As of June, 20 19, CITIC Group held 6 1.85% of the A shares of CITIC Bank, while the controlling shareholders of CITIC Group were People's Republic of China (PRC) and the Ministry of Finance, and the Ministry of Finance controlled 0/00% of the shares of CITIC Group, thus indirectly controlling CITIC Bank. Therefore, in a strict sense, CITIC Bank is still a state-controlled bank.
Extended data
China CITIC Group Co., Ltd. was initiated and approved by Deng Xiaoping, the chief architect of reform and opening up, and was founded by Rong Yiren, former vice president of China, on June 4th. 1979+05438. With the approval of the State Council, on February 201KLOC-0/65438, China CITIC Group Corporation was restructured into a wholly state-owned company, referred to as China CITIC Group Co., Ltd. CITIC Group owns six domestic A-share listed companies, including citic guoan, CITIC Bank, CITIC Securities, CITIC Haizhi, citic heavy industries and 600084ST China-Portugal.
CITIC Pacific issued an announcement on the Hong Kong Stock Exchange in the evening, officially announcing that the company is negotiating with CITIC Group and other interested parties on the potential acquisition of CITIC 100% equity. In addition, it was revealed that after the acquisition, CITIC Group will be fundamentally transformed into a local company in Hong Kong, not just a backdoor listing in Hong Kong, and its headquarters will also be moved from Beijing to Hong Kong, becoming the first centrally controlled state-owned enterprise registered in Hong Kong and holding a large financial group.
Baidu Encyclopedia-China CITIC Bank
Baidu Encyclopedia-CITIC Group