Is CITIC Group a state-owned enterprise or a central enterprise?

CITIC Group is a state-owned enterprise. China CITIC Group Co., Ltd., formerly known as China International Trust and Investment Corporation, is a central financial enterprise. The main business is mainly financial, industrial and other service industries. With the approval of the State Council, China CITIC Group Corporation was restructured into a wholly state-owned company in 20112 and renamed as China CITIC Group Co., Ltd. (hereinafter referred to as "CITIC Group").

In fact, CITIC Group's business mainly focuses on the following aspects:

1. The financial industry includes commercial banks, securities, insurance, trust, asset management, funds and leasing. , with complete business categories and obvious comprehensive advantages.

2. Non-financial industry mainly involves real estate infrastructure and regional development business, engineering contracting business, resources and energy business, manufacturing business, information industry, commerce and service industry.

After years of reform and development, CITIC Group has established a good reputation at home and abroad, formed huge intangible assets, and has a group of professionals familiar with the market economy.