CITIC Bank International Singapore focuses on private and corporate banking, offering global asset allocation, international settlement, and wealth management services for high-net-worth individuals and cross-border enterprises. This article systematically outlines the account opening conditions, AUM thresholds, required documents, and fee structures for personal and corporate accounts based on official information. It also analyzes which types of clients are suitable for specific accounts and potential compliance and operational considerations from the perspectives of overseas real estate investment and trade practices.
For Chinese investors and business owners planning to allocate assets in Singapore, engage in cross-border trade, or establish a global holding structure, the personal and corporate accounts offered by China CITIC Bank (International) Singapore Branch serve as a crucial gateway into the international banking system. This article, based on publicly available bank materials, systematically breaks down the account advantages, opening conditions, and fee structures, and provides practical advice from the perspectives of overseas real estate investment and cross-border business.
China CITIC Bank International is a comprehensive commercial bank with over a century of roots in Hong Kong, operating diverse businesses including personal banking, corporate banking, wealth management, and global markets in Hong Kong and overseas markets. Its Singapore branch is one of its key strategic deployments in Southeast Asia, leveraging its Hong Kong and mainland background to provide cross-border financial solutions for clients in the Asia-Pacific region.
At the Singapore branch, personal accounts primarily serve high-net-worth individuals (HNWIs) in the form of private banking, emphasizing assets under management (AUM), customized wealth management, and global investment opportunities. Corporate accounts, on the other hand, focus more on the cross-border settlement and trade financing needs of Singapore companies and their affiliated enterprises. It is generally recommended to apply for a corporate account after successfully opening a personal account to enhance the coherence and success rate of the overall review process.
What is the positioning of CITIC Bank (International) Singapore Branch's personal accounts?
According to the information provided by the bank, to open a personal account at China CITIC Bank International Singapore Branch, the following main documents need to be prepared:
In terms of compliance review, the bank will focus on the legality and traceability of the source of wealth, such as whether funds come from normal business profits, salary income, or compliant investments. For high-net-worth clients with complex equity structures or multiple income channels, organizing tax documents, company dividend certificates, and investment transaction records in advance can significantly improve review efficiency and success rates.
What are the hard requirements for Asset Under Management (AUM) for personal accounts at China CITIC Bank International Singapore?
According to the information, the main fee structure for personal accounts at CITIC Bank (International) Singapore Branch includes:
From a cost structure perspective, the bank targets high-net-worth individuals by setting high thresholds for the minimum initial deposit and monthly account balance; meanwhile, it does not charge additional platform fees, management fees, or account closure fees, highlighting the "non-retail" positioning of private banking services. For clients who frequently conduct large cross-border transfers, the outgoing fee of USD 60–200 per transaction is generally acceptable compared to the fund size, but it still needs to be considered comprehensively in asset allocation and fund routing design.
What is the basic positioning of corporate accounts at China CITIC Bank (International) Singapore Branch?
The documentation requirements for corporate accounts are more complex than those for personal accounts, primarily covering several aspects such as company entity information, director and shareholder details, associated company proofs, and actual business credentials:
Singapore Company Documents:
Director and Shareholder Information:
Associated Company Documents:
Business Documents (Trade Proofs):
Customer Agreement and Account Opening Manual:
Why is it particularly emphasized that 'affiliated companies must have overseas business' for corporate accounts?
Corporate accounts maintain a relatively consistent framework in fee structure compared to personal accounts, but with different monetary thresholds:
Compared to personal accounts, corporate accounts have a much lower AUM threshold (at the USD 200,000 level), which better aligns with the capital scale of small and medium-sized trading companies or service organizations. Considering that businesses often have higher-frequency cross-border payment and receipt needs, their transfer fees may account for a larger proportion of total costs than for individual clients. Therefore, when designing trade terms, selecting settlement currencies, and choosing payment channels, it is necessary to comprehensively consider speed, cost, and compliance requirements.
For purely personal overseas real estate investment, is a corporate account necessary?
Is it necessary to visit Singapore in person to open a personal account?
From the perspective of overseas real estate and global asset allocation, what practical value do personal accounts offer?
If the AUM of 2 million USD is not currently met, is there still a possibility to open an account?
What compliance risks does the bank focus on during the account opening process?
Is it also necessary to travel to Singapore to open a corporate account?
What types of enterprises are more suitable for opening accounts at the Singapore Branch of this bank?
What are the most commonly overlooked points by corporate ultimate beneficial owners when preparing documentation?
What advantages can the existence of personal accounts provide when opening a corporate account?
If planning to engage in cross-border brokerage, underwriting, or real estate-related services, how to choose an account combination?
For most Chinese high-net-worth clients, what is the value of a China CITIC Bank (International) Singapore account?