Who owns Citic Group?
Ministry of Finance of the People’s Republic of China
CITIC Group/Parent organizations
CITIC Group Corporation is 100% owned by the Ministry of Finance, according to Qichacha. Only 1% of CITIC group’s total assets were held overseas at the end of 2020, and revenue from overseas operation declined significantly, over 30%, from 2019, and composed about 7.5% of total 2020 revenue.
What does Citic group do?
CITIC Limited (SEHK: 267) is one of China’s largest conglomerates with businesses in comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption and new-type urbanisation.
Is Citic Securities state-owned?
While Citic Group is considered among China’s most important state-owned companies, some of its holdings have faced their own share of financial turbulence in recent years.
Is Citic Bank state-owned?
CITIC Group’s status as one of the largest state-owned financial conglomerates underpins the state’s high propensity to support CNCB. …
How big is Citic?
Guiding us as we grow is our fundamental commitment to create long-term value for all of our shareholders. As of 31 December 2020, CITIC Limited had total assets of HK$9,741 billion and total ordinary shareholders’ funds of over HK$674 billion.
What does CITIC Capital stand for?
ASSET CITIC Capital Holdings Limited (“CITIC Capital”) is an alternative investment management and advisory company. The firm manages USD16 billion of capital through its multi-asset class platform covering private equity, real estate, structured investment & finance, asset management, and special situations.
Where are the headquarters of the CITIC Group?
CITIC Group. Its headquarters are in Chaoyang District, Beijing. As of 2017, it is one of China ‘s biggest conglomerates, with one the largest pools of foreign assets in the world.
How many countries does CITIC own?
It now owns 44 subsidiaries including China CITIC Bank, CITIC Limited, CITIC Trust and CITIC Merchant (mainly banks) in China, Hong Kong, the United States, Canada, Australia and New Zealand .
Why choose cicitic capital?
CITIC Capital has over 150 portfolio companies that span 11 sectors and employ over 820,000 people around the world. The firm combines a deep knowledge of the Chinese business and financial markets with world-class investment expertise to create and maximize value for its investors.