CITIC

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CITIC (China International Trust and Investment Corporation) is a Chinese state-owned conglomerate company. It was founded in 1979 by Rong Yiren, also known as "the Red Capitalist" due to his ties to the Communist Party of China.
CITIC's origins date back to 1978, when Rong Yiren took over a small state-owned trading company in Hong Kong to form what would become CITIC. The company initially focused on international trade, but quickly diversified into other industries such as finance, manufacturing, real estate, and telecommunications.
Today, CITIC has become one of the largest and most important state-owned enterprises in China, with assets worth over $900 billion. It operates in over 100 countries and regions, with a presence in industries such as banking, energy, infrastructure, engineering, and technology.
CITIC has also been involved in many large-scale international projects, such as the development of the Three Gorges Dam and the construction of the Papua New Guinea liquefied natural gas project. It has also made significant investments and partnerships with companies around the world, including Kazakhstan, Australia, and the United States.
The company is known for its strong ties to the Chinese government and its influence in the country's economy. It is also actively involved in social and community development projects, such as poverty alleviation and education initiatives.
CITIC's mission is to become a global leader in diverse industries, while also promoting sustainable development and corporate responsibility. Its vision is to be a respected and trusted company that contributes to the prosperity of China and the world.

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See Company Q&A