CITIC Limited (00267.HK) is one of China’s largest conglomerates and a constituent of the Hang Seng Index. The company is focused on five business segments: comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption and new-type urbanisation.
The predecessor of CITIC Limited, China International Trust and Investment Corporation, was established by Mr Rong Yiren with the support of Mr Deng Xiaoping. It played a crucial role as a pilot for national economic reform and an important window on China’s opening to the outside world. CITIC successfully blazed a new trail of development for China’s reform and opening up and modernisation by raising foreign capital, introducing advanced technologies and adopting advanced international practice in operation and management.
After years of development, relying on its strengths in marketisation and internationalisation, CITIC has developed into a multinational conglomerate with synergies between industrial and financial sectors, diverse businesses and operations in around 160 countries and regions. In August 2014, CITIC became a listed company in Hong Kong, further accelerating its internationalisation.
In recent years, with a vision of “building an outstanding conglomerate with a lasting reputation”, CITIC has comprehensively deepened reforms, promoted high-quality development and continuously enhanced its value creation capability and shareholder returns. In the financial sector, the company has taken the lead in establishing a financial holding company in China, launched the “Financial Core” initiative and promoted the development of the financial sector. In the industrial businesses, CITIC has been striving to promote high-end, green and intelligent capabilities to help strengthen the resilience of industrial supply chains and to promote coordinated regional development. The “Industrial Starlink” initiative has been launched to facilitate a smooth transition between old and new growth drivers.
As of 30 June 2025, CITIC Limited had total assets of RMB12,495 billion and total ordinary shareholders' funds of RMB764,680 million.
Read moreIn the late 1970s legendary businessman and statesman Mr Rong Yiren established the China International Trust and investment Corporation on instructions of the State Council of the People's Republic of China. It had a registered capital of RMB600 million. In the 1980s and 1990s CITIC was a key window on China for both foreign and domestic investment, and a pioneer in Chinese overseas investment. It was the Chinese partner of choice for many foreign companies, and a leaser in finance industry issuing China's first foreign currency bond, in Yen in 1982, listing CITIC Pacific in 1991 and issuing the first Chinese Yankee bond in 1993.
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