CITIC Ltd - Company Profile
Powered by
All the data and insights you need on CITIC Ltd in one report.
- Save hours of research time and resources with
our up-to-date CITIC Ltd Strategy Report
- Understand CITIC Ltd position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
CITIC Ltd (CITIC), a subsidiary of CITIC Group Corp, is a conglomerate company that operates in a range of sectors that include advanced intelligent manufacturing, comprehensive financial services, advanced materials, new consumption, and new-type urbanization. Its financial services portfolio comprises insurance, trust, security, and banking solutions. Advanced intelligent manufacturing consists of lightweight automotive components. Advanced materials solutions include magnetite iron ore, copper, crude oil, and commodity trading. The company offers information services and agriculture breeding; and new type urbanization including engineering, construction, healthcare, and aviation. It operates through branch offices and online portals; and serves individual, commercial, SME, and institutional clients. The company has operational presence in China, Hong Kong, Taiwan, Macau, the British Virgin Islands, Cayman Islands, Bermuda, Australia, and Kazakhstan. CITIC is headquartered in Beijing, China.
CITIC Ltd premium industry data and analytics
Products and Services
Products | Services |
---|---|
Corporate banking | Financial |
Personal banking | Trust Services |
Investment banking | Securities |
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 |
---|---|---|
2023 | Plans/Strategy | In April, the company's unit Hubei Xinyegang Steel Co. Ltd. announced its plans to acquire 60% stake in Nanjing Nangang Iron & Steel United Co. Ltd. |
2022 | Contracts/Agreements | In December, CITIC Construction signed a strategic cooperation agreement with Ajlan & Bros, Ximei Resources Holding Co., Ltd. and BONAVISTA CAPITAL to establish a joint-venture fund management company. |
2022 | Others | In September, the company announced the Yuanping City CITIC Bo 100 MW agricultural solar storage combined with ecological restoration and governance project connected to the grid. |
Competitor Comparison
Key Parameters | CITIC Ltd | Industrial and Commercial Bank of China Ltd | China Construction Bank Corp | Agricultural Bank of China Ltd | Bank of China Ltd |
---|---|---|---|---|---|
Headquarters | China | China | China | China | China |
City | Beijing | Beijing | Beijing | Beijing | Beijing |
State/Province | Beijing | Beijing | Beijing | Beijing | Beijing |
No. of Employees | 161,408 | 419,252 | 376,871 | 451,003 | 306,931 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
XI Guohua | Chairman | Executive Board | 2024 | - |
Liu Zhengjun | Director; Vice President | Executive Board | 2023 | 57 |
Wang Guoquan | Director; Vice President | Executive Board | 2020 | 50 |
Fang Heying | Vice President; Vice Chairman-China CITIC Bank | Senior Management | 2021 | 56 |
Xu Zuo | Vice President | Senior Management | 2019 | 57 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward