Formerly known as China International Trust and Investment Corporation, CITIC Group is a transnational company that operates financial, banking, manufacturing, and telecommunication services ...

This is underpinned by its strong connection with its parent China Citic Group, one of the largest SOE conglomerates, with businesses covering financial, real estate, infrastructure, energy ...

Citic Bank, the main banking arm of China's central government-owned conglomerate Citic Group, did not respond to a Reuters request for comment. Abrdn and Citic Bank have been in talks for the ...

McDonald's has sold its China and Hong Kong franchise to Citic Group and Carlyle Group, the companies announced Monday. The $2.08 billion deal covers the fast food chain's franchise rights for the ...