CITIC Group is a ministerial-level enterprise, and the chairman of CITIC Group is a ministerial-level enterprise. The central enterprises directly under the State Council are ministerial level, the central enterprises under the jurisdiction of SASAAC are deputy ministerial level, and the state-owned enterprises under the jurisdiction of SASAAC are bureau-level (non-central enterprises, provincial enterprises). The central enterprises of ministerial units are only CIC, CITIC Group and Railway Corporation. However, 53 central enterprises supervised by SASAC (Sinopec, BOC, PetroChina, etc. ) are all deputy ministerial units, but the first leader is not under the jurisdiction of SASAC, but under the jurisdiction of the Central Organization Department and enjoys ministerial treatment.

Among the central enterprises in China, CITIC Group is not the largest in terms of asset scale, revenue and profit. China Merchants Group is bigger than CITIC Group, but the administrative level of CITIC Group is higher than China Merchants Group and China Resources Group.

At present, the administrative level of CITIC Group belongs to ministerial level, so we can see that the subordinate relationship of CITIC Group directly belongs to the State Council and is managed by the Ministry of Finance, not SASAAC, which is quite different from China Merchants Group and China Resources Group of SAAC.

China CITIC Group Co., Ltd. (formerly known as China International Trust and Investment Company, referred to as CITIC Group for short) was established in 1979, which was founded by Rong Rong Yiren under the guidance of the chief designer. At present, CITIC Group has developed into a large state-owned comprehensive multinational enterprise group, and its business involves finance, resources and energy, manufacturing, engineering contracting, real estate and other fields. It owns many brands such as CITIC Bank, CITIC Securities, Xincheng Life Insurance, CITIC Real Estate and CITIC Construction.

Legal basis:

Notice of the General Office of the State Council on Enterprise Management after the Adjustment of the Party's Leadership System of China CITIC Group Corporation

Article 1 The People's Bank of China is the main regulator of CITIC's financial business. According to the principle of separate supervision, they are supervised by the People's Bank of China, the China Securities Regulatory Commission and the China Insurance Regulatory Commission respectively.

Article 2 The Ministry of Finance shall be responsible for the management of state-owned assets and financial relations of CITIC Company.

Article 3 CITIC Company's non-financial enterprises are involved in matters within the business scope of the State Economic and Trade Commission, and CITIC Company shall directly write to the State Economic and Trade Commission.

Article 4 the State Council dispatched a board of supervisors to CITIC Company in accordance with the Interim Regulations on the Board of Supervisors of State-owned Key Financial Institutions.

Article 5 The Party Central Committee, the State Council, relevant party and government departments and mass organizations shall send documents to CITIC Company in the same way.