Topic

Citici

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.

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  • 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 beat out rivals such as CK Asset Holdings, Kerry Properties and Citic Pacific for land that could fetch HK$33,000 per square foot when construction is completed.

Li Bolun was one of the most powerful figures in the Chinese entertainment industry. His precipitous fall from favour has left a legacy of legal wrangling over the ownership of a Canadian Chinese media company.

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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.

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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

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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.

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.

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.

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

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.