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Is CITS Global (Beijing) International Travel Agency Co., Ltd. a state-owned enterprise?

CITS Global (Beijing) International Travel Service Co., Ltd., English name CITS (BEIJING) TRAVEL SERVICE CO., LTD. It is a wholly-owned subsidiary invested and established by China International Travel Service Corporation in 2008. Mainly engaged in inbound and outbound group tourism wholesale business. At the end of 2017, CITS Global implemented a mixed-system reform, introduced more powerful strategic investors, focused on international ocean cruises, operated superior resources, and formed a clear strategic main business, thus starting three years of innovative and rapid development. At present, It is the largest cruise product operator in the country besides cruise companies. CITS Global has a Beijing operation center focusing on tourism services, overseas companies in Japan, South Korea, the Philippines and Hong Kong, more than a dozen port city branches such as Shanghai, Guangzhou and Shenzhen, and branches and subsidiaries in port cities such as Sanya and Haikou. Cross-border duty-free e-commerce company in Hong Kong and Xiamen. In 2020, CITS Global Travel (Hainan) Tourism Investment Company was established to introduce new models and high-end consumption experiences such as cruise tourism, duty-free shopping, and shared tourism to Hainan to contribute to Hainan's tourism development.

After undergoing the mixed reform of state-owned enterprises, CITS Global has inherited the brand of "CITS". This brand has been established for 66 years and has become a well-known Chinese trademark and brand that is leading in the country, first-class in Asia, and world-renowned. With a value of over 80 billion yuan, it has ranked first among tourism service brands for 16 consecutive years and continues to lead China's tourism service industry. In October 2020, CITS's market value was well ahead of its peers with the blessing of China Duty Free, and it has accumulated an excellent reputation among peers and the C-side.