Handelen CITIC Limited - 0267 CFD

CITIC Limited operates in the financial services, resources and energy, manufacturing, engineering contracting, and real estate businesses in Hong Kong, Mainland China, Macau, and internationally. The company offers banking products and services; investment banking, brokerage, securities trading, and asset management services; trust products; and life, health, and accident insurance products, as well as reinsurance products. It also engages in the exploration, development, and production of oil; coal mining; import and export of commodities; aluminum smelting; bauxite mining; alumina refining; development of magnetite iron ore mine; production of copper, ferroniobium, and manganese; operation of coal-fired power stations with a total installed capacity of 6,400MW; and trading of industrial metals. In addition, the company manufactures bars, plates, steel tubes, wires, forging steel, and casting billets; heavy equipment; and automobile aluminum wheels and castings. Further, it provides engineering contracting services for infrastructure, housing, industrial construction, municipal engineering, civil construction, building, environmental protection, and industrial projects; and imports and exports mechanical and electrical equipment. Additionally, the company develops, sells, and manages commercial properties and integrated property projects, as well as mixed-use urban developments; and engages in the telecommunication, commercial aviation, publication, environmental, agriculture, and other businesses, as well as provides motor vehicles and related services, food and FMCG products, healthcare and electronics products, and logistics services. The company was formerly known as CITIC Pacific Limited and changed its name to CITIC Limited in August 2014. The company was founded in 1987 and is based in Central, Hong Kong, and is considered as a Red Chip company due to its listing on the Hong Kong Stock Exchange. CITIC Limited is a subsidiary of CITIC Group Corporation.