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Throughout the 1980s, Xiong Xianghui served as CITIC vice chair and significant CITIC leadership was drawn from the Intelligence Bureau of the Joint Staff Department. [10] CITIC Group headquarters was based in Beijing; Hong Kong office was formally opened in 1985. [9] The Mainland-based CITIC Bank was founded by the group in 1984. [9]
CITIC Capital was founded on 4 February 2002 originally as CITIC Capital Markets, an investment banking joint venture between CITIC Group and CITIC Ka Wah Bank. [2] [3] [4] Towards the end of 2002, CITIC Capital Markets entered the retail mutual funds business in Hong Kong. It would rely on CITIC Ka Wah Bank and Cargary Securities to act as its ...
CITIC Limited and CITIC Capital would own 52% stake collectively (via an intermediate holding, Fast Food Holdings in a 61.54–38.46 ratio, indirectly owned 32% and 20% stake respectively), while Carlyle would own 28% separately. 20% stake would be retained by McDonald's via Golden Arches Investments Limited (the trading name of McDonald's Hong ...
In 1984, the chairman of CITIC group at the time, Rong Yiren (荣毅仁), requested that the Chinese government create a banking division under his company, to fully embody the needs for foreign exchange. This move was approved by the People's Bank of China, and a banking division was created under CITIC group in April 1985. At this point, the ...
In July 2012, CITIC Securities agreed to acquire Crédit Agricole's Asia brokerage and research unit CLSA for $1.25 billion which 19.9 percent stake or $310.3 million will be bought in the first step and the remaining 80.1 percent stake or $941.7 million will be bought later.
CITIC Guoan Group was the co-founder of Beijing Guoan F.C. [4] However, the stake was now owned by CITIC Limited. [5]In December 2015, CITIC Guoan Group (via Road Shine Developments and Guoan (HK) Holdings) bought a major stake of Global Tech Holdings for HK$0.11615 per shares.
China CITIC Bank International (Chinese: 中信銀行 (國際); CNCBI in short) is a Hong Kong full-service commercial bank. China CITIC Bank Corporation Limited, via its wholly-owned subsidiary CITIC International Financial Holdings Limited , is CNCBI's controlling shareholder with a 75% stake.
China International Trust and Investment (CITIC) Plaza (simplified Chinese: 中信广场; traditional Chinese: 中信廣場; pinyin: Zhōngxìn Guǎngchǎng; Jyutping: Zung 1 seon 3 Gwong 2 coeng 4) is an 80-storey, 391 m (1,283 ft) office skyscraper in the Tianhe District of Guangzhou, Guangdong, People's Republic of China.