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China International Trust Investment Company (中國國際信托投資公司) or commonly known as CITIC is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval from Deng Xiaoping. A state-owned enterprise (SOE) is an enterprise, often a corporation, owned by a government. ...
An investment company is a company whose main business is holding securities of other companies purely for investment purposes. ...
The Red Capitalist. Former vice-president of China. ...
This page refers to the year 1979. ...
Deng Xiaoping Deng Xiaoping (Simplified Chinese: é‚“å°å¹³; Traditional Chinese: 鄧å°å¹³; Pinyin: Dèng XiÇŽopÃng; Wade-Giles: Teng Hsiao-ping; August 22, 1904–February 19, 1997) was a leader in the Communist Party of China (CPC). ...
Its initial aim was to "attract and utilize foreign capital, introduce advanced technologies, and adopt advanced and scientific international practice in operation and management." [1] It now owns 44 subsidiaries (mainly banks) in China, Hong Kong, the United States, Canada, Australia and New Zealand. A bank is an institution that provides financial service, particularly taking deposits and extending credit. ...
The founder of CITIC, Rong Yiren, is the son of one of the richest businessmen in China in the 1930s, Rong Desheng (榮德生). He was also one of the few capitalists that stayed in mainland China after 1949. Rong Yiren later became the vice-president of the People's Republic of China in 1993, and stepped down in 1997. 1949 (MCMXLIX) was a common year starting on Saturday (the link is to a full 1949 calendar). ...
1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ...
1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ...
China International Trust Investment Company, known as CITIC, is 中信国际信托投资公司 in Chinese, while CITIC Pacific is 中信泰富 in Chinese, which is a subsidiary of CITIC.
See also
CITIC Pacific is a Hong Kong-based conglomerate company. ...
CITIC Plaza is an 80-story high-rise building or skyscraper built in Guangzhou, Peoples Republic of China. ...
Taipei 101, the worlds tallest building since its completion in 2004, is located in Taipei, Republic of China (Taiwan). ...
Location within China Canton, China redirects here. ...
CITIC Ka Wah Bank is a Hong Kong bank majority owned by CITIC. It is a subsidiary of CITIC International Financial Holdings (ticker: 0183 in Hong Kong Stock Exchange). ...
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