Citic group

CITIC Group (formerly China International Trust and Investment Corporation) CITIC Group, with the initiation and approval by Deng Xiaoping, chief architect of Chinas reform and opening - up, was established on Oct. 4, 1979 by Rong Yiren, former Vice President of PRC. CITIC is a window on Chinas opening to the outside world. Since its inception, CITIC has always adhered to the principle of innovation. In line with government laws, regulations and policies, CITIC has attracted and utilized foreign capital, introduced advanced technologies, and adopted advanced and scientific international practice in operation and management. In the light of the law of economy, CITIC has made explorations in many business fields with remarkable success and has achieved good economic results. By doing so, CITIC has made significant contributions to the countrys reform and opening up drive and established good reputation both domestically and abroad. CITIC has grown into a large transnational ...