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Citic

Distressed asset manager China Huarong buys US$1.7 billion stake in Citic

The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.

Company will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group

Huarong, one of China’s largest distressed debt managers, will change its name to China Citic Financial Asset Management

16 Nov 2023 - 4:53PM

Swire snaps up Wan Chai parcel for HK$1.96 billion, beating 20 rivals

22 Jun 2022 - 8:00AM

Drugs, disgrace and the mysterious death of a Chinese media mogul

5 Oct 2020 - 4:41PMvideocam

Citic Pacific wins Tai Hang luxury residential site for HK$3.2 billion

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday.

18 Dec 2019 - 11:58PMvideocam

The plot is currently occupied by former civil servants’ quarters. Photo: May Tse

Citic Pacific makes offer to take Dah Chong Hong private

DCH’s business has been challenged by intense competition and diversified landscape.

21 Oct 2019 - 10:29PM

Banks implement staff contingency plans as protests rage

Banks say they’re focused on the safety of their employees and still being able to provide services to customers as protests in Hong Kong continue

13 Oct 2019 - 10:47PMvideocam

CLSA renews lease with property arm of Cathay Pacific owner

Brokerage CLSA has renewed its office lease at Hong Kong conglomerate Swire Properties’ flagship property. The Financial Times reported on Wednesday the firm had been under pressure to quit the premises by its mainland Chinese state-owned parent, Citic Securities.

18 Sep 2019 - 10:57PM

CLSA has leased office space at One Pacific Place since 2000, Swire Properties says. Photo: Shutterstock

Exclusive | Investors offer to buy Hong Kong Airlines, ending boardroom tussle

The family of former chief secretary Henry Tang Ying-yen is among a consortium of investors in talks to buy Hong Kong Airlines.

12 Jul 2019 - 11:29PM

China has a big headache instead of getting its own Goldman Sachs

Citic Securities has been hit by a wave of more than 50 resignations since January, an exodus that threatens to upend China’s push to create a global investment banking powerhouse.

10 Jul 2019 - 4:30PM

Wang Jun, ‘princeling’ of one of China’s founding elders, dies at 78

Wang Jun, the son of one of communist China’s founding elders and a former chairman of the country’s largest state conglomerate, died on Monday, aged 78.

11 Jun 2019 - 11:35PM

An undated photograph of Wang Jun. Photo: Baidu

Why merger at Citic firms adds steel to China’s self sufficiency ambitions

Shares in Chinese financial-to-industrial conglomerate Citic gained on Thursday after two specialist steelmakers it controls agreed to merge on Wednesday, in a deal worth US$3.3 billion.

4 Jan 2019 - 7:03AM

Steel pipes at a stockyard in Shanghai. Citic is creating an industry leader at a time when Beijing wants the country to consume and produce more high-quality steel products. Photo: Bloomberg

China's Citic to buy 20 per cent stake in Canadian copper miner Ivanhoe

11 Jun 2018 - 10:26PM

Minority shareholders urge watchdog to appeal Citic misconduct ruling

27 Apr 2017 - 10:45PM

Tribunal clears “Red Capitalist” scion of misleading investors

10 Apr 2017 - 10:58PM

Citic’s former managing director Henry Fan Hung-ling and former chairman Larry Yung Chi-kin during a company event in 1995.

Conglomerate Citic posts higher 2016 profit, plans more unit spin-offs

23 Mar 2017 - 10:38PM

State-backed conglomerate planning more spin-offs and listing of other group assets, says chairman

Update | Citic adds a third land parcel to its Wuhan portfolio

8 Feb 2017 - 11:17PM

Chinese conglomerate Citic swaps residential properties for China Overseas’ shares and commercial projects

14 Mar 2016 - 7:08PM

Larry Yung’s daughter ‘hazy’ on details of meeting about Citic Pacific foreign exchange losses

21 Dec 2015 - 5:34PM

Zhang Jijing (left), Managing Director of CITIC Pacific and Chang Zhenming (right) , chairman of CITIC Pacific attend the press conference of the company's 2012 Half Year Results in Conrad Hotel, Admiralty. 16AUG12

Update | China's Citic Pacific foreign exchange trades ‘out of control’ before ringing up massive losses

9 Dec 2015 - 3:28PM

How foreign exchange contracts blew up for Citic Pacific

8 Dec 2015 - 8:49PM

New | Tribunal of Citic ex-chairman and four other former directors gets underway

23 Nov 2015 - 8:00AM

Larry Yung and his wife attend the funeral of his mother Yang Jian Qing at Cape Collinson. 13JAN14

China’s Citic Securities announces retirement of chairman Wang Dongming

20 Nov 2015 - 4:26PM

New | Former Citic directors signed off on ‘demonstrably untrue’ filing, SFC counsel says

16 Nov 2015 - 6:28PM

New | Citic Resources says operating profit strong, but impairment seen from Qingdao port

15 Feb 2015 - 7:54PM

Itochu, Thailand’s Charoen Pokphand buy 20 per cent stake in Citic Limited

Japanese trading giant Itochu and Thailand's Charoen Pokphand Group (CP) are buying a 20 per cent stake in Citic, China's largest conglomerate, for HK$80.3 billion.

