Citic Bank was established in 1987, which was one of the earliest emerging commercial banks in China during the reform and opening up period. It is also the first commercial bank in China to participate in domestic and foreign financial market financing. It is well-known at home and abroad for its many firsts in the modern financial history of China and has made positive contributions to China's economic construction. In April 2007, the Bank listed A+H shares on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange.
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Development course of China CITIC Group Co., Ltd.
(1) China CITIC Group Co., Ltd. (formerly China International Trust and Investment Corporation) was founded by Comrade Rong Yiren in 1979 with the support of Comrade Deng Xiaoping.
(2) In 2002, China International Trust & Investment Company was restructured and renamed as China CITIC Group Corporation, becoming a national authorized investment institution.
(3) On 2011,China CITIC Group Corporation was restructured as a wholly state-owned company, renamed China CITIC Group Co., Ltd. (CITIC Group for short), and initiated the establishment of China CITIC Co., Ltd. (CITIC Shares for short).
(4) From 2065438 to August 2004, CITIC Group injected CITIC 100% equity into CITIC Pacific, a listed company in Hong Kong, and realized the overall overseas listing.
(5) In 2018, CITIC Group ranked among the Fortune 500 companies in the United States for 10, ranking 149.
(6) As of 20 18 12 3 1, CITIC had total assets of HK$ 7,660.7 billion, operating income of HK$ 533.3 billion and net profit attributable to ordinary shareholders of HK$ 50.2 billion.
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