What does Citic group do?

Operating in 5 business sectors：comprehensive financial service, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanization, CITIC is committed to pioneering national goals and to being a leading technology-driven group.

Is Citic Group state owned?

CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People’s Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing.

Who owns Citic Group?

Ministry of Finance of the People’s Republic of China
CITIC Group/Parent organizations

How big is CITIC group?

CITIC Limited (SEHK: 00267) is one of the largest constituents of the Hang Seng Index. As of 31 December 2019, CITIC Limited had total assets of HK$8,290 billion and total ordinary shareholders’ funds of over HK$591 billion.

Where is the headquarters of the CITIC Group?

CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation, is a state-owned investment company of the People’s Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing.

Who is the chairman of CITIC Bank China?

Bai joined China CITIC Bank Corporation Limited’s Financial Markets Department from Bank of Beijing in 2006. In 2009, he took up an additional role at the Chairman Office of CITIC Group, assisting the Group’s Chairman with corporate governance, group projects and business affairs.

Who is the former chairman of CITIC Group?

His son, Larry Yung, was the former chairman of CITIC Group’s listed subsidiary CITIC Pacific. Larry also led the Hong Kong office and parent company of CITIC Pacific since 1986; Larry became a Hong Kong-based businessman since 1978.

Who is the parent company of CITIC Bank?

The Mainland-based CITIC Bank was founded by the group in 1984. The group also acquired 12.5% stake of the Hong Kong flag carrier Cathay Pacific in 1987, and became a member of a shareholders’ agreement in 2006; the stake was sold to fellow state-owned company Air China in 2009. The group also acquired Hong Kong-based Ka Wah Bank in 1986.