21 Jan 2015 - 10:56AM

Japan's Itochu and Thailand's Charoen Pokphand are buying a 20 per cent stake in Citic. Photo: Reuters

Citic offers to buy Singapore firm

Citic, the mainland's largest conglomerate, has offered to take a majority stake in Singapore-listed United Envirotech and turn it into its flagship in the water and environmental protection business, in a deal worth up to HK$7.52 billion.

13 Nov 2014 - 3:17AM

Citic wants to use United Envirotech as its strategic platform and revenue source in the environmental protection industry. Photo: Robert Ng

Citic unveils new board line-up

Citic has appointed its parent’s vice chairman Wang Jiong as its vice chairman and president, as part of wider top management reshuffle.

26 Sep 2014 - 2:41PM

SFC's legal action against Citic a reassuring sign

The authorities have launched actions in some high-profile cases of insider trading and market misinformation to punish wrongdoers, compensate investors and safeguard Hong Kong's reputation for a level playing field.

25 Sep 2014 - 8:41AM

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Citic

Citic is China's largest state-run conglomerate, with a primary focus in financial services, but also property development, heavy industry and metals and mining. It owns Citic Securities, the country's largest securities company, and China Citic Bank, a second-tier lender. It also owns the Sino Iron mine in Australia's Pilbara region, which is the largest magnetite iron-ore mine in the world.

CFO / Finance Director

Chang Zhenming (Chairman)

Industry

Investment company

Website

citic.com

Headquarters address

Hong Kong

Stock Code

SEHK:0267

Year founded

1979

last updated:

30 September, 2024

Citic

Distressed asset manager China Huarong buys US$1.7 billion stake in Citic

The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.

Company will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group Huarong, one of China’s largest distressed debt managers, will change its name to China Citic Financial Asset Management

Swire snaps up Wan Chai parcel for HK$1.96 billion, beating 20 rivals

Drugs, disgrace and the mysterious death of a Chinese media mogul

Citic Pacific wins Tai Hang luxury residential site for HK$3.2 billion

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday.

Citic Pacific makes offer to take Dah Chong Hong private

DCH’s business has been challenged by intense competition and diversified landscape.

Banks implement staff contingency plans as protests rage

Banks say they’re focused on the safety of their employees and still being able to provide services to customers as protests in Hong Kong continue

CLSA renews lease with property arm of Cathay Pacific owner

Brokerage CLSA has renewed its office lease at Hong Kong conglomerate Swire Properties’ flagship property. The Financial Times reported on Wednesday the firm had been under pressure to quit the premises by its mainland Chinese state-owned parent, Citic Securities.

Exclusive | Investors offer to buy Hong Kong Airlines, ending boardroom tussle

The family of former chief secretary Henry Tang Ying-yen is among a consortium of investors in talks to buy Hong Kong Airlines.

China has a big headache instead of getting its own Goldman Sachs

Citic Securities has been hit by a wave of more than 50 resignations since January, an exodus that threatens to upend China’s push to create a global investment banking powerhouse.

Wang Jun, ‘princeling’ of one of China’s founding elders, dies at 78

Wang Jun, the son of one of communist China’s founding elders and a former chairman of the country’s largest state conglomerate, died on Monday, aged 78.

Why merger at Citic firms adds steel to China’s self sufficiency ambitions

Shares in Chinese financial-to-industrial conglomerate Citic gained on Thursday after two specialist steelmakers it controls agreed to merge on Wednesday, in a deal worth US$3.3 billion.

China's Citic to buy 20 per cent stake in Canadian copper miner Ivanhoe

Minority shareholders urge watchdog to appeal Citic misconduct ruling

Tribunal clears “Red Capitalist” scion of misleading investors

Conglomerate Citic posts higher 2016 profit, plans more unit spin-offs

Update | Citic adds a third land parcel to its Wuhan portfolio

Chinese conglomerate Citic swaps residential properties for China Overseas’ shares and commercial projects

Larry Yung’s daughter ‘hazy’ on details of meeting about Citic Pacific foreign exchange losses

Update | China's Citic Pacific foreign exchange trades ‘out of control’ before ringing up massive losses

How foreign exchange contracts blew up for Citic Pacific

New | Tribunal of Citic ex-chairman and four other former directors gets underway

China’s Citic Securities announces retirement of chairman Wang Dongming

New | Former Citic directors signed off on ‘demonstrably untrue’ filing, SFC counsel says

New | Citic Resources says operating profit strong, but impairment seen from Qingdao port

Itochu, Thailand’s Charoen Pokphand buy 20 per cent stake in Citic Limited

Japanese trading giant Itochu and Thailand's Charoen Pokphand Group (CP) are buying a 20 per cent stake in Citic, China's largest conglomerate, for HK$80.3 billion.

Citic offers to buy Singapore firm

Citic, the mainland's largest conglomerate, has offered to take a majority stake in Singapore-listed United Envirotech and turn it into its flagship in the water and environmental protection business, in a deal worth up to HK$7.52 billion.

Citic unveils new board line-up

Citic has appointed its parent’s vice chairman Wang Jiong as its vice chairman and president, as part of wider top management reshuffle.

SFC's legal action against Citic a reassuring sign

The authorities have launched actions in some high-profile cases of insider trading and market misinformation to punish wrongdoers, compensate investors and safeguard Hong Kong's reputation for a level playing field.

Company will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group

Huarong, one of China’s largest distressed debt managers, will change its name to China Citic Financial Asset Management