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.[2] Its headquarters are in Chaoyang District, Beijing.[3] As of 2019, it is China's biggest state-run conglomerate[4] with one of the largest pools of foreign assets in the world.[5]

Quick facts: Native name, Type, Industry, Founded, Founder... ▼

CITIC Group Corporation Ltd.

Headquarters at China Zun
Native name	中国中信集团有限公司
Type	State-owned enterprise
Industry	Conglomerate
Founded	July 1, 1979; 43 years ago (July 1, 1979)
Founder	Rong Yiren
Headquarters	Beijing , China
Area served	People's Republic of 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)
Products	Metals Oil & gas Construction Food
Services	Financial services Investments
Revenue	¥375 billion RMB (2013)
Operating income	¥71 billion RMB (2013)
Net income	¥38 billion RMB (2013)
Total assets	¥4.300 trillion RMB (2013)
Total equity	¥272 billion RMB (2013)
Owner	Ministry of Finance (100%)
Parent	Ministry of Finance
Subsidiaries	CITIC 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
Transcriptions Standard Mandarin Hanyu Pinyin Zhōngguó zhōngxìn jítuán yǒuxiàn gōngsī
CITIC Group
Simplified Chinese	中信集团
Traditional Chinese	中信集團
Transcriptions Standard Mandarin Hanyu Pinyin zhōngxìn jítuán
Website	https://www.group.citic/en/
Footnotes / references in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1]