China International Trust & Investment Corporation
CITIC group – established on Oct. 4, 1979 by Rong Yiren, former Vice President of PRC. 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.
By the end of 2006, CITIC's total assets stood at RMB 929.2 billion with an after-tax profit of RMB 6.09 billion. CITIC is mainly engaged in financial industry, holding finance subsidiaries with complete licenses in banking, securities business, insurance, trusts business, funds, futures, etc. It owns comprehensive advantages and good development foreground in financial business. In the year 2006, CITIC’s financial subsidiaries obtained great achievements in reform and development, and major finance subsidiaries achieved a new profit record. Up to the end of 2006, the total assets of finance subsidia-ries have reached RMB 816.1 billion, which is 78.3% of CITIC Group’s total assets. Total revenue amounted to RMB 38.77 billion, which was 47% of CITIC Group’s total revenue; net profit amounted to RMB 5.04 billion, which was 77.9% of CITIC Group’s net profit.
Board of Directors
|Kong Dan||Chairman of the Board of Directors|
|Chang Zhenming||President and Vice Chairman|
|Jing Shuping||Executive director|
|Yung ChiKin||Executive director|
|Mi Zengxin||Executive director|
|Dou Jianzhong||Executive director|
|Li Shilin||Executive director|
|Wen Jinping||Executive director|
|Wang Jiong||Executive director|
|Zhao Jingwen||Executive director|
|Chen Xiaoxian||Executive director|
|Mi Zengxin||Vice president|
|Dou Jianzhong||Vice president|
|Li Shilin||Vice president|
|Wang Jiong||Vice president|
|Zhao Jingwen||Vice president|
|Chen Xiaoxian||Vice president|
|Ju Weimin||Chief financial officer|
|Luo Ning||Assistant president|
|Wang Dongming||Assistant president|
|Sun Yalei||Assistant president|
- CITIC Holdings
- China CITIC Bank
- CITIC Securities Co., Ltd.
- CITIC Trust Co.,Ltd.
- CITIC Prudential Life Insurance Company Ltd.
- CITIC International Financial Holdings Limited
- CITIC Ka Wah Bank Ltd.
- CITIC Asset Management Corporation, Ltd.
- CITIC Hong Kong (Holdings) Limited
- CITIC Guoan Group
- CITIC USA Holding Inc
- National Stadium Co.,Ltd.
- CITIC Construction
- Central and Southern China Municipal Engineering Design & Research Institute
- Wuhan Architectural Design InstituteSiwei
- CITIC International Contracting Inc.
- CITIC International Cooperation Co., Ltd.
- CITIC Australia Pty. Limited
- CITIC United Asia Investment Limited
- CITIC Metal Co., Ltd.
- CITIC Resources Holdings Limited
Real Estate and Infrastructure
- CITIC East China Group
- CITIC Tianjin Industrial Development Inc.
- CITIC Shenzhen (Group) Co.
- CITIC REAL ESTATE Co.,Ltd
- CITIC South China (Group) Co., Ltd.
- CITIC Investment Holdings Limited
- CITIC Heavy Industries Company Ltd (CITIC HIC)
- CITIC Machinery Manufacturing Co.,Ltd.
- Macau Cement Manufacturing Co., Ltd.
- Bohai Aluminum Industries Ltd.
- Sundance Forest Industries Co.,Ltd.
Communications and Information Technology
- CITIC Networks Co., Ltd.
- CITIC Application Service Provider Co., Ltd.
- China Interprise Communications,Ltd.
- CITIC Digital Technology Co.,Ltd.
- Asia Satellite Telecommunications Company Limited
Trading and Services
- China Zhonghaizhi corporation
- China International Economic Consultants Co., Ltd.
- CITIC Publishing House
- CITIC International Co., Ltd
- CITIC Travel Co.,Ltd.
- CITIC Shenzhen Investment Group Co. Ltd
- Beijing CITIC Investment Corp.
- CITIC Automobile Co., Ltd
- China Ningbo Group
- Capital Mansion Beijing
- CITIC Offshore Helicopter Co.,Ltd.
Overseas Representative Office
- CITIC Representative Office in Japan
- CITIC Representative Office in New York
- CITIC Representative Office in Kazakhstan