CITIC Group Corp - Company Profile
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CITIC Group Corp (CITIC), formerly known as China International Trust and Investment Corporation, is a multinational conglomerate. The company’s financial business portfolio covers a range of services including insurance, commercial banking, trust, fund management, investment banking, and asset management. The company’s non-financial businesses include resources and energy, manufacturing, engineering contracting, real estate, and infrastructure. It also has a presence in other business activities such as information services, infrastructure, general trading, environmental services, modern agriculture, publishing and general aviation. The company carries out the production of steel, iron ore, and other minerals. The company through its subsidiary operates in China and Canada. CITC is headquartered in Beijing, China.
Headquarters
China
Address
Capital Mansion, 6 Xinyuannanlu, Chaoyang District, Beijing City, 100004
Website
www.group.citic
Telephone
86 10 64660088
Industry
Construction
CITIC Group Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Heavy Machinery | Engineering, Procurement and Construction (EPC) Services |
| Special Steels | Architectural Design |
| Aluminum Castings | Heavy Construction Contracting |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Divestiture | In February, the company sold a 49.9% stake in Smartwings to Prague City Air. |
| 2020 | Financing Agreements | In August, the company along with Sequoia, Tencent Holdings, Yunfeng announced to invest HK$23.5 billion in Evergrande Property. |
| 2020 | Contracts/Agreements | In April, the company and Prudential entered into a joint venture agreement to set up a joint venture asset management firm in Beijing, China. |
Competitor Comparison
| Key Parameters | CITIC Group Corp | China Gezhouba Group Co Ltd (Inactive) | China Machinery Engineering Corp | Chevalier International Holdings Ltd | CK Infrastructure Holdings Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | Hong Kong | Hong Kong |
| City | Beijing City | Wuhan | Beijing | Hong Kong | Hong Kong |
| State/Province | Beijing | Hubei | Beijing | - | - |
| No. of Employees | - | 39,071 | 5,344 | 3,500 | 2,418 |
| Entity Type | Private | Private | Private | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Liu Zhengjun | Vice President; Director | Executive Board | - | 58 |
| Xu Zuo | Vice President | Senior Management | - | 58 |
| Xi Guohua | Director; Vice Chairman; President | Executive Board | - | 60 |
| Wang Guoquan | Vice President; Director | Executive Board | - | 51 |
| Zeng Qi | President | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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