Since the establishment of China CITIC Group Co., Ltd. (the former China International Trust and Investment Corporation), the company has given full play to the important role of economic reform pilot and opening-up window, carried out fruitful exploration and innovation in many fields, and successfully opened up a path for China's reform, opening-up and modernization construction by absorbing and using foreign capital, introducing professional technology, equipment and management experience Innovation and development of service. In 2002, China International Trust and Investment Corporation carried out system reform, changed its name to China CITIC Group Corporation and became a state authorized investment institution. In 2011, China CITIC Group Company was restructured as a wholly state-owned company, renamed as China CITIC Group Co., Ltd. (hereinafter referred to as "CITIC Group"), and initiated the establishment of China CITIC Co., Ltd. (hereinafter referred to as "CITIC Group"). In August 2014, CITIC Group injected 100% of CITIC shares into CITIC Pacific, a Hong Kong listed company, and realized the overall overseas listing. CITIC Group has developed into a large state-owned comprehensive multinational enterprise group, whose business covers finance, resources and energy, manufacturing, engineering contracting, real estate and other fields. CITIC stock (SEHK: 00267) is one of the larger components of Hong Kong Hang Seng Index. As of December 31, 2016, CITIC's total assets amounted to HK $7238 billion, operating revenue was HK $380.8 billion, and net profit attributable to common shareholders was HK $43.1 billion.
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