Company Overview of CITIC Group Company
CITIC Group Company operates as an industrial conglomerate that offers banking, financial, manufacturing, and communication services through its subsidiaries. It provides securities, insurance, and trusts and funds related services. The company offers construction contracting; and real estate and infrastructure development, trading, and information technology related services. CITIC Group Company has a strategic alliance with Itochu Corp; and a strategic business alliance agreement with Mizuho Financial Group, Inc. The company was founded in 1979 and is based in Beijing, China with additional offices in New York, New York; Tokyo, Japan; and Almaty, Kazakhstan.
Xin Yuan Nan Road
Founded in 1979
Key Executives for CITIC Group Company
Compensation as of Fiscal Year 2014.
CITIC Group Company Key Developments
Qatar Investment Authority and CITIC Group Company Signs Memorandum of Understanding on Joint Investment
Nov 16 14
Qatar Investment Authority (QIA) and CITIC Group signed a Memorandum of Understanding on joint investment. The MoU provides $10 billion to invest equally in China in several sectors such as infrastructure utilities health energy real estate retail and others.
Bailian To Sell Real Estate Assets
Oct 20 14
Bailian Group Co., Ltd puts three real estate units up for sale on Shanghai United Assets and Equity Exchange again, with base price dropping to CNY 6.78 billion from CNY 7.26 billion. The assets include hotel-oriented hotels, office buildings and a plot of land in Xuhui District. Sources said a consortium consisting of CITIC Group Company and China Communications Construction Company Limited (SEHK:1800) show more interest in the land and Bailian planned to sell the rest to partners of the consortium.
Mizuho Financial Group, Inc. Signs Strategic Business Alliance Agreement with CITIC Group Corporation
Aug 7 14
Mizuho Financial Group, Inc. signed a strategic business alliance agreement with CITIC Group Corporation. The objective of the agreement is to enhance cooperation between both parties as strategic partners across functions including banking, trust banking, and securities on a group basis. Each company within the two groups will aim to develop overseas business including businesses in Japan and China and strengthen support for the respective customers as they enter and expand their businesses in overseas markets. Specifically, both companies will proceed with strengthening of cooperation in mainly the fields which includes: banking businesses such as markets-related transactions and transaction banking including cross-border trade settlements, CNY-denominated settlements, and cash management, mainly in Japan and China; securities businesses such as equity and fixed income transactions in Asian markets including Japan and China, and cross-border M&A deals including those between Japan and China; and trust banking businesses in relation to cross-border investment into both Japan and China such as custody business, asset management business, and real estate investment.
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