Internationalisation is a distinctive advantage of CITIC Limited and also a long-term strategic direction of the company. CITIC is committed to promoting high-level openness and establishing a new development framework. The company focuses on its core responsibilities and areas of expertise, adheres to market-oriented and commercial principles, serves as a bridge and a link to the international market and continuously enhances the quality and effectiveness of its international development by optimising resource allocation.
Zhang Wenwu, President of CITIC Limited, presented the company’s approach to internationalisation at the 2024 ESG Global Leaders Conference
Development focus CITIC Limited’s overseas business development focuses on strengthening the competitiveness of its “going global” initiatives and enhancing the appeal of its “bringing in” strategy. To achieve higher quality in “going global”, the company is intensifying its efforts in areas including comprehensive finance, engineering contracting, and digital communications, aiming to promote the entire value chain of its products, services, and technologies in international markets. Simultaneously, to elevate its “bringing in” strategy, CITIC Limited is increasing its focus business plan on strategic mineral resources, high-quality genetic resources and advanced technology.
Business strategy CITIC Limited is strategically focused on the Hong Kong and Macau regions, adhering to the principle of “rooting in, investing in, and serving Hong Kong and Macau”. This area serves as a key hub for CITIC’s internationalisation efforts. The company aims to enhance its financial competitiveness, support the development of the Northern Metropolis, and boost investments in technological innovation. Furthermore, CITIC is committed to expanding its reach in neighboring regions and along the Belt and Road, guided by eight collaborative actions aimed at solidifying partnerships for high quality development. The company focuses on emerging economies and developing countries, governed by the principle of coordination and risk management, reinforcing its business foundations in key markets. CITIC plans to steadily expand into the markets of developed economies, with a focus on compliance, cultural integration, and risk mitigation to ensure sustainable growth and improved operational efficiency, while deepening relationships with strategic partners like Charoen Pokphand Group and Itochu Corporation.
Business direction The comprehensive financial services segment plans to concentrate on the “Financial Core” initiative, delivering higher quality and more efficient cross-border financial solutions. The advanced intelligent manufacturing segment needs to actively integrate into the global manufacturing industry, especially the high-end manufacturing supply chain, accelerating the establishment of international competitive advantages in product supply, market services, and innovative development. The advanced materials segment shall focus on key products such as copper, iron, niobium, and lithium, striving to promote the improvement of quality and efficiency in resource development. The new consumption segment needs to identify growth opportunities in areas like digital communication and agriculture, strengthening the capabilities in digital solutions and accelerating the industrialisation of biological breeding. The new-type urbanisation segment aims to pursue practical cooperation with countries along the Belt and Road, promoting landmark projects and “small but beautiful” community initiatives.
Launching “CITIC, Your Trusted Partner for Going Global and Coming to China” service brands CITIC Limited leverages its comprehensive advantage in combining both finance and industries and the strength in connecting domestic and international markets, creating global full-service solutions to deepen international cooperation, promote mutual benefit and facilitate high-standard opening-up.
Visit of German advanced manufacturing companies to Chongqing: CITIC, in collaboration with the Chongqing Municipal Government, organised the “Visit of German Advanced Manufacturing Companies to Chongqing”. A total of 116 advanced manufacturing and high-performance companies from Germany participated in the trade partnership forum. This event resulted in 12 projects being signed on-site and six entities officially registered.
International strategic shareholder activities in Changsha: For the first time, CITIC facilitated the signing of cooperation agreements between Charoen Pokphand Group, Itochu Corporation, Mizuho Bank, and local governments to expand business operations in Hunan. CITIC invited Itochu Corporation, Mizuho Bank, and Tokyo Marine, among others, to the Dongguan Global Investment Promotion Conference. The goal was to help attract distinguished international participants, explore new business development opportunities in China and collaborate with strategic shareholders to share development prospects.
International strategic shareholder activities in Changsha: For the first time, CITIC facilitated the signing of cooperation agreements between Charoen Pokphand Group, Itochu Corporation, Mizuho Bank, and local governments to expand business operations in Hunan. CITIC invited Itochu Corporation, Mizuho Bank, and Tokyo Marine, among others, to the Dongguan Global Investment Promotion Conference. The goal was to help attract distinguished international participants, explore new business development opportunities in China and collaborate with strategic shareholders to share development prospects.
Launch of “CITIC, Your Trusted Partner for
Going Global and Coming to China”