China CITIC Bank (simplified Chinese: 中信银行; traditional Chinese: 中信銀行; pinyin: Zhōng Xìn Yínháng) is China's seventh-largest lender in terms of total assets.[citation needed] It was known as CITIC Industrial Bank until it changed its name in August 2005.[citation needed] China CITIC Bank, established in 1987, is a nationally comprehensive and internationally oriented commercial bank. The bank operates in almost 130 countries, and maintains a strong foothold on the mainland banking industry.