CITIC Limited (SEHK: 00267) is one of China's largest conglomerates and a constituent of the Hang Seng Index. Tracing our roots to the beginning of China’s opening and reform, CITIC has grown in step with the country's rise and modernisation. We have built a remarkable portfolio of businesses in comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption and new-type urbanisation.
We are driven today by the same values on which we were founded: a pioneering spirit, a commitment to innovation and a focus on the long term. We embrace world-class technologies and aim for international best practices. We are guided by a strategy that is consumer-centric, commercially-driven, and far-sighted in the allocation of capital and resources.
Our platform is unique in its diversity and scale, allowing CITIC to capture emerging opportunities in China and around the world. Guiding us as we grow is our fundamental commitment to create long-term value for all of our shareholders.
As of 31 December 2020, CITIC Limited had total assets of HK$9,741 billion and total ordinary shareholders' funds of over HK$674 billion.
In 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 ans issuing the first Chinese Yankee bond in 1992.Read more
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