CITIC Group was established in 1979 by Mr. Rong Yiren with the support of late Chinese leader Deng Xiaoping. Since its inception, CITIC Group has been a pilot for national economic reform and an important window on China's opening to the outside world. It has blazed a new trail of development for China's Reform and Opening-up by raising foreign capital, introducing advanced technologies, and adopting advanced international practice in operation and management, thus building up good reputation both home and abroad.
CITIC Group, aligning its mission with national goals and contributing to national rejuvenation, pursues a vision of “building an outstanding conglomerate with a lasting reputation.” As for work priorities, it strives to deepen SOE reforms, strengthen technological innovation and integrate itself into regional strategies. Operating in 5 business sectors：comprehensive financial service, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanization, CITIC is committed to pioneering national goals and to being a leading technology-driven group. CITIC Group has been included on the Fortune’s Global 500 for 15 consecutive years since 2009, ranking 100th in 2023.
In August, 2014, CITIC Group injected its majority assets into CITIC Pacific, its Hong Kong-listed subsidiary, which was sequentially renamed CITIC Limited (SEHK: 00267).
CITIC Limited (SEHK: 00267) is one of the largest constituents of the Hang Seng Index. As of 31 December 2022, CITIC Limited had total assets of HK$11,794.2 billion and total ordinary shareholders' funds of over HK$737.25 billion.