China CITIC Group Co., Ltd. is a central financial enterprise, which was established on June 4, 1979. The main business is mainly financial, industrial and other service industries. ? July 20 19, CITIC Group ranked 137 according to the Fortune Global 500 published in 20 19.
Central financial enterprises are independent legal persons such as state-owned financial institutions under the leadership of the State Council. The Ministry of Finance, the People's Bank of China, the Insurance Regulatory Commission of the Bank of China and the China Securities Regulatory Commission independently perform their duties. As of February 20th, 20021,according to the directory of central financial enterprises issued by the Ministry of Finance, there are 26 central financial enterprises in * * *, among which CITIC Group is one.
Definition of state-owned enterprises
State-owned enterprises are wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises at the same level supervised by the central and local state-owned assets supervision and administration institutions and other departments and enterprises formed step by step by their investment.
According to the authority of state-owned assets management, state-owned enterprises are divided into central enterprises (state-owned enterprises supervised and managed by the central government) and local enterprises (state-owned enterprises supervised and managed by local governments). Individual central enterprises have a special responsibility in the process of national social and economic development, which belongs to the direct management of the State Council.
It is generally believed that central enterprises have three main characteristics. First, the financial relationship of assets is listed separately in the Ministry of Finance; Second, personnel relations are listed separately in Ministry of Human Resources and Social Security; Third, surgery is listed separately in the national plan.