CITIC Group

CITIC GroupSimplified Chinese中信集团Traditional Chinese中信集團Websitewww.group.citicFootnotes
in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards

CITIC Group Corporation Ltd., formerly the China International Trust & Investment Corporation (CITIC), is a state-ownedinvestment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing. As of 2019, it is China's biggest state-runconglomerate with one of the largest pools of foreign assets in the world. In 2023, the company was ranked 71st in the Forbes Global 2000.