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.
The 53 central enterprises supervised by SASAC are vice-ministerial units, which are under the jurisdiction of the Central Organization Department and enjoy ministerial-level treatment. China CITIC Group Co., Ltd. (formerly known as China International Trust and Investment Corporation, hereinafter referred to as CITIC Group) was established in 1979.
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.
Operation scale of CITIC Group:
1. The financial industry includes commercial banks, securities, insurance, trust, asset management, funds and leasing. , with complete business categories and obvious comprehensive advantages.
2. 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.
After years of reform and development, CITIC Group has established a good reputation at home and abroad, formed huge intangible assets, and has a group of professionals who are familiar with the market economy.
Since its establishment, CITIC Group has always received cordial care and strong support from the party and state leaders. The party and the state fully affirmed and spoke highly of the positive role played by CITIC Group in the reform, opening up and development.
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.