Citic group

Financial ServicesChina501-1000 Employees

CITIC Group is a Chinese state-owned financial services conglomerate established in 1979 by Rong Yiren with the approval of Deng Xiaoping as part of China's reform and opening. It operates as a transnational enterprise with 44 subsidiaries (banks), including entities in Hong Kong, the United States, Canada, Australia, and New Zealand, and maintains representative offices in Tokyo, New York and Kazakhstan. The group’s core business spans financial services, industrial investment, and various service industries. By 2008, CITIC Group reported total assets of RMB 1,631.6 billion and an after-tax profit of RMB 14.2 billion. The organization is based in China (postal code 100004) and has between 501 and 1,000 employees; its website is https://citic.com.

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