Tencent Cloud has signed a strategic cooperation agreement with China CITIC Bank International (CNCBI), a deal that will see the Hong Kong lender rebuild its core banking systems on the cloud and embed artificial intelligence across risk controls and day-to-day operations. The Tencent Cloud CNCBI partnership was announced at Tencent Cloud Day Hong Kong on 18 June 2026.

The two companies described the agreement as one of the broadest tie-ups between a Chinese-funded bank in Hong Kong and a cloud provider. 

It was signed by Jared Jiang, General Manager of the Financial Service Industry at Tencent Cloud Hong Kong and Macau, and Tang Bin, Deputy Chief Information Officer at CNCBI.

The signing ceremony was witnessed by Carlos Hu, Vice President of Tencent Cloud, and Wendy Yuen, Head of Personal and Business Banking Group at CNCBI.

At the centre of the agreement is a plan to build a next-generation core banking architecture for the bank. 

Both sides also said they would explore domestic technology stack alternatives for CNCBI’s financial systems, a sign of the growing interest among Chinese-funded banks in reducing reliance on foreign infrastructure.

The partnership covers AI deployment aimed at improving fraud detection and risk control, automating internal workflows, and supporting customer-facing services. 

CNCBI said the work forms part of its FinTech 2.0 programme, which it has structured around three pillars: “Shenzhen-Hong Kong Synergy, AI-Driven, Phantomization”.

Tencent Cloud’s Growing Hong Kong Banking Roster

The agreement extends Tencent Cloud’s push into Hong Kong’s banking sector. The company has already partnered with  Fusion Bank, Airstar Bank, and Futu Securities, based on its showing at Hong Kong Fintech Week 2025. 

“By combining Tencent Cloud’s cloud infrastructure and intelligent capabilities with CNCBI’s FinTech 2.0 vision, we are setting new benchmarks for digital transformation and cross‑border financial innovation. This partnership underscores Hong Kong and Macau’s role as leading hubs for regional financial technology development and highlights Tencent Cloud’s commitment to enabling secure, intelligent, and future‑ready financial services,” said Jared Jiang of Tencent.

For CNCBI, the deal ties into its Shenzhen-Hong Kong strategy, which seeks to link its operations across the boundary as part of the wider Greater Bay Area push. The bank serves the Hong Kong and Macau markets.

“By establishing a strategic framework that strengthens our core infrastructure, operational efficiency, and security capabilities, we are building a progressive relationship that enables us to elevate customer experiences across Hong Kong, Macau, and the wider cross‑border banking sector,” said Tang Bin of CNCBI.

Cloud-based core banking has gained traction among Hong Kong lenders looking to cut costs and speed up product development under the city’s compliance regime. 

CNCBI is a Hong Kong-based full-service commercial bank offering wealth management, personal and wholesale banking, and treasury services. 

Meanwhile, Tencent Cloud is a leading cloud provider featuring technological solutions like cloud computing, AI, IoT and network security.