Introduction
China's Citic Group Inc (CITIC Group) was initiated by Comrade Deng Xiaoping, chief designer of China's reform and opening up, and was founded in October 1979 by former vice president Rong Yiren. As a window and pilot for China's opening up to the outside world, CITIC Group has become an international large multinational enterprise group after more than 20 years of development. It has established a good reputation at home and abroad, and has made due contributions to China's reform and opening up and modernization drive. Deng Xiaoping and Jiang Zemin once wrote inscriptions for CITIC Group. CITIC Group is a state authorized investment institution. There are 28 wholly-owned subsidiaries in the territory, 7 domestic holding companies, 6 wholly-owned subsidiaries in Hong Kong and Macao and overseas, 2 holding companies in Hong Kong and Macao, and 7 domestic and overseas listed companies, with representative offices in Tokyo, New York and Frankfurt. The main business of CITIC Group is financial industry, information industry and trade service industry, and other investment and service businesses involve many fields. Up to 20...
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