Citic's Hong Kong holding firm is paying the parent US$36 billion in cash and stock for at least 29 China subsidiaries, including financial services businesses. Photo: Reuters

Citic's shift to Hong Kong seen as role model for other mainland SOEs

Restructuring seen as part of push to overhaul state-owned enterprises and boost Beijing's influence in an increasingly restive Hong Kong

Topic |   Citic Pacific

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Citic's Hong Kong holding firm is paying the parent US$36 billion in cash and stock for at least 29 China subsidiaries, including financial services businesses. Photo: Reuters
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