Competitive Market
CITIC Limited operates in highly competitive markets. Failure to compete in terms of product specifications, service quality, reliability or price may have an adverse impact on the Company.
- The comprehensive financial services business faces fierce competition from domestic and international commercial banks and other financial institutions.
- The engineering construction business is challenged by global peers as well as China’s large state-owned enterprises and private companies.
- Resources and energy, manufacturing, property development and management, and other businesses in different sectors also face severe competition over resources, technologies, prices and services.