CITIC Bank is a holding subsidiary of China CITIC Co., Ltd., with a shareholding ratio of over 65%, which is absolute holding; CITIC is a holding subsidiary of CITIC Group, with a shareholding ratio of 58%. CITIC Group is a wholly state-owned company, and the Ministry of Finance holds 100% of the shares. In this way, the state-owned capital represented by the Ministry of Finance has the ultimate control over CITIC Bank, which should be regarded as a state-owned enterprise.
Historical background of CITIC Group
Rong Yiren's "Rong family", the first generation of Rong and Rong Desheng, was the famous "king of flour" and "king of cotton spinning" before liberation. After the founding of New China, Rong Yiren served as vice mayor and vice minister of textile industry.
Therefore, Mr. Rong Yiren served as the first chairman and led the initial development of CITIC Group. After more than 40 years' development, CITIC Group has become a large multinational enterprise group with many businesses, involving financial and industrial fields, with 65,438+076 subsidiaries and 65,438+02 listed companies.