CNPC Capital Company Limited

CNPC's listed financial arm: banking, insurance, trust, leasing, securities

What CNPC Capital does

CNPC Capital is the listed financial services platform of China National Petroleum Corporation, China's state oil giant. It bundles almost every kind of finance under one roof: a bank that takes deposits and makes loans, an equipment leasing business, trust and asset management, property and life insurance plus insurance brokerage and claims assessment, and a securities and mutual fund operation. It serves both the sprawling CNPC industrial group and outside corporate and retail customers, in China and cross-border.

How CNPC Capital makes money

It earns net interest income from deposits and corporate/retail lending, rental spreads on financial and operating leases, insurance premiums and underwriting margins, and fees from trust, asset management, securities brokerage, underwriting, and fund distribution. Proprietary securities trading and asset investment add investment income on top of the fee and spread base.

Products & services

• Corporate and retail banking: deposits, loans, bank cards, credit cards, settlement
• Financial leasing, operating leasing and sale-leaseback
• Trust services: asset servicing, asset management and charitable trusts
• Property, liability, credit and guarantee insurance; life and investment-linked insurance
• Insurance brokerage, loss assessment and claims/risk consulting
• Securities brokerage, underwriting and sponsorship, margin trading, and mutual fund management