|Dec 14, 2017|
|Dec 14, 2017|
Currency in HKD
|Full time employees:||127,610|
CITIC Ltd. is an investment holding company, which engages in finance, energy, engineering, manufacturing, and real estate businesses. It operates through the following segments: Financial Services, Resources and Energy, Manufacturing, Engineering Contracting, Real Estate, and Other Businesses. The Financial Services spans the banking, trust, asset management, securities and insurance services. The Resources and Energy segment comprises of the exploration, processing, and trading of resources and energy products, including crude oil, coal, and iron ore. The Manufacturing segment includes manufacturing of special steels, heavy machineries, aluminium wheels, and other products. The Engineering Contracting segment involves contracting and design services for infrastructure, real estate, and industrial projects, etc. The Real Estate segment manages the development, sale and holding of properties. The Other Businesses segment focuses on investment and operation of infrastructures, telecommunication services, motor and food and consumer products business, commercial aviation services, publication services, and others. The company was founded in 1987 and is headquartered in Hong Kong.
Citic is China's largest state-run conglomerate. It is engaged in a wide variety of businesses, from property development to heavy industry to resources, though its primary focus is the financial sector, including banking and securities. It is affiliated with Japanese trading house Itochu and Thai conglomerate Charoen Pokphand Group.
Subsidiaries Citic Securities, China's largest securities company, and China Citic Bank, a second-tier bank, generate steady revenues.
One group business that has been struggling is Citic's iron ore mine development project in Western Australia.
In 2014, Citic transferred its assets, including shares in group companies, from its unlisted intermediary holding company to its Hong Kong-based listed company as part of reforms of state-run companies. State-run investment funds, such as Qatar Holding and Singapore's Temasek Holdings, invested in the Hong Kong company.
Citic got its start as China International Trust and Investment Corp., which was established in 1979 with the backing of Deng Xiaoping.
Citic founder Rong Yiren was dubbed the "Red Capitalist" and later served as vice president of China. Citic Chairman Chang Zhenming is known to have close ties with Chinese President Xi Jinping.
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- Local currency
- US Dollar
|Income before tax||65,524M|
|Dividends per share||0.33|
|Operating cash flow||254,859M|
Currency in HKD
|Income before tax||8,441.14M|
|Dividends per share||0.04|
|Operating cash flow||32,832.25M|
Currency in USD
- Vice Chairman & President: Jiong Wang
- Joint Secretary: Wing Kay Choy
- Joint Secretary: Kang Wang
- Government of China(58.1%)
- Chia Tai Bright Investment Co. Ltd.(20%)
- Youngor Group Co., Ltd.(5%)
- The Vanguard Group, Inc.(0.5%)
- BlackRock Fund Advisors(0.4%)
- State Street Global Advisors Asia Ltd.(0.2%)
- Norges Bank Investment Management(0.2%)
- Tokio Marine Holdings, Inc.(0.1%)
- Dimensional Fund Advisors LP(0.1%)
- BlackRock Advisors (UK) Ltd.(0.1%)
- Website: http://www.citic.com
- Address: 32nd floor, CITIC Tower, 1 Tim Mei Avenue Central, Hong Kong, Hong Kong
- Phone: +852.2820.2111
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