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CITIC Group Corporation formerly the China International Trust and Investment Corporation, is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its initial aim was to "attract and utilize foreign capital, introduce advanced technologies, and adopt advanced and scientific international practice in operation and management." It now owns 44 subsidiaries including China CITIC Bank, CITIC Holdings, CITIC Trust Co. and CITIