本地和跨境綜合金融服務，實現本銀 the Bank will strive to offer clients a comprehensive range of domestic and行的長期穩健發展。 cross-border financial solutions, achieving healthy long-term growth in the years ahead.
最後，本人謹向本銀行各董事會成員、管理團隊
Finally, I would like to express my sincere gratitude to my fellow Board以及全體員工致以謝忱，感謝各位為本銀行可持
members, theBank’s management team and all staff for their contribution續發展作出的貢獻。同時，本人亦希望借此機會 to theBank’s sustainable development. I also wish to thank our customers
衷心感謝所有客戶的長期信任與支持，這正是本 gratefully for their continued trust and support, which is the linchpin of our
銀行成功的關鍵所在。
success.
008中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
孫德順
董事長
Sun Deshun
Chairman
香港，2017年3月21日
Hong Kong, 21 March 2017
行政總裁報告 Report of the Chief Executive Officer張小衛先生
Mr. Zhang Xiaowei
行長兼行政總裁 President& Chief Executive Officer
在建立了更緊密關係後，去年信銀國際與母行中信銀行進一步加強協作聯動，加上全體員工竭誠服務，努力不懈，股東應佔溢利錄得17.5%的良好增長，達25.5億港元，同時總資產突破3,000億港元至3,064.2億港元。
Last year collaboration with parent bank, China CITIC Bank, strengthened further with stronger ties. Combined with the dedication and diligence of the entire staff, this enabled China CITIC Bank International to deliver a healthy17.5% growth in profit attributable to shareholders toHK$2.55 billion, while total assets exceededHK$300 billion to reachHK$306.42 billion.
面對多變和充滿挑戰的經營環境，中信銀行 Against a fast-changing and challenging operating environment, China（國際）有限公司（「信銀國際」）暨各附屬公司 CITIC Bank International Limited (“CNCBI”) and its subsidiaries（統稱「本集團」）及時應變，使經營利潤在經 (together “the Group”) responded rapidly, returning to the path of healthy歷前一年短暫回落後於2016年重新回到穩定 profit growth in 2016 after a temporary setback in the preceding year. In增長軌道。2016年信銀國際充份發揮作為中 2016, CNCBI took full advantage of having China CITIC Bank Corporation信銀行股份有限公司（「中信銀行」）全資子銀 Limited (“CNCB”) as parent bank to spur the collaboration with it on all行的優勢，全面開展與母行的業務協同和聯 fronts, expanding both the customer base and scope for development,動，擴大客戶基礎，擴展發展空間，取得了 which produced impressive results. 2016 was also a year when the Group豐碩成果。2016年亦是本集團投資加強科技 enhanced its technology infrastructure, with an upgrade of the core banking基礎設施建設的一年，完成了銀行核心業務 system and installation of an advanced treasury system, commencement of系統的升級改造，上線了先進的財資業務系 cross-border host-to-host business system connectivity with parent bank, as統，實現了與母行業務系統的跨境直聯，以 well as the introduction of several mobile banking applications, which have及推出了多項手機銀行應用程式，為本集團 set the stage for theGroup’s sustainable growth in the years ahead.未來的可持續發展奠定了堅實基礎。
010中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
1.梁建文先生 2.柏立軍先生 3.簡吳秋玉女士 4.萬紅女士
資訊科技及營運總監 替任行政總裁兼 執行董事、替任行政總裁兼 執行董事、副行政總裁兼 Mr. Michael Leung 代理司庫 個人及商務銀行業務總監 公司及跨境業務總監 Chief Information and Mr. Bai Lijun Mrs. Helen Kan Ms. Margaret Man Operations Officer Alternate Chief Executive Officer& Executive Director& Executive Director& Acting Treasurer Alternate Chief Executive Officer Deputy Chief Executive Officer Group Head of Personal& Group Head of Wholesale& Business Banking Cross-border Banking 5.黃致遠先生 6.譚日恭先生 7.劉月屏女士 8.丘仲文先生
替任行政總裁、首席法律顧問及 財務總監 行政總裁辦公室總監 稽核總監
內部監控總監 Mr. Elton Tam Ms. Zoe Lau Mr. David Yau
Mr. Roy Huang Chief Financial Officer Director of CEO Office Chief Auditor
Alternate Chief Executive Officer
General Counsel&
Group Head of Internal Control
9.關建輝先生 10.李錫生先生 11.文月晶女士
風險管理總監 人事總監 合規總監
Mr. David Kwan Mr. John Lee Ms. Rita Man
Chief Risk Officer Chief Personnel Officer Chief Compliance Officer
7 8 9 10 11
1 2 3 4 5 6
二零一六年報 011
Annual Report 2016
行政總裁報告 Report of the Chief Executive Officer
經營環境 Operating Environment
在本報告年度，環球金融市場受政治事件影 During the year under review, global financial markets were repeatedly響，尤以英國脫歐公投和美國總統選舉為 shaken by political events, most notablyBritain’s vote to leave the European甚，令期內證券價格及匯價出現大幅波動。 Union and the American presidential election, with wide fluctuations in但是，全球經濟增長趨勢並沒有因此發生太 securities prices and currency values. The underlying economic growth大改變。美國經濟持續增長，就業率持續改 trends, however, were hardly affected. The US economy remained firmly善，通脹率逐漸回升，促使美國聯邦儲備局 on a recovery path with continuous improvement in employment data於2016年12月加息25點子，為金融海嘯以來 and accelerating inflation, prompting the Federal Reserve Board to raise its第二次加息。2016年歐元區經濟增長1.7%， benchmark interest rate by 25 basis points in December 2016, the second較上一年遜色，而日本的經濟復蘇步履蹣 hike since the financial tsunami. The expansion of the Eurozone at1.7% for跚，全球貿易與投資繼續疲軟，阻礙了新興 2016 was weaker than a year ago, while the progress of reflation remained發展中國家的經濟增長。 lacklustre in Japan, and still sluggish global trade and investment flows hindered the growth of emerging and developing countries.
繼2015年6.9%的增長，2016年中國國內生 For China, following a6.9% rise in real GDP in 2015, a steady growth of6.7%產總值的增幅企穩於6.7%，主要受惠於國內 was achieved last year primarily on the back of solid domestic consumption消費穩步上揚以及公共領域固定資產投資增 and public-sector fixed asset investment. Nevertheless, amid mounting加。然而，由於房地產市場過熱，信貸規模 concerns about an overheated housing market, aggressive credit growth激增，以及人民幣貶值加速資本外流，中國 and more rapid liquidity outflow triggered by a weakening Renminbi政府不得不採取多項措施予以遏止。在內外 (“RMB”), the government had to introduce various measures to arrest these部需求不足的背景下，香港全年經濟增速下 developments. In the absence of strong external and domestic demand,滑至1.9%，低於2014年的2.7%與2015年的 the expansion of the Hong Kong economy also decelerated to1.9% in real2.4%，在四季度，商品與服務出口以及私人 terms for 2016, against2.7% and2.4% for 2014 and 2015 respectively. It was消費支出才開始呈現出穩定跡象。 not until the fourth quarter of the year that exports of goods and services, as well as private consumption expenditure, seemed to display some signs of stability.
縱觀香港本地銀行業，儘管利率在歷史低位 As regards the domestic banking sector in Hong Kong, although interest徘徊，貸款需求仍然溫和。2016年末貸款及 rates hovered around historical lows, loan demand stayed soft, with total墊款總額8.023萬億，按年增長6.5%。同期中 loans and advances ofHK$8,023 billion at end-2016 being6.5% ahead of the國內地相關貸款（包括貿易融資）上升7.0%， amount at end-2015. The growth in total Mainland-related lending (including但人民幣客戶存款年末總計5,467.1億人民 trade finance) for the same period was7.0%. However, the RMB customer幣，較上年同期收縮35.8%。根據香港金管局 deposit base in Hong Kong shrank by35.8% from end-2015 to RMB546.71統計，香港零售銀行2016年稅前經營總收入 billion at the close of 2016. According to the HKMA, the aggregate pre-tax與上年同期相比錄得8.7%的增長。 operating profit of retailbanks’ Hong Kong offices recorded a growth of8.7% in 2016 compared with a year ago.
財務表現 Financial Performance
2016年，本集團業務表現優於同業整體水 For the year 2016, theGroup’s performance was ahead of the industry as平。經營收入按年上升10.0%至64.1億港元。 a whole. Operating income increased by10.0% year on year toHK$6.41撥備後利潤30.4億港元，按年增加17.1%。股 billion. Profit after impairment was up by17.1% toHK$3.04 billion, while東應佔溢利25.5億港元，較上年增加17.5%。 profit attributable to shareholders grew by17.5% toHK$2.55 billion. Return平均資產回報率0.87%，較上年提升4點 on average assets at0.87% was four basis points higher than the previous子。平均股東權益回報率按年微升1點子至 year, while return on averageshareholders’ equity was10.25%, edging up10.25%。 one basis point year on year.
012中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
行政總裁報告 Report of the Chief Executive Officer
2016年利潤增長主要受益於淨利息收入躍升 The resumption of profit growth in 2016 was principally driven by a20.7%20.7%至41.3億港元。隨著與母行持續深入合 rise in net interest income toHK$4.13 billion. With closer collaboration with作，本集團不斷擴大跨境融資業務，在結構 parent bank, the Group continued to expand its cross-border financing性融資與銀團貸款市場取得顯著發展。客戶 business, gaining ground in the structured finance and syndication market.存款利息成本下降帶動淨息差按年擴大10點 Net interest margin improved by 10 basis points year on year to1.48% given子至1.48%。 lower interest cost of customer deposits.
非利息收入22.8億港元，較上年下跌5.3%，主 Non-interest income for the year amounted toHK$2.28 billion, which was要由於財資與環球市場業務收入的減少，但 5.3% lower than a year ago. The drop was mainly due to reduced profit是貸款及融資手續費收入，以及保險產品銷 contribution from Treasury and Markets (“TMG”) activities. Apart from this,售收入均呈現出大幅上升趨勢，債務資本市 loan fees and income from selling insurance products continued to post場業務也順利起步，發展勢頭良好。 excellent growth, whileTMG’s Debt Capital Markets (“DCM”) operations got off to a good start and have developed well.
與此同時，本集團繼續加大對資訊科技的投 As the Group continued to make substantial investments in technology,入。因此，去年本集團總經營成本按年增 total operating expenses rose by9.8% year on year, which was slightly加9.8%，略低於收入的增幅。成本收入比 below income growth. Cost to income ratio at43.9% was at a level similar to43.9%，與前年基本持平。 that of the previous year.
財務狀況 Financial Position
截至報告期末，本集團總資產3,064.2億港 At end-2016, theGroup’s total assets stood atHK$306.42 billion, representing元，較上年末增加8.5%。總存款餘額2,461.7 an8.5% increase from a year ago. Total deposits amounted toHK$246.17億港元，客戶貸款餘額（包括貿易票據） billion, while customer loans including trade bills totalledHK$183.76 billion,1,837.6億港元，分別同比上漲6.5%和8.2%， up6.5% and8.2% respectively from end-2015. Loans to deposits ratio貸存比率相應由73.5%上升至74.7%。本集團 therefore increased to74.7% from73.5%. The Group continued to adopt採用謹慎的貸款分類政策，截至2016年末， a prudent loan classification policy. At end-2016, impaired loan ratio was不良貸款率0.96%，較前年微升7點子。 0.96%, seven basis points higher than a year earlier.
2016年1月，中信銀行的全資子公司，即信 In January 2016,HK$1.8 billion of capital was injected into CNCBI by its銀國際母公司，向信銀國際注資18億港元。 immediate parent company, which is a wholly-owned subsidiary of CNCB.2016年9月，信銀國際又成功發行5億美元永 In addition, in September 2016, CNCBI successfully issuedUS$500 million續型非累積額外一級資本證券，進一步鞏固 of undated non-cumulative subordinated additional tier 1 capital securities,本行資本實力。截至2016年末，本集團總資 which helped to expand its capital base further. At end-2016, theGroup’s本充足比率較上年末增加124點子至17.75%， total capital adequacy ratio increased by 124 basis points year on year to一級資本比率13.73%，普通股權一級資本比 17.75%. Its tier 1 capital ratio was13.73% whereas its common equity tier率10.81%，均高於監管要求。平均流動性維 1 capital ratio stood at10.81%. These levels remained comfortably above持比率60.8%，繼續保持非常穩健水平。 regulatory requirements. Meanwhile, average liquidity maintenance ratio was60.8%, remaining at a very healthy level.
二零一六年報 013
Annual Report 2016
行政總裁報告 Report of the Chief Executive Officer
業務回顧 Business Review
公司及跨境業務部 Wholesale and Cross-border Banking Group
去年，公司及跨境業務部在結構性融資與銀 Wholesale and Cross-Border Banking (“WBG”) showed a substantial increase團貸款方面的業務能力不斷增強。中信銀行 in its capability in structured finance and syndication business last year.與信銀國際作為聯合牽頭行，為一家中資企 Together with CNCB, CNCBI acted as the joint global coordinator to lead a業提供一項具里程碑意義的跨境信貸便利， landmark cross-border financing facility in support of a Chinese enterprise協助該企業成功收購一家海外公司，這是有 to acquire an overseas company. This transaction was the biggest ever史以來中國企業在海外進行的最大一筆併購 overseas acquisition deal sealed by a mainland Chinese corporation and交易，也是亞洲有史以來最大的一項銀團收 also the largest ever syndicated acquisition loan in Asia. In keeping with購貸款。配合國家提出的”一帶一路”和內 the Chinesegovernment’s development strategies of developing “One地企業”走出去”的發展戰略，公司及跨境 Belt, One Road” and encouraging Chinese enterprises to “Go Global”, WBG業務部積極支持中信銀行戰略客戶在海外的 has proactively supportedCNCB’s strategic customers to expand and發展和投資，於2016年6月成立了戰略客戶 invest overseas. In June 2016, a strategic clients unit was established to部，專門負責中信銀行的戰略客戶及重點客 be solely responsible for dealing with the strategic and key customers of戶。同時，公司及跨境業務部繼續增加對海 CNCB. Meanwhile, investments in strengthening the capability of overseas外分行的投資，以滿足本行企業客戶日益增 branches continued to increase in order to satisfy the growing demand of強的跨境金融服務需求。截至報告期末，公 theBank’s corporate clients for cross-border financial services. At end-2016,司及跨境業務貸款1,405.7億港元，比上年末 WBG customer loans reachedHK$140.57 billion, up9.1% from a year ago,增長9.1%，報告期內實現淨利息收入30.8億港 while net interest income and non-interest income for 2016 grew by12.7%元，非利息收入8.92億港元，分別比上年增長 and19.8% year on year respectively toHK$3.08 billion andHK$892 million.12.7%和19.8%。
個人及商務銀行部 Personal and Business Banking Group
儘管2016年零售銀行競爭激烈及經營環境 Despite intense competition and challenging operating conditions,充滿挑戰，但個人及商務銀行部仍善用其競 Personal and Business Banking (“PBG”) was able to take advantage of many爭優勢，抓準市場機遇，持續維持增長動 opportunities available in the market and sustain its growth momentum,力。經營收入及存貸規模均再創歷史新高。 attaining historic highs in operating income as well as deposits and loans.報告期內經營收入23.8億港元，比上年增長 For 2016, operating income wasHK$2.38 billion, up19.6% year on year. At19.6%。截至報告期末，客戶存款1,139.1億港 end-2016, PBG customer deposits reachedHK$113.91 billion while customer元，比上年末增長11.0%。客戶貸款427.1億 loans amounted toHK$42.71 billion, representing increases of11.0% and港元，比上年末增長4.8%，客戶貸款資產素 4.8% respectively from a year ago, and the growth in interest-earning assets質持續保持穩定。與母行聯動方面，全面實 was achieved without compromising on asset quality. On collaboration with施代理見證開戶，聯動客戶業務收入雙算考 parent bank, remote account opening services were fully implemented核，推動中間收入比前一年顯著增加，替跨 during the year, and the business generated would be accounted for by境客戶管理資產規模增加6倍，私人銀行收入 both CNCBI and CNCB. This contributed to a marked increase in the income按年勁增超過3倍。另一方面，零售條線堅持 from intermediary services. With a six-fold expansion in assets under發展移動銀行的戰略，成為在香港首間設立 management for cross-border customers, the revenue of private banking存款戶口綁定WeChatPay香港錢包服務的銀 also surged by over 3 times. In addition, retail banking has been committed行，讓客戶可隨時隨地享受WeChatPay免費 to pursuing a mobile banking strategy. Last year, CNCBI launched Hong的流動支付服務。 Kong’s first deposit account binding to the WeChat Pay Hong Kong Wallet, affording customers the convenience of free WeChat Pay mobile payment services.
014中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
行政總裁報告 Report of the Chief Executive Officer
財資及環球市場部 Treasury and Markets Group
受離岸人民幣利率、匯率劇烈波動的影響， In light of highly volatile offshore RMB interest rates and exchange rates in2016年資金營運中心整體收入略有下降，但 2016, the revenue of Central Treasury Unit (“CTU”) eased slightly year on下半年表現優異，較上半年收入環比增長1.74 year. Yet on a half-on-half basis, its performance in the second half of the億港元。抓住美元利率整體走勢及階段性交 year was much stronger, with an increase ofHK$174 million in revenue易機會，債券投資相關收入按年顯著上升， when compared with the first six months. Benefitting from the general其中債券投資利息收入增長29%，交易性收 trend of US interest rates and trading opportunities at various stages,入增長3.6倍。環球市場部克服對單一產品 the income derived from bond investment enjoyed noticeable growth的依賴，加強基礎產品銷售，設計營銷人民 year on year, with a29% rise in interest income and a 3.6 times jump幣貶值環境下客戶風險管理方案，積極推進 in trading gains. TMG has successfully reduced its reliance on a single債務資本市場業務，銷售收入按年錄得溫和 product. In addition to boosting the sales of basic products, it crafted and增長；其中債務資本市場業務於2016年6月 marketed risk management solutions for clients against the backdrop of正式開展，成功在競爭激烈的市場環境下打 a depreciating RMB, and worked hard to promote its DCM business. As下基礎，贏得市場聲譽，全年共完成13支債 such,TMG’s marketing revenues in 2016 recorded a moderate year-on-year券發行。上線了新一代交易及風險管理系統 increase. Notably, commencing operations in June 2016, the DCM unit,MUREX，提高了產品開發能力及風險管理水 despite intense market competition, managed to build a strong business平，將更好地滿足客戶交易需求並進一步拓 foundation and earn good reputation, completing 13 issuances in the year.展客戶基礎。 To increase the capability of product innovation and risk management, a new generation trading and risk management system, MUREX, has been brought into operation, which should help better fulfil the trading needs of clients and further expand the client base.
風險管理及內部監控 Risk Management and Internal Control
董事會「信貸及風險管理委員會」和「審核委 The Credit and Risk Management Committee and Audit Committee of the員會」負責監控本集團的風險管理和內部監控 Board are responsible for overseeing the risk management and internal事宜，有關委員會均由資深獨立董事領導。 control of the Group. These committees are led by experienced and本集團致力於不斷強化風險管理系統、實踐 independent directors. The Group strives to reinforce the risk management與文化，依據本集團戰略發展方向對風險偏 system, practices and culture. The Risk Appetite Statement and risk好陳述書與量化指標進行優化。此外，進一 indicators continue to be strengthened in line with theGroup’s strategic步完善全行壓力測試，深化資本及流動性管 direction. Furthermore, comprehensive bank-wide stress testing, capital理，以應對不斷變化的市場環境。 management and liquidity management continue to be enhanced with regard to the evolving market environment.
鑒於全球經濟波動和充滿不確定性，本集團 Given the uncertainties of a turbulent global economy, the Group focuses重視嚴格的貸款風險評估和授信審批，積極 on conducting rigorous risk assessments and credit approval, proactively管理覆核貸款組合，制定審慎投資策略，加 managing and reviewing the loan portfolios, formulating prudent強資本及流動性管理，確保與本集團風險偏 investment strategies and strengthening capital and liquidity management好相符。此外，本集團致力優化客戶基礎， as befits theGroup’s risk appetite. In addition, the Group continues to業務向優質戰略性客戶轉移，以跨境聯動客 optimize the customer mix by targeting quality strategic key customers,戶、母行與中信集團轉介客戶、國企央企客 including cross-border collaboration customers, strategic customers referred戶為工作重點。 by parent bank and the CITIC Group, state-owned enterprises and central government-owned enterprises.
二零一六年報 015
Annual Report 2016
行政總裁報告 Report of the Chief Executive Officer
信貸風險管理方面，本集團堅持嚴格的信貸 In terms of credit risk management, the Group is committed to upholding政策，強化對客戶現金流、貸款用途以及所 stringent credit policies, as well as conducting in-depth credit assessments屬行業前景的審查和評估。此外，本集團積 ofcustomers’ cash flow positions, loan purposes and industry prospects.極監管集中度風險，關注易受潛在經濟下行 Moreover, the Group performs proactive monitoring of concentration risks,負面影響的客戶、投資組合與行業。本集團 customers, portfolios and industries that could be adversely impacted by採取穩健保守的撥備政策，2016年減值撥備 potential economic slowdown. The Group adopts a prudent provisioning合計5.53億港元。 policy withHK$553 million of impairment made in 2016.
因為跨境業務導致外匯風險與利率風險大幅 Foreign exchange and interest rate risks associated with cross-border上升，所以市場風險管理繼續扮演重要角 business have significantly increased. Market risk management continues色。本集團構建了健全的風險管理框架及清 to play an important role. Clear risk limits have been set within a robust晰明確的風險額度，就有關風險指標進行每 management framework, whereby these limits are monitored daily, stress日監控，並定期進行壓力測試，一旦發現市 tests are conducted periodically and close tracking is performed whenever場異常便會及時展開調查並採取相應措施。 unusual events occur in the market. Further investigation will be conducted in a timely manner, with appropriate measures to be implemented.操作風險管理方面，本集團一直盡最大努力 With respect to operational risk management, the Group continuously識別與降低操作風險，以優良的運作營造一 strives to identify and minimize operational risks as much as practicable.流客戶體驗作為目標，據此確立操作風險偏 TheGroup’s operational risk appetite is driven by its continuous pursuit of好。為達到此目標，我們正開展多個項目來 delivering excellent customer experience through operational excellence. To優化現有操作風險工具，引進全新內部監控 align with this, we are executing various programs to enhance operational手段以改善本集團操作環境。 risk management effectiveness and introducing new internal control measures to address emerging risks in response to a changing operational environment.
人力資源發展 Human Resources Development
聘用、培訓以及挽留經驗豐富的優秀員工對 Recruiting, training and retaining qualified personnel with sufficient本集團的戰略轉型和業務增長至關重要。人 experience and knowledge is essential to the transformation and growth力資源部門歷來採取平衡策略，既要保留關 of theGroup’s business. Human Resources Group always has to perform a鍵人才，又要控制員工成本，因為此成本是 balancing act between sustaining a pool of critical talents and containing營運費用的重要組成部份。 staff cost, which is a significant component of the overheads.
我們樂於見到，2016年度本集團在僅僅增加 We are pleased that for 2016, the Group managed to deliver impressive5%固定員工人數的情況下，仍然取得了驕人 financial results with only a5% increase in permanent headcount, while的財務表現，而總員工成本則維持在預算之 overall staff cost was kept within budget. Moreover, the voluntary turnover內。與此同時，去年自願離職率較2015年下 rate fell by more than20% compared with 2015. The Group has continued降逾20%。本集團將繼續通過提供一系列財務 to offer a range of financial and non-financial incentives to attract, retain與非財務獎勵措施吸引、挽留和激勵人才， and motivate talents. Various staff retention and engagement initiatives,包括績效獎金、福利、員工康樂與團隊合作 spanning from awarding performance bonus to offering welfare, recreation,活動等。本集團亦嘗試通過員工在非工作領 leisure and team-building activities, were deployed. The Group has also域的合作加強其歸屬感。例如，「團隊力量奧 attempted to boost a sense of belonging through cooperation in non-林匹克」是全行一項集運動競技與遊戲於一體 work areas. For instance, the “TeamPower Olympics” was a bank-wide staff的員工活動，旨在強化員工團隊合作精神， engagement initiative which mixed sports competition and fun games,培養樂觀進取的態度。 helping to build strong teamwork and nourish a can-do attitude among the staff.
016中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
行政總裁報告 Report of the Chief Executive Officer
本集團重視員工可持續發展，不斷開展多個 The Group also stresses continuous employee development. We have培訓項目，以提升員工業務技能及專業知識 been providing various workshops to enhance the overall competence水平。在本報告年度，推出了管理人員培訓 and professional standards of the staff. During the year under review, the課程，強化其人事管理能力，同時制定了領 “Effective People Manager Program” was offered to strengthen the people導力發展框架，為培養本集團未來領導人才 management skills of our managers, while the “Leadership Development奠定基礎。去年每名員工的年均培訓時間維 Framework” was developed to lay the foundation for grooming future持在五日。 leaders of the Group. An average of five training days per staff member was maintained.
展望 Outlook
展望2017年，世界經濟將繼續轉好，增長 While the world economy has to a large extent remained on an upward動力有所加強，唯各國政策的不確定性會是 trajectory with stronger growth momentum projected for 2017, policy左右此趨勢的主要因素。在發達經濟體中， uncertainty is likely to be the principal overhang. Among advanced美國國內生產總值的增速將繼續一枝獨秀， economies, the US should stay in the lead in terms of GDP growth, especially尤其是如果新政府能如預期般實施有力的擴 if the new administration implements substantial expansionary fiscal張性財政政策。然而，這可能導致通脹壓力 policies as expected. However, this may exacerbate inflation pressure and增大，促使美國聯邦儲備局加快收緊貨幣政 precipitate sharper monetary tightening by the Federal Reserve Board.策。與此同時，發達國家的保護主義勢力抬 Moreover, a tide of protectionist sentiments is palpable among developed頭，並可能會隨著歐元區國家出現政局變動 nations and can escalate with more political changes in the Eurozone. If而變本加厲，若因此而導致急劇的政策轉 such leanings are translated into dramatic policy shifts, they may not only向，勢必會重創國際貿易，窒礙國際資本流 imperil the global trade sector profoundly and disrupt international fund動，令地區緊張局勢惡化，進而危及原本脆 flows but also heighten geopolitical tensions, potentially derailing the fragile弱的全球經濟復蘇，並且加劇金融市場波動。 global recovery in recent years and intensifying the volatility in financial markets.
面對不穩定的外部環境，中國以「穩中求進」 In the face of unsettled external conditions, China has prioritized “growth作為未來經濟發展首要政策目標，靠持續深 with stability” as its primary policy goal for the year ahead. Such stability化供給側結構性改革，加大財政政策刺激力 is expected to be anchored in continuous supply-side structural reforms,度，以及採取穩健的貨幣政策來達到此目 supportive fiscal stimulus and a prudent monetary policy. A gradual標。只要能進一步鞏固工業去產能成果，並 slowdown in headline GDP growth will be acceptable as long as the initial且進一步改善經濟結構，由投資驅動轉向由 success in eliminating excess industrial capacity can continue, and there消費驅動，由依賴低附加值工業轉向發展高 is sustained progress in rebalancing the economy from being heavily新技術產業和服務業，經濟增速逐漸放緩相 reliant on investment to being more driven by consumer spending, and信是可以接受的。與此同時，中國政府將加 from clinging to low value-added industrial activities to developing high-強信貸增長管理，防止資產泡沫形成，避免 tech and advanced manufacturing together with the service sector. In the人民幣過度貶值加劇資本外流。 meantime, the Chinese government is expected to manage credit growth to preclude asset bubbles and stem a disorderly depreciation of the RMB that may aggravate capital outflows.
二零一六年報 017
Annual Report 2016
行政總裁報告 Report of the Chief Executive Officer
由於外部經濟環境日益複雜多變，香港銀行 Given increasing complexities and vagaries of the external economic將迎來又一充滿挑戰的2017年。但我們相信 environment, the banks in Hong Kong will have to contend with another挑戰與機遇相伴而來。歷史證明陡峭的孳息 challenging year in 2017. Yet with challenges come opportunities, in our曲線往往對銀行的收益有利。此外，為應付 view. History shows that a steeper yield curve usually bodes well forbanks’正在抬頭的貿易保護主義，中國勢將進一步 profitability. Moreover, to battle against emergent protectionism, China is落實國家戰略部署（「一帶一路」、「走出去」 set to step up efforts to implement various key strategic policy initiatives和自貿區發展），加強與區域及國際貿易夥伴 (namely “One Belt, One Road”, “Go Global” and free-trade zones) that can的合作關係。同時，雖然中國政府對國內信 help cement its relations with regional and international trading partners.貸擴張採取審慎態度，但對企業進行海外跨 While the Chinese government is wary of the pace of domestic credit境融資卻比較寬容，香港作為最重要的人民 expansion, it appears to be more relaxed about mainland enterprises幣離岸中心必將受益良多。另一方面，美國 seeking cross-border financing abroad, which should render Hong Kong a新任總統唐納德•特朗普近期要求重新審視 prime beneficiary given thecity’s status as the leading offshore RMB centre.《2010多德－弗蘭克法案》，有機會放寬部份 Further out, US President Donald Trump has recently ordered to review金融監管條例，給其它地區金融監管方向帶 the 2010 Dodd-Frank act, which may result in relaxation of some restrictive來重大影響。 financial regulations and have important implications for regulatory regimes elsewhere.
以上種種的市場變化很可能有助本集團繼續 Such market dynamics can arguably work in theGroup’s favour as it在各方面拓展跨境業務，作為母行中信銀行 continues to expand its cross-border business on various fronts to fulfill的唯一海外國際化平台，並致力打造成為「最 its role as parentbank’s sole offshore international platform, and to strive佳海外綜合融資服務銀行」。2017年，我們將 to become “the best overseas integrated financial services provider”. For實施三管齊下的戰略，即持續業務轉型、持 2017, a three-pronged strategy will be adopted, i.e. continued business續投入金融科技與持續強化風險管理。 transformation, continued investment in technology and continued enhancement of risk management.
與中信銀行及中信集團的聯動合作是支持本 Capitalizing on close collaboration with CNCB and connection with the集團由傳統銀行業務向「輕資本、輕資產」 CITIC Group remains the bedrock of theGroup’s endeavour to diversify轉型的重要基石。隨著去年中信銀行與信銀 away from conventional banking operations to promote capital-light and國際銀企直聯的成功開通，中信銀行在岸客 asset-light growth. With cross-border host-to-host connectivity successfully戶，包括中信集團，可進行實時賬戶查詢以 established between CNCB and CNCBI last year, the onshore customers及香港子公司和關聯公司的內部轉賬，標誌 of CNCB, including the CITIC Group, can conduct account enquiries and著三方合作跨進了一大步。此外，中信銀行 internal transfers with their subsidiaries and associated companies in Hong與信銀國際作為聯席全球協調人，協助一家 Kong, representing a crucial step in strengthening the ties among the three中資企業完成了中國經濟史上最大一筆的海 entities. Meanwhile, CNCB and CNCBI acted as joint global coordinators外併購交易，是本集團與母行合作共贏的一 last year to help finance a mainland enterprise in the biggest ever overseas個重要里程碑。 acquisition in Chinese economic history, marking an important milestone in their collaborative effort.
未來，為企業兼併收購提供授信，推動資本 Going forward, arranging credit facilities for mergers and acquisitions,市場結構性融資，以及為內地企業海外業務 coupled with structured finance relating to capital market activities and和投資提供資金，仍是本集團授信業務發展 funding mainlandcorporations’ overseas businesses and investments, will重中之重。同時，本集團將依托新設立的債 remain the main focus of theGroup’s credit business development. The務資本市場部，為公司及零售客戶增添財資 Group will also leverage its newly launched DCM operations to enrich the產品。通過產品創新，可以協助客戶管理風 range of treasury products available to both corporate and retail clients.險，對沖利率和匯率波動，令財資業務發展 With ample room for developing a wider array of innovative products to大有前途。此外，本集團將不斷尋求機會開 help clients manage their risks and hedge against interest-rate and forex拓新業務，包括金融諮詢、托管與資產管理 movements, the treasury business of the Group is poised to enjoy promising服務，為客戶度身訂做全面的金融解決方案。 prospects. Moreover, the Group will explore the possibility of establishing new businesses, including financial advisory, custodian and asset
management services, with a view to providing clients with customized and
comprehensive financial solutions.
018中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
行政總裁報告 Report of the Chief Executive Officer
為促進新業務模式發展，本集團將持續投入 To facilitate the evolving new business model, continued investment in信息基礎設施建設。目前引入的財資系統， bolstering the technology backbone is essential. The current treasury是全球各大主要投資銀行與金融機構採用的 system adopted by the Group is a professional set-up used by investment系統，第二階段的升級工作會於年內完成。 banks and global financial institutions, and the second stage of the upgrade與此同時，當前使用的證券交易與財富管理 is scheduled for completion this year. Meanwhile, the existing equity trading系統將會被更換。在提供服務方面，會進一 and wealth management systems will be replaced. In terms of service步發展電子渠道，上線更多移動銀行應用程 delivery, electronic channels will be further developed, with more mobile式，改善客戶體驗，提高客戶滿意度，吸引 banking applications in the offing, which can enhance customer experience屬數碼世代的新客戶群體，並且減少物理網 and satisfaction, appeal to the digital generation of consumers and reduce點的經營成本。本集團亦會擴大資源投入增 the costs of operating physical channels. The Group is also planning to強銀行內部信息技術實力，從而減少外包服 allocate more resources to boost its in-house IT capability, aiming to務需求，並發展尖端金融科技。 reduce service outsourcing and develop proprietary cutting-edge financial technology applications.
除了科技方面的支援，健全的風險管理是本 In addition to the support of technology, sound risk management is vital集團穩健發展的另一個重要因素。鑒於美國 to generating healthy growth. With more interest rate hikes anticipated for未來有機會多次加息，美元與港元的息差可 the US ahead, the interest-rate differentials between the US dollar (“USD”)能會擴大，導致有資金流出香港。因此，我 and the Hong Kong dollar (“HKD”) may widen, sparking off a capital outflow們必須加強流動性風險管理，密切關注整體 from Hong Kong. As such, the Group must give top priority to liquidity流動性水平，尤其是美元和人民幣的頭寸。 risk management, closely monitoring the overall liquidity position and in同時，由於本集團推動發展電子銀行，因此 particular funding in USD and RMB. Meanwhile, as the Group continues會盡心竭力加強網絡保安。此外，為了進行 to promote digital banking, it will devote considerable effort to fortifying業務轉型，大力發展跨境融資業務與開發新 cyber security. Moreover, given ongoing business transformation with an產品和服務，本集團會繼續強化信貸風險管 emphasis on cross-border financing and the development of new products理，推廣注重風險的文化，向員工闡明我行 and services, the Group will continue to enhance credit risk management,核心價值、職業道德準則和行為規範，確保 and to uphold a robust risk culture with clearly defined values, ethics and前線人員秉承以客戶為尊的原則，並時刻對 behaviours, ensuring that front-line staff remain both customer-oriented反洗錢與合規風險提高警覺。 and constantly mindful of anti-money laundering (“AML”) controls and compliance risks.
2017年本集團面對的挑戰並不會少於過去 Compared with the past two years, the operating conditions in 2017 are兩年。然而，在母行的鼎力支持下，本集團 just as challenging, if not more. Nonetheless, empowered by a supportive將迎難而上，推進業務轉型，增強核心競爭 parent bank, the Group will soldier on in the face of overwhelming odds,力，創造更好業績，實現長期可持續發展。 revamping its business model and reinforcing its core competitiveness to achieve better results and deliver sustainable growth ahead.
張小衛
行長兼行政總裁
Zhang Xiaowei
President& Chief Executive Officer
香港，2017年3月21日
Hong Kong, 21 March 2017
二零一六年報 019
Annual Report 2016
2016業務回顧 2016 Review of Operations
公司及跨境業務部
Wholesale and Cross-Border Banking與中信銀行擔任聯合牽頭行，完成一項具里程碑意義的萬紅女士
銀團貸款，協助一家中資企業進行國內有史以來最大的執行董事、副行政總裁
一筆海外併購交易
公司及跨境業務總監
提升了經營結構性融資與銀團業務的實力，令手續費收入及總經營收入明顯增長
Ms. Margaret Man 開通了銀企直聯，進一步深化與中信銀行及中信集團的 Executive Director 協作聯動
Deputy Chief Executive Officer Acted with CNCB as joint global coordinators to lead a Group Head of Wholesale& landmark financing facility for the biggest ever overseas Cross-border Banking acquisition made by a Chinese enterprise
Enhanced structured finance and syndication capabilities contributed to strong growth in fee income and total operating income
Collaboration with CNCB and the CITIC Group was further strengthened by host-to-host system connectivity2016年市場環境與政治局勢不明朗，加上人 Market and political uncertainties, coupled with continued depreciation of民幣持續貶值，導致經營環境欠佳和變化不 the RMB, resulted in unfavourable and unpredictable operating conditions定。但儘管市場波動，公司及跨境業務部仍 in 2016. Despite the market volatility, Wholesale and Cross-Border Banking然發展不俗。總經營收入按年上升14.2%至 Group (“WBG”) delivered strong growth for the year. Total operating income40億港元，其中非利息收入錄得19.8%的顯著 grew by14.2% year on year toHK$4.0 billion; specifically, non-interest升幅。2016年末客戶貸款與客戶存款穩步增 income was up impressively by19.8%. Customer loans and customer加，較前年分別高9.1%和2.3%。公司及跨境 deposits as at end-2016 also recorded solid growth of9.1% and2.3%業務部能獲此佳績，得益於經營結構性融資 respectively from a year earlier. Such a good performance was attributable與銀團貸款業務能力的提升，與母行中信銀 to enhanced structured finance and syndication capabilities, strengthened行及中信集團的聯動增強，以及對海外業務 collaboration with CNCB and the CITIC Group, as well as increased投資的加大。 investment in overseas operations.
更強的結構性融資及銀團業務實力 Stronger Structured Finance and Syndication
由於中信銀行與中信集團擁有龐大的客戶網 Riding on a strong client network and extensive brand recognition of絡，其品牌獲得廣泛認可，加上本行經驗豐 both CNCB and the CITIC Group, together with the contribution of an富的結構性融資團隊的努力，2016年公司 experienced structured finance team, WBG achieved significant growth及跨境業務部在結構性融資與銀團貸款業 in the structured finance and syndication business in 2016. Fee income務方面錄得顯著增長。手續費收入按年激增 surged by138% year on year while there was a52% jump in syndicated138%，銀團貸款餘額也大幅上升52%，而且 loan balance with a wider net interest margin. Most notably, parent bank淨息差改善了。尤其值得提及的是，中信銀 CNCB and CNCBI acted as global coordinators to lead a few other banks to行與信銀國際作為聯合牽頭行，與多家銀行 complete a landmark financing facility in support of a Chinese enterprise機構共同為一家中資企業提供一項具里程碑 to acquire an overseas company. This transaction was the biggest ever意義的信貸便利，協助該企業成功收購一家 overseas acquisition deal sealed by a mainland Chinese corporation and海外公司，這是有史以來中國企業在海外進 was also the largest ever syndicated acquisition loan in Asia. It was awarded行最大的一筆併購交易，也是亞洲至今為止
020中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
2016業務回顧 2016 Review of Operations
2016年公司及跨境業務部經營收入分佈 2016年公司及跨境業務部貸款分佈 WBG Operating Income Breakdown 2016 WBG Customer Loans Breakdown 2016中國企業
China Corporates 18%
21%
26%
香港及國際企業
HK& Multinational 35% Corporates
地產融資
Real Estate Finance
7%
金融機構及 8%
公營機構
Financial Institutions and
Public Sector
其他 17%
Others 22%
23%
23%最大的銀團收購貸款，並獲亞太區貸款市場 “Asia Syndicated Leveraged and Acquisition Finance Deal of the Year” and公會評為「2016年度最佳聯合杠杆和收購融資 “Syndicated Deal of the Year” by the Asia Pacific Loan Market Association.交易」和「2016年度最佳銀團交易」。信銀國 The important role played by CNCBI in this transaction enabled it to際在此項交易中扮演重要角色，有助其在亞 establish a leading position inAsia’s syndicated loan market. Going forward,洲銀團貸款市場建立領導地位。未來，公司 WBG will continue to build up theBank’s market position and reputation及跨境業務部將進一步在此方面鞏固本行的 as a “solutions bank” for onshore companies to collaborate with in their市場地位與作為一家「方案銀行」的聲譽，為 expansion plans abroad via direct investments or strategic acquisitions.內地從事海外直接投資與策略性收購的企業
提供服務。
與中信銀行和中信集團更緊密合作 Closer Collaboration with CNCB and the CITIC Group公司及跨境業務部持續與中信銀行的分行協 WBG’s sustained effort in working synergistically withCNCB’s branches,力合作，不斷投入資源研發適時和高增值的 strong commitment to deploy resources to develop well-timed value-跨境金融產品，以及堅守以客為尊的原則推 added cross-border financial products and complete dedication to a展業務，取得了豐碩成果。去年本行與中信 customer-centric approach to conducting business have all proved銀行及中信集團的合作達到了新的高度，轉 rewarding. Collaboration with CNCB and the CITIC Group reached new介客戶產生的收入同比勁升63%，佔公司及跨 heights, as witnessed by a63% year-on-year increase in revenues derived境業務部總收入的33%。為了給對跨境金融產 from customer referrals, which accounted for33% ofWBG’s total income. To品與服務有強勁需求的大型境內公司營造更 proactively offer a better customer experience to large onshore corporations好的客戶體驗，本行在去年年中成立了一支 with significant demand for cross-border financial products and services, a新的團隊，專責處理特大項目，以及為中信 new team was set up in the middle of last year with the mandate to handle銀行及本行的戰略性客戶提供專門服務。 mega projects and service the strategic customers of both CNCB and the Bank.
在科技發展方面，中信銀行、中信集團與信 On technology, through the combined efforts of CNCB, the CITIC Group and銀國際共同努力，建立了銀企直聯系統，提 CNCBI, a new account aggregation service effected by host-to-host system供賬戶整合服務，以便境內公司更好地管理 connectivity was introduced to allow onshore companies to better manage其香港附屬公司的賬戶活動。該項新服務有 the account activities of their subsidiaries in Hong Kong. This service has助公司及跨境業務部繼續改良其服務平台。 enabled WBG to continue to upgrade the platform of delivering its services.
二零一六年報 021
Annual Report 2016
2016業務回顧 2016 Review of Operations
海外分行持續增長 Continued Growth in Overseas Branches
為促進海外業務發展，以及對在不同地區擁 WBG has succeeded in strengthening the management teams of both the有業務的客戶提升服務，公司及跨境業務部 New York Branch and the Los Angeles Branch in the US, in line with the強化了在紐約分行與洛杉磯分行的管理團 objective of bolstering its overseas operations and improving the service to隊。2016年，該兩家分行的客戶貸款分別錄 customers with businesses in different geographical locations. In 2016, these得56%和76%的增長。同時，為配合本行擴大 two branches enjoyed56% and76% year-on-year growth in their customer與中國內地以及「一帶一路」沿線國家的企業 loans respectively. Moreover, in accordance with theBank’s strategy to跨境業務合作，公司及跨境業務部將結構性 expand its cross-border business with the companies in mainland China as融資及財資業務覆蓋範圍擴展至所有分行， well as in the countries along “One Belt, One Road”, WBG has extended its包括新加坡分行及澳門分行。至此，本行已 structured finance and treasury business coverage to all overseas branches,建立了健全的業務網絡，為在不同地區擁有 including Singapore and Macau. As such, it has created a well-established業務的中信銀行及信銀國際的企業客戶提供 network with broad capabilities to service those corporate customers of各種服務。 both CNCB and CNCBI which have operations in different regions.健全的風險管理 Sound Risk Management
公司及跨境業務部以推進有效的風險管理作 A key toWBG’s growth strategy is the promotion of effective risk為實現增長的重要一環，在實施擴張計劃的 management. While implementing expansion plans, it would ensure that同時，必須確保業務活動與本行整體發展戰 the business activities conducted were in conformity with theBank’s overall略及風險偏好相符合。儘管外部環境充滿挑 strategies and risk appetite. Despite a persistently challenging external戰，去年資產素質保持穩健。公司及跨境業 environment, asset quality remained healthy last year. WBG was able to務部成功地在維持盈利增長與控制信貸風 strike a balance between driving earnings growth and curbing credit risk,險之間取得平衡，撥備損失較前一年減少 reducing impairment losses by27.0% compared with the preceding year.27.0%。
2017年展望 2017 Outlook
我們對今年的基本看法是，世界經濟會稍微 Our base-case scenario for this year is that global economic growth will加速增長，而中國經濟增長則大致保持平 accelerate moderately whileChina’s economy will stay largely stable, giving穩，對銀行業的經營有利，商機也會增多。 rise to an environment that is more conducive tobanks’ operations with然而，這預測很大機會需要向下修訂，視乎 increasing business opportunities. However, it is important to note that the美國的新政府會否推行急進的政策，衝擊全 downside risks to this scenario are particularly high given that the new US球經濟。 administration may adopt some bold policies that can impact negatively on the global economy.
022中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
2016業務回顧 2016 Review of Operations
與此同時，中國流入與流出的跨境直接投資 Meanwhile,China’s cross-border direct investments, both inbound and將持續增長。尤其是流出的直接投資，可能 outbound, will continue to grow. In particular, outbound direct investments會因內地企業加速海外擴張步伐而進一步爆 are expected to surge further as mainland enterprises step up their efforts發。加上中國外貿持續復蘇，這將有助刺激 to seek overseas expansion. Together with a sustained recovery inChina’s對公司及跨境業務部的產品與服務的需求。 trade sector, this should result in a further rise in the demand for the但另一方面，人民幣持續貶值導致中央政府 products and services of WBG. On the other hand, measures undertaken by採取控制資本外流的措施，卻可能削弱此需 the central government to discourage capital outflows caused by continued求並影響我們的業務。有鑑於此，增強與中 depreciation of the RMB may dampen such demand and affect business信銀行及中信集團的協作和聯動仍是公司及 flows. As a result, close collaboration with CNCB and the CITIC Group will跨境業務部的核心策略。在緊隨中國政府的 remain the core strategy of WBG. In sympathy with the key economic主要經濟發展方針的前提下，公司及跨境業 development initiatives of the Chinese government, WBG will continue to務部將繼續充分利用中信銀行在內地的廣泛 leverage the extensive branch network of CNCB in the mainland and the分行網點與中信集團遍佈全球的業務網絡， wide global business coverage of the CITIC Group to develop its businesses.不斷發展自身業務。
展望未來，公司及跨境業務部將繼續升級業 Looking ahead, WBG will keep upgrading its operations, investing in務運作、加大科技投入並招賢納才，以實現 technology and attracting new talents to ensure long-term sustainable長期可持續發展；又將專注於改善收入結 growth. It will focus on improving its income structure by means of realizing構，爭取較高的資產收益率與各種產品的費 better return on assets and increasing fee income from a diversified product用收入；同時要擴大客戶基礎，吸收穩定的 mix. It will also strive to strengthen its balance sheet by attracting stable存款，鞏固資產負債表。公司及跨境業務部 deposits from a larger and broader customer base. WBG is confident of深信可以保持增長動力，爭取在各方面繼續 maintaining its growth momentum, continuing to achieve encouraging取得長足進步，為本行作出重大貢獻。 progress in various businesses and making significant contribution to the Bank.
二零一六年報 023
Annual Report 2016
2016業務回顧 2016 Review of Operations
個人及商務銀行部
Personal and Business Banking
簡吳秋玉女士
經營收入23.8億港元，按年上升19.6%，再創歷史記錄執行董事、替任行政總裁
個人及商務銀行業務總監 客戶存款增至新高，達1,139.1億港元，同比增長11.0%
Mrs. Helen Kan
Operating income hit another record high ofHK$2.38 Executive Director
billion, up19.6%
Alternate Chief Executive Officer
Group Head of Personal&
Customer deposits grew to a new high ofHK$113.91 billion, Business Banking
up11.0%
雖然市場環境多變且充滿挑戰，個人及商務 Personal& Business Banking Group (“PBG”) continued to gain business銀行部繼續保持強勁的業務增長動力。經營 growth momentum despite a dynamic and challenging market收入23.8億港元，再創歷史新高，較2015年上 environment. Operating income for the year achieved another record high升19.6%。稅前收入同樣刷新紀錄，達9.65億 ofHK$2.38 billion, representing a19.6% growth against 2015. Profit before港元，按年增長25.1%。 taxation also set a new record ofHK$965 million, up25.1% year on year.通過與母行中信銀行加強協作，加上拓展本 PBG’s customer base was strengthened through deeper collaboration with地富裕階層市場，以及實現商務銀行客戶和 parent bank CNCB, penetration into local affluent markets, more acquisition高資產值客戶較快增長，個人及商務銀行部 of business banking customers and stronger growth of high net worth強化了客戶基礎。年內財富管理業務也獲得 customers. PBG Wealth Management also posted strong results.佳績。
2016年末，客戶存款上升至1,139.1億港元的 At end-2016, customer deposits reached a new high ofHK$113.91 billion,新高，較2015年末增長11.0%。個人及商務 representing an increase of11.0% versus end-2015. PBG exercised prudent銀行部在追求優質貸款的同時，會謹慎地管 credit risk management when looking for high-quality loans. Customer理信貸風險。2016年末，客戶貸款按年上升 loans grew4.8% year on year to reachHK$42.71 billion as at end-2016.4.8%至427.1億港元。受惠於存款及貸款增 Benefitting from growth in both deposits and loans, 2016 net interest長，2016年淨利息收入比前年高19.4%，而非 income rose by19.4% year on year. Meanwhile, non-interest income in 2016利息收入則按年增加19.9%至7.9億港元。年內 rose by19.9% year on year toHK$790 million. Total operating expenses經營支出較2015年增加16.9%，主要因為我們 increased by16.9% versus 2015, which was a result of our commitment to持續投入先進科技，增強基礎設施系統及電 investing in advanced technologies to enhancePBG’s infrastructure systems子渠道實力。由於有審慎的信貸風險管理， and e-channel capabilities. Loan impairment losses were further reduced2016年貸款撥備損失減少至3,340萬港元，淨 toHK$33.4 million in 2016 on the back of prudent credit risk management,減值比率維持在0.08%的合理水平。 with net impairment ratio remaining at a healthy rate of0.08%.
024中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
2016業務回顧 2016 Review of Operations
HK’s first-ever CNCBI “Deposit A/C Binding” to Wechat Pay First Business Banking Center in Central
全港首創信銀國際存款戶口綁定Wechat Pay 首間商務銀行中心設於中環
增進跨境聯動 Strengthened Cross-Border Collaboration
私人銀行業務加快增長，歸功於與母行中信 Private banking business experienced rapid growth due to close connection銀行的分行緊密地協作聯動，有助向跨境高 with the branches of parent bank CNCB, which facilitated the provision of資產值客戶提供個人化服務。年內私人銀行 personalized services to high net worth cross-border customers. Operating經營收入創出新高，較2015年颷升逾3倍。 income of private banking hit an all-time high, surging over 3 times from與2015年末比較，私人銀行2016年末所管理 2015, while its customer assets under management and the number的客戶資產規模及客戶數量分別大增38.7%和 of customers as at end-2016 rose by38.7% and172.9% respectively as172.9%。 compared to end-2015.
強化銷售渠道 Enhanced Distribution Channels
個人及商務銀行部不斷提升其電子銀行業務 PBG continued to enhance its e-capabilities to provide borderless banking的實力，提供無界限的銀行服務。為改善本 services. With the aim to improve customer experience for both local地與跨境客戶的客戶體驗，本行與騰訊簽訂 and cross-border customers, our strategic alliance with Tencent has been新的合作協議，加強戰略聯盟，令本行可以 further strengthened through the signing of a new merchant agreement受益於微信的市場推廣計劃。2016年9月， to benefit from WeChat marketing programmes. In September 2016, CNCBI通過綁定存款戶口，信銀國際成為首家在市 became the first Bank in the market to offer WeChat peer-to-peer (“P2P”)場推出微信點對點服務的銀行。隨後，個人 service via deposit account binding. Later in the year, PBG also opened the及商務銀行部在中環開設了首個商務銀行中 first business banking centre in Central to provide a full range of banking心，提供全方位銀行服務，滿足商務銀行客 services catering to the borrowing and investment needs of business戶的借貸與投資需求。 banking customers.
二零一六年報 025
Annual Report 2016
2016業務回顧 2016 Review of Operations
Won “The most Favorite
Mobile Banking Service
Award”
榮獲「我最喜愛的
流動銀行服務」大獎
產品推陳出新 Increased Innovative Products
個人及商務銀行部設計多種產品組合以切合 PBG designs various product mixes to matchcustomers’ savings, borrowing客戶的儲蓄、借貸與投資需求。2016年，個 and investment needs. In 2016, PBG launched five new Premium Financing人及商務銀行部推出五款嶄新的卓越融資產 products which helped to drive lending balance and revenue. In addition,品，帶動貸款餘額及收入增長。此外，個人 PBG established relationships with three new fund management companies及商務銀行部與三家基金管理公司合作，引 and introduced over 30 new funds/fund share classes. Remarkably, PBG was進30多種新基金╱不同類型的基金。不得不 one of the first banks to launch mutual recognition funds in the market. PBG提的是，信銀國際是在香港率先推出互認基 also became one of the top retail banking distributors with three equity-金的銀行之一。同時，在股票掛鉤投資產品 linked investments (“ELI”) issuers on the shelf after adding Credit Suisse to方面，加入了瑞士信貸為我行平台上第三家 the platform. To respond to customer needs and market sentiment, we發行機構，帶動信銀國際在零售銀行之中此 expanded our bond business by launching over 50 bonds during 2016,類產品銷售佔前列位置。為滿足客戶需求和 which led to a41.8% year-on-year increase in bond fee income. To satisfy適應市場氣氛變化，我們擴充了債券業務， customers’ various protection needs, PBG also launched a wide range of於2016年推出逾50支債券，債券費用收入因 insurance products, including Personal Accident Plan, ManuEssential Care,此按年上升41.8%。再者，為滿足客戶對不同 ManuPrestige/ManuPrestige Protector, ManuSilver Care, ManuAmber Care保險保障的需求，個人及商務銀行部提供了 and 8-Year Saver Endowment Plan.
一系列產品，包括個人意外計劃、樂康無憂
危疾保、富譽儲蓄保障計劃╱富譽儲蓄保障
計劃（特級保障）、樂齡關懷保障計劃、珀齡
關懷保障計劃以及賞裕8年儲蓄保障計劃。
審慎管理資產素質 Prudent Asset Quality Management
個人及商務銀行部執行嚴格的信貸風險管 PBG adopts rigorous credit risk management procedures to ensure that理，以確保資產素質維持良好。加上收款成 asset quality remains at healthy levels. As a result, coupled with the help of效顯著，個人及商務銀行部能夠實現較低不 effective collection efforts, PBG was able to achieve lower delinquency rates.良貸款比率。2016年貸款撥備損失較前年減 Loan impairment losses in 2016 wereHK$33.4 million,10.8% lower than that少10.8%至3,340萬港元，淨減值比率處0.08% of 2015. Net impairment ratio remained low at0.08% in 2016. In addition,的低水平。此外，與行業指標比較，住房按 residential mortgage delinquency ratio remained at a low level against揭貸款的拖欠比率亦維持在低水平。 industry benchmark.
市場廣泛認同 Wide Market Recognition
個人及商務銀行部的努力備受同儕贊賞。去 PBG’s efforts have been well-recognized by various industry players. Last年本行贏得了多個獎項，包括在由南華早報
year it was awarded several prizes, including “Company for Financial Planning與香港財務策劃師學會合辦的2016年「財務
Excellence of the Year 2016” presented by the South China Morning Post/策劃師大獎」中榮獲「卓越財務策劃公司大
Institute of Financial Planners of Hong Kong Financial Planner Awards, “The
獎」，在由《晴報》主辦的「Banking& Finance
Most Favorite Mobile Banking Services Award” in the Banking& Finance
Award2016」中榮獲「我最喜愛的流動銀行服
Award 2016 organized by Sky Post, “The Best Fin Tech (Emerging Solutions)
026中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
2016業務回顧 2016 Review of Operations
Won “The Best Fin Tech
(Emerging Solutions)
Certificate of Merit”
榮獲「最佳金融科
技（新興解決方案）
優異證書」
務」大獎，在由香港政府資訊科技總監辦公室 Certificate of Merit” in Hong Kong ICT Awards 2016, and two prizes by Metro主辦的「2016香港資訊及通訊科技獎」中榮獲 Finance, namely “Metro Finance Hong KongLeaders’ Choice Awards 2016–「最佳金融科技（新興解決方案）優異證書」， Excellent Brand of Private Banking and Excellent Brand of Mobile Banking”.以及在由新城財經台主辦的「香港企業領袖品
牌2016」中榮獲兩個獎項，即「卓越私人銀行
服務品牌」及「卓越流動銀行服務品牌」。
2017年展望 2017 Outlook
踏入2017年，英國進行脫歐，美國新任總統 Going into 2017, the global environment is filled with uncertainties with上場後對市場產生震盪，令全球環境充滿變 Britain’s exit from the European Union (“Brexit”) and the new US presidency數。樂觀地說，世界經濟的增長動力有望稍 creating volatility in the market. On a positive note, the world economy微增強。以發達國家而言，美國經濟快速擴 seems poised for mildly stronger growth. Among developed countries, a張，可以抵消歐元區的增速放緩。而倚靠出 faster expansion of the US economy is likely to offset slightly slower growth口商品的發展中國家復蘇，又可以彌補中國 of the Eurozone, while a rebound in commodity-exporting emerging經濟增長進一步減速。 markets may compensate for a further slowdown inChina’s growth momentum.
然而，石油及其他商品價格攀升，以及美國 However, better prospects for oil and other commodities, as well as the加快加息令美元走強，可能會增加2017年的 USD’s appreciation made possible by more frequent rate hikes in the US, will營商風險。與此同時，英國與歐盟就脫歐一 likely create greater business risks in 2017. Formal talks for the UK to leave事展開談判，主要歐洲國家進行大選，美國 the European Union, key ballots in major European countries, the looming新一屆政府傾向支持貿易保護主義，以及中 threat of protectionism created by the new US government, and economic國經濟出現調整，都會令全球經濟發展前景 adjustments in mainland China will also cast uncertainty over the global蒙上陰影。凡此種種情況，會繼續為營商環 economic outlook. Under such circumstances, the business operating境帶來考驗。 environment will remain challenging.
藉著與母行中信銀行的緊密協作聯動，個人 PBG will continue to enhance its competitive edges by capitalizing on close及商務銀行部會不斷增強自身的競爭優勢。 collaboration with parent bank CNCB. The close integration of our cross-由於跨境基礎設施日益完善，我們可以保持 border infrastructure will enable us to sustain quality growth and earnings.高質量的增長與盈利。我們會集中加強核心 We will focus on reinforcing our core businesses by providing customers業務，提供全面的銀行解決方案，協助客戶 with total banking solutions in wealth management and SME business的財富管理以及中小型企業的生意往來。 activities.
個人及商務銀行部以客戶體驗作優先考慮， Customer experience is our top priority. PBG will further invest in digital將不斷擴大其電子及網上銀行平台，為善用 and internet banking platforms to enhance customer experience and先進科技的客戶群提供便利。個人及商務銀 convenience for our increasingly mobile and tech-savvy customer base. PBG行部一直致力於提升員工的才能，實現卓越 is always committed to raising our bar in staff competence and governance
管治。相信只要與客戶携手，幫助他們致 excellence. We believe that we are well-positioned to grow further as we
富，我們就能繼續增長。 partner with our clients to help them achieve their future financial success.
二零一六年報 027
Annual Report 2016
2016業務回顧 2016 Review of Operations
財資及環球市場部
Treasury and Markets
柏立軍先生
由於成功把握利率走勢與交易機會，2016年投資收入替任行政總裁
大幅增長
代理司庫
Mr. Bai Lijun 環球市場部團隊擺脫對單一產品的依賴，使2016年銷 Alternate Chief
售收入得到改善
Executive Officer
Acting Treasurer
Investment income in 2016 grew strongly due to successful exploitation of interest-rate trends and trading opportunities
The Global Markets team overcame the reliance on a single product to improve its marketing revenues in 20162016年離岸人民幣匯率與利率波動，英國決 The volatility in offshore RMB exchange rate and interest rates, together with定脫歐，以及美國總統選舉存在變數，令經 Britain’s decision to leave the European Union (“Brexit”) and the uncertainty營環境充滿挑戰。但即使面對考驗，財資及 clouding the US presidential election, resulted in a challenging operating環球市場部仍然能善用美元和離岸人民幣的 environment in 2016. Despite these headwinds, Treasury and Markets利率走勢，把握好交易機會，使投資收入錄 Group (“TMG”) registered strong growth in investment income by taking得強勁增長。與此同時，環球市場部團隊擺 advantage of the USD and CNH interest-rate trends and capturing trading脫對單一產品的依賴，提供有效方案滿足客 opportunities. Meanwhile, the Global Markets team overcame the reliance戶對風險對沖、融資和投資的需求，銷售收 on a single product and offered effective solutions to satisfycustomers’入較前一年溫和增長。 needs for risk hedging, financing and investment, achieving a moderate growth in marketing revenues when compared to the previous year.投資獲利與審慎管理流動性 Rewarding Investment and Prudent Liquidity Management2016年固定收益市場跌宕起伏。世界經濟 The fixed income market saw wide fluctuations in 2016. While the world本已增長乏力，年中英國出人意料地通過脫 economy was struggling to gain growth momentum, deflationary concerns歐，進一步加深市場對通縮的憂慮，導致美 were exacerbated by an unexpected Brexit in the middle of the year,國國債收益率下跌至歷史低位，美國聯邦儲 which drove US Treasury yields to all-time lows and caused the Federal備局的利率正常化計劃停滯不前。針對市場 Reserve’s rates normalization plan to come to a standstill. TMG proactively情況，財資及環球市場部積極而謹慎地擴大 and cautiously expanded the size ofCNCBI’s bond portfolio in view of such信銀國際的債券組合規模，促使第三季度應 market conditions, which increased theBank’s accrued interest income and計利息收入增加，其後將之出售而獲利。第 provided it with capital gains on disposal during the third quarter. In the四季度，美國新一任總統當選，市場加劇波 fourth quarter, volatility intensified when a new US president was elected.動。財資及環球市場部小心翼翼，迅速部署 TMG reacted prudently and promptly by reducing theBank’s interest-rate減少本行的利率風險敞口。因此，2016年債 exposure. As a result, bond investment-related income for 2016 increased券投資相關收入按年顯著增加，利息收入上 significantly year on year, as interest income grew by29% while trading升29%，交易收入更大增3.6倍。 income surged by 3.6 times.
028中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
2016業務回顧 2016 Review of Operations
Won the “Best Investment
Grade Bond” award
榮獲「最佳投資級別
債券」大獎
鑒於去年金融市場不明朗又不穩定，財資及 In view of the uncertainties and volatilities in financial markets last year,環球市場部保持審慎的流動性風險管理。 TMG kept a prudent stance in managing liquidity risk. Average liquidity2016年末平均流動性維持比率與貸存比率分 maintenance ratio and loans to deposits ratio were maintained at healthy別維持在60.8%和74.7%的合理水準。尤其是 levels of60.8% and74.7% respectively at end-2016. In particular, the off-離岸人民幣貸存比率，控制在35.7%水準，能 shore RMB loans to deposits ratio was well controlled at35.7%, which夠減輕短期利率波動所帶來的影響。年內本 mitigated the volatility in short-term interest rates. The launch of a new行推出新的內部定價框架，有望實現更理想 internal pricing framework is expected to further drive desirable balance-的資產負債表管理。在集團層面，由於海外 sheet behaviour. On the group level, overseas funding arrangement has分行的資產負債表及交易規模日益增大，本 been established with a focus on prudent liquidity risk management, as行對海外融資已經作出妥善安排，著重審慎 the balance sheet of overseas branches and their transaction volumes地管理流動性風險。上述措施為本集團未來 have become increasingly material. This has laid a solid foundation for the資產負債表的穩健及高效發展奠定了堅實基 Group’s balance sheet to grow in a healthy and efficient manner ahead.礎。
產品多樣化與債務資本市場業務令客戶 Effective Client Solutions with Diversified Products and DCM方案更有效 Business
財資及環球市場部的營銷團隊與公司及跨境 TMG’s marketing team worked closely with both WBG and PBG to provide業務部和個人及商務銀行部緊密合作，為本 financial solutions to help theBank’s clients manage their forex and interest-行客戶提供金融解決方案，協助其管理外匯 rate exposures against extreme market volatilities resulting from RMB與利率風險，應對由人民幣貶值、英國脫歐 depreciation, Brexit and the US presidential election. Yield enhancement與美國總統大選在市場所引發的大幅波動。 products were offered to them to capture opportunities arising from this其中，提升收益的產品可以幫助客戶利用市 volatility, while RMB-related structured deposits were launched to take場波動所製造的機會，而在高息的環境下， advantage of the high interest-rate environment.
本行亦提供人民幣相關的結構性存款產品。
二零一六年報 029
Annual Report 2016
2016業務回顧 2016 Review of Operations
通過增加標準產品的銷售，以及推出有效的 The Global Markets team overcame the reliance on a single product by方案，滿足客戶在對沖人民幣貶值風險方面 strengthening the sales of flow products and successfully launching的需求，環球市場部團隊擺脫了對單一產品 effective solutions which suitedclients’ risk hedging needs to cope with的依賴。加上年中本行設立了債務資本市場 RMB depreciation. Combined with efforts to set up the Debt Capital Markets部，在產品類別多樣化方面作出努力，環球 (“DCM”) business and diversify the product range, the Global Markets team市場部團隊的銷售收入比前年略高。 achieved sales revenues that were slightly ahead of the previous year.財資及環球市場部於2016年6月展開債務資本 TMG’s DCM business was established in June 2016 to enhance its client市場業務，旨在增強客戶服務能力，並已在 service capability, and has already secured a good foundation despite fierce激烈的市場競爭中佔有一席地位。從業務推 market competition. Since the launch of the business, DCM successfully led出起計，2016年債務資本市場部已成功完成 13 deals in 2016.
13項交易。
2016年，財資及環球市場部提升了固定收入 TMG expanded its fixed income trading capability in 2016 to cater for the產品交易能力，滿足本行客戶對債券投資的 bond investment needs of theBank’s clients. Bond transaction volumes of需求。去年債券交易規模較2015年增加5倍， the Bank increased by fivefold last year compared to 2015, with the sales其中對零售客戶的銷售量亦顯著上升。 volume attributable to retail clients also being boosted substantially.系統基礎設施升級 Upgrade in System Infrastructure
財資及環球市場部持續投資基礎設施建設， TMG continued to invest in infrastructure and successfully completed the去年成功完成了財資系統MUREX第一階段 installation of the first phase of the treasury system MUREX last year. This的安裝工作。因此，本行可提供更豐富的財 has increased theBank’s treasury product range in order to better serve資產品類別，更好地滿足客戶需求，並加強 clients’ needs and strengthened its risk management capability. In addition,風險管理能力。此外，本行已著手開發一個 the Bank has started the development of an electronic platform for dealing財資產品的電子交易平台，計劃於2018年 in treasury products which is targeted to roll out in 2018 for relationship推出，協助個人及商務銀行部客戶經理在財 managers in PBG to facilitate automation in the execution of treasury資產品交易上實行自動化操作。此平台的最 products. The ultimate aim of this electronic platform is to allow theBank’s終目標是要在線上滿足客戶的大部份財資需 clients to fulfill most of their treasury needs online, thereby enabling the求，使本行可以與更大的客戶群進行交易， Bank to increase the scalability of its treasury business with a significantly從而大力擴充財資業務。 broader client base.
030中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
2016業務回顧 2016 Review of Operations
2017年展望 2017 Outlook
展望2017年，宏觀經濟環境仍然不明朗， Looking ahead, a lack of visibility in the macro environment continues to將繼續給財資及環球市場部帶來考驗。特朗 pose challenges to TMG in 2017. Policy risks related toTrump’s presidency普就任美國總統後引發政策風險，歐洲政治 and likely changes to the European political landscape will induce growing局面又可能進一步變化，為經濟前景增添了 uncertainties. Volatility is expected to rise owing to the theme of global變數。由於全球流動性由新興市場流向發達 liquidity moving from emerging markets to developed markets, with市場，市場波動相信亦會加劇，其中人民幣 the RMB forex and interest-rate markets under particular focus.China’s外匯與利率市場將成為各方焦點。中國房地 overheated housing sector and potential trade conflicts with the US are also產市場過熱，與美國又可能出現貿易摩擦， causes for concern. Bond yields and interest rates may rise, but at the same同樣令人憂慮。雖然債券收益與利率有望走 time liabilities cost may also increase as short-term deposits are rolled over,高，但短期存款期滿需要續期，會使負債成 presenting challenges to theBank’s net interest margin.
本上升，令本行淨息差受壓。
與此同時，金融市場波動令本行客戶更加需 Meanwhile, volatilities in financial markets should heighten the hedging要進行對沖，刺激其對財資產品的需求，以 needs of theBank’s clients and stimulate their demand for treasury products抵消匯率及利率風險。因此波動亦可以帶來 to hedge forex and interest-rate exposures. There will also likely be more更多交易機會。 trading opportunities associated with such volatilities.
財資及環球市場部與母行中信銀行緊密合 With increased synergy derived from close collaboration with parent bank作，可產生更佳的協同效應，未來將繼續重 CNCB, TMG will continuously focus on cross-selling opportunities arising點把握債務資本市場業務帶來的交叉銷售機 from the DCM business in an effort to provide not only off-balance sheet會，努力為客戶提供表內表外財資方案。 but also on-balance sheet treasury solutions to clients.
此外，財資及環球市場部加強了對機構客戶 Furthermore, enhanced institutional sales capability of TMG will help the的銷售能力，有助本行將財資業務擴展至金 Bank extend its treasury business to cover clients in the financial sector,融板塊客戶，又可為交易團隊增加交易量， generate more trade flows for the trading team, strengthen its trading強化其交易能力，以及支援債務資本市場業 capability and bolster the DCM business.
務發展。
儘管外部環境挑戰重重，財資及環球市場部 Despite various challenges posed by the external environment, TMG will將繼續密切關注市場發展動向，謹慎地捕捉 continue to monitor market developments closely, and prudently seize機會，為客戶與本行創造更多價值。 opportunities to add value to clients and the Bank.
二零一六年報 031
Annual Report 2016
2016業務回顧 2016 Review of Operations
企業社會責任 Corporate Social Responsibility計劃3年投放共2,000萬港元推動電子學習平台「TouchEnglish」，幫助過萬名基層學童提升英語能力 A total ofHK$20 million has been earmarked for the
development of e-learning platform TouchEnglish over a 3-year span with a view to enhancing the English proficiency of more than 10,000 students from underprivileged backgrounds中信銀行（國際）有限公司（「信銀國際」）暨 China CITIC Bank International Limited (“CNCBI”) and its subsidiaries各附屬公司（統稱「本集團」）一直致力履行良 (together the “Group”) have been eager to uphold the spirit of good好企業公民責任，在用心經營銀行業務，提 corporate citizenship. While considerable effort has gone into conducting供創新優質服務之餘，同時積極推動公益事 banking business and providing quality and innovative services, the Group業，關懷弱勢社群。 has also been keen to drive worthy causes to serve the underprivileged community.
2016年本集團企業社會責任工作取得突破性發 The Group in 2016 broke new ground in the area of corporate social展。信銀國際將本身致力抓緊「互聯網＋」時 responsibility (“CSR”). In view of the myriad opportunities brought forth by代機遇、矢志成為流動銀行先行者的精神， theInternet+ era, CNCBI extended its pioneering spirit in mobile banking延伸至企業社會責任領域，集中資源成功建 to the area of CSR and focused resources on building e-learning platform立「TouchEnglish」電子學習平台，務求提供 TouchEnglish in an effort to facilitate effective learning for the benefit of as有效益的學習途徑，儘可能讓最多的基層學 many students from underprivileged backgrounds as possible. Meanwhile,童受惠。同時，由不同部門管理層代表組成 a CSR Committee was assembled to include management staff from various的企業社會責任委員會亦於年內成立，冀望 CNCBI departments with the aim of bringing together theindividuals’凝聚各方專長和網絡，提升有關工作的管治 professional strengths and networks to enhance the governance of related水平，並將貢獻社會的公益精神滲透集團每 initiatives while helping the philanthropic spirit to permeate the Group.個角落。
電子學習平台初見成效 E-learning Platform Shows Promise
本集團相信知識改變未來，今日教育造就明 Convinced that knowledge changes the future and thattoday’s education日社會，一直以基層學童教育為企業社會責 shapestomorrow’s society, the Group has always prioritised underprivileged任的發展重點。 students’ education in its CSR development.
自2008年起與聖雅各福群會攜手合作，舉辦 In 2008, the Group collaborated with St.James’ Settlement to undertake the「中信銀行國際知識天使培育計劃」，為基層 “CITIC Bank International Knowledge Angel Project”, which provided free家庭學童提供免費功課輔導，該計劃於2012 tutorials to students from underprivileged backgrounds. The project was年升格為持續3年的「中信銀行（國際）知識天 expanded in 2012 into the 3-year “CNCBI Knowledge Angel Academy”. Over
032中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
2016業務回顧 2016 Review of Operations
使書院」，8年間惠及1,300名學童。2015年計 the 8years’ span, 1,300 students reaped the benefits. At theAcademy’s end劃完滿結束，超過半數受惠學童在中、英、 in 2015, more than half of the participants showed improvement in the數主科取得進步，其中更有逾兩成升中學童 major subjects of Chinese language, English language and Mathematics.成功入讀競爭激烈的英文中學，比例優於全 More than20% of the Primary 6 participants secured sought-after places港英中學位競爭數字，成績令人鼓舞。 at English-medium-instruction secondary schools. Encouragingly, this percentage was higher than the competition rate of such school places in Hong Kong.
在這個寶貴基礎上，信銀國際進一步革新傳 Building on the foundation of the Academy, CNCBI sought to transform統學習模式，務求擴大並深化有關工作，計 traditional learning in a bid to increase the breadth and depth of related劃3年內投放共2,000萬港元，夥拍在電子學習 undertakings, with aHK$20 million pledge over a 3-year span for the領域擁有豐富經驗及龐大網絡的電子學習聯 launch of TouchEnglish in partnership with resourceful e-learning veteran盟，為全港基層學童推出「TouchEnglish」， e-Learning Consortium. This learning-effective platform is expected to help希望透過具成本及學習效益的電子學習平 at least 10,000 students from underprivileged backgrounds to improve their台，讓至少一萬位基層學童事半功倍地愉快 English skills with pleasure and greater effectiveness and increase their self-提升英語能力，並增強個人自信。 confidence, achieving cost-effectiveness at the same time.
「TouchEnglish」是一個遊戲式的愉快電子 A gamified programme with an emphasis on happy learning, TouchEnglish學習平台，學童透過每日投入約30分鐘，完 engages students in daily 30-minute learning by giving them games and成不同的遊戲或任務，有系統地提高英語能 tasks with the aim of increasing their English proficiency in a progressive力。電子平台超越傳統教學模式的局限，以 manner. The programme pushes the envelope of traditional learning多姿多彩的電子遊戲引發學習興趣，其「以人 models by increasingstudents’ English learning interest via a stimulating為本」的設計，能依據學生不同能力及學習進 e-learning platform. It embodies a people-oriented concept which seeks to展分派程度合適的題目，針對學習差異，大 close the learning gaps among different participants as they are assigned大提升學習效益。同時，平台會為家長及教 games and tasks in accordance with their individual ability and progress.師提供學習報告，透過家校合作協助學童穩 The programme also facilitates parent-school collaboration by providing步成長。 parents and teachers with learning reports, helping the students to make steady progress.
為評估電子學習平台的成效並確保運作暢 In order to gauge the effectiveness of the e-learning platform and ensure順，在2016年3月至7月期間，4間小學共900 the smooth running of TouchEnglish, a pilot programme was launched位基層學生獲邀參加「TouchEnglish」先導計 from March to July 2016 with the participation of 900 underprivileged劃，短短4個月內學童無論在學習興趣、英語 students from 4 primary schools. The students achieved tremendous results程度及信心方面都取得卓越的成績： after that short period of time in terms of learning interest, competence in English and self-confidence:
平均每名學童作答近1,200條題目，等同完 An average of about 1,200 questions, the equivalent of the amount成10本以上補充練習 contained in over 10 supplementary exercise books, were answered by each of the students
英語能力提升超過20% An increase of more than20% in English proficiency
二零一六年報 033
Annual Report 2016
2016業務回顧 2016 Review of Operations
5成學童克服對英語恐懼 50% of the students conquered their fears of learning English滿意自己英語水平的學童由37%增至74% The percentage of students satisfied with their English skills rose to74% from37%
「TouchEnglish」於2016學年正式推出，截至 TouchEnglish was launched officially at the start of the 2016 academic2016年底，已有超過20間小學成功申請，逾 year. As at end-2016, more than 9,000 students from more than 20 primary9,000名學童正免費參與其中。 schools have already enrolled successfully in the free programme.貢獻社會不遺餘力 Sustained Contribution to Community Well-being除了策略性地發展基層學童教育工作，本集 The Group spares no effort to support good causes in addition to團亦積極支持多項公益活動。2016年8月， the strategic focus on education for students from underprivileged信銀國際首席贊助香港兒童交響樂團「2016 backgrounds. In August 2016, CNCBI acted as the principal patron of歸來音樂會」，並免費送贈300張門票予 the China Post Tour Concert 2016 by Hong KongChildren’s Symphony「ToughEnglish」先導計劃中的4間小學，期 Orchestra and gave away 300 complimentary tickets to the 4 primary望學童藉著欣賞高水平的交響樂演奏拓闊視 schools participating in the TouchEnglish pilot programme. It was野，在樂韻悠揚中探索音樂之美，締造一個 hoped that thestudents’ horizons would be broadened by immersion難忘的暑期回憶。 in an exploratory journey of quality music which would also give them a memorable summer holiday.
本集團員工同樣熱心參與公益活動，信銀國 Staff of the Group also showed equal enthusiasm about taking part in際連續第7年支持由環保團體綠色力量舉辦的 worthy causes. For instance, CNCBI had for 7 consecutive years supported「環島行慈善行山比賽」，贊助近50名員工組 environmental group GreenPower’s annual Green Power Hike. Last year成12支企業隊伍參加10公里、25公里及50公 CNCBI sponsored about 50 staff members to form 12 corporate teams里賽事，支持綠色力量推行本地環保教育工 for the 10km, 25km and 50km hikes with all the proceeds going to the作。期內，員工亦積極支持「公益綠識日」， organisation’s local environmental education programmes. During the year為香港公益金資助的服務作出貢獻。 under review, theGroup’s staff also contributed to the services supported by The Community Chest by participating in theorganisation’s Green Day donation drive.
提升企業社會責任管治 Enhancing CSR Governance
2016年信銀國際成立企業社會責任委員會， In 2016, CNCBI established its CSR Committee, which is chaired by the由行政總裁辦公室總監出任主席，成員來自 Director of CEO Office. Committee members include management staff不同部門的管理層，職能包括審批、監察及 who are in turn responsible for such functions as the approval, governance考核各項企業社會責任工作，並鼓勵員工積 and assessment of various CSR initiatives, as well as encouraging staff極參與公益活動等，務求妥善發揮對公益事 participation. This is to ensure that resources are appropriately and業的投放，確保各項目符合本集團的核心價 effectively used in CSR undertakings which are in line with theGroup’s core值及發展方向。 values and development strategies.
公益事業備受肯定 Token of Acknowledgement
信銀國際繼續榮獲香港社會服務聯會頒發10 CNCBI received The Hong Kong Council of SocialService’s 10 Years Plus年PLUS「商界展關懷」標誌，以及香港公益金 Caring Company Logo and a Bronze Award from The Community Chest的「商業及僱員募捐計劃」銅獎，以表揚為弱 of HongKong’s Corporate and Employee Contribution Programme for its
勢社群持續作出的貢獻和承擔。 continuous contribution and commitment to the underprivileged.
034中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
董事簡介
Biographies of Directors
孫德順先生 Mr. Sun Deshun
（董事長） (Chairman)
於2013年3月15日獲委任為本行董事，並於2015年 Appointed Director of the Bank on 15 March 2013 and further elected5月15日獲推選為本行董事長。孫先生現為中信 Chairman on 15 May 2015. Mr. Sun is an Executive Director and President of銀行股份有限公司執行董事兼行長和中信國際金 China CITIC Bank Corporation Limited and a Non-executive Director of CITIC融控股有限公司非執行董事。彼擁有超過30年的 International Financial Holdings Limited. Mr. Sun has more than 30 years of中國銀行業經驗，於2011年加入中信銀行股份有 experience in the banking industry in China. Before joining China CITIC Bank限公司前，孫先生曾任交通銀行北京管理部副總 Corporation Limited in 2011, he had served in Bank of Communications as裁及其北京市分行行長，此前，孫先生在中國工 Vice President of its Beijing Management Department and President of the商銀行海淀區辦事處、海淀區支行、北京分行及 Beijing Branch. Prior to that, he had worked in the Haidian Office, Haidian Sub-總行數據中心（北京）等單位擔任多個職位，包 branch, Beijing Branch and Head Office Data Centre (Beijing) of The Industrial括北京分行行長助理、副行長以及總行數據中心 and Commercial Bank of China in various positions including Assistant（北京）總經理。孫先生亦曾任職於中國人民銀 President and Vice President of its Beijing Branch and General Manager of the行。孫先生於東北財經大學畢業，獲經濟學碩士 Head Office Data Centre (Beijing). He had also worked in ThePeople’s Bank of銜，並獲中國工商銀行頒授「高級經濟師」之名 China. Mr. Sun graduated from Dongbei University of Finance and Economics銜。 with aMaster’s Degree in Economics. He was named a “Senior Economist” by The Industrial and Commercial Bank of China.
張小衛先生 Mr. Zhang Xiaowei
（執行董事、行長兼行政總裁） (Executive Director, President& Chief Executive Officer)
於2012年10月22日獲委任為本行董事兼行政總 Appointed Director and Chief Executive Officer of the Bank on 22 October裁，張先生現為本行執行董事、行長兼行政總 2012. Mr. Zhang is presently an Executive Director, President and Chief裁，亦為中信銀行國際（中國）有限公司董事 Executive Officer of the Bank. He is also Chairman of CITIC Bank International長。張先生乃資深銀行家，於中國內地及香港銀 (China) Limited. A veteran banker with 32 years of experience in the banking行業擁有32年豐富經驗，曾出任中信銀行股份有 industries in Mainland China and Hong Kong, Mr. Zhang was formerly a限公司非執行董事、中國農業銀行及交通銀行多 Non-executive Director of China CITIC Bank Corporation Limited and had個重要職位，以及交通銀行香港分行副行長及招 held various senior positions at Agricultural Bank of China and Bank of商銀行香港分行行長。加入本行前，張先生為永 Communications. He was also Vice President of the Hong Kong Branch of隆銀行常務董事兼總經理及替任行政總裁。張先 Bank of Communications and President of the Hong Kong Branch of China生持有北京經濟學院經濟學學士學位及中國人民 Merchants Bank. Prior to joining the Bank, Mr. Zhang was an Executive銀行研究生部貨幣銀行學碩士學位。於2013年8 Director, General Manager and Alternate Chief Executive Officer of Wing月，彼獲香港銀行學會委任為副總裁。 Lung Bank. Mr. Zhang holds aBachelor’s Degree in Economics from the Beijing Economics Institute and aMaster’s Degree in Monetary and Banking from the Graduate School of ThePeople’s Bank of China. He was appointed Vice President of The Hong Kong Institute of Bankers in August 2013.萬紅女士 Ms. Margaret Man
（執行董事、副行政總裁兼公司及跨境業務總監） (Executive Director, Deputy Chief Executive Officer and Group Head of Wholesale於2012年6月28日獲委任為本行董事兼副行政總 and Cross-border Banking Group)
裁，萬女士現亦為本行公司及跨境業務總監，以 Appointed Director and Deputy Chief Executive Officer of the Bank on 28及中信銀行國際（中國）有限公司副董事長。萬 June 2012. Ms. Man is also Group Head of Wholesale and Cross-border女士擁有近31年金融業務經驗，曾任中國人民銀 Banking of the Bank, and Vice Chairman of CITIC Bank International (China)行總行處長及中國新技術創業國際有限公司副董 Limited. Ms. Man has about 31 years of experience in the banking and事總經理等多個重要職位。萬女士畢業於山西財 finance industry. She had held a number of senior positions including經大學，獲經濟學學士學位，後又於中國人民銀 Division Chief of ThePeople’s Bank of China and Deputy Managing Director行金融研究所研究生部深造，獲經濟學碩士學 of China Venturetechno International Co Ltd. Ms. Man graduated from位。 Shanxi Financial and Economics University with aBachelor’s Degree in Economics and further studied for aMaster’s Degree in Banking and Finance at the Graduate School of ThePeople’s Bank of China.
二零一六年報 035
Annual Report 2016
董事簡介 Biographies of Directors
簡吳秋玉女士 Mrs. Helen Kan
（執行董事、替任行政總裁兼個人及商務銀行業 (Executive Director, Alternate Chief Executive Officer and Group Head of Personal務總監） & Business Banking)
於2013年3月15日獲委任為本行董事兼替任行政總 Appointed Director and Alternate Chief Executive Officer of the Bank裁。簡太現亦為本行個人及商務銀行業務總監。 on 15 March 2013. Mrs. Kan is also Group Head of Personal& Business簡太擁有30年銀行及金融業經驗，曾出任多個高 Banking of the Bank. She has 30 years of experience in the banking and級職位，涵蓋香港、中國內地以及環球市場，橫 finance industry. Over the years, Mrs. Kan had held various senior positions跨多個銀行及金融業務範疇。加入本行前，簡太 across a broad spectrum of banking and finance exposures in Hong Kong,曾出任渣打銀行環球營銷網絡主管，負責發展及 Mainland China and other global markets. Prior to joining the Bank, she管理該行覆蓋全球33個地區超過1,400萬客戶的營 was Standard CharteredBank’s Global Head of Distribution in charge of the銷網絡。簡太持有香港大學管理及經濟學榮譽學 strategic development and performance of distribution channels across 33士學位，以及法學碩士學位。 geographic locations covering a global customer population in excess of 14 million. Mrs. Kan holds an Honours Degree in Management and Economics, and aMaster’s Degree in Laws from The University of Hong Kong.方合英先生 Mr. Fang Heying
（非執行董事） (Non-executive Director)
於2016年3月24日獲委任為本行董事。方先生為中 Appointed Director of the Bank on 24 March 2016. Mr. Fang is currently信銀行股份有限公司副行長兼財務總監，亦為中 Vice President and Chief Financial Officer of China CITIC Bank Corporation信國際金融控股有限公司非執行董事及信銀（香 Limited. He is also a Non-executive Director of CITIC International Financial港）投資有限公司董事。方先生於1996年加入中 Holdings Limited and a Director of CNCB (Hong Kong) Investment Limited.信銀行股份有限公司，曾任蘇州分行行長、杭州 Mr. Fang joined China CITIC Bank Corporation Limited in 1996 and was分行行長以及金融市場業務總監，並於2014年11 formerly the President of Suzhou Branch, President of Hangzhou Branch月起擔任副行長。方先生於湖南財經學院畢業， and Business Director of Financial Markets. He served as a Vice President獲金融學學士學位，並於北京大學考獲高級管理 of China CITIC Bank Corporation Limited since November 2014. Mr. Fang人員工商管理專業碩士學位。 graduated from Hunan College of Finance and Economics with aBachelor’s Degree in Finance and obtained an ExecutiveMaster’s Degree in Business Administration from Peking University.
張強先生 Mr. Zhang Qiang
（非執行董事） (Non-executive Director)
於2013年4月15日獲委任為本行董事。張先生現為 Appointed Director of the Bank on 15 April 2013. Mr. Zhang is currently Vice中信銀行股份有限公司副行長和信銀（香港）投 President of China CITIC Bank Corporation Limited, Director of CNCB (Hong資有限公司及信銀（香港）資本有限公司董事， Kong) Investment Limited and CNCB (Hong Kong) Capital Limited. He彼於1990年加入中信銀行股份有限公司後曾出任 joined China CITIC Bank Corporation Limited in 1990 and has held various多個要職，包括信貸部、營業部和公司銀行部總 senior positions, including General Manager of Credit Department, Business經理，以及濟南分行和青島分行行長。彼於中國 Department and Corporate Banking Department, and President of Jinan銀行業擁有超過28年工作經驗。張先生於中南財 Branch and Qingdao Branch. Mr. Zhang has over 28 years of experience in經大學（現稱中南財經政法大學）畢業，獲經濟 the banking industry in China. He graduated from Zhongnan University of學學士學位，並於遼寧大學獲金融學碩士學位。 Finance and Economics (now known as Zhongnan University of Finance,張先生曾獲中國中信集團有限公司頒授「高級經 Economics and Law) with aBachelor’s Degree in Economics and obtained a濟師」之名銜。 Master’s Degree in Finance from Liaoning University. Mr. Zhang was granted the title of “Senior Economist” by CITIC Group Corporation.
036中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
董事簡介 Biographies of Directors
湯世生先生 Mr. Tang Shisheng
（獨立非執行董事） (Independent Non-executive Director)
於2013年11月13日獲委任為本行獨立非執行董 Appointed Independent Non-executive Director of the Bank on 13事。湯先生為華多九州科技股份有限公司董事 November 2013. Mr. Tang is Chairman of Hodojou Technology Co., Ltd.,長、北京中科軟件有限公司執行董事以及洲際油 Executive Director of Beijing Sinosoft Co., Ltd., and Independent Director氣股份有限公司、惠生工程技術服務有限公司和 of Geo Jade Petroleum Corporation, Wison Engineering Services Co. Ltd.重慶三峽銀行股份有限公司獨立董事，擁有豐富 and Chongqing Three Gorges Bank Co., Ltd. He has extensive experience in金融業及證券業經驗。湯先生畢業於湖南財經學 finance and securities industries. Mr. Tang graduated from Hunan College院，獲金融學專業（本科）學士學位，並考獲中 of Finance and Economics with aBachelor’s Degree in Finance. He received國人民銀行總行研究生院經濟學碩士學位和中國 hisMaster’s Degree in Economics andDoctor’s Degree in Economics社會科學院研究生院經濟學博士學位。湯先生於 respectively from the Graduate School of ThePeople’s Bank of China and1993年獲中國人民建設銀行頒授「高級經濟師」之 the Graduate School of Chinese Academy of Social Sciences. Mr. Tang was名銜。 granted the title of “Senior Economist” by ThePeople’s Construction Bank of China in 1993.
曾璟璇女士 Ms. Tsang King Suen Katherine
（獨立非執行董事） (Independent Non-executive Director)
於2016年12月1日獲委任為本行獨立非執行董事和 Appointed Independent Non-executive Director and Chairman of the信貸及風險管理委員會主席。曾女士是亞洲金融 Credit& Risk Management Committee of the Bank on 1 December 2016.界與工商界受認可的一員，於2012年被《財富》雜 Ms. Tsang is a well-recognised member of the Asian financial and business誌評選為「中國最具影響力的25位商界女性」的第 community. Fortune Magazine (China) named her as No. 6China’s Most6位，而2010年至2013年均被列入首25位的榜內。 Influential Businesswomen in 2012 and she was on the top 25 list from曾女士為巨溢資本創始人，巨溢是一家專注於大 2010 to 2013. Ms. Tsang is the founder of Max Giant, a group of asset中華市場的資產管理公司。彼亦為美國蓋璞（紐 management companies with a focus on China. She is also an Independent約交易所上市公司）的獨立董事，以及倫敦金融 Non-executive Director of Gap Inc. (listed in New York), a member of the城中國咨詢委員會和上海交通大學校董會成員。 Advisory Council for China of the City of London, and an honorary board曾女士曾於渣打銀行任職逾二十年，她於2014年8 member of Shanghai Jiao Tong University. Ms. Tsang was formerly with月退休前的最後職位是大中華區主席。曾女士於 Standard Chartered Bank for over 20 years with her last role as Chairperson加拿大亞伯達大學考獲商學士學位。 of Greater China before she retired in August 2014. She attained her Bachelor of Commerce Degree from University of Alberta, Canada.王國樑先生 Mr. Wang Guoliang
（獨立非執行董事） (Independent Non-executive Director)
於2016年8月12日獲委任為本行獨立非執行董事， Appointed Independent Non-executive Director of the Bank on 12 August並於2016年11月2日獲委任為審核委員會主席。王 2016 and elected as Chairman of Audit Committee on 2 November 2016.先生為教授級高級會計師，現為國家電網公司外 Mr. Wang is a professor-level senior accountant and is currently Outside部董事及中國太平保險集團有限責任公司獨立非 Director of State Grid Corporation of China and Independent Non-executive執行董事。王先生亦曾任中國石油天然氣集團公 Director of China Taiping Insurance Group Limited. Mr. Wang worked司總會計師及崑崙銀行董事長，擁有豐富金融及 as Chief Accountant of China National Petroleum Corporation and was會計經驗。王先生畢業於哈爾濱商業大學，獲經 Chairman of Bank of Kunlun. He has extensive experience in finance and濟學學士銜，並於河北大學考獲世界經濟專業碩 accounting. Mr. Wang graduated from Harbin University of Commerce士研究生資格。 with aBachelor’s Degree in Economics. He received hisMaster’s Degree in International Economics from Hebei University.
武捷思先生 Mr. Wu Jiesi
（獨立非執行董事） (Independent Non-executive Director)
於2013年8月5日獲委任為本行獨立非執行董事。 Appointed Independent Non-executive Director of the Bank on 5 August武先生為深圳市富海銀濤資產管理股份有限公司 2013. Mr. Wu is Chairman of Shenzhen Fuhaiyintao Asset Management董事長，亦為北京控股有限公司、中國太平保險 Co., Ltd. He is also an Independent Non-executive Director of Beijing控股有限公司以及中國工商銀行（亞洲）有限公 Enterprises Holdings Limited, China Taiping Insurance Holdings Company司的獨立非執行董事，以及深圳控股有限公司及 Limited and The Industrial and Commercial Bank of China (Asia) Limited,銀基集團控股有限公司之非執行董事。武先生擁 and Non-executive Director of Shenzhen Investment Limited and Silver有豐富企業管理、投資及金融業經驗。武先生於 Base Group Holdings Limited. Mr. Wu has extensive experience in corporate中國人民銀行金融研究中心獲經濟學博士銜，並 management, investment and finance. He holds aDoctor’s Degree in於中國南開大學完成理論經濟學博士後研究，於 Economics from The Research Institution of ThePeople’s Bank of China. Mr.2001年獲中國南開大學頒授教授資格。 Wu conducted post-doctorate research work in theoretical economics at Nankai University and was conferred a professorship qualification by Nankai
University in 2001.
二零一六年報 037
Annual Report 2016
高級行政人員簡介
Biographies of Senior Executives黃致遠先生 Mr. Roy Huang
(替任行政總裁、首席法律顧問及內部監控總監) (Alternate Chief Executive Officer, General Counsel and Group Head of Internal於2004年11月加入本行為高級副總裁、法律顧問 Control)
兼合規部主管。黃先生現為本行替任行政總裁、 Joined the Bank in November 2004 as Senior Vice President, General首席法律顧問及內部監控總監，亦為中信國際金 Counsel and Head of Compliance. Mr. Huang is currently an Alternate Chief融控股有限公司集團法律顧問，負責管理法律及 Executive Officer, General Counsel and Group Head of Internal Control of內部監控事宜。黃先生擁有超過35年香港和美國 the Bank as well as Group General Counsel of CITIC International Financial法律及監管事務經驗。加入本行之前，黃先生為 Holdings Limited with his scope of responsibility encompassing the安達信國際公司合夥人，主管亞太區法律事務。 management of legal and internal control affairs. Mr. Huang has more than黃先生畢業於加州柏克萊大學及喬治敦大學法學 35 years of legal and regulatory experience in Hong Kong and the United院，持有歷史學士學位及法律博士學位。 States. Before joining the Bank, Mr. Huang was partner-in-charge of legal affairs Asia-Pacific at Andersen Worldwide. Mr. Huang graduated from The University of California, Berkeley, with an Artium Baccalaureus in History and Georgetown University Law School with a Juris Doctor Degree.柏立軍先生 Mr. Jeffery Bai
(替任行政總裁及代理司庫) (Alternate Chief Executive Officer and Acting Treasurer)
於2015年12月加入本行出任代理司庫，並於2016 Joined the Bank in December 2015 as Acting Treasurer and appointed年4月20日獲委任為本行替任行政總裁。柏先生負 Alternate Chief Executive Officer of the Bank on 20 April 2016. Mr. Bai責本行財資及環球市場部的工作，加強資金及流 is responsible for theBank’s Treasury& Markets Group with a view to動性管理，積極推動本行與中信銀行及中信集團 strengthen funding and liquidity management, in addition to a focus on的聯動合作，壯大業務發展。自2006年由北京銀 driving CNCB- and CITIC group-related collaboration for enhanced business行轉投中信銀行後，他在金融市場方面取得卓越 development for the Bank. He joined China CITIC Bank Corporation Limited成績。2009年，他兼任中信集團董事長辦公室的 from Bank of Beijing in 2006 and advanced his banking career in financial公司治理和集團項目職務，並協助集團董事長處 markets. In 2009, he took up an additional role in corporate governance理日常事務。加入本行前，柏先生為中信銀行董 and projects at the Chairman Office of CITIC Group, assisting theGroup’s事及監事會辦公室副總經理。柏先生持有天津南 Chairman with business affairs. Prior to joining the Bank, Mr.Bai’s was開大學經濟學院經濟學學士學位及北京中國人民 CNCB’s Deputy General Manager of the Office of the Board of Directors and大學財政金融學院金融學碩士學位。 Supervisors. Mr. Bai holds a Bachelor of Economics Degree from the School of Economics at Nankai University in Tianjin and a Master of Finance Degree from the School of Finance at Renmin University of China in Beijing.李錫生先生 Mr. John Lee
(人事總監) (Chief Personnel Officer)
於2006年7月加入本行為高級副總裁。李先生現為 Joined the Bank in July 2006 as Senior Vice President. Mr. Lee is now Chief本行人事總監，亦為中信國際金融控股有限公司 Personnel Officer of the Bank and Head of Group Human Resources of CITIC集團人力資源總監。李先生於渣打銀行服務超過 International Financial Holdings Limited. He started his banking career20年，曾任職該行的資訊科技部、零售銀行部、 at Standard Chartered Bank in an information technology function and人力資源部及亞太地區合併項目業務等的管理 served for 20 years in various management positions in several business層。加入本行之前，李先生於地鐵有限公司（現 and support functions, including consumer banking, human resources,稱香港鐵路有限公司）任職人力發展部主管。李 and post-merger integration in Asia Pacific. Before joining the Bank, Mr.先生持有加拿大加爾頓大學經濟學學士學位及美 Lee headed the people development function in The Mass Transit Railway國奧克拉荷馬市大學工商管理碩士學位。 Corporation Limited (now known as MTR Corporation Limited). Mr. Lee holds aBachelor’s Degree in Economics from Carleton University, Ottawa, Canada, and aMaster’s Degree in Business Administration from Oklahoma City University, Oklahoma, the United States.
梁建文先生 Mr. Michael Leung
(資訊科技及營運總監) (Chief Information and Operations Officer)
於2013年12月加入本行為資訊科技及營運總監， Joined the Bank in December 2013 as Chief Information and Operations負責全面管理本行資訊科技及營運。梁先生擁有 Officer responsible for managing theBank’s information technology and超過30多年資訊科技及營運管理經驗，曾任職於 operations. Mr. Leung has over 30 years of experience in technology and多間本地及國際機構，包括美國銀行（亞洲)、 operations management from various local and international organisations渣打銀行、道亨銀行、IBM、羅兵咸，以及飛利 including Bank of America (Asia), Standard Chartered Bank, Dao Heng Bank,浦電腦及通訊公司。加入本行前，梁先生為中 IBM, Price Waterhouse, and Philips Telecommunication and Data Systems.國建設銀行（亞洲）副行長兼資訊科技總監。梁 Before joining the Bank, Mr. Leung was Deputy Chief Executive and Chief先生持有香港中文大學電子學學士學位、美國 Information Officer of China Construction Bank (Asia). Mr. Leung holds維珍尼亞大學商業管理研究院研究文憑和荷蘭 aBachelor’s Degree in Electronics from The Chinese University of Hong Netherlands UniversitiesFoundation工程學碩士學 Kong, a Postgraduate Diploma from the Graduate School of Retail Bank
位。 Management at The University of Virginia in the US, and aMaster’s Degree
in Engineering from Netherlands Universities Foundation.
038中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
高級行政人員簡介 Biographies of Senior Executives
譚日恭先生 Mr. Elton Tam
(財務總監) (Chief Financial Officer)
於2014年12月加入本行為財務總監，同時兼任中 Joined the Bank in December 2014 as Chief Financial Officer. Mr. Tam also信國際金融控股有限公司集團財務總監。譚先生 serves as Group Chief Financial Officer of CITIC International Financial擁有逾30年會計及財務管理經驗，加入本行前， Holdings Limited. Mr. Tam has more than 30 years of experience in為大新銀行有限公司總經理及集團財務總監，他 accounting and financial management. Prior to joining the Bank, Mr.亦曾於渣打銀行集團香港、中國大陸及台灣地區 Tam was General Manager and Group Financial Controller of Dah Sing出任多個高級財務職位，橫跨零售銀行、財資及 Bank, Limited. Before that, he had held various senior finance positions批發銀行等不同業務範疇。譚先生獲香港大學社 at Standard Chartered Bank Group across different business areas such會科學學士學位、香港中文大學金融學理學碩士 as consumer banking, treasury and wholesale banking in Hong Kong,學位、香港城市大學工商管理學博士學位及上海 Mainland China and Taiwan. Mr. Tam graduated from The University of財經大學經濟學博士學位。他為香港會計師公 Hong Kong with a Bachelor of Social Science Degree, The Chinese University會、英國特許公認會計師公會和英格蘭及威爾斯 of Hong Kong with a Master of Science Degree in Finance, City University特許會計師協會資深會員，以及中國註冊會計師 of Hong Kong with a Doctor of Business Administration Degree and協會、美國註冊會計師協會及加拿大特許專業會 Shanghai University of Finance and Economics with a Doctorate Degree計師協會會員。 in Economics. He is a fellow member of Hong Kong Institute of Certified Public Accountants, Association of Chartered Certified Accountants of the UK and The Institute of Chartered Accountants of England and Wales. He is also a qualified member of Chinese Institute of Certified Public Accountants of China, American Institute of Certified Public Accountants and Chartered Professional Accountants of Canada.
關建輝先生 Mr. David Kwan
(風險管理總監) (Chief Risk Officer)
於2009年加入本行為信貸風險管理部主管，並於 Joined the Bank in 2009 as Head of Credit Risk Management and was2013年兼任副風險管理總監。關先生現為本行風 appointed Deputy Chief Risk Officer in 2013. Mr. Kwan is currently the險管理總監，負責監控各項主要風險。關先生有 Bank’s Chief Risk Officer responsible for managing all key risks of the Bank.超過30年銀行業經驗。加入本行之前，關先生為 Mr. Kwan has more than 30 years of banking experience. Prior to joining荷蘭銀行香港分行亞洲區域風險辦公室企業信貸 the Bank, he was Head of Corporate Credit Risk, Regional Risk Office風險主管，他亦曾任職於法國巴黎銀行香港分 (Asia) of ABN-AMRO Bank NV (Hong Kong Office). Over the years, he had行、香港滙豐銀行和荷蘭合作銀行香港分行，於 accumulated a wealth of experience in risk management from a fruitful銀行界閱歷豐富。關先生在加拿大接受教育，持 career at banking institutions including BNP Paribas Hong Kong, HSBC and有愛德華王子島大學文學學士學位、達爾豪斯大 Rabobank Hong Kong Branch. Mr. Kwan received his education in Canada.學工商管理碩士學位、西蒙菲莎大學計算科學深 He holds a Bachelor of Arts Degree from University of Prince Edward Island,造文憑，及後更獲英國曼徹斯特都市大學法律學 Master of Business Administration Degree from Dalhousie University and士學位。 Post-baccalaureate Diploma in Computing Science from Simon Fraser University. He subsequently obtained a Bachelor of Laws (LLB) Degree from Manchester Metropolitan University, United Kingdom.
劉月屏女士 Ms. Zoe Lau
(行政總裁辦公室總監) (Director of CEO Office)
於2007年8月加入本行為高級副總裁兼財富管理 Joined the Bank in August 2007 as Senior Vice President and Head of Wealth及策略規劃部主管。劉女士現為本行行政總裁辦 Management& Strategic Planning. Ms. Lau is currently Director of CEO公室總監，負責協調企業項目和行政總裁相關事 Office of the Bank and is responsible for coordinating various corporate務，並掌管本行之品牌管理、企業傳訊及投資者 initiatives and activities for the Chief Executive Officer, as well as overseeing關係。劉女士於主要跨國銀行的信用卡、支付服 theBank’s brand management, corporate communications and investor務、財富管理業務及策略規劃方面擁有超過20年 relations. Ms. Lau has over 20 years of experience in the areas of cards,的資歷，亦曾在加拿大及香港的廣告及市場推廣 payment services, wealth management and strategic planning with major領域上累積了多年工作經驗。加入本行之前，劉 multinational banks in Hong Kong. Ms. Lau had also worked extensively in女士為香港美國運通銀行大中華地區業務推廣部 the advertising and marketing industry in Canada and Hong Kong. Before主管。劉女士持有香港大學社會科學學士學位。 joining the Bank, Ms. Lau was Head of Marketing, Greater China, American Express Hong Kong. Ms. Lau holds aBachelor’s Degree of Social Sciences
from The University of Hong Kong.
二零一六年報 039
Annual Report 2016
高級行政人員簡介 Biographies of Senior Executives
文月晶女士 Ms. Rita Man
(合規總監) (Chief Compliance Officer)
於2005年2月加入本行為高級法律顧問。文女士現 Joined the Bank in February 2005 as Senior Counsel. Ms. Man is currently為本行合規總監，負責管理本行所有合規事宜。 theBank’s Chief Compliance Officer and is responsible for managing the文女士擁有超過30年法律、合規及銀行經驗。文 overall compliance function in the Bank. Ms. Man has more than 30 years of女士曾任職本地一間具規模的銀行為管理培訓 experience in the legal, compliance and banking areas. Ms. Man started her生，並在隨後10年時間累積起豐富的銀行經驗。 career as a management trainee in a leading bank in Hong Kong and gained其後10年，文女士以私人執業律師身份為多間香 comprehensive banking experience in a span of 10 years. Ms. Man spent港及中國內地銀行提供銀行、融資及訴訟等事務 the following 10 years as a lawyer in private practice, offering professional的專業法律服務。文女士持有香港中文大學工商 legal service in banking, financing and litigation to various banks in Hong管理學士學位、香港大學法學專業證書，和北京 Kong and Mainland China. Ms. Man holds aBachelor’s Degree in Business大學的法學學士學位，並擁有香港高等法院接納 Administration from The Chinese University of Hong Kong, a Postgraduate的律師資格。 Certificate in Laws from The University of Hong Kong, and aBachelor’s Degree in Laws from Peking University. She was admitted as a solicitor of the High Court of Hong Kong.
丘仲文先生 Mr. David Yau
(稽核總監) (Chief Auditor)
於2014年11月加入本行為稽核總監。丘先生擁有 Joined the Bank in November 2014 as Chief Auditor of the Bank. Mr. Yau has超過20年金融行業經驗。加入本行之前，丘先生 more than 20 years of experience in the finance industry. Before joining the為德勤中國金融服務行業企業風險管理合夥人。 Bank, he was a Partner and China National Financial Services Risk Solutions他曾於多個國際金融機構擔任高級管理職位，其 Leader for Enterprise Risk Service of Deloitte Touche Tohmatsu. He had中包括富通集團、荷蘭銀行集團、德意志銀行集 held senior management positions with Fortis Group, ABN AMRO Group,團、野村國際（香港）有限公司以及美國信孚銀 Deutsche Bank Group, Normura International (Hong Kong) Limited and行（香港)。丘先生持有英國曼徹斯特大學經濟學 Bankers Trust Company Hong Kong. Mr. Yau is a Fellow Member of Hong學位，並為香港會計師公會、英格蘭及威爾斯特 Kong Institute of Certified Public Accountants, The Institute of Chartered許會計師公會以及澳洲會計師公會資深會員。 Accountants in England& Wales and The Institute of Chartered Accountants in Australia. He graduated from The University of Manchester with aBachelor’s Degree in Economics.
040中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
企業資料
Corporate Information
董事會 Board of Directors
董事長 Chairman
孫德順先生 Mr. Sun Deshun
執行董事 Executive Directors
張小衛先生（行長兼行政總裁） Mr. Zhang Xiaowei (President& Chief Executive Officer)
萬紅女士（副行政總裁） Ms. Margaret Man (Deputy Chief Executive Officer)
簡吳秋玉女士（替任行政總裁） Mrs. Kan Ng Chau Yuk Helen (Alternate Chief Executive Officer)
非執行董事 Non-executive Directors
方合英先生 Mr. Fang Heying
張強先生 Mr. Zhang Qiang
獨立非執行董事 Independent Non-executive Directors
湯世生先生 Mr. Tang Shisheng
曾璟璇女士 Ms. Tsang King Suen Katherine
王國樑先生 Mr. Wang Guoliang
武捷思先生 Mr. Wu Jiesi
審核委員會 Audit Committee
王國樑先生（主席） Mr. Wang Guoliang (Chairman)
方合英先生 Mr. Fang Heying
武捷思先生 Mr. Wu Jiesi
註冊辦事處 Registered Office
香港德輔道中61至65號 61-65 Des Voeux Road Central, Hong Kong
電話：(852) 3603 6633 Tel: (852) 3603 6633
傳真：(852) 3603 4000 Fax: (852) 3603 4000
www.cncbinternational.com www.cncbinternational.com
核數師 Auditor
羅兵咸永道會計師事務所 PricewaterhouseCoopers
二零一六年報 041
Annual Report 2016
董事會報告書 Report of the Directors
董事會謹將截至2016年12月31日止年度的報告書 The Directors have pleasure in submitting their annual report together with及經審核財務報表呈覽。 the audited financial statements for the year ended 31 December 2016.主要營業地址 Principal place of business
中信銀行（國際）有限公司（「本行」）為於香港註冊 China CITIC Bank International Limited (the “Bank”) is a licensed bank成立的持牌銀行，並以香港為辦事處所在地，其 incorporated and domiciled in Hong Kong and has its registered office at註冊辦事處位於香港德輔道中61至65號。除了香 61-65 Des Voeux Road Central, Hong Kong. The Bank has branches outside港，本行在澳門、開曼群島、新加坡、紐約及洛 Hong Kong and operating in Macau, the Cayman Islands, Singapore, New杉磯均設有分行。 York and Los Angeles.
主要業務 Principal activities
本行和各附屬公司（「本集團」）的主要業務是在香 The principal activities of the Bank and its subsidiaries (the “Group”) are the港提供一般銀行及相關金融服務。本行各主要附 provision of general banking and related financial services, primarily in Hong屬公司於2016年12月31日的詳情載於財務報表附 Kong. Particulars of theBank’s principal subsidiaries as at 31 December 2016註21內。 are set out in note 21 to the financial statements.
財務報表 Financial statements
本行及附屬公司截至2016年12月31日止年度的綜 The consolidated profit of the Bank and its subsidiaries for the year ended合溢利載於第56頁的綜合收益表內。 31 December 2016 is set out under the consolidated income statement on page 56.
股息 Dividend
董事會不建議派發截至2016年12月31日止年度末 The Directors do not recommend the payment of any dividend for the year期股息（2015年：無）。 ended 31 December 2016 (2015: Nil).
股本 Share capital
截至2016年12月31日止年度，本行於2016年1月26 During the year ended 31 December 2016, the Bank issued a total of日以每股港幣1元向控股公司中信國際金融控股有 1,800,000,000 ordinary shares atHK$1.00 each to its holding company, CITIC限公司發行共1,800,000,000股普通股，有關本行的 International Financial Holdings Limited, on 26 January 2016 (2015: Nil).股本詳情可參閱財務報表附註29。 Details of the share capital of the Bank are set out in note 29 to the financial statements.
額外權益工具 Additional equity instrument
截至2016年12月31日止年度，本行於2016年9月29 During the year ended 31 December 2016, the Bank priced its日為符合《巴塞爾協定三》的500,000,000美元永續 US$500,000,000 Basel III compliant Undated Non-cumulative Subordinated型非累積後償額外一級資本證券定價，並簽署具 Additional Tier 1 Capital Securities with the legal binding subscription有法律約束力的認購協議（2015年︰無），有關本 agreements signed on 29 September 2016 (2015: Nil). Details of the行的額外權益工具詳情可參閱財務報表附註30。 additional equity instrument of the Bank are set out in note 30 of the financial statements.
股票掛鈎協議 Equity-linked agreements
於截至2016年12月31日止年度，本行並無訂立任 For the year ended 31 December 2016, the Bank has not entered into any
何股票掛鈎協議。 equity-linked agreement.
042中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
董事會報告書 Report of the Directors
董事 Directors
(a)本行董事 (a) Directors of the Bank
截至本報告書日期止，本行董事會成員如下： As at the date of this report, the Board of Directors of the Bank comprises:董事長 Chairman
孫德順先生 Mr. SUN Deshun
執行董事 Executive Directors
張小衛先生（行長兼行政總裁） Mr. ZHANG Xiaowei (President& Chief Executive Officer)
萬紅女士（副行政總裁） Ms. Margaret MAN (Deputy Chief Executive Officer)
簡吳秋玉女士（替任行政總裁） Mrs. KAN NG Chau Yuk Helen (Alternate Chief Executive Officer)
非執行董事 Non-executive Directors
方合英先生（於2016年3月24日獲委任） Mr. FANG Heying (appointed on 24 March 2016)
張強先生 Mr. ZHANG Qiang
獨立非執行董事 Independent Non-executive Directors
湯世生先生 Mr. TANG Shisheng
曾璟璇女士（於2016年12月1日獲委任） Ms. TSANG King Suen Katherine (appointed on 1 December 2016)曾耀強先生 Mr. TSANG Yiu Keung Paul
王國樑先生（於2016年8月12日獲委任） Mr. WANG Guoliang (appointed on 12 August 2016)
武捷思先生 Mr. WU Jiesi
根據本行的公司組織章程細則第97條，所有現任 In accordance with Article 97 of theBank’s Articles of Association, all present董事須在下屆股東週年大會上依章告退，並可膺 Directors shall retire from office by rotation at the next Annual General選連任，惟曾耀強先生則除外。 Meeting and, being eligible, offer themselves for re-election save for Mr. TSANG Yiu Keung Paul as mentioned below.
截至2016年12月31日止年度內及截至本報告書日 During the year ended 31 December 2016 and up to the date of this report,期止，辭任本行董事職務的人士包括： there are movements in the Directors of the Bank as follows:
曹國強先生（於2016年3月24日離任非執行董事） Mr. CAO Guoqiang (resigned as a Non-executive Director on 24 March 2016)席伯倫先生（於2016年12月1日離任獨立非執行董 Mr. Rafael GIL-TIENDA (resigned as an Independent Non-executive Director事） on 1 December 2016)
除此之外，曾耀強先生將於2017年4月1日離任獨 Besides, Mr. TSANG Yiu Keung Paul has tendered resignation from the Board立非執行董事。 which will take effect from 1 April 2017.
該等本行已離任及即將離任的董事，並沒有與董 All these resigned and to-be resigned Directors of the Bank have no事會存在任何意見分岐，亦沒有與本行事務相關 disagreement with the Board and nothing relating to the affairs of the Bank的事宜需要提呈本行股東垂洽。 needed to be brought to the attention of the shareholders of the Bank.
二零一六年報 043
Annual Report 2016
董事會報告書 Report of the Directors
(b)本行附屬公司董事 (b) Directors of theBank’s subsidiaries
截至2016年12月31日止年度內及截至本報告書日 During the year ended 31 December 2016 and up to the date of this report,期止，本行董事簡吳秋玉女士，萬紅女士和張小 Mrs. KAN NG Chau Yuk Helen, Ms. Margaret MAN and Mr. ZHANG Xiaowei,衛先生，亦擔任本行若干附屬公司的董事。 who are Directors of the Bank, are also directors in certain subsidiaries of the Bank.
截至2016年12月31日止年度內及截至本報告書日 Other directors of theBank’s subsidiaries during the year ended 31期止，本行附屬公司的其他董事包括：高宗澤先 December 2016 and up to the date of this report include Mr. GAO Zongze,生、徐賢浩先生、黃致遠先生、姚文松先生、簡 Mr. HSU Hsien Hao Fred, Mr. Roy HUANG, Mr. IU Man Chung Ronald, Mr. KAN應添先生、關建輝先生、李錫生先生、梁建文先 Ying Tim, Mr. KWAN Kin Fai David, Mr. LEE Sik Sang John, Mr. LEUNG Kin Man生、譚日恭先生和黃文健先生，而本行附屬公司 Michael, Mr. TAM Yat Kung Elton and Mr. WONG Man Kin Jack. Ms. CHAN已離任董事亦包括陳詩藹女士和謝國震先生。 Sze Oi Rebecca and Mr. TSE Kwok Chun Jim were ex-directors of theBank’s subsidiaries.
董事權益 Directors’ interests
本行、其任何控股公司、附屬公司或同系附屬公 No transaction, arrangement and contract of significance in relation to司於年終時或本年度內任何時間，概無訂立任何 theBank’s business to which the Bank, or any of its holding companies,就本行的業務而言屬重大，而本行董事及其關連 subsidiaries or fellow subsidiaries was a party, and in which a Director of the方亦直接或間接享有重大權益的交易、安排或合 Bank and theDirector’s connected party had a material interest, whether約。 directly or indirectly, subsisted at the end of the year or at any time during the year.
本行、其任何控股公司、附屬公司或同系附屬公 At no time during the year or at the end of the year was the Bank, or any司均沒有在本年度內任何時間或年終時訂立任何 of its holding companies, subsidiaries or fellow subsidiaries a party to any安排，致使本行董事可透過收購本行或任何其他 arrangement to enable the Directors of the Bank to acquire benefits by法人公司的股份或債券而獲益。 means of the acquisition of shares in, or debentures of, the Bank or any other body corporate.
管理合約 Management contracts
於本年度內，並無訂立與本行全部或任何重大部 No contracts concerning the management and administration of the whole分業務的管理及行政相關的合約。 or any substantial part of the business of the Bank were entered into or existed during the year.
044中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
董事會報告書 Report of the Directors
獲准許的彌償條文 Permitted indemnity provision
截至2016年12月31日年度內及截至本報告書日期 During the year ended 31 December 2016 and up to the date of this report,止，獲准許的彌償條文維持有效並惠及本行董 a permitted indemnity provision for the benefit of the Directors of the Bank is事。 in force.
遵守銀行業（披露）規則 Compliance with Banking (Disclosure) Rules
截至2016年12月31日止年度的財務報表，已符合 The financial statements for the year ended 31 December 2016 have《銀行業（披露）規則》內有關的披露條例。 complied with the applicable disclosure provisions of the Banking (Disclosure) Rules.
核數師 Auditor
本行截至2016年12月31日止年度之財務報表由羅 The financial statements for the year ended 31 December 2016 have been兵咸永道會計師事務所審核，其任期於即將舉行 audited by PricewaterhouseCoopers who retire and, being eligible, offer的股東週年大會結束時屆滿，但已表示願意留 themselves for re-appointment as auditor of the Bank upon expiration of任。 its current term of office at the close of the forthcoming annual general meeting.
承董事會命 On behalf of the Board
張小衛 ZHANG Xiaowei
董事 Director
香港，2017年3月21日 Hong Kong, 21 March 2017
二零一六年報 045
Annual Report 2016
IndependentAuditor’s Report
IndependentAuditor’s Report to the Members of
China CITIC Bank International Limited
(incorporated in Hong Kong with limited liability)
Opinion
What we have audited
We have audited the consolidated financial statements of China CITIC Bank International Limited (the “Bank”) and its subsidiaries (the “Group”) set out on pages 56 to 188, which comprise the:
• consolidated statement of financial position as at 31 December 2016;
• consolidated income statement for the year then ended;
• consolidated statement of comprehensive income for the year then ended;
• consolidated statement of changes in equity for the year then ended;
• consolidated cash flow statement for the year then ended; and
• notes to the consolidated financial statements, including a summary of significant accounting policies.
Our opinion
In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 December 2016, and of its consolidated financial performance and consolidated cash flows for the year then ended in accordance with Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and have been properly prepared in compliance with the Hong Kong Companies Ordinance.
Basis for Opinion
We conducted our audit in accordance with Hong Kong Standards on Auditing (“HKSAs”) issued by the HKICPA. Our responsibilities under those standards are further described in theAuditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Independence
We are independent of the Group in accordance with theHKICPA’s Code of Ethics for Professional Accountants (“the Code”), and we have fulfilled our other ethical responsibilities in accordance with the Code.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
Key audit matters identified in our audit are summarised as follows:
• Impairment of loans and advances to customers and other accounts; and
• Fair value measurement of financial instruments and impairment of available-for-sale debt securities
046中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
獨立核數師報告
獨立核數師報告
致中信銀行（國際）有限公司股東
（於香港註冊成立的有限公司）
意見
我們已審計的內容
中信銀行（國際）有限公司（以下簡稱「貴行」）及其附屬公司（以下簡稱「貴集團」）列載於第56至188頁的綜合財務報表，包括：•於2016年12月31日的綜合財務狀況表；
•截至該日止年度的綜合損益表；
•截至該日止年度的綜合全面收益表；
•截至該日止年度的綜合權益變動表；
•截至該日止年度的綜合現金流量表；及
•綜合財務報表附註，包括主要會計政策概要。
我們的意見
我們認為，該等綜合財務報表已根據香港會計師公會頒佈的《香港財務報告準則》真實而中肯地反映了貴行於2016年12月31日的綜合財務狀況及其截至該日止年度的綜合財務表現及綜合現金流量，並已遵照香港《公司條例》妥為擬備。
意見的基礎
我們已根據香港會計師公會頒佈的《香港審計準則》進行審計。我們在該等準則下承擔的責任已在本報告「核數師就審計綜合財務報表承擔的責任」部分中作進一步闡述。
我們相信，我們所獲得的審計憑證能充足及適當地為我們的審計意見提供基礎。
獨立性
根據香港會計師公會頒佈的《專業會計師道德守則》（以下簡稱「守則」），我們獨立於貴集團，並已履行守則中的其他專業道德責任。
關鍵審計事項
關鍵審計事項是根據我們的專業判斷，認為對本期綜合財務報表的審計最為重要的事項。這些事項是在我們審計整體綜合財務報表及出具意見時進行處理的。我們不會對這些事項提供單獨的意見。
我們在審計中識別的關鍵審計事項概述如下：
•貸款、客戶墊款及其他賬項的減值；與
•金融工具公允價值計量與金融資產的減值
二零一六年報 047
Annual Report 2016
IndependentAuditor’s Report
Key Audit Matters (continued)
Impairment of loans and advances to customers and other accounts
Key Audit Matter How our audit addressed the Key Audit Matter
Refer to note 19 to the consolidated financial statements Our audit procedures in relation to impairment on loans and advances to customers and other accounts included the As at 31 December 2016, the Group recorded a total following:
impairment allowance ofHK$950 million on loans and
advances, withHK$627 million arising from individual • Assessing and evaluatingmanagement’s controls over impairment allowances andHK$323 million arising from identification of potential impaired loans, which includes collective impairment allowances. ad-hoc and periodic loan account reviews, post-draw down monitoring and an early alert mechanism; In addition, the Group recorded individual impairment
allowances ofHK$147 million on other accounts resulting • For individual impairment allowances of loans and from failure in settlement of expired or unwinding derivative advances to customers and other accounts, on a sample transactions with customers. basis, assessingmanagement’s estimation of recoverable cash flows, which included validation of collateral We focused on the impairment of loans and advances to valuation supportable evidence and the basis for the customers and other accounts due to the materiality of estimation of sources of recoverable cash flows; the balances and because the impairment calculations are
inherently subject tomanagement’s judgement. • For collective impairment allowance, evaluating the consistency in the application of the collective In determining individual impairment allowances, management impairment assessment model and the key parameters, made judgements as to whether there is objective evidence evaluating the management judgement applied in that individually significant loans or other accounts are impaired. determining the assumptions used in the key individual This involvedmanagement’s assessment ofborrowers’ financial parameters, including macro-economic factors, periods situation. When management determined that objective evidence of historical loss rates and loss emergence periods used. of impairment existed, an individual impairment allowance was In addition, testing the completeness of underlying calculated based onmanagement’s best estimate of the shortfall loan data and validating extraction of data for collective in expected recoverable cash flows, which may include an impairment allowance calculations via reperformance. estimation of the net realisable value of any underlying collateral or
guarantees. Based on the procedures we performed, we found that theManagement’s key judgements used in assessing the existence In determining collective impairment allowances, of impairment indicators and the key assumptions adopted management used models based on historical loss experience in estimating the impairment allowances required were and current economic conditions. Judgements are made supported with the evidence we gathered and consistent with in grouping portfolios of loans of similar nature and in our expectation.
determining the required input parameters to the models,
including the selection of macro-economic factors, period of
historical loss rates and loss emergence periods.
048中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
獨立核數師報告
關鍵審計事項（續）
貸款、客戶墊款及其他賬項的減值
關鍵審計事項 我們的審計如何處理關鍵審計事項
請參閱合併財務報表附註19。 針對貸款、客戶墊款及其他賬項的減值，我們執行了以下審計程序：
於2016年12月31日，貴集團對貸款及墊款的減值準備共
計9.5億港元，包括個別減值準備6.27億港元和綜合減值準 •評估和評價了管理層對潛在減值貸款識別的有關控備3.23億港元。 制，包括特殊及定期審閱、支取後監測及早期預警機制；
此外，針對某些衍生交易過期或平倉結算失敗產生的其他
賬項，貴集團計提個別減值準備1.47億港元。 •針對貸款、客戶墊款及其他賬項的個別減值準備，評估了管理層對可收回現金流量的估計，包括確認抵押由於餘額重大且減值計算依靠管理層的主觀判斷，我們重 品估值的支持性證據及可收回現金流量來源的估計基點關注了貸款、客戶墊款及其他賬項的減值。 礎；
確定個別減值準備時，管理層對是否存在客觀證據證明單 •評價應用的綜合減值準備模型和重要單獨變數的一致項金額重大貸款和其他賬項已發生減值進行了判斷，包括 性，評價管理層對確定重要單獨變數假設的判斷，包對借款人財務狀況的評估。當管理層確定存在客觀證據證 括宏觀經濟因素，使用過往損失率的期間及顯現期，明減值已發生，則根據管理層對預計可收回現金流量減少 並測試綜合減值準備計算使用的相關數據及數據提取額的最佳估計計算個別減值準備，包括對相關抵押品或擔 的準確性。
保的可變現淨值的估計。
基於已執行的程序，我們發現管理層評估減值證據存在使確定綜合減值準備時，管理層對模型的使用基於過往損失 用的重大判斷及評估減值準備所需的關鍵假設有據可依，經驗及當前經濟情況。須運用判斷劃分相似性質的貸款組 且符合我們的預期。
合及確定模型所需的輸入變數，包括對宏觀經濟因素、過
往損失率的期間及顯現期的選擇。
二零一六年報 049
Annual Report 2016
IndependentAuditor’s Report
Key Audit Matters (continued)
Fair Value measurement of financial instruments and impairments of available-for-sale debt securities
Key Audit Matter How our audit addressed the Key Audit Matter
Refer to note 36 to the consolidated financial statements Our audit procedures in relation to fair value measurement of level 2 and level 3 financial instruments and impairment of The Group has recordedHK$63,786 million of financial assets available-for-sale debt securities included the following: andHK$3,996 million of financial liabilities measured at fair value
as at 31 December 2016, amongst which, aggregated amount• Evaluating the appropriateness ofmanagement’s selection ofHK$25,102 million andHK$3,996 million financial assets and of the valuation models for determining the fair values for financial liabilities were classified as level 2 or level 3 in the fair different types of financial instruments;
value hierarchy respectively.
• Assessing and evaluating the controls over key treasury We focused on the fair value measurement of the financial reconciliations, standing data maintenance over the market instruments classified as level 2 and level 3 in the fair value data and parameters input to the valuation models; hierarchy since their valuations were based on models which
involvedmanagement’s judgements. • Assessing and evaluatingmanagement’s key assumptions and judgement, such as discount rates, bond prices, In particular, judgements were involved in determining the exchange rates and credit spreads applied in the valuation appropriate valuation techniques for the specific types of financial models based on our industry knowledge and market instrument and selection of appropriate valuation inputs including practice;
discount rates, bond prices, exchange rates and credit spreads.
• Developing our own expectation of independent valuation, We also focused on the impairment assessment for available- on a sample basis, over selected financial instruments and for-sale debt securities. The cumulative loss that had been compared againstmanagement’s results;
recognised in the investment revaluation reserve is reclassified
to the income statement when there is objective evidence • Testing, on a sample basis, the appropriateness of that an available-for-sale debt security is impaired. Judgement classification of level 2 and level 3 financial instruments; is required in determining whether an objective indicator
of impairment exists for a particular security which included • Evaluating the appropriateness of key valuationmanagement’s assessment of the financial soundness of the adjustments applied by management and validating the issuer and economic conditions that correlate with defaults computation of such key valuation adjustments; on the security. For the year ended 31 December 2016, the
Group did not record any impairment loss on its investment in • Assessing key judgements applied in impairment available-for-sale debt securities. assessment of available-for-sale debt securities, including challengingmanagement’s assessment of the financial soundness of issuers and quality of the debt securities based on our industry knowledge and market practice. Based on the procedures we performed, we found that the data, parameters and methodologies used in theManagement’s fair value measurement level 2 and 3 financial instruments and impairment assessment for available-for-sale debt securities are supported by the evidence that we gathered.
050中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
獨立核數師報告
關鍵審計事項（續）
金融工具公允價值計量與金融資產的減值
關鍵審計事項 我們的審計如何處理關鍵審計事項
請參閱合併財務報表附註36。 針對公允價值層級為第2層級及第3層級的金融工具及金融資產減值，我們執行了以下審計程序：
於2016年12月31日，貴集團以公允價值計量的金融資產與
金融負債分別為637.86億港元及39.96億港元，其中分類為公允•評價了管理層為測定不同類型金融工具的公允價值，價值層級的第2層級及第3層級的金融資產及金融負債分別為 而選取的估值模型的適當性；
251.02億港元和39.96億港元。
•評估和評價了重要財資調整的相關控制、估值模型中我們重點關注了分類為公允價值層級第2層級及第3層級的金 使用的市場數據及輸入變數的常備數據維護。
融工具的公允價值計量，因為該等金融工具的估值模型涉及
管理層判斷。 •基於我們的行業知識和市場慣例，評估和評價了管理層的重要假設和判斷，如估值模型使用的折現率、債尤其當判斷涉及確定特定類型金融工具的適當的估值技術及 券價格、匯率及信用差額等；
選取折現率、債券價格、匯率、信用差額等適當估值變數
時。 •抽樣選取金融工具，形成我們的獨立估值，並與管理層的結果進行比較；
我們還關注了可供出售債務證券的減值評估。當存在客觀
證據顯示可供出售債務證券已減值時，已在投資重估儲備 •抽樣測試金融工具第2層級及第3層級分類的適當性；
內確認的累計虧損將被重新分類入收益表。需要運用判斷
確定是否存在客觀證據證明特定證券已發生減值，包括評 •評估管理層所採用關鍵估值調整的適當性，並驗證該估發行人的經濟穩健性和可能造成債券違約的經濟情況。 等關鍵估值調整；
截至2016年12月31日止年度，貴集團未對可供出售債務
證券的投資確認減值損失。 •對可供出售債務證券的減值評估應用的重要判斷進行了評估，包括利用我們的行業知識和市場慣例，質疑管理層對發行人經濟穩健度及債務證券素質的評估。
基於已執行的程序，我們發現管理層在計量金融工具第2層及第3層的公允價值時和進行減值評估時所採用的數據、變數和方法是恰當的，且有據可依。
二零一六年報 051
Annual Report 2016
IndependentAuditor’s Report
Other Information
The directors of the Bank are responsible for the other information. The other information comprises all of the information included in the annual report other than the consolidated financial statements and ourauditor’s report thereon.
Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Responsibilities of Directors and Audit Committee for the Consolidated Financial Statements
The directors of the Bank are responsible for the preparation of the consolidated financial statements that give a true and fair view in accordance with HKFRSs issued by the HKICPA and the Hong Kong Companies Ordinance, and for such internal control as the directors determine is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, the directors are responsible for assessing theGroup’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.
The Audit Committee is responsible for overseeing theGroup’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue anauditor’s report that includes our opinion. We report our opinion solely to you, as a body, in accordance with Section 405 of the Hong Kong Companies Ordinance and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with HKSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with HKSAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
052中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
獨立核數師報告
其他信息
貴行董事須對其他信息負責。其他信息包括年報內的所有信息，但不包括綜合財務報表及我們的核數師報告。
我們對綜合財務報表的意見並不涵蓋其他信息，我們亦不對該等其他信息發表任何形式的鑒證結論。
結合我們對綜合財務報表的審計，我們的責任是閱讀其他信息，在此過程中，考慮其他信息是否與綜合財務報表或我們在審計過程中所了解的情況存在重大抵觸或者似乎存在重大錯誤陳述的情況。
基於我們已執行的工作，如果我們認為其他信息存在重大錯誤陳述，我們需要報告該事實。在這方面，我們沒有任何報告。
董事及審核委員會就綜合財務報表須承擔的責任
貴行董事須負責根據香港會計師公會頒佈的《香港財務報告準則》及香港《公司條例》擬備真實而中肯的綜合財務報表，並對其認為為使綜合財務報表的擬備不存在由於欺詐或錯誤而導致的重大錯誤陳述所需的內部控制負責。
在擬備綜合財務報表時，董事負責評估貴集團持續經營的能力，並在適用情況下披露與持續經營有關的事項，以及使用持續經營為會計基礎，除非董事有意將貴集團清盤或停止經營，或別無其他實際的替代方案。
審核委員會須負責監督貴集團的財務報告過程。
核數師就審計綜合財務報表承擔的責任
我們的目標，是對綜合財務報表整體是否不存在由於欺詐或錯誤而導致的重大錯誤陳述取得合理保證，並出具包括我們意見的核數師報告。我們僅向閣下（作為整體）按照香港《公司條例》第405條報告，除此之外本報告別無其他目的。我們不會就本報告的內容向任何其他人士負上或承擔任何責任。合理保證是高水平的保證，但不能保證按照《香港審計準則》進行的審計，在某一重大錯誤陳述存在時總能發現。錯誤陳述可以由欺詐或錯誤引起，如果合理預期它們單獨或滙總起來可能影響綜合財務報表使用者依賴綜合財務報表所作出的經濟決定，則有關的錯誤陳述可被視作重大。
在根據《香港審計準則》進行審計的過程中，我們運用了專業判斷，保持了專業懷疑態度。我們亦：
•識別和評估由於欺詐或錯誤而導致綜合財務報表存在重大錯誤陳述的風險，設計及執行審計程序以應對這些風險，以及獲取充足和適當的審計憑證，作為我們意見的基礎。由於欺詐可能涉及串謀、偽造、蓄意遺漏、虛假陳述，或凌駕於內部控制之上，因此未能發現因欺詐而導致的重大錯誤陳述的風險高於未能發現因錯誤而導致的重大錯誤陳述的風險。
二零一六年報 053
Annual Report 2016
IndependentAuditor’s Report
Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements (continued)
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of theGroup’s internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
• Conclude on the appropriateness of thedirectors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on theGroup’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in ourauditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of ourauditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with Audit Committee regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide Audit Committee with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with Audit Committee, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in ourauditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
The engagement partner on the audit resulting in this independentauditor’s report is Ng Wai Ying.
PricewaterhouseCoopers
Certified Public Accountants
Hong Kong, 21 March 2017
054中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
獨立核數師報告
核數師就審計綜合財務報表承擔的責任（續）
•了解與審計相關的內部控制，以設計適當的審計程序，但目的並非對貴集團內部控制的有效性發表意見。
•評價董事所採用會計政策的恰當性及作出會計估計和相關披露的合理性。
•對董事採用持續經營會計基礎的恰當性作出結論。根據所獲取的審計憑證，確定是否存在與事項或情況有關的重大不確定性，從而可能導致對貴集團的持續經營能力產生重大疑慮。如果我們認為存在重大不確定性，則有必要在核數師報告中提請使用者注意綜合財務報表中的相關披露。假若有關的披露不足，則我們應當發表非無保留意見。我們的結論是基於核數師報告日止所取得的審計憑證。然而，未來事項或情況可能導致貴集團不能持續經營。
•評價綜合財務報表的整體列報方式、結構和內容，包括披露，以及綜合財務報表是否中肯反映交易和事項。
•就貴集團內實體或業務活動的財務信息獲取充足、適當的審計憑證，以便對綜合財務報表發表意見。我們負責貴集團審計的方向、監督和執行。我們為審計意見承擔全部責任。
除其他事項外，我們與審核委員會溝通了計劃的審計範圍、時間安排、重大審計發現等，包括我們在審計中識別出內部控制的任何重大缺陷。
我們還向審核委員會提交聲明，說明我們已符合有關獨立性的相關專業道德要求，並與他們溝通有可能合理地被認為會影響我們獨立性的所有關係和其他事項，以及在適用的情況下，相關的防範措施。
從與審核委員會溝通的事項中，我們確定哪些事項對本期綜合財務報表的審計最為重要，因而構成關鍵審計事項。我們在核數師報告中描述這些事項，除非法律法規不允許公開披露這些事項，或在極端罕見的情況下，如果合理預期在我們報告中溝通某事項造成的負面後果超過產生的公眾利益，我們決定不應在報告中溝通該事項。
出具本獨立核數師報告的審計項目合夥人是吳慧瑩女士。
羅兵咸永道會計師事務所
執業會計師
香港，2017年3月21日
二零一六年報 055
Annual Report 2016
綜合收益表 Consolidated Income Statement截至2016年12月31日止年度（以港幣為單位） For the year ended 31 December 2016 (Expressed in Hong Kong dollars) 2016 2015附註 港幣千元 港幣千元 Note HK$’000 HK$’000利息收入 Interest income 4(a) 7,061,528 6,568,868利息支出 Interest expense 4(b) (2,932,702) (3,148,559)淨利息收入 Net interest income 4,128,826 3,420,309費用及佣金收入 Fee and commission income 1,571,349 1,124,194費用及佣金支出 Fee and commission expense (75,114) (55,779)淨費用及佣金收入 Net fee and commission income 5 1,496,235 1,068,415淨交易收入 Net trading income 6 617,530 1,231,547淨對沖收益 Net hedging gain 7 126 999出售可供出售證券淨收益 Net gain on disposal of available-for-sale securities 8 129,729 59,715其他經營收入 Other operating income 9 40,380 50,028經營收入 Operating income 6,412,826 5,831,013經營支出 Operating expenses 10 (2,816,189) (2,564,206)扣除減值準備前的經營溢利 Operating profit before impairment 3,596,637 3,266,807貸款及墊款及其他賬項 Impairment losses on loans and advances and
減值虧損 other accounts 12 (552,959) (667,677)經營溢利 Operating profit 3,043,678 2,599,130出售物業及設備淨 Net gain/(loss) on disposal of property
收益╱（虧損） and equipment 15 (730)投資物業重估收益 Revaluation gain on investment properties 22 9,546 3,046稅前溢利 Profit before taxation 3,053,239 2,601,446所得稅 Income tax 13 (504,998) (433,239)本年度溢利 Profit for the year 2,548,241 2,168,207歸屬於股東的溢利 Profit attributable to shareholders 2,548,241 2,168,207
第61頁到第188頁的附註屬本財務報表一部份。 The notes on pages 61 to 188 form part of these financial statements.
056中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
綜合全面收益表 Consolidated Statement of
Comprehensive Income
截至2016年12月31日止年度（以港幣為單位） For the year ended 31 December 2016 (Expressed in Hong Kong dollars) 2016 2015附註 港幣千元 港幣千元 Note HK$’000 HK$’000本年度溢利 Profit for the year 2,548,241 2,168,207本年度其他全面收益 Other comprehensive income for the year 14
其後可能重新分類至收益表： Items that may be reclassified subsequently to
income statement:
換算海外附屬子公司的財務報表的 Exchange differences on translation of financial
匯兌差額 statements of overseas subsidiaries (93,590) (98,176)現金流量對沖 Cash flow hedges
－年內確認對沖工具公允價值的 – effective portion of changes in fair value of
變動 hedging instruments recognised during the year 1,279 –－轉自遞延稅項 – transfer from deferred tax (211) – 1,068 –可供出售證券 Available-for-sale securities
－公允價值的變動 – change in fair value 58,846 (58,804)－出售時來自收益表 – transfer from income statement on disposal (121,883) (58,110)－轉至遞延稅項 – transfer to deferred tax 12,780 18,306 (50,257) (98,608)本年度其他全面收益 Other comprehensive income for the year (142,779) (196,784)本年度全面收益總額 Total comprehensive income for the year 2,405,462 1,971,423歸屬於股東的全面收益總額 Total comprehensive income attributable to
shareholders 2,405,462 1,971,423
第61頁到第188頁的附註屬本財務報表一部份。 The notes on pages 61 to 188 form part of these financial statements.
二零一六年報 057
Annual Report 2016
綜合財務狀況表 Consolidated Statement of
Financial Position
於2016年12月31日（以港幣為單位） At 31 December 2016 (Expressed in Hong Kong dollars)
2016 2015附註 港幣千元 港幣千元 Note HK$’000 HK$’000資產 ASSETS
現金及在銀行、中央銀行及 Cash and balances with banks, central banks and
其他金融機構的結存 other financial institutions 16 27,540,433 20,322,734在銀行、中央銀行及其他 Placements with and advances to banks,
金融機構的存款及墊款 central banks and other financial institutions 17 22,889,713 30,390,640交易用途資產 Trading assets 18 5,581,720 4,277,539客戶貸款及墊款及其他賬項 Loans and advances to customers and other accounts 19 191,286,538 173,479,925可供出售證券 Available-for-sale securities 20 58,204,271 53,151,487物業及設備 Property and equipment 22
－投資物業 – Investment properties 138,490 185,944－其他物業 – Other premises 369,479 326,300－設備 – Equipments 387,907 330,973可收回稅項 Tax recoverable 27(a) 187 33,114遞延稅項資產 Deferred tax assets 27(b) 18,217 36,312資產總額 Total Assets 306,416,955 282,534,968負債及權益 LIABILITIES AND EQUITY
負債 Liabilities
銀行及其他金融機構的 Deposits and balances of banks and other
存款及結存 financial institutions 23 5,256,660 2,658,301客戶存款 Deposits from customers 24 235,574,700 220,683,709交易用途負債 Trading liabilities 25 3,996,444 3,555,614已發行存款證 Certificates of deposit issued 26 10,593,445 10,388,272本期稅項 Current taxation 27(a) 195,405 61,910遞延稅項負債 Deferred tax liabilities 27(b) 1,520 1,717其他負債 Other liabilities 10,138,928 12,365,023債務資本 Loan capital 28 8,705,837 8,766,217負債總額 Total Liabilities 274,462,939 258,480,763權益 Equity
股本 Share capital 29(a) 9,366,271 7,566,271儲備 Reserves 16,414,493 14,177,766額外權益工具 Additional equity instruments 30 6,173,252 2,310,168權益總額 Total Equity 31,954,016 24,054,205權益及負債總額 Total Equity and Liabilities 306,416,955 282,534,968董事會於2017年3月21日核准並授權發佈。
Approved and authorised for issue by the Board of Directors on 21 March 2017.
張小衛 萬紅
ZHANG Xiaowei Margaret MAN
執行董事、行長兼行政總裁 執行董事兼副行政總裁
Executive Director, President and Executive Director and
Chief Executive Officer Deputy Chief Executive Officer
第61頁到第188頁的附註屬本財務報表一部份。 The notes on pages 61 to 188 form part of these financial statements.
058中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
綜合權益變動表 Consolidated Statement of
Changes in Equity
截至2016年12月31日止年度（以港幣為單位） For the year ended 31 December 2016 (Expressed in Hong Kong dollars)額外權益工具匯兌差額物業重估現金流量投資重估 法定一般 Additional儲備 儲備對沖儲備 儲備法定盈餘 儲備 equity股本資本儲備一般儲備 Exchange Property Cash flow Investment 公積 Regulatory保留溢利儲備總額 instruments權益總額 Share Capital General differences revaluation hedging revaluation Statutory general Retained Total（附註30） Total capital reserve reserve reserve reserve reserve reserve reserve reserve profits reserves (note 30) equity港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000於2016年1月1日 At 1 January 2016 7,566,271 6,589 100,000 (622) 55 – (11,718) 58,943 149,500 13,875,019 14,177,766 2,310,168 24,054,205截至2016年的權益變動： Changes in equity for 2016:
本年度溢利 Profit for the year – – – – – – – – – 2,548,241 2,548,241 – 2,548,241本年度其他全面收益 Other comprehensive income for the year – – – (93,590) – 1,068 (50,257) – – – (142,779) – (142,779)本年度全面收益總額 Total comprehensive income for the year – – – (93,590) – 1,068 (50,257) – – 2,548,241 2,405,462 – 2,405,462發行及配發股份 Issue and allotment of shares 1,800,000 – – – – – – – – – – – 1,800,000發行額外一級資本證券 Issue of Additional Tier 1 Capital Securities
(“AT 1 Capital Securities”) – – – – – – – – – – – 3,863,084 3,863,084支付額外一級資本證券票息 Distribution payment for
AT1 Capital Securities – – – – – – – – – – – (168,735) (168,735)轉自保留溢利 Transfer from retained profits – – – – – – – (5,098) – (163,637) (168,735) 168,735 –於2016年12月31日 At 31 December 2016 9,366,271 6,589 100,000 (94,212) 55 1,068 (61,975) 53,845 149,500 16,259,623 16,414,493 6,173,252 31,954,016於2015年1月1日 At 1 January 2015 7,566,271 6,589 100,000 97,554 55 – 86,890 55,839 149,500 11,878,483 12,374,910 2,310,168 22,251,349截至2015年的權益變動： Changes in equity for 2015:
本年度溢利 Profit for the year – – – – – – – – – 2,168,207 2,168,207 – 2,168,207本年度其他全面收益 Other comprehensive income for the year – – – (98,176) – – (98,608) – – – (196,784) – (196,784)本年度全面收益總額 Total comprehensive income for the year – – – (98,176) – – (98,608) – – 2,168,207 1,971,423 – 1,971,423支付額外一級資本證券票息 Distribution payment for
AT1 Capital Securities – – – – – – – – – – – (168,567) (168,567)轉自保留溢利 Transfer from retained profits – – – – – – – 3,104 – (171,671) (168,567) 168,567 –於2015年12月31日 At 31 December 2015 7,566,271 6,589 100,000 (622) 55 – (11,718) 58,943 149,500 13,875,019 14,177,766 2,310,168 24,054,205
第61頁到第188頁的附註屬本財務報表一部份。 The notes on pages 61 to 188 form part of these financial statements.
二零一六年報 059
Annual Report 2016
綜合現金流量表 Consolidated Cash Flow Statement截至2016年12月31日止年度（以港幣為單位） For the year ended 31 December 2016 (Expressed in Hong Kong dollars) 2016 2015附註 港幣千元 港幣千元 Note HK$’000 HK$’000用於經營業務的現金淨額 Net cash flow used in operating activities 32(a) (1,988,285) (10,065,266)來自╱（用於）投資業務的 Cash flow generated from/(used in)
現金流量 investing activities
已收權益證券股息 Dividends received from equity securities 6,098 6,294購入物業及設備 Purchase of property and equipment (193,912) (118,486)出售物業及設備所得款項 Proceeds from disposal of property and equipment 100 63用於投資業務的現金淨額 Net cash used in investing activities (187,714) (112,129)來自╱（用於）融資業務的 Cash flow generated from/(used in)
現金流量 financing activities
發行股票所得款項 Proceeds from shares issued 1,800,000 –發行額外一級資本證券所得款項 Proceeds from Additional Tier 1 Capital Securities issued 3,863,084 –支付額外一級資本證券票息 Distribution paid on Additional Tier 1 Capital Securities (168,735) (168,567)支付債務資本利息 Interest paid on loan capital (496,495) (496,115)來自╱（用於）融資業務的 Net cash generated from/(used in)
現金淨額 financing activities 4,997,854 (664,682)現金及現金等值增加╱（減少）淨額 Net increase/(decrease) in cash and cash equivalents 2,821,855 (10,842,077)於1月1日的現金及現金等值項目 Cash and cash equivalents at 1 January 51,695,416 62,537,493於12月31日的現金及現金等值項目 Cash and cash equivalents at 31 December 32(b) 54,517,271 51,695,416
第61頁到第188頁的附註屬本財務報表一部份。 The notes on pages 61 to 188 form part of these financial statements.
060中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements（除特別列明外，均以港幣為單位） (Expressed in Hong Kong dollars unless otherwise indicated)
1 主要業務 1 General information
中信銀行（國際）有限公司（「本行」）及其附 The principal activities of China CITIC Bank International Limited (“the屬公司（以下統稱「本集團」）的主要業務是 Bank”) and its subsidiaries (together referred to as “the Group”), which提供銀行及相關金融服務。這些業務對本集 materially affect the results or comprise the assets and liabilities of the團的業績或資產及負債具有重大影響。 Group, are the provision of banking and related financial services.中信銀行（國際）有限公司為於香港註冊成 China CITIC Bank International Limited is a licensed bank incorporated立的持牌銀行，並以香港為辦事處所在地， and domiciled in Hong Kong, and has its registered office at 61-65 Des其註冊辦事處位於香港德輔道中61-65號。 Voeux Road Central, Hong Kong.
2 主要會計政策 2 Significant accounting policies
這些綜合財務報表編製採用的主要會計政策 The principal accounting policies applied in the preparation of these載列如下。除非另有說明，這些政策適用於 consolidated financial statements are set out below. These policies所有的年份。 have been continuously applied to all the years presented, unless otherwise stated.
(a)合規聲明 (a) Statement of compliance
本綜合財務報表是根據香港會計師公會頒 These consolidated financial statements of the Group have been佈，所有適用的《香港財務報告準則》（包括 prepared in accordance with all applicable Hong Kong Financial所有適用的個別香港財務報告準則、《香港 Reporting Standards (“HKFRSs”), which includes all applicable會計準則》及詮釋）、香港一般採用的會計 individual Hong Kong Financial Reporting Standards, Hong Kong原則編製而成。本集團採納的主要會計政策 Accounting Standards (“HKASs”), Interpretations issued by the簡列如下。 Hong Kong Institute of Certified Public Accountants (“HKICPA”) and accounting principles generally accepted in Hong Kong. A summary of the significant accounting policies adopted by the Group is set out below.
香港會計師公會頒佈數項新增及經修訂的香 The HKICPA has issued certain new and revised HKFRSs that are first港財務報告準則，並可於本年度本集團及 effective or available for early adoption for the current accounting本行的會計期首次生效或被提早採納。在與 period of the Group and the Bank. Note 3 (a) provides information本集團有關的範圍內初次應用這些新訂的準 on any changes in accounting policies resulting from the initial則所引致當前和以往會計期間的會計政策變 application of these developments to the extent that they are relevant更，已於本財務報表內反映，有關資料載列 to the Group for the current and prior accounting periods reflected in於附註3(a)。 these financial statements.
二零一六年報 061
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant Accounting Policies (continued)
(b)財務報表編製基礎 (b) Basis of preparation
除了以下資產與負債項目以公允價值列賬 The measurement basis used in the preparation of the consolidated外，編製財務報表時是以歷史成本作為計量 financial statements is the historical cost basis, except that the基礎。有關詳情已載列於下列會計政策︰ following assets and liabilities are stated at their fair value as explained in the accounting policies set out below:
－劃歸為交易用途、指定為通過損益以 – financial instruments classified as trading, designated at fair反映公允價值及可供出售的金融工具 value through profit or loss and available-for-sale (see note 2(e)（參閱附註2(e)(ii)） (ii))
－投資物業（參閱附註2(h)）； – investment property (see note 2(h)).
管理層在按照香港財務報告準則編製財務報 The preparation of financial statements in conformity with HKFRSs表時，需要對會計政策的應用和資產及負 requires that management to make judgements, estimates and債、收入及支出的匯報數額等作判斷、估計 assumptions that affect the application of policies and the reported及假設從而影響政策實施及資產和負債、及 amounts of assets, liabilities, income and expenses. The estimates收入與支出之呈報金額。有關估計及假設乃 and associated assumptions are based on historical experience and按在既定情況下可合理地相信，根據過往之 various other factors that are believed to be reasonable under the經驗及其他因素，作出判斷那些未能從其他 circumstances, the results of which form the basis of making the來源確定的資產及負債的賬面值。實際結果 judgements about carrying values of assets and liabilities that are not可能與此等估計不盡相同。 readily apparent from other sources. Actual results may differ from these estimates.
有關估計及假設須定期作檢討。若修訂只影 The estimates and underlying assumptions are reviewed on an響該修訂期，會計估計的修訂於該修訂期內 ongoing basis. Revisions to accounting estimates are recognised in確認；或如該修訂影響本期及未來會計期， the period in which the estimate is revised if the revision affects only則於修訂期及未來會計期確認。 that period, or in the period of the revision and future periods if the revision affects both current and future periods.
管理層在應用香港財務報告準則時作出對財 Judgements made by management in the application of HKFRSs that務報表有重大影響的判斷，以及估計不可確 have a significant effect on the financial statements and major sources定因素的主要來源，於附註41討論。 of estimation uncertainty are discussed in note 41.
062中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant Accounting Policies (continued)
(c)收入確認 (c) Revenue recognition
收入按已收或應收價款的公允價值釐定。收 Revenue is measured at the fair value of the consideration received入是在經濟效益很可能會流入本集團，以及 or receivable. Provided it is probable that the economic benefits will能夠可靠地計量收入和成本（如適用）時， flow to the Group and the revenue and costs, if applicable, can be根據下列方法在收益表內確認︰ measured reliably, revenue is recognised in the income statement as follows:
(i)利息收入 (i) Interest income
所有計息金融工具的利息收入均使用 Interest income for all interest-bearing financial instruments is實際利率法以應計基礎在收益表內確 recognised in the income statement on an accruals basis using認。 the effective interest method.
實際利率法是計算金融資產的攤銷成 The effective interest method is a method of calculating the本及分配有關期間的利息收入的方 amortised cost of a financial asset and of allocating the interest法。按照金融資產的賬面淨值折讓未 income over the relevant period. The effective interest rate is來於金融工具預計有效年期或（如適 the rate that exactly discounts estimated future cash payments用）較短期間內估計付出或取得的現 or receipts through the expected life of the financial instrument金值時，所用比率即為實際利率。本 or, when appropriate, a shorter period to the net carrying集團在計算實際利率時對現金流量作 amount of the financial asset. When calculating the effective出估計，並且已考慮金融工具的所有 interest rate, the Group estimates cash flows considering all合約條款（如提前還款、認購及類似 contractual terms of the financial instrument (for example,期權），惟並無考慮未來信貸損失。合 prepayment, call and similar options) but does not consider約訂約方付出或收取的所有費用（為 future credit losses. The calculation includes all fees paid or實際利率的一部份）、交易成本及所有 received between parties to the contract that are an integral其他溢價或折讓，均在計算之列。因 part of the effective interest rate, transaction costs and all other住宅物業按揭貸款所支出的現金回贈 premiums or discounts. Cash rebates granted in relation to會被資本化及按其估計期限於損益表 residential mortgage loans are capitalised and amortised to the內攤銷。 income statement over their expected life.
減值貸款的利息是用以折算未來現金 Interest on impaired loans is recognised using the rate of流之利率來確認，以達致計量減值虧 interest used to discount the future cash flows for the purpose損。 of measuring the impairment loss.
二零一六年報 063
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant Accounting Policies (continued)
(c)收入確認（續） (c) Revenue recognition (continued)
(ii)費用及佣金收入 (ii) Fee and commission income
費用及佣金收入在提供相應服務時確 Fee and commission income is recognised when the認，但如費用是為彌補持續為客戶提 corresponding service is provided, except where the fee is供服務或承受風險的成本而收取，或 charged to cover the costs of a continuing service to, or risk費用屬於利息性質則除外。在這些情 borne for, the customer, or is interest in nature. In these cases,況下，費用在產生成本或承受風險的 the fee is recognised as income in the accounting period in會計期間確認為收入，或視作利息收 which the cost or risk is incurred and is accounted for as interest入。 income.
因本集團創造或購入金融資產而產生 Origination or commitment fees received/paid by the Group之始創或承擔服務費的收入╱支出須 which result in the creation or acquisition of a financial asset根據有效利率遞延及確認。如預計承 are deferred and recognised as an adjustment to the effective擔不會引致提取貸款，該服務費需按 interest rate. When a loan commitment is not expected to承擔期限以直線法確認為收入。 result in the draw-down of a loan, loan commitment fees are recognised on a straight-line basis over the commitment period. (iii)融資租賃及分期付款合約的財務收入 (iii) Finance income from finance lease and hire purchase contract融資租賃及分期付款的隱含財務收入 Finance income implicit in the finance lease and hire purchase按租賃年期確認為利息收入，以令每 payments is recognised as interest income over the period of個會計期間剩餘的淨投資回報率大致 the leases so as to produce an approximately constant periodic上相同。因購併融資租賃及分期付款 rate of return on the outstanding net investment in the leases合約而付交易商之佣金，已包含於資 for each accounting period. Commission paid to dealers for the產的賬面值及於租賃期內攤銷併入收 acquisition of finance lease loans or hire purchase contracts is益表，作為對利息收入的調整。 included in the carrying value of the assets and amortised to the income statement over the expected life of the lease as an adjustment to interest income.
(iv)經營租賃的租金收入 (iv) Rental income from operating lease
經營租賃的租金收入會按租賃年期， Rental income received under operating leases is recognised以等額分期確認於收益表內。經營租 in the income statement in equal instalments over the periods賃協議所涉及的激勵措施均在收益表 covered by the lease term. Lease incentives granted are內確認為租賃淨收款總額的組成部份。 recognised in the income statement as an integral part of the aggregate net lease payments receivable.
(v)股息收入 (v) Dividend income
非上市投資股息收入在股東收取權被 Dividend income from unlisted investments is recognised確立時才予以確認。上市投資股息收 when theshareholder’s right to receive payment is established.入則在該投資的股價除息時才被確認。 Dividend income from listed investments is recognised when the share price of the investment is quoted ex-dividend.
064中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(d)附屬公司 (d) Subsidiaries
附屬公司是指受本集團控制的實體。當本集 Subsidiaries are entities controlled by the Group. The Group controls團控制實體時，本集團因參與實體、披露及 an entity when it is exposed, or has rights, to variable returns from its有權利取得實體的浮動回報，並且有能力行 involvement with the entity and has the ability to affect those returns使權力以影響實體的回報。在評估本集團是 through its power over the entity. When assessing whether the Group否具有權力時，只有基本權利（由本集團及 has power, only substantive rights (held by the Group and other其他人士持有）會被考慮。 parties) are considered.
於附屬公司的投資由控制權開始生效當日起 An investment in a subsidiary is consolidated into the consolidated在綜合財務報表中綜合計算，直至控制權終 financial statements from the date that control commences until the止期間為止。集團內部的結餘、交易及現金 date that control ceases. Intra-group balances, transactions and cash流量，及任何集團內部交易所產生的未實現 flows, and any unrealised profits arising from intra-group transactions溢利均於編製綜合財務報表時悉數抵銷。除 are eliminated in full in preparing the consolidated financial有證據顯示已出現減值的部份外，集團內部 statements. Unrealised losses resulting from intra-group transactions交易產生的未實現虧損的攤銷方法與未實現 are eliminated in the same way as unrealised gains, but only to the收益相同。 extent that there is no evidence of impairment.
集團的權益變化均列作股權交易，不會導致 Changes in theGroup’s interests in a subsidiary that do not result in失去附屬公司的控制權，據此在合併資產控 a loss of control are accounted for as equity transactions, whereby制和非控制權益的金額作出調整，以反映變 adjustments are made to the amounts of controlling and non-化的相對利益，但不調整商譽及確認收益或 controlling interests within consolidated equity to reflect the change虧損。 in relative interests, but no adjustments are made to goodwill and no gain or loss is recognised.
倘本集團失去附屬公司之控制權，有關交易 When the Group loses control of a subsidiary, it is accounted for as將會當作出售有關附屬公司之全部權益入 a disposal of the entire interest in that subsidiary, with a resulting賬，而所得盈虧將於損益表中確認入賬。於 gain or loss being recognised in the income statement. Any interest失去控制權當日該前附屬公司仍然保留之任 retained in that former subsidiary at the date when control is lost is何權益將以公允值確認入賬，而此金額將被 recognised at fair value. The fair value is the initial carrying amount for視為聯營，合資，金融資產首次確認之公允 the purposes of subsequently accounting for the retained interest as值。此外，在其他綜合收益就實體以前確認 an associate, joint venture or financial asset. In addition, any amounts的金額將重新分配當作本集團出售有關的資 previously recognised in other comprehensive income in respect of產或負債。這種方式意味著，以前在其他綜 the entity are allocated for as if the group had directly disposed of合收益確認金額重新分配至當期損益。 related assets or liabilities. This way means that amounts previously recognised in other comprehensive income are reclassified to profit or loss.
在本行的財務狀況表中，其於附屬公司的 In theBank’s statement of financial position, an investment in a投資是按成本減去減值虧損（如有）（參閱附 subsidiary is stated at cost less impairment losses, if any (see note 2(l)),註2(l)）後入賬，除非該投資已分類為持有待 unless the investment is classified as held for sale (or included in a出售（或已包含在分類為待出售的處置單位 disposal group that is classified as held for sale) (see note 2(s)).內）（參閱附註2(s)）。
二零一六年報 065
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(e)金融工具 (e) Financial instruments
(i)首次確認 (i) Initial recognition
本集團在首次確認金融工具時，是按 The Group classifies its financial instruments into different照購入資產或產生負債的目的而將金 categories at inception, depending on the purpose for which融工具分為不同類別。分類為︰通過 the assets were acquired or the liabilities were incurred. The損益以反映公允價值、貸款及應收賬 categories are: fair value through profit or loss, loans and項、可供出售證券及其他金融負債。 receivables, available-for-sale securities and other financial liabilities.
金融工具先以公允價值計量，通常與 Financial instruments are initially measured at fair value, which交易價相同。如果金融資產或金融負 will normally be equal to the transaction price plus, in the債不屬於通過損益以反映公允價值， case of a financial asset or financial liability not held at fair便需加上直接歸屬於購入金融資產或 value through profit or loss, transaction costs that are directly發行金融負債的交易成本。通過損益 attributable to the acquisition of the financial asset or issue以反映公允價值的金融資產及金融負 of the financial liability. Transaction costs on financial assets債的交易成本將立即支銷。 and financial liabilities at fair value through profit or loss are expensed immediately.
本集團會在成為金融工具合約其中一 The Group recognises financial assets and financial liabilities方當日確認金融資產及金融負債。以 on the date it becomes a party to the contractual provisions有規律方式買賣通過損益以反映公允 of the instrument. A regular way purchase or sale of financial價值的金融資產及負債按交易日會計 assets and financial liabilities at fair value through profit or loss is法予以確認。其他金融資產及負債按 recognised using trade date accounting. Other financial assets結算日會計法予以確認。通過損益以 and financial liabilities are recognised using settlement date反映公允價值的金融資產或金融負債 accounting. From these dates, any gains and losses arising from的公允價值變動產生的任何盈虧由該 changes in fair value of the financial assets or financial liabilities日起記錄。 at fair value through profit or loss are recorded.
(ii)分類 (ii) Categorisation
通過損益以反映公允價值 Fair value through profit or loss
該類別包括持作交易用途的金融資產 This category comprises financial assets and liabilities held for及金融負債，以及於初始確認時指定 trading, and those designated at fair value through profit or為通過損益以反映公允價值的金融資 loss upon initial recognition, but excludes those investments in產及金融負債，惟不包括沒有市場報 equity instruments that do not have a quoted market price and價及不能可靠計量公允價值的股本工 whose fair value cannot be reliably measured.
具投資。
交易用途金融工具為主要就交易用途 Trading financial instruments are financial assets or financial而購入或招致的金融資產或金融負 liabilities which are acquired or incurred principally for the債，或屬可辨別金融工具組合的一部 purpose of trading, or are part of a portfolio of identified份，並有證據顯示該組合最近有可短 financial instruments that are managed together and for which期獲利的模式。不合資格採用對沖會 there is evidence of a recent actual pattern of short-term profit-計法（附註2(g)）的衍生工具則計入交 taking. Derivatives that do not qualify for hedge accounting易用途工具。 (note 2(g)) are accounted for as trading instruments.
066中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(e)金融工具（續） (e) Financial instruments (continued)
(ii)分類（續） (ii) Categorisation (continued)
通過損益以反映公允價值（續） Fair value through profit or loss (continued)
如屬以下情況，本集團可以選擇在初 The Group has the option of designating its financial始確認時將金融工具指定為通過損益 instruments at fair value through profit or loss upon initial以反映公允價值： recognition when:
－本集團內部是按公允價值基準管 – the assets or liabilities are managed, evaluated and理、衡量和匯報有關的資產或負 reported internally on a fair value basis
債；
－作出指定後，原應出現的會計錯 – the designation eliminates or significantly reduces an配情況可予消除或明顯減少； accounting mismatch which would otherwise arise－有關的資產或負債包括內含衍生 – the asset or liability contains embedded derivatives that工具，而這些衍生工具令原來按 significantly modify the cash flows that would otherwise合約所需的現金流量出現明顯的 be required under the contract; or
變化；或
－本集團沒有被禁止將嵌入衍生工 – the separation of the embedded derivatives from the具從金融工具內分開。 financial instrument is not prohibited.
該類別下的金融資產及金融負債是按 Financial assets and liabilities under this category are carried at公允價值列賬。公允價值的變動在有 fair value. Changes in the fair value are included in the income關變動產生的期間計入收益表。在出 statement in the period in which they arise. Upon disposal or售或購回時，淨銷售所得款項或淨付 repurchase, the difference between the net sale proceeds or the款與賬面值之間的差額會計入收益表 net payment and the carrying value is included in the income內。 statement.
貸款及應收賬項 Loans and receivables
貸款及應收賬項為具有固定或可確定 Loans and receivables are non-derivative financial assets with付款且在活躍市場沒有報價的非衍 fixed or determinable payments that are not quoted in an生金融資產，惟除了(a)本集團擬即時 active market, other than (a) those that the Group intends to或於短期內出售而劃歸為持作交易用 sell immediately or in the near term, which are classified as held途；(b)本集團於初始確認時已指定為 for trading; (b) those that the Group, upon initial recognition,通過損益以反映公允價值或可供出售 designates as being at fair value through profit or loss or as者；或(c)本集團可能無法收回其絕大 available-for-sale; or (c) those for which the Group may not部份初始投資（因信貸表現惡化而無 recover substantially all of its initial investment, other than法收回者除外）則分類為可供出售。 because of credit deterioration, which are classified as available-貸款及應收賬項主要包括客戶貸款及 for-sale. Loans and receivables mainly comprise loans and墊款和在銀行、中央銀行及其他金融 advances to customers and placements with and advances to機構的存款及墊款。 banks, central banks and other financial institutions.貸款及應收賬採用實際利率法，按攤 Loans and receivables are carried at amortised cost using the銷成本減去減值虧損（如有）（參閱附 effective interest method, less impairment losses, if any (see
註2(l)）後列賬。 note 2(l)).
二零一六年報 067
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(e)金融工具（續） (e) Financial instruments (continued)
(ii)分類（續） (ii) Categorisation (continued)
可供出售證券 Available-for-sale securities
可供出售證券是指定為可供出售或並 Available-for-sale securities are non-derivative financial assets無劃歸上述二個中任何一個類別的非 that are designated as available-for-sale or are not classified in衍生金融資產，包括計劃作不定期限 any of the other two categories above. They include financial持有的金融資產，惟可能因應流動資 assets intended to be held for an indefinite period of time but金需求或市場環境變動而出售。 which may be sold in response to needs for liquidity or changes in the market environment.
可供出售證券是按公允價值列賬。除 Available-for-sale securities are carried at fair value. Unrealised如債務證券的貨幣性項目所引致的減 gains and losses arising from changes in the fair value are值虧損及外匯盈虧須在收益表確認 recognised in other comprehensive income and accumulated外，因公允價值變動而產生之未實現 separately in equity, except for impairment losses and foreign收益及虧損於其他全面收益內確認， exchange gains and losses on monetary items such as debt並在權益內分開累計。 securities which are recognised in the income statement.權益證券投資並沒有活躍市場的報 Investments in equity securities that do not have a quoted價，而其公允價值並不能可靠計量， market price in an active market and whose fair value cannot be與之有所聯繫的衍生工具須透過交付 measured reliably, and derivatives that are linked to and must該權益證券而清償，該類權益證券投 be settled by delivery of such unquoted equity securities, are資按成本減去減值虧損（如有）（參閱 carried at cost less impairment losses, if any (see note 2(l)).附註2(l)）後列賬。
倘出售可供出售證券，出售收益或虧 When the available-for-sale securities are sold, gains or losses損包括淨銷售所得款項與賬面值之間 on disposal include the difference between the net sale的差額，以及曾經確認為其他全面收 proceeds and the carrying value, and the accumulated fair益之累計公允價值調整須由權益重新 value adjustments which are previously recognised in other分類而轉入收益表。 comprehensive income are reclassified from equity to the income statement.
其他金融負債 Other financial liabilities
除交易用途負債及該等指定為通過損 Financial liabilities, other than trading liabilities and those益以反映公允價值的金融負債外，金 designated at fair value through profit or loss, are measured at融負債是採用實際利率法按攤銷成本 amortised cost using the effective interest method.計量。
068中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(e)金融工具（續） (e) Financial instruments (continued)
(iii)公允價值計量原則 (iii) Fair value measurement principles
金融工具的公允價值是於結算日根據 The fair value of financial instruments is based on their quoted其市場報價但未扣除將來估計出售的 market prices at the end of the reporting period without any成本計算。金融資產以當時買入價作 deduction for estimated future selling costs. Financial assets are價，而金融負債則以當時賣出價作價。 priced at current bid prices, while financial liabilities are priced at current asking prices.
如並無最新公開成交價，或未能從認 If there is no publicly available latest traded price nor a quoted可證券交易所獲得市場報價或從經 market price on a recognised stock exchange or a price from a紀╱交易商獲得屬於非通過交易所買 broker/dealer for non-exchange-traded financial instruments,賣的金融工具價格，或如市場交投不 or if the market for them is not active, the fair value of the活躍，則此工具的公允價值以估值模 instrument is estimated using valuation techniques that provide式估值，而該估值模式可根據市場實 a reliable estimate of prices which could be obtained in actual際交易提供可靠的估計價格。 market transactions.
當採用現金流量折讓價格模式，估計 Where discounted cash flow techniques are used, estimated將來現金流量按管理層的最佳估計及 future cash flows are based onmanagement’s best estimates採用的折現率是在結算日適用於相近 and the discount rate used is a market rate at the end of the工具條款及條件的市場利率計算。當 reporting period applicable for an instrument with similar terms採用其他定價模式，輸入項目是依據 and conditions. Where other pricing models are used, input is結算日的市場價格資料。 based on market data at the end of the reporting period. (iv)終止確認 (iv) Derecognition
當從金融資產獲得現金流量的合約權 A financial asset is derecognised when the contractual rights to利屆滿，或當金融資產連同擁有權的 receive the cash flows from the financial asset expire, or when絕大部份風險及回報已被轉移，便會 the financial asset together with substantially all the risks and終止確認金融資產。 rewards of ownership, have been transferred.
當合約指定的義務已經履行、取消或 A financial liability is derecognised when the obligation屆滿，便會終止確認金融負債。 specified in the contract is discharged, cancelled or expired. (v)抵銷 (v) Offsetting
倘若存在可依法強制執行的權利可抵 Financial assets and financial liabilities are offset and the net銷已確認數額，且有計劃按淨額基準 amount is reported in the statement of financial position when結算或同時變現資產及償付負債，則 there is a legally enforceable right to offset the recognised金融資產及金融負債可予抵銷，淨額 amounts and there is an intention to settle on a net basis, or在財務狀況表內匯報。依法強制執行 realise the asset and settle the liability simultaneously. The的權利必須不能是或有的未來事件， legally enforceable right must not be contingent on future必須是在正常業務過程中，而且發生 events and must be enforceable in the normal course of銀行或對手違約或破產等事件。 business and in the event of default, insolvency or bankruptcy of the Bank or the counterpart.
二零一六年報 069
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(e)金融工具（續） (e) Financial instruments (continued)
(vi)內含衍生工具 (vi) Embedded derivatives
內含衍生工具是一個包括衍生工具及 An embedded derivative is a component of a hybrid (combined)主合約的混合（合併）工具的一部份， instrument that includes both the derivative and a host這一部份以獨立衍生工具類似的方式 contract, with the effect that some of the cash flows of the改變該合併工具的部份現金流量。當 combined instrument vary in a way similar to a stand-alone(a)內含衍生工具的經濟特質及風險與 derivative. The embedded derivatives are separated from the主合約並無密切關係；及(b)混合（合 host contract and accounted for as a derivative when (a) the併）工具並非以公允價值計量而公允 economic characteristics and risks of the embedded derivative價值變動在收益表內確認，則內含衍 are not closely related to the host contract; and (b) the hybrid生工具從主合約分開，並入賬列作衍 (combined) instrument is not measured at fair value, with生工具。 changes in fair value recognised in the income statement.當內含衍生工具分開，則主合約根據 When the embedded derivative is separated, the host contract金融工具的會計政策入賬（參閱附註 is accounted for in accordance with the accounting policies of2(e)(ii)）。 financial instruments (see note 2(e)(ii)).
(f)購回及反向購回交易 (f) Repurchase and reverse repurchase transactions
出售的證券如同時附有在某一較後日期以固 Securities sold subject to a simultaneous agreement to repurchase定價格購回這些證券的協議（購回協議）， these securities at a certain later date at a fixed price (repurchase會在財務報表內保留，並根據其原有計量原 agreements) are retained in the financial statements and measured in則計量。出售所得款項匯報為負債，並以攤 accordance with their original measurement principles. The proceeds銷成本列賬。 from the sale received are reported as liabilities and are carried at amortised cost.
根據轉售協議（反向購回協議）購買的證券 Securities purchased under agreements to resell (reverse repurchase不列作購買證券，且不會在財務狀況表中確 agreements) are reported not as purchases of the securities and認，但該支付的價款則被列作應收賬項，並 not recognised on the statement of financial position, but the以攤銷成本在財務狀況表內列賬。 consideration paid is recorded as receivables, and are carried in the statement of financial position at amortised cost.
反向購回協議賺取的利息及購回協議產生的 Interest earned on reverse repurchase agreements and interest利息採用實際利率法，在各協議的有效期內 incurred on repurchase agreements are recognised as interest income分別確認為利息收入及利息支出。 or interest expense, respectively, over the life of each agreement, using the effective interest rate method.
070中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(g)對沖 (g) Hedging
對沖會計法確認對沖工具與被對沖項目的公 Hedge accounting recognises the offsetting effects on profit or允價值變動對損益構成的抵銷影響。本集團 loss of changes in the fair values of the hedging instrument and於開始進行對沖及持續進行對沖時，評估用 the hedged item. The Group assesses and documents whether the於對沖交易的金融工具在抵銷與被對沖風險 financial instruments that are used in hedging transactions are highly相關的被對沖項目的公允價值或現金流量變 effective in offsetting changes in fair values or cash flows of hedged動上是否極具效用，並就此制定文件記錄。 items attributable to the hedged risks both at hedge inception and當(a)對沖工具到期或售出、終止或行使；或 on an ongoing basis. The Group discontinues hedge accounting(b)對沖不再符合對沖會計法的使用條件；或 prospectively when (a) the hedging instrument expires or is sold,(c)本集團撤銷對沖關係的指定，本集團將終 terminated or exercised; (b) the hedge no longer meets the criteria for止在往後採用對沖會計法。 hedge accounting; or (c) the Group revokes the designation. (i)公允價值對沖 (i) Fair value hedge
公允價值對沖尋求抵銷已確認資產或 A fair value hedge seeks to offset the risks of changes in the fair負債的公允價值變動的風險，該等風 value of a recognised asset or liability that will give rise to a gain險將導致損益在收益表內確認。 or loss being recognised in the income statement.對沖工具以公允價值計量，公允價值 The hedging instrument is measured at fair value, with fair value變動在收益表內確認。被對沖項目的 changes recognised in the income statement. The carrying賬面值按與被對沖風險相關的對沖工 amount of the hedged item is adjusted by the amount of the具公允價值變動的數額作出調整。此 changes in fair value of the hedging instrument attributable調整在收益表內確認，以抵銷損益對 to the risk being hedged. This adjustment is recognised in the對沖工具構成的影響。 income statement to offset the effect of the gain or loss on the hedging instrument.
當對沖工具到期或被出售、終止或行 When a hedging instrument expires or is sold, terminated or使、對沖不再符合對沖會計法的使用 exercised; the hedge no longer meets the criteria for hedge條件或本集團撤銷指定的對沖關係 accounting; or the Group revokes designation of the hedge時，截至當時為止對採用實際利率法 relationship, any adjustment up to that point, to a hedged item計量的被對沖項目作出的任何調整， for which the effective interest rate method is used is amortised均在收益表中攤銷（作為該項目在尚 to the income statement as part of the recalculated effective餘期限內重新計算的實際利率一部 interest rate of the item over its remaining life.
份）。
二零一六年報 071
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(g)對沖（續） (g) Hedging (continued)
(ii)現金流量對沖 (ii) Cash flow hedge
被指定及符合條件可列為現金流量對 The effective portion of changes in the fair value of derivatives沖的衍生工具，其公平價值出現變動 that are designated and qualified as cash flow hedges is的有效對沖部份，將於其他全面收益 recognised in other comprehensive income and accumulated表確認及分別累計於股東權益中列 separately in equity. Any gain or loss in fair value relating to an賬。任何公平價值損益而屬對沖無效 ineffective portion is recognised immediately in the income部份即時在收益表中列賬。 statement.
當對沖金融工具到期或售出時，或對 When a hedging instrument expires or is sold, or when a沖工具不再符合採用對沖會計法的條 hedge no longer meets the criteria for hedge accounting, any件時，股東權益中的任何累積損益仍 cumulative gain or loss at that time remains in equity until the會繼續保留在股東權益內，直至預計 forecast transaction is ultimately recognised in the income進行的交易最終於收益表確認時，始 statement. When a forecast transaction is no longer expected撥入收益表內。如預計進行的交易預 to occur, the cumulative gain or loss that was recognised in期不會落實進行，其他全面收益內所 other comprehensive income is immediately reclassified to the列的累積損益將立即撥入收益表內。 income statement.
(iii)對沖效用測試 (iii) Hedge effectiveness testing
為符合資格實施對沖會計法，在開始 In order to qualify for hedge accounting, the Group carries out對沖時及預計對沖期內，本集團須進 prospective effectiveness testing to demonstrate that it expects行效用測試以顯示預期對沖成效極具 the hedge to be highly effective (prospective effectiveness)效用（預計效用）。在對沖期內，並必 at the inception of the hedge and throughout its life. Actual須持續顯示有實際效用（追溯效用）。 effectiveness (retrospective effectiveness) also needs to be demonstrated on an ongoing basis.
有關各種對沖關係的文件載有如何評 The documentation of each hedging relationship sets out how估對沖的效用。本集團採納的對沖效 the effectiveness of the hedge is assessed. The method which用評估方法將視乎其風險管理策略而 the Group adopts for assessing hedge effectiveness will depend定。 on its risk management strategy.
072中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(g)對沖（續） (g) Hedging (continued)
(iii)對沖效用測試（續） (iii) Hedge effectiveness testing (continued)
就公允價值對沖關係而言，本集團採 For fair value hedge relationships, the Group utilises the用累計價值抵銷法或進取式分析作為 cumulative dollar offset method or regressive analysis as測試效用的方法。 effectiveness testing methodologies.
就預計效用而言，對沖工具必須被預 For prospective effectiveness, the hedging instrument must be期為在指定對沖期間內，能高度有效 expected to be highly effective in achieving offsetting changes地抵銷被對沖風險的公允價值或現金 in fair value or cash flows attributable to the hedged risk during流量變動。就實際效用而言，公允價 the period for which the hedge is designated. For actual值或現金流量變動抵銷額須介乎80%至 effectiveness, the changes in fair value or cash flows must offset125%之間才被視為有效。 each other in the range of80% to125% for the hedge to be deemed effective.
(h)投資物業 (h) Investment properties
集團若擁有或以租約業權（參閱附註2(j)） Investment properties are land and/or buildings which are owned or持有的土地及╱或樓宇，以賺取租金收入 held under a leasehold interest (see note 2(j)) to earn rental income及╱或作資本增值的目的，列為投資物 and/or for capital appreciation. These include land and buildings held業。投資物業包括目前未確定將來用途的土 for a currently undetermined future use.
地和樓宇。
投資物業按公允價值記入財務狀況表中。投 Investment properties are stated in the statement of financial position資物業公允價值的變動，或報廢或出售投資 at fair value. Any gain or loss arising from a change in fair value or from物業所產生的任何收益或虧損均在收益表中 the retirement or disposal of an investment property is recognised in確認。投資物業的租金收入是按照會計政策 the income statement. Rental income from investment properties is第2(c)(iv)項所述方式入賬。 accounted for as described in note 2(c)(iv).
如果本集團以經營租賃持有物業權益以賺取 When the Group holds a property interest under an operating lease租金收入及╱或為資本增值，有關的權益 to earn rental income and/or for capital appreciation, the interest is會按每項物業的基準劃歸為投資物業。劃 classified and accounted for as an investment property on a property-歸為投資物業的任何物業權益的入賬方式與 by-property basis. Any such property interest which has been以融資租賃（參閱附註2(j)(ii)）持有的權益一 classified as an investment property is accounted for as if it were held樣，而其適用的會計政策也跟以融資租賃出 under a finance lease (see note 2(j)(ii)), and the same accounting租的其他投資物業相同。租賃付款的入賬方 policies are applied to that interest as are applied to other investment式載列於附註2(c)(iii)。 properties leased under finance leases. Lease payments are accounted for as described in note 2(c)(iii).
二零一六年報 073
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(i)其他物業及設備 (i) Other premises and equipment
這些財務報表是按照香港會計師公會頒佈的 In preparing these financial statements, advantage has been taken《香港會計準則》第16號「物業、廠房及設 of the transitional provisions set out in paragraph 80A of HKAS 16,備」第80A段所載的過渡性條文編製，故並 Property, plant and equipment, issued by the HKICPA, with the effect無在結算日重估在截至1995年9月30日前期 that other premises which are carried at revalued amounts in financial間的財務報表內以重估數額列賬的其他物業 statements relating to periods ended before 30 September 1995 have的公允價值。 not been revalued to fair value at the end of the reporting period.下列物業及設備項目以成本減累計折舊及減 The following items of property and equipment are stated at cost less值虧損（如有）（參閱附註2(l)）列賬︰ accumulated depreciation and impairment losses, if any (see note 2(l)):
－位於租賃土地上的持作自用之樓宇被 – buildings held for own use which are situated on leasehold land列作持有經營租賃（參閱附註2(j)(iii)） classified as held under operating leases (see note 2(j)(iii))－其他設備項目。 – other items of equipment.
持有自用物業的重估變動一般計入其他全面 Changes arising in the revaluation of properties held for own use收益內，並在權益中的物業重估儲備內分開 are generally dealt with in other comprehensive income and are累計。 accumulated separately in equity in the property revaluation reserve.報廢或出售物業及設備項目所產生的損益以 Gains or losses arising from the retirement or disposal of an item of出售所得淨額與項目的賬面值之間的差額釐 property and equipment are determined as the difference between定，並於報廢或出售當日在收益表內確認。 the net disposal proceeds and the carrying amount of the item, and任何相關的重估盈餘將由重估儲備轉入保留 are recognised in the income statement on the date of retirement溢利，而非重新分類至收益表內。 or disposal. Any related revaluation surplus is transferred from the revaluation reserve to retained profits and is not reclassified to the income statement.
物業及設備項目按以下方式在估計可用年期 Depreciation is calculated to write off the cost or valuation of items內以直線法計算折舊以沖銷其成本或估值 of property and equipment, less their estimated residual value, if（已扣除估計殘值（如有））︰ any, using the straight line method over the estimated useful lives as follows:
－永久業權土地不予折舊。 – Freehold land is not depreciated.
－租賃物業列作融資租賃持有按照租約 – Leasehold land classified as held under finance leases is剩餘年折舊攤銷。 depreciated over the unexpired term of lease.
－樓宇－以30年以上或土地租賃剩餘年 – Buildings are depreciated over 30 years or the unexpired terms期兩者中的較短者計算折舊。 of the land leases, whichever is shorter.
－傢俬、固定裝置及設備－3至10年。 – Furniture, fixtures and equipment are depreciated over a term of 3 to 10 years.
倘若物業及設備項目部份的可用年期不同， Where parts of an item of property and equipment have different則項目成本或估值在各部份作出合理分配， useful lives, the cost or valuation of the item is allocated on a而各部份分開計算折舊。資產的可用年期及 reasonable basis between the parts, and each part is depreciated其餘值（如有）每年作出檢討。 separately. Both the useful life of an asset and its residual value, if any,
are reviewed annually.
074中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(j)租賃及分期付款合約 (j) Leases and hire purchase contracts
如果本集團把一項安排（包括一項交易或一 An arrangement, comprising a transaction or a series of transactions,系列交易）確定為在一段商定期間轉讓一項 is or contains a lease if the Group determines that the arrangement或一些特定資產的使用權，以換取一筆或多 conveys a right to use a specific asset or assets for an agreed period筆付款，則這項安排便包含租賃。確定時是 of time in return for a payment or a series of payments. Such a以對有關安排的實質所作評估為準，而不管 determination is made based on an evaluation of the substance of這項安排是否涉及租賃的法律形式。 the arrangement and applies regardless of whether the arrangement takes the legal form of a lease.
(i)租賃資產分類 (i) Classification of leased assets
本集團承受擁有權帶來的絕大部份風 Assets that are held by the Group under leases and which險及回報的資產租賃列為融資租賃。 transfer to the Group substantially all the risks and rewards of出租人沒有轉移擁有權帶來的絕大部 ownership are classified as finance leases. Leases which do not份風險及報酬的租賃列為經營租賃。 transfer substantially all the risks and rewards of ownership to the lessee are classified as operating leases.
(ii)融資租賃 (ii) Finance leases
在本集團是融資租賃的出租人情況 Where the Group is a lessor under finance leases, an amount下，對在租賃中租出的資產的投資淨 representing the net investment in the lease is included in額視作客戶貸款及墊款，在財務狀況 the statement of financial position as loans and advances表列賬。有融資租賃特徵的分期付款 to customers. Hire purchase contracts which have the合約以同樣方式列作融資租賃。減值 characteristics of finance leases are accounted for in the same虧損根據附註2(l)所載的會計政策入 manner as finance leases. Impairment losses are accounted for賬。 in accordance with the accounting policy as set out in note 2(l). (iii)經營租賃 (iii) Operating leases
倘若本集團根據經營租賃租出資產， Where the Group leases out assets under operating leases,則資產根據其性質計入財務狀況表， the assets are included in the statement of financial position而在適用的情況下，折舊會根據附註 according to their nature and, where applicable, are depreciated2(i)所載的本集團折舊政策計算。減值 in accordance with theGroup’s depreciation policies, as set out in虧損根據附註2(l)所載的會計政策入 note 2(i). Impairment losses are accounted for in accordance with賬。經營租賃的收入會根據附註2(c)(iv) the accounting policy as set out in note 2(l). Revenue arising from所載的本集團收入確認政策確認。 operating leases is recognised in accordance with theGroup’s revenue recognition policies, as set out in note 2(c)(iv).如本集團使用根據經營租賃持有的資 Where the Group has the use of assets held under operating產，除非有其他基準更能表示從該等 leases, payments made under the leases are charged to the經營租賃資產獲得利益的模式，否則 income statement in equal instalments over the accounting其租賃支出按該租賃年期相關的會計 periods covered by the lease term, except where an alternative期間以等額分期記入收益表。租賃回 basis is more representative of the pattern of benefits to be贈收入視為淨租賃支出總額的一部 derived from the leased asset. Lease incentives received are份，在收益表內確認。 recognised in the income statement as an integral part of the aggregate net lease payments made.
二零一六年報 075
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(k)取回抵押資產 (k) Repossessed assets
在收回減值貸款及墊款時，本集團可透過法 In the recovery of impaired loans and advances, the Group may take律程序或借款人自願交付而取回持作抵押品 possession of assets held as collateral through court proceedings的資產。當本集團再不向借款人追索還款， or voluntary delivery of possession by the borrowers. Where it is並欲轉為透過有秩序的減值資產變現時，則 intended to achieve an orderly realisation of the impaired assets取回抵押資產會在「其他資產」下匯報。本 and the Group is no longer seeking repayment from the borrower,集團沒有持有取回抵押資產作自用用途。 repossessed assets are reported in “Other assets”. The Group does not hold the repossessed assets for its own use.
取回資產在交易日以有關貸款及墊款的賬面 Repossessed assets are recognised at the lower of the carrying值及公允價值減出售成本確認（以較低者為 amount of the related loans and advances and fair value less costs to準），不予折舊或攤銷。 sell at the date of exchange. They are not depreciated or amortised.初次分類及其後重新計量引致的減值虧損在 Impairment losses on initial classification and on subsequent收益表內確認。 remeasurement are recognised in the income statement. (l)資產減值 (l) Impairment of assets
本集團在每個結算日審閱資產的賬面金額， The carrying amount of theGroup’s assets is reviewed at the end以確定是否出現客觀的減值跡象。金融資產 of each reporting period to determine whether there is objective減值的客觀跡象包括本集團注意到有關以下 evidence of impairment. Objective evidence that financial assets are任何一宗或多宗損失事件的可觀察數據，並 impaired includes observable data that comes to the attention of the對能夠可靠地估計的資產的未來現金流量構 Group about one or more of the following loss events which has an成影響。 impact on the future cash flows of the assets that can be estimated reliably:
－發行人或借款人出現重大的財務困 – significant financial difficulty of the issuer or borrower難；
－違反合約，如拖欠利息或本金付款； – a breach of contract, such as a default or delinquency in interest or principal payments
－借款人很可能面臨破產或其他財務重 – it becoming probable that the borrower will enter bankruptcy組； or other financial reorganisation
－技術、市場、經濟或法律環境出現對 – significant changes in the technological, market, economic or借款人構成負面影響的重大變動； legal environment that have an adverse effect on the borrower－金融資產因財務困難而失去活躍市 – the disappearance of an active market for financial assets場； because of financial difficulties
－於權益工具的投資顯著或長期跌至低 – a significant or prolonged decline in the fair value of an於成本。 investment in an equity instrument below its cost.如果出現任何這類跡象，賬面金額便會透過 If any such evidence exists, the carrying amount is reduced to the在收益表內列支而減少至估計可收回金額。 estimated recoverable amount by means of a charge to the income
statement.
076中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(l)資產減值（續） (l) Impairment of assets (continued)
減值損失會直接沖銷相應的資產，但就以攤 Impairment losses are written off against the corresponding assets銷成本計量的貸款及應收賬項確認的減值損 directly, except for impairment losses recognised in respect of失而言，其可收回性被視為可疑，但不是可 loans and receivables whose recovery is considered doubtful but能性極低則除外。在這種情況下，減值損失 not remote, which are measured at amortised cost. In this case, the會採用準備賬來記錄。當本集團認為收回的 impairment losses are recorded using an allowance account. When可能性極低時，被視為不可收回的數額便會 the Group is satisfied that recovery is remote, the amount considered直接沖銷貸款及應收賬項，與該借款人╱ irrecoverable is written off against loans and receivables directly投資有關而在準備賬內持有的任何數額也會 and any amounts held in the allowance account relating to that轉回。其後收回早前計入準備賬的數額會在 borrower/investment are reversed. Subsequent recoveries of amounts準備賬轉回，準備賬的其他變動和其後收回 previously charged to the allowance account are reversed against早前直接沖銷的數額均在收益表內確認。 the allowance account. Other changes in the allowance account and subsequent recoveries of amounts previously written off directly are recognised in the income statement.
(i)貸款及應收賬項 (i) Loans and receivables
貸款及應收賬項的減值虧損是以資產 Impairment losses on loans and receivables are measured as賬面值，以及就資產以其原本的實際 the difference between anasset’s carrying amount and the利率（即於首次確認這些資產時計算 present value of estimated future cash flows discounted at the的實際利率）用折現方式計算預計的 asset’s original effective interest rate (i.e. the effective interest未來現金流量的現值差額計量。如果 rate computed at initial recognition of these assets). Receivables折現影響並不重大，則短年期應收賬 with a short duration are not discounted if the effect of項不予折現。 discounting is immaterial.
信貸損失準備總額包括兩個組成部 The total allowance for credit losses consists of two份︰個別減值準備及綜合減值準備。 components: individual impairment allowances and collective impairment allowances.
本集團首先評估客觀減值證據是否個 The Group first assesses whether objective evidence of別存在於個別上重大的金融資產，及 impairment exists individually for financial assets that are個別或整體存在於非個別上重大的金 individually significant, and individually or collectively for融資產。如果本集團確定個別評估金 financial assets that are not individually significant. If the Group融資產（不論是否重大）並無存在減值 determines that no objective evidence of impairment exists的客觀證據，則本集團將有相同信貸 for an individually assessed financial asset, whether significant風險特質的金融資產歸類，並作綜合 or not, it includes the asset in a group of financial assets with減值評估。作個別減值評估的資產而 similar credit risk characteristics and collectively assesses減值損失須持續確認，其減值損失不 them for impairment. Assets that are individually assessed for會包括於綜合減值評估內。 impairment and for which an impairment loss is or continues to be recognised are not included in a collective assessment of impairment.
二零一六年報 077
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(l)資產減值（續） (l) Impairment of assets (continued)
(i)貸款及應收賬項（續） (i) Loans and receivables (continued)
個別減值準備是根據管理層的最佳估 The individual impairment allowance is based upon計，以原本的實際利率折現預計收取 management’s best estimate of the present value of the cash的現金流量的現值。在估計這些現金 flows which are expected to be received discounted at the流量時，管理層須判斷有關借款人的 original effective interest rate. In estimating these cash flows,財政狀況及任何向本集團提供的相關 management makes judgements about theborrower’s financial抵押品或擔保的可變現淨值，並須評 situation and the net realisable value of any underlying collateral估每宗減值資產的真正價值。 or guarantees in favour of the Group. Each impaired asset is assessed on its own merits.
在評估綜合減值準備的需要時，管理 In assessing the need for collective impairment allowances,層採用統計模式及考慮過往趨勢的因 management uses statistical modelling and considers素包括信貸素質、組合規模、集中度 historical trends of factors such as credit quality, portfolio size,及經濟因素。為了估計所需準備，本 concentrations and economic factors. In order to estimate集團根據過往的經驗和現時的經濟情 the required allowance, the Group makes assumptions both況去釐定潛在虧損及輸入變數。 to define the way the Group models inherent losses and to determine the required input parameters, based on historical experience and current economic conditions.
減值準備的準確性須視乎本集團能否 The accuracy of the impairment allowances the Group makes在個別評估減值準備時準確估計未來 depends on how well the Group can estimate future cash現金流量及在釐定綜合減值準備時所 flows for individually assessed impairment allowances, and採用的推測模式及變數。雖然視乎判 the model assumptions and parameters used in determining斷而定，本集團相信客戶貸款及墊款 collective impairment allowances. While this necessarily減值準備是合理和足夠的。 involves judgement, the Group believes that the impairment allowances on loans and advances to customers are reasonable and supportable.
任何因估計未來現金流量的金額及時 Any subsequent changes to the amounts and timing of the間上與先前估計的其後轉變，而該轉 expected future cash flows compared to the prior estimates that變是可客觀地與減值後發生的事件有 can be linked objectively to an event occurring after the write-關連，從而導致貸款及墊款減值準備 down, will result in a change in the impairment allowances on亦需改變，該轉變會支銷或存入收益 loans and receivables and be charged or credited to the income表。所回撥的減值虧損以在以往年度 statement. A reversal of impairment losses is limited to the沒有確認任何減值虧損而應已釐定的 loans andreceivables’ carrying amount that would have been貸款及應收款賬面金額為限。 determined had no impairment loss been recognised in prior years.
當再無實際機會收回貸款時，則貸款 When there is no reasonable prospect of recovery, the loan and及相關應收利息將會沖銷。 the related interest receivables are written off.
附有可再議條款的貸款及應收賬項是 Loans and receivables with renegotiated terms are loans that指由於借款人的財務狀況轉差而獲重 have been restructured due to deterioration in theborrower’s新議定比一般情況寬鬆的還款條件的 financial position and where the Group has made concessions貸款及應收賬項。有關部門會對重新 that it would not otherwise consider. Renegotiated loans and議訂條例之貸款及應收賬項作出持續 receivables are subject to ongoing monitoring to determine
監察，以決定是否仍存有減值需要或 whether they remain impaired or past due.
逾期的狀況。
078中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(l)資產減值（續） (l) Impairment of assets (continued)
(ii)可供出售證券 (ii) Available-for-sale securities
當可供出售證券出現客觀證據顯示已 When there is objective evidence that an available-for-減值時，已直接在投資重估儲備內確 sale security is impaired, the cumulative loss that had been認的累計虧損會被轉入收益表內。在 recognised in the investment revaluation reserve is reclassified收益表內確認的累計虧損金額是購入 to the income statement. The amount of the cumulative loss成本（扣除任何本金還款及攤銷後）與 that is recognised in the income statement is the difference現時公允價值之間的差額，再減該資 between the acquisition cost (net of any principal repayment產以往在收益表內確認的任何減值虧 and amortisation) and current fair value, less any impairment損。 loss on that asset previously recognised in the income statement.
如果其後的公允價值增加是可客觀地 Impairment losses in respect of available-for-sale debt securities與確認減值虧損後發生的事件有關 are reversed if the subsequent increase in fair value can be連，則有關可供出售債務證券的減值 objectively related to an event occurring after the impairment虧損會轉回。在這些情況下的減值虧 loss was recognised. Reversals of impairment losses in such損轉回會在收益表內確認。 circumstances are recognised in the income statement.就可供出售股份證券而言，當出現客 For available-for-sale equity securities, when there is objective觀證據顯示有減值時，減值虧損是以 evidence be observed for an impairment, the impairment股份證券的成本及減值資產的公允價 loss is measured as the difference between the cost of the值差額計量。這些減值資產其後的所 equity securities and the fair value of the impaired asset. All有公允價值增加列作重估及在其他全 subsequent increases in the fair value of the impaired asset are面收益內確認，並分別累計於股東權 treated as a revaluation and recognised in other comprehensive益內。此減值虧損將不能在收益表內 income and accumulated separately in equity, such impairment轉回。 losses are not reversed through the income statement. (iii)非金融資產 (iii) Non-financial assets
本行在每一結算日檢討內部和外來的 Internal and external sources of information are reviewed at資料，以確定下列資產有否出現減值 the end of each reporting period to identify indications that跡象，或以往確認的減值虧損是否不 the following assets may be impaired or, an impairment loss復存在或有否減少︰ previously recognised no longer exists or may have decreased:－物業及設備（以重估數額列賬的 – property and equipment (other than properties carried at物業除外） revalued amounts)
－附屬公司及聯營公司投資。 – investments in subsidiaries and associates.
二零一六年報 079
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(l)資產減值（續） (l) Impairment of assets (continued)
(iii)非金融資產（續） (iii) Non-financial assets (continued)
如果存在任何有關跡象，便會估計資 If any such indication exists, theasset’s recoverable amount is產的可收回數額。 estimated.
－計算可收回數額 – Calculation of recoverable amount
資產可收回數額是公允價值減出 The recoverable amount of an asset is the greater of售成本及使用值兩者中的較高 its fair value less costs of disposal and value in use. In者。在評估使用值時，會採用一 assessing value in use, the estimated future cash flows項當時市場評估貨幣的時間值及 are discounted to their present value using a pre-tax相對於該資產的風險的稅前折扣 discount rate that reflects current market assessments of率將預計未來現金流量折現為現 time value of money and the risks specific to the asset.值。當某資產未能大部份地獨立 Where an asset does not generate cash inflows largely於其他資產產生現金流量時，其 independent of those from other assets, the recoverable可收回數額取決於可獨立地產生 amount is determined for the smallest group of assets現金流量的最小資產組合（即一 that generates cash inflows independently (i.e. a cash-個現金生產單位）。 generating unit).
－確認減值虧損 – Recognition of impairment losses
每當資產（或其所屬的現金生產 An impairment loss is recognised in the income單位）的賬面值高於其可收回數 statement whenever the carrying amount of an asset, or額時，便會在收益表內確認減值 the cash-generating unit to which it belongs, exceeds虧損。就現金生產單位確認的減 its recoverable amount. Impairment losses recognised值虧損先分配以減少任何分配至 in respect of cash-generating units are allocated first to現金生產單位（或單位組別）的 reduce the carrying amount of any goodwill allocated商譽的賬面值，然後按比例減少 to the cash-generating unit (or group of units), and then單位（或單位組別）內其他資產 to reduce the carrying amount of the other assets in the的賬面值，惟資產賬面值不會減 unit (or group of units) on a pro rata basis, except that少至低於其個別公允價值減出售 the carrying value of an asset is not be reduced below its成本（如可計量）或使用值（如可 individual fair value less costs of disposal (if measurable),釐定）所得數額。 or value in use (if determinable).
－減值損失轉回 – Reversal of impairment losses
有關資產，如在用來釐定可收回 In respect of assets, an impairment loss (except for金額的估計發生有利的變化，則 impairment on goodwill) is reversed if there has been a減值損失（商譽的減值除外）會 favourable change in the estimates used to determine the被轉回。 recoverable amount.
減值損失轉回只局限至該資產的 A reversal of impairment losses is limited to theasset’s賬面值，猶如該等減值損失從未 carrying amount that would have been determined在往年被確認。減值損失轉回在 had no impairment loss been recognised in prior years.該被確認的年度計入收益表內。 Reversals of impairment losses are credited to the income statement in the year in which the reversals are recognised.
080中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(l)資產減值（續） (l) Impairment of assets (continued)
(iv)中期財務報告和減值 (iv) Interim financial reporting and impairment
本集團為年度首6個月編製符合《香港 The Group prepares an interim financial report in compliance會計準則》第34號「中期財務報告」規 with HKAS 34, Interim financial reporting, in respect of the first定的中期財務報告。本集團在中期期 six months of the year. At the end of the interim period, the末採用了在本年度終結時會採用的相 Group applies the same impairment testing, recognition and同減值測試、確認和轉回準則（參閱 reversal criteria as it would at the end of the year (see notes 2(l)(i)附註2(l)(i)至(iii)）。 to (iii)).
(m)現金等值項目 (m) Cash equivalents
現金等值項目包括短期以及流動性極高的投 Cash equivalents are short-term, highly liquid investments that are資，可隨時兌換為已知的現金數額，而價值 readily convertible into known amounts of cash and which are subject變動風險並不重大，並在購入後3個月內到 to an insignificant risk of changes in value, having been within three期。 months of maturity at acquisition.
(n)僱員福利 (n) Employee benefits
(i)僱員福利及界定供款退休計劃供款 (i) Employee benefits and contributions to defined contribution retirement plans
薪金、年度花紅、有薪年假、界定供 Salaries, annual bonuses, paid annual leave, contributions款計劃供款及非貨幣性福利成本均列 to defined contribution plans and the cost of non-monetary入僱員提供相關服務的年度。如果有 benefits are accrued in the year in which the associated services關付款或結算受到遞延，而其影響將 are rendered by employees. Where payment or settlement is十分重大，則這些金額將以現值列賬。 deferred and the effect would be material, these amounts are stated at their present values.
(ii)員工退休計劃 (ii) Staff retirement scheme
本集團設有一項界定供款公積金計劃 The Group operates a defined contribution provident fund and及一項強制性公積金計劃。有關供款 a Mandatory Provident Fund scheme. Contributions are charged在供款到期時計入收益表內。 to the income statement as and when the contributions fall due.
(o)所得稅 (o) Income tax
本年度所得稅包括本期稅項及遞延稅項資產 Income tax for the year comprises current tax and movements和負債的變動。本期稅項及遞延稅項資產和 in deferred tax assets and liabilities. Current tax and movements負債的變動在收益表內確認，除非與其他全 in deferred tax assets and liabilities are recognised in the income面收益或權益項目有關之遞延稅項變動，則 statement except to the extent that they relate to items recognised分別在其他全面收益或權益項內確認。 in other comprehensive income or directly in equity, in which case the relevant amounts of tax are recognised in other comprehensive income or directly in equity respectively.
本期稅項為本年度應課稅收入按結算日已頒 Current tax is the expected tax payable on the taxable income for the佈或基本上已頒佈的稅率計算的預計應付稅 year, using tax rates enacted or substantively enacted at the end of項，並已包括往年應付稅項的任何調整。 the reporting period, and any adjustment to tax payable in respect of previous years.
二零一六年報 081
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(o)所得稅（續） (o) Income tax (continued)
遞延稅項資產及負債是因納稅基礎計算的資 Deferred tax assets and liabilities arise from deductible and taxable產及負債與其賬面值之間的差異而分別產生 temporary differences respectively, being the differences between的可扣稅及應課稅的暫時性差異。遞延稅項 the carrying amounts of assets and liabilities for financial reporting資產也包括尚未使用的稅項虧損及尚未使用 purposes and their tax bases. Deferred tax assets also arise from的稅項抵免。 unused tax losses and unused tax credits.
除了某些有限的例外情況外，所有遞延稅項 Apart from certain limited exceptions, all deferred tax liabilities, and all負債和所有遞延稅項資產（只限於可用來抵 deferred tax assets to the extent that it is probable that future taxable銷日後應課稅溢利的部份）均予確認。可支 profits will be available against which the asset can be utilised, are持確認可扣稅暫時性差異所產生的遞延稅項 recognised. Future taxable profits that may support the recognition資產的日後應課稅溢利包括因回撥現有應課 of deferred tax assets arising from deductible temporary differences稅暫時性差異所產生者，惟該等差異必須與 include those that will arise from the reversal of existing taxable同一稅務機關及同一應課稅實體有關，並預 temporary differences, provided those differences relate to the same期會在預期回撥可扣稅暫時性差異的同一期 taxation authority and the same taxable entity, and are expected間或遞延稅項資產所產生的稅務虧損可向後 to reverse either in the same period as the expected reversal of the期或前期結轉的期間內回撥。在釐定現有應 deductible temporary difference or in periods into which a tax loss課稅暫時性差異是否支持確認未使用稅務虧 arising from the deferred tax asset can be carried back or forward. The損及抵免所產生的遞延稅項資產時，會採用 same criteria are adopted when determining whether existing taxable同一準則，即如果差異與同一稅務機關及同 temporary differences support the recognition of deferred tax assets一應課稅實體有關，便會計算在內，並預期 arising from unused tax losses and credits; that is, those differences會在可動用稅務虧損或抵免的期間內回撥。 are taken into account if they relate to the same taxation authority and the same taxable entity, and are expected to reverse in a period, or periods, in which the tax loss or credit can be utilised.根據會計政策附註2(h)，按公允價值列賬的 Where investment properties are carried at their fair value in投資物業於報告期內出售，遞延稅項會被確 accordance with the accounting policy set out in note 2(h), the認及按照稅率計算該等投資物業的賬面值， amount of deferred tax recognised is measured using the tax rates除非該投資物業是可供折舊和其商業模式目 that would apply on sale of those assets at their carrying value at the的是消耗幾乎所有投資物業的經濟利益，而 reporting date unless the property is depreciable and is held within不是出售財產。在所有其他情況下，另遞延 a business model whose objective is to consume substantially all of稅項是以有關資產及負債賬面值的預期實現 the economic benefits embodied in the property over time, rather或結算金額，按結算日已頒佈或基本上已頒 than through sale. In all other cases, the amount of deferred tax佈的稅率確認。遞延稅項資產及負債不予折 recognised is measured based on the expected manner of realisation現。 or settlement of the carrying amount of the assets and liabilities, using tax rates enacted or substantively enacted at the end of the reporting period. Deferred tax assets and liabilities are not discounted.於每一結算日，本行將檢討有關的遞延稅項 The carrying amount of a deferred tax asset is reviewed at the end of資產的賬面值，對不再有足夠的應課稅溢利 each reporting period and is reduced to the extent that it is no longer以實現相關稅務利益的部份予以扣減。被扣 probable that sufficient taxable profit will be available to allow the減的遞延稅項資產若於將來出現足夠的應課 related tax benefit to be utilised. Any such reduction is reversed to the稅溢利時，應予回撥。 extent that it becomes probable that sufficient taxable profit will be available.
082中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(o)所得稅（續） (o) Income tax (continued)
除非集團有權力回撥遞延稅項負債之臨時差 Deferred income tax liabilities are provided on taxable temporary額及有很大可能有關臨時差額會於可預期之 differences arising from investment in subsidiaries, except for未來回撥，否則源於投資於附屬公司的應課 deferred income tax liability where the timing of the reversal of the稅臨時差額需確認為遞延稅項負債。因源於 temporary difference is controlled by the Group and it is probable投資於附屬公司所產生的可扣稅之臨時差額 that the temporary difference will not reverse in the foreseeable則只有很大可能在未來回撥有關臨時差額及 future. Deferred income tax assets are recognised on the deductible有足夠應課稅溢利可用作抵銷臨時差額的情 temporary differences arising from investments in subsidiaries, only to況下確認遞延稅項資產。 the extent that it is probable the temporary difference will reverse in the future and there is sufficient taxable profit available against which the temporary difference can be utilised.
因派發股息而產生的額外所得稅在確認支付 Additional income tax that arises from the distribution of dividends有關股息的責任時確認。 is recognised when the liability to pay the related dividends is recognised.
本期稅項及遞延稅項結餘和其變動會分開列 Current tax balances and deferred tax balances, and movements示，而且不予抵銷。當本集團有合法權利並 therein, are presented separately from each other and are not offset.符合以下附帶條件的情況下，本期和遞延稅 Current tax assets are offset against current tax liabilities, and deferred項資產才可分別抵銷本期和遞延稅項負債： tax assets against deferred tax liabilities if, and only if, the Group has the legally enforceable right to set off current tax assets against current tax liabilities and the following additional conditions are met:－本期稅項資產和負債：本集團計劃按 – in the case of current tax assets and liabilities, the Group intends淨額基準結算，或在實現資產的同時 either to settle on a net basis, or to realise the asset and settle清償負債；或 the liability simultaneously; or
－遞延稅項資產和負債：這些資產和負 – in the case of deferred tax assets and liabilities, if they relate to債必須與同一稅務機關就以下其中一 income taxes levied by the same taxation authority on either:項徵收的所得稅有關：
－同一應課稅實體；或 – the same taxable entity; or
－不同的應課稅實體。這些實體計 – different taxable entities, which, in each future period劃在預期有大額遞延稅項負債需 in which significant amounts of deferred tax liabilities要清償或遞延稅項資產可以收回 or assets are expected to be settled or recovered,的每一未來期間，按淨額基準實 intend to realise the current tax assets and settle the現本期稅項資產和清償本期稅項 current tax liabilities on a net basis or realise and settle負債，或在實現資產的同時清償 simultaneously.
負債。
二零一六年報 083
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(p)外幣換算 (p) Translation of foreign currencies
(i)運作貨幣及呈列貨幣 (i) Functional and presentation currency
包括在每一個集團個體的財務報表的 Items included in the financial statements of each of the項目，都以該個營運地區主要經濟 Group’s entities are measured using the currency of the primary體系所採用之貨幣來計量（「運作貨 economic environment in which the entity operates(‘the幣」）。本綜合財務報表乃以港幣千元 functionalcurrency’). The consolidated financial statements are呈列，而港幣乃本銀行之運作貨幣及 presented in thousands of units of Hong Kong Dollars(HK$’000),本集團之呈列貨幣。 which is theBank’s functional currency and theGroup’s presentation currency.
(ii)交易及結餘 (ii) Transactions and balances
本年度內的外幣交易按交易日的匯率 Foreign currency transactions during the year are translated換算為港幣。以外幣計算的貨幣資產 into functional currency at the exchange rates ruling at the與負債則按結算日的匯率換算為港 transaction dates. Monetary assets and liabilities denominated幣。匯兌盈虧均在收益表確認。 in foreign currencies are translated into Hong Kong dollars at the exchange rates ruling at the end of the reporting period. Exchange gains and losses are recognised in the income statement.
以歷史成本計量的外幣非貨幣資產與 Non-monetary assets and liabilities that are measured in terms負債是按交易日的外幣匯率換算為港 of historical cost in a foreign currency are translated into幣。以外幣為單位並以公允價值列賬 Hong Kong dollars using the foreign exchange rates ruling的非貨幣資產與負債按計量公允價值 at the transaction dates. Non-monetary assets and liabilities當日的外幣匯率換算。 denominated in foreign currencies that are stated at fair value are translated using the foreign exchange rates ruling at the dates the fair value was measured.
有關通過損益以反映公允價值的投資 Exchange differences relating to investments at fair value及衍生金融工具的匯兌差額，計入指 through profit or loss and derivative financial instruments are定為通過損益以反映公允價值的交易 included in gains less losses from trading securities or financial用途證券或金融工具的收益減虧損 instruments designated at fair value through profit or loss. All中。所有其他有關貨幣項目的匯兌差 other exchange differences relating to monetary items are額在收益表外幣買賣淨盈虧項下列 presented as gains less losses from dealing in foreign currencies示。因折算可供出售權益工具而產生 in the income statement. Differences arising on the translation的差額則於其他全面收益內確認，並 of available-for-sale equity instruments are recognised in other分別累計在權益之投資重估儲備內。 comprehensive income and accumulated separately in equity in the investment revaluation reserve.
海外企業的業績按交易日的匯率換算 The results of foreign operations are translated into Hong為港幣。財務狀況表項目則按結算日 Kong dollars at the exchange rates approximating the的匯率換算。所產生的匯兌差額在其 foreign exchange rates ruling at the dates of the transactions.他全面收益內確認，並分別累計在權 Statements of financial position items are translated into Hong益之匯兌儲備內。 Kong dollars at the foreign exchange rates ruling at the end of the reporting period. The resulting exchange differences are recognised in other comprehensive income and accumulated separately in equity in the exchange reserve.
當出售海外企業的出售收益或虧損確 On disposal of a foreign operation, the cumulative amount of認時，與該海外業務相關的累計匯兌 the exchange differences relating to that foreign operation
差額由權益重新分類而轉入收益表。 is reclassified from equity to the income statement when the
profit or loss on disposal is recognised.
084中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(q)財務擔保簽發、準備及或有負債 (q) Financial guarantees issued, provisions and contingent liabilities (i)財務擔保簽發 (i) Financial guarantees issued
財務擔保合約是指當某一指定債務人 Financial guarantees are contracts that require the issuer (i.e.不能根據債務工具的條款支付到期債 the guarantor) to make specified payments to reimburse the務，發行人（即擔保人）須向擔保受益 beneficiary of the guarantee (the holder) for a loss the holder人（持保人）償付有關款項。 incurs because a specified debtor fails to make payment when due in accordance with the terms of a debt instrument.本集團簽發給客戶之財務擔保，初始 Where the Group issues a financial guarantee to customers,時按擔保之公允價值確認為遞延收 the fair value of the guarantee is initially recognised as deferred入，列入「其他負債」項下。已簽發的 income within other liabilities. The fair value of financial財務擔保在簽發時之公允價值，如可 guarantees issued at the time of issuance is determined by獲取有關資料，則參照類同服務在正 reference to fees charged in anarm’s length transaction for常交易中所收取的服務費以釐定；否 similar services when such information is obtainable, or is則，則參照貸方提供擔保時的實際利 otherwise estimated by reference to interest rate differentials率與未提供擔保時貸方估計的利率相 by comparing the actual rates charged by lenders when the比較所得的利率差以作出估計，而在 guarantee is made available with the estimated rates that該情況下對此資料作出合理估計。本 lenders would have charged had the guarantees not been行簽發給子公司之財務擔保，則估計 available, where reliable estimates of such information can其擔保之公允價值，分別資本化於附 be made. Where the Bank issues a financial guarantee to its屬公司投資成本，及「其他負債」項下 subsidiaries, the fair value of the guarantee is estimated and之遞延收入內。 capitalised as the cost of investment in subsidiaries and deferred income within other liabilities.
遞延收入按擔保期限於收益表內攤 The deferred income is amortised in the income statement over銷，確認為財務擔保簽發收入。此 the term of the guarantee as income from financial guarantees外，如當(a)擔保持保人很可能就擔保 issued. In addition, provisions are recognised in accordance with合約向本集團追索；及(b)向本集團追 note 2(q)(ii) if and when (a) it becomes probable that the holder索的金額預計超過現行就該擔保列入 of the guarantee will call upon the Group under the guarantee,「其他負債」的金額，即初始確認金額 and (b) the amount of that claim on the Group is expected減累計攤銷，會根據附註2(q)(ii)確認準 to exceed the amount currently carried in other liabilities in備。 respect of that guarantee, i.e. the amount initially recognised, less accumulated amortisation.
(ii)其他準備及或有負債 (ii) Other provisions and contingent liabilities
倘若本集團或本行須就已發生的事件 Provisions are recognised for liabilities of uncertain timing or承擔法律或推定義務，而履行該義務 amount when the Group or the Bank has a legal or constructive預期很可能會導致經濟效益外流，並 obligation arising as a result of a past event. It is probable that可作出可靠的估計，便會就該時間或 an outflow of economic benefits will be required to settle the數額不定的負債計提準備。如果貨幣 obligation and a reliable estimate can be made. Where the time時間價值重大，則按預計履行義務支 value of money is material, provisions are stated at the present出的現值計列準備。 value of the expenditure expected to settle the obligation.倘若經濟效益外流的可能性不大，或 Where it is not probable that an outflow of economic benefits是無法對有關數額作出可靠的估計， will be required or the amount cannot be estimated reliably,便會將該義務披露為或有負債；但倘 the obligation is disclosed as a contingent liability, unless the若經濟效益外流的可能性極低則除 probability of outflow of economic benefits is remote. Possible外。須視乎某宗或多宗未來事件是否 obligations, whose existence will only be confirmed by the發生而確定存在與否的潛在義務，亦 occurrence or non-occurrence of one or more future events, are
會披露為或有負債；但倘若經濟效益 also disclosed as contingent liabilities unless the probability of
外流的可能性極低則除外。 outflow of economic benefits is remote.
二零一六年報 085
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(r)關聯方 (r) Related parties
(a)個人，或與該個人關係密切的家庭成 (a) A person, or a close member of thatperson’s family, is related to員與本集團相關聯，如果該個人： the Group if that person:
(i) 控制或共同控制本集團； (i) has control or joint control over the Group
(ii)對本集團具有重大影響；或 (ii) has significant influence over the Group; or
(iii)是本集團或本集團母公司管理人 (iii) is a member of the key management personnel of the員的成員。 Group or theGroup’s parent.
(b)如果符合以下條件，則某實體與本集 (b) An entity is related to the Group if any of the following團相關聯： conditions applies:
(i) 該實體與本集團受同一母公司 (i) The entity and the Group are members of the same group控制（這意味著任何一方的母公 (which means that each parent, subsidiary and fellow司、附屬公司以及同級附屬公司 subsidiary is related to the others)
都與另一方相關聯）；
(ii)某一實體是另一實體的聯營公司 (ii) One entity is an associate or joint venture of the other或共同控制公司（或是另一實體 entity (or an associate or joint venture of a member of a所屬集團的一個成員的聯營公司 group of which the other entity is a member)或共同控制公司）；
(iii)兩家實體都是相同第三方的共同 (iii) Both entities are joint ventures of the same third party控制公司；
(iv)某一實體是第三方的共同控制公 (iv) One entity is a joint venture of a third entity and the other司並且另一實體是該第三方的聯 entity is an associate of the third entity
營公司；
(v)該實體是為本集團或與本集團關 (v) The entity is a post-employment benefit plan for the聯的實體的僱員福利而設的離職 benefit of employees of either the Group or an entity後福利計劃； related to the Group
(vi)該實體受(a)項所述個人的控制或 (vi) The entity is controlled or jointly controlled by a person共同控制； identified in (a)
(vii)(a)(i)項所述的個人對該實體實施 (vii) A person identified in (a)(i) has significant influence重大影響或是該實體（或其母公 over the entity or is a member of the key management司）的關鍵管理人員的成員； personnel of the entity (or of a parent of the entity). (viii)該實體或是其集團中一部份之任 (viii) The entity, or any member of a group of which it is a part,何成員而提供主要管理人員服務 provides key management personnel services to the予本集團或本集團之母公司。 Group or to theGroup’s parent.
與個人關係密切的家庭成員是指在他們與實 Close members of the family of a person are those family members
體交易中可影響，或受該個人影響的家庭成 who may be expected to influence, or be influenced by that person in
員。 their dealings with the entity.
086中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(s)持有作出售的非流動資產 (s) Non-current assets held for sale
如一項非流動資產（或出售組合）的賬面值 A non-current asset (or disposal group) is classified as held for sale if it很有可能透過出售交易而非透過持續使用收 is highly probable that its carrying amount will be recovered through回，並且該非流動資產（或出售組合）能按 a sale transaction rather than through continuing use, and the asset (or現況出售，則可被分類為持有作出售。出售 disposal group) is available for sale in its present condition. A disposal組合是指一組資產於單一交易中一併售出， group is a group of assets to be disposed of together as a group in a而直接與該等資產相關的負債將於交易中轉 single transaction, and liabilities directly associated with those assets移。 that will be transferred in the transaction.
當本集團進行一項出售計劃而該計劃牽涉失 When the Group is committed to a sales plan involving loss of control去一間附屬公司之控制權時，當附合上述可 of a subsidiary, all the assets and liabilities of that subsidiary are被分類為持有作出售條件，該附屬公司之所 classified as held for sale when the above criteria for classification as有資產與負債應分類為持作出售，而不論本 held for sale are met, regardless of whether the Group will retain a集團於出售後是否保留附屬公司之非控股權 non-controlling interest in the subsidiary after the sale.
益。
在分類為持有作出售類別前，非流動資產 Immediately before classification as held for sale, the measurement（及在出售組合中所有個別的資產及負債） of the non-current assets (and all individual assets and liabilities的計量按重新分類前適用的會計政策作出 in a disposal group) is brought up to date in accordance with更新。非流動資產（以下所述之若干資產除 the accounting policies before the classification. Then, on initial外）或出售組合在初始分類為持有作出售類 classification as held for sale, and until disposal, the non-current別至售出期間，會以其賬面值及公允價值減 assets (except for certain assets as explained below) or disposal銷售成本的較低者列賬。在本集團及本行財 groups are recognised at the lower of their carrying amount and fair務報表中沒有使用此計量政策的主要項目包 value less costs to sell. The principal exceptions to this measurement括遞延稅項資產、因僱員福利所產生的金融 policy so far as the financial statements of the Group and the Bank資產（於附屬公司、聯營公司及共同控制公 are concerned are deferred tax assets, assets arising from employee司的投資除外）及投資物業。這些資產即使 benefits, financial assets (other than investments in subsidiaries,持有作出售，亦會繼續按附註2其他部份所 associates and joint ventures) and investment properties. These assets,載的政策計量。 even if held for sale, would continue to be measured in accordance with the policies set out elsewhere in note 2.
持有作出售資產因初始分類或以後的重新計 Impairment losses on initial classification as held for sale and on量而產生的減值虧損於收益表內確認。只要 subsequent remeasurement while held for sale, are recognised in the分類為持有作出售或包括於出售組合的非流 income statement. As long as a non-current asset is classified as held動資產則不會計算折舊或攤銷。 for sale, or is included in a disposal group that is classified as held for sale, the non-current asset is not depreciated or amortised.
二零一六年報 087
Annual Report 2016
財務報表附註 Notes to the Financial Statements
2 主要會計政策（續） 2 Significant accounting policies (continued)
(t)分部報告 (t) Segment reporting
於財務報表中呈列的經營分部及各分部項目 Operating segments, and the amounts of each segment item金額，是根據定期提供予本集團管理委員會 reported in the financial statements, are identified from the financial用於資源分配，以及評核本集團各業務部份 information provided regularly to theGroup’s management及區域所在地表現的財務資料辨識出來。 committee members for the purposes of allocating resources to, and assessing the performance of, theGroup’s various lines of business and geographical locations.
除非分部的經濟特性、在產品和服務性質、 Individually material operating segments are not aggregated for生產程序性質、客戶類別和等級、銷售產 financial reporting purposes unless the segments have similar品和提供服務的方法、及監管環境的性質相 economic characteristics and are similar in respect of the nature of近，個別重大的經營分部不會在財務報表內 products and services, the nature of production processes, the type合計。如它們擁有以上大部份的標準，並且 or class of customers, the methods used to distribute the products or個別上不重大，則可能會被合計。 provide the services, and the nature of the regulatory environment. Operating segments which are not individually material may be aggregated if they share a majority of these criteria.
3 會計政策的修訂 3 Changes in accounting policies
(a)本集團採納新訂和修訂的會計準則 (a) New and amended accounting standards adopted by the Group香港會計師公會頒佈了數項香港財務報告準 The HKICPA has issued several amendments to HKFRSs that are first則的修改，這些改變於財政年度2016年1月 effective for the financial year beginning on or after 1 January 2016:開始或以後首次生效：
－收購合營業務權益之會計處理－經修 – Accounting for acquisition of interests in joint operations–訂《香港財務報告準則》第11號 Amendments to HKFRS 11
－釐訂可接受的折舊和攤銷方法－經修 – Clarification of acceptable methods of depreciation and訂《香港會計準則》第16號及《香港會 amortisation– Amendments to HKAS 16 and HKAS 38計準則》第38號
－年度改進《香港財務報告準則》2012年 – Annual improvements to HKFRSs 2012-2014 cycle, and至2014年週期，及
－披露計劃－經修訂《香港會計準則》 – Disclosure initiative– amendments to HKAS 1.
第1號
以上在本集團當前會計期間生效的《香港財 Amendments to HKFRSs or HKASs as stated above effective for the務報告準則》或《香港會計準則》的修訂， current accounting period of the Group do not have a material impact對本集團並無重大影響。 on the Group.
本集團並無採用任何在當前會計期間尚未生 The Group has not applied any new standards or interpretations not效的新準則或詮釋。 yet effective for the current accounting period.
088中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
3 會計政策的修訂（續） 3 Changes in accounting policies (continued)
(b)未來會計準則發展，但於截至2016年12月 (b) Future accounting development but not effective for the year31日止年度尚未實施 ended 31 December 2016
截至本財務報表刊發日，香港會計師公會已 Up to the date of issue of these financial statements, the HKICPA頒佈多項修訂、新準則和詮釋，但這些修 has issued a few amendments and new standards which are not yet訂、新準則和詮釋在截至2016年12月31日止 effective for the year ended 31 December 2016 and which have not年度尚未實施，亦沒有在本綜合財務報表內 been adopted in the consolidated financial statements. These include採納。與本集團相關的修訂和準則如下： the following which may be relevant to the Group:
由會計期開始或以後起生效 Effective for accounting periods beginning on or after－《香港財務報告準則》第9號「金融工具」 – HKFRS 9,‘Financialinstruments’ 2018年1月1日 1 January 2018－《香港財務報告準則》第15號「與客戶之間 – HKFRS 15,‘Revenue from contracts withcustomers’ 2018年1月1日的合同產生的收入」 1 January 2018－《香港財務報告準則》第16號「租賃」 – HKFRS 16,‘Leases’ 2019年1月1日 1 January 2019《香港財務報告準則》第9號「金融工具」 HKFRS 9,‘Financialinstruments’
於2014年9月，香港會計師公會頒佈《香港 In September 2014, the HKICPA issued the final HKFRS 9, Financial財務報告準則》第9號「金融工具」終定本， Instruments, which is the comprehensive standards to replace HKAS此為全面的準則及取代《香港會計準則》第 39, Financial Instruments: Recognition and Measurement (“HKAS39號「金融工具：確認及計量」，並包括金 39”), and includes requirements for classification and measurement融資產及負債之分類及計量、金融資產減值 of financial assets and liabilities, impairment of financial assets and及對沖會計的規定。 hedge accounting.
金融資產的分類及計量將取決於管理實體的 The classification and measurement of financial assets will depend業務模式及其合約現金流特性，將金融資產 on theentity’s business model for their management and their歸類為攤銷成本、公平價值計入其他全面收 contractual cash flow characteristics and result in financial assets益表或按公允價值計入收益表。金融負債的 being classified and measured at amortised cost, fair value through分類大致維持不變，惟按牽涉實體本身信貸 other comprehensive income (“FVOCI”) or fair value through profit or風險變動引致公允價值損益的負債，將納入 loss. The classification of financial liabilities is essentially unchanged,其他全面收益。 except that, for certain liabilities measured at fair value, gains or losses relating to changes in theentity’s own credit risk are to be included in other comprehensive income.
減值規定適用於按攤銷成本計量及按公允價 The impairment requirements apply to financial assets measured值計入其他全面收益的金融資產、租賃應 at amortised cost and FVOCI, lease receivables, certain loan收賬款、貸款承諾及金融擔保合約。於初 commitments and financial guarantee contracts. At initial recognition,步確認該金融資產時，須對可能於未來12個 allowance (or provision in the case of commitments and guarantees)月內發生的違約事件所產生的預期信貸損 is required for expected credit losses (“ECL”) resulting from default失（「12個月預期信貸損失」）作出準備（或 events that are possible within the next 12 months (“12 month ECL”).為承諾及擔保之撥備）。倘若有關金融工具 In the event of a significant increase in credit risk, allowance (or之信貸風險大幅上升，對其預期年限內所有 provision) is required for ECL resulting from all possible default events
可能發生的違約事件而產生的預期貸款損失 over the expected life of the financial instrument (“lifetime ECL”).
（「預期年限貸款損失」）作出準備（或撥備）。
二零一六年報 089
Annual Report 2016
財務報表附註 Notes to the Financial Statements
3 會計政策的修訂（續） 3 Changes in accounting policies (continued)
(b)未來會計準則發展，但於截至2016年12月 (b) Future accounting development but not effective for the year31日止年度尚未實施（續） ended 31 December 2016 (continued)
《香港財務報告準則》第9號「金融工具」（續） HKFRS 9,‘Financialinstruments’ (continued)
自首次確認入賬後，每個業績報告期均須考 The assessment of whether credit risk has increased significantly慮金融工具餘下年限內發生違約的或然率以 since initial recognition is performed for each reporting period by評估信貸風險是否大幅上升，而非考慮預期 considering the probability of default occurring over the remaining信貸損失的增加。因此，《香港財務報告準 life of the financial instrument, rather than by considering an則》第9號「金融工具」對減值之確認及計量 increase in ECL. As a result of the final HKFRS 9, the recognition and較《香港會計準則》第39號具備較大前瞻性。 measurement of impairment is intended to be more forward-looking than under HKAS 39.
一般對沖會計法之規定旨在簡化對沖會計 The general hedge accounting requirements aim to simplify hedge法，加強其與風險管理策略之聯繫，並允許 accounting, creating a stronger link between it and risk management前者可更廣泛應用於對沖工具及風險。此項 strategy and permitting the former to be applied to a greater準則並無明確處理宏觀對沖會計策略，宏觀 variety of hedging instruments and risks. The standard does not對沖會計策略會在其他項目中予以個別處 explicitly address macro hedge accounting strategies, which are理。為消除現有宏觀對沖會計慣例與新訂一 being considered in a separate project. To remove the risk of any般對沖會計規定之間出現任何衝突的風險， conflict between existing macro hedge accounting practice and the《香港財務報告準則》第9號包括一項會計政 new general hedge accounting requirements, HKFRS 9 includes an策上的選擇，即可以沿用《香港會計準則》 accounting policy choice to remain with HKAS 39 hedge accounting.第39號的對沖會計法。
分類、計量及減值之規定於開始實施當日透 The classification and measurement and impairment requirements are過調整期初資產負債表之結餘並追溯應用， applied retrospectively by adjusting the opening balance sheet at the且毋須重列比較期間的資料。截至目前之 date of initial application, with no requirement to restate comparative分析，本集團預計將繼續選擇採用《香港會 periods. For hedge accounting, based on the analysis performed to計準則》第39號對沖會計法，現無意計劃修 date, the Group expects to exercise the accounting policy choice to改。惟基於《香港財務報告準則》第7號「金 continue HKAS 39 hedge accounting and therefore is not currently融工具披露」之要求，本集團將採納已修訂 planning to change hedge accounting, although it will implement之對沖會計披露方法。 the revised hedge accounting disclosure required by the related amendments to HKFRS 7 “Financial Instruments: Disclosures”.該準則須於2018年1月1日全面應用，但按公 The mandatory application date for the standard as a whole is允價值計量的若干負債可於較早日期以經修 1 January 2018, but it is possible to apply the revised presentation訂的方式呈列。本集團現正評估《香港財務 for certain liabilities measured at fair value at an earlier date. The報告準則》第9號對其財務報表之潛在影響 Group is currently assessing the potential impact of HKFRS 9 on the及在實際可行的情況下提供可靠的估計。 financial statements and intends to provide reliable estimates once it is practicable.
090中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
3 會計政策的修訂（續） 3 Changes in accounting policies (continued)
(b)未來會計準則發展，但於截至2016年12月 (b) Future accounting development but not effective for the year31日止年度尚未實施（續） ended 31 December 2016 (continued)
《香港財務報告準則》第15號「與客戶之間的 HKFRS 15,‘Revenue from contracts withcustomers’
合同產生的收入」
香港會計師公會就收入確認頒佈了一項新準 The HKICPA has issued a new standard for the recognition of revenue.則，用以取替《香港會計準則》第18號涵蓋 This will replace HKAS 18 which covers contracts for goods and貨物及服務合同及《香港會計準則》第11號 services and HKAS 11 which covers construction contracts. The new涵蓋建造合同。新準則是根據原則，當客戶 standard is based on the principle that revenue is recognised when取得貨物或服務的控制權時，才確認收入。 control of good or service transfers to a customer. The Standard該準則准許在採納時選用全面追溯應用或修 permits either a full retrospective or a modified retrospective訂追溯應用。 approach for the adoption.
現階段，本集團正對其財務影響進行更多的 At this stage, the Group is in process to make more detailed詳細評估及預計新準則應用後，對本集團的 assessments of the financial impact and expects that the standard綜合財務報表並無重大影響。 will not have significant impact, when applied, on the consolidated financial statements of the Group.
《香港財務報告準則》第15號必須在2018年1 HKFRS 15 is mandatory for financial years commencing on or after月1日或之後開始的財政年度採納，目前， 1 January 2018. At this stage, the Group does not intend to adopt the本集團預計不會在生效日期前採納此準則。 standard before its effective date.
《香港財務報告準則》第16號「租賃」 HKFRS 16,‘Leases’
《香港財務報告準則》第16號「租賃」將導致 HKFRS 16 will result in almost all lease being recognised on the差不多所有租賃在資產負債表內確認，經營 balance sheet, as the distinction between operating and finance lease租賃與融資租賃的劃分已被刪除。根據該新 is removed. Under the new standard, an asset (the right to use the準則，資產（該租賃項目的使用權）與支付 leased item) and a financial liability to pay rentals are recognised. The租金的金融負債被確認。唯一例外者為短期 only exemptions are short-term leases and leases of low-value assets.租賃和低價值資產租賃。
對出租人的會計處理將不會有重大改變。 The accounting for lessors will not significantly change.
此準則將主要影響集團經營租賃的會計處 The standard will affect primarily the accounting for theGroup’s理。然而，本集團仍未釐定該等承擔將導致 operating leases. However, the Group has not yet determined to what資產和負債就未來付款確認的程度，以及將 extent these commitments will result in the recognition of an asset如何影響集團的利潤和現金流量分類。 and a liability for future payments and how this will affect theGroup’s profit and classification of cash flows.
若干承擔或會由豁免的短期租賃和低價值租 Some of the commitments may be covered by the exemptions賃所涵蓋，同時根據《香港財務報告準則》 for short-term leases and leases of low-value leases and some第16號，部份承擔可能不符合租賃的定義。 commitments may relate to arrangements that will not qualify as leases under HKFRS 16.
此新準則必須在2019年1月1日或之後開始的 The new standard is mandatory for financial year commencing on財政年度採納。目前，本集團預計不會在生 or after 1 January 2019. At this stage, the Group does not intend to效日期前採納此準則。 adopt the standard before its effective date.
此外，並沒有其他尚未生效的香港財務報告 There are no other HKFRSs or HK (IFRIC) interpretations that are not
準則或香港會計準則的解釋預期將會對本集 yet effective that would be expected to have a material impact on the
團產生重大影響。 Group.
二零一六年報 091
Annual Report 2016
財務報表附註 Notes to the Financial Statements
4 利息收入及利息支出 4 Interest income and interest expense
(a)利息收入 (a) Interest income
2016 2015港幣千元 港幣千元HK$’000 HK$’000上市證券 Listed securities 327,449 209,114非上市證券 Unlisted securities 613,429 481,089在銀行及其他金融機構的 Balances and placements with banks and
結存及存款 other financial institutions 385,991 748,931墊款及其他（附註） Advances and other accounts (Note) 5,734,659 5,129,734非按公允價值計入損益的 Interest income on financial assets that are not
金融資產的利息收入 at fair value through profit or loss 7,061,528 6,568,868 (b)利息支出 (b) Interest expense
2016 2015港幣千元 港幣千元HK$’000 HK$’000客戶、銀行及其他金融機構的 Deposits from customers, banks and
存款及其他 other financial institutions and others 2,252,360 2,496,671已發行存款證 Certificates of deposit issued 176,278 148,579已發行債務資本 Loan capital issued 504,064 503,309非按公允價值計入損益的 Interest expense on financial liabilities that
金融負債的利息支出 are not at fair value through profit or loss 2,932,702 3,148,559附註︰ Note:
截至2016年12月31日止年度，利息收入包括減值 Included in the above is interest income on impaired financial assets of金融資產的應計利息收入港幣42,133,000元（2015 HK$42,133,000 (2015:HK$19,435,000), which includes interest income on the年：港幣19,435,000元），其中已包括貸款減值虧 unwinding of the discount on loan impairment losses ofHK$28,404,000 (2015:損折現撥回的利息收入港幣28,404,000元（2015 HK$12,575,000) (note 19(b)) for the year ended 31 December 2016.年︰港幣12,575,000元）（附註19(b)）。
092中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
5 淨費用及佣金收入 5 Net fee and commission income
2016 2015港幣千元 港幣千元HK$’000 HK$’000費用及佣金收入： Fee and commission income:
票據業務佣金 Bills commission 117,530 116,360信用卡相關收入 Card-related income 28,807 31,172一般銀行服務 General banking services 126,747 118,286保險 Insurance 542,598 314,895投資及結構性投資產品 Investment and structured investment products 94,600 150,913貸款、透支及融資費用 Loans, overdrafts and facilities fees 660,355 391,955其他 Others 712 613 1,571,349 1,124,194費用及佣金支出 Fee and commission expense (75,114) (55,779) 1,496,235 1,068,415其中： Of which:
淨費用及佣金收入（不包括 Net fee and commission income (other than the
用作計算實際利率的金額）， amounts included in determining the effective
關於並非按公允價值計入 interest rate) relating to financial assets and
損益賬的金融資產及負債： liabilities not at fair value through profit or loss:
－費用及佣金收入 – Fee and commission income 806,692 539,487－費用及佣金支出 – Fee and commission expense (21,584) (16,898) 785,108 522,589 6 淨交易收入 6 Net trading income
2016 2015港幣千元 港幣千元HK$’000 HK$’000買賣外幣收益減虧損 Gains less losses from dealing in foreign currencies 441,529 1,106,972買賣交易用途證券收益減虧損 Gains less losses from trading securities 11,748 6,868買賣衍生工具收益減虧損 Gains less losses from derivatives (17,493) (70,911)交易用途資產利息收入 Interest income on trading assets 181,746 188,618 617,530 1,231,547
二零一六年報 093
Annual Report 2016
財務報表附註 Notes to the Financial Statements
7 淨對沖收益 7 Net hedging gain
2016 2015港幣千元 港幣千元HK$’000 HK$’000公允價值對沖淨（虧損）╱收益 Net hedging (loss)/gain on fair value hedges
－歸屬對沖風險的對沖項目 – Net gain on hedged items attributable to 40,836 27,141淨收益 the hedged risk
－對沖工具淨虧損 – Net loss on hedging instruments (40,872) (26,142) (36) 999現金流量對沖淨收益 Net hedging gain on cash flow hedges 162 – 126 999 8 出售可供出售證券淨收益 8 Net gain on disposal of available-for-sale securities 2016 2015港幣千元 港幣千元HK$’000 HK$’000由儲備轉撥的淨重估收益 Net revaluation gain transferred from reserves 121,883 57,247年度內產生的淨收益 Net gain arising in current year 7,846 2,468 129,729 59,715 9 其他經營收入 9 Other operating income
2016 2015港幣千元 港幣千元HK$’000 HK$’000可供出售權益證券股息收入 Dividend income from available-for-sale equity securities
－上市 – Listed 198 394－非上市 – Unlisted 5,900 5,900 6,098 6,294投資物業租金收入 Rental income from investment properties 6,842 7,242減直接支出：港幣301,000元 less direct outgoings ofHK$301,000
（2015年：港幣281,000元） (2015:HK$281,000)
其他 Others 27,440 36,492 40,380 50,028
094中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
10經營支出 10 Operating expenses
2016 2015港幣千元 港幣千元HK$’000 HK$’000 (a)員工成本 (a) Staff costs
薪金及其他員工成本 Salaries and other staff costs 1,663,335 1,409,925退休金成本（附註31） Retirement costs (note 31) 91,652 82,115 1,754,987 1,492,040 (b)折舊 (b) Depreciation
物業及設備折舊（附註22） Depreciation of property and equipment (note 22)
－根據經營租賃持有的資產 – Assets held for use under operating leases 19,423 19,503－其他資產 – Other assets 130,797 115,632 150,220 135,135 (c)其他經營支出 (c) Other operating expenses
物業及設備支出 Property and equipment expenses
（不包括折舊）（附註） (excluding depreciation) (Note)
－物業租金 – Rental of properties 271,407 262,451－其他 – Others 230,444 212,601核數師酬金 Auditor’s remuneration 6,791 8,927廣告費 Advertising 56,596 64,586通訊費、印刷及文儀用品 Communication, printing and stationery 98,167 87,522法律及專業費用 Legal and professional fees 49,186 34,016其他 Others 198,391 266,928 910,982 937,031經營支出總額 Total operating expenses 2,816,189 2,564,206附註： Note:
其他經營支出包括根據經營租賃支付的最低應付 Included in other operating expenses are minimum lease payments under租賃支出，分別為設備租賃支出港幣5,228,000元 operating leases ofHK$5,228,000 (2015:HK$1,931,000) for the hire of（2015年：港幣1,931,000元）及其他資產租賃支出 equipment, andHK$258,344,000 (2015:HK$250,108,000) for the hire of other（包括物業租金）港幣258,344,000元（2015年：港 assets (including property rentals).
幣250,108,000元）。
二零一六年報 095
Annual Report 2016
財務報表附註 Notes to the Financial Statements
11董事酬金 11Directors’ remuneration
根據香港《公司條例》（第622章）第383條及 TheDirectors’ remuneration disclosed pursuant to section 383 of the公司「披露董事利益資料」法規而披露的董 Hong Kong Companies Ordinance (Cap. 622) and the Companies事酬金如下： (Disclosure of Information about Benefits of Directors) Regulation is set out as below:
2016 2015港幣千元 港幣千元HK$’000 HK$’000董事袍金 Directors’ fees 4,166 4,427薪金、津貼及實物利益（附註(i)至(iii)） Salaries, allowances and benefits in kind (notes (i) to (iii)) 19,106 31,039酌情花紅 Discretionary bonuses 17,742 13,809退休計劃供款 Retirement scheme contributions 1,281 1,412 42,295 50,687附註： Note:
(i) 實物利益主要包括房屋津貼及保險。 (i) Benefits in kind mainly include housing allowance and insurance premium.
(ii)根據保留激勵計劃（採用遞延機制），於 (ii) Under the retention incentive scheme (using a deferred mechanism),2016年支付予集團執行董事的現金獎勵為 cash benefits amounting toHK$Nil (2015:HK$2,738,000) were paid to港幣0元（2015年：港幣2,738,000元）。 the Executive Directors of the Group in 2016.
(iii)根據長期獎勵計劃（「計劃」），合資格人士 (iii) Under the long-term incentive scheme (“LTI”), eligible persons將獲得一定數量的增值權。增值權的支付 are granted a number of Appreciation Rights. Payment for each取決於計算超過3年本集團淨資產的賬面價 Appreciation Right is determined by the appreciation in theGroup’s值升值。根據管理層的最佳估計，於2016 net asset value over a three-year performance period. In 2016,年為數港幣18,000,000元（2015年：港幣 HK$18,000,000 (2015:HK$18,000,000) was accrued in the staff costs,18,000,000元）已計提在員工成本，並包括 including the amount payable to the Directors based onmanagement’s向董事發放的數額。 best estimation.
096中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
12貸款及墊款及其他賬項減值虧損 12 Impairment losses on loans and advances and other accounts
2016 2015港幣千元 港幣千元HK$’000 HK$’000減值虧損準備 Impairment losses charged
－貸款及墊款 – Loans and advances 354,489 468,602－其他賬項 – Other accounts 198,470 199,075 552,959 667,677貸款及墊款及其他賬項 Impairment losses on loans and advances and
減值虧損（附註19(b)） other accounts (note 19(b))
－個別評估 – Individual assessment 603,169 617,744－綜合評估 – Collective assessment (50,210) 49,933 552,959 667,677其中（附註19(b)）: of which (note 19(b)):
－提撥 – Additions 735,692 804,004－回撥 – Releases (139,875) (106,019)－收回金額 – Recoveries (42,858) (30,308) 552,959 667,677 13 Income tax in the consolidated income statement 13綜合收益表所示的所得稅
(a) Income tax in the consolidated income statement
(a)綜合收益表所示的所得稅
2016 2015港幣千元 港幣千元HK$’000 HK$’000本期稅項－香港利得稅 Current tax– Hong Kong Profits Tax
年內準備（附註27(a)） Provision for the year (note 27(a)) 437,512 344,233過往年度稅項準備（回撥）╱補提 (Over)/under-provision in respect of prior years (2,407) 61 435,105 344,294本期稅項－海外稅項 Current tax– Overseas
年內準備 Provision for the year 37,422 71,109過往年度稅項準備補提 Under-provision in respect of prior years 1,925 6,656 39,347 77,765遞延稅項 Deferred tax
暫時性差額產生（附註27(b)） Origination of temporary differences (note 27(b)) 30,546 11,180 504,998 433,2392016年度香港利得稅稅項是以年度估計應 The provision for Hong Kong Profits Tax for 2016 is calculated at16.5%課稅溢利按稅率16.5%（2015年：16.5%）計 (2015:16.5%) of the estimated assessable profits for the year. Taxation
算。海外分行及附屬公司的稅項則按照相關 for overseas branches and subsidiaries is charged at the appropriate
國家的適當現行稅率提撥準備。 current rates of taxation ruling in the relevant countries.
二零一六年報 097
Annual Report 2016
財務報表附註 Notes to the Financial Statements
13綜合收益表所示的所得稅（續） 13 Income tax in the consolidated income statement (continued)
(b)稅項支出與會計溢利按適用稅率計算稅款的 (b) Reconciliation between tax expense and accounting profit at對賬表 applicable tax rates
2016 2015港幣千元 港幣千元HK$’000 HK$’000稅前溢利 Profit before tax 3,053,239 2,601,446按以有關國家適用 Notional tax on profit before tax,
利得稅稅率計算 calculated at the rates
稅前溢利的名義稅項 applicable to profits in the countries concerned 489,485 420,496不可扣減支出的稅項影響 Tax effect of non-deductible expenses 25,108 18,202非應課稅收入的稅項影響 Tax effect of non-taxable revenue (8,519) (10,370)過往年度稅項準備（回撥）╱補提 (Over)/under-provision in prior years (746) 6,717其他 Others (330) (1,806)實際稅項支出 Actual tax expense 504,998 433,239 14 Other comprehensive income
14其他全面收益
Tax effects relating to each component of other comprehensive關於其他全面收益各組成部份的稅項影響
income
2016 2015
稅前數額 稅項支出除稅後淨額 稅前數額 稅項支出除稅後淨額 Before tax Tax Net-of-tax Before tax Tax Net-of-tax amount expense amount amount expense amount港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000換算海外附屬公司的 Exchange differences on translation of (93,590) – (93,590) (98,176) – (98,176)財務報表的匯兌差額 financial statements of overseas subsidiaries
現金流量對沖 Cash flow hedges
－現金流量對沖公允價值 – net movement in cash flow hedging 1,279 (211) 1,068 – – –儲備淨變動 reserve fair value reserve
可供出售證券 Available-for-sale securities
－可供出售證券公允價值 – net movement in available-for-sale (63,037) 12,780 (50,257) (116,914) 18,306 (98,608)儲備淨變動 fair value reserve
其他全面收益 Other comprehensive income (155,348) 12,569 (142,779) (215,090) 18,306 (196,784)
098中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
15分部資料 15 Segment reporting
分部資料的呈報形式與可報告分部一致，分 Segment information is prepared consistently with reportable部資料定期向包括管理委員會成員在內的主 segments. Information is regularly reported to the chief operating要營運決策人報告，以便為各分部分配資源 decision-maker, including management committee members, to和評估其績效。本集團確認了以下四大主要 allocate resources to the segments and to assess their performance.呈報分部： The Group has identified the following four main reportable segments:
公司及跨境業務包括香港及海外分行的企業 Wholesale and cross-border banking business includes wholesale銀行業務和中國銀行業務。企業銀行業務主 banking business in Hong Kong and overseas branches, and China要包括公司借貸及銀團貸款、貿易融資及現 banking. Wholesale banking mainly comprises corporate lending and金管理。海外分行包括於香港的管理辦公室 syndicated loans, trade financing and cash management. Overseas及於海外營運的分行。於中國的銀行業務主 branches include the management office unit in Hong Kong and要包括一間附屬銀行，以及於香港的中國銀 the branches operated overseas. China banking mainly includes a行業務管理辦公室。 subsidiary bank in China and the China banking management office in Hong Kong.
個人及商務銀行業務主要包括存款戶口服 Personal and business banking mainly comprises deposit account務、住宅物業按揭、其他消費借貸、信用卡 services, residential mortgages, other consumer lending, credit服務及中小企業貸款、財富管理服務及私人 card services, and Small and Medium Enterprises (“SMEs”) banking銀行。 business, wealth management services and private banking.財資及環球市場業務包括提供外匯交易服 Treasury and markets covers the provision of foreign exchange務、資金市場活動、管理投資證券及中央現 services, money market activities, the management of investment金管理。 securities and central cash management.
其他業務主要包括未能直接歸類任何現有呈 Others mainly comprises unallocated revenue and expenses, head報分部的收入及支出，總行及企業支出。 office, and corporate expenses.
就分部報告而言，經營收入的分配是根據內 For the purpose of segment reporting, the allocation of operating部轉讓價格機制反映資金的利益分配到業務 income reflects the benefits of funding resources allocated to the分部上。成本的分配是根據各業務分部的直 business segments based on the internal funds transfer pricing接成本及合理基準分配經常費用予各業務分 mechanism. Cost allocation is based on the direct costs incurred部。使用銀行物業產生的市值租金會反映於 by the respective business segments and the apportionment of「其他」業務下的分部間經營收入及各業務 overheads on a reasonable basis to the business segments. Rental分部的分部間經營支出中。 charges at the market rate for the use of bank premises are reflected as inter-segment income for the‘Others’ segment and inter-segment expenses for the respective business segments.
二零一六年報 099
Annual Report 2016
財務報表附註 Notes to the Financial Statements
15分部資料（續） 15 Segment reporting (continued)
(a)可呈報分部 (a) Reportable segments
2016
公司及 個人及
跨境業務 商務銀行 財資及
Wholesale and Personal and 環球市場
cross-border business Treasury and 其他 綜合 banking banking markets Others Consolidated港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000淨利息收入╱（支出） Net interest income/(expense) 3,080,961 1,592,121 (612,425) 68,169 4,128,826其他經營收入╱（支出） Other operating income/(expenses) 872,446 789,951 543,317 (51,443) 2,154,271出售可供出售證券淨收益 Net gain on disposal of
available-for-sale securities 19,155 – 110,574 – 129,729經營收入 Operating income 3,972,562 2,382,072 41,466 16,726 6,412,826經營支出 Operating expenses (519,982) (705,162) (91,794) (1,499,251) (2,816,189)分部間之經營（支出）╱收入 Inter-segment (expenses)/income (434,956) (678,908) (138,239) 1,252,103 –扣除減值準備前之經營 Operating profit/(loss) before impairment
溢利╱（虧損） 3,017,624 998,002 (188,567) (230,422) 3,596,637貸款及墊款及其他賬項減值 Impairment losses (charged)/written back on
（撥備）╱回撥 loans and advances and other accounts (321,918) (33,395) (198,470) 824 (552,959)經營溢利╱（虧損） Operating profit/(loss) 2,695,706 964,607 (387,037) (229,598) 3,043,678出售物業及設備淨 Net (loss)/gain on disposal of
（虧損）╱收益 property and equipment (22) (62) – 99 15投資物業重估收益 Revaluation gain on investment properties – – – 9,546 9,546稅前溢利╱（虧損） Profit/(loss) before taxation 2,695,684 964,545 (387,037) (219,953) 3,053,239所得稅 Income tax – – – (504,998) (504,998)本年度溢利╱（虧損） Profit/(loss) for the year 2,695,684 964,545 (387,037) (724,951) 2,548,241其他分部項目： Other segment items:
折舊 Depreciation 11,263 18,732 495 119,730 150,220分部資產 Segment assets 157,373,422 43,454,369 126,017,263 (20,428,099) 306,416,955分部負債 Segment liabilities 151,281,845 120,341,297 24,246,000 (21,406,203) 274,462,939本年度產生的資本開支 Capital expenditure incurred
during the year 9,276 17,669 3,650 163,317 193,912
100中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
15分部資料（續） 15 Segment reporting (continued)
(a)可呈報分部（續） (a) Reportable segments (continued)
2015
公司及 個人及
跨境業務 商務銀行 財資及
Wholesale and Personal and 環球市場
cross-border business Treasury and 其他 綜合 banking banking markets Others Consolidated港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000淨利息收入╱（支出） Net interest income/(expense) 2,733,891 1,333,658 (688,288) 41,048 3,420,309其他經營收入 Other operating income 714,954 658,904 903,096 74,035 2,350,989出售可供出售證券淨收益 Net gain on disposal of
available-for-sale securities 29,121 – 30,594 – 59,715經營收入 Operating income 3,477,966 1,992,562 245,402 115,083 5,831,013經營支出 Operating expenses (483,698) (674,460) (73,257) (1,332,791) (2,564,206)分部間之經營（支出）╱收入 Inter-segment (expenses)/income (343,018) (509,169) (114,049) 966,236 –扣除減值準備前之經營 Operating profit/(loss) before impairment
溢利╱（虧損） 2,651,250 808,933 58,096 (251,472) 3,266,807貸款及墊款及其他賬項減值 Impairment losses (charged)/written back on
（撥備）╱回撥 loans and advances and other accounts (441,416) (37,423) (199,075) 10,237 (667,677)經營溢利╱（虧損） Operating profit/(loss) 2,209,834 771,510 (140,979) (241,235) 2,599,130出售物業及設備淨虧損 Net loss on disposal of property and
equipment (16) (446) – (268) (730)投資物業重估收益 Revaluation gain on investment properties – – – 3,046 3,046稅前溢利╱（虧損） Profit/(loss) before taxation 2,209,818 771,064 (140,979) (238,457) 2,601,446所得稅 Income tax – – – (433,239) (433,239)本年度溢利╱（虧損） Profit/(loss) for the year 2,209,818 771,064 (140,979) (671,696) 2,168,207其他分部項目： Other segment items:
折舊 Depreciation 16,283 21,449 323 97,080 135,135分部資產 Segment assets 142,886,647 41,393,989 114,204,905 (15,950,573) 282,534,968分部負債 Segment liabilities 144,383,771 108,699,516 22,794,559 (17,397,083) 258,480,763本年度產生的資本開支 Capital expenditure incurred during the year 6,884 28,637 1,304 81,661 118,486
二零一六年報 101
Annual Report 2016
財務報表附註 Notes to the Financial Statements
15分部資料（續） 15 Segment reporting (continued)
(b)區域資料 (b) Geographical information
區域資料的分析是根據附屬公司的主要業務 The geographical information analysis is based on the location of the所在地點，或按負責報告業績或將資產及負 principal operations of the subsidiaries, or in the case of the Bank itself,債入賬的本行及其分行位置予以披露。 of the location of the branches responsible for reporting the results or booking the assets and liabilities.
2016
經營收入╱
（支出）或有負債及承擔稅前溢利 總資產 總負債 Operating Contingent Profit Total Total income/ liabilities and before taxation assets liabilities (expenses) commitments港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000香港 Hong Kong 2,766,150 286,012,805 254,868,685 5,728,199 85,365,815中國內地 Mainland China (66,184) 12,704,912 11,103,444 212,615 2,106,058美國 United States 219,745 9,862,043 9,641,057 257,558 1,701,100新加坡 Singapore 86,651 17,215,939 17,114,713 141,716 29,873,335其他 Others 46,873 2,662,933 2,612,354 73,096 2,861,463分部間項目 Inter-segment items 4 (22,041,677) (20,877,314) (358) – 3,053,239 306,416,955 274,462,939 6,412,826 121,907,771 2015
經營收入╱
（支出）或有負債及承擔稅前溢利 總資產 總負債 Operating Contingent Profit Total Total income/ liabilities and before taxation assets liabilities (expenses) commitments港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000香港 Hong Kong 2,080,855 253,413,493 230,208,316 4,927,034 71,903,142中國內地 Mainland China 99,502 12,502,237 10,705,457 299,632 2,297,992美國 United States 122,093 5,877,070 5,774,995 147,153 1,360,777新加坡 Singapore 254,147 23,224,884 22,948,195 396,017 22,944,961其他 Others 44,845 1,939,101 1,895,252 61,687 2,309,279分部間項目 Inter-segment items 4 (14,421,817) (13,051,452) (510) – 2,601,446 282,534,968 258,480,763 5,831,013 100,816,151
102中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
16現金及在銀行、中央銀行及其他金融 16 Cash and balances with banks, central banks and other機構的結存 financial institutions
2016 2015港幣千元 港幣千元HK$’000 HK$’000現金 Cash in hand 343,773 228,554在中央銀行的結存 Balances with central banks 2,169,326 1,263,157在銀行的結存 Balances with banks 13,024,014 7,881,427在其他金融機構的結存 Balances with other financial institutions 12,003,320 10,949,596 27,540,433 20,322,734截至2016年12月31日包括在中央銀行受到外 Included in the balances with central banks that are subject匯管制和監管限制的餘額是港幣1,081,770,000 to exchange control and regulatory restrictions, amounting to元（2015年：港幣825,506,000元）。 HK$1,081,770,000 at 31 December 2016 (2015:HK$825,506,000). 17在銀行、中央銀行及其他金融機構的 17 Placements with and advances to banks, central banks存款及墊款 and other financial institutions
2016 2015港幣千元 港幣千元HK$’000 HK$’000在銀行的存款 Placements with banks 22,275,290 27,348,928在銀行的墊款 Advances to banks 614,423 3,041,712 22,889,713 30,390,640到期日： Maturing:
－1個月內 – within 1 month 6,663,169 13,676,427－1個月至1年內 – between 1 month and 1 year 16,226,544 16,694,838－1年後 – after 1 year – 19,375 22,889,713 30,390,640截至2016年及2015年12月31日，本集團在銀 There were no impaired advances to banks and other financial行及其他金融機構的墊款中並無減值墊款， institutions at 31 December 2016 and 2015, nor were there any亦無就該等墊款提撥作個別減值準備。 individually assessed impairment allowances made for them on these two dates.
二零一六年報 103
Annual Report 2016
財務報表附註 Notes to the Financial Statements
18交易用途資產 18 Trading assets
2016 2015港幣千元 港幣千元HK$’000 HK$’000債務證券 Debt securities 1,321,751 212,827投資基金 Investment funds 1,078 1,489交易用途證券 Trading securities 1,322,829 214,316衍生工具的正公允價值（附註37(b)） Positive fair values of derivatives (note 37(b)) 4,258,891 4,063,223 5,581,720 4,277,539以上項目的發行機構如下︰ Issued by:
政府機關 Sovereigns 500 46,669銀行及其他金融機構 Banks and other financial institutions 1,153,365 84,969企業 Corporate entities 168,964 82,678 1,322,829 214,316按上市地點分析︰ Analysed by place of listing:
於香港上市 Listed in Hong Kong 693,889 57,788於香港以外地區上市 Listed outside Hong Kong 74,656 32,896非上市 Unlisted 554,284 123,632 1,322,829 214,316
104中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
19客戶貸款及墊款及其他賬項 19 Loans and advances to customers and other accounts (a)客戶貸款及墊款及其他賬項減減值準備 (a) Loans and advances to customers and other accounts less impairment allowances
2016 2015港幣千元 港幣千元HK$’000 HK$’000客戶貸款及墊款總額 Gross loans and advances to customers 183,764,241 169,869,738減值準備（附註19(b)） Impairment allowances (note 19(b))
－個別評估 – Individually assessed (627,498) (296,732)－綜合評估 – Collectively assessed (322,864) (399,376) 182,813,879 169,173,630應計利息及其他賬項 Accrued interest and other accounts 8,620,610 4,506,138減值準備（附註19(b)） Impairment allowances (note 19(b))
－個別評估（附註） – Individually assessed (Note) (147,951) (199,843) 8,472,659 4,306,295 191,286,538 173,479,925客戶貸款及墊款其中包括： Included in loans and advances to customers are:
貿易票據 Trade bills 2,191,085 5,205,237減值準備（附註19(b)） Impairment allowances (note 19(b))
－個別評估 – Individually assessed – (139)－綜合評估 – Collectively assessed (1,762) (690) 2,189,323 5,204,408附註： Note:
於2016年針對某些衍生產品在到期或平倉交易結 In 2016, an impairment provision ofHK$147,182,000 (2015:HK$199,075,000)算失敗而提撥港幣147,182,000元（2015年：港幣 was included in the individual impairment provisions of the other accounts,199,075,000元）的減值準備已被列入其他帳項的 this was provided for the failure in settlement of expired or unwinding個別減值準備內。 transactions of certain derivative products.
二零一六年報 105
Annual Report 2016
財務報表附註 Notes to the Financial Statements
19客戶貸款及墊款及其他賬項（續） 19 Loans and advances to customers and other accounts (continued)
(b)客戶貸款及墊款及其他賬項減值準備的變動 (b) Movement in impairment allowances on loans and advances to customers and other accounts
2016 2015
個別評估 綜合評估 個別評估 綜合評估 Individually Collectively 總額 Individually Collectively 總額 assessed assessed Total assessed assessed Total港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000於1月1日 At 1 January 496,575 399,376 895,951 164,648 373,664 538,312在收益表列支的減值虧損 Impairment losses charged to
（附註12） the income statement (note 12) 735,692 – 735,692 747,697 56,307 804,004在收益表回撥的減值虧損 Impairment losses released to
（附註12） the income statement (note 12) (132,523) (50,210) (182,733) (129,953) (6,374) (136,327)沖銷數額 Amounts written off (334,175) (30,876) (365,051) (297,176) (30,595) (327,771)收回以往年度已沖銷的 Recoveries of loans and advances
貸款及墊款 written off in previous years 38,284 4,574 42,858 23,934 6,374 30,308貸款減值虧損折現回撥 Unwinding of discount on loan
（附註4） impairment losses (note 4) (28,404) – (28,404) (12,575) – (12,575)於12月31日 At 31 December 775,449 322,864 1,098,313 496,575 399,376 895,951扣除自（附註19(a)）： Deducted from (note 19(a)):
客戶貸款及墊款 Loans and advances to customers 627,498 321,102 948,600 296,593 398,686 695,279其他賬項 Other accounts 147,951 – 147,951 199,843 – 199,843貿易票據 Trade bills – 1,762 1,762 139 690 829 775,449 322,864 1,098,313 496,575 399,376 895,951
106中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
19客戶貸款及墊款及其他賬項（續） 19 Loans and advances to customers and other accounts (continued)
(c)按行業分析的客戶貸款及墊款 (c) Loans and advances to customers analysed by industry sectors以下按經濟行業進行的分析是根據香港金融 The following economic sector analysis is based on categories and管理局（「金管局」）所採用的分類及定義作 definitions used by the Hong Kong Monetary Authority (“HKMA”).出。
2016 2015客戶貸款及 減值客戶 客戶貸款及 減值客戶墊款總額 貸款及墊款 墊款總額 貸款及墊款 Gross loans Impaired loans Gross loans Impaired loans and advances and advances and advances and advances to customers to customers to customers to customers港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000工商金融 Industrial, commercial and financial
－物業發展 – Property development 13,578,793 – 13,160,361 –－物業投資 – Property investment 25,060,936 26,095 19,535,863 30,297－金融企業 – Financial concerns 9,171,320 – 6,742,829 –－股票經紀 – Stockbrokers 3,131,047 – 3,511,763 –－批發及零售業 – Wholesale and retail trade 17,002,524 110,678 17,915,876 162,104－製造業 – Manufacturing 10,063,497 3,769 7,493,445 10,472－運輸及運輸設備 – Transport and transport equipment 2,946,243 – 3,492,239 2,325－娛樂活動 – Recreational activities 1,205,638 – 954,102 –－資訊科技 – Information technology 3,451,364 – 14,755 –－其他 – Others 9,831,651 249,577 7,987,067 249,305個人 Individuals
－購買「居者有其屋計 – Loans for the purchase of flats under
劃」、「私人發展 the Home Ownership Scheme,
商參建居屋計劃」及 Private Sector Participation
「租者置其屋計劃」 Scheme and Tenants Purchase
的樓宇貸款 Scheme 11,464 – 8,760 –－購買其他住宅物業的– Loans for the purchase of
貸款 other residential properties 13,407,510 23,517 12,404,811 4,788－信用卡墊款 – Credit card advances 445,821 550 426,795 439－其他 – Others 8,304,307 21,245 7,850,685 16,204在香港使用的貸款及 Gross loans and advances for
墊款總額 use in Hong Kong 117,612,115 435,431 101,499,351 475,934貿易融資 Trade finance 10,644,560 683,469 11,061,512 605,279在香港以外使用的 Gross loans and advances for
貸款及墊款總額 use outside Hong Kong 55,507,566 647,766 57,308,875 425,472客戶貸款及墊款總額 Gross loans and advances to customers 183,764,241 1,766,666 169,869,738 1,506,685
二零一六年報 107
Annual Report 2016
財務報表附註 Notes to the Financial Statements
19客戶貸款及墊款及其他賬項（續） 19 Loans and advances to customers and other accounts (continued)
(d)減值客戶貸款及墊款 (d) Impaired loans and advances to customers
2016 2015港幣千元 港幣千元HK$’000 HK$’000減值客戶貸款及墊款總額 Gross impaired loans and advances to customers 1,766,666 1,506,685減值準備－個別評估 Impairment allowances– Individually assessed (627,498) (296,732) 1,139,168 1,209,953減值貸款及墊款總額佔客戶 Gross impaired loans and advances as a%
貸款及墊款總額的百分率 of total loans and advances to customers 0.96% 0.89%減值貸款及墊款是主要根據個別具有減值的 Impaired loans and advances are individually assessed loans which客觀證據，以作個別減值評估的貸款。 exhibit objective evidence of impairment on an individual basis.經個別評估的減值準備已計算本集團就這些 Individually assessed impairment allowances were made after taking貸款及墊款所持抵押品的可變現價值為港 into account the realisable value of collateral in respect of such loans幣578,847,000元（2015年：港幣433,215,000 and advances ofHK$578,847,000 (2015:HK$433,215,000) of the Group.元）。這些抵押品主要由住宅或商業物業按 This collateral mainly comprised mortgage interest over residential or揭權益和在本集團的現金存款組成。 commercial properties and cash with the Group.
108中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
19客戶貸款及墊款及其他賬項（續） 19 Loans and advances to customers and other accounts (continued)
(e)融資租賃及分期付款合約的投資淨額 (e) Net investment in finance leases and hire purchase contracts客戶貸款及墊款包括按融資租賃及具備融資 Loans and advances to customers include net investment in motor租賃特徵的分期付款合約租借給客戶的汽車 vehicles, and equipment leased to customers under finance leases及設備的投資淨額。這些合約的最初租賃期 and hire purchase contracts which have the characteristics of finance一般為期5至20年，其後可選擇按賬面值購 leases. These contracts usually run for an initial period of 20 years or入這些租借資產。按融資租賃及分期付款合 above, with an option of acquiring the leased asset at nominal value.約應收的最低租賃付款總額及其現值如下： The total minimum lease payments receivable under finance leases and hire purchase contracts and their present values at the year end are as follows:
2016 2015最低租賃 最低租賃
付款現值 最低租賃 付款現值 最低租賃 Present value 付款總額 Present value 付款總額 of the Total of the Total minimum minimum minimum minimum lease lease lease lease payments payments payments payments港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’0001年內 Within 1 year 43,152 50,112 79,414 90,3541年至5年 After 1 year but within 5 years 78,201 97,568 119,257 141,4825年後 After 5 years 210,608 237,374 272,067 302,897 331,961 385,054 470,738 534,733減值準備： Impairment allowances:
－個別評估 – Individually assessed (2,592) (3,172)
－綜合評估 – Collectively assessed (423) (5,358)
融資租賃及分期付款 Net investment in finance leases
合約的投資淨額 and hire purchase contracts 328,946 462,208
二零一六年報 109
Annual Report 2016
財務報表附註 Notes to the Financial Statements
20可供出售證券 20 Available-for-sale securities
2016 2015港幣千元 港幣千元HK$’000 HK$’000持有的存款證 Certificates of deposit held 15,922,277 12,375,180債務證券 Debt securities 29,074,574 22,261,330國庫券（包括外匯基金票據） Treasury bills (including Exchange Fund Bills) 13,111,688 18,420,015權益證券 Equity securities 95,732 94,962 58,204,271 53,151,487以上項目的發行機構如下︰ Issued by:
政府機關 Sovereigns 14,664,781 19,381,998銀行及其他金融機構 Banks and other financial institutions 33,673,029 26,391,962企業 Corporate entities 7,812,716 7,377,527公營機構 Public entities 2,053,745 – 58,204,271 53,151,487按上市地點分析︰ Analysed by place of listing:
於香港上市 Listed in Hong Kong 7,174,894 5,209,473於香港以外地區上市 Listed outside Hong Kong 7,190,902 5,215,093非上市 Unlisted 43,838,475 42,726,921 58,204,271 53,151,487個別減值債務證券的公允價值 Fair value of individually impaired debt securities 27,631 91,364
110中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
21附屬公司 21 Subsidiaries
於2016年12月31日，下文列出對本集團的業 The following list contains the particulars of the principal subsidiaries績、資產或負債有重大影響的主要附屬公司 at 31 December 2016 which materially affect the results, assets or詳情。除非另有註明，否則所持股份類別均 liabilities of the Group. The class of shares held is ordinary unless為普通股。 otherwise stated.
註冊成立╱經營地區 法律實體種類 已發行及繳足股本 持有股份百分率公司名稱 Place of incorporation/ Kind of legal 主要業務 Particulars of issued Proportion of shares Name of company operation entity Principal activities share capital held by the Bank啓福國際有限公司 香港 有限責任公司 物業持有 港幣2元 100% Carford International Limited Hong Kong Limited Liability Property holding HK$2
Company
中信銀行國際（中國）有限公司 中華人民共和國（「中國」）有限責任公司 銀行 人民幣1,000,000,000元100%（「中信銀行國際（中國）」）
CITIC Bank International (China) People’s Republic of China Limited Liability Banking RMB1,000,000,000
Limited (“CBI (China)”) (“mainland China”) Company
中信保險服務有限公司 香港 有限責任公司 保險經紀 港幣5,000,000元 100% CITIC Insurance Brokers Limited Hong Kong Limited Liability Insurance broker HK$5,000,000
Company
CKWB-SN Limited 開曼群島╱香港 有限責任公司 發行結構票據和投資美金1元 100% Cayman Islands/Hong Kong Limited Liability Issue of structured notesUS$1
Company and investments
CKWH-UT2 Limited 開曼群島╱香港 有限責任公司 發行後償票據 美金1元 100% Cayman Islands/Hong Kong Limited Liability Issue of US$1
Company subordinated notes
香港華人財務有限公司 香港 有限責任公司 消費借貸 港幣200,000,000元 100% HKCB Finance Limited Hong Kong Limited Liability Consumer financing HK$200,000,000
Company
香港華人銀行（代理人）有限公司香港 有限責任公司 代理人服務 港幣5,000元 100% The Hongkong Chinese Bank Hong Kong Limited Liability Nominee services HK$5,000
(Nominees) Limited Company
嘉華銀行（信託）有限公司 香港 有限責任公司 信託服務 港幣3,000,000元 100% The Ka Wah Bank (Trustee) Limited Hong Kong Limited Liability Trustee services HK$3,000,000
Company
恒康香港有限公司 香港 有限責任公司 按揭融資 港幣2元 100% Viewcon Hong Kong Limited Hong Kong Limited Liability Mortgage financing HK$2
Company
二零一六年報 111
Annual Report 2016
財務報表附註 Notes to the Financial Statements
22物業及設備 22 Property and equipment
傢俬、固定
裝置及設備
投資物業 其他物業 Furniture, 電腦設備
Investment Other fixtures and Computer 總額 properties premises equipment equipment Total港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000成本或估值： C ost or valuation:
於2016年1月1日 At 1 January 2016 185,944 632,009 910,161 403,345 2,131,459增加 Additions – – 69,379 124,533 193,912重新分類 Reclassification (57,000) 57,000 – – –出售 Disposals – – (13,129) (10) (13,139)重估盈餘 Surplus on revaluation 9,546 – – – 9,546匯兌調整 Exchange adjustments – – (5,196) – (5,196)於2016年12月31日 A t 31 December 2016 138,490 689,009 961,215 527,868 2,316,582上述資產的成本或 The analysis of cost or
估值分析如下： valuation of the above
assets is as follows:
成本 Cost – 671,412 961,215 527,868 2,160,495估值 Valuation
－1985年 – 1985 – 17,597 – – 17,597－2016年 – 2016 138,490 – – – 138,490 138,490 689,009 961,215 527,868 2,316,582於2015年1月1日 A t 1 January 2015 182,898 632,009 867,523 357,260 2,039,690增加 Additions – – 72,108 46,378 118,486出售 Disposals – – (22,497) (293) (22,790)重估盈餘 Surplus on revaluation 3,046 – – – 3,046匯兌調整 Exchange adjustments – – (6,973) – (6,973)於2015年12月31日 A t 31 December 2015 185,944 632,009 910,161 403,345 2,131,459上述資產的成本或 The analysis of cost or
估值分析如下： valuation of the above
assets is as follows:
成本 Cost – 614,412 910,161 403,345 1,927,918估值 Valuation
－1985年 – 1985 – 17,597 – – 17,597－2015年 – 2015 185,944 – – – 185,944 185,944 632,009 910,161 403,345 2,131,459累計折舊： A ccumulated depreciation:
於2016年1月1日 At 1 January 2016 – 305,709 690,762 291,771 1,288,242本年度折舊（附註10(b)） Charge for the year (note 10(b)) – 13,821 85,534 50,865 150,220因出售而回撥 Written back on disposals – – (13,043) (10) (13,053)匯兌調整 Exchange adjustments – – (4,703) – (4,703)於2016年12月31日 A t 31 December 2016 – 319,530 758,550 342,626 1,420,706於2015年1月1日 A t 1 January 2015 – 292,090 640,652 248,015 1,180,757本年度折舊（附註10(b)） Charge for the year (note 10(b)) – 13,619 77,467 44,049 135,135因出售而回撥 Written back on disposals – – (21,704) (293) (21,997)匯兌調整 Exchange adjustments – – (5,653) – (5,653)於2015年12月31日 A t 31 December 2015 – 305,709 690,762 291,771 1,288,242賬面淨值： N et book value:
於2016年12月31日 At 31 December 2016 138,490 369,479 202,665 185,242 895,876於2015年12月31日 At 31 December 2015 185,944 326,300 219,399 111,574 843,217
112中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
22物業及設備（續） 22 Property and equipment (continued)
(a)投資物業公允價值計量 (a) Fair value measurement of investment properties
(i)公允價值層級 (i) Fair value hierarchy
下表顯示於結算日，本集團按經常性 The following table presents the fair value of theGroup’s基準以公允價值計量的投資物業，根 investment properties measured at the end of the reporting據《香港財務報告準則》第13號「公 period on a recurring basis, categorised into the three-允價值計量」分類為三級公允價值層 level fair value hierarchy as defined in HKFRS 13,‘Fair value級。公允價值計量的層級分類是根據 measurement’. The level into which a fair value measurement用於估值模式的輸入數據的可觀察性 classified is determined with reference to the observability and和重要性來決定： significance of the input used in the valuation technique as follows:
第1級－參考同一資產於計量日在活 Level 1– Quoted (unadjusted) market price in active markets躍市場取得的市場報價（未經 for identical assets at the measurement date.調整）。
第2級－根據可觀察的輸入數據之估 Level 2– Valuation techniques based on observable inputs,值模式（未能符合第1級），及 which fail to meet Level 1, and not using significant不採用主要而非可觀察的數 unobservable inputs. Unobservable inputs are inputs據。若沒有市場數據提供，便 for which market data are not available.
利用非可觀察的數據。
第3級－公允價值以主要而非可觀察 Level 3– Fair value measured using significant unobservable的數據來計量。 inputs.
第3級
Level 3
2016 2015港幣千元 港幣千元HK$’000 HK$’000經常性公允價值以主要而 Recurring fair value measurement using
非可觀察計量 significant unobservable input
投資物業 Investment properties
－香港 – Held in Hong Kong 99,601 147,001－香港以外地區 – Held outside Hong Kong 38,889 38,943 138,490 185,944
二零一六年報 113
Annual Report 2016
財務報表附註 Notes to the Financial Statements
22物業及設備（續） 22 Property and equipment (continued)
(a)投資物業公允價值計量（續） (a) Fair value measurement of investment properties (continued) (i)公允價值層級（續） (i) Fair value hierarchy (continued)
截至2016年和2015年12月31日，在第1 During the years ended 31 December 2016 and 2015, there級和第2級之間並無轉移及沒有從第3 were no transfers between Level 1 and Level 2, or transfer into級轉入或轉出。本集團政策是要於報 or out of Level 3. TheGroup’s policy is to recognise transfers告期末確認公允價值層級間轉移的發 between levels of fair value hierarchy as at the end of the生。 reporting period in which they occur.
於2016年12月31日，參照獨立測量師 All investment properties of the Group were revalued and行重估本集團的投資物業重估報告。 assessed by the management of the Group at 31 December物業估值是以公開市場價值為基準及 2016 with reference to the property valuation report conducted符合《香港財務報告準則》第13號「公 by an independent firm of surveyors. The basis of the property允價值計量」對公允價值的定義。有 valuation was market value, which is consistent with the關本集團的重估盈餘為港幣9,546,000 definition of fair value under HKFRS 13,‘Fair valuemeasurement’.元（2015年：盈餘港幣3,046,000元）並 The revaluation surplus ofHK$9,546,000 (2015:HK$3,046,000)已分別計入本集團的收益表中。 was recognised by the Group and has been credited to the income statement.
(ii)公允價值層級第3層級的公允價值計量 (ii) Reconciliation of fair value measurements in Level 3 of the fair value hierarchy
第3層級的公允價值計量餘額於年度內 The movements during the year in the balance of these Level 3的變動如下： fair value measurements are as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’000於1月1日 At 1 January 185,944 182,898重新分類至其他物業 Reclassification to other property and
及設備 equipment (57,000) –公允價值調整 Fair value adjustment 9,546 3,046於12月31日 At 31 December 138,490 185,944 (iii)第3層級的公允價值計量資料 (iii) Information about Level 3 fair value measurements
估值模式
非可觀察的數據
範圍 Valuation technique Unobservable input Range投資物業
市場比較法 物業質量的溢價（折讓）
-15%至15% Investment properties
Market comparison approach Premium (discount) on quality of properties
-15% to15%在香港或香港以外地區的投資物業的 The fair value of investment properties located in or outside公允價值是採用市場比較法釐定，以 Hong Kong is determined by using the market comparison參考最近相關物業的每平方呎銷售價 approach by reference to the recent sales price of comparable格為基準，比較近期的銷售價格，從 properties on a price per-square-foot basis, adjusted for a而調整本集團物業質量的溢價或折 premium or a discount specific to the quality of theGroup’s or讓。投資性房地產的賬面價值將按每 theBank’s properties compared to the recent sales. The carrying平方呎價格同比例的增加而增加，反 amount of the investment properties would be increased by
之亦然。 the same percentage increase in the price per-square-foot and
vice versa.
114中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
22物業及設備（續） 22 Property and equipment (continued)
(b)投資物業及其他物業的賬面淨值分析如下： (b) The analysis of net book value of investment properties and other premises is as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’000租賃 Leasehold
香港 Held in Hong Kong
－長期租賃（超過50年未屆滿） – Long-term leases (over 50 years unexpired) 79,116 80,885－中期租賃（10年至50年未屆滿） – Medium-term leases (10 to 50 years unexpired) 389,964 392,415香港以外地區 Held outside Hong Kong
－中期租賃（10年至50年未屆滿） – Medium-term leases (10 to 50 years unexpired) 38,889 38,943 507,969 512,243投資物業產生的租金收入總額為港幣 The gross rental income arising from investment properties is7,143,000元（2015年：港幣7,523,000元）。 HK$7,143,000 (2015:HK$7,523,000).
於2016年及2015年沒有投資物業出售虧損。 During the year ended 31 December 2016 and 2015, no loss on disposal of investment properties.
本集團若干其他物業曾於過往年度進行重 Some of the other premises of the Group were revalued in previous估。如果這些物業是以成本減累計折舊入 years. The net book value of such other premises of the Group at 31賬，本集團於2016年12月31日的其他物業賬 December 2016 would have beenHK$4,916,000 (2015:HK$4,981,000)面淨值應為港幣4,916,000元（2015年：港幣 had they been carried at cost less accumulated depreciation.4,981,000元）。
(c)通過經營租賃租出的物業及設備 (c) Property and equipment leased out under operating leases本集團通過經營租賃的方式租出投資物業。 The Group leases out investment properties under operating leases.有關物業的最初租賃期一般為2至3年，其後 The leases typically run for an initial period of two to three years, with可重新商定後續期及所有條款。 an option to renew the leases after that date, at which time all terms are renegotiated.
本集團按不可解除的投資及分租物業的經營 TheGroup’s total future minimum lease payments under non-租賃應收的未來最低租金總額如下： cancellable operating leases for investment and subletting properties are receivable as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’0001年內 Within 1 year 5,532 3,5721年至5年 After 1 year but within 5 years 7,556 – 13,088 3,572
二零一六年報 115
Annual Report 2016
財務報表附註 Notes to the Financial Statements
23銀行及其他金融機構的存款及結存 23 Deposits and balances of banks and other financial institutions
2016 2015港幣千元 港幣千元HK$’000 HK$’000銀行的存款及結存 Deposits and balances from banks 5,256,660 2,658,301 24客戶存款 24 Deposits from customers
2016 2015港幣千元 港幣千元HK$’000 HK$’000活期及往來賬戶存款 Demand deposits and current deposits 22,124,842 20,094,257儲蓄存款 Savings deposits 46,115,748 36,751,099定期、即期及短期通知存款 Time, call and notice deposits 167,334,110 163,838,353 235,574,700 220,683,709 25交易用途負債 25 Trading liabilities
2016 2015港幣千元 港幣千元HK$’000 HK$’000衍生工具的負公允價值（附註37(b)）Negative fair value of derivatives (note 37(b)) 3,996,444 3,555,614 26已發行存款證
26 Certificates of deposit issued
2016 2015港幣千元 港幣千元HK$’000 HK$’000非交易用途 Non-trading 10,593,445 10,388,272 27財務狀況表所示的所得稅
27 Income tax in the statement of financial position (a)財務狀況表所示的本期稅項為：
(a) Current taxation in the statement of financial position represents:
2016 2015港幣千元 港幣千元HK$’000 HK$’000本年度香港利得稅準備 Provision for Hong Kong Profits Tax for
（附註13(a)） the year (note 13(a)) 437,512 344,233已付暫繳利得稅 Provisional Profits Tax paid (261,490) (375,622) 176,022 (31,389)海外稅項準備 Provision for overseas taxation 19,196 60,185 195,218 28,796其中： Of which:
可收回稅項 Tax recoverable (187) (33,114)本期稅項 Current taxation 195,405 61,910
195,218 28,796
116中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
27財務狀況表所示的所得稅（續） 27 Income tax in the statement of financial position (continued)
(b)已確認的遞延稅項資產及負債 (b) Deferred tax assets and liabilities recognised
已於財務狀況表確認的遞延稅項（資產）╱ The components of deferred tax (assets)/liabilities recognised in the負債的組合及本年度內的變動如下： statement of financial position and the movements during the year are as follows:
折舊免稅額
超過有關 可供出售證券
折舊 貸款及墊款 重估調整
Depreciation 減值準備 物業重估 Revaluation
allowances in Impairment 調整 adjustments
excess of allowances Revaluation for available
related for loans adjustments -for-sale 其他 總額 depreciation and advances for properties securities Others Total港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元遞延稅項源自： Deferred tax arising from: HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000於2016年1月1日 At 1 January 2016 34,501 (61,915) 1,614 (35) (8,760) (34,595)綜合收益表內撇銷╱ Charged/(credited) to income
（回撥）（附註13(a)） statement (note 13(a)) 10,455 10,593 (89) – 9,587 30,546儲備內回撥 Charged to reserves – – – (12,780) 211 (12,569)匯兌及其他調整 Exchange and other adjustments 61 (246) – – 106 (79)於2016年12月31日 At 31 December 2016 45,017 (51,568) 1,525 (12,815) 1,144 (16,697)於2015年1月1日 At 1 January 2015 34,263 (63,045) 1,621 18,271 (18,898) (27,788)綜合收益表內撇銷╱ Charged/(credited) to income
（回撥）（附註13(a)） statement (note 13(a)) 260 1,118 (7) – 9,809 11,180儲備內回撥 Credited to reserves – – – (18,306) – (18,306)匯兌及其他調整 Exchange and other adjustments (22) 12 – – 329 319於2015年12月31日 At 31 December 2015 34,501 (61,915) 1,614 (35) (8,760) (34,595) 2016 2015港幣千元 港幣千元HK$’000 HK$’000在財務狀況表確認的 Net deferred tax assets recognised on
淨遞延稅項資產 the statement of financial position (18,217) (36,312)在財務狀況表確認的 Net deferred tax liabilities recognised on
淨遞延稅項負債 the statement of financial position 1,520 1,717 (16,697) (34,595) (c)未確認的遞延稅項資產 (c) Deferred tax assets not recognised
由於未來可能沒有適用於有關稅務機關的
The Group has not recognised deferred tax assets in respect of應課稅溢利以彌補有關虧損，本集團並未
cumulative tax losses ofHK$641,000 (2015:HK$2,624,000), as it is not確認累計稅項虧損的遞延稅項資產為港幣
probable that future taxable profits against which the losses can be641,000元（2015年：港幣2,624,000元）。根據
utilised will be available in the relevant tax jurisdiction and entity. The現時稅務條列，這些稅項虧損沒有到期日。
tax losses do not expire under current tax legislation.
二零一六年報 117
Annual Report 2016
財務報表附註 Notes to the Financial Statements
28債務資本 28 Loan capital
2016 2015港幣千元 港幣千元HK$’000 HK$’000年息率為6.875%，面值 Subordinated notes with
500,000,000美元的後償票據* US$500 million of6.875%* 4,063,457 4,132,209年息率為3.875%，面值 Subordinated notes with
300,000,000美元的後償票據** US$300 million of3.875%** 2,318,117 2,306,392年息率為6.000%，面值 Subordinated notes with
300,000,000美元的後償票據*** US$300 million of6.000%*** 2,324,263 2,327,616 8,705,837 8,766,217* 2010年6月24日，本行根據於2007年12月推
* Under aUS$2 billion Medium Term Note Programme (“the Programme”)出2,000,000,000美元的中期票據計劃（「中
issued in December 2007 and the new Offering Circular issued in June期票據計劃」）及於2010年6月發出的發售
2010, the Bank issued subordinated notes on 24 June 2010 with a face通函，發行面值500,000,000美元（等值港幣
value ofUS$500 million (equivalent toHK$3,888.9 million). The notes3,888,900,000元），發行年息率為6.875%的
bear an interest rate of6.875% per annum, payable semi-annually. The notes are listed on the Singapore Exchange Securities Trading Limited後償票據。這些票據在新加坡交易所有限
公司上市，並將於2020年6月24日到期。
and mature on 24 June 2020.
** 2012年9月27日，本行根據以上的中期
** Under the Programme and the new Offering Circular issued in August票據計劃及於2012年8月發出的發售通
2012, the Bank issued subordinated notes on 27 September 2012 with函，發行面值300,000,000美元（等值港幣
a face value ofUS$300 million (equivalent toHK$2,326.1 million). The2,326,100,000元）的後償票據，發行固定年
notes bear interest at a fixed rate of3.875% per annum, payable semi-息率為3.875%，每半年派息至2017年9月28
annually until 28 September 2017, and thereafter fixed at an interest rate of the prevailing five-year US Treasury bonds yield plus3.250% per日止，若於本行其後沒有提早贖回票據，
則其固定年息率為當時美國5年國庫債券孳
annum if the notes are not redeemed on or before the call date at the息率加3.250%年利率。這些票據在新加坡
option of the Bank. The notes are listed on the Singapore Exchange交易所有限公司上市，並將於2022年9月28
Securities Trading Limited and mature on 28 September 2022.日到期。
***2013年11月7日，本行根據以上的中期
*** Under the Programme and the new Offering Circular issued in October票據計劃及於2013年10月發出的發售通
2013, the Bank issued subordinated notes on 7 November 2013 with函，發行面值300,000,000美元（等值港幣
a face value ofUS$300 million (equivalent toHK$2,325.8 million) and2,325,800,000元）的後償票據，該後償票據
which qualified as Basel III-compliant Tier-2 capital. The notes bear interest at a fixed rate of6.000% per annum, payable semi-annually until符合《巴塞爾協定三》的二級資本要求。後
償票據的票面年利率定於6.000%，每半年
7 May 2019, and thereafter fixed at the interest rate of the prevailing派息至2019年5月7日止，若屆時未有行使
five-year US Treasury bonds yield plus4.718% per annum if the notes贖回權，票據的票面利率將根據當時5年期
are not redeemed on the call date. The notes are listed on the Hong美國國庫債券孳息率加4.718%年利率重新
Kong Stock Exchange and mature on 7 May 2024.
釐訂。這些票據在香港交易及結算所有限
公司上市，並將於2024年5月7日到期。
118中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
29資本及儲備 29 Capital and reserves
(a)股本 (a) Share capital
(i)已發行及繳足普通股： (i) Ordinary shares, issued and fully paid:
2016 2015股本 股本股本數目 Share capital 股本數目 Share capital Number 港幣千元 Number 港幣千元 of shares HK$’000 of shares HK$’000於1月1日 At 1 January 7,283,341,176 7,566,271 7,283,341,176 7,566,271年內發行的股份 Shares issued during the year
（附註(a)(ii)） (Note (a)(ii)) 1,800,000,000 1,800,000 – –於12月31日 At 31 December 9,083,341,176 9,366,271 7,283,341,176 7,566,271 (ii)年內發行的股份 (ii) Shares issued during the year
本行於2016年1月26日，以每股港幣 The Bank issued a total of 1,800,000,000 ordinary shares at1元向控股公司中信國際金融控股有 HK$1.00 each to its holding company, CITIC International限公司發行共1,800,000,000股普通股 Financial Holdings Limited on 26 January 2016 (2015: Nil).（2015年︰無）。
(b)股息 (b) Dividend
本行截至2016年12月31日止年度內沒有宣派 No dividend was declared and paid during the year ended 31股息（2015年︰無）。 December 2016 (2015: Nil).
(c)儲備性質及目的 (c) Nature and purpose of components of reserves
(i)資本儲備 (i) Capital reserve
資本儲備乃不可分派予股東。 The capital reserve is not available for distribution to shareholders.
(ii)一般儲備 (ii) General reserve
一般儲備是從保留溢利轉出一部份來 The general reserve was set up from the transfer of retained設立，並且可分派予股東。 earnings, and is available for distribution to shareholders. (iii)匯兌差額儲備 (iii) Exchange differences reserve
匯兌差額儲備包括所有因換算海外業 The exchange differences reserve comprises all foreign務的財務報表而產生的匯兌差額，並 exchange differences arising from the translation of the financial根據附註2(p)所載的會計政策處理。 statement of foreign operations. The reserve is dealt with in accordance with the accounting policies set out in note 2(p). (iv)物業重估儲備 (iv) Property revaluation reserve
物業重估儲備是根據附註2(i)所載的會 The property revaluation reserve is dealt with in accordance計政策處理，並且不可分派予股東， with the accounting polices set out in note 2(i) and is not因為根據新的香港《公司條例》（第622 available for distribution to shareholders because it does not章）第6部的定義，這些儲備不屬於已 constitute realised profits within the meaning of Part 6 of the實現溢利。 new Hong Kong Companies Ordinance (Cap. 622). (v)現金流量對沖儲備 (v) Cash flow hedging reserve
現金流量對沖儲備包括與對沖交易相 The cash flow hedging reserve comprises the effective portion
關的現金流量對沖工具的累計公允價 of the cumulative net change in the fair value of cash flow
值淨變動的有效部份。 hedging instruments related to hedged transactions.
二零一六年報 119
Annual Report 2016
財務報表附註 Notes to the Financial Statements
29資本及儲備（續） 29 Capital and reserves (continued)
(c)儲備性質及目的（續） (c) Nature and purpose of components of reserves (continued) (vi)投資重估儲備 (vi) Investment revaluation reserve
投資重估儲備包括於結算日持有的可 The investment revaluation reserve comprises the cumulative供出售證券的累計淨公允價值變動， net change in the fair value of available-for-sale securities並根據附註2(e)(ii)所載的會計政策處 held at the end of the reporting period and is dealt with in理。 accordance with the accounting policies in note 2(e)(ii). (vii)法定盈餘公積 (vii) Statutory reserve
根據中國相關法例規定，中信銀行國 Under the relevant legislation of mainland China, CBI (China)際（中國）需要從其每年的稅後溢利中 is required to transfer10% of its profit after taxation to a non-轉撥10%作為不能分派予股東的法定盈 distributable statutory reserve until such reserve has reached餘公積，直至法定盈餘公積達至法定 50% of its registered share capital.
股本之50%的水平。
(viii)法定一般儲備 (viii) Regulatory general reserve
根據中國銀行法規，中信銀行國際 Pursuant to the banking regulations of mainland China, CBI（中國）需設立法定一般儲備，透過從 (China) is required to set up a regulatory general reserve through當年度的利潤分配，直接轉撥提取一 a direct transfer from the currentyear’s profit appropriation, as般準備以彌補未被認定的潛在損失風 determined based on the1% of the total risk assets at the end險，提取的考慮是基於風險資產在結 of the reporting period to cover its unidentified potential loss算日的總賬面值的1%計算。法定一般 exposures. The regulatory general reserve forms part of the準備是組成本集團權益的其中一部份。 equity of the Group.
(ix)保留溢利 (ix) Retained profits
為符合香港《銀行業條例》有關審慎 A regulatory reserve is maintained to satisfy the provisions of監管的規定，本行需在規管儲備中維 the Hong Kong Banking Ordinance for prudential supervision持超過已經確認減值損失的將會或 purposes by earmarking amounts in respect of impairment可能產生的貸款及墊款的減值損失 losses recognised which the Bank will or may incur on loans金額。經諮詢金管局後，儲備的變 and advances. Movements in the reserve are earmarked directly動已直接在保留溢利內劃定。於2016 through retained profits and in consultation with the HKMA. At年12月31日，保留溢利中包括與此有 31 December 2016,HK$2,805,429,000 (2015:HK$2,571,972,000)關並屬可派發予本行股東的金額為 was included in the retained profits in this respect, which港幣2,805,429,000元（2015年：港幣 was distributable to equity holders of the Bank subject to2,571,972,000元）。但於派發前本行須 consultation with the HKMA.
諮詢金管局。
(d)儲備的可分派性 (d) Distributability of reserve
於2016年12月31日，根據新的香港《公司條 At 31 December 2016, the aggregate amount of reserves available for例》（第622章）的規定作為計算，可供分派 distribution to equity shareholders of the Bank, as calculated under予本行股東的儲備總額為港幣12,534,568,000 the provision of Part 6 of the new Hong Kong Companies Ordinance元（2015年︰港幣10,151,327,000元）。以上 (Cap. 622), wasHK$12,534,568,000 (2015:HK$10,151,327,000).可供分派的儲備港幣12,534,568,000元（2015 The difference between the aggregate distributable reserves of年：港幣10,151,327,000元）與根據附註42(b) HK$12,534,568,000 (2015:HK$10,151,327,000) and theBank’s retained所報告本行的保留溢利港幣15,414,382,000元 profits ofHK$15,414,382,000 (2015:HK$12,788,138,000) as reported in（2015年：港幣12,788,138,000元）之間的差額 note 42(b) mainly represents the inclusion of general reserves and the
主要是包含一般儲備及剔除投資物業的未實 exclusion of unrealised revaluation gains on investment properties
現重估收益及上述的本行監管儲備。 and the above regulatory reserve of the Bank.
120中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
30額外權益工具 30 Additional equity instruments
2016 2015港幣千元 港幣千元HK$’000 HK$’000面值300,000,000美元的永續型 Undated non-cumulative subordinated capital
非累積後償資本證券* securities withUS$300million* 2,310,168 2,310,168面值500,000,000美元的永續型 Undated non-cumulative subordinated capital
非累積後償資本證券** securities withUS$500million** 3,863,084 – 6,173,252 2,310,168* Under aUS$2 billion Medium Term Note Programme (“the* 根據於2007年12月發行的2,000,000,000美
Programme”) issued in December 2007 and the new Offering Circular元的中期票據計劃（「該計劃」）和於2014
issued in April 2014, the Bank issued a Basel III compliant Undated年4月頒佈的新發售通函，本行於2014年
Non-Cumulative Subordinated Additional Tier 1 Capital Securities (the4月22日發行符合《巴塞爾協定三》面值
“AT1 Capital Securities”) on 22 April 2014 with a face value ofUS$300300,000,000美元（等值港幣2,313,470,000
million (equivalent toHK$2,313.47 million). The AT1 Capital Securities元）的永續型非累積後償額外一級資本證
are perpetual and bear a7.250% coupon until the first call date on 22券（「額外一級資本證券」）。此額外一級
April 2019. The coupon will be reset every five years if the AT1 Capital資本證券並無固定到期日及於2019年4月
Securities are not redeemed to a fixed rate equivalent to the then-22日首個提前贖回日期前，票面年利率為
prevailing five-year US Treasury rate plus5.627% per annum.7.250%。若屆時未有行使贖回權，票面年
利率將按當時5年期美國國庫債券息率加年
利率5.627%每五年一次重新釐訂。
According to the terms and conditions, the AT1 Capital Securities根據條款及條件，額外一級資本賦予持有
confer a right to receive non-cumulative distributions (each a人按本金收取非累計分派的權利（受已既
Distribution) on the principal amount (subject to adjustments following定的非可行性情況出現時須作調整），包
the occurrence of a non-viability event as defined) from, and including,括自發行日的適用分派率，及於每年的4
the issue date at the applicable distribution rate, payable semi-annually月22日和10月22日派半年息一次。本行可
in arrear on 22 April and 22 October each year. The Banks may, at its以自行決定，選擇取消分派付款或贖回額
sole discretion, elect to cancel the distribution payment or redeem外一級資本，但需得到金管局的事先書
the AT1 Capital Securities, which are subject to prior written consent面同意。截至2016年12月31日年內的分派
of the HKMA. A distribution payment ofUS$21,750,000 (equivalent to付款的支付為21,750,000美元（相當於港幣
HK$168,735,000) was paid during the year ended 31 December 2016168,735,000元）（2015年：21,750,000美元（相當
(2015:US$21,750,000, equivalent toHK$168,567,000).
於港幣168,567,000元））。
** Under aUS$2 billion Medium Term Note Programme (“the Programme”)** 根據於2007年12月發行的2,000,000,000美
issued in December 2007 and the new and supplemental offering元的中期票據計劃和於2016年8月及9月各
circulars issued in August and September 2016, respectively, the Bank自頒佈的新發售通函和補充通函，本行
priced itsUS$500 million Basel III compliant Undated Non-Cumulative於2016年9月29日為符合《巴塞爾協定三》
Subordinated Additional Tier 1 Capital Securities (“AT1 Capital500,000,000美元的永續型非累積後償額外
Securities”) with the legal binding subscription agreements signed on一級資本證券（「額外一級資本證券」）定
29 September 2016. The AT1 Capital Securities with a face value and價，並簽署具有法律約束力的認購協議。
principal amount ofUS$500 million (equivalent toHK$3,877.86 million)此面值及本金500,000,000美元（等值港幣
are perpetual and listed on the Stock Exchange of Hong Kong Limited,3,877,860,000元）額外一級資本證券於香
and bear a4.25% per annum distribution rate until the first call date港聯合交易所有限公司上市及無固定到期
on 11 October 2021. The distribution rate will be reset every five years日，於2021年10月11日首個提前贖回日期
if the AT1 Capital Securities are not called by the Bank to a fixed rate前的分派息率為年利率4.25%。若屆時未有
equivalent to the then-prevailing five-year US Treasury rate plus3.107%行使贖回權，此分派息率的年利率將按當
per annum.
時5年期美國國庫債券息率加年利率3.107%
每五年一次重新釐訂。
二零一六年報 121
Annual Report 2016
財務報表附註 Notes to the Financial Statements
30額外權益工具（續） 30 Additional equity instruments (continued)
根據條款及條件，額外一級資本賦予持有 According to the terms and conditions, the AT1 Capital Securities人按本金收取非累計分派（每次分派）的權 confer a right to the holders to receive non-cumulative distributions利，包括自發行日的適用分派率，及於每年 on the principal amount from, and including, the issue date at the的4月11日和10月11日派半年息一次。本行 applicable distribution rate, payable semi-annually in arrear on 11可以自行決定，選擇取消分派付款或贖回額 April and 11 October in each year. The Bank may, at its sole discretion,外一級資本，但需得到金管局的事先書面同 elect to cancel the distribution payment or redeem the AT1 Capital意。本行可根據既定的非可行性情況出現時 Securities subject to prior written consent of the HKMA. The及所載條款及條件減值未償還額外一級資本 outstanding amount of AT1 Capital Securities can be written down by的總額。根據香港《金融機構（處置機制） the Bank following the occurrence of a non-viability event as defined條例》（第628章）中賦予自救權力，當非可 and set out in the terms and conditions. At the sole discretion of the行性事件發生時，本行可行使相關香港處置 relevant Hong Kong Resolution Authority following a non-viability權自行決定調整未償還額外一級資本總額。 event, the outstanding amount of AT1 Capital Securities can be adjusted upon the exercise of Hong Kong Bail-in Power in accordance with the Hong Kong Financial Institutions (Resolution) Ordinance (Cap.628).
31僱員退休計劃 31 Staff retirement scheme
本集團設有一項界定供款公積金計劃（「該 The Group has a defined contribution provident fund scheme退休計劃」）；據此，本集團須作出相當於僱 (“the Retirement Scheme”) under which it contributes10% of the員基本薪金10%的供款。該退休計劃是一個 employees’ basic salaries. The Retirement Scheme is a Mandatory強積金豁免計劃，涵蓋範圍遍及本集團的所 Provident Fund (“MPF”) exempted scheme and covers all permanent有全職僱員。僱員毋須作出任何供款。如果 full-time employees of the Group. No employee contributions are僱員在獲得全數供款前離職，本集團不得將 required. Contributions forfeited by leavers prior to vesting fully may僱員所放棄的供款用作減少現時的供款額， not be used by the Group to reduce the existing level of contribution,而需將有關供款撥入一個獨立的福利基金， but are transferred to a separate welfare fund which shall be applied作為該退休計劃成員的福利金。 for the welfare of the RetirementScheme’s members.
除了該退休計劃外，本集團自2000年12月1 In addition to the Retirement Scheme, the Group has also participated日起，也參與一項認可強積金計劃，為現有 in an approved MPF scheme effective from 1 December 2000 to及新聘的僱員提供計劃選擇。本集團已根據 provide a choice of schemes to both existing and new employees.強積金計劃提供等同強制部份的福利。 Mandatory benefits are provided under the MPF Scheme.本年度內，本集團就這些計劃作出的供 During the year, the Group contributed approximatelyHK$91,652,000款約為港幣91,652,000元（2015年：港幣 (2015:HK$82,115,000) (note 10(a)) to these schemes.
82,115,000元）（附註10(a)）。
122中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
32現金及現金等值項目 32 Notes to consolidated cash flow statement
2016 2015港幣千元 港幣千元HK$’000 HK$’000 (a)經營溢利與經營業務之 (a) Reconciliation of operating profit to net cash flow
現金淨額的對賬 (used in)/from operating activities
經營業務 Operating activities
稅前溢利 Profit before taxation 3,053,239 2,601,446非現金項目調整： Adjustments for non-cash items:
客戶貸款及墊款及其他 Impairment losses on loans and
賬項減值虧損準備 advances and other accounts 552,959 667,677出售可供出售證券淨收益 Net gain on disposal of available-for-sale securities (129,729) (59,715)出售物業及設備淨 Net (gain)/loss on disposal of property and
（收益）╱虧損 equipment (15) 730投資物業重估收益 Revaluation gain on investment properties (9,546) (3,046)遞延支出攤銷 Amortisation of deferred expenses 36,571 121,632物業及設備折舊 Depreciation on property and equipment 150,220 135,135權益證券股息收入 Dividend income from equity securities (6,098) (6,294)債務資本利息支出 Interest expense on loan capital 504,064 503,309匯兌差額 Foreign exchange differences (107,715) (373,269)營運資金變動前的經營溢利 Operating profit before changes in working Capital 4,043,950 3,587,605經營資產（增加）╱減少 (Increase)/decrease in operating assets
原到期日超過3個月的在銀 Placements with and advances to banks,
行、中央銀行及其他金 central banks and other financial institutions
融機構的存款及墊款 with original maturity beyond 3 months 3,096,013 (42,678)原到期日超過3個月的 Treasury bills with original maturity
國庫券 beyond 3 months 5,851,710 (7,875,416)原到期日超過3個月的 Certificates of deposit held with original
持有存款證 maturity beyond 3 months (4,081,411) (7,651,121)交易用途資產 Trading assets (1,304,181) (986,206)客戶貸款及墊款及 Loans and advances to customers and
其他賬項 other accounts (18,412,937) (20,483,681)可供出售證券 Available-for-sale securities (6,746,042) (8,111,502) (21,596,848) (45,150,604)經營負債增加╱（減少） Increase/(decrease) in operating liabilities
銀行及其他金融機構的 Deposits and balances of banks and
存款及結存 other financial institutions 2,598,359 (1,471,100)客戶存款 Deposits from customers 14,883,011 31,742,004交易用途負債 Trading liabilities 440,830 580,807已發行存款證 Certificates of deposit issued 201,380 (3,509,246)其他負債 Other liabilities (2,298,988) 4,597,056 15,824,592 31,939,521用於經營業務的現金額 Cash used in operating activities (1,728,306) (9,623,478)
二零一六年報 123
Annual Report 2016
財務報表附註 Notes to the Financial Statements
32現金及現金等值項目（續） 32 Notes to consolidated cash flow statement (continued) 2016 2015港幣千元 港幣千元HK$’000 HK$’000 (a)經營溢利與經營業務之 (a) Reconciliation of operating profit to net cash flow
現金淨額的對賬（續） (used in)/from operating activities (continued)
用於經營業務的現金額 Cash used in operating activities (1,728,306) (9,623,478)已付所得稅 Income tax paid
已付香港利得稅 Hong Kong Profits Tax paid (197,426) (389,223)已付海外稅項 Overseas tax paid (62,553) (52,565)用於經營業務的現金淨額 Net cash flow used in operating activities (1,988,285) (10,065,266)經營業務產生的現金 Cash flows from operating
流量包括： activities include:
已收利息 Interest received 6,891,019 6,578,774已付利息 Interest paid (2,599,419) (2,847,156) (b)現金及現金等值項目 (b) Analysis of the balances of cash
的結存分析 and cash equivalents
現金及在銀行、中央銀行及 Cash and balances with banks, central banks and
其他金融機構的結存 other financial institutions 26,458,664 19,497,229在銀行、中央銀行及其他 Placements with and advances to banks, central
金融機構的存款及墊款 banks and other financial institutions with original
（原於3個月內到期） maturity within 3 months 18,304,676 22,453,326國庫券及持有的存款證 Treasury bills and certificates of deposit held
（原於3個月內到期） with original maturity within 3 months:
－可供出售證券 – Available-for-sale securities 9,753,931 9,744,861 54,517,271 51,695,416
124中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
33用作負債抵押的資產及抵押品接受作 33 Assets pledged as security for liabilities and collateral為抵押資產 accepted as security for assets
2016 2015港幣千元 港幣千元HK$’000 HK$’000用作負債抵押的資產 Assets pledged as security for liabilities
用作抵押可供出售證券的 Available-for-sale securities pledged for
法定存款（附註(1)） statutory deposit (Note 1) 85,304 85,541用作抵押可供出售證券的 Available-for-sale securities pledged for
個人負債（附註(2)） own liabilities (Note 2) – 77,800 85,304 163,341抵押品接受作為抵押資產 Collateral accepted as security for assets
允許出售或在沒有違約轉押抵 Fair value of the collateral permitted to sell or
押品的公允價值（附註3） repledge in the absence of default (Note 3) – 1,592,835附註：
Note:
(1)用作抵押的資產是指於結算日抵押予美國
(1) The assets pledged represented statutory deposits pledged by the貨幣監理處的法定存款。
overseas branches of the Bank to the Office of the Comptroller of the Currency in the United States.
(2)於2015年，根據銷售和回購交易之擔保
(2) At 31 December 2015, the assets pledged regarded as‘collateral’責任，視為「抵押品」的抵押資產為港幣
under the sale and repurchase transactions for the secured liabilities of69,307,000元已計入銀行及其他金融機構的
HK$69,307,000 were included in deposits and balances of banks and存款及結存中。
other financial institutions.
(3)於2015年，本集團也收到逆回購交易的抵
(3) At 31 December 2015, the Group also received securities as collateral押品作為證券借貸包括銀行及其他金融機
under the reverse repurchase transactions for bank balances of構的存款為港幣1,612,028,000元。反向回購
HK$1,612,028,000 as included in placements with banks and financial協議是根據證券借貸的標準條款和逆回購
institutions. The reverse repurchase agreements were conducted交易進行。本集團有對交易對手恢復證券
under standard terms for securities borrowing and reverse repurchase的義務。
transactions. The Group had an obligation to return the securities to its counterparties.
34重大關聯方交易
34 Material related party transactions
除在本財務報表其他部份披露的交易及結餘
In addition to the transactions and balances disclosed elsewhere外，本集團進行了以下重大關聯方交易。
in these financial statements, the Group entered into the following material related party transactions.
二零一六年報 125
Annual Report 2016
財務報表附註 Notes to the Financial Statements
34重大關聯方交易（續） 34 Material related party transactions (continued) (a)與集團公司的交易 (a) Transactions with group companies
本年度內，本集團在其日常銀行業務過程中 During the year, the Group entered into a number of transactions with與關聯方進行了多項交易，其中特別包括借 related parties in the normal course of its banking business; including,貸、接受及存放同業存款、參與銀團貸款、 inter alia, lending, acceptance and placement of interbank deposits,往來銀行交易和外匯交易。這些交易的合約 participation in loan syndicates, correspondent banking transactions定價是按照每次進行交易時的相關市場利率 and foreign exchange transactions. The transactions were priced而定，並與提供給本集團其他交易方及客戶 based on relevant market rates at the time of each transaction, and的條款相同。董事會認為，這些交易是按正 were under the same terms as those available to other counterparties常商業條款進行。 and customers of the Group. In the opinion of the Directors, these transactions were conducted on normal commercial terms.本年度內，關聯方交易的數額及於結算日的 The amount of related party transactions during the year and結欠如下： outstanding balances at the end of the year are set out below:最終控股及 同系附屬公司 聯營公司 關聯公司中間控股母公司 （附註(i)） （附註(ii)） （附註(iii)） Ultimate holding and 直接控股母公司 Fellow subsidiaries Associates Related companies intermediate parents Immediate parent (note (i)) (note (ii)) (note (iii))（重述）
(Restated)
2016 2015 2016 2015 2016 2015 2016 2015 2016 2015港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元 港幣千元港幣千元HK$’000 HK$’000HK$’000 HK$’000HK$’000 HK$’000HK$’000 HK$’000 HK$’000 HK$’000利息收入 I nterest income 45,342 303,501 – – 46,352 22,249 15,601 25,290 – 61,302利息支出 Interest expense (99,309) (107,464) (4,134) (7,349) (49,387) (82,841) (12,418) (15,323) (7,466) (19,730)其他經營收入 Other operating income – – – – 229 – 26,494 50,823 – –經營支出 Operating expenses (21,842) (3) 573 (8,244) (5,469) (4,832) – – – (1)交易用途衍生收益╱（虧損） Trading gain/(loss) on derivatives 180,393 149,314 – – 854 (2,895) (25,528) 7,726 – (46,136)資產 A ssets
可供出售證券 Available-for-sale securities 196,391 206,528 – – – – 174,535 168,577 – –衍生金融工具 Derivative financial instruments 72,187 146,784 – – – – 27,538 – – –其他應收賬項 Other receivables 3,178 5,601 – – 3,875 3,438 1,596 2,153 – –負債 Liabilities
衍生金融工具 Derivative financial instruments 40,188 14,537 – – 4,221 – 25,259 – – –其他應付賬項 Other payables 12,842 8,635 886 6,138 10,611 25,720 332 988 2,794 1,081貸款活動： Lending activities
於12月31日 At 31 December 320,358 1,743,360 – – 2,707,688 1,760,666 600,000 664,690 – –本年度平均金額 Average for the year 2,016,340 5,070,805 – – 2,013,141 1,283,611 577,446 970,990 – 851,146接受存款： Acceptance of deposits
於12月31日 At 31 December 8,559,965 6,246,501 415,929 2,215,978 11,465,328 6,391,250 3,148,578 4,819,768 677,293 1,242,138本年度平均金額 Average for the year 7,653,279 9,324,578 413,580 2,218,787 5,704,286 5,721,146 4,480,058 5,764,077 871,947 1,297,099財務狀況表外項目 O ff-statement of financial
position items
承兌匯票、擔保 Acceptances, guarantees
及信用證 and letters of credit
－應付合約金額 – contract amounts payable – – – – (107,077) (12,565) – – – –租賃承擔 Lease commitments – – – – 1,552 3,997 – – – –其他承擔 Other commitments – – – – 145,489 478,861 1,134,273 862,817 222,861 –衍生金融工具 Derivative financial instruments
－名義金額 – notional amounts 6,867,094 6,535,013 – – 387,744 – 2,495,188 – – –
126中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
34重大關聯方交易（續） 34 Material related party transactions (continued) (a)與集團公司的交易（續） (a) Transactions with group companies (continued)
並無就上述關聯方貸款及存款作出減值準 No impairment allowances were made in respect of the above loans備。 to and placements with related parties.
附註： Note:
(i) 本集團已重述期內與關聯方的交易，有關 (i) The Group has revisited its transactions with related parties during the這些交易的比較數字已重新表述。 period and certain comparative figures relating to these transactions have been restated as a result of such revision.
(ii)本集團的聯營公司包括屬於最終控股公司 (ii) Associates of the Group include the associates of the ultimate及直接控股母公司的聯營公司。 controlling party and immediate parent respectively.
(iii)關聯公司是指與直接控股母公司擁有共同 (iii) Related companies refers to companies with common key主要管理人員的公司。 management personnel of the intermediate parents.
(b)與主要管理人員的交易 (b) Transactions with key management personnel
本集團主要管理人員酬金總額包括附註11所 The aggregate amount of remuneration of key management披露已付予本行董事的款項，詳情如下︰ personnel of the Group, including the amount paid to theBank’s Directors as disclosed in note 11, are as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’000短期僱員福利 Short-term employee benefits 97,340 101,895離職後福利 Post-employment benefits 3,122 3,266 100,462 105,161酬金總額已計入「員工成本」（附註10(a)）。 Total remuneration is included in‘staffcosts’ (note 10(a)).本年度內，本行向本行內部及其控股公司的 During the year, the Bank provided credit facilities to key management主要管理人員和他們的近親及由他們控制或 personnel of the Bank and its holding companies and their close受他們重大影響的公司提供信貸融資。信貸 family members, as well as to companies controlled or significantly融資是在日常業務過程中提供，並與身份類 influenced by them. The credit facilities were provided in the ordinary似人士或（如適用）與其他僱員進行可比較 course of business and on substantially the same terms as for交易的條款大致相同。 comparable transactions with persons of a similar standing, or where applicable, with other employees.
二零一六年報 127
Annual Report 2016
財務報表附註 Notes to the Financial Statements
34重大關聯方交易（續） 34 Material related party transactions (continued) (b)與主要管理人員的交易（續） (b) Transactions with key management personnel (continued) 2016 2015港幣千元 港幣千元HK$’000 HK$’000於1月1日的結餘 At 1 January 21,058 21,477於12月31日的結餘 At 31 December 21,404 21,058年內最高結欠總額 Maximum amount during the year 27,981 24,201本集團沒有就主要管理人員於年內的結欠額 No impairment losses were recorded against outstanding balances確認任何減值虧損，也沒有就主要管理人員 with key management personnel during the year, and no individually和他們的近親於年末的結欠額提撥個別評估 assessed impairment allowance was made on balances with key的減值準備。 management personnel and their immediate relatives at the year end. (c)董事貸款 (c) Loans to directors
根據《公司（披露董事利益資料）規例》（第 Particulars of loans to directors disclosed pursuant to Section 17 of622G章）第17條，如下為截至2016和2015年 the Companies (Disclosure of Information about Benefits of Directors)12月31日有關董事的貸款資料。 Regulation (Cap.622G) for the year ended 31 December 2016 and 2015 are shown as below.
2016 2015港幣千元 港幣千元HK$’000 HK$’000於12月31日本行提供的有關 Aggregate amount of relevant loans made by
貸款結欠總額 the Bank at 31 December
－發放貸款及墊款 – Loans and advances 9,213 3,247－承諾信貸額 – Committed facility 20,795 10,663本年度內本行提供的有關貸款 Maximum aggregate amount of relevant
最高結欠總額 loans made by the Bank during the year
－發放貸款及墊款 – Loans and advances 12,532 9,996於2016年及2015年12月31日，本集團沒有為 There were no impairment allowances made against these loans at 31這些貸款提撥準備。 December 2016 and 2015.
128中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理 35 Financial risk management
本節呈列有關本集團的風險及其對風險的管 This section presents information about theGroup’s exposure to risks,理及控制，尤其是與使用金融工具有關的主 and its management and control of risks, in particular the primary risks要風險︰ associated with its use of financial instruments as follows:－信貸風險︰信貸風險是客戶或交易對 – Credit risk: The risk of financial loss due to the failure of a手不能履行其合約責任所招致財務損 customer or counterparty to fulfill its contractual obligations.失的風險。
－市場風險︰因匯率、商品價格、利 – Market risk: The risk that movements in market risk factors,率、信用利差及股票價格等市場風險 including foreign exchange rates, commodity prices, interest因素的變動，引致本集團收入、投資 rates, credit spreads and equity prices, will reduce theGroup’s組合價值及儲備價值減少。 income, the value of its portfolios and its reserve value.－流動性風險︰因未能準時支付所有負 – Liquidity risk: The risk of being unable to meet financial債而承擔之風險。這風險可能因資金 obligations as they fall due. This may be caused by a funding流動問題，如未能將資產變現或取得 liquidity problem such as the inability to liquidate assets or資金以履行責任或因市場波動而引致 obtain funding to meet obligations, or may be attributable市場流動問題，並阻礙本集團在不用 to a market liquidity problem significantly resulting in market大幅下調市值以解除或抵銷特定的敞 disruptions, thus hindering theGroup’s ability to unwind or口。 offset specific exposures without lowering market prices.－業務操作風險︰因內部作業、人員及 – Operational risk: The risk of loss resulting from inadequate or系統之不當與失誤，或其他外部作業 failed internal processes, people and systems, or from external相關事件所造成損失之風險。 events.
本集團採用標準方法以計算信貸及市場風 The Group adopts the Standardised Approach for credit and market險，及採用基本指標法計算業務操作風險。 risk measurement, and the Basic Indicator Approach for operational本集團制定了政策、程序及方法來識別及設 risk measurement. The Group has established policies, procedures定適當的風險限額從而分析和控制這些風 and processes to identify and set appropriate risk limits, as well as險。本集團不斷修改及提升其風險管理框架 to analyse, control and monitor these risks. The Group continually和架構，以緊貼市場、產品提供及國際最佳 strives to enhance its risk management framework and infrastructure風險管理程序。本集團的內部核數人員亦會 in keeping with the market, product offerings and international best定期進行獨立審核，以確保遵守內部政策和 practices. TheGroup’s internal auditor performs regular independent監管要求。 audits to ensure due compliance with internal policies and regulatory requirements.
除了呈列有關本集團所承受及管理的上述各 In addition to theGroup’s exposure to and management of the項風險、本附註亦包括本集團管理資本管理 aforesaid risks, this note also includes information about theGroup’s的資料。 capital management.
二零一六年報 129
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理 (a) Credit risk management
信貸風險是客戶或交易對手不能履行其合約 Credit risk is the risk of financial loss due to the failure of a customer責任所招致財務損失的風險。信貸風險主 or counterparty to fulfill its contractual obligations. Credit exposure要來自貸款及墊款、債務證券、國庫券、衍 principally arises in loans and advances, debt securities, treasury bills生工具及資產負債表外業務，如貸款承諾。 and trading derivatives, as well as in the credit risk from financial本集團已建立一系列標準、政策及程序以量 arrangements in the off-statement of financial position such as loan度、監控及減低借貸業務的風險。本集團會 commitments. The Group has developed standards, policies and按要求而評估有關政策及程序，以便能夠在 procedures to measure, monitor and mitigate the risk of its lending急速轉變的市場環境下作快速的回應以更有 business. The policies and procedures are reviewed as required, to效反映在信貸考慮中的風險因素。 respond quickly to the changing market environment to better reflect the risk factors for theGroup’s credit considerations.
信貸風險管理及監控集中於信貸委員會轄下 Credit risk is controlled and managed by the Risk Management Group之風險管理部，並每季在董事會向信貸及風 (“RMG”) under the oversight of the Credit Committee, and is reported險管理委員會匯報。該委員會對本集團的風 to the Credit& Risk Management Committee (“CRMC”) at the board險管理程序提供合適的監察，確定集團的政 level on a quarterly basis. These committees provide appropriate策及風險取態，並為風險管理部提供方法以 oversight of theGroup’s risk management practices by defining the執行措施來減低因集團已採納的策略而產生 Group’s policies and risk appetite, and providing the RMG with the的信貸風險。 means to implement measures to mitigate credit risk arising from theGroup’s adopted strategy.
產品的信貸風險會在產品計劃中識別及計 Credit risk embedded in products is identified and measured in量。各交易對手的信貸風險由信貸人員根據 product programmes. Credit risk pertaining to individual customers is本集團內部之風險評級模型以識別及計量。 identified and measured by credit officers utilising internal risk rating信貸申請之批核會因情況而定，並由指定職 models. Credit applications are approved by credit officers under權的信貸人員或信貸委員會負責。 delegated authorities or by the Credit Committee.
本集團通過取得抵押品、與借款人或交易對 The Group mitigates credit risk by taking collateral and entering into手訂立可依法執行的可抵銷或按淨額基準結 offsetting or netting agreements with borrowers and counterparties,算的協議，以減低信貸風險。 as the case may be, should such clauses and agreements be legally established and enforceable.
當地理、經濟或行業因素的變動對各交易對 Concentration of credit risk exists when changes in geographic,手團體產生類似影響，而這些團體的信貸風 economic or industry factors similarly affect groups of counterparties險合計起來對本集團的總體風險而言屬重大 whose aggregate credit exposure is material in relation to theGroup’s時，便會產生信貸風險集中的問題。本集團 total exposures. TheGroup’s portfolio of financial instruments is的金融工具組合分散在不同的地區、行業和 diversified among geographic, industry and product sectors. Credit產品類別。本集團有關金融資產的信貸風險 risk concentration of theGroup’s respective financial assets is集中的分析在附註18至20中披露。 disclosed in notes 18 to 20.
財資交易信貸風險的管理方式，與本集團管 Credit risk for treasury transactions is managed in the same way as the理企業借貸風險的方式相同，並根據各債券 Group manages its corporate lending risk. Risk grading is applied to發行人的風險評級，設定個別風險額度。 the debt issuers, with individual credit limits set.
130中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
有關國家及金融機構的信貸及交易對手風險 Credit and counterparty risks related to countries and financial會根據本集團的國家風險及金融機構風險政 institutions are assessed and monitored regularly according to the策作出評估及定期監察。這些政策的共同實 Group’s Country Risks and Financial Institution Risks policies. The施對處於同一國家風險額度函蓋底下的各國 policies are implemented together to effectively assess and control相關金融機構能作出有效的評估及控制信貸 credit limits and tenors made available to the respective financial額度和期限。 institutions under an umbrella country risk limit for each country.本集團對或有負債採用與財務狀況報表內記 The Group applies the same credit policy in respect of contingent錄的金融工具相同的信貸政策，根據貸款審 liabilities as in respect of financial instruments recorded on the批程序，使用限額以減低風險及監察。信貸 statement of financial position, based on loan approval procedures,風險亦透過向借款人及第三者取得以抵押資 use of limits to reduce risk and monitoring. Credit risk is also mitigated產形式的抵押品及擔保而減低。 by obtaining collateral in the form of pledged assets and guarantees from borrowers and third parties.
(i)信貸質素 (i) Credit quality
本集團有一套對應外部評級機構主要 The Group has a 14-grade internal risk rating system (Grades級別的14級內部風險評級系統其中1 1-11 for performing loans and Grades 12-14 for non-performing至11級為正常貸款，12至14級為不良 loans) that maps to externalagencies’ Master Scales, providing貸款。這系統與本集團匯報架構的整 calibrated internal ratings. The integration of this framework合能確保風險報告更為精確，從而提 into theGroup’s reporting structure has enabled more accurate升本行的內部管理水平。風險評級工 risk reporting, thus enhancing the internal management. The具均按照不同客戶行業製造業、貿易 risk rating tools are calibrated according to differing customer業、物業發展╱投資等作校準，確 segments (manufacturing, trading, property development/保本集團能為每位客戶的信貸素質評 investment, etc.) which enables the ranking of the credit quality級，並決定本行對個別客戶或交易對 of each customer and the governing of the credit exposure for手的信貸敞口。 individual customers or counterparties.
每位客戶的風險評級均會作定期檢 Customers’ risk ratings are reviewed regularly and amendments,討，並按需要作及時修改，尤其在波 where necessary, are implemented promptly, particularly動的市場情況下，本集團亦有委員會 in times of fluctuating market conditions. The Group also負責定期監察較弱的信貸即風險評級 maintains a committee to regularly oversee weaker credits為8至11級以鞏固本集團貸款組合的質 (which have lower risk ratings of 8-11) to preserve theGroup’s素。下表列示本集團的評級基準相對 quality portfolio. The table below outlines theGroup’s rating應的外部信貸機構評級： scale benchmarked against external credit agencies:
二零一六年報 131
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(i)信貸質素（續） (i) Credit quality (continued)
內部評級體系 ECAI評級
(14－級別） （附註(a)）
Internal Rating System ECAI Rating 評級原則
(14-grade) (note(a))(S&P/Moody) Rating Principles
1 AA-/Aa3或以上 (i)最小至非常低的信用風險。
AA-/Aa3 or above (ii)極強至非常強的能力以履行其財務承諾。
(iii)不容易受到不利的經濟環境影響，以履行財務承諾。
(i) Minimal to very low credit risk.
(ii) Extremely strong to very strong capacity to meet its financial commitments.
(iii) Not susceptible to adverse economic conditions to meet its financial commitments.
2 A-/A3至A+/A1 (i)低的信用風險。
A-/A3 toA+/A1 (ii)強的能力以履行其財務承諾。
(iii)相對較好的評價類別，容易受到不利的經濟環境影響，以履行財務承諾。
(i) Low credit risk.
(ii) Strong capacity to meet its financial commitments. (iii) Somewhat more susceptible to adverse economic conditions to meet its financial commitments than obligors rated under a better rating categories.
3 BBB/Baa2至BBB+/Baa1 (i)適度的信用風險，有正面前景。
BBB/Baa2 toBBB+/Baa1 (ii)足夠的能力以履行其財務承諾。
(iii)相對較好的評價類別、債務人的履行財務承諾能力可能會被不利的經濟環境影響及減弱。
(i) Moderate credit risk and positive outlook.
(ii) Adequate capacity to meet its financial commitments. (iii) Adverse economic conditions are more likely to lead to a weakened capacity of the obligor to meet its financial commitments than obligors rated under a better rating categories.
4 BBB-/Baa3 (i)中等信用風險。
(ii)足夠的能力以履行其財務承諾。
(iii)相對較好的評價類別、債務人的履行財務承諾能力可能會被不利的經濟環境影響及減弱。
(i) Moderate credit risk.
(ii) Adequate capacity to meet its financial commitments. (iii) Adverse economic conditions are more likely to lead to a weakened capacity of the obligor to meet its financial commitments than obligors rated under a better rating categories.
132中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(i)信貸質素（續） (i) Credit quality (continued)
內部評級體系 ECAI評級
(14－級別） （附註(a)）
Internal Rating System ECAI Rating 評級原則
(14-grade) (note(a))(S&P/Moody) Rating Principles
5 BB+/Ba1 (i)重大信用風險，有正面前景。
(ii)足夠的能力以履行其財務承諾。
(iii)相對較好的評價類別、債務人的履行財務承諾能力可能會被不利的經濟環境影響及不足。
(i) Substantial credit risk and positive outlook.
(ii) Acceptable capacity to meet its financial commitments. (iii) Adverse economic conditions could lead to inadequate capacity to meet its financial commitments than obligors rated under a better rating categories.
6 BB/Ba2 (i)重大信用風險，有中等前景。
(ii)足夠的能力以履行其財務承諾。
(iii)相對較好的評價類別、債務人的履行財務承諾能力可能會被不利的經濟環境影響及不足。
(i) Substantial credit risk and moderate outlook.
