China CITIC Co., Ltd. is one of the largest comprehensive enterprise groups in China and a constituent stock company of Hang Seng Index. Founded in the early days of reform and opening-up, the company has grown with China's economy and created many successful businesses, covering comprehensive financial services, advanced intelligence, advanced materials, new consumption and new urbanization.
Company mission and development vision
According to the mission requirement of "practicing the national strategy and helping the national rejuvenation" and the development vision of "building an excellent enterprise group and casting a century-old national brand", the company is committed to becoming a leading domestic and world-class science and technology enterprise group that practices the national strategy. The company's unique platform, diversified business portfolio and cooperation scale will enable us to better grasp the opportunities brought by the economic development of China and the world and create long-term value for shareholders.
Company development history
In the late 1970s, with the approval of the State Council, China International Trust and Investment Company was founded by Mr. Rong Yiren, the former vice president and legendary business leader. The registered capital is 600 million yuan. In 1980s and 1990s, CITIC was an important window for China's domestic and foreign investment, and also a pioneer in overseas investment. Citic is the preferred partner of overseas companies, and has always been the first among Chinese enterprises in financing, including 1982 issuing yen bonds, 199 1 listing CITIC Pacific, and 1993 issuing yankee bonds.
2011/February, CITIC Co., Ltd. was incorporated as a joint stock limited company, which is wholly owned by China CITIC Group, and the shareholder of CITIC Group is the Ministry of Finance of China.
20 14 In August, CITIC Pacific, a subsidiary of CITIC Group listed in Hong Kong, acquired 0/00% equity of CITIC/kloc-0 from CITIC Group and changed its name to CITIC. At present, CITIC Group owns 58% shares of CITIC, and other shares are held by independent shareholders.
Corporate business group
The integrated financial services department is committed to becoming a leader in integrated financial services. Through the establishment of financial control group, we will deepen the coordination between financial businesses, build a unified financial control platform, strengthen and optimize the financial segmentation field, and enhance the ability to serve the real economy.
Jinkong
Founded in March 2022, CITIC Financial Holdings is the first financial holding company to obtain a license from the People's Bank of China. It is a comprehensive financial service enterprise with complete financial license and extensive business.
bank
CITIC Bank is one of the national commercial banks with strong comprehensive strength and brand competitiveness. Its main businesses include corporate finance, retail finance and financial markets, with total assets exceeding 8.5 trillion yuan.
trust
CITIC Trust is a leading trust company with comprehensive strength in China. Its main business includes trust business, inherent business and asset management business of professional subsidiaries.
insurance
CITIC Prudential Life Insurance is held by China CITIC Financial Holdings Co., Ltd. and British Prudential Group Co., Ltd. 50% respectively, mainly engaged in life insurance, health insurance, accident insurance and other insurance businesses and reinsurance business of the above businesses.