Topic
Followed by 1.4k people
TOPIC
CITIC Pacific (Hong Kong stock code 0267.HK) is a Hong Kong-based conglomerate which is majority owned by China’s Citic Group in Beijing. Its activities span property, metals and mining, telecoms, and consumer products and its subsidiaries include CITIC Pacific Mining, CITIC Pacific Special Steel and Dah Chong Hong Holdings.
- A consortium of mainland Chinese and Hong Kong investors are bidding to buy Hong Kong Airlines
- The purchase, which is still under negotiations, will involve at least 2 billion yuan of fresh capital into the carrier, and the investors assuming part of the airline’s debt, sources said
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.
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, 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.
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.
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.
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.
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, 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.
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.
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.
State-backed conglomerate Citic is seeking legal advice on a HK$1.9 billion lawsuit brought by the SFC against it and five former directors for their failure to disclose massive forex losses in 2008.
State-backed conglomerate Citic is seeking legal advice on a HK$1.9 billion lawsuit brought by the SFC against it and five former directors for their failure to disclose massive forex losses in 2008.
In 1979, as paramount leader Deng Xiaoping reopened China's depleted economy, he invited some old industrialists who had survived the revolution for a lamb hot pot lunch in a cigarette smoke-shrouded room.
In 1979, as paramount leader Deng Xiaoping reopened China's depleted economy, he invited some old industrialists who had survived the revolution for a lamb hot pot lunch in a cigarette smoke-shrouded room.
Citic Pacific shareholders have voted almost unanimously for the company to buy nearly all the assets of parent firm Citic Group, cementing a landmark 227 billion yuan deal that has been touted as the start of a new wave of reform of state-owned enterprises.
Citic Pacific shareholders have voted almost unanimously for the company to buy nearly all the assets of parent firm Citic Group, cementing a landmark 227 billion yuan deal that has been touted as the start of a new wave of reform of state-owned enterprises.
Citic Pacific has agreed to buy almost all of its parent's assets not already under the Beijing-backed steel-to-property Hong Kong-listed firm for 227 billion yuan (HK$284.8 billion), which would make it the second-largest listed conglomerate in Greater China after the Li Ka-shing-led Hutchison Whampoa.
Citic Pacific has agreed to buy almost all of its parent's assets not already under the Beijing-backed steel-to-property Hong Kong-listed firm for 227 billion yuan (HK$284.8 billion), which would make it the second-largest listed conglomerate in Greater China after the Li Ka-shing-led Hutchison Whampoa.
As one of China's first state-owned enterprises run on quasi-market principles, Citic Group was at the forefront of the nation's economic reforms under Deng Xiaoping. Now the conglomerate looks set to replay its role in the reform of state-owned giants by planning to inject almost all its assets into its Hong Kong-listed unit, Citic Pacific. It also will likely relocate its headquarters to Hong Kong.
As one of China's first state-owned enterprises run on quasi-market principles, Citic Group was at the forefront of the nation's economic reforms under Deng Xiaoping. Now the conglomerate looks set to replay its role in the reform of state-owned giants by planning to inject almost all its assets into its Hong Kong-listed unit, Citic Pacific. It also will likely relocate its headquarters to Hong Kong.
Investors are keenly watching for the next state-owned enterprise to follow in the wake of Citic’s ground-breaking restructuring, in which Citic Pacific will mount a US$36 billion reverse takeover of its parent.
Investors are keenly watching for the next state-owned enterprise to follow in the wake of Citic’s ground-breaking restructuring, in which Citic Pacific will mount a US$36 billion reverse takeover of its parent.