(ii) Acceptable capacity to meet its financial commitments. (iii) Adverse economic conditions could lead to inadequate capacity to meet its financial commitments than obligors rated under a better rating categories.
7 BB-/Ba3 (i)重大信用風險。
(ii)足夠的能力以履行其財務承諾。
(iii)相對較好的評價類別、債務人的履行財務承諾能力可能會被不利的經濟環境影響及不足。
(i) Substantial credit risk.
(ii) Acceptable capacity to meet its financial commitments. (iii) Adverse economic conditions could lead to inadequate capacity to meet its financial commitments than obligors rated under a better rating categories.
8 B+/B1 (i)高信用風險，有正面前景。
(ii)目前有足夠的能力以履行其財務承諾。
(iii)相對較好的評價類別、不利的經濟環境可能會削弱債務人履行財務承諾的能力或意向。
(i) High credit risk and positive outlook.
(ii) Currently has the capacity to meet its financial commitments. (iii) Adverse economic conditions will likely impair the capacity or willingness to meet its financial commitments than obligors rated under a better rating categories.
二零一六年報 133
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(i)信貸質素（續） (i) Credit quality (continued)
內部評級體系 ECAI評級
(14－級別） （附註(a)）
Internal Rating System ECAI Rating 評級原則
(14-grade) (note(a))(S&P/Moody) Rating Principles
9 B/B2 (i)高信用風險，有中等前景。
(ii)目前有足夠的能力以履行其財務承諾。
(iii)相對較好的評價類別、不利的經濟環境可能會削弱債務人履行財務承諾的能力或意向。
(i) High credit risk and moderate outlook.
(ii) Currently has the capacity to meet its financial commitments. (iii) Adverse economic conditions will likely impair the capacity or willingness to meet its financial commitments than obligors rated under a better rating categories. 10 B-/B3 (i)高信用風險。
(ii)目前有足夠的能力以履行其財務承諾。
(iii)相對較好的評價類別、不利的經濟環境可能會削弱債務人履行財務承諾的能力或意向。
(i) High credit risk.
(ii) Currently has the capacity to meet its financial commitments. (iii) Adverse economic conditions will likely impair the capacity or willingness to meet its financial commitments than obligors rated under a better rating categories. 11額外關注 C至CCC+╱Caa1 根據貸款分類政策（請參考附註(b)）
Special Mention C/C toCCC+/Caa1 In accordance with the Loan Classification Policy (Please refer to note (b))
12不合標準 D 根據貸款分類政策（請參考附註(b)）
Substandard In accordance with the Loan Classification Policy (Please refer to note (b))
13可疑 – 根據貸款分類政策（請參考附註(b)）
Doubtful In accordance with the Loan Classification Policy (Please refer to note (b))
14虧損 – 根據貸款分類政策（請參考附註(b)）
Loss In accordance with the Loan Classification Policy (Please refer to note (b))
附註：
Note:
(a)ECAI為外部信用評估機構.
(a) ECAI stands for External Credit Assessment Institutions. (b)貸款分類制度政策建立了按照由金管
(b) The Loan Classification Policy sets out a system for classifying局發出的貸款分類指引系統，落實相
relevant assets in accordance with the Loan Classification關資產按統一的標準和時間進行分
Guideline issued by the HKMA such that consistent criteria and級。
timing for the grading of relevant assets is put into effect.
134中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(ii)信貸風險上限 (ii) Exposure of credit risk
於結算日承受的信貸風險上限，未計 The maximum exposure to credit risk at the end of the reporting及任何持有的抵押品或其他信用提 period, without considering any collateral held or other credit升，為財務狀況表中每項金融資產於 enhancements, is represented by the carrying amount of扣除任何減值準備後的賬面金額。信 each financial asset in the statement of financial position after貸風險上限概述如下： deducting any impairment allowances. A summary of the maximum exposure is as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’000現金及在銀行、中央銀行及 Cash and balances with banks, central banks
其他金融機構的結存 and other financial institutions 27,540,433 20,322,734在銀行、中央銀行及其他金融 Placements with and advances to banks,
機構的存款及墊款 central banks and other financial
institutions 22,889,713 30,390,640交易用途資產 Trading assets 5,580,642 4,276,050客戶貸款及墊款及 Loans and advances to customers and
其他賬項 other accounts 190,887,812 173,176,439可供出售証券 Available-for-sale securities 58,108,539 53,056,525財務擔保及其他與信貸有關的 Financial guarantees and other credit-
或有負債 related contingent liabilities 7,671,843 5,475,838貸款承擔及其他與信貸 Loan commitments and other credit-
有關的承擔 related commitments 114,235,928 95,340,313 426,914,910 382,038,539
二零一六年報 135
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(iii)主要淨額結算協議 (iii) Master netting arrangement
本集團與其他交易方訂下主要淨額結 The Group enters into enforceable master netting arrangements算協議。假如發生違約，所有與其他 with counterparties. If an event of default occurs, all outstanding交易方未完成的交易將被終止及所有 transactions with the counterparty are terminated and all未償還款項將以按淨額基準結算。除 amounts outstanding are settled on a net basis. Except for了違約情況，所有與其他交易方未完 the event of default, all outstanding transactions with the成的交易是按總額結算，及一般不會 counterparty are settled on a gross basis and generally do not在財務狀況表的資產和負債抵銷。本 result in offsetting the assets and liabilities in the statement of集團披露信息是為了讓財務報告使用 financial position. The Group discloses information for financial者評估淨額結算協議於本集團的財務 statement users to evaluate the effect or potential effect of狀況的潛在影響，其中包括抵銷本集 netting arrangements, including the rights of set-off associated團已確認金融資產和金融負債的相關 with theGroup’s recognised financial assets and recognised權利。 financial liabilities, on theGroup’s financial position. 2016
在財務狀況表內
沒有抵銷的相關數額
Related amounts that are
在財務狀況表
not offset in the statement
內匯報的衍生
of financial position
金融工具淨額
Derivative financial 持有
instruments 現金抵押
presented in 金融工具 Cash
the statement Financial collateral 淨額 of financial position instruments received Net amount港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000金融資產 Financial assets
－衍生金融工具 – Derivative financial instruments
（附註18） (note 18) 4,258,891 (2,051,890) (154,756) 2,052,245金融負債 Financial liabilities
－衍生金融工具 – Derivative financial instruments
（附註25） (note 25) 3,996,444 (2,051,890) – 1,944,554
136中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(iii)主要淨額結算協議（續） (iii) Master netting arrangement (continued)
2015
在財務狀況表內
沒有抵銷的相關數額
Related amounts that are
在財務狀況表
not offset in the statement
內匯報的衍生
of financial position
金融工具淨額
Derivative financial 持有
instruments 現金抵押
presented in 金融工具 Cash
the statement Financial collateral 淨額 of financial position instruments received Net amount港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000金融資產 Financial assets
－衍生金融工具 – Derivative financial instruments
（附註18） (note 18) 4,063,223 (1,576,071) (647,330) 1,839,822金融負債 Financial liabilities
－衍生金融工具 – Derivative financial instruments
（附註25） (note 25) 3,555,614 (1,576,071) – 1,979,543 (iv)緩減信貸風險－抵押品及其他信用提升 (iv) Mitigation of credit risk– Collateral and other credit enhancements本集團致力投放資源以不同方式減緩 The Group dedicates to mitigating credit risk, and this takes信貸風險。一般而言，本集團以抵押 many forms. In general, risk to theGroup’s ultimate credit品及其它信用提升以減緩最終信貸敞 exposure is mitigated by recognised collateral and credit risk口的風險。本集團將繼續提升減緩信 enhancement. The Group continuously seeks to enhance its貸風險的水平，並成功保持信貸質素。 level of credit risk mitigation, and it was particularly successful at safeguarding its credit quality.
本集團用作貸款及墊款而持有的抵押 The principal collateral received to secure loans and advances品主要包括按揭、現金抵押、於主要 includes mortgages, cash collateral, equities listed on a main指數或認可的交易所上市的股權、應 index/recognised exchanges, accounts receivable assignments,收賬款賦值、備用信用證及其它認可 standby letters of credit and listed debt securities acceptable的債務證券。在一些情況下，本集團 to the Group. In some cases, depending on thecustomer’s將視乎客戶的狀況和申請的信貸產品 position and the types of credit products, some loans may be類別，批核由企業或個人作擔保的無 granted and backed by corporate or personal guarantees only.抵押貸款。
二零一六年報 137
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(iv)緩減信貸風險－抵押品及其他信用提升 (iv) Mitigation of credit risk– Collateral and other credit enhancements（續） (continued)
本集團有一套特定的準則以評核特定 The Group has guidelines on the acceptability of specific classes級別的抵押品及信用提升的可接受度 of collateral or credit risk enhancements accompanied by the及其估值參數。該估值參數傾向保守 determination of valuation parameters. Such parameters are並會作定期檢討。本集團對結構性證 expected to be conservative and reviewed regularly. Security券及契約（財務及非財務）作定期檢討 structures and covenants (financial and non-financial) are以確保它們均能符合有關協定情況。 subject to regular review to ensure they comply with the儘管抵押品在減緩信貸風險上十分重 stipulated conditions. The collateral is important to mitigate要，本集團政策以評估個人客戶或交 credit risk, but it is theGroup’s policy to assess the repayment易對手的還款能力為本而並非單純依 ability of individual customers or counterparties rather than just靠抵押品。 solely relying on securities.
本集團於2016年及2015年12月31日含 TheGroup’s collateralised credit risk at 31 December 2016 and抵押品的信貸風險分佈（扣除減值的 2015, excluding impaired exposure, is broken down as follows:風險承擔後）如下：
2016 2015港幣千元 港幣千元HK$’000 HK$’000貸款及墊款總額及持有 Lower of gross loans and advances and fair
作抵押金融資產之抵押品及 value of collateral and other credit
其他信用提升的公允價值 enhancements held against financial
兩者之較低者為： assets that are:
－沒有逾期或減值 – neither past due nor impaired 90,810,100 92,375,366－逾期但沒有減值 – past due but not impaired 2,570,029 2,389,787 93,380,129 94,765,153 (v)貸款組合管理及風險集中度 (v) Portfolio management and risk concentration
貸款組合管理 Portfolio management
－以風險為本的定價制度模型 – Risk-based Pricing Model
本集團採用以風險為本的定價制度模 As part of theGroup’s portfolio management practices, the型作為貸款組合管理的其中一組措 Risk-based Pricing Model has been adopted with the aim of施。本集團希望透過採用這個模型， improving the overall return for the Group (value creation), after考慮客戶和設施的風險亦就是貸款敞 taking into account the risks of the customers and facilities,口及其它成本所需資本，務求改善銀 and thus the capital required to support the loan exposure and行的整體回報（創造價值）。本集團定 other costs. Stress tests on theGroup’s credit risk are conducted期進行風險壓力測試。結果是由信貸 regularly. The result is approved by the Credit Committee and is委員批准，並由董事會於信貸及風險 endorsed by the Board through the CRMC.
管理委員會通過。
138中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(v)貸款組合管理及風險集中度（續） (v) Portfolio management and risk concentration (continued)風險集中度 Risk concentration
本集團己推行風險集中度管理政策並 A Credit Risk Concentration Policy is in place and the經常檢視貸款敞口以監控客戶、國 Group constantly reviews its loan exposure to monitor the家、市場分佈及產品上有關信貨集中 concentration of credit risk relating to customers, countries,的風險。 market segments and products.
(vi)貸款及墊款的信貸質量 (vi) Credit quality of loans and advances
本集團致力管理及監控其風險並己推 The Group manages and monitors its risks, and has a Loan行審慎的貸款分類政策及減值評估政 Classification Policy and Impairment Assessment Policy in策為這範疇作有效管治。本集團擁有 place to govern this aspect. The Group has a professional team專業團隊處理追收不良貸款的工作， dedicated to handling recovery works of non-performing包括貸款重組，採取法律行動，收回 loans, which include loan restructuring, taking legal action,資產及出售抵押品等。 repossession and disposal of collateral, etc.
於2016年及2015年12月31日，所有銀 At 31 December 2016 and 2015, all loans and advances to banks行貸款及墊款均沒有減值。客戶貸款 were not impaired. The credit quality of loans and advances to及墊款的信貸質量分析如下： customers is analysed as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’000客戶貸款及墊款總額 Gross loans and advances to customers
－沒有逾期或減值 – neither past due nor impaired 178,645,249 164,767,423－已逾期但沒有減值 – past due but not impaired 3,352,326 3,595,630－已減值 – impaired 1,766,666 1,506,685 183,764,241 169,869,738其中： Of which:
2016 2015港幣千元 港幣千元HK$’000 HK$’000沒有逾期或減值的客戶貸款及 Gross loans and advances to customers
墊款總額 that are neither past due nor impaired
－正常包括評級1至10 – Pass: Grades 1 to 10 177,106,459 163,111,083－關注包括評級11 – Special Mention: Grade 11 1,538,790 1,656,340 178,645,249 164,767,423
二零一六年報 139
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(vi)貸款及墊款的信貸質量（續） (vi) Credit quality of loans and advances (continued)
已逾期但沒有減值的客戶貸款及墊款 The ageing analysis of loans and advances to customers that are的賬齡分析如下： past due but not impaired is as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’000已逾期但沒有減值的客戶貸款及 Gross loans and advances to customers
墊款總額 that are past due but not impaired
－逾期3個月或以下 – Overdue 3 months or less 3,239,738 3,366,588－逾期6個月以下 – Overdue 6 months or less
或3個月以上 but over 3 months 112,588 229,042 3,352,326 3,595,630於2016年12月31日，已逾期或減值但 Loans and advances that would have been past due or條款已重新商訂及成為經重組貸款的 impaired, but the terms had been re-negotiated and became貸款及墊款為港幣3,218,000元（2015 rescheduled loans amounted toHK$3,218,000 at 31 December年：港幣12,390,000元）。經重組貸款 2016 (2015:HK$12,390,000). The rescheduled loans are not不包含於上述已逾期但沒有減值的客 included in the above gross loans and advances to customers戶貸款及墊款，詳情於未經審核補充 that are past due but not impaired, the details are provided in財務資料附註(F)中呈列。 note (F) of the unaudited supplementary information.按行業及地區進一步分析減值貸款的 Further detailed analyses of the impaired loan by industry sector詳細資料分別呈列於附註19(c)及未經 or by geographical location are provided in note 19(c) and note審核補充財務資料附註(D)。 (D) of the unaudited supplementary information, respectively. (vii)貸款及墊款以外金融資產的信貸質量 (vii) Credit quality of financial assets other than loans and advances財資交易信貸風險的管理方式，與本 The credit risk of treasury transactions is managed in the same集團管理企業借貸風險的方式相同， way as the Group manages its corporate lending risk. Risk並根據各債券發行人的風險評級，設 grading is applied to the debt issuers, with individual credit定個別風險額度。 limits set.
下表呈列債務證券在結算日根據穆迪 The following table presents the credit quality of investments投資服務或同等機構之評級分析的信 in debt securities analysed by the designated external credit貸素質。在2016年12月31日止年度， assessment agency,Moody’s Investors Service ratings (or its本集團已根據債務證券的發行、證券 equivalent), at the end of the reporting period. During the發行人或發行國家的評級進行信貸評 year ended 31 December 2016, the Group assessed the credit級。如證券本身沒有評級，則採用發 ratings for these debt securities according to their issue, the行人或發行國家的評級。 issuer or sovereign ratings. Ratings designated for the issuers or sovereigns are reported if there are no issue ratings.
140中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(a)信貸風險管理（續） (a) Credit risk management (continued)
(vii)貸款及墊款以外金融資產的信貸質量 (vii) Credit quality of financial assets other than loans and advances（續） (continued)
2016
可供出售證券
交易用途資產 Available-for-sale 總額 Trading assets securities Total港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 Aaa Aaa 165,496 3,445,061 3,610,557Aa3至Aa1 Aa3 to Aa1 14,777 21,346,627 21,361,404A3至A1 A3 to A1 137,594 20,200,503 20,338,097低於A3 Lower than A3 286,193 9,700,065 9,986,258 604,060 54,692,256 55,296,316未評級 Unrated 717,691 3,416,283 4,133,974總額 Total 1,321,751 58,108,539 59,430,290 2015
可供出售證券
交易用途資產 Available-for-sale 總額 Trading assets securities Total港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 Aaa Aaa 46,519 5,522,848 5,569,367Aa3至Aa1 Aa3 to Aa1 150 13,103,860 13,104,010A3至A1 A3 to A1 11,705 24,781,334 24,793,039低於A3 Lower than A3 131,405 7,441,665 7,573,070 189,779 50,849,707 51,039,486未評級 Unrated 23,048 2,206,818 2,229,866總額 Total 212,827 53,056,525 53,269,352
二零一六年報 141
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理 (b) Market risk management
市場風險源於所有對市場風險敏感的金融工 Market risk arises from all financial instruments sensitive to market具，包括證券，外匯合約，股票和衍生工 fluctuation, including securities, foreign exchange contracts, equity具，以及可供出售證券或結構性持倉。本集 and derivative instruments, as well as available-for-sale (“AFS”)團的市場風險主要分為交易用途組合及可供 securities or structural positions. The Group mainly separates出售證券組合。交易用途組合包括於自營交 exposures to market risk into trading and AFS portfolios. Trading易持倉和其他按市值計的持倉。可供出售組 portfolios include positions arising from proprietary position-taking合主要包括來自本集團於投資組合及流動組 and other mark to-market positions designated to the trading book.合的證券投資持倉，他們既不是擬持有至到 AFS portfolios include positions that primarily arise from theGroup’s期日也非用作交易用途。交易組合由市場風 investment portfolio and liquidity portfolio in securities, which are險所產生的估值變化反映在收益表內，而可 neither intended to be held to maturity nor purchased for trading.供出售證券組合的估值變化則反映在投資重 The change in valuation for the trading portfolios from market risks估儲備。本集團有必要確保來自市場風險的 affects the income statement, while that for the AFS portfolios affects影響在收益表和儲備會受到適當而審慎的控 the investment revaluation reserve. The Group needs to ensure制。市場風險管理的目標是： impacts on both the income statement and the reserves from market risks have proper prudent controls. The objectives of market risk management are to:
－通過風險的測量而鑑別、監測和控制 – identify, monitor and control market risk exposures through the市場風險；根據本集團的一級資本基 measurement of the risks, establish position limits, sensitivity礎而設定建立持倉的限額，敏感性及 limits and value at risk (“VaR”) limits based on theGroup’s Tier 1風險數值限額，以及與高級管理人員 capital base, and communicate risks to senior management溝通以上相關的風險；
－參考風險控制的框架以支援業務增 – support business growth with reference to a risk-controlled長； framework
－確保風險與回報得到適當的平衡。 – ensure a proper balance between risk and return.
市場風險的框架 Market risk framework
本集團有明確的市場風險偏好，透過一套環 The Group has a clear market risk appetite as set out through a set of球風險指標建立限額結構和交易用途及可 indicators under risk appetite statement (“RAS”), the establishment of供出售證券組合的政策。限額再界定為分層 a limit structure, and policies for the trading and AFS portfolios. Limits次的限額政策，業務範圍限額和交易限額。 are ordered according to the hierarchy of policy limits, business limits這個市場風險偏好已通過市場風險委員會批 and transaction limits. This market risk appetite has been approved准，並受到董事會內的信貸及風險管理委員 by the Market Risk Committee (“MRC”) and is endorsed by the Board會認可。設立分層次的限額結構可以控制由 through the Credit& Risk Management Committee (“CRMC”). The組合水平以至個別交易員的持倉大小，損益 hierarchy of the limit structure is set up to control the position,和敏感度。所有業務單位涉及市場風險都必 size, profit and loss, and sensitivities from the portfolio level to the須嚴格遵守限額政策的限制。財資及環球市 individual trader level. All business units with market risks are required場部是涉及市場風險承擔的主要業務部門。 to strictly comply with the policies and the limits. The Treasury& Markets Group (“TMG”) unit is the primary business unit involved in market risk exposures.
142中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
市場風險的框架（續） Market risk framework (continued)
市場風險及流動性建模單位是一個獨立的風 The Market Risk and Liquidity Modelling(“MR&LM”) unit is an險測量和控制單位，它是由市場風險及流動 independent risk measurement and control unit overseen by the建模主管進行監督，並向風險管理總監作匯 Head ofMR&LM, who reports to the Chief Risk Officer (“CRO”).MR&LM報。市場風險及流動建模使用了一套量化技 uses a set of quantitative techniques to identify, measure and control術來識別，測量和控制市場風險，並定期向 the market risks, which are regularly reported to the MRC and the市場風險委員會報告和透過信貸及風險管理 Board through the CRMC. These techniques include sensitivity委員會向董事會報告。這些技術包括敏感性 analyses, VaR and stress tests, which are measured relative to the分析，風險數值和壓力測試，用以衡量相對 Group’s capital base.
於本集團的資本基礎。
下表概述以量化技術衡量的各種市場風險報 The following table provides an overview of the types of quantitative告： measures in various market risk reports:
交易用途組合 可供出售證券組合 Trading Portfolios AFS Portfolios
風險類型 Risk type 風險測試 Risk measures 風險測試 Risk measures外匯 Foreign exchange 風險值及敏感度 VaR and sensitivity 不適用 Not applicable利率 Interest rate 風險值及敏感度 VaR and sensitivity 風險值及敏感度 VaR and sensitivity期貨 Commodity 風險值 VaR 不適用 Not applicable股權 Equity 風險值 VaR 敏感度 Sensitivity信用利差 Credit spread 風險值及敏感度 VaR and sensitivity 風險值及敏感度 VaR and sensitivity組合類型 Portfolio type 風險值，敏感度及 VaR, sensitivity and 風險值，敏感度及 VaR, sensitivity and壓力測試 stress test 壓力測試 stress test本集團透過經信貸及風險管理委員會審批
TheGroup’s approval process for new products is controlled by the的「新產品評估及批核政策」（「此政策」），
“New Product Evaluation and Approval Policy” (“the Policy”) approved控制其對新產品批核之程序。根據「此政
by the CRMC. According to the Policy, new products are subject to策」，新產品所涉及的風險評估必須經各功
risk clearance by various functional units, including the Financial能小組許可，包括財務管理部、法律部及合
Management Group, the Operations and Technology Group, the規部、營運及科技管理部和風險管理部。在
Risk Management Group, the Legal Department and the Compliance獲得各功能小組的許可後，建議新產品的業
Department. After obtaining functional clearance, the sponsoring務主管需向合適的風險管理總監及行政總
Business Head shall submit the Product Proposal for the approval of裁╱副行政總裁╱替任行政總裁提交產品
the CRO and the CEO/Deputy CEO (“DCEO”)/Alternate Chief Executive建議書作審批。
Officer (“ACEO”) as appropriate.
二零一六年報 143
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
市場風險模型的方法和特點 Methodology and characteristics of the market risk model
以下說明本集團所採用的各種量化風險計 The following explains the types of quantitative risk measures the量。 Group adopts.
敏感性分析 Sensitivity analysis
敏感度測試是用於監測對各種類型風險承擔 Sensitivity measures are used to monitor the market risk positions of的市場風險狀況。例如，可利用利率和於信 each type of risk exposure. For example, the present value of a basis貸利差風險中的信貸利差因一個基點的變動 point movement in interest rates and the present value of a basis所產生的現值作為監測目的。 point movement in credit spreads for credit spread risk are used for monitoring purposes.
風險值 Value at risk
風險值是一種技術用於估計因市場利率和價 VaR is a technique that estimates the potential losses that could occur格在特定時段下所引致的波動和在風險立 on risk positions as a result of movements in market rates and prices場上會發生的潛在損失，並藉此提供信心水 over a specified time horizon and to a given level of confidence.平。該模型是為了捕捉不同的風險類型，包 The model is designed to capture the different risk types including括利率風險，外匯風險，信貸利差風險，股 interest rate risk, foreign exchange risk, credit spread risk, equity risk,權風險，商品風險和波動的風險。 commodity risk and volatility risk.
本集團所用的風險值模型，主要以歷史模擬 The VaR models used by the Group are predominantly based on為基礎，並使用蒙特卡洛模擬作為參考。這 historical simulations, and Monte Carlo simulations are also used些模型從過往市場利率及價格推斷出未來可 as a reference. These models derive plausible future scenarios from能出現的情況並同時考慮到不同市場和比率 historical market rates and prices, taking into account the correlation之間的相關性，如利率和匯率。這些模型亦 of different markets and rates such as interest rates and foreign包括了嵌入式期權的風險承擔影響。 exchange rates. The models also incorporate the effect of embedded options of the underlying exposures.
144中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
市場風險模型的方法和特點（續） Methodology and characteristics of the market risk model (continued)風險值（續） Value at risk (continued)
本集團所採用的歷史模擬模型包括下列元 The historical simulation model used by the Group includes the素： following elements:
－潛在的市場走勢計算參照上兩年度的 – Potential market movements are calculated with reference to持倉交易組合及可供出售證券投資組 data from the previous two years for the trading portfolios and合的數據，包括歷史市場利率，價格 the AFS portfolios, including the historical market rates, prices和相關的波動。 and associated volatilities.
－對持倉交易組合，風險值是以99%的信 – For the trading portfolio, VaR is calculated with a99%心水平及以1天持有期為計算依據。 confidence level and for a one-day holding period.市場風險趨勢－2016年交易用途組合風險值 市場風險趨勢－2015年交易用途組合風險值
Trend in Market Risk— Trading Portfolio VaR in 2016 Trend in Market Risk— Trading Portfolio VaR in 2015 21 21
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12月份 Month 月份 Month
－對可供出售證券投資組合，風險值以 – For the AFS portfolio, VaR is calculated with a99% confidence99%的信心水平及以250天的持有期為 level and for a 250-day holding period.
計算依據。
市場風險趨勢－2016年可供出售證券的250天風險值 市場風險趨勢－2015年可供出售證券的250天風險值 Trend in Market Risk— AFS Portfolio 250 Days VaR in 2016 Trend in Market Risk— AFS Portfolio 250 Days VaR in 2015 800 800
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 910 11 12月份 Month 月份 Month
二零一六年報 145
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
市場風險模型的方法和特點（續） Methodology and characteristics of the market risk model (continued)風險值（續） Value at risk (continued)
－本集團定期利用回顧測試比較經調整 – The Group routinely validates the accuracy of its VaR model後的實際和假設每日損益結果，調整 for its trading portfolios through back-testing by comparing項目包括服務費和佣金，對照相應的 the actual and hypothetical daily profit and loss results,風險值的數字，用以定期驗證持倉交 adjusted for items including fees and commissions, against易盤的風險值模型的準確性。根據統 the corresponding VaR numbers. Statistically, the Group only計，本集團期望看到的是於一年時間 expects to see losses in excess of VaR1% of the time over a one-內，超過風險值的損失只有1%的時 year period. The actual number of excesses over this period can間。在此期間實際超出的數字，可以 therefore be used to gauge how well the model is performing.用來衡量這模型的表現。截至2016年 For the period from 1 January 2016 to 31 December 2016, there12月31日，回顧測試有一個例外發生 were one exceptions in the back-testing results (1 January 2015（2015年：有兩個例外發生），它相當 to 31 December 2015: two exception), which corresponds to於由香港金融管理局和國際巴塞爾原 the green zone specified by the HKMA and the international則所指定的綠色區域內。 Basel principles.
2016年本集團回顧測試模型的實際收益及虧損
The Group's actual profit and loss back testing model in 2016
25
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|歷史風險值 Hist VaR 實際收益|
|實際虧損 Actual Loss|

1 2 3 4 5 6 7 8 9 10 11 12 Month
2015年本集團回顧測試模型的實際收益及虧損
TheGroup’s actual profit and loss back testing model in 2015
25
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|歷史風險值 Hist VaR 實際收益|
|實際虧損 Actual Loss|

1 2 3 4 5 6 7 8 9 10 11 12
Month
146中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
市場風險模型的方法和特點（續） Methodology and characteristics of the market risk model (continued)風險值（續） Value at risk (continued)
雖然這種方法的風險值計算，在正常的市場 While VaR calculated using this approach can serve as a good guide條件下，可以作為一個很好的市場風險指 for market risk under normal market conditions, it has its limitations.引，但也有其局限性。例如，利用歷史數據 For example, the use of historical data as a proxy may not encompass作為一個代理可能無法涵蓋所有可能的潛在 all potential events and events beyond the99% confidence interval事件和未能考慮超出了99%的信心區間的事 are not considered. In order to mitigate such limitations, theMR&LM件。為了減輕這種限制，市場風險及流動性 provides the MRC with the stress test results reflecting potential建模提供市場風險委員會的壓力測試結果反 extreme events on the market risk exposures for the trading and AFS映了交易用途組合和可供出售證券組合的風 portfolios.
險情況可能出現的潛在的極端事件。
截至2016年12月31日止年度，本集團持倉 For the year ended 31 December 2016, the average daily mark-交易盤及基金投資之單日平均收益為港幣 to-market revenue from theGroup’s trading portfolio and fund784,000元（2015年：港幣1,924,000元），單日 investments was a gain ofHK$784,000 (2015: gain ofHK$1,924,000).平均收入標準誤差為港幣3,626,000元（2015 The standard deviation of the daily revenue wasHK$3,626,000 (2015:年：港幣3,372,000元）。下圖顯示截至2016 HK$3,372,000). The graphs below show the histograms of theGroup’s年及2015年12月31日止年度本集團按市價計 daily mark-to-market revenue for the years ended 31 December 2016值收入之單日分佈圖。 and 2015, respectively.
截至2016年12月31日止年度按市價計值收入之單日分佈圖 截至2015年12月31日止年度按市價計值收入之單日分佈圖 Histogram of daily mark-to-market revenue for year ended 31 December 2016 Histogram of daily mark-to-market revenue for year ended 31 December 2015 50 50
收入/虧損頻率 收入/虧損頻率 45
Profit and Loss Frequency Profit and Loss Frequency
40
40 40 syaD
syaD
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|31 30|
|24 2|
|1811|
|671 1 1|

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|313029|
|21|
|11|
|6231 1|

-22 -20 -18 -16 -14 -12 -10 -8 -6 -4 -2 0 2 4 6 8 10 12 14 16 18 20 22 -22 -20 -18 -16 -14 -12 -10 -8 -6 -4 -2 0 2 4 6 8 10 12 14 16 18 20 22收入（港幣百萬元） 收入（港幣百萬元）
Revenue(HK$ million) Revenue(HK$ million)
二零一六年報 147
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
市場風險模型的方法和特點（續） Methodology and characteristics of the market risk model (continued)風險值（續） Value at risk (continued)
下表顯示了交易賬冊和可供出售證券組合的 The tables below show the VaR statistics for the trading book and AFS風險值統計數字： portfolio:
持倉交易盤的市場風險－一天風險值99%
Market Risk for the Trading Portfolio– 1-day VaR99%
2016 2015
最高 最低 平均截至12月31日 最高 最低 平均截至12月31日 Maximum Minimum Mean At 31 December Maximum Minimum Mean At 31 December港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000外匯風險 Foreign exchange risk 10,209 1,736 5,750 5,218 15,307 933 6,246 6,006利率風險 Interest rate risk 18,777 1,839 9,203 7,535 8,379 1,635 4,802 5,058風險價值總額 Total VaR 17,834 5,456 10,241 8,548 16,251 2,618 8,381 7,685可供出售證券組合的市場風險
Market Risk for the AFS Portfolio
2016 2015
最高 最低 平均截至12月31日 最高 最低 平均截至12月31日 Maximum Minimum Mean At 31 December Maximum Minimum Mean At 31 December港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000利率風險 Interest rate risk 716,878 454,445 567,496 516,111 666,262 389,857 478,257 533,823信貸利差風險 Credit spread risk 695,030 357,681 568,628 652,742 438,153 244,392 355,759 352,797250天風險價值總額 Total 250-day VaR 651,859 426,344 575,259 548,314 563,371 340,291 423,619 434,883壓力測試 Stress testing
壓力測試的實施是為減輕風險值模型的弱點 Stress testing is implemented to mitigate the weaknesses in the VaR影響，以涵蓋遙遠但可能發生的事件。本集 model in order to capture remote but plausible events. The Group uses團對下列情況進行市場風險壓力測試： the following scenarios for market risk stress testing:
－敏感性分析情況，以考慮未能被風險 – sensitivity scenarios, which consider the impact of any single值模型涵蓋的任何一個風險因素或一 risk factor or a set of factors that are unlikely to be captured by組因素的影響； the VaR model.
－歷史情況，其中包含以前受壓力期間 – historical scenarios, which incorporate the historical observation不能被風險值模型涵蓋的歷史觀察市 of market moves during previous stress periods which would場走勢，如信貸危機情況對估值的影 not be captured by the VaR model, such as the impact on響； valuation under the crisis scenario.
148中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
市場風險模型的方法和特點（續） Methodology and characteristics of the market risk model (continued)壓力測試（續） Stress testing (continued)
壓力測試結果需向市場風險委員會匯報，該 Stress testing results are reported to the MRC, which provides an委員會就這類事件的結果將對本集團的損益 assessment of the financial impact that such events would have on表和儲備的財務影響作出了評估計算。2016 theGroup’s income statement and reserve. The daily losses for the年交易用途組合每天虧損及可供出售證券組 trading portfolio and the yearly negative reserve impact for the AFS合的年均負儲備影響均在壓力測試虧損預警 portfolios experienced in 2016 were below the stress loss alerts and指標和限額之下。 limits.
信用差價風險 Credit spread risk
除了利率風險和極端的市場波動外，於金融 In addition to interest rate risk and extreme market volatility, a危機期間的信貸利差顯著擴闊，亦將會嚴重 significant widening of credit spread such as in financial crisis影響了對可供出售證券組合的估值。此外， situation would have a heavy negative impact on the valuation of極端的市場環境下，取得的某些非頻密交 the AFS portfolios. Also, the extreme market conditions would make易的證券的市場價格，在一定程度上較不可 the availability of market prices for some of the securities infrequent,靠，這亦進一步增加了可供出售證券組合估 and to a certain extent, less reliable, which would further increase值的挑戰和複雜性。 the challenge and complexity for portfolio valuation of some of the securities in the AFS portfolio.
為了加強對可供出售組合的風險監控，本集 In the risk control of the AFS portfolios, the Group has a risk團已建立了一個風險管理框架，將估計期權 management framework that enables the estimation of the fair調整利差的公允價值，用於計算流動性不足 value of option adjusted spreads in order to calculate the fair value的證券的公允價值，此外，還有計算250天 of illiquid securities. In addition, the framework consists of a 250-信貸差的風險值、信貸差的風險敏感度統 day credit spread VaR, credit spread sensitivity risk statistics, stress計、壓力測試以及有限額結構和早期預警 testing, and a limit structure and early alert indicators. The objective指標。選擇250天信貸利差的風險統計，目 for choosing the 250-day credit spread VaR statistics is to measure the的在於量度對本集團每年儲備潛在的負面影 potential adverse impact on theGroup’s reserve on an annual basis.響。
外匯風險 Currency risk
本集團的外匯風險源自本集團及海外分行和 TheGroup’s foreign exchange risk stems from taking foreign附屬公司的商業交易、外匯證券投資及營 exchange positions from commercial dealings, investments in foreign運的外匯買賣盤。本集團的外匯買賣盤限額 currency securities, and operations of the Group and its overseas均須經由市場風險委員會核准。用以量度 branches and subsidiaries. TheGroup’s foreign exchange positions are外匯風險的指標包括個別貨幣和整體持倉 subject to exposure limits approved by the MRC. Methods adopted金額以及敏感度如希臘指標（適用於外匯期 to measure foreign currency risk exposure against corresponding權）。截至2016年12月31日止年度，本集團 limits include individual currency positions, overall foreign exchange的外匯買賣賣盤的平均單日損益為溢利港幣 positions and sensitivities such as Greeks (for foreign exchange429,000元（2015年：溢利港幣1,499,000元） options). For the year ended 31 December 2016, theGroup’s average及其標準誤差為港幣4,218,000元（2015年： daily trading profit and loss from foreign exchange positions was a港幣4,731,000元）。 profit ofHK$429,000 (2015: profit ofHK$1,499,000) with a standard deviation ofHK$4,218,000 (2015:HK$4,731,000).
二零一六年報 149
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
外匯風險（續） Currency risk (continued)
於結算日的重大外匯風險如下︰ Significant foreign currency exposures at the end of the reporting period were as follows:
2016 2015
相等於 Equivalent in 美金 人民幣 其他貨幣 總額 美金 人民幣 其他貨幣 總額港幣千元 HK$’000 USD RMB Others Total USD RMB Others Total現貨資產 Spot assets 114,088,679 22,567,587 21,109,286 157,765,552 111,198,523 38,183,176 21,605,506 170,987,205現貨負債 Spot liabilities (100,045,764) (23,601,752) (18,447,495) (142,095,011) (76,375,425) (48,600,920) (14,800,852) (139,777,197)遠期買入 Forward purchases 136,317,842 82,003,097 22,741,690 241,062,629 194,529,305 149,392,813 18,648,643 362,570,761遠期賣出 Forward sales (147,252,316) (81,995,171) (25,026,979) (254,274,466) (230,469,964) (138,031,495) (25,149,766) (393,651,225)期權盤淨額 Net options position (1,864,206) 2,126,441 (281,536) (19,301) 4,153,786 (3,702,140) (470,109) (18,463)長╱（短）盤淨額 Net long/(short) position 1,244,235 1,100,202 94,966 2,439,403 3,036,225 (2,758,566) (166,578) 111,081結構盤淨額 Net structural position – 668,583 48,530 717,113 – 708,052 48,526 756,578期權盤淨額是按照金管局所核准的模式使用 The net option position is calculated using the Model User Approach,者法計算。 which has been approved by the HKMA.
外匯風險敏感度分析 Sensitivity analysis on foreign exchange exposures
(i) 於2016年12月31日，如港幣兌美元以 (i) At 31 December 2016, if the HKD had weakened by10%外的其他貨幣貶值10%並假設其他所有 against other currencies (other than the USD) with all other參數不變，本年度本集團之除稅後溢 variables held constant, theGroup’s profit after tax for the year利將增加港幣99,797,000元（2015年： would have been higher byHK$99,797,000 (2015: lower by減少港幣244,249,000元），主要由於非 HK$244,249,000), mainly as a result of foreign exchange gains港幣計值的金融資產之匯兌溢利補償 on the translation of non-HKD denominated financial assets了非港幣計值的金融負債之匯兌虧損。 compensated by foreign exchange losses on the translation of non-HKD denominated financial liabilities.
相反地，如港幣兌美元以外的其他 Conversely, if the HKD had strengthened by10% against other貨幣升值10%並假設所有其他參數不 currencies (other than the USD) with all other variables held變，本年度本集團之除稅後溢利將減 constant, theGroup’s profit after tax for the year would have少港幣99,797,000元（2015年：增加港 been lower byHK$99,797,000 (2015: higher byHK$244,249,000).幣244,249,000元）。
(ii)本集團所承受之貨幣風險主要源自以 (ii) The Group is exposed to currency risks arising from financial美元計值的財務工具（不包括人民幣 instruments that are denominated in USD, excluding structural600,000,000元及澳門幣50,000,000元的 foreign exchange positions of RMB600,000,000 and MOP結構性外匯持倉）。由於美元與港幣掛 50,000,000. As the USD is pegged to the HKD, the Group鈎，本集團認為美元與港幣匯率變動 considers the risk of movements in exchange rates between the而引致的貨幣風險對本集團沒有重大 HKD and the USD to be insignificant.
的影響。
150中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
利率風險 Interest rate risk
本集團的利率風險承擔主要來自銀行賬冊及 The Group has interest rate risk exposures from both its banking and自營買賣賬冊。本集團的資產及負債委員 trading books. TheGroup’s ALCO oversees banking book interest會負責監控銀行賬冊由其資產及負債利率組 rate risk arising from the interest rate profile of theGroup’s assets合產生的利率風險。銀行賬冊之利率風險是 and liabilities. The interest rate risk in the banking book is caused by由於受到重新定價風險、息率基點風險、收 repricing risks, basis risks among different interest rate benchmarks,益率曲線變動和內含期權風險（如有）而產 yield curve movements and risks from embedded options, if any. The生的。本集團對銀行賬冊之利率風險管理是 Group’s management of the interest rate risk in the banking book根據「利率風險管理政策－銀行賬冊」的指 is governed by the Interest Rate Risk Management Policy for the引。財資及環球市場部根據此政策來管理銀 Banking Book. Moreover, the Central Treasury unit of TMG manages行賬冊之利率風險。 the interest rate risk in the banking book according to the policy.為減低利率風險，本集團使用了利率衍生工 To mitigate interest rate risk, the Group has used interest rate具（尤其是利率掉期）來對可供出售證券及 derivatives, especially interest rate swaps, to hedge both assets and非交易用途負債等資產及負債進行對沖。本 liabilities such as AFS and non-trading liabilities (“NTL”). The Group has集團亦採納了對沖會計原則，將可供出售證 also adopted hedge accounting principles, under which the fair value券╱非交易用途負債的公允價值變動，與 changes of the AFS/NTL and the corresponding fair value changes of相應對沖衍生工具的公允價值變動互相抵 the hedging derivative instruments offset each other.
銷。
本集團的市場風險委員會負責監控本集團 TheGroup’s MRC oversees interest rate risk arising from the interest的交易盤的利率組合所帶來的利率風險， profile of theGroup’s trading portfolio. TheGroup’s management本集團對交易賬冊之利率風險管理是根據 of the interest rate risk in the trading book is guided by the Market「市場風險政策」的指引。本集團主要以基 Risk Policy. The Group mainly uses the present value of a basis point點現值變動計量其持倉交易盤之利率風險。 movement and VaR to measure its interest rate risk exposure in the截至2016年12月31日止年度，本集團涉及 trading book. For the year ended 31 December 2016, theGroup’s利率風險的買賣之平均單日損益為收益港 average daily trading profit and loss from interest rate positions was a幣355,000元（2015年：港幣425,000元）及其 profit ofHK$355,000 (2015:HK$425,000), with a standard deviation of標準誤差為港幣2,427,000元（2015年：港幣 HK$2,427,000 (2015:HK$4,368,000).
4,368,000元）。
二零一六年報 151
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
利率風險（續） Interest rate risk (continued)
利率風險敏感度分析 Sensitivity analysis on interest rate exposures
本集團每季均採用利率風險承擔敏感度分析 The Group measures the interest rate risk of the banking book by來量度銀行賬冊之利率風險。在這敏感度 conducting a sensitivity analysis of the interest rate exposure on a分析中，利率變動對本集團盈利之潛在影響 quarterly basis. In the sensitivity analysis, the potential impacts of是根據以下假設而作出：對於所有資產和負 movements in interest rates on theGroup’s earnings are assessed債，三種主要貨幣（港幣、人民幣及美元） assuming that the interest rates of three major currencies (HKD,之利率將於下次利率重訂日（相對應時間的 RMB and USD) will rise by 200 basis points on the repricing dates中間點）上調200個基點。因應現時利率處 (the midpoint of the corresponding time bands) of each asset and於低水平，本集團因而並不預期該三種貨幣 liability. Nevertheless, the Group does not expect the interest rates of將會與利率重訂日會下調200個基點。此評 these three major currencies to decrease by 200 basis points on the估已包括資產負債表表內與表外項目的影 repricing dates because of the current low level of interest rates. The響。 impacts on both the on- and off-statement of the financial position items are included in the assessment.
2016 2015港元 人民幣 美元 港元 人民幣 美元相等於港幣千元 Equivalent inHK$’000 HKD RMB USD HKD RMB USD倘利率上調200個基點 Impact on earnings over the next
對未來12個月的 12 months if interest rates rise
盈利影響 by 200 basis points 311,482 (92,545) (27,577) 177,654 24,553 6,759倘利率上調200個基點 Impact on economic value if interest
對經濟價值的影響 rates rise by 200 basis points 13,427 35,942 571,177 108,990 18,589 400,908依據資產及負債的利率風險資料作出的敏感 This sensitivity analysis, which is based on an interest rate risk profile度分析僅用於風險管理的目的，有關分析乃 of assets and liabilities, is used for risk management purposes only.根據以下假設進行： The analysis is based on the following assumptions:
(i) 收益率曲線及利率出現平行移動； (i) There is a parallel shift in the yield curve and in interest rates. (ii)組合併無其他變動； (ii) There are no other changes to the portfolio.
(iii)假設沒有提早償還貸款，因大部份貸 (iii) No loan prepayment is assumed as the majority of loans are on款屬於浮息貸款； a floating rate base.
(iv)假設沒有固定到期日的存款於翌日再 (iv) Deposits without fixed maturity dates are assumed to be定息。 repriced the next day.
利率上調而導致本集團淨利息收入及經濟價 Actual changes in theGroup’s net interest income and the economic值的實際變動與該敏感度分析的結果可能有 value resulting from the increase in interest rates may differ from the所不同。 results of this sensitivity analysis.
152中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
利率風險（續） Interest rate risk (continued)
下表顯示於結算日的計息資產及負債的預期 The following tables indicate the mismatches of the expected next下個重訂息率日期（或到期日，以較早者為 repricing dates (or maturity dates, whichever are earlier) for the準）之錯配。 interest bearing assets and liabilities at the end of the reporting period.
2016
3個月內
（包括逾期）3個月以上 1年以上
3 months 至1年 至5年 非計息 or less Over Over 5年以上 Non-總額 (including 3 months 1 year Over interest Total overdue) to 1 year to 5 years 5 years bearing港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000資產 Assets
現金及在銀行、中央銀行 Cash and balances with banks, central
及其他金融機構的結存 banks and other financial institutions 27,540,433 27,196,660 – – – 343,773在銀行、中央銀行及其他 Placements with and advances to banks,
金融機構的存款及墊款 central banks and other financial
institutions 22,889,713 20,486,490 2,403,223 – – –交易用途資產 Trading assets 5,581,720 452,006 176,791 692,954 – 4,259,969客戶貸款及墊款及 Loans and advances to customers and
其他賬項 other accounts 191,286,538 163,883,063 16,441,680 1,263,069 6,931 9,691,795可供出售證券 Available-for-sale securities 58,204,271 23,202,930 16,504,459 15,810,998 2,586,152 99,732非計息資產 Non-interest bearing assets 914,280 – – – – 914,280資產總額 Total assets 306,416,955 235,221,149 35,526,153 17,767,021 2,593,083 15,309,549負債 Liabilities
銀行及其他金融機構的 Deposits and balances of banks and
存款及結存 other financial institutions 5,256,660 3,622,130 227,753 – – 1,406,777客戶存款 Deposits from customers 235,574,700 204,607,360 20,761,208 151,679 – 10,054,453交易用途負債 Trading liabilities 3,996,444 – – – – 3,996,444已發行存款證 Certificates of deposit issued 10,593,445 6,400,275 4,193,170 – – –債務資本 Loan capital 8,705,837 – 2,308,602 6,397,235 – –其他負債 Other liabilities 10,138,928 416,816 – – – 9,722,112非計息負債 Non-interest bearing liabilities 196,925 – – – – 196,925負債總額 Total liabilities 274,462,939 215,046,581 27,490,733 6,548,914 – 25,376,711利率敏感度差距 Interest rate sensitivity gap 20,174,568 8,035,420 11,218,107 2,593,083
二零一六年報 153
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(b)市場風險管理（續） (b) Market risk management (continued)
利率風險（續） Interest rate risk (continued)
2015
3個月內
（包括逾期）3個月以上 1年以上
3 months 至1年 至5年 非計息 or less Over Over 5年以上 Non-總額 (including 3 months 1 year Over interest Total overdue) to 1 year to 5 years 5 years bearing港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000資產 Assets
現金及在銀行、中央銀行 Cash and balances with banks, central
及其他金融機構的結存 banks and other financial institutions 20,322,734 20,094,179 – – – 228,555在銀行、中央銀行及其他 Placements with and advances to banks,
金融機構的存款及墊款 central banks and other financial
institutions 30,390,640 26,660,315 3,730,325 – – –交易用途資產 Trading assets 4,277,539 115 104,971 107,741 – 4,064,712客戶貸款及墊款及 Loans and advances to customers and
其他賬項 other accounts 173,479,925 154,125,548 13,465,092 638,419 11,375 5,239,491可供出售證券 Available-for-sale securities 53,151,487 27,876,147 7,067,528 15,207,671 2,901,178 98,963非計息資產 Non-interest bearing assets 912,643 – – – – 912,643資產總額 Total assets 282,534,968 228,756,304 24,367,916 15,953,831 2,912,553 10,544,364負債 Liabilities
銀行及其他金融機構的 Deposits and balances of banks and
存款及結存 other financial institutions 2,658,301 1,421,803 – – – 1,236,498客戶存款 Deposits from customers 220,683,709 183,144,689 28,221,222 436,658 – 8,881,140交易用途負債 Trading liabilities 3,555,614 – – – – 3,555,614已發行存款證 Certificates of deposit issued 10,388,272 2,874,891 7,329,004 184,377 – –債務資本 Loan capital 8,766,217 – – 8,766,217 – –其他負債 Other liabilities 12,365,023 2,203,892 – – – 10,161,131非計息負債 Non-interest bearing liabilities 63,627 – – – – 63,627負債總額 Total liabilities 258,480,763 189,645,275 35,550,226 9,387,252 – 23,898,010利率敏感度差距 Interest rate sensitivity gap 39,111,029 (11,182,310) 6,566,579 2,912,553
154中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理 (c) Liquidity risk management
流動性風險乃指本集團不可能在提供資金以 Liquidity risk is the risk that the Group may not be able to fund應付資產增加或履行到期債務時而不須承受 an increase in assets or meet obligations as they fall due without不可接受之損失的風險。流動資金的融資風 incurring unacceptable losses. Such funding liquidity risk arises from險是由於本集團管理的資產和負債的期限出 the maturity mismatch of the assets and liabilities that the Group現錯配。市場流動性風險是指於異常或受壓 manages. Market liquidity risk is a risk that occurs when additional的市場情況下出售持倉而產生額外費用的風 costs are involved in disposing of a position in the market under險。在這條件下，其買入及賣出價範圍比在 abnormal or stressed market conditions. Under these conditions, the正常的市場條件下相差甚遠和極端地缺乏買 bid-ask spreads for the position are much wider than usual or there家，本行將需支付額外費用以出售持倉。 could even be an extreme lack of buyers. As a result, the Bank will incur extra costs to dispose of the position.
流動性風險管理框架包括： The liquidity risk management framework is as follows:
－本集團的流動性風險管理，乃受資產 – The management of theGroup’s liquidity risk is governed by及負債委員會認可並經信貸及風險管 the Liquidity Management Policy, approved by the ALCO and理委員會批准的流動性風險管理政策 endorsed by the CRMC.
監管。
－信貸及風險管理委員會獲董事會授 – The CRMC is delegated by the Board of Directors to oversee the權，負責監察本集團的流動性風險管 Group’s liquidity risk management. Its main responsibilities are理，其主要責任在於檢討及批核政 to review and approve policies, set strategies, and define risk策，制定策略，界定風險取向及可接 appetite and tolerance limits.
受的風險水平限額。
－資產及負債委員會獲信貸及風險管理 – The ALCO is established by the Chief Executive Officer and委員會授權，負責制定及執行政策， approved by the CRMC as the governing body responsible for策略，指引及限額架構。此外，亦負 formulating and implementing policies, strategies, guidelines責識別、計量及監管流動性風險狀 and limit structures. It also identifies, measures and monitors況，以確保能應付現在及將來之資金 theGroup’s liquidity risk profile to ensure current and future需求。資產及負債委員會監控一套風 funding requirements are met. In addition, the ALCO monitors險指標以管理流動性風險。風險管理 a set of risk indicators for liquidity risk. Daily liquidity stress部會每日進行流動性壓力測試，其中 testing, which includes general market, institution-specific包括整體市場，特定機構組合和合併 and combined (general market and institution- specific) stress（整體市場和特定機構）壓力情景，並 scenarios, is conducted by the Risk Management Group, and由資產及負債委員會審閱，以評估風 the stress results are regularly reviewed by the ALCO to assess險承受能力水平和流動性緩衝水平。 the current risk tolerance level and the level of the liquidity此外，建立了一項資金應變計劃，為 cushion. A Contingency Funding Plan is established which sets此列明解決流動性風險情況下的策 out the strategies for addressing liquidity stress situations. The略。該計劃包括一系列的政策，程序 plan contains a set of policies, procedures and action plans, with及行動計劃，以及明確責任分工，調 clearly established lines of responsibility, as well as invocation用和升級程序。該計劃並由資產及負 and escalation procedures. This plan is reviewed and approved債委員會定期審閱及批核。 by the ALCO on a regular basis.
二零一六年報 155
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理（續） (c) Liquidity risk management (continued)
－日常流動性管理由資金營運中心負 – Daily liquidity management is managed by the Central Treasury責，監控資金需求，並由包括財務管 Unit to monitor funding requirements. This unit is supported理部和風險管理部在內的其他相關部 by other functional departments including the Financial門協助監管流動性風險和定期向管 Management Group and Risk Management Group, which理層，委員會和地方監管機構提供報 monitor the liquidity risk and provide regular reports to the告。在不同的時間段下設置現金流量 management, committees and local regulatory bodies. Limits淨額限制，以確保有足夠資金和流動 for net cash flow per different time bucket under normal and資產能滿足資金流動性需求。此外， stress scenarios have been set to ensure that adequate funding其他流動性風險指標的限制或觸發設 and liquid assets are available to meet liquidity needs. Moreover,置或警報已設置，例如流動性維持比 limits, triggers or alerts are set for other liquidity risk indicators率和貸存比率。數量化和素質化計算 such as the liquidity maintenance ratio and loan-to-deposit方式均被採用以衡量和確定市場流動 ratio. Both quantitative and qualitative measures are employed性風險。財務管理部或風險管理部負 to identify and measure market liquidity risk. Limits and alert責監察及定期報告相關於市場和資金 levels related to market and funding liquidity risk are monitored流動風險的限制和警報水平，並由資 and reported by the Financial Management Group or Risk產及負債委員會作出審查和批准。內 Management Group to the ALCO to review and approve on a部審計部門會定期作出檢討，確保流 regular basis. The Audit Department performs periodic reviews動性風險管理功能得以有效執行。 to ensure liquidity risk management functions are carried out effectively.
流動性管理於本集團及銀行層面、各海外分 Liquidity management is conducted at the Group and the Bank行及附屬公司進行。財務附屬公司及海外 levels, and at individual overseas branches and subsidiaries. Financial分行會按照資產及負債委員會訂立之框架及 subsidiaries and overseas branches are responsible for implementing當地監管機構之要求，執行其流動性管理政 their own liquidity management policies under the framework策。資產及負債委員會亦會一併監控其流動 established by the ALCO and local regulatory requirements, taking性情況。對於提供資金予海外分行及附屬公 into account their different liquidity risk characteristics. The liquidity司，本集團亦設立政策和交易對手限額。本 situation of overseas branches and subsidiaries falls under the集團期望各部門透過與存款人、客戶、銀行 overall supervision of the ALCO. Policy and respective counterparty同業、關聯公司及金管局建立並維持良好的 limits are set for overseas branches and subsidiaries in respect of關係，為銀行無論在正常和偶然性情況下 the funding support extended from the head office. The Group均能夠成功、有效地管理流動資金而作出貢 expects all business units to contribute to the success of managing獻。 liquidity under normal and contingency situations by maintaining a rapport with depositors, customers, interbank counterparties, related companies and the HKMA.
156中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理（續） (c) Liquidity risk management (continued)
流動性管理之目標為履行於正常及緊急情況 The objective of liquidity management is to meet obligations payable下到期之債務，提供資金以應付資產增長與 under normal and emergency circumstances, to fund asset growth及符合法定之流動性維持比率。為此，本集 and to comply with the statutory liquidity maintenance ratio. To團有以下之流動性管理程序： achieve this, the following liquidity management processes are in place:
－在正常及壓力情景下估算現金流量， – Projecting cash flows in normal and various stress scenarios,利用資產負債錯配淨缺口評估預期資 using the net mismatch gap between assets and liabilities to金需求 estimate the prospective net funding requirement－在正常及壓力情景下計入潛在不可撤 – Factoring potential drawdown on irrevocable committed銷的信貸承諾提取，以應付或有流動 facilities into our normal and stress scenarios to cater for性風險 contingent liquidity risk
－按照內部及╱或監管機構的規定，監 – Monitoring the liquidity maintenance ratio, loans-to-deposit控流動性維持比率，貸存比率及期限 ratios and maturity mismatch ratio against internal and/or錯配比率 regulatory requirements
－藉監控存款組合之結構、穩定性及核 – Ensuring a sound and diversified range of funding sources,心水平，以確保穩健及多元化之資金 through monitoring the structure, the stability and the core來源 level of the deposit portfolio
－定期預測短期至中期之流動性維持比 – Projecting the liquidity maintenance ratio regularly for the short率，以至能及早察覺流動性問題，並 to medium term to permit early detection of liquidity issues and確保比率在法定要求及內部預警之內 to ensure the ratio is within statutory requirements and internal triggers
－於每年預算過程中，預測資金需求及 – Projecting a high-level funding requirement and funding資金結構，以確保充足資金及適當資 structure during the annual budget process to ensure sufficient金組合 funding and an appropriate funding mix
－在新產品業務推出前，須先進行潛在 – Conducting liquidity risk assessment before launching a new的流動性風險評估程序 product
－為應付無法預測之資金需求，本集團 – Maintaining high quality liquid assets comprising cash and持有優質流動資產，包括現金及具投 investment grade securities as a cushion against unexpected資評級之證券。另外，本集團參照法 funding needs. The amount of high quality liquid assets that the定要求和流動性壓力測試結果，而決 Group maintains is determined with reference to the statutory定持有優質流動資產的數量 requirement and the results of the liquidity stress tests
二零一六年報 157
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理（續） (c) Liquidity risk management (continued)
－持續使用同業拆借市場 – Maintaining access to the interbank money market－定期維持各項融資計劃以支持債務融 – Maintaining a funding programme to tap debt funding on a資 regular basis
－維持本集團的抵押品要求。定期評估 – Monitoring theGroup’s collateral requirement. Periodically和審查於信用降級時所需的額外抵押 assess and review the additional collateral required under credit品。按2016年12月31日的狀況，在評 downgrade events. Based on the positions at 31 December級遭降2個級別的情況下，對本集團需 2016, in the event of a 2-notch downgrade, the impact on the要額外抵押品要求的影響輕微 Group’s additional collateral requirement is minimal－維持應變融資計劃，其中集合壓力測 – Maintaining a contingency funding plan, which integrates試的情景和假設的結果，包括設定預 with the results of the scenarios and assumptions used in the警指標（包括內部及市場指標），並 stress test, including setting early warning indicators (including且描述若出現危機時應採取之相應行 internal and market indicators), and describing actions to be動，以將業務所受的任何長遠負面影 taken in the event of a stress crisis, so as to minimise adverse響減至最低。 long-term implications for business.
集團業務所需的資金來自多元化資金來源， The Group funds its operations through a diversified funding source,主要來自其零售及企業客戶的核心存款。與 primarily from the core retail and corporate customer deposits. At此同時，本集團亦積極從事批發融資業務， the same time, it also participates in wholesale funding through the透過發行存款證來取得穩定的資金來源。本 issuance of certificates of deposit (“CDs”) so as to secure a stable集團並定期監察存款之期限組合及債務到期 source of term funding. Deposit tenor mix and debt maturities日，以確保有一個適當的資金到期組合。 are regularly monitored to ensure there is an appropriate funding maturity mix.
本集團從2015年1月1日開始按銀行業（流動 The Group started monitoring the liquidity maintenance ratio as性）規則規定監測流動性維持比率，它取代 stipulated by the Banking (Liquidity) Rules from 1 January 2015, which了舊的框架所需要的流動資金比率。本集 superseded the liquidity ratio required by the old framework. An團時常維持適當的流動性維持比率，以確 appropriate level of liquidity maintenance ratio has been maintained保本集團有能力應付不利或無法預計的經 to ensure that the Group could handle sudden drains in market濟情況下所引致市場流動資金突然流失的 liquidity due to adverse or unexpected economic events. In 2016,情況。在2016年本集團的平均流動性維持比 theGroup’s average liquidity maintenance ratio was60.8% (for the率為60.8%（截至2015年12月31日止年度： year ended 31 December 2015:61.8%). The Group always maintains61.8%）。本集團經常持有充足現金和流動資 sufficient cash and liquid positions as well as a pool of high quality金及優質流動資產作為於緊急情景下可獲得 liquid assets as a liquidity cushion that can be liquidated in stress之緩衝資金。 scenarios.
158中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理（續） (c) Liquidity risk management (continued)
(i)根據餘下期間作出的資產及負債分析 (i) Analysis of assets and liabilities by remaining maturity以下到期日分析是以結算日至合約到 The following maturity profile is based on the remaining period期日的餘下期間為準。 at the end of the reporting period date to the contractual maturity date.
由於交易用途資產組合可能在到期前 As the trading portfolios may be sold before maturity, or出售，而客戶存款則可能在沒有提取 deposits from customers may mature without being withdrawn,的情況下到期，因此，合約到期日並 the contractual maturity dates do not represent the expected不代表預計獲得未來現金流量的日期。 dates of future cash flows.
2016
1個月以上3個月以上 1年以上
至3個月 至1年 至5年
3 months 1 year 5 years
即時償還 1個月內 or less or less or less 5年以上 無註明總額 Repayable Within but over but over but over Over 日期 Total on demand 1 month 1 month 3 months 1 year 5 years Undated港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000資產 Assets
現金及在銀行、中央銀行 Cash and balances with banks, central
及其他金融機構的結存 banks and other financial institutions 27,540,433 26,458,664 – – – – – 1,081,769在銀行、中央銀行及其他 Placements with and advances to
金融機構的存款及墊款 banks, central banks and other
financial institutions 22,889,713 – 6,663,169 13,803,935 2,422,609 – – –交易用途資產 Trading assets 5,581,720 4,258,891 170,724 280,825 176,901 693,301 – 1,078客戶貸款及墊款及 Loans and advances to customers
其他賬項 and other accounts 191,286,538 1,341,078 12,227,333 22,008,904 72,222,835 58,396,140 20,273,375 4,816,873可供出售證券 Available-for-sale securities 58,204,271 – 11,323,325 10,658,003 16,631,015 16,910,044 2,586,152 95,732可回收稅項 Tax recoverable 187 – – – 187 – – –無註明日期資產 Undated assets 914,093 – – – – – – 914,093資產總額 Total assets 306,416,955 32,058,633 30,384,551 46,751,667 91,453,547 75,999,485 22,859,527 6,909,545負債 Liabilities
銀行及其他金融機構的 Deposits and balances of banks and
存款及結存 other financial institutions 5,256,660 1,340,355 2,416,424 1,272,128 227,753 – – –客戶存款 Deposits from customers 235,574,700 68,240,590 60,100,353 84,046,888 23,035,189 151,680 – –交易用途負債 Trading liabilities 3,996,444 3,996,444 – – – – – –已發行存款證 Certificates of deposit issued 10,593,445 – 838,556 1,950,935 7,703,508 100,446 – –本期稅項 Current taxation 195,405 – – – 195,405 – – –其他負債 Other liabilities 10,138,928 – 1,849,287 1,811,635 2,070,550 891,443 – 3,516,013債務資本 Loan capital 8,705,837 – – – 2,318,117 6,387,720 – –無註明日期負債 Undated liabilities 1,520 – – – – – – 1,520負債總額 Total liabilities 274,462,939 73,577,389 65,204,620 89,081,586 35,550,522 7,531,289 – 3,517,533資產－負債差距 Asset-liability gap
(41,518,756) (34,820,069) (42,329,919) 55,903,025 68,468,196 22,859,527
二零一六年報 159
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理（續） (c) Liquidity risk management (continued)
(i)根據餘下期間作出的資產及負債分析 (i) Analysis of assets and liabilities by remaining maturity (continued)（續）
2016
1個月以上3個月以上1年以上
至3個月 至1年 至5年
3 months 1 year 5 years
即時償還1個月內 or less or less or less5年以上 無註明總額 Repayable Within but over but over but over Over 日期 Total on demand 1 month 1 month 3 months 1 year 5 years Undated港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000其中： Of which:
持有的存款證 Certificates of deposit held
－已計入可供出售證券 – included in available-
for-sale securities 15,922,277 – 1,673,112 5,670,032 8,182,340 396,793 – –債務證券 Debt securities
－已計入交易用途資產 – included in trading assets 1,321,751 – 170,724 280,825 176,901 693,301 – –－已計入可供出售證券 – included in available-
for-sale securities 29,074,574 – 1,804,479 1,309,320 6,861,372 16,513,252 2,586,151 – 30,396,325 – 1,975,203 1,590,145 7,038,273 17,206,553 2,586,151 –已發行存款證 Certificates of deposit issued
－已計入非交易用途 – included in non-trading
已發行債務證券 debt securities issued 10,593,445 – 838,556 1,950,935 7,703,508 100,446 – –
160中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理（續） (c) Liquidity risk management (continued)
(i)根據餘下期間作出的資產及負債分析 (i) Analysis of assets and liabilities by remaining maturity (continued)（續）
2015
1個月以上3個月以上 1年以上
至3個月 至1年 至5年
3 months 1 year 5 years
即時償還 1個月內 or less or less or less 5年以上 無註明總額 Repayable Within but over but over but over Over 日期 Total on demand 1 month 1 month 3 months 1 year 5 years Undated港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000資產 Assets
現金及在銀行、中央銀行 Cash and balances with banks, central
及其他金融機構的結存 banks and other financial institutions 20,322,734 19,497,228 – – – – – 825,506在銀行、中央銀行及其他 Placements with and advances to
金融機構的存款及墊款 banks, central banks and other
financial institutions 30,390,640 – 13,676,427 12,983,888 3,710,950 19,375 – –交易用途資產 Trading assets 4,277,539 4,063,223 – – 104,972 107,855 – 1,489客戶貸款及墊款及 Loans and advances to customers and
其他賬項 other accounts 173,479,925 7,436,056 17,203,299 22,207,059 57,219,401 47,306,695 20,032,579 2,074,836可供出售證券 Available-for-sale securities 53,151,487 – 6,061,956 19,828,798 7,877,265 16,387,328 2,901,178 94,962可回收稅項 Tax recoverable 33,114 – – – 33,114 – – –無註明日期資產 Undated assets 879,529 – – – – – – 879,529資產總額 Total assets 282,534,968 30,996,507 36,941,682 55,019,745 68,945,702 63,821,253 22,933,757 3,876,322負債 Liabilities
銀行及其他金融機構的 Deposits and balances of banks and
存款及結存 other financial institutions 2,658,301 1,224,132 1,075,188 358,981 – – – –客戶存款 Deposits from customers 220,683,709 56,845,356 67,657,425 67,288,712 28,455,557 436,659 – –交易用途負債 Trading liabilities 3,555,614 3,555,614 – – – – – –已發行存款證 Certificates of deposit issued 10,388,272 – 512,625 – 7,784,632 2,091,015 – –本期稅項 Current taxation 61,910 – – – 61,910 – – –其他負債 Other liabilities 12,365,023 – 575,050 1,034,500 1,414,002 – – 9,341,471債務資本 Loan capital 8,766,217 – – – – 8,766,217 – –無註明日期負債 Undated liabilities 1,717 – – – – – – 1,717負債總額 Total liabilities 258,480,763 61,625,102 69,820,288 68,682,193 37,716,101 11,293,891 – 9,343,188資產－負債差距 Asset-liability gap (30,628,595) (32,878,606) (13,662,448) 31,229,601 52,527,362 22,933,757
二零一六年報 161
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理（續） (c) Liquidity risk management (continued)
(i)根據餘下期間作出的資產及負債分析 (i) Analysis of assets and liabilities by remaining maturity (continued)（續）
2015
1個月以上3個月以上 1年以上
至3個月 至1年 至5年
3 months 1 year 5 years
即時償還 1個月內 or less or less or less 5年以上 無註明總額 Repayable Within but over but over but over Over 日期 Total on demand 1 month 1 month 3 months 1 year 5 years Undated港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000其中： Of which:
持有的存款證 Certificates of deposit held
－已計入可供出售證券 – included in available-
for-sale securities 12,375,180 – 1,884,026 5,978,789 3,904,679 607,686 – –債務證券 Debt securities
－已計入交易用途資產 – included in trading assets 212,827 – – – 104,972 107,855 – –－已計入可供出售證券 – included in available-
for-sale securities 22,261,330 – 863,438 651,226 2,065,847 15,779,641 2,901,178 – 22,474,157 – 863,438 651,226 2,170,819 15,887,496 2,901,178 –已發行存款證 Certificates of deposit issued
－已計入非交易用途 – included in non-trading
已發行債務證券 debt securities issued 10,388,272 – 512,625 – 7,784,632 2,091,015 – –
162中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(c)流動性風險管理（續） (c) Liquidity risk management (continued)
(ii)金融負債剩餘期限分析 (ii) Analysis of the residual contractual maturities of financial liabilities以下的剩餘期限分析顯示本集團的金 The following maturity profile shows the undiscounted cash融負債的最早可能的合約到期日之餘 flows of theGroup’s financial liabilities on the basis of their下期間為準的未折現現金流量。 earliest possible contractual maturity.
2016
1個月以上 3個月以上 1年以上至3個月 至1年 至5年現金流量總額 即時償還 1個月內 3 months 1 year 5 years 5年以上 Gross Repayable Within or less but or less but or less but Over cash flows on demand 1 month over 1 month over 3 months over 1 year 5 years港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000銀行及其他金融機構的 Deposits and balances of banks
存款及結存 and other financial institutions 5,270,341 1,340,355 2,418,966 1,281,734 229,286 – –客戶存款 Deposits from customers 236,467,871 68,240,590 60,248,353 84,403,210 23,416,994 158,724 –已發行存款證 Certificates of deposit issued 10,748,944 – 845,306 1,993,068 7,809,851 100,719 –債務資本 Loan capital 9,902,501 – – 45,075 2,777,702 7,079,724 –衍生金融工具 Derivative financial instruments 1,936,933 – 141,993 197,268 594,036 865,242 138,394 264,326,590 69,580,945 63,654,618 87,920,355 34,827,869 8,204,409 138,394 2015
1個月以上 3個月以上 1年以上至3個月 至1年 至5年現金流量總額 即時償還 1個月內 3 months 1 year 5 years 5年以上 Gross Repayable Within or less but or less but or less but Over cash flows on demand 1 month over 1 month over 3 months over 1 year 5 years港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000銀行及其他金融機構的 Deposits and balances of banks
存款及結存 and other financial institutions 2,673,470 1,224,132 1,085,875 363,463 – – –客戶存款 Deposits from customers 221,785,733 56,845,356 67,823,836 67,736,773 29,362,947 16,821 –已發行存款證 Certificates of deposit issued 10,562,435 – 518,699 11,298 7,911,537 2,120,901 –債務資本 Loan capital 10,392,448 – – 45,048 450,961 9,896,439 –衍生金融工具 Derivative financial instruments 2,040,603 – 328,805 286,586 346,709 986,204 92,299 247,454,689 58,069,488 69,757,215 68,443,168 38,072,154 13,020,365 92,299
二零一六年報 163
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(d)資本管理 (d) Capital management
本集團管理資本主要有以下目的： TheGroup’s primary objectives when managing capital are:－於本集團有營運業務之所在國家中， – to comply with the capital requirements set by the banking符合有關銀行監管機構的資本監管要 regulators in the markets where the entities within the Group求 operate;
－維持雄厚的資本基礎以支持其業務發 – to maintain a strong capital base to support the development展，以及 of its business; and
－維護本集團持續經營的能力，以持續 – to safeguard theGroup’s ability to continue as a going concern,為股東提供回報及為其他相關持份者 so that it can continue to provide returns for shareholders and提供效益。 benefits for other stakeholders.
金管局設定及監控本集團整體的資本要求， The HKMA sets and monitors capital requirements for the Group as而各經營銀行業務的子公司則直接受其當 a whole. An individual banking subsidiary is directly regulated by its地銀行監管機構所監管。金管局要求本集 local banking supervisor. The HKMA requires that the Group maintain團須維持三個最低風險加權資本比率，包 three prescribed minimum risk-weighted capital ratios: Common括普通股權一級資本比率、一級資本比率 Equity Tier 1 (“CET1”) capital ratio, Tier 1 capital ratio and total capital及總資本比率。《2014年銀行業（資本）（修 ratio. In accordance with the Banking (Capital) (Amendment) Rules訂）規則》於2015年1月1日開始實施《巴塞 2014 which came into effect on 1 January 2015, the Basel III capital爾協定三》下的緩衝資本要求，包括防護緩 buffers, namely capital conservation buffer (“CCB”) which is designed衝資本（「CCB」）（其目的乃是確保銀行於受 to ensure that banks build up capital outside periods of stress and壓期以外備足資本），以及逆週期緩衝資本 countercyclical capital buffer (“CCyB”) which is built up during periods（「CCyB」）（其目的乃是在信貸過度增長時期 of excessive credit growth, came into operation. Such would be積存資本）。此兩項要求於2016年1月1日至 gradually phased in from 1 January 2016 to 1 January 2019. The HKMA2019年1月1日內分階段實施。金管局並已宣 announced a CCyB ratio for Hong Kong of0.625% from 1 January 2016布香港地區適用的CCyB，由2016年1月1日及 and1.25% from 1 January 2017. Basel III framework also introduced a2017年1月1日起分別為0.625%及1.25%。《巴 leverage ratio as a non-risk-based backstop limit, to supplement risk-塞爾協定三》框架下還引入了槓桿比率作為 based capital requirements. It provides for a parallel run period from非以風險為基礎的後備限額，以補充以風險 January 2013 to January 2017 and such parallel run will be used to為基礎的資本要求。《巴塞爾協定三》為執 assess whether the proposed minimum ratio of3% is appropriate,行此比率設定了由2013年1月至2017年1月止 with a view to migrating to a Pillar 1 requirement from 1 January 2018.的同步執行期，該同步執行期將被用於評估
3%的建議最低比率是否適宜，以便自2018
年1月1日起過渡至第一支柱規定。
本集團採用標準計算法以計算其在持倉交易 The Group adopts the standardised approach of calculating market盤的市場風險及信貸風險的風險加權，並採 risk in its trading portfolios and risk weightings for credit risk, and用基本指標計算法以計算業務操作風險。銀 the basic indicator approach for operational risk. Banking operations行業務以交易賬或銀行賬區分，而風險加權 are categorised as either trading or banking book, and risk-weighted資產則按各資產及表外資產風險承擔所反映 assets are determined according to specified requirements that seek的不同程度風險之相關要求來釐定。 to reflect the varying levels of risk attached to assets and off-balance sheet exposures.
164中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(d)資本管理（續） (d) Capital management (continued)
本集團積極及定期檢討和管理其資本結構， The Group actively and regularly reviews and manages its capital以在較高槓桿效益可能為股東帶來可觀回 structure to maintain a balance between the higher shareholder報與穩健的資本狀況所帶來的優點和安穩兩 returns that might otherwise be possible with greater gearing, and者之間取得平衡，並因應不同的經濟狀況調 the advantages and security afforded by a sound capital position,整資本結構。為符合金管局規定以風險為基 and makes adjustments to the capital structure in light of changes礎的資本充足要求，本集團進行內部資本充 in economic conditions. In order to comply with the risk-based足評估程序以評估第二支柱風險的資本需 supervisory framework of capital adequacy stipulated by the HKMA,求，因而計算於第一支柱及第二支柱下的資 the Group conducts ICAAP, which assesses the capital requirement本要求。此外，作為資本管理政策其中的一 for Pillar 2 risks and hence the capital requirement for Pillar 1 and 2部份以及確保本集團有充足資本基礎，本集 is derived. Moreover, as part of the capital management policy and團每年均進行資本規劃，當中考慮銀行整體 to ensure capital adequacy, the Group conducts capital planning策略重點、未來業務增長、風險偏好及監管 annually, which takes into account the strategic focus, future business要求。資本規劃亦包括按需要發行之資本工 growth, risk appetite and regulatory requirement. The plan covers具，以確保本集團的資本充足比率遠高於內 the issuance of capital instruments, if required, to ensure theGroup’s部的監控水平及監管要求。本集團並定期進 capital ratios are well above their respective internal monitoring levels行壓力測試，以確保在極端但有可能出現的 and regulatory requirement. Regular stress testing is performed to壓力情景下對風險和資本狀況的影響已被考 ensure that the impact of extreme but plausible scenarios on the risk慮。壓力測試同時為本集團提供了重大不利 profile and capital position is considered. Stress testing also gives an事件的潛在影響之見解，以及所需之相關補 insight into the potential impact of significant adverse events and救措施。 how these could be mitigated.
按照行業慣常做法，本集團以資本充足比率 Consistent with industry practice, the Group monitors its capital監控其資本結構。於年內，本集團的資本管 structure on the basis of the capital adequacy ratio. There have been理政策並無重大變動。 no material changes in theGroup’s policy on the management of capital during the year.
於2016年12月31日的資本充足比率乃是本集 The capital adequacy ratios at 31 December 2016 were computed on團根據金管局監管規定須包括若干附屬公司 the consolidated basis of the Group and some subsidiaries as specified於綜合基準上所計算，並符合香港《銀行業 by the HKMA for its regulatory purposes, and are in accordance with條例》下《銀行業（資本）規則》的規定。 the Banking (Capital) Rules of the Hong Kong Banking Ordinance.截至2016年及2015年12月31日止年度，本集 The Group and its individually regulated operations have complied團及其個別受監管的業務均一直遵守所有外 with all externally imposed capital requirements throughout the year部施加的資本要求，且有關資本比率遠高於 ended 31 December 2016 and 2015, and theGroup’s capital ratios are金管局要求的最低比率水平。 well above the minimum required ratios set by the HKMA.
二零一六年報 165
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(e)操作風險管理 (e) Operational risk management
操作風險管理的定義 Definition of operational risk
操作風險是因內部流程，人員及系統的不當 Operational risk is the risk of loss resulting from inadequate or failed或失誤，或其他外部作業相關事件，所造成 internal processes, people and systems or from external events.損失的風險。
管治架構 Governance framework
本集團已建立操作風險管理架構以識辨、評 The Group has established an Operational Risk Governance估、緩減、控制、監測及報告操作風險。操 Framework (“ORGF”) to identify, assess, mitigate, control, monitor作風險管理架構涵蓋本集團中的所有成員， and report operational risk. The ORGF encompasses every member並透過政策及指引記錄最低要求，以確保 within the Group and is governed by policies and guidelines which操作風險管理方式的一致性。操作風險管理 document the minimum requirements to ensure a consistent事項由董事會附屬的信貸及風險管理委員會 approach to manage operational risks. Operational risk management和由管理層領導的操作風險管理委員會所監 (“ORM”) relevant matters are under the oversight of the Credit& Risk管。操作風險管理計劃和工具的實施則由操 Management Committee (“CRMC”), a subcommittee of the Board作風險管理單位及各業務部門、支援部門的 of Directors, and the Operational Risk Management Committee高級管理層負責推行。 (“ORMC”), a committee led by management. Implementation of ORM plans and tools is driven by theGroup’s ORM department and senior management of business and support units.
操作風險的管理 Management of operational risk
日常操作風險相關事項由各業務部門、支援 Day-to-day operational risk management lies with our business and部門及其操作風險及控制管理主管協助部門 support units and the Operational Risk and Control Head (“ORCH”) of主管執行。 each unit assists the respective heads in this regard.
操作風險管理單位協助管理層理解及管理操 The ORM department assists management in meeting their作風險的責任，並確保本集團的操作風險 responsibility of understanding and managing operational risk and政策、流程及程序能一致地應用於集團各部 ensuring the development and consistent application of operational門。各業務部門及支援部門根據其所屬範圍 risk policies, processes and procedures throughout the Group.負責監察相關的操作風險及主要風險指標。 Business and support units are responsible for monitoring operational操作風險管理單位監察本集團的整體操作風 risks and tracking Key Risk Indicators in their areas. The ORM險水平及確保所有重大風險都能及時並準確 department monitors theGroup’s overall operational risk exposures地向操作風險管理委員會、信貸及風險管理 and ensures that all material risks are promptly and appropriately委員會及集團的高級管理層匯報，提請作出 escalated to the ORMC, CRMC and senior management of the Group關注。 for their attention.
稽核部定期對操作風險管理架構作出審查以 The Audit department examines and evaluates the adequacy and確保管理架構持續恰當有效。 control effectiveness of the ORGF on an ongoing basis.
166中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(e)操作風險管理（續） (e) Operational risk management (continued)
操作風險的管理（續） Management of operational risk (continued)
所有新入職員工必須完成操作風險網上培訓 A web-based learning programme on operational risks is required課程，在職員工亦必須進行年度的操作風險 for all new joiners and an annual refresher of ORGF is compulsory架構重溫。操作風險管理單位亦為全體員工 for all staff. Training workshops led by the ORM department are舉辦培訓班，以提高員工對操作風險的防範 offered to business and support units with the objectives of raising意識及熟習管理工具的運用，使在職員工更 operational risk awareness, familiarizing with the ORM tools and了解操作風險管理架構及其角色和責任。管 enrichingemployees’ understanding of the ORGF along with their理層的支持進一步加強了操作風險的認受性 roles, responsibilities and accountabilities. This is further reinforced和推動員工達致卓越的營運水平。 by strong, visible management support which encourages staff to embrace and pursue operational excellence.
所有外判活動及新產品均需進行風險評估。 Risk assessments are conducted on all outsourced activities and new products.
工具及方法 Tools and methodologies
本集團透過以下不同的工具和系統作識辨、 The Group identifies, assesses, monitors and reports on operational評估、監察及報告操作風險： risk through the ORM tools and systems as set out below:– 操作風險自我評估是用作識辨及評估 – Operational Risk& Control Self-Assessment (“RCSA”) is a tool to各風險級別、及其控制措施落實度的 identify and assess the level of risk and effectiveness of control.一種工具，按操作風險管理單位的指 RCSA has been rolled out across the business and major support引，該工具已於所有業務及主要支援 units under the guidance of the ORM department. RCSA部門推行。各部門的管理層委任負責 leaders are nominated by the management of each business人需從日常業務運作中識辨主要的風 and support unit to conduct self-assessments and identify key險因素。各風險因素是根據預期損失 risk factors in their daily business and support functions. Each及發生頻率進行的分析從而量化該因 key risk factor is assessed and quantified for financial impact,素帶來的財務損失。除財務損失的評 in terms of the estimated loss impact of each occurrence and估外，亦需考慮有關因素成為重大事 estimated number of occurrences. In addition to the financial件的可能性及影響的嚴重性評估其非 impact assessment, non-financial impacts including customer,財務影響，包括受影響客戶的數量、 regulatory and reputation impacts are also assessed taking into監管及聲譽影響。 considerations of both likelihood of the risk materializing and severity of the impact.
– 主要風險指標是一項透過分析不同的 – Key Risk Indicators (“KRIs”) are statistical metrics that take various風險因素，提供風險預警訊號予管理 risk factors into consideration and serve to provide early warning層監察及作出相關行動的統計工具。 signals formanagement’s monitoring and action. Through透過定期的主要風險指標監察，本集 regular monitoring of these KRIs, areas of potential operational團能及早識辨及應對潛在的業務監控 control weaknesses can be identified at an early stage and弱點。主要風險指標共分為兩個層 addressed promptly. KRIs are developed at two levels, namely面︰集團層面及部門層面。部門層面 the group and the unit level. Unit level KRIs are developed by的主要風險指標由各部門制定，以持 the respective units, and are monitored and tracked for progress續監測進度及相關改善計劃的完成情 towards completion of applicable mitigation plans. Thresholds況。各部門層面的主要風險指標限額 are established for each business unit/service support unit KRI是參照各業務╱支援單位部門可承受 by reference to thebusiness’ acceptable risk level for each risk
的風險程度而設定。 factor.
二零一六年報 167
Annual Report 2016
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(e)操作風險管理（續） (e) Operational risk management (continued)
工具及方法（續） Tools and methodologies (continued)
– 所有操作風險事件均記錄於命名為事 – Operational risk incidents are reported into a centralized故報告系統的操作風險損失數據資料 operational loss database called the Incident Reporting庫內。透過此系統，操作風險管理單 System (“IRS”). Through the IRS, the ORM department ensures位確保所有重要事件均已作出合理滙 all material operational risk incidents are registered, properly報及調查，並確保相關的糾正及預防 investigated, with corrective and preventive actions promptly措施已按照既定時間表執行。作為一 executed according to agreed timelines. The IRS data serves個中央數據資料庫，事故報告系統數 as a centralized database to produce regular reports for senior據會用於編製定期報告，報告須向高 management, ORMC and CRMC review of impact of significant級管理層、操作風險管理委員會、信 incidents and monitoring of the operational risk trends. An貸及風險管理委員會就重大的操作 escalation protocol is in place to ensure that operational risk風險事件，及監察操作風險趨勢作匯 incidents with significant impact are reported to the regulatory報。匯報機制的設立確保相關的內部 authorities, if deemed necessary. Lesser impact operational risk部門能及時得悉操作風險重大事故， events are also collected to assist trend analysis and provide a並能按需要迅速提交報告予監管機 more forward looking perspective of potential risk issues that構。影響較小的操作風險事件也進行 warrant for closer attention.
收集以協助趨勢分析和提供更具前瞻
性的視野以保證對潛在的風險問題進
行密切關注。
– 操作風險管理儀表板為管理層就主要 – Operational Risk Dashboard (“ORD”) provides management with操作風險事項其中包括但不限於操作 an overview of the key operational risk issues including but not風險自我評估進度及主要風險指標提 limited to the progress of the RCSA reviews and KRI evaluation供概覽。此儀表板每月呈交操作風險 results. This information is submitted to the ORMC monthly管理委員會，並每季呈交信貸及風險 and relevant summarized information is submitted to the管理委員會，作為集團風險管理報告 CRMC quarterly as part of the Group-wide Risk Status Update的一部份。集團風險管理報告亦反映 Report. The Group-wide Risk Status Update Report captures操作風險措施的執行情況，描述操作 the implementation status of ORM initiatives, contains analyses風險事件及損失的走勢分析，扼要論 on the trend of operational losses, highlights operational risk述重大事故及列出當報告時段內發生 incidents that have a material impact on the Group, and lists的事故。 incident details during the reporting period.
本集團會不斷優化及提升操作風險管理架構 The Group will continuously fine-tune and enhance its operational risk以配合市場發展。 management framework in line with industrial developments.本集團的長遠目標為推動一個具前瞻性、有 TheGroup’s long-term goal is to cultivate a proactive, responsible承擔和負責任的操作風險管理文化，持續穩 and accountable culture on ORM, and achieve operational excellence健地管理業務操作風險，以達致卓越營運的 through robust and continuous operational risk management.目的。
168中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
35金融風險管理（續） 35 Financial risk management (continued)
(f)法律風險管理 (f) Legal risk management
本集團緊貼所有適用於其管治及營運的最新 The Group remains abreast of all legal and regulatory requirements法律和監管規定，不斷致力培育員工，提 applicable to its governance and operations, and continuously升系統和程序，按需要推行必要的變動及建 seeks to develop its people, enhance its systems and processes, and立對這些要求的警覺意識。本集團定時進行 implement changes as necessary to meet the demands and create檢討，以確保本集團的政策和程序符合相關 awareness of such requirements. Regular reviews are conducted with最新的法律和監管的規定。若發佈新的或大 respect to theGroup’s policies and procedures to ensure the same幅修改政策和程序，相關培訓通常會隨之進 reflect the latest legal and regulatory requirements. Issuance of new or行。本集團亦設立了一項有力的程序以確保 substantially revised policies and procedures are often accompanied有效地認定，監測及緩解法律風險，如有發 by relevant training. There is a strong process in place to ensure legal生任何重大而相關於風險的未合規事件，法 and regulatory risks are identified, monitored and mitigated. Any律或合規部門會匯報予本行的審核委員會， significant matters that arise relating to such risks are reported as信貸及風險管理委員會及高級管理層。 appropriate by either the Legal or Compliance function to theGroup’s Audit Committee, the CRMC or senior management.
本行的法律部及合規部在本行的運作中扮演 The Legal Department (“Legal”) and Compliance Department著極為重要的角色，並為各部門提供法律與 (“Compliance”) have been key partners in the business, providing合規的意見及支援，並支援單位的合作，以 legal and compliance advice and support to all parts of the Group and確保維持相關的控制措施。在2016年，合規 working with business and support units to ensure relevant controls部積極參與新產品的推出及新業務的創立， are in place. In 2016, Legal and Compliance were actively involved重要的策略性交易及商業合約、外判合約、 in new product launches and new business initiatives, strategically以及為本集團處理其遍及不同地域及範疇商 important transactions and commercial agreements, outsourcing業活動的日常事務。與此同時，合規部亦積 arrangements as well as day-to-day matters arising from theGroup’s極參與監察和確保符合急速變化的監管規定 business. Legal and Compliance will remain heavily involved in對本集團各方面的影響。而且將繼續就本集 monitoring and ensuring compliance with changing regulatory團的需要提供意見及支援以盡力克服現時環 requirements in various areas impacting the Group, and will continue境轉變所帶來的挑戰。 to advise and support the Group in meeting the legal and regulatory challenges that lay ahead.
(g)策略性及聲譽風險管理 (g) Strategic and reputation risk management
策略性風險管理是源自本集團為建立、支持 Strategic risk management refers to theGroup’s efforts to develop,及推行有關長期增長及發展的策略性決定所 uphold and implement strategic decisions related to its long-term付出的努力。聲譽風險管理則源自本集團致 growth and development. Reputation risk management refers to力保護其品牌及業務經營權免除由有關本集 theGroup’s efforts to protect its brand name and business franchise團經營慣例、行為或財務狀況的負面公眾消 from any potential damages arising from negative publicity and息所導致的潛在損害。 information about its business practices, conduct or financial condition.
本集團的信貸及風險管理委員會定期開會， The CRMC of the Group meets regularly to monitor and oversee the監察和管理本集團的策略性及聲譽風險。本 Group’s strategic and reputation risks. Senior management places集團高級管理層認為當前要務是確保能妥善 high priority on ensuring that theGroup’s business and operational制定及執行業務和營運策略，並以專業手法 strategies are appropriately defined and are executed professionally及按合適時機進行。此等策略會定時作出檢 and promptly. Such strategies are reviewed regularly to enable討以使本集團能與不斷變化的營運及監管環 the Group to respond efficiently to changes in its operating and境同步並進。本集團以銀行整體基礎為業務 regulatory environment. Business priorities, set on a bank-wide basis,重點，連同一些能清楚配合支持本集團策略 as well as for individual business and functional units, are aligned to的個別業務及支援部門，可計量的目標會分 support theGroup’s strategies, and measurable targets are assigned配到不同單位以確保能完善執行。本集團亦 to ensure execution excellence. Great care is also taken to protect the非常關注保護本集團的聲譽及加強其品牌效 Group’s reputation and to maximise its brand equity. This includes應達至最大效益，此需要持續致力監管及確 ongoing efforts to monitor and ensure high standards of customer保客戶的滿意度、營運的效率、法律與監管 satisfaction, operational efficiency, legal and regulatory compliance,
的合規性、與公眾的溝通及發佈的管理等方 public communication and issues management.
面能維持高水平。
二零一六年報 169
Annual Report 2016
財務報表附註 Notes to the Financial Statements
36公允價值計量的金融工具 36 Fair value measurement of financial instruments (a)以公允價值列賬的金融工具 (a) Financial instruments carried at fair value
(i)層級計算公允價值 (i) Fair value hierarchy
公允價值估計是根據金融工具的特性 Fair value estimates are generally subjective in nature, and are和相關市場資料於某一特定時間作 made at a specific point in time based on the characteristics出，因此一般是主觀的。公允價值根 of the financial instruments and relevant market information.據下列公允價值層級釐定： Fair value is determined according to the following fair value hierarchy:
於2016年12月31日的公允價值計量
Fair value measurements at 31 December 2016 using相同資產在 主要而截至12月31日 活躍市場報價 其他主要 非可觀察的數據公允價值 （第1級） 可觀察的數據 （第3級）（總額） Quoted prices in （第2級） Significant Fair value active market for Significant other unobservable at 31 December identical assets observable input input (Total) (Level 1) (Level 2) (Level 3)港幣千元 港幣千元 港幣千元 港幣千元經常性公允價值計量 Recurring fair value measurements HK$’000 HK$’000 HK$’000 HK$’000資產 Assets
交易用途資產 Trading assets
－債務證券 – Debt securities 1,321,751 649,073 672,678 –－投資基金 – Investment funds 1,078 – – 1,078－衍生工具的正公允價值 – Positive fair value of derivatives 4,258,891 494 4,258,397 – 5,581,720 649,567 4,931,075 1,078可供出售證券 Available-for-sale securities
－持有的存款證 – Certificates of deposit held 15,922,277 28,065 15,894,212 –－國庫券（包括外匯基金 – Treasury bills (including
票據） Exchange Fund Bills) 13,111,688 13,111,688 – –－債務證券 – Debt securities 29,074,574 24,822,266 4,248,308 4,000－權益證券 – Equity securities 95,732 72,236 – 23,496 58,204,271 38,034,255 20,142,520 27,496 63,785,991 38,683,822 25,073,595 28,574負債 Liabilities
交易用途負債 Trading liabilities
－衍生工具的負公允價值 – Negative fair value of derivatives 3,996,444 – 3,996,444 –
170中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
36公允價值計量的金融工具（續） 36 Fair value measurement of financial instruments (continued)
(a)以公允價值列賬的金融工具（續） (a) Financial instruments carried at fair value (continued) (i)層級計算公允價值（續） (i) Fair value hierarchy (continued)
於2015年12月31日的公允價值計量
Fair value measurements at 31 December 2015 using相同資產在 主要而截至12月31日 活躍市場報價 其他主要 非可觀察的數據公允價值 （第1級） 可觀察的數據 （第3級）（總額） Quoted prices in （第2級） Significant Fair value at active market for Significant other unobservable 31 December identical assets observable input input (Total) (Level 1) (Level 2) (Level 3)港幣千元 港幣千元 港幣千元 港幣千元經常性公允價值計量 Recurring fair value measurements HK$’000 HK$’000 HK$’000 HK$’000資產 Assets
交易用途資產 Trading assets
－債務證券 – Debt securities 212,827 212,827 – –－投資基金 – Investment funds 1,489 – – 1,489－衍生工具的正公允價值 – Positive fair value of derivatives 4,063,223 20,311 4,042,912 – 4,277,539 233,138 4,042,912 1,489可供出售證券 Available-for-sale securities
－持有的存款證 – Certificates of deposit held 12,375,180 398,108 11,977,072 –－國庫券（包括外匯基金 – Treasury bills (including
票據） Exchange Fund Bills) 18,420,015 18,420,015 – –－債務證券 – Debt securities 22,261,330 21,350,010 907,320 4,000－權益證券 – Equity securities 94,962 71,447 – 23,515 53,151,487 40,239,580 12,884,392 27,515 57,429,026 40,472,718 16,927,304 29,004負債 Liabilities
交易用途負債 Trading liabilities
－衍生工具的負公允價值 – Negative fair value of derivatives 3,555,614 607 3,555,007 –截至2016年12月31日及2015年12月31日 For the years ended 31 December 2016 and 2015, there were期間，公允價值層級第1級和第2級之 no significant transfers of financial instruments between level 1間並沒有重大的金融工具的轉移。 and level 2 of the fair value hierarchy.
二零一六年報 171
Annual Report 2016
財務報表附註 Notes to the Financial Statements
36公允價值計量的金融工具（續） 36 Fair value measurement of financial instruments (continued)
(a)以公允價值列賬的金融工具（續） (a) Financial instruments carried at fair value (continued) (ii)公允價值的釐定 (ii) Determination of fair value
本集團以下列的層級計算公允價值以 The Group measures fair value using the following fair value反映輸入的數據對量度公允價值的重 hierarchy that reflects the significance of the inputs used in要性： making the measurements:
第1級－參考同一工具於計量日在活 Level 1– Quoted (unadjusted) market price in active markets for躍市場取得的市場報價（未經調整）。 identical instruments at the measurement date.
第2級－ Level 2–
(i) 參考同一或類似不活躍工具的市 (i) Quoted market price for identical or similar instruments場報價； that are not active;
(ii)根據可觀察的數據之估值模式。 (ii) Valuation techniques based on observable inputs, either輸入的數據是直接或間接可從市 directly or indirectly, where all significant inputs are場觀察所得的數據。此層級估值 observable from market data. This category includes的工具，包括金融工具：就相若 financial instruments with quoted prices in active markets工具在活躍市場取得的市場報價 for similar instruments; or quoted prices in markets that或就相同或相若工具在非活躍市 are considered less than active for identical or similar場取得的市場報價。 instruments.
第3級－根據重要而非可觀察得到的 Level 3– Valuation techniques using significant unobservable輸入數據之估值模式。其估值模式包 inputs where the valuation techniques include one or more括一個或多個重要的輸入數據是非可 significant inputs that are unobservable. This category includes觀察的數據。此層級估值的工具，也 financial instruments that are valued based on quoted prices for包括在活躍市場取得相若金融工具的 similar instruments where significant unobservable adjustments市場報價，惟當中需要作出非可觀察 or assumptions are required to reflect the differences between之調整或假設，以反映不同金融工具 the instruments.
之間的差別。
於活躍市場上進行交易的金融資產及 Fair value of financial assets and financial liabilities that are金融負債根據市場報價或經銷商報價 traded in active markets are based on quoted market prices以釐定其公允價值。而對於所有其他 or dealer price quotations. For all other financial instruments,金融工具的公允價值本集團則採用估 the Group determines fair value using valuation techniques.值模式。估值模式包括淨現值和現金 Valuation techniques include net present value, discounted流量折現模型和其他估價模型。用於 cash flow models and other valuation models. Assumptions估值模式的假設和輸入數據包括無風 and inputs used in valuation techniques include risk-free and險利率及基準利率，信用差價和其他 benchmark interest rates, credit spreads and other parameters變數用以估計折現率，債券價格和外 used in estimating discount rates, bond price and foreign匯匯率。 currency exchange rates.
172中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
36公允價值計量的金融工具（續） 36 Fair value measurement of financial instruments (continued)
(a)以公允價值列賬的金融工具（續） (a) Financial instruments carried at fair value (continued) (ii)公允價值的釐定（續） (ii) Determination of fair value (continued)
本集團就釐定金融工具的公允價值採 The most common valuation techniques applied by the Group用最常見的估值方法如利率和貨幣掉 to determine the fair value of financial instruments are from期，這是可靠性高的可觀察市場數 interest rates and currency swaps, which are observable market據，並不需要管理層耗時判斷與估 data with high reliability, and do not require the significant計。觀察價格和模型的輸入數據通 involvement ofmanagement’s judgement and estimation.常可見於市場內上市的債券及股份證 Observable prices and model inputs are usually available in the券，外匯買賣的衍生工具和簡單的埸 market for listed debt and equity securities, exchange-traded外交易衍生工具如利率掉期。然而， derivatives and simple over-the-counter (“OTC”) derivatives可否取得可觀察市場價格和輸入數據 like interest rate swaps. However, the availability of observable取決於不同的產品和市場，並會因金 market prices and inputs varies depending on the products and融市場個別事件和一般情況而有不同 markets, and is prone to changes based on specific events and變化。 general conditions in the financial markets.
某些金融工具的估價模式需要一個或 Certain financial instruments need to be employed with多個非可觀察的主要輸入數據，這些 valuation techniques where one or more significant market金融工具包括結構性投資，例如埸外 inputs involved are not observable. Examples of these financial交易結構性衍生工具，及一些沒有活 instruments are structured investments, OTC structured躍市場的證券。該等需利用主要而非 derivatives and certain securities for which there is no active可觀察的數據的估值模式，需要管理 market. For valuation models involving significant unobservable層深入判斷或估計始能揀選適當的估 inputs, a high degree of management judgement or estimation值模式，並為估值的金融工具決定其 is required to select the appropriate valuation model, determine預期的未來現金流量，交易對手違約 the expected future cash flows on the financial instruments和還款的或然率，以及選擇適當的折 being valued, determine the probability of counterparty default現率等。 and prepayments, and select the appropriate discount rates. (iii)第3層級的公允價值計量資料 (iii) Information about Level 3 fair value measurements非可觀察的數據的公允價值計量之敏感度估值模式 主要而非可觀察的數據 Fair value measurement sensitivity Valuation techniques Significant unobservable inputs to unobservable inputs投資基金 經紀報價 不適用 不適用 Investment funds Broker quote Not applicable Not applicable無風險利率顯著上升債務證券 現金流量折現模型 預計現金流及估計無風險利率 引致較低的公允價值 Debt securities Discounted Forecasted cash flows and Significant increase in the cash flow model estimated risk-free rate estimated risk-free rate would result in a lower fair value權益證券 （註） （註） 不適用 Equity securities See note below See note below Not applicable註： Note:
於第3層級公允價值計量的權益證券一般 Equity securities under level 3 fair value measurements are generally歸類為可供出售證券，且並非於活躍市場 classified as available-for-sale and are not traded in the active market.進行買賣。由於缺乏交投活躍的市場，其 In the absence of an active market, the fair value is estimated on the公允價值的估算是根據投資對象的財務狀 basis of an analysis of theinvestee’s financial position, results and other
況，業績及其他因素的分析。因此，要列 factors. Accordingly, it is not practical to quote significant unobservable
報主要而非可觀察的數據是並不實際的。 inputs.
二零一六年報 173
Annual Report 2016
財務報表附註 Notes to the Financial Statements
36公允價值計量的金融工具（續） 36 Fair value measurement of financial instruments (continued)
(a)以公允價值列賬的金融工具（續） (a) Financial instruments carried at fair value (continued) (iii)第3層級的公允價值計量資料（續） (iii) Information about Level 3 fair value measurements (continued)下表顯示第3層級的公允價值層級期初 The following table shows a reconciliation from the opening to及期末餘額的變動情況： the closing balance for fair value measurements in Level 3 of the fair value hierarchy:
交易用途資產 可供出售證券 總額資產 Assets Trading assets Available-for-sale securities Total投資基金 債務證券 權益證券 Investment funds Debt securities Equity securities港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000於2016年1月1日 At 1 January 2016 1,489 4,000 23,515 29,004賣出 Sales (253) – – (253)於損益表確認的損益 Gains or losses recognised in the
income statement (158) – (19) (177)於2016年12月31日 At 31 December 2016 1,078 4,000 23,496 28,574於結算日仍持有的資產 Total gains or losses for the year included
於年內的損益表中 in the income statement for assets held
確認的損益總額： at the end of the reporting period recorded in:
－買賣外幣收益減虧損 – Gains less losses from dealing in
foreign currencies – – (19) (19)－買賣交易用途證券收益減虧損 – Gains less losses from trading securities (158) – – (158)交易用途資產 可供出售證券 總額資產 Assets Trading assets Available-for-sale securities Total投資基金 債務證券 權益證券 Investment funds Debt securities Equity securities港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000於2015年1月1日 At 1 January 2015 2,204 4,000 23,572 29,776賣出 Sales (463) – – (463)於損益表確認的損益 Gains or losses recognised in the
income statement (252) – (57) (309)於2015年12月31日 At 31 December 2015 1,489 4,000 23,515 29,004於結算日仍持有的資產 Total gains or losses for the year included
於年內的損益表中 in the income statement for assets held
確認的損益總額： at the end of the reporting period recorded in:
－買賣外幣收益減虧損 – G ains less losses from dealing in
foreign currencies – – (57) (57)
－買賣交易用途證券收益減虧損 – Gains less losses from trading securities (252) – – (252)
174中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
36公允價值計量的金融工具（續） 36 Fair value measurement of financial instruments (continued)
(a)以公允價值列賬的金融工具（續） (a) Financial instruments carried at fair value (continued) (iv)由重要而非可觀察的假設改變為合理 (iv) Effects of changes in significant unobservable assumptions to可行的另類假設所產生的影響 reasonable possible alternative assumptions
第3層級的金融工具計量公允價值所使 The fair value of Level 3 financial instruments is measured using用的估值模式中包含假設，並非依據 valuation models that incorporate assumptions that are not可觀察的市場數據。下表顯示出第3層 based on observable market data. The following table shows級公允價值計量的敏感度因轉用至合 the sensitivity of Level 3 fair value measurements due to the理可行的另類假設所產生的公允價值 parallel movement of plus or minus10% of change in fair value正、負10%的並行變動。 to reasonably possible alternative assumptions.
2016年12月31日
31 December 2016
於收益表中反映 於其他全面收益反映 Effect on Effect on other income statement comprehensive income有利 （不利） 有利 （不利） Favourable (Unfavourable) Favourable (Unfavourable)港幣千元 港幣千元 港幣千元 港幣千元資產 Assets HK$’000 HK$’000 HK$’000 HK$’000交易用途資產 Trading assets
－投資基金 – Investment funds 107 (107) – –可供出售證券 Available-for-sale securities
－債務證券 – Debt securities – – 400 (400)－權益證券 – Equity securities – – 2,350 (2,350)2015年12月31日
31 December 2015
於收益表中反映 於其他全面收益反映 Effect on Effect on other income statement comprehensive income有利 （不利） 有利 （不利） Favourable (Unfavourable) Favourable (Unfavourable)港幣千元 港幣千元 港幣千元 港幣千元資產 Assets HK$’000 HK$’000 HK$’000 HK$’000交易用途資產 Trading assets
－投資基金 – Investment funds 149 (149) – –可供出售證券 Available-for-sale securities
－債務證券 – Debt securities – – 400 (400)－權益證券 – Equity securities – – 2,351 (2,351)雖然本集團相信上述金融工具的公允 The Group believe that their estimates of fair value for the價值估計是適當的，但不同的方式或 above financial instruments are appropriate but the use of
假設可能導致不同的公允價值計量。 different methodologies or assumptions could lead to different
measurements of fair value.
二零一六年報 175
Annual Report 2016
財務報表附註 Notes to the Financial Statements
36公允價值計量的金融工具（續） 36 Fair value measurement of financial instruments (continued)
(b)以公允價值以外列賬的金融工具的公允價值 (b) Fair values of financial instruments carried at other than fair value
除另有說明外，所有金融工具均以公允價 All financial instruments are stated at fair value or carried at amounts值列賬，或以與截至2016年12月31日及2015 not materially different from their fair value at 31 December 2016 and年12月31日的公允價值差別不大的賬面值 2015 unless otherwise stated.
列賬。
(i)金融資產 (i) Financial assets
本集團的金融資產主要包括現金、銀 TheGroup’s financial assets mainly include cash; placements行、中央銀行及其他金融機構存款、 with banks, central banks and other financial institutions;客戶貸款及墊款、投資及金融衍生工 loans and advances to customers; investments; and financial具。 derivative instruments.
銀行、中央銀行及其他金融機構存款 The fair value of placements with banks, central banks and other的公允價值主要按照市場利率定價， financial institutions is mainly priced at market interest rates,並於1年內到期。因此，賬面值與公允 and mature within one year. Accordingly, the carrying value價值相若。 approximate the fair value.
客戶貸款及墊款的公允價值已經考慮 The fair value of loans and advances to customers, taking into有關市場利率及按照接近市場利率的 account the relevant market interest rates and being mostly浮動利率定價，並經常於3個月內重新 priced at floating rates close to the market interest rate which is定價，故大致相等於其賬面值。 mainly repriced within 3 months, approximately equal to their carrying amounts.
交易用途資產、指定為通過損益以反 Trading assets, securities designated at fair value through profit映公允價值的證券及可供出售證券 or loss and available-for-sale securities are stated at fair value in（除了非上市的可供出售債務證券╱ the financial statements.
權益證券）在財務報表內以公允價值
列賬。
176中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
36公允價值計量的金融工具（續） 36 Fair value measurement of financial instruments (continued)
(b)以公允價值以外列賬的金融工具的公允價值 (b) Fair values of financial instruments carried at other than fair（續） value (continued)
(ii)金融負債 (ii) Financial liabilities
除下述者外，所有金融負債均以公允 All financial liabilities are stated at fair value or carried at價值呈列或按照與其截至2016年12月 amounts not materially different from their fair value at 3131日及2015年12月31日的公允價值分 December 2016 and 2015, except as follows:
別不大的賬面值入賬：
2016
賬面金額
Carrying 公允價值 第1級 第2級 第3級 amount Fair value Level 1 Level 2 Level 3港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000金融負債 Financial liabilities
已發行存款証 Certificates of deposit issued
－非交易用途 – Non-trading 10,593,445 10,538,350 – 10,538,350 –債務資本 Loan capital 8,705,837 9,066,351 9,066,351 – – 19,299,282 19,604,701 9,066,351 10,538,350 – 2015
賬面金額
Carrying 公允價值 第1級 第2級 第3級 amount Fair value Level 1 Level 2 Level 3港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000金融負債 Financial liabilities
已發行存款証 Certificates of deposit issued
－非交易用途 – Non-trading 10,388,272 10,390,538 – 10,390,538 –債務資本 Loan capital 8,766,217 9,088,390 9,088,390 – – 19,154,489 19,478,928 9,088,390 10,390,538 –
二零一六年報 177
Annual Report 2016
財務報表附註 Notes to the Financial Statements
37衍生工具 37 Derivatives
使用衍生工具作自營買賣和出售予客戶作為 The use of derivatives for proprietary trading and sales to customers as風險管理產品是本集團經營業務的一個重要 risk management products is an integral part of theGroup’s business部份。作為資產與負債管理流程的一環，這 activities. These instruments are also used to manage theGroup’s own些工具也會用作管理本集團本身所承擔的市 exposure to market risk as part of its asset and liability management場風險。本集團所用的主要衍生工具為與利 process. The principal derivative instruments used by the Group率和匯率相關的合約，主要為場外交易的衍 are interest and foreign exchange rate-related contracts, which are生工具。本集團也會簽訂場內買賣的衍生工 primarily OTC derivatives. The Group also participates in exchange-具合約。本集團大多為符合客戶的要求和作 traded derivatives. Most of theGroup’s derivative positions have對沖及買賣用途而持有衍生工具倉盤。就會 been entered into to meet customer demand and to hedge these計目的而言，衍生工具均劃歸為持作買賣或 and other trading positions. For accounting purposes, derivatives are持作對沖。 classified as either held for trading or held for hedging.
(a)衍生工具的名義金額 (a) Notional amounts of derivatives
衍生工具是指根據一項或多項相關資產或指 Derivatives refer to financial contracts whose value depends on數的價值來釐定其價值的財務合約。這些工 the value of one or more underlying assets or indices. The notional具的名義數額代表未完成的交易額，並不代 amounts of these investments indicate the volume of outstanding表風險數額。 transactions and do not represent amounts at risk.
以下是本集團各種主要衍生工具的名義金額 The following is a summary of the notional amounts of each概要： significant type of derivative entered into by the Group:
2016 2015
為對沖 為對沖
持有 其他（包括 持有 其他（包括 Held for 持作買賣） 總額 Held for 持作買賣） 總額 hedging Others Total hedging Others Total港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000匯率衍生工具 Currency derivatives
遠期交易 Forwards – 61,417,578 61,417,578 – 103,314,066 103,314,066掉期交易 Swaps – 206,534,675 206,534,675 – 303,121,333 303,121,333買入期權 Options purchased – 21,199,511 21,199,511 – 18,142,414 18,142,414賣出期權 Options written – 19,191,456 19,191,456 – 12,281,406 12,281,406利率衍生工具 Interest rate derivatives
遠期及期貨交易 Forwards/Futures – 38,774 38,774 – – –掉期交易 Swaps 15,698,972 26,714,391 42,413,363 13,300,077 21,113,130 34,413,207買入期權 Options purchased – 1,000,000 1,000,000 – – –賣出期權 Options written – 1,077,549 1,077,549 – 77,501 77,501 15,698,972 337,173,934 352,872,906 13,300,077 458,049,850 471,349,927交易包括本集團的金融工具自營買賣倉盤、 Trading includes theGroup’s proprietary positions in financial由執行客戶的交易指令或從事莊家活動而產 instruments, positions which arise from the execution of trade orders生的倉盤，以及為對沖其他交易元素而持有 from customers and market making, and positions taken in order to的倉盤。 hedge other elements of the trading book.
178中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
37衍生工具（續） 37 Derivatives (continued)
(b)衍生工具的公允價值及信貸風險加權數額 (b) Fair value and credit risk-weighted amounts of derivatives 2016 2015
公允價值 公允價值 信貸風險 公允價值 公允價值 信貸風險資產 負債 加權數額 資產 負債 加權數額 Credit risk- Credit risk- Fair value Fair value weighted Fair value Fair value weighted assets liabilities amount assets liabilities amount港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000利率衍生工具 Interest rate derivatives 271,369 49,898 196,481 297,187 48,692 184,471匯率衍生工具 Currency derivatives 3,987,522 3,946,546 4,447,257 3,766,036 3,506,922 4,695,947 4,258,891 3,996,444 4,643,738 4,063,223 3,555,614 4,880,418（附註18）（附註25） （附註18）（附註25） (note 18) (note 25) (note 18) (note 25)信貸風險加權數額是指按照《銀行業（資本） The credit risk-weighted amount is the amount which has been規則》有關資本充足的要求，並取決於交易 calculated in accordance with the Banking (Capital) Rules on capital對手的財政狀況及到期的情況下計算。或 adequacy, and depends on the status of the counterparty and the有負債及承擔的風險加權由0%至150%不等 maturity characteristics. The risk weights used range from0% to150%（2015年：0%至150%)，而匯率、利率及其 (2015:0% to150%) for contingent liabilities and commitments, and他衍生工具合約則由0%至150%不等（2015 from0% to150% (2015:0% to150%) for exchange rate, interest rate年：0%至150%)。 and other derivatives contracts.
本集團沒有在年內訂立任何雙邊淨額結算安 The Group did not enter into any bilateral netting arrangements排，因此，上述數額是以總額列示。 during the year, and accordingly, these amounts are shown on a gross basis.
二零一六年報 179
Annual Report 2016
財務報表附註 Notes to the Financial Statements
37衍生工具（續） 37 Derivatives (continued)
(c)指定為對沖工具的衍生工具的公允價值 (c) Fair value of derivatives designated as hedging instruments以下是本集團持作對沖用途的衍生工具按產 The following is a summary of the fair value of derivatives held for品類別劃分的公允價值概要： hedging purposes by product type entered into by the Group: 2016 2015公允價值 公允價值 公允價值 公允價值資產 負債 資產 負債 Fair value Fair value Fair value Fair value assets liabilities assets liabilities港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000利率合約 Interest rate contracts
－公允價值對沖 – Fair value hedge 223,306 25,520 283,213 45,501－現金流量對沖 – Cash flow hedge 1,441 – – – 224,747 25,520 283,213 45,501公允價值對沖主要包括用作保障若干固定利 Fair value hedges principally consist of interest rate swaps that are used率資產或負債的公允價值因市場利率變動而 to protect against changes in the fair value of certain fixed rate assets出現變化的利率掉期。 or liabilities due to movements in the market interest rates.現金流量對沖主要包括利率掉期，用作以保 Cash flow hedges principally consist of interest rate swaps that are障按可變動利率計息的非交易用途負債，以 used to protect against exposures to variability in future interest and免因未來利息及本金現金流量出現變動而產 principal cash flows on non-trading liabilities which bear interest at生風險，有關淨收益港幣1,279,000元（2015 variable rates. Net gains recognised in equity, in the cash flow hedging年：無）已計入股東權益項內的現金流量對 reserve, wasHK$1,279,000 (2015:HK$Nil) and a gain ofHK$162,000沖儲備內，於2016年內，一項由現金流量 (2015:HK$Nil) of ineffectiveness recognised in theGroup’s income對沖工具而產生之低效用部份的收益港幣 statement which arising from cash flow hedge during 2016.162,000元（2015年：無）已計入本集團的收
益表內。
180中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
37衍生工具（續） 37 Derivatives (continued)
(d)衍生工具的餘下年期 (d) Remaining life of derivatives
下表提供本集團根據有關到期類別（按於結 The following tables provide an analysis of the notional amounts of算日的餘下結算期間計算）劃分的衍生工具 derivatives of the Group by relevant maturity grouping, based on the名義金額分析。 remaining periods to settlement at the end of the reporting period: 2016
餘下年期的名義金額
Notional amounts with remaining life of1年以上
總額 1年或以下 至5年 5年以上 1 year Over 1 year Over Total or less to 5 years 5 years港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000利率衍生工具 Interest rate derivatives 44,529,686 24,307,839 18,041,043 2,180,804匯率衍生工具 Currency derivatives 308,343,220 292,085,731 15,873,128 384,361 352,872,906 316,393,570 33,914,171 2,565,165 2015
餘下年期的名義金額
Notional amounts with remaining life of1年以上
總額 1年或以下 至5年 5年以上 1 year Over 1 year Over Total or less to 5 years 5 years港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000利率衍生工具 Interest rate derivatives 34,490,708 18,206,145 15,014,457 1,270,106匯率衍生工具 Currency derivatives 436,859,219 421,542,081 15,317,138 – 471,349,927 439,748,226 30,331,595 1,270,106
二零一六年報 181
Annual Report 2016
財務報表附註 Notes to the Financial Statements
38或有資產、負債及承擔 38 Contingent assets, liabilities and commitments (a)提供信貸的或有負債及承擔 (a) Contingent liabilities and commitments to extend credit以下是每類主要或有負債及承擔的合約金額 The following is a summary of the contractual amounts of each概要： significant class of contingent liabilities and commitments: 2016 2015港幣千元 港幣千元HK$’000 HK$’000直接信貸代替品 Direct credit substitutes 4,368,584 2,711,185與交易有關的或有項目 Transaction-related contingencies 535,590 606,593與貿易有關的或有項目 Trade-related contingencies 2,767,669 1,770,553遠期有期存款 Forward forward deposits placed – 387,507其他承擔： Other commitments:
－銀行可無條件取消 – which are unconditionally cancellable
或在借款人的 or automatically cancellable
信貸狀況轉壞時 due to deterioration in the
可自動取消 creditworthiness of the borrower 105,242,666 91,804,970－原到期日在1年或以下 – with an original maturity of not more than 1 year 5,232,137 1,317,952－原到期日在1年以上 – with an original maturity of more than 1 year 3,761,125 2,217,391 121,907,771 100,816,151信貸風險加權數額 Credit risk-weighted amounts 5,205,562 2,889,596或有負債及承擔是與信貸相關的工具，包括 Contingent liabilities and commitments are credit-related instruments遠期存款、信用證和提供信貸的擔保及承 which include forward deposits placed, letters of credit, guarantees擔。涉及的風險基本上與向客戶提供貸款融 and commitments to extend credit. The risk involved is essentially資額涉及的信貸風險相同。合約金額是指在 the same as the credit risk involved in extending loan facilities to合約全數提取後發生客戶拖欠而需承擔風險 customers. The contractual amounts represent the amounts at risk的金額。由於融資額可能在到期時仍未動 should the contract be fully drawn upon and the client default. As the用，故合約金額並非預期未來現金流量。 facilities may expire without being drawn upon, the contract amounts do not represent expected future cash flows.
用於計算信貸風險加權數額的風險加權由 The risk weights used in the computation of credit risk-weighted0%至150%（2015年：0%至150%）不等。 amounts range from0% to150% (2015:0% to150%).
182中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
38或有資產、負債及承擔（續） 38 Contingent assets, liabilities and commitments (continued)
(b)資本承擔 (b) Capital commitments
於2016年12月31日，因購入物業及設備未償 Capital commitments for the purchase of properties and equipment付而又未在財務報表內提撥準備的資本承擔 outstanding at 31 December 2016 not provided for in the financial如下： statements are as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’000已授權及訂約︰ Authorised and contracted for 166,037 168,035 (c)租賃承擔 (c) Lease commitments
於2016年12月31日，根據不可解除經營租賃 At 31 December 2016, the total future minimum lease payments應付的未來最低租金總額如下： under non-cancellable operating leases are payable as follows: 2016 2015港幣千元 港幣千元HK$’000 HK$’000物業租賃於以下期間期滿： Property leases expiring:
1年內 Within 1 year 252,477 251,3931年至5年 After 1 year but within 5 years 593,418 606,7655年後 After 5 years 105,493 136,723 951,388 994,881設備租賃於以下期間期滿： Equipment leases expiring:
1年內 Within 1 year 5,118 4,6581年至5年 After 1 year but within 5 years 13,175 16,091 18,293 20,749 969,681 1,015,630本集團通過經營租賃的方式租借多項物業及 The Group leases a number of properties and items of equipment設備。有關物業及設備的最初租賃期一般為 under operating leases. The leases typically run for an initial period of1至9年，可於續期時重新商定所有條款。以 one to nine years, with an option to renew the lease when all terms上租賃均不涉及或有租金。 are renegotiated. None of the leases includes contingent rentals. (d)有關法律申索的或有負債 (d) Contingent liability in respect of legal claim
於2016及2015年12月31日，本集團並沒有牽 The Group is not involved in any legal action that would be significant涉任何可能對其財政狀況構成重大影響的法 to the financial position of the Group at 31 December 2016 and 2015.律行動。
二零一六年報 183
Annual Report 2016
財務報表附註 Notes to the Financial Statements
39信託活動 39 Trust activities
本集團通常擔任受託人及以其他信託人身 The Group commonly acts as a trustee and in other fiduciary份，代表個別人士、信託、退休福利計劃及 capacities that result in the holding or placing of assets on behalf其他機構持有或存放資產。由於這些資產並 of individuals, trusts, retirement benefit plans and other institutions.非本集團的資產，故這些資產及其產生的收 These assets and income arising therefrom are excluded from these入不包括在本財務報表內。 financial statements as they are not assets of the Group. 40直接母公司及最終控權方 40 Immediate parent and ultimate controlling party董事會認為，本集團於2016年12月31日的直 At 31 December 2016, the Directors considered the immediate接母公司為在香港註冊成立的中信國際金融 parent of the Group to be CITIC International Financial Holdings控股有限公司，而本集團最終控權方為在 Limited, which is incorporated in Hong Kong, and the ultimate中華人民共和國註冊成立的中國中信集團公 controlling party of the Group to be CITIC Group Corporation, which is司。 incorporated in mainland China.
41會計估計及判斷 41 Accounting estimates and judgements
管理層編製財務報表時，需要就財務報表日 The preparation of financial statements requires that management的資產及負債的匯報數額及或有資產及負債 make estimates and assumptions that affect the reported amounts of的披露，以及呈報年度收入及支出的匯報數 assets and liabilities; the disclosures of contingent assets and liabilities額等作出估計及假設。假設變更可能會對更 at the date of these financial statements; and the reported amounts改假設期間的財務報表構成重大影響。應用 of revenues and expenses for the years presented. Changes in假設及估計表示選擇任何不同的假設均可導 assumptions can have a significant impact on the financial statements致本集團的匯報有差異。本集團相信所作假 in the periods when the assumptions are changed. The application設屬適當，故財務報表在各重大方面均公允 of assumptions and estimates means that any selection of different地呈報財政狀況及業績。 assumptions could cause theGroup’s reporting to differ. The Group believes that the assumptions that have been made are appropriate, and that the financial statements therefore present the financial position and results fairly, in all material respects.
管理層曾與審核委員會討論本集團主要會計 Management held a discussion with the Audit Committee about政策及估計的制定、選擇及披露原則，以及 the development, selection and disclosure of theGroup’s significant這些政策及估計的應用。 accounting policies and estimates, and the application of these policies and estimates.
184中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
41會計估計及判斷（續） 41 Accounting estimates and judgements (continued)估計不可確定因素的主要來源 Key sources of estimation uncertainty
附註38載有關於投資物業評估和金融工具公 Note 38 contain information about the assumptions and their risk允價值的假設及風險因素。其他估計不可確 factors relating to the fair value of financial instruments respectively.定因素的主要來源如下︰ Other key sources of estimation uncertainty are as follows: (i)減值虧損 (i) Impairment losses
貸款及墊款 Loans and advances
貸款組合會定期檢討，以評估減值虧 Loan portfolios are reviewed periodically to assess whether損是否存在。本集團會判斷貸款組合 impairment losses exist. The Group makes judgements as to是否存在任何減值的客觀證據（即估 whether there is any objective evidence that a loan portfolio計未來現金流量是否減少）。減值的客 is impaired, i.e. whether there is a decrease in estimated future觀證據詳述於會計政策附註2(l)。如管 cash flows. Objective evidence for impairment is described in理層根據其判斷確定減值的客觀證據 the accounting policy note 2(l). If management determines,存在，則預期未來現金流量會根據本 based on their judgement, that objective evidence of集團內具有類似的信貸風險特質的資 impairment exists, expected future cash flows are estimated產的過往損失經驗來作出估計。過往 based on historical loss experience for assets with credit risk損失經驗是以目前的可觀察數據為基 characteristics similar to those of the Group. Historical loss礎作出調整。管理層會定期檢討估計 experience is adjusted on the basis of the current observable未來現金流量所採用的方法及假設， data. Management regularly reviews the methodology and以減少損失估計與實際損失經驗之間 assumptions used in estimating future cash flows to reduce any的任何差異。 difference between loss estimates and actual loss experience.可供出售證券 Available-for-sale securities
當可供出售證券的公允價值大幅或持 The Group determines that available-for-sale equity securities續下跌至低於其成本，本集團便會確 are impaired when there has been a significant or prolonged定這些投資出現減值。確定公允價值 decline in the fair value below cost. The determination of when何時會下跌至低於成本而不能在合理 a decline in fair value below cost is not recoverable within a時限內收回屬判斷性質，故損益可受 reasonable time period is judgement-based by nature, so profit此判斷的差異而有所影響。 and loss could be affected by differences in this judgement.
二零一六年報 185
Annual Report 2016
財務報表附註 Notes to the Financial Statements
41會計估計及判斷（續） 41 Accounting estimates and judgements (continued)估計不可確定因素的主要來源（續） Key sources of estimation uncertainty (continued)
(ii)金融工具公允價值 (ii) Fair value of financial instruments
公允價值估計一般屬主觀性質，是根 Fair value estimates are generally subjective in nature, and are據在某一特定時間中金融工具的特質 made at a specific point in time based on the characteristics及有關市場資料而作出。如情況許 of the financial instruments and relevant market information.可，便會使用市場報價。如未能從認 Where available, quoted market prices are used. If a quoted可證券交易所獲得市場報價，或從經 price is not available on a recognised stock exchange, is not紀或交易商獲得屬於非通過交易所買 from a broker or dealer for non-exchange traded financial賣的金融工具市場報價或最新公開成 instruments or from a readily available latest trading price, the交價，則根據公允價值第3級以現值或 fair value on level 3 financial instruments is estimated using使用現時市場參數的其他估值法估計。 the present value or other valuation techniques using current market parameters.
所有估值模式均在用作財務匯報基準 All valuation models are validated before they are used as a前被核實。本集團盡可能將模式所得 basis for financial reporting. Wherever possible, the Group估值與類似金融工具的報價作比較， compares valuations derived from models with quoted prices及在實現後與實際價值作比較，以進 of similar financial instruments, and with actual values when一步核實及調整模式。 realised, in order to further validate and calibrate the models.這些技術涉及不確定性，並會大受有 These techniques involve uncertainties and are materially關各種金融工具的風險特質、折現 affected by the assumptions used and judgements made率、未來現金流量估計、未來預期損 regarding the risk characteristics of various financial instruments,失經驗及其他因素所用的假設及所作 discount rates, estimates of future cash flows, future expected的判斷影響。假設變動可嚴重影響這 loss experience and other factors. Changes in assumptions些估計及所產生的公允價值。所得公 could materially affect these estimates and the resulting fair允價值估計未必可用獨立市場的比較 values. Derived fair value estimates cannot necessarily be來證明，而在許多情況下，可在立即 substantiated by comparison to independent markets and,出售工具時實現。 in many cases, could be realised in an immediate sale of the instruments.
186中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
財務報表附註 Notes to the Financial Statements
42本行之財務狀況表及儲備變動 42 Statement of financial position and reserve movement of the Bank
(a)本行財務狀況表 (a) Statement of financial position of the Bank
於2016年12月31日 At 31 December 2016
（以港幣為單位） (Expressed in Hong Kong dollars)
2016 2015附註 港幣千元 港幣千元 Note HK$’000 HK$’000資產 ASSETS
現金及在銀行、中央銀行及 Cash and balances with banks, central banks
其他金融機構的結存 and other financial institutions 25,830,962 20,817,264在銀行、中央銀行及 Placements with and advances to banks,
其他金融機構的存款及墊款 central banks and other financial institutions 21,931,411 29,175,150交易用途資產 Trading assets 5,550,317 4,266,920客戶貸款及墊款及其他賬項 Loans and advances to customers and other accounts 176,268,864 159,295,802可供出售證券 Available-for-sale securities 57,303,459 51,618,890應收附屬公司款項 Amounts due from subsidiaries 7,843,080 7,156,104附屬公司投資 Investments in subsidiaries 1,245,418 1,245,418物業及設備 Property and equipment
－投資物業 – Investment properties 109,517 155,261－其他物業 – Other premises 369,479 326,300－設備 – Equipments 379,016 318,076可收回稅項 Tax recoverable – 31,655遞延稅項資產 Deferred tax assets 12,250 34,830資產總額 Total assets 296,843,773 274,441,670負債及權益 LIABILITIES AND EQUITY
負債 Liabilities
銀行及其他金融機構的 Deposits and balances of banks and
存款及結存 other financial institutions 3,919,496 2,482,052客戶存款 Deposits from customers 229,285,512 215,262,570交易用途負債 Trading liabilities 3,988,231 3,543,084已發行存款證 Certificates of deposit issued 10,593,445 10,388,272本期稅項 Current taxation 192,807 52,945其他負債 Other liabilities 8,825,108 8,627,288應付附屬公司款項 Amounts due to subsidiaries 330,023 2,579,782債務資本 Loan capital 8,705,837 8,766,217負債總額 Total liabilities 265,840,459 251,702,210權益 EQUITY
股本 Share capital 29(a) 9,366,271 7,566,271儲備 Reserves 42(b) 15,463,791 12,863,021額外權益工具 Additional equity instruments 30 6,173,252 2,310,168權益總額 Total Equity 31,003,314 22,739,460權益及負債總額 Total Equity and Liabilities 296,843,773 274,441,670董事會於2017年3月21日核准並授權發佈。
Approved and authorised for issue by the Board of Directors on 21 March 2017.
張小衛 萬紅
ZHANG Xiaowei Margaret MAN
執行董事、行長兼行政總裁 執行董事兼副行政總裁
Executive Director, President and Executive Director and
Chief Executive Officer Deputy Chief Executive Officer
二零一六年報 187
Annual Report 2016
財務報表附註 Notes to the Financial Statements
42本行之財務狀況表及儲備變動（續） 42 Statement of financial position and reserve movement of the Bank (continued)
(b)本行權益各組成部份的變動 (b) Movement in components of equity of the Bank
本行的個別權益組成部份於年初至年終的變 Details of the changes in theBank’s individual components of equity動詳列如下： between the beginning and the end of the year are set out below:本行
The Bank
額外權益物業 現金流量 投資 工具重估儲備 對沖儲備 重估儲備 Additional股本 資本儲備 一般儲備 Property Cash flow Investment 保留溢利 儲備總額 equity Share Capital General revaluation hedging revaluation Retained Total instruments 權益總額 capital reserve reserve reserve reserve reserve profits reserves（附註/note 30) Total equity港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000於2016年1月1日 At 1 January 2016 7,566,271 2,903 100,000 55 – (28,075) 12,788,138 12,863,021 2,310,168 22,739,460截至2016年的權益變動： Changes in equity for 2016:
年度利潤 Profit for the year – – – – – – 2,794,979 2,794,979 – 2,794,979其他全面收益總額 Other comprehensive
income for the year – – – – 1,068 (26,542) – (25,474) – (25,474)本年度全面收益總額 Total comprehensive
income for the year – – – – 1,068 (26,542) 2,794,979 2,769,505 – 2,769,505發行及配發股份 Issue and allotment of shares 1,800,000 – – – – – – – – 1,800,000發行額外一級資本證券 Issue of AT1 Capital Securities – – – – – – – – 3,863,084 3,863,084支付額外一級資本 Distribution payment for
證券票息 AT1 Capital Securities – – – – – – – – (168,735) (168,735)轉自保留溢利 Transfer from retained profits – – – – – – (168,735) (168,735) 168,735 –於2016年12月31日 At 31 December 2016 9,366,271 2,903 100,000 55 1,068 (54,617) 15,414,382 15,463,791 6,173,252 31,003,314於2015年1月1日 At 1 January 2015 7,566,271 2,903 100,000 55 – 79,493 10,955,141 11,137,592 2,310,168 21,014,031截至2015年的權益變動： Changes in equity for 2015:
年度利潤 Profit for the year – – – – – – 2,001,564 2,001,564 – 2,001,564其他全面收益總額 Other comprehensive
income for the year – – – – – (107,568) – (107,568) – (107,568)本年度全面收益總額 Total comprehensive
income for the year – – – – – (107,568) 2,001,564 1,893,996 – 1,893,996支付額外一級資本 Distribution payment for
證券票息 AT1 Capital Securities – – – – – – – – (168,567) (168,567)轉自保留溢利 Transfer from retained profits – – – – – – (168,567) (168,567) 168,567 –於2015年12月31日 At 31 December 2015 7,566,271 2,903 100,000 55 – (28,075) 12,788,138 12,863,021 2,310,168 22,739,460 43財務報表核准 43 Approval of financial statements
本財務報表已於2017年3月21日獲董事會核 The financial statements were approved and authorised for issue by准並授權發佈。 the Board of Directors on 21 March 2017.
188中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information（除特別列明外，均以港幣為單位） (Expressed in Hong Kong dollars unless otherwise indicated)
(A)銀行網站提供的資本資料披露 (A) Capital information available on theBank’s website為符合銀行業（披露）規則，本集團已採用 For the purposes of compliance with Banking (Disclosure)金管局要求的標準模板披露一切關於本集團 Rules, information relating to theGroup’s regulatory capital and的監管資本工具及其他披露信息。相關披露 other disclosures are published by using standard disclosure可以通過本行的網站www.cncbinternational. templates as specified by the HKMA and they can be viewed in thecom內「監管資本披露」一節中查看。 Regulatory Disclosures section of ourBank’s corporate website at www.cncbinternational.com.
二零一六年報 189
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(B)資本充足 (B) Capital adequacy
(i)資本基礎 (i) Capital base
資本充足比率是根據金管局發出的《銀行業 Capital adequacy ratios (“CARs”) are complied in accordance with the（資本）規則》的規定，並按金管局要求的 Banking (Capital) Rules issued by the HKMA. The CARs are computed本行及其若干附屬公司的綜合基準計算。本 on a consolidated basis covering the Bank and some of its subsidiaries行採用「標準方法」計算信貸風險及市場風 as required by the HKMA. The Bank has adopted the “standardised險的風險加權數額，而業務操作風險則採用 approach” for calculating the risk-weighted amount for credit risk「基本指標法」。 and market risk and the “basic indicator approach” for calculating operational risk.
2016 2015港幣千元 港幣千元HK$’000 HK$’000普通股權一級資本工具及儲備 Common Equity Tier 1 (“CET1”) capital
instruments and reserves
直接發行合資格的普通股權 Directly issued qualifying CET1 capital instruments
一級資本工具及相關股份溢價 plus any related share premium 9,366,271 7,566,271保留溢利 Retained earnings 16,259,623 13,878,124披露儲備 Disclosed reserves 154,870 299,644扣除法定減項前普通股權一級資本 CET1 capital before regulatory deductions 25,780,764 21,744,039普通股權一級資本：法定減項 CET1 capital: regulatory deductions
遞延稅項資產減遞延稅項負債淨額 Deferred tax assets net of deferred tax liabilities 18,217 36,312現金流量對沖儲備 Cash flow hedging reserve 1,068 –因承擔按公允價值釐定的負債的 Gains and losses due to changes in own credit risk
信貸風險變化而產生的損益 on fair valued liabilities – (264,986)因價值重估土地及建築物而產生的 Cumulative fair value gains arising from
累計公允價值溢利 the revaluation of land and buildings
(own use and investment properties) 87,873 111,327一般銀行風險監管儲備 Regulatory reserve for general banking risks 2,805,429 2,571,972估值調整 Valuation adjustments 7,013 –有關衍生工具合約的債務證券估值調整 Debt valuation adjustments in respect of derivative contracts 1,878 3,127普通股權一級資本法定減項後總額 Total regulatory deductions to CET1 capital 2,921,478 2,457,752普通股權一級資本 CET1 capital 22,859,286 19,286,287額外一級資本 Additional Tier 1 (“AT1”) capital
額外一級資本總額 Total AT1 capital 6,177,015 2,313,467一級資本 Tier 1 capital 29,036,301 21,599,754二級資本工具及撥備 Tier 2 capital instruments and provisions
合資格二級資本及相關股份溢價 Qualifying Tier 2 capital instruments plus
any related share premium 6,044,744 6,657,912因價值重估持有土地及建築物而 Reserve attributable to fair value gains on
產生的公允價值溢利的重估儲備 revaluation of holdings of land and buildings 39,543 50,097包括於二級資本一般銀行風險 Collective impairment allowances and
綜合減值準備及監管儲備 regulatory reserve for general banking risks eligible for
inclusion in Tier 2 capital 2,431,093 2,110,287扣除減項前的二級資本 Tier 2 capital base before deductions 8,515,380 8,818,296二級資本：法定減項 Tier 2 capital: regulatory deductions
二級資本的法定減項總額 Total regulatory deductions to Tier 2 capital – –二級資本 Tier 2 capital 8,515,380 8,818,296資本總額 Total capital 37,551,681 30,418,050
190中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(B)資本充足（續） (B) Capital adequacy (continued)
(ii)風險加權資產 (ii) Risk-weighted assets
2016 2015港幣千元 港幣千元HK$’000 HK$’000－信貸風險 – Credit risk 195,100,156 169,230,743－市場風險 – Market risk 5,050,513 4,659,900－營運風險 – Operational risk 11,405,438 10,364,613 211,556,107 184,255,256 (iii)資本充足比率 (iii) Capital adequacy ratios
2016 2015－普通股權一級資本比率 – CET1 capital ratio 10.8% 10.5%－一級資本比率 – Tier 1 capital ratio 13.7% 11.7%－總資本比率 – Total capital ratio 17.8% 16.5% (iv)防護緩衝資本比率以及逆週期緩衝資本比率 (iv) Capital conservation buffer ratio and countercyclical capital buffer ratio
由2016年1月1日起實施以下的緩衝資本比 With effect from 1 January 2016, the capital buffer ratios applicable to率，而本集團按綜合基準計算如下： the Group on a consolidated basis are as follows:
2016防護緩衝資本比率 Capital conservation buffer ratio 0.625%逆週期緩衝資本比率 Countercyclical capital buffer (“CCyB”) ratio 0.334%0.959%本集團採用金管局要求之標準範本披露的有 The detail relevant disclosure of the CCyB ratio for each jurisdiction關按地域分類之私人機構信用風險承擔的風 and the geographical breakdown of risk-weighted assets in relation險加權資產及其個別司法管轄區所適用的逆 to private sector credit exposures using the standard templates as週期緩衝資本比率可於本行網站內「監管資 specified by the HKMA can be viewed in the Regulatory Disclosure本披露」一節中查看。 section of ourBank’s website.
於2015年年內沒有逆週期緩衝資本比率的相 For 2015, there was no information disclosed relating to the CCyB關資料披露，因為在2016年1月1日前，香港 ratio for this period because the applicable JCCyB ratios (meaning the和非香港司法管轄區的逆週期緩衝資本比率 capital buffer levels as announced by regulatory authorities of relevant和適用的JCCyB比率（即緩衝資本水平是由 jurisdictions for the purpose of implementing the CCyB under Basel相關司法管轄區的監管部門根據巴塞爾協定 III) for Hong Kong and jurisdictions outside Hong Kong are0% beforeIII實施CCyB的目的公佈）為0%。 1 January 2016.
二零一六年報 191
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(B)資本充足（續） (B) Capital adequacy (continued)
(v)資本工具 (v) Capital instruments
本集團的普通股權一級資本、額外一級資本 The following is a summary of theGroup’s CET1, Additional Tier 1證券及二級資本工具總結如下： Capital Securities and Tier 2 capital instruments.
2016 2015港幣千元 港幣千元HK$’000 HK$’000本行發行的普通股權一級資本工具 CET 1 capital instruments issued by the Bank
普通股： Ordinary shares:
已發行及繳足 9,083,341,176 issued and fully paid
普通股9,083,341,176股 ordinary shares 9,366,271 7,566,271 2016 2015港幣千元 港幣千元HK$’000 HK$’000額外一級資本證券 Additional Tier 1 Capital Securities
面值300,000,000美元的 Undated non-cumulative subordinated
永續型非累積後償資本證券 capital securities withUS$300 million 2,310,168 2,310,168面值500,000,000美元的 Undated non-cumulative subordinated
永續型非累積後償資本證券 capital securities withUS$500 million 3,863,084 – 6,173,252 2,310,168 2016 2015港幣千元 港幣千元HK$’000 HK$’000二級資本工具 Tier 2 capital instruments
本行發行 Issued by the Bank
－於2020年到期後償票據 – S ubordinated note due 2020
（賬面值：500,000,000美元） (nominal value:US$500 million) 4,063,457 4,132,209－於2022年到期後償票據 – Subordinated note due 2022
（賬面值：300,000,000美元） (nominal value:US$300 million) 2,318,117 2,306,392－於2024年到期後償票據 – Subordinated note due 2024
（賬面值：300,000,000美元） (nominal value:US$300 million) 2,324,263 2,327,616 8,705,837 8,766,217
192中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(B)資本充足（續） (B) Capital adequacy (continued)
(vi)槓桿比率 (vi) Leverage ratio
槓桿比率的計算是根據金管局規定按本行及 The Bank is required to disclose its leverage ratio calculated on a其若干附屬公司綜合基礎計算。 consolidated basis covering the Bank and some of its subsidiaries. 2016 2015槓桿比率 Leverage ratio 9.1% 7.3%採用金管局規定的標準模板披露有關槓桿風 The detail relevant disclosure of the leverage exposure using the險承擔的細節可在本行網站內「監管資本披 standard templates as specified by the HKMA can be viewed in the露」部份進行查看。 Regulatory Disclosure section of ourBank’s website.
(vii)綜合基礎 (vii) Basis of consolidation
除特別列明外，本年度財務報告的所有財務 Unless otherwise stated, all financial information contained in the資料均以就會計而言的綜合基礎編製。綜合 annual financial report is prepared according to the consolidation基礎就會計而言與就監管而言的主要分別在 basis for accounting purposes. The main difference between the於前者包括本行及本行所有附屬公司，而後 consolidation basis for accounting and regulatory purposes is that者則只包括本行及本行若干附屬公司，詳情 the former includes the Bank and all its subsidiaries whereas the latter如下： includes the Bank and only some of theGroup’s subsidiaries, which are discussed as follows:
金管局已批准本行根據《銀行業（資本）規 The HKMA has granted approval under section 28(2)(a) of the Banking則》第28(2)(a)條，就下列附屬公司以單一綜 (Capital) Rules for the Bank to calculate its CAR on a solo consolidated合基礎計算本行的資本充足比率，以取代按 basis instead of on a solo basis in respect of the following subsidiary:單一基礎計算：
2016年12月31日 At 31 December 2016資產總額 權益總額 Total assets Total equity港幣千元 港幣千元附屬公司名稱 Names of subsidiary 主要業務 Principal activities HK$’000 HK$’000恒康香港有限公司 Viewcon Hong Kong Limited －按揭融資 – Mortgage financing 1,389 1,338
二零一六年報 193
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(B)資本充足（續） (B) Capital adequacy (continued)
(vii)綜合基礎（續） (vii) Basis of consolidation (continued)
另一方面，本行須根據《銀行業（資本）條 On the other hand, the Bank is required under section 3C(1) of the例》第3C(1)條，就下列附屬公司以綜合基礎 Banking (Capital) Rules to calculate its total capital on a consolidated計算其總資本： basis in respect of the following subsidiaries:
2016年12月31日 At 31 December 2016資產總額 權益總額 Total assets Total equity港幣千元 港幣千元附屬公司名稱 Names of subsidiaries 主要業務 Principal activities HK$’000 HK$’000啓福國際有限公司 Carford International Limited －物業持有 – Property holding 33,874 11,308中信銀行國際（中國）有限公司 CITIC Bank International (China) Limited －銀行 – Banking 11,740,227 1,584,390中信保險服務有限公司 CITIC Insurance Brokers Limited －保險經紀 – Insurance broker 122,825 52,862 CKWB-SN Limited CKWB-SN Limited －發行結構 – Issue of structured notes
票據和投資 and investments – – CKWH-UT2 Limited CKWH-UT2 Limited －發行後償票據– Issue of subordinated notes – –香港華人財務有限公司 HKCB Finance Limited －消費借貸 – Consumer financing 6,306,631 519,868嘉華國際財務有限公司 Ka Wah International Merchant Finance Limited－沒有業務 – Inactive 3,907 3,781嘉華銀行（信託）有限公司 The Ka Wah Bank (Trustee) Limited －信託服務 – Trustee services 5,496 5,481恒康香港有限公司 Viewcon Hong Kong Limited －按揭融資 – Mortgage financing 1,389 1,338從事代理人服務的附屬公司均由自身行業的 Subsidiaries not included in consolidation for regulatory purposes監管機構批准及監管，而該等監管安排與 are mainly nominee services companies that are authorised and《銀行業（資本）規則》及香港《銀行業條例》 supervised by a regulator and are subject to supervisory arrangements闡述有關維持充足資本以支持業務活動之條 regarding the maintenance of adequate capital to support business例相近，故此，根據《銀行業（資本）規則》 activities comparable to those prescribed for authorised institutions第3部份，本行以綜合基礎計算其總資本時 under the Banking (Capital) Rules and the Banking Ordinance. The並不包括以下附屬公司： following subsidiaries are deducted from theBank’s capital base under Part 3 of the Banking (Capital) Rules:
2016年12月31日 At 31 December 2016資產總額 權益總額 Total assets Total equity港幣千元 港幣千元附屬公司名稱 Names of subsidiaries 主要業務 Principal activities HK$’000 HK$’000香港華人銀行（代理人）有限公司 The Hongkong Chinese Bank －代理人服務 – Nominee services 4 4 (Nominees) Limited
嘉華銀行（代理）有限公司 The Ka Wah Bank (Nominees) Limited－代理人服務 – Nominee services 3,082 – Security Nominees Limited Security Nominees Limited －代理人服務 – Nominee services – –中華聯合發展有限公司 Sino-Allied Development Limited －沒有業務 – Inactive 10 10
194中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(B)資本充足（續） (B) Capital adequacy (continued)
(vii)綜合基礎（續） (vii) Basis of consolidation (continued)
於2016年12月31日，本集團並沒有附屬公司 At 31 December 2016, no subsidiaries were included within both在會計及監管而言均被包含在綜合範圍內， the accounting scope of consolidation and the regulatory scope of但兩者的綜合方法有所差別。 consolidation but for which the method of consolidation differs.此外，本集團沒有任何附屬公司只包含在就 There are also no subsidiaries which are included within the regulatory監管而言的綜合範圍內，而不包括在會計而 scope of consolidation but not included within the accounting scope言的綜合範圍內。 of consolidation.
(C)平均流動性維持比率 (C) Average liquidity maintenance ratio
2016 2015截至12月31日止年度 Average liquidity maintenance ratio
平均流動性維持比率* for the year ended 31December* 60.8% 61.8%* 銀行要披露由2016年1月1日或以後之流動 * The average value of liquidity maintenance ratio (“LMR”) is being性維持比率（「LMR」）的平均值。平均流動 calculated based on the arithmetic mean of the average value of LMR性維持比率的計算基於本報告所述期間的 for each month during the reporting period, which is also computed on每月流動性維持比率的簡單平均數，並根 the consolidated basis covering the Bank and certain of its subsidiaries as據金管局要求涵蓋了本行及本行主要附屬 required by the Hong Kong Monetary Authority (“HKMA”).公司綜合基礎計算。
二零一六年報 195
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(D)進一步分析客戶貸款及墊款 (D) Further analysis on loans and advances to customers客戶貸款及墊款是按抵押品、逾期金額及減 Loans and advances to customers analysed by the coverage of值準備的覆蓋面作出分析。按經濟行業進 collateral, overdue amount and the impairment allowance is as行的分析是以金管局所採用的分類及定義為 follows. The economic sector analysis is based on the categories and準。 definitions used by the HKMA.
2016 2015佔有抵押的 佔有抵押的客戶貸款及 客戶貸款及墊款總額 墊款總額客戶貸款及 百分率 客戶貸款及 百分率墊款總額 % of gross 墊款總額 % of gross Gross loans loans and Gross loans loans and and advances advances to and advances advances to to customers customers to customers customers港幣千元 covered by 港幣千元 covered byHK$’000 collateral HK$’000 collateral工商金融 Industrial, commercial and financial
－物業發展 – Property development 13,578,793 54 13,160,361 66－物業投資 – Property investment 25,060,936 67 19,535,863 69－金融企業 – Financial concerns 9,171,320 24 6,742,829 40－股票經紀 – Stockbrokers 3,131,047 49 3,511,763 45－批發及零售業 – Wholesale and retail trade 17,002,524 70 17,915,876 79－製造業 – Manufacturing 10,063,497 29 7,493,445 35－運輸及運輸設備 – Transport and transport equipment 2,946,243 28 3,492,239 22－娛樂活動 – Recreational activities 1,205,638 72 954,102 95－資訊科技 – Information technology 3,451,364 91 14,755 100－其他 – Others 9,831,651 51 7,987,067 50個人 Individuals
－購買「居者有其屋計劃」、– Loans for the purchase of flats under the
「私人發展商參建居屋 Home Ownership Scheme, Private Sector
計劃」及「租者置其屋計 Participation Scheme and Tenants
劃」的樓宇貸款 Purchase Scheme 11,464 100 8,760 100－購買其他住宅物業的貸款– Loans for the purchase of other
residential properties 13,407,510 100 12,404,811 100－信用咭墊款 – Credit card advances 445,821 – 426,795 –－其他 – Others 8,304,307 87 7,850,685 85在香港使用的貸款及 Gross loans and advances for
墊款總額 use in Hong Kong 117,612,115 62 101,499,351 67貿易融資 Trade finance 10,644,560 28 11,061,512 24在香港以外使用的貸款及 Gross loans and advances for
墊款總額 use outside Hong Kong 55,507,566 32 57,308,875 43客戶貸款及墊款總額 Gross loans and advances to customers 183,764,241 51 169,869,738 56
196中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(D)進一步分析客戶貸款及墊款（續） (D) Further analysis on loans and advances to customers (continued)
佔客戶貸款及墊款總額10%或以上，並按個 The analysis of impaired loans and advances to customers of the別貸款用途分類的減值客戶貸款及墊款分析 individual loan usage category, which accounted for10% or more of如下： the gross loans and advances to customers, is as follows: 2016
年內在收益表（回撥）╱撥備的減值虧損減值客戶 Impairment loss逾期客戶 貸款及墊款 個別 綜合 charged to/貸款及墊款 Impaired 減值準備 減值準備 (written back) Overdue loans loans and Individual Collective on income and advances advances to impairment impairment statement to customers customers allowances allowances during the year港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000物業投資 Property investment 64,725 26,095 304 1,858 (728)在香港以外使用的 Gross loans and advances for
貸款及墊款總額 use outside Hong Kong 661,137 647,766 152,342 112,808 74,176 725,862 673,861 152,646 114,666 73,448 2015
年內在收益表減值客戶 撥備的減值虧損逾期客戶 貸款及墊款 個別 綜合 Impairment貸款及墊款 Impaired 減值準備 減值準備 loss charged Overdue loans loans and Individual Collective to income and advances advances to impairment impairment statement to customers customers allowances allowances during the year港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000物業投資 Property investment 33,267 30,297 – 2,755 805批發及零售貿易 Wholesale and retail trade 183,784 162,104 47,931 89,632 147,575在香港以外使用的 Gross loans and advances for
貸款及墊款總額 use outside Hong Kong 471,315 425,472 65,451 162,470 42,676 688,366 617,873 113,382 254,857 191,056
二零一六年報 197
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(D)進一步分析客戶貸款及墊款（續） (D) Further analysis on loans and advances to customers (continued)
按地區分析 By geographical areas
2016
客戶貸款 逾期客戶 減值客戶 個別 綜合及墊款 貸款及墊款 貸款及墊款 減值準備 減值準備 Loans and Overdue loans Impaired loans Individual Collective advances to and advances and advances impairment impairment customers to customers to customers allowances allowances港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000香港 Hong Kong 93,832,960 755,026 1,185,045 482,324 159,342中國內地 Mainland China 66,771,703 493,342 479,970 103,513 111,132美國 United States 5,807,229 – – – 6,526新加坡 Singapore 5,504,082 – – – 13,386其他 Others 11,848,267 101,651 101,651 41,661 32,478 183,764,241 1,350,019 1,766,666 627,498 322,864 2015
客戶貸款 逾期客戶 減值客戶 個別 綜合及墊款 貸款及墊款 貸款及墊款 減值準備 減值準備 Loans and Overdue loans Impaired loans Individual Collective advances to and advances and advances impairment impairment customers to customers to customers allowances allowances港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000香港 Hong Kong 86,650,263 237,088 1,068,869 214,739 169,661中國內地 Mainland China 54,285,267 445,244 229,450 55,424 132,566美國 United States 2,506,895 67,850 68,722 24,011 2,123新加坡 Singapore 12,325,345 – – – 69,809其他 Others 14,101,968 29,238 139,644 2,558 25,217 169,869,738 779,420 1,506,685 296,732 399,376上述地區分析已按交易對手的所在地劃分， The above geographical analysis is classified by the location of the並已考慮風險轉移。由與交易對手處於不同 counterparties after taking into account the transfer of risk. For a國家的一方作出擔保的債權風險將轉至擔保 claim guaranteed by a party situated in a country different from the方的國家賬項中。 counterparty, risk will be transferred to the country of the guarantor.逾期貸款及墊款是指逾期超過3個月的貸款。 Overdue loans and advances are loans that have been overdue for more than three months.
減值貸款及墊款是指按個別基準出現客觀減 Impaired loans and advances are individually assessed loans which值證據而需個別評估的貸款。 exhibit objective evidence of impairment on an individual basis.
198中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(E)逾期資產 (E) Overdue assets
逾期客戶貸款及墊款 Overdue loans and advances to customers
2016 2015佔客戶貸款 佔客戶貸款及墊款總額 及墊款總額百分率 百分率% of total % of total loans and loans and港幣千元 advances to 港幣千元 advances toHK$’000 customers HK$’000 customers貸款及墊款總額 The gross amount of loans and advances has
已逾期達： been overdue for periods of:
－3個月以上至6個月 – 6 months or less but over 3 months 190,035 0.10 300,763 0.18－6個月以上至1年 – 1 year or less but over 6 months 275,830 0.15 155,289 0.09－1年以上 – over 1 year 884,154 0.48 323,368 0.19 1,350,019 0.73 779,420 0.46有抵押逾期貸款及墊款 Secured overdue loans and advances 683,672 503,026
無抵押逾期貸款及墊款 Unsecured overdue loans and advances 666,347 276,394
1,350,019 779,420
持有有抵押逾期貸款及 Market value of collateral held against the
墊款之抵押品市值 secured overdue loans and advances 1,331,375 895,993
個別減值準備 Individual impairment allowances made 369,998 120,281
有明確還款日之貸款及墊款，若其本金或利 Loans and advances with specific repayment dates are classified as息已逾期，並於年結日仍未償還，則列作 overdue when the principal or interest is overdue and remains unpaid逾期處理。即時到期之貸款，若已向借款人 at the year end. Loans repayable on demand are classified as overdue送達還款通知，但借款人仍未按指示還款， either when a demand for repayment has been served on the及╱或貸款已超出借款人獲通知的批准限 borrower but repayment has not been made in accordance with the額，而此情況持續超過上述逾期期限，亦列 demand notice, and/or when the loans have remained continuously作逾期處理。 outside the approved limit advised to the borrower for more than the overdue period in question.
二零一六年報 199
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(E)逾期資產（續） (E) Overdue assets (continued)
逾期客戶貸款及墊款（續） Overdue loans and advances to customers (continued)對於逾期貸款及墊款，本行持有的合格實質 Eligible collateral, which is held in respect of the overdue loans and抵押品主要包括房地產物業。合格抵押品須 advances, is‘Eligible PhysicalCollateral’ which mainly comprises real符合下列條件： estate properties. The eligible collateral should generally satisfy the following:
(a)該資產的市值是可即時決定或可合理 (a) The market value of the asset is readily determinable or can be地確定及證實。 reasonably established and verified.
(b)該資產可於市場出售及有二手市場可 (b) The asset is marketable and there exists a readily available即時將該資產出售。 secondary market for disposal of the asset.
(c)本行擁有可在沒有障礙的情況下按法 (c) TheBank’s right to repossess the asset is legally enforceable and律行使收回資產的權利。 without impediment.
(d)本行在有需要時可對該資產行使控制 (d) The Bank is able to secure control over the asset if necessary.權。
於2016年及2015年12月31日，本集團並無逾 There were no advances to banks and other financial institutions期超過3個月的銀行及其他金融機構墊款。 which were overdue for over three months at 31 December 2016 and 2015.
200中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(F)經重組貸款 (F) Rescheduled loans
2016 2015佔客戶貸款 佔客戶貸款及墊款總額 及墊款總額百分率 百分率% of total loans % of total loans港幣千元 and advances 港幣千元 and advancesHK$’000 to customers HK$’000 to customers經重組貸款 Rescheduled loans 3,218 0.002 12,390 0.01經重組貸款是指借款人因為財政困難或無能 Rescheduled loans are those advances which have been restructured力如期還款而經雙方同意達成重組還款計劃 or renegotiated because of a deterioration in the financial position的墊款，這些經修訂的還款條件對本集團而 of the borrower, or the inability of the borrower to meet the original言並非一般商業條款。客戶重組貸款已扣除 repayment schedule and for which the revised repayment terms are其後逾期超過3個月並已於附註(E)匯報的逾 non-commercial to the Group. Rescheduled loans to customers are期墊款。 stated net of any advances that have subsequently become overdue for over three months and are reported as overdue advances in note (E).
於2016年及2015年12月31日，本集團並無已 There were no advances to banks and other financial institutions重組的銀行及其他金融機構墊款。 which were rescheduled at 31 December 2016 and 2015. (G)取回資產 (G) Repossessed assets
2016 2015港幣千元 港幣千元HK$’000 HK$’000已計入客戶貸款及墊款及其他賬項中 Included in loans and advances to customers and
other accounts 175,768 136,267此數額為於2016年12月31日取回資產的估計 The amount represents the estimated market value of the repossessed市值。 assets at 31 December 2016.
二零一六年報 201
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(H)國際債權 (H) International claims
國際債權指所有貨幣之跨境債權和本地之外 International claim refers to the sum of cross-border claims in all幣債權的總和並參照香港金融管理局有關 currencies and local claims in foreign currencies determined as based國際銀行業務統計報表指定的方法計算。國 on the calculation methodology specified in theHKMA’s Return of際債權包含資產負債表內呈示的按交易對手 International Banking Statistics. International claims are on-balance所在國家或地區分部的風險承擔轉移後佔國 sheet exposures of counterparties which attributable to the country or際債權總額不少於10%的國家或地區分部如 segment, after taking into account risk recognised transfer, constitute下： to not less than10% of the aggregate claims are disclosed as follows. 2016
非銀行私人機構
Non-bank private sector
非銀行
金融機構 非金融
Non-bank 私人機構
銀行 官方機構 financial Non-financial 總額 Banks Official Sector institutions private sector Total港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000離岸中心 Offshore centres 2,896,204 833 6,615,856 39,691,963 49,204,856其中香港 of which Hong Kong 2,478,854 5 5,808,429 26,081,589 34,368,877發展中亞太區 Developing Asia-Pacific 50,674,888 208,914 4,236,338 51,715,487 106,835,627其中中國內地 of which mainland China 47,455,788 60,345 4,236,338 49,388,847 101,141,318 2015
非銀行私人機構
Non-bank private sector
非銀行
金融機構 非金融
Non-bank 私人機構
銀行 官方機構 financial Non-financial 總額 Banks Official Sector institutions private sector Total港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000已發展國家 Developed countries 9,182,883 7,470,058 481,653 3,171,510 20,306,104離岸中心 Offshore centres 9,036,668 723 5,669,452 50,694,275 65,401,118其中香港 of which Hong Kong 6,603,086 156 5,189,936 26,955,846 38,749,024發展中亞太區 Developing Asia-Pacific 54,758,834 243,011 7,810,185 30,989,466 93,801,496其中中國內地 of which mainland China 49,280,348 90,394 7,810,185 29,342,270 86,523,197
202中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(I)內地業務 (I) Mainland Activities
內地業務是指本集團對非銀行交易對手的中 Mainland Activities are mainland China exposures to non-bank國內地風險承擔。此乃根據金管局《內地業 counterparties and their categories and the type of direct exposures務報表》所列示之機構類別及直接風險之類 defined by theHKMA’s Return of Mainland Activities.
別作分類。
2016
財務狀況表內 財務狀況表外
的風險承擔 的風險承擔
On-statement Off-statement
of financial of financial
position position 總額 exposure exposure Total港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 (1)中央政府、中央政府控股的 Central government, central government-
機構及其附屬公司和 owned entities and their subsidiaries and
合資企業 joint ventures (“JVs”) 20,700,996 2,155,791 22,856,787 (2)地方政府、地方政府控股的 Local governments, local government-owned
機構及其附屬公司和 entities and their subsidiaries and JVs
合資企業 14,706,685 517,541 15,224,226 (3)境內中國公民或在中國內地 PRC national residing in Mainland China or other
成立的其他機構及 entities incorporated in Mainland China and
其附屬公司和合資企業 their subsidiaries and JVs 58,513,060 11,931,580 70,444,640 (4)不包括上述第1項的 Other entities of central government not
其他中央政府機構 reported in item 1 above 4,153,460 325,487 4,478,947 (5)不包括上述第2項的 Other entities of local governments not reported
其他地方政府機構 in item 2 above 250,903 17,920 268,823 (6)信貸額用於中國內地的 PRC national residing outside Mainland China or
境外中國公民或對 entities incorporated outside Mainland China
中國境外成立的機構 where the credit is granted for use in
Mainland China 11,699,470 3,280,734 14,980,204 (7)其他被申報機構視為 Other counterparties where the exposures are
中國內地非銀行交易對手之 considered by the reporting institution to be
風險承擔 non-bank Mainland China exposures 23,411,016 3,348,508 26,759,524總額 Total 133,435,590 21,577,561 155,013,151已扣減準備金的資產總額 Total assets after provision 306,416,955
資產負債表內風險承擔佔 On-balance sheet exposures as
總資產百分率 percentage of total assets 43.6%
二零一六年報 203
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(I)內地業務（續） (I) Mainland Activities (continued)
2015
財務狀況表內 財務狀況表外
的風險承擔 的風險承擔
On-statement Off-statement
of financial of financial 總額 position exposure position exposure Total港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 (1)中央政府、中央政府控股的 Central government, central government-
機構及其附屬公司和 owned entities and their subsidiaries and
合資企業 joint ventures (JVs) 14,129,810 316,538 14,446,348 (2)地方政府、地方政府控股的 Local governments, local government-owned
機構及其附屬公司和 entities and their subsidiaries and JVs
合資企業 12,481,333 448,074 12,929,407 (3)境內中國公民或在中國內地 PRC national residing in Mainland China or other
成立的其他機構及其附屬 entities incorporated in Mainland China and
公司和合資企業 their subsidiaries and JVs 52,634,229 6,568,815 59,203,044 (4)不包括上述第1項的 Other entities of central government not
其他中央政府機構 reported in item 1 above 2,429,786 191,868 2,621,654 (5)不包括上述第2項的 Other entities of local governments not reported
其他地方政府機構 in item 2 above 444,713 – 444,713 (6)信貸額用於中國內地的 PRC national residing outside Mainland China or
境外中國公民或對 entities incorporated outside Mainland China
中國境外成立的機構 where the credit is granted for use in
Mainland China 13,213,268 2,343,688 15,556,956 (7)其他被申報機構視為 Other counterparties where the exposures are
中國內地非銀行交易對手之 considered by the reporting institution to be
風險承擔 non-bank Mainland China exposures 26,567,839 2,165,634 28,733,473總額 Total 121,900,978 12,034,617 133,935,595已扣減準備金的資產總額 Total assets after provision 282,534,968
資產負債表內風險承擔佔 On-balance sheet exposures as
總資產百分率 percentage of total assets 43.1%
204中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(J)信貸，巿場及業務操作風險資本要求 (J) Capital charges for credit, market and operational risks (i)信貸風險的資本要求 (i) Capital charge for credit risk
於結算日就使用標準（信用風險）計算法計 The capital charge for different classes of exposures of the Group算的不同類別的風險承擔的資本規定分析如 calculated under the standardised (credit risk) approach at the end of下： the reporting period are analysed as follows:
2016 2015港幣千元 港幣千元HK$’000 HK$’000風險承擔類別： Classes of exposure:
政府機關 Sovereign 45,114 157,833公營機構 Public sector entity 39,235 18,889銀行 Bank 2,689,394 2,858,714證券公司 Securities firm 167,749 187,311企業 Corporate 10,254,662 8,197,444集體投資計劃 Collective investment scheme 86 119現金項目 Cash items 15,871 149,780監管零售 Regulatory retail 442,305 408,453住宅按揭貸款 Residential mortgage loans 546,705 534,621其他非逾期風險 Other exposures which are not past due 381,439 270,055逾期 Past due 96,518 53,837財務狀況表內風險承擔的總資本規定 Total capital charge for on-balance sheet exposures 14,679,078 12,837,056直接信貸代替品 Direct credit substitutes 123,711 65,786與交易有關的或有項目 Transaction-related contingencies 18,038 21,086與貿易有關的或有項目 Trade-related contingencies 134,582 73,654遠期有期存款 Forward forward deposits placed – 15,500其他承擔 Other commitments 232,019 101,650匯率及黃金合約 Exchange rate and gold contracts 355,781 375,676利率合約 Interest rate contracts 15,718 14,758債務證券合約及其他商品合約 Debt security contracts and other commodity contracts 70 –證券融資交易 Securities financing transactions 16 669標準化的信貸估值調整方法 Standardised credit valuation adjustment method 108,223 105,815財務狀況表外風險承擔的總資本規定 Total capital charge for off-balance sheet exposures 988,158 774,594信貸風險總資本規定 Total capital charge for credit risk 15,667,236 13,611,650
二零一六年報 205
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(J)信貸，巿場及業務操作風險資本要求 (J) Capital charges for credit, market and operational risks（續） (continued)
(ii)市場風險的資本要求 (ii) Capital charge for market risk
本集團使用標準計算法計算市場風險。 The Group uses the standardised approach for the calculation of market risk.
2016 2015港幣千元 港幣千元HK$’000 HK$’000利率風險承擔（包括期權） Interest rate exposures (including options) 252,064 128,206外匯風險承擔（包括黃金及期權） Foreign exchange exposures
(including gold and options) 151,977 244,586市場風險的資本要求 Capital charge for market risk 404,041 372,792 (iii)業務操作風險的資本要求 (iii) Capital charge for operational risk
本集團於結算日就使用基本指標計算法計算 The capital charge for operational risk of the Group calculated in業務操作風險的資本要求為： accordance with the basic indicator approach at the end of the reporting period is:
2016 2015港幣千元 港幣千元HK$’000 HK$’000業務操作風險的資本要求 Capital charge for operational risk 912,435 829,169
206中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(K)信貸風險的額外披露 (K) Additional disclosures on credit risk
(i)信貸風險承擔 (i) Credit risk exposure
本集團使用標準普爾及穆廸投資服務等外部 Credit ratings such as from Standard&Poor’s Ratings Services and信貸評級機構評估下列各信貸風險承擔。 Moody’s Investors Service are used for all classes of credit exposures而本集團銀行賬中的信貸評級機構發行人的 mentioned below. The Group follows the process prescribed in Part分類程序與銀行業（資本）規則第四部所述 4 of the Banking (Capital) Rules to map the ratings to the exposures一致。 booked in theGroup’s banking book.
於結算日按風險承擔類別分析的本集團信貸 An analysis of the credit risk of the Group by class of exposures at the風險如下： end of the reporting period is as follows:
2016
確認擔保合約或信貸衍生工具合約涵蓋之總風險額確認抵押 Total exposure經確認減低信貸風險
品涵蓋之 covered by安排後之風險額
總風險 總風險額 recognised Exposures after recognised 風險加權數額
加權數額 Total exposure guarantees credit risk mitigation Risk-weighted amounts
Total risk- covered by or recognised承擔總額 有評級 沒有評級 有評級 沒有評級 weighted recognised credit derivative Total Exposures Rated Unrated Rated Unrated amounts collateral contracts港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 A.財務狀況表內 On-balance sheet
1.政府機關 Sovereign 28,843,615 28,986,233 – 563,926 – 563,926 – 142,618 2.公營機構 Public sector entity 2,361,616 2,452,196 – 490,439 – 490,439 – 54,525 3.銀行 Bank 59,102,772 84,204,645 2,839,747 32,836,340 781,081 33,617,421 – 26,753,715 4.證券公司 Securities firm 4,038,049 – 4,193,714 – 2,096,857 2,096,857 1,014,264 – 5.企業 Corporate 165,206,568 19,045,648 115,115,253 13,030,252 115,153,022 128,183,274 3,734,473 828,929 6.集體投資計劃 Collective investment scheme 1,078 – 1,078 – 1,078 1,078 – – 7.現金項目 Cash items 343,806 – 3,407,709 – 198,385 198,385 3,063,903 – 8.監管零售 Regulatory retail 7,536,493 – 7,371,752 – 5,528,814 5,528,814 133,130 – 9.住宅按揭貸款 Residential mortgage loans 19,368,526 – 19,332,472 – 6,833,811 6,833,811 – – 10.其他非逾期風險 Other exposures which are not past due
exposures 4,915,898 – 4,767,975 – 4,767,998 4,767,998 24,721 – 11.逾期風險 Past due exposures 969,219 1,580 967,639 – 1,206,479 1,206,479 310,321 1,580 B.財務狀況表外 Off-balance sheet
1.場外衍生工具交易及信貸 Off-balance sheet exposures other than
衍生工具合約以外的 OTC derivative transactions or credit
財務狀況表外風險 derivative contracts 128,530,687 86,469 128,444,218 15,096 6,339,270 6,354,366 4,384,218 77,524 2.場外衍生工具交易 OTC derivative transactions 330,545,297 265,218,464 65,326,833 2,208,968 2,435,644 4,644,612 4,193,531 –資本基礎扣除減項後風險承擔 Exposures deducted from capital base –
二零一六年報 207
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(K)信貸風險的額外披露（續） (K) Additional disclosures on credit risk (continued) (i)信貸風險承擔（續） (i) Credit risk exposure (continued)
2015
確認擔保合約或信貸衍生工具合約涵蓋之總風險額確認抵押 Total exposure經確認減低信貸風險
品涵蓋之 covered by安排後之風險額
總風險 總風險額 recognised Exposures after recognised 風險加權數額
加權數額 Total exposure guarantees credit risk mitigation Risk-weighted amounts
Total risk- covered by or recognised承擔總額 有評級 沒有評級 有評級 沒有評級 weighted recognised credit derivative Total Exposures Rated Unrated Rated Unrated amounts collateral contracts港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 A.財務狀況表內 On-balance sheet
1.政府機關 Sovereign 31,639,666 31,730,461 – 1,972,915 – 1,972,915 – 90,795 2.公營機構 Public sector entity 1,122,154 1,180,588 – 236,118 – 236,118 – 78,548 3.銀行 Bank 60,585,504 85,923,850 3,138,849 34,876,727 857,192 35,733,919 – 26,065,246 4.證券公司 Securities firm 4,682,785 97,051 4,585,734 48,525 2,292,868 2,341,393 947,137 – 5.企業 Corporate 145,651,679 15,169,655 89,267,521 13,175,731 89,292,318 102,468,049 1,140,843 1,025,811 6.集體投資計劃 Collective investment scheme 1,489 – 1,489 – 1,489 1,489 – – 7.現金項目 Cash items 230,690 – 13,085,021 – 1,872,256 1,872,256 12,854,331 – 8.監管零售 Regulatory retail 6,942,340 – 6,807,542 – 5,105,657 5,105,657 161,552 – 9.住宅按揭貸款 Residential mortgage loans 18,916,639 – 18,888,420 – 6,682,767 6,682,767 – – 10.其他非逾期風險 Other exposures which are not past due
exposures 3,478,918 – 3,375,683 – 3,375,706 3,375,706 30,828 – 11.逾期風險 Past due exposures 663,388 61,900 601,488 30,232 642,736 672,968 154,548 62,035 B.財務狀況表外 Off-balance sheet
1.場外衍生工具交易及信貸 Off-balance sheet exposures other than
衍生工具合約以外的 OTC derivative transactions or
財務狀況表外風險 credit derivative contracts 103,839,703 80,122 103,759,581 17,314 3,453,632 3,470,946 2,092,598 68,590 2.場外衍生工具交易 OTC derivative transactions 397,940,373 290,491,925 107,448,448 1,973,360 2,907,058 4,880,418 4,155,544 – 3.證券融資交易 Securities Financing Transactions 1,690,716 1,690,716 – 8,358 – 8,358 69,307 –資本基礎扣除減項後風險承擔 Exposures deducted from capital base –
2016年信貸風險加權為1250%的數額為港幣
The amount of credit risk exposures weighted at1250% is nil for 20160元（2015年：港幣0元）
and 2015.
208中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
未經審核補充財務資料 Unaudited Supplementary Financial Information
(K)信貸風險的額外披露（續） (K) Additional disclosures on credit risk (continued) (ii)交易對手信貸風險承擔 (ii) Counterparty credit risk exposures
本集團按現行風險承擔方法計算主要來自場 The following tables summarise theGroup’s main default risk外衍生工具之違約信貸風險概括如下： exposures arising from OTC derivative transactions, which are calculated using the current exposure method:
(1)按交易對手信貸風險承擔的分析如下： (1) Below is an analysis of the counterparty credit risk exposures. 2016 2015場外衍生工具交易場外衍生工具交易 OTC derivative OTC derivative transactions transactions港幣千元 港幣千元HK$’000 HK$’000非證券融資交易 Gross total positive fair value which is not
正公允價值總額 securities financing transactions 4,311,593 3,763,784已確認持有的抵押品： Recognised collateral held:
－債務證券以外 – Other than debt securities 71,470 130,044扣除已確認抵押品價值後的 Default risk exposures net of
淨違約風險承擔 recognised collateral held 7,810,918 7,990,909風險加權數額 Risk-weighted amounts 4,644,612 4,880,418 (2)按交易對手類型而就其風險承擔的主 (2) Below is an analysis of the major classes of exposures by要類別的分析如下： counterparty type.
2016 2015場外衍生工具交易場外衍生工具交易 OTC derivative OTC derivative transactions transactions港幣千元 港幣千元HK$’000 HK$’000名義金額： Notional amounts:
－銀行 – Banks 254,923,445 313,011,182－企業 – Corporates 71,565,026 81,581,296－其他 – Others 4,056,826 3,347,895 330,545,297 397,940,373違約風險承擔： Default risk exposures:
－銀行 – Banks 5,119,742 5,161,223－企業 – Corporates 2,507,477 2,752,227－其他 – Others 183,699 77,459 7,810,918 7,990,909風險加權數額： Risk-weighted amounts:
－銀行 – Banks 2,113,469 2,312,108－企業 – Corporates 2,299,650 2,499,808－其他 – Others 231,493 68,502 4,644,612 4,880,418
二零一六年報 209
Annual Report 2016
未經審核補充財務資料 Unaudited Supplementary Financial Information
(K)信貸風險的額外披露（續） (K) Additional disclosures on credit risk (continued) (iii)減低信貸風險安排 (iii) Credit risk mitigation
本集團通過取得抵押品、與借款人或交易對 The Group mitigates credit risk by means of taking collateral and手訂立可依法執行的可抵銷或按淨額基準結 entering into offsetting or netting agreements with borrowers算的協議，以減低信貸風險。 and counterparties, as the case may be, should such clauses and agreements be legally established and enforceable.
本集團一般接受的有形抵押品包括土地、房 Common types of tangible collateral acceptable to the Group include地產、設備及機械、權益股份、債券及其他 land, real estate, equipment& machinery, equity shares, bonds and可銷售的證券。在決定貸款標準時，不同的 other marketable securities. In determining the loan advancing level,折扣率會引用於抵押品市值。本集團亦接受 respective haircuts will be applied on the current market value of無形抵押品，例如：政府擔保、銀行擔保、 the collateral. The Group also accepts intangible collateral such as企業擔保及個人擔保。 government guarantees, bank guarantees, corporate guarantees and personal guarantees.
(L)銀行賬冊內的股權風險承擔 (L) Equity exposures in banking book
本集團所持的股權投資是以資本收益為目的 Equity investments held by the Group are for capital gain purposes及以持續性持有為基礎。本集團採用可供出 and intended to be on a continuing basis. The Group applies the售證券的會計政策詳細列於財務報表中附註 same accounting policies as detailed in the note 2(e)(ii) of the financial2(e)(ii)，當中包括銀行賬冊內的股權。於年 statements for all available-for-sale securities, including equity結日，在可供出售證券內的上市股權證券以 exposures in banking book. At the statement of financial position公允價值入賬，公平價值乃指當天於相關股 date, equity investments under available-for-sale securities are stated票市場之交易價，而缺乏活躍市場報價的股 at fair value which is determined by reference to prices quoted in the權證券，因其公允價值難以可靠計量，故以 respective stock markets, while unquoted equity investments with no成本減去減值虧損（如有）後入賬。 active market and whose fair value cannot be measured reliably, are carried at cost less impairment losses, if any.
於2016年及2015年本集團並沒有出售任何股 There was no sales of equity investments in 2016 and 2015 and so no權投資，故沒有任何累計可實現收益或虧 cumulative realised gain or loss recognised in the income statement.損確認在損益表中。在2016年12月31日，未 At 31 December 2016, the total unrealised gains ofHK$783,000 (2015:實現總收益為港幣783,000元（2015年：港幣 HK$10,802,000) was recognised in theBank’s reserves but not through10,802,000元）被確認在本銀行的儲備內而沒 the income statement.
有通過損益表入賬。
(M)企業管治 (M) Corporate governance
本集團致力於保持高企業管治水平，在本年 The Group is committed to high standards of corporate governance度內及在所有重要的事項上均符合金管局頒 and has complied, in all material respects, throughout the year with the佈的監管政策手冊內「本地註冊認可機構的 modules on‘Corporate Governance of Locally Incorporated Authorised企業管治」及「穩健薪酬制度指引」所載的 Institutions’ and‘Guideline on a Sound RemunerationSystem’ issued by規定。本行董事會已設立以下委員會包括審 the HKMA. The Board of Directors of the Bank has established a number核委員會、提名委員會、薪酬委員會和信貸 of committees including the Audit Committee, Nomination Committee,及風險管理委員會。該等委員會的構成和職 Remuneration Committee and Credit& Risk Management Committee.能將會詳載於「企業管治及其他資料」並包 Their composition and functions are explained in detail in‘Corporate括在本集團之印刷本報告內。 governance and otherinformation’, which will be included in the
printed version of theGroup’s annual report.
210中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
企業管治及其他資料 Corporate Governance and
Other Information
本集團致力於保持高企業管治水平，在本年度內 The Group is committed to high standards of corporate governance and has及在所有重要的事項上均符合金管局頒佈的監管 complied, in all material respects, throughout the year with the modules on政策手冊內「本地註冊認可機構的企業管治」及 “Corporate Governance of Locally Incorporated Authorised Institutions” and「穩健的薪酬制度指引」所載的規定。 “Guideline on a Sound Remuneration System” issued by the HKMA.董事委員會 Board Committees
本行董事會已設立以下委員會： The Board of Directors of the Bank has established the following committees:
(i)審核委員會 (i) Audit Committee
該委員會為獨立機構，協助董事會獨立檢討 The committee, being an independent body, assists the Board及監察本行的財務匯報流程及內部控制制度 of Directors of the Bank in providing independent review of, and的有效性。該委員會由本行三名董事組成， monitoring, the effectiveness of theBank’s financial reporting process其中兩名為獨立非執行董事。 and internal control systems. The committee comprises three Directors of the Bank, including two Independent Non-executive Directors.
(ii)信貸及風險管理委員會 (ii) Credit& Risk Management Committee
該委員會監督本行的風險管理策略、風險偏 The committee oversees theBank’s risk management strategy,好、風險狀況及資本充足狀況，並確保本行 appetite/tolerance, profile and capital adequacy. It has to ensure that的風險管理功能可在充足權限、規範、獨立 the risk management function of the Bank has adequate authority,性、管理層支持和資源下履行。有關的風險 stature, independence, management support and resources to主要包括信貸、市場、利率、資金流動性、 perform its duties. The risks concerned primarily include credit, market,營運、信譽、法律及策略性風險。該委員會 interest rate, liquidity, operational, reputation, legal and strategic risks.亦負責審批與內部資本充足評估程序有關事 It is also responsible for approving matters relating to Internal Capital宜、反向壓力測試方法，以及審議每年度需 Adequacy Assessment Process (ICAAP), the Reverse Stress Testing (RST)提呈董事會審批的恢復規劃文件。信貸及風 methodology, and endorsing the recovery planning document before險管理委員會通過本行管理層面的多個委員 reporting to the Board for approval on an annual basis. The committee會監督本行的風險管理工作，包括信貸委員 carries out its oversight function on theBank’s risk management會、不良貸款委員會、投資審議委員會、資 through various committees at theBank’s management level,產及負債委員會以及操作風險管理委員會。 including the Credit Committee, Non-Performing Loans Committee,該委員會由本行六名董事組成，其中三名為 Investment Review Committee, Asset and Liability Committee and獨立非執行董事。 Operational Risk Management Committee. The committee comprises six Directors of the Bank, including three Independent Non-executive Directors.
二零一六年報 211
Annual Report 2016
企業管治及其他資料 Corporate Governance and Other Information
董事委員會（續） Board Committees (continued)
(iii)提名委員會 (iii) Nomination Committee
該委員會協助本行董事會評估董事會的架 The committee assists the Board of Directors of the Bank to review構、規模和組成，並在需要作出修訂時提出 the structure, size and composition of the Board and to make意見。該委員會亦協助董事會物色合適人選 recommendations on any proposed changes if necessary. It also assists出任董事、行政總裁、副行政總裁及替任行 in identifying suitable candidates qualified to become Directors,政總裁，並就本行董事、董事長和行政總裁 Chief Executive Officer, Deputy Chief Executive Officer and Alternate的繼任計劃向董事會提出意見。該委員會由 Chief Executive Officer, and making recommendations to the Board本行四名董事組成，其中三名為獨立非執行 on succession planning for Directors, Chairman of the Board and the董事。 Chief Executive Officer of the Bank. The committee comprises four Directors of the Bank, including three Independent Non-executive Directors.
(iv)薪酬委員會 (iv) Remuneration Committee
該委員會負責審批本行薪酬相關的制度和架 The committee is responsible for reviewing and approving the構，以及按照現行浮動薪酬計劃而釐定的花 remuneration-related policies and structure of the Bank, and also紅資金池。該委員會亦負責董事長和按照總 the bonus pool proposed pursuant to the prevailing variable薪酬制度所指的高級管理人員及關鍵員工的 compensation schemes. It is also responsible for approving the具體薪酬安排和被解僱及免職的董事的賠償 remuneration packages of the Chairman, senior management and安排。該委員會亦需確保對本行薪酬制度及 key personnel as defined in the Master Remuneration Policy, and其運作進行年度獨立審閱，包括合法合規。 compensation arrangements relating to the dismissal or removal該委員會由本行四名董事組成，其中三名為 of Directors. The committee has to ensure that an annual review of獨立非執行董事。 theBank’s remuneration system and its operations, which includes an assessment of consistency with the relevant regulatory rules or guidelines, is conducted independently of management. The committee comprises four Directors of the Bank, including three Independent Non-executive Directors.
薪酬事宜 Remuneration Matters
為獎勵員工對本行的持續穩健發展所做出的貢 The Bank seeks to reward staff for their contribution to the success and獻，本行構建了總薪酬制度以及結構清晰的薪酬 sustainable growth of the Bank. To this end, the Bank has put in place the體系，從而使本行得以在激烈的人才競爭中吸引 Master Remuneration Policy and a structured reward system that enables及保留合適的人員，同時促進有效的風險管理及 the Bank to attract and retain appropriate people in the highly competitive推動本行達致業務目標。該政策適用於本行、海 manpower market, promote effective risk management, and support the外分行及其附屬公司。 Bank’s business objectives. The policy is applicable to the Bank, its overseas offices and its subsidiaries.
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CHINA CITIC BANK INTERNATIONAL LIMITED
企業管治及其他資料 Corporate Governance and Other Information
薪酬事宜（續） Remuneration Matters (continued)
為履行其監督本行的薪酬政策和結構的職責，薪 During the year 2016, in executing its role and responsibilities in supervising酬委員會於二零一六年內已執行的主要工作包 theBank’s remuneration policies and structure, the major work performed括： by the Remuneration Committee included:
－檢討本銀行的薪酬政策和制度及其成效及執 – reviewed the remuneration policy and systems as well as the行情況； adequacy and effectiveness of its implementation;
－因應金管局監管要求而進一步強化本銀行就 – updated the Master Remuneration Policy to further strengthen薪酬方面的管治，修訂《總薪酬制度》中有 theBank’s governance, particularly on the deferral provisions, sales關遞延的條款，銷售激勵計劃的制定及新入 incentive scheme design, and also the special award handling職員工的特別獎金安排； to attract new-hired, in response to the tightened regulatory requirements;
－審批有關二零一五年度可變薪酬及二零一六 – reviewed and approved the proposed variable pay for 2015 and the年度薪金檢討建議； pay review proposal for 2016;
－釐定本行高級管理人員及關鍵員工之薪酬福 – determined the remuneration packages of the senior management利； and key personnel of the Bank;
－討論及檢討本銀行各董事之袍金，並提呈董 – discussed and reviewed the fees payable to the directors and made事會通過有關事項； its recommendation to the Board;
－審閱薪酬委員會的職責約章，及檢討薪酬委 – reviewed the RemunerationCommittee’s effectiveness in discharging員會能有效地履行其職責。 its roles and responsibilities, and its terms of reference.
(i)薪酬體系 (i) Reward System
薪酬體系的設計基於總體薪酬框架。總體薪 The reward system is designed based on the Total Compensation酬包括固定薪酬、可變薪酬及福利。 Framework (“TCF”). Total Compensation comprises a fixed component (Guaranteed Cash), a variable component, and benefits.
本行的可變薪酬包括績效花紅，中期激勵薪 TheBank’s variable remuneration includes Performance Bonus,酬及留才獎金，主要是採用現金形式發放。 Medium-term Reward (“MTR”), and Retention Award (“RA”) which長期激勵薪酬則採用虛擬股票計劃形式（賬 mainly take the form of cash bonus, while Long-term Incentive (“LTI”)面價值增值權計劃）。 is a form of phantom share scheme (Book Value Appreciation Rights Scheme).
績效花紅計劃旨在獎勵員工於上一財政年 Performance Bonus Scheme is intended to reward performance in度達成業績目標。在釐定績效花紅資金池 the preceding year. In determination of the Performance Bonus pool時，薪酬委員會會考慮財務指標（包括經營 of the Bank, the Remuneration Committee would consider both溢利及其他財務指標與市場水平的比較）及 financial factors (including Operating Profit and other financial ratios非財務指標（包括合法合規性及內部審計結 against the market) and non-financial factors (including compliance果）。若非財務指標未能達標，績效花紅資 with external regulatory requirements and internal audit findings).金池將被扣減。 Unsatisfactory performance in non-financial factors will lead to reduction of Performance Bonus pool.
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薪酬事宜（續） Remuneration Matters (continued)
(i)薪酬體系（續） (i) Reward System (continued)
分派予個別員工的績效花紅金額取決於員工 Allocations of Performance Bonus to individual employees are based在財務、風險管理、合法合規、業務增長及 on assessment on the achievement against key measures including人事管理等主要指標的達標情況。若員工的 financial, risk management, regulatory and compliance, growth, as可變薪酬達到既定遞延發放的門檻，部分薪 well as people and team. Such variable remuneration is subject to酬將以遞延方式發放，從而使他們的表現及 a deferral provision, under which if the variable remuneration of an其相應業務的風險均可在一定時間內得以驗 employee exceeds the prescribed threshold, a portion of the variable證，確保員工的薪酬與風險覆蓋期掛鈎。若 remuneration will be deferred in order to align remuneration with員工在其職責內有欺詐或其他瀆職行為或違 the time horizon of risk and to allow their performance, including反內部監控制度，未到期部分將被取消。 the associated risks, be validated over a period of time. The unvested deferred remuneration will be forfeited where it is later established that there has been fraud or other malfeasance on the part of the employee or violations by the employee of internal control policies.中期激勵薪酬及留才獎金旨在保留工作表現 The MTR and RA are granted for retention of high-performing staff卓越的員工和關鍵人才。中期激勵薪酬及留 or those in key job roles. Both the MTR and RA have a vesting period才獎金均有遞延條款，若員工於遞延期間被 and will be discounted or forfeited in case the employees have any發現有任何重大違規事件，其中期激勵薪酬 material adverse findings before the MTR or RA is vested.或留才獎金將被扣減或取消。
本行按早前委任外部顧問公司Willis Towers As part of the result after engaging external consultant Willis TowersWatson就總體薪酬框架的調研結果，已於 Watson for a comprehensive review on our TCF, the MTR was2016年取消中期激勵薪酬，並以留才獎金取 cancelled in 2016 and replaced by the RA.
代。
長期激勵薪酬旨在促進高管人員實現股東長 The LTI is aimed to motivate executives towards increasing遠利益並同時實現長期風險管理的作用。在 shareholders’ wealth while balancing long-term risk management.長期激勵計劃下，發放金額取決於本行的資 Under the LTI Scheme, payment of incentive is determined by the產淨值在三年績效期間的增長，並於績效期 appreciation in theBank’s net asset value over a 3-year period and完結後發放。當公司的業績達到既定目標而 is made at the end of the performance period. Payment is deferred產生經濟效益時，獲授予者方可於到期日獲 until performance results create the economic value that triggers an得支付。這方法旨在使員工的薪酬與長遠價 award. It is designed to alignemployees’ reward with long-term value值創造掛鈎。 creation.
214中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
企業管治及其他資料 Corporate Governance and Other Information
薪酬事宜（續） Remuneration Matters (continued)
(ii)制訂薪酬制度的途徑和方法 (ii) Methodologies and Approaches
本行在薪酬方面所採用的方法包括（但不局 Methodologies and approaches applied to remuneration arrangement限於）以下各項： include but not limited to the followings:
－總體薪酬框架：確保合理的薪酬水平 – Total Compensation Framework to ensure optimal level of並提供周全的薪酬方案。 remuneration and to deliver balanced solution.
－市場基準比對：注重市場的相關性， – Market Benchmarking to take into account market relativities,同時平衡吸引、激勵及保留人才的需 having regard to the need to attract, motivate and retain talents.要。
－崗位評估：確定不同崗位的相對重要 – Job evaluation to determine relative size of different position性和價值，從而制定相應的薪酬水平。 and therefore corresponding level of reward.
－績效管理系統：與薪酬體系掛鈎，發 – Performance Management System linked with reward system揚績效導向的公司文化。 to support performance-oriented culture.
－人才識別及分類方法：在發放可變薪 – Talent Identification and Classification Method taking into酬時，綜合考慮員工的績效及潛能並 account performance and potential for differentiation when加以區分。 granting variable rewards.
－人事管理委員會：審批有關員工晉升 – Human Resources Management Committee approves至指定職級的建議。而晉升至部份高 recommendations on promotion of staff at designated ranks.級職位的建議，須經由行長兼行政總 For certain senior positions, approval by President& Chief裁審批。 Executive Officer is required.
－薪酬委員會：在薪酬體系的設計與具 – Remuneration Committee assists the Board in the design and體實施方面協助董事會。薪酬委員會 operation of the remuneration system. The Committee held one於2016年舉行了一次會議。薪酬委員 meeting in 2016. Members of the Remuneration Committee are會成員皆為本行的非執行董事及獲發 Non-executive Directors of the Bank and are paidDirectors’ fee.董事袍金。
－如有需要，由董事長委任顧問公司確 – Engagement of external consulting firm in verification of認激勵計劃的合理有效性。 incentive scheme to ensure effectiveness (to be commissioned by the Chairman of the Board), when necessary.
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薪酬事宜（續） Remuneration Matters (continued)
(iii)高級管理人員及關鍵員工的薪酬 (iii) Remuneration of Senior Management and Key Personnel高級管理人員界定為各主要職能單位主管， Senior Management (“SM”) is defined as heads of major functional關鍵員工界定為活動涉及承擔重大風險或代 units and Key Personnel (“KP”) is defined as those whose activities表本行承擔重大風險的僱員。 involve the assumption of material risk or the taking on of material exposures on behalf of the Bank.
於2016年，有9名員工被歸類為高級管理人 There were 9 employees being classified as SM and 5 employees員，5名員工被歸類為關鍵員工。關於本集 being classified as KP during the financial year of 2016 and aggregate團14名高級管理人員及關鍵員工的薪酬資料 quantitative information on remuneration for the 14 SM and KP is set總匯如下： out below:
(a)2016年及2015年財政年度的薪酬金 (a) Amounts of remuneration for the financial years 2016 and 2015,額，以固定薪酬、可變薪酬進行劃 split into fixed and variable remuneration:
分：
2016 2015
非遞延 遞延 非遞延 遞延 Non-deferred Deferred Non-deferred Deferred高級 高級 高級 高級管理人員關鍵員工管理人員關鍵員工管理人員關鍵員工管理人員關鍵員工 SM KP SM KP SM KP SM KP港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元HK$’000HK$’000HK$’000HK$’000 HK$’000 HK$’000 HK$’000 HK$’000固定薪酬 Fixed remuneration
－薪金及津貼 – Salary and allowance 26,375 7,681 – – 22,674 7,654 – –可變薪酬 Variable remuneration
－績效花紅 – Performance Bonus (“PB”) 23,220 3,002 8,658 772 18,309 4,197 6,475 1,155－留才獎金 – Retention Award (“RA”) – – – – 6,970 1,446 – –－長期激勵薪酬– Long-term incentive (“LTI”) – – 6,739 150 – – 7,617 725
216中信銀行（國際）有限公司
CHINA CITIC BANK INTERNATIONAL LIMITED
企業管治及其他資料 Corporate Governance and Other Information
薪酬事宜（續） Remuneration Matters (continued)
(iii)高級管理人員及關鍵員工的薪酬（續） (iii) Remuneration of Senior Management and Key Personnel (continued)
(b)以遞延形式發放的可變薪酬，分別為 (b) Amounts and form of outstanding deferred variable於2016年12月31日及2015年12月31日(i) remuneration, split into (i) vested, and (ii) unvested as at 31到期，及(ii)尚未到期，總匯如下： December 2016 and 31 December 2015 are set out below: 2016 2015高級管理人員 關鍵員工高級管理人員 關鍵員工 SM KP SM KP港幣千元 港幣千元 港幣千元 港幣千元HK$’000 HK$’000 HK$’000 HK$’000 (i)到期 (i) Vested
－績效花紅 – PB 3,986 613 2,943 315－中期激勵薪酬 – MTR 5,743 1,000 4,453 1,000－長期激勵薪酬 – LTI 5,226^ – 7,710 – (ii)尚未到期 (ii) Unvested
－績效花紅 – PB 14,880 1,524 11,036 1,968－中期激勵薪酬 – MTR 6,664 1,379 13,343 2,837－長期激勵薪酬 – LTI 21,021 827 21,310 1,499^ 在2016年到期，並將在2017年支付。 ^ Vested in 2016 and will be paid in 2017
(c)2016年度授予高級管理人員及關鍵員 (c) Amounts of deferred variable remuneration for the financial工並需延付的可變薪酬金額各自為港 year 2016 for SM and KP wasHK$15,397,000 andHK$922,000幣15,397,000元及港幣922,000元。上述 respectively. The aforesaid are the Deferred Performance Bonus延付的薪酬為遞延績效花紅和長期激 and LTI. For the LTI scheme, payment will be determined by勵薪酬。而長期激勵薪酬的支付將取 achievement of the long-term goals set for the performance決於在三年績效年度內達標的情況。 period of 3 years. The variable remuneration in form of LTI在上文(a)及(b)(ii)中所提到長期激勵薪 reported in (a) and (b) (ii) above are the target cash value at酬就是到期時達到長期目標所發放的 maturity upon achieving the long-term goals.
目標金額。
(d)從支付的角度，於2016年內實際支付 (d) From a 2016 payment perspective, deferred variable的遞延薪酬予高級管理人員及關鍵 remuneration for SM and KP amounted toHK$14,955,000 and員工分別為港幣14,955,000元及港幣 HK$1,613,000 respectively was vested. No discount of deferred1,613,000元。經過業績評估，於2016 variable remuneration was made for performance adjustment.年年度沒有對遞延薪酬進行調減。
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薪酬事宜（續） Remuneration Matters (continued)
(iii)高級管理人員及關鍵員工的薪酬（續） (iii) Remuneration of Senior Management and Key Personnel (continued)
(e)於2016年年度，有1名關鍵員工獲得保 (e) Guaranteed bonuses amounted toHK$750,000 was granted to證花紅，金額為港幣750,000元並會於 1 KP during the financial year of 2016, and will be paid in April2017年度四月發放。於2016年年度， 2017. No SM and KP has been awarded with severance payment並無任何高級管理人員及關鍵員工獲 during financial year of 2016.
發解僱金。
(f) 有關遞延薪酬，員工面對的明顯或隱 (f) Quantitative information aboutemployee’s exposure to implicit藏調整的金額： and explicit adjustments of deferred remuneration: 2016 2015港幣千元 港幣千元HK$’000 HK$’000尚未支付而面對明顯或 Total amount of outstanding
隱藏調整的遞延薪酬 deferred remuneration and
retained remuneration exposed
to ex post explicit/implicit 高級管理人員/SM 21,021 21,310 adjustment 關鍵員工/KP 827 1,499於本財政年度，由於明顯 Total amount of reductions during
或隱藏調整而作出扣減 the financial year due to ex post高級管理人員/SM – –之遞延薪酬總額 explicit/implicit adjustments 關鍵員工/KP – – (iv)風險控制職能員工 (iv) Staff within risk control function
風險控制職能員工包括風險管理、法律、合 Staff within Risk Control Function includes risk management, legal,規、稽核、內部監控及財務管理職能。 compliance, audit, internal control, and financial management function.
風險控制職能人員的薪酬獨立於彼等所監控 The remuneration of Risk Control Function staff is determined by their業務單位的表現，其薪酬評定基於其核心職 functional job responsibilities and achievements against key measures能及職能指標的完成情況。為確保風險控制 specific to the functional role they undertake, which are independent職能人員薪酬達至適當的水平，該職能人員 from the performance of the business they oversee. Remuneration of的薪酬會參照市場水平及內部基制作釐定。 Risk Control Function staff is carefully benchmarked with the market and internally to ensure that it is set at an appropriate level.
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CHINA CITIC BANK INTERNATIONAL LIMITED
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