CITIC Group is not listed as a state-owned capital investment company. Do you know why?

Any enterprise is controlled by the boss. There are many names of bosses, such as legal representative, enterprise founder, major shareholder, chairman and so on. Although there are many names, there is only one actual controller. This person can decide the development direction and nature of the enterprise, as well as the cultural and class attributes of the enterprise. CITIC Group is a ministerial-level enterprise, and the chairman of CITIC Group is a ministerial-level enterprise. The Chinese statue in Beijing CBD, also known as CITIC Building, is the office building of CITIC Group.

CITIC Bank is a holding subsidiary of China CITIC Co., Ltd., with a shareholding ratio of over 65%, which is absolute holding; CITIC is a holding subsidiary of CITIC Group, with a shareholding ratio of 58%. CITIC Group is a wholly state-owned company, and the Ministry of Finance holds 100% of the shares. In this way, the state-owned capital represented by the Ministry of Finance has the ultimate control over CITIC Bank, which should be regarded as a state-owned enterprise. But it is not a wholly state-owned enterprise, but a state-owned joint-stock enterprise. In addition, the degree of marketization of state-owned enterprises in the financial industry is generally high, and the color of traditional state-owned enterprises is relatively light.

The notice clearly pointed out that five enterprises, including China Baowu, SDIC, China Merchants Group, China Resources Group and China Building Materials, were officially transformed into state-owned capital investment companies. Among these enterprises, China Resources Group and China Merchants Group are very large central enterprises, and it is understandable that they can be transformed into state-owned capital investment companies. But in addition to these two large central enterprises, there is also a large central enterprise that has attracted everyone's attention, that is, CITIC Group.

The reason is simple, because CITIC Group is not managed by SASAC. At present, SASAC has 97 central enterprises, including China Merchants Group, China Resources Group, Baowu Iron and Steel Group, National Development and Investment Group and China Building Materials Group. The state-owned capital reform, the establishment of state-owned capital investment companies, is also managed by the State-owned Assets Supervision and Administration Commission (SASAC). He can only integrate enterprises within the scope of management, and certainly can't manage enterprises that don't belong to him.