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March 8, 2014
Table of Contents
1 Introduction
CITIC

Wikipedia

 
China International Trust Investment Company (CITIC) is a State-owned enterprise|state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval from Deng Xiaoping.

Its initial aim was to "attract and utilized foreign capital, introduce advanced technologies, and adopt advanced and scientific international practice in operation and management." http://www.citic.com/english/about/index.html It now owns 44 subsidiaries (mainly banks) in China, Hong Kong, the United States, Canada, Australia and New Zealand.

The founder of CITIC, Rong Yiren, is the son of one of the richest businessmen in China in the 1930s, Rong Desheng (荣德生). He was also one of the few capitalists that stayed in mainland China after 1949. Rong Yiren later became the vice-president of the People's Republic of China in 1993, and stepped down in 1997.



  • CITIC Plaza, a skyscraper in Guangzhou, PRC

  • CITIC Ka Wah Bank




  • http://www.citic.com/ CITIC website


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zh-cn:中国国际信托投资公司

Category:Companies of the People's Republic of China

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "CITIC".


Last Modified:   2005-04-13


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