1) CITIC Bank is affiliated to China International Trust and Investment Corporation (CITIC Company) and was established in 1987. It is one of the earliest emerging commercial banks in China. In 2002, China International Trust and Investment Company was renamed as China CITIC (Group) Company, and CITIC Holdings Limited with CITIC Bank as the main body was established. At present, CITIC Bank is a wholly-owned financial subsidiary of CITIC Holdings Limited.

2) CITIC Securities Co., Ltd., formerly known as CITIC Securities Co., Ltd., was established in Beijing, 1995. 1999 was restructured into citic securities co., ltd, registered in Shenzhen. In 2003, it was listed on the Shanghai Stock Exchange. The controlling party of CITIC Securities is also CITIC Holdings Limited.

3) China CITIC Group Corporation (hereinafter referred to as CITIC Corporation) was initiated and approved by Deng Xiaoping, the chief architect of China's reform and opening up, and was founded by former Vice President Rong Yiren on June 5438+0979+1October 4. Now it has become a large international multinational enterprise group, and CITIC's business is mainly concentrated in the service industries such as finance and industry.

4) CITIC Holding Company is a holding company established by China CITIC Group Company with the approval of the State Council and the People's Bank of China to invest and manage domestic and foreign financial enterprises.

CITIC Holding Company invests in CITIC Bank, CITIC Securities Co., Ltd., CITIC Trust and Investment Company, CITIC Life Insurance Company, CITIC Futures Brokerage Company, CITIC Asset Management Company and CITIC International Financial Holding Company. CITIC International Financial Holding Company is a listed company of Hong Kong Stock Exchange, including CITIC Ka Wah Bank, CITIC Capital Market Holding Company, CITIC International Asset Management Company and CITIC Investment Research Co., Ltd..

CITIC Holding Company manages banking, securities, insurance, trust, asset management, futures, funds, credit cards and other financial enterprises. By investing and accepting the entrustment of CITIC Group, we will strengthen risk management, uniformly allocate and effectively use resources, give play to brand and synergy, and provide all-round services to domestic and foreign customers.

Simply put, CITIC Group is a grandfather, CITIC Holdings is a son, and CITIC Bank and Securities are grandchildren.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.