CITIC Group

CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation, 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. Its headquarters are in Chaoyang District, Beijing.

CITIC Ltd. is an investment holding company, which engages in the businesses of financial services, resources and energy, engineering contracting, manufacturing and real estate. 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, insurance, and securities sectors. The Resources and Energy segment comprises of the exploration, mining, processing, and trading of energy products and mineral resources as well as power generation. The Manufacturing segment includes the manufacture of special steel, heavy equipment, and aluminum wheels, and castings. The Engineering Contracting segment serves infrastructure, housing, industrial construction, and municipal engineering projects. The Real Estate segment manages residential and commercial properties. The Other Businesses segment provides telecommunications and internet services and the leasing and sale of satellite transponders. The company was founded in 1987 and is headquartered in Hong Kong.