CITIC Company Description
Foreign investors may be rushing into China, but CITIC has built its name on investing Chinese funds outside its homeland. State-owned conglomerate CITIC Group oversees the government's international investments, as well as some domestic ones. Its approximately 45 subsidiaries on four different continents include financial institutions (nearly 80% of the company's assets), industrial concerns (telecommunications, construction, manufacturing), and service companies (media, technology). Holdings include stakes in CITIC Securities, CITIC Pacific, CITIC Resources Holdings, and CITIC International Financial Holdings. CITIC's leadership answers directly to the government's state council.
View the Comprehensive Company Description for CITIC
The Company Description provides a historical perspective of CITIC's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of CITIC's evolution in the marketplace.
