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Is CITIC Group a central enterprise or a private enterprise?

CITIC Group is a state-owned enterprise.

The full name of CITIC Group is China CITIC Group Co., Ltd. China CITIC Group Co., Ltd. (formerly known as China International Trust and Investment Corporation) is a central financial enterprise founded on October 4, 1979.

Since its establishment, the company has given full play to its important role as an economic reform pilot and a window for opening up to the outside world, and has become one of the largest comprehensive enterprise groups in China.

The company's main business The company's main business is concentrated in finance, industry and other service industries.

The financial industry is the company's key business, and its assets account for approximately 81% of the company's total assets. It is mainly composed of commercial banks, securities, insurance, trusts, leasing and other financial institutions.

Industry accounts for approximately 18% of the company's total assets, involving information industry, infrastructure, energy, real estate and other industries and fields.

Company's business scale: The company's business is actually mainly concentrated in the following fields: The financial industry includes commercial banking, securities, insurance, trust, asset management, funds, leasing, etc., with complete business categories and obvious comprehensive advantages.

The non-financial industry mainly involves real estate infrastructure and regional development business, engineering contracting business, resources and energy business, manufacturing business, information industry, commerce and service industry and other fields.

After years of reform and development, the company has established a good reputation at home and abroad, formed huge intangible assets, and has a group of specialized talents who are familiar with the market economy.

Since its establishment, the company has received cordial care and strong support from party and state leaders.

The party and the country have fully affirmed and spoken highly of the company's positive role in reform, opening up, and development.

Honors received by the company On July 18, 2022, the working group of CITIC Group Co., Ltd. to support Shenzha County in Nagqu City was selected into the ninth batch of advanced collectives in aiding Tibet.

In August 2022, it was selected into the 2022 Fortune Global 500 list, ranking 102nd.

In August 2022, it was selected into the "Top 500 World Brands 2022" list, ranking 98th.

In September 2022, it ranked 35th on the 2022 Top 500 Chinese Enterprises list with operating revenue of 620,042.72 million yuan.

On September 6, 2022, it was selected into the list of "Top 100 Innovative Large Enterprises in China" released by the China Enterprise Confederation and the China Entrepreneurs Association, ranking 89th.

In July 2023, it ranked 31st on the 2023 Fortune China 500 list.

In August 2023, with revenue of 100768.7 (million US dollars), it was selected into the 2023 Fortune Global 500 list, ranking 100th.

The company's subsidiaries include CITIC Holdings Co., Ltd., CITIC Trust Co., Ltd., CITIC Investment Holdings Co., Ltd., China CITIC Bank Co., Ltd. (listed company), CITIC Bank (International) Co., Ltd., CITIC International Financial Holdings Co., Ltd., CITIC Insurance

Cheng Life Insurance Co., Ltd. (joint venture insurance company), CITIC Securities Co., Ltd. (listed company), CITIC Xinji Futures Co., Ltd. (joint venture futures brokerage company), CITIC Asset Management Co., Ltd., CITIC Capital Holdings Co., Ltd., etc.