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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.
- Company beats 24 other bidders for the plot, which was initially expected to go for HK$1.7 billion to HK$5.41 billion (US$218 million to US$694 million)
- Tai Hang plot is Citic Pacific’s first win since it secured a residential site in Ma On Shan four years ago
DCH’s business has been challenged by intense competition and diversified landscape.
DCH’s business has been challenged by intense competition and diversified landscape.
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
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
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.
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.
The family of former chief secretary Henry Tang Ying-yen is among a consortium of investors in talks to buy Hong Kong Airlines.
The family of former chief secretary Henry Tang Ying-yen is among a consortium of investors in talks to buy Hong Kong Airlines.
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.