Want to know if CITIC Group is a state-owned enterprise?

CITIC Group is a state-owned enterprise.

China CITIC Group Co., Ltd. (formerly known as China International Trust and Investment Corporation, hereinafter referred to as CITIC Group) is a central financial enterprise, and its main business focuses on financial and industrial services.

CITIC Group has now developed into a large-scale comprehensive multinational enterprise group with both finance and industry. Among them, finance involves banks, securities, trusts, insurance, funds, asset management and other industries and fields; The industry involves real estate, project contracting, resources and energy, infrastructure, machinery manufacturing, information industry and other industries and fields, with strong comprehensive advantages and good development momentum.

As of June 5438+February 3, 20201,CITIC's total assets amounted to HK$ 9,740.8 billion, and the equity attributable to ordinary shareholders amounted to HK$ 674.3 billion.

The definition of state-owned enterprises:

State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises at the same level and enterprises formed by investment step by step under the supervision of central and local state-owned assets supervision and administration institutions and other departments.

State-owned enterprises have ownership or control over their capital, and the will and interests of the government determine the behavior of state-owned enterprises. State-owned enterprises are the backbone of national economic development and the pillar of Socialism with Chinese characteristics.