- CEO
- Guohua Xi
- Full Time Employees
- 190,763
- Sector
- Industrials
- Industry
- Conglomerates
- Address
- CITIC Tower Central Hong Kong
- IPO Date
- Jan 20, 2010
- Business
- CITIC Limited (SEHK: 00267; OTC: CTPCY) operates as one of China's largest conglomerates, focusing on comprehensive financial services; advanced intelligent manufacturing; advanced materials; new consumption; and new-type urbanisation. The company provides banking, securities, trust, insurance, asset management, and financial leasing services through its financial segment; manufactures heavy machinery, specialised robotics, aluminium wheels, aluminium casting parts, and special steel via its advanced intelligent manufacturing and materials segments; engages in motor vehicles, food and consumer products, telecommunications, publishing, and modern agriculture in its new consumption segment; and develops properties, provides contracting, design, infrastructure, environmental, and commercial aviation services in its new-type urbanisation segment. Founded in 1985 and headquartered in Central, Hong Kong, CITIC Limited functions as the primary listed subsidiary of state-owned CITIC Group Corporation, with operations spanning Mainland China, Hong Kong, Macau, Taiwan, and approximately 160 countries and regions worldwide.
In 2024, the company advanced its "Financial Core" strategy to bolster banking, securities, trust, insurance, and leasing capabilities, achieving a 96% coverage rate in supporting national-level specialised SMEs and delivering profit attributable to ordinary shareholders of RMB52.649 billion, up 4.3% year-on-year. It launched the "Industrial Starlink" initiative to revitalise traditional industries and foster new growth areas, with subsidiaries like CITIC Pacific Special Steel and Nanjing Steel contributing to major projects such as the Shenzhen-Zhongshan Link and Changtai Yangtze River Bridge, while CITIC Dicastal introduced integrated die-casting technology and Africa's first Global Lighthouse factory. CITIC Limited also intensified technological innovation through "Operation Rock" for its "2+4+N" platform, including national laboratories in intelligent mining and digital steel, alongside "AI+" applications in industrial vision and low-carbon solutions; expanded international contracts with CITIC Construction's newly signed overseas deals rising 3.2 times year-on-year; and initiated market value management reforms, including a self-funded share repurchase by management and a three-year shareholder return plan, driving revenue to RMB752.87 billion, up 10.6%, and market capitalisation growth of 27.5%.