CITIC Group

CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing. As of 2019, it is China's biggest state-run conglomerate with one of the largest pools of foreign assets in the world.

CITIC Group Corporation Ltd.
Native name
中国中信集团有限公司
Company typeState-owned enterprise
IndustryConglomerate
FoundedJuly 1, 1979 (July 1, 1979)
FounderRong Yiren
Headquarters,
China
Key people
Chang Zhenming (Chairman), Jiong Wang (Vice Chairman, President, Member of Executive Committee and Member of Nomination Committee), Jianzhong Dou (Executive Director and Member of Executive Committee), Wei Min Ju (Chief Financial Officer)
ProductsMetals
Oil & gas
Construction
Food
ServicesFinancial services
Investments
Revenue467,387,430,000 renminbi (2018) 
OwnerMinistry of Finance (100%)
ParentMinistry of Finance
SubsidiariesCITIC Limited
Chinese name
Simplified Chinese中国中信集团有限公司
Traditional Chinese中國中信集團有限公司
CITIC Group
Simplified Chinese中信集团
Traditional Chinese中信集團
Websitewww.group.citic
Footnotes / references
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards
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