CITIC Group, formally known as CITIC Group Corporation Ltd., is one of China’s largest state-owned conglomerates, established in 1979 by Rong Yiren as a pioneering mechanism to introduce foreign capital, advanced technologies, and modern management practices into China. Headquartered in Beijing’s Chaoyang District, the group oversees a diversified portfolio ranging from financial services to heavy industry, infrastructure, and emerging sectors.

Today, CITIC Group stands as a multi-trillion-yuan enterprise with over 210,000 employees, reporting revenue exceeding US$131 billion in 2023. Its long-term vision is to build an outstanding conglomerate with a lasting reputation, aligning with national development priorities while maintaining strong global competitiveness. The group operates across five strategic business sectors: comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanization.

Serving as an important economic driver for China, CITIC Group plays a key role in modernizing industries, building infrastructure, and fostering innovation. Through a combination of state-backed stability and market-oriented efficiency, it has expanded its presence worldwide. Its efforts are guided by core values of integrity, innovation, cohesion, integration, dedication, and excellence—ensuring sustainable growth and meaningful contributions to both the domestic economy and the global marketplace.