China CITIC BankChina CITIC Bank is a major commercial bank in China, under CITIC Group. Established in 1987, it is a nationally comprehensive and internationally oriented commercial bank. The bank operates in Hong Kong, Macau, New York, Los Angeles, Singapore and London, and maintains a strong foothold on the mainland banking industry. The bank operates 163 branches in the mainland, and 1,252 sub-branches, located in economically developed regions of China.Investment companyAn investment company is a financial services company that specializes in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the Investment Company Act of 1940. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading.
Net foreign assetsIn economics, the concept of net foreign assets relates to balance of payments identity.
Conglomerate (company)A conglomerate (, kəng-GLOMM-(ə)-rət) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries. A conglomerate usually is a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company.
Rong YirenRong Yiren (Chinese: 荣毅仁; pinyin: Róng Yìrén; Wade–Giles: Jung I-jen; May 1, 1916 – October 26, 2005) was the Vice President of China from 1993 to 1998 and was heavily involved with the opening of the Chinese economy to western investment.
ChinaCountry in East AsiaChina, officially the People's Republic of China (PRC), is a country in East Asia. It is divided into 33 province-level divisions, including two special administrative regions. Beijing is the capital, while Shanghai is the most populous city by urban area. Its geography features the Central Plain, major rivers such as the Yangtze and Yellow River, deserts, subtropical and temperate forests, plateaus, and mountain ranges such as the Himalayas.
BeijingCapital city of ChinaCapital and municipality in ChinaBeijing, previously romanized as Peking, is the capital city of China. With more than 21.8 million residents, it is the world's most populous national capital city, as well as China's second-largest city by urban area, after Shanghai. It is located in Northern China and is governed as a provincial-level direct-administered municipality with 16 municipal districts.
State-owned enterpriseA state-owned enterprise (SOE) or government-owned enterprise is a business entity created or owned by a central or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations.
Deng XiaopingParamount Leader of the People's Republic of China←Hua GuofengJiang Zemin→Deng Xiaoping (22 August 1904 – 19 February 1997) was a Chinese statesman, revolutionary, and political theorist who served as the paramount leader of the People's Republic of China (PRC) from 1978 to 1989.
Forbes Global 2000The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world, published by Forbes magazine. "The Global 2000" annual ranking is assembled by Forbes using an assessment of four equally-weighted metrics: sales, profit, assets and market value. The list has been published annually since 2003.
Chaoyang, BeijingChaoyang (Chinese: 朝阳区; pinyin: Cháoyáng Qū) is an urban district of Beijing. It borders the districts of Shunyi to the northeast, Tongzhou to the east and southeast, Daxing to the south, Fengtai to the southwest, Dongcheng, Xicheng, and Haidian to the west, and Changping to the northwest. Chaoyang is home to the majority of Beijing's many foreign embassies, the well-known Sanlitun bar street, as well as Beijing's growing central business district.*As an Amazon Associate I earn from qualifying purchases.