China CITIC Group Co., Ltd. (formerly known as China International Trust and Investment Corporation, abbreviated as CITIC Group in English), a central financial enterprise, was initiated and approved by Deng Xiaoping, the chief architect of reform and opening up, and was founded by Rong Yiren, the former vice president of China, on June 4, 20 1979. The main business is mainly financial, industrial and other service industries.
finance
CITIC Group owns banking, securities, trust, insurance, fund, asset management and futures CITIC Securities.
Comprehensive financial services have obvious advantages and strong brand influence. In 2008, CITIC Holdings Co., Ltd. further vigorously promoted the business collaboration between financial subsidiaries of CITIC Group and between financial subsidiaries and non-financial subsidiaries, and established "CITIC Online Financial Supermarket" to carry out online comprehensive financial services. Financial subsidiaries provide differentiated comprehensive financial services to customers through financial cross-product sales and joint marketing of major projects. Establish a joint meeting system between local branches and financial subsidiaries and non-financial subsidiaries in 20 regions to promote the sharing of resources such as customers, outlets and sales of subsidiaries; Complete the integration and migration of customer information systems in an all-round way, and start planning to establish a customer relationship management system to create conditions for subsidiaries to enjoy customer resources and cross-sell. By the end of 2008, the total assets of CITIC Group's financial business were 1, 32.04 billion yuan, a year-on-year increase of16.6%; Operating income was 75 billion yuan, a year-on-year increase of 35.6%; In 2008, the total profit was 210.2 billion yuan, a year-on-year increase of 46.2%.
banking
Banking is an important part of CITIC Group's financial business. CITIC Group holds CITIC Bank Corporation Limited, a listed company in China.
20 10 the internationalization development strategy of citic bank continued to advance steadily. 20 10 In May, CITIC Ka Wah Bank officially changed its name to CITIC Bank International, which marked an important step forward in the related strategic integration process after the merger. CITIC Bank International achieved a consolidated after-tax net profit of HK$ 65.438+0.57 billion, a year-on-year increase of 654.38+0.9%. While achieving the highest profit in history, various business indicators showed a healthy and rapid development trend, and the synergistic effect of mergers and acquisitions was gradually reflected. The "Trinity" strategic alliance formed by the Bank with BBVA and China CITIC Bank International has continuously promoted business cooperation. During the year, the Bank and BBVA actively promoted the approval of joint venture projects in the fields of auto finance and private banking, and the scale of business cooperation in the fields of capital, international business and pension also increased rapidly.