CITIC plans to jointly invest with Baidu in direct bank

Baidu Inc, the country’s biggest online search company, is set to enter the private banking sector by teaming up with CITIC Bank. [Photo provided to China Daily] CITIC Bank, the country’s seventh-largest commercial bank by assets, plans on majority holding in the direct bank it is going to jointly set up with Baidu. The Baixin Bankā€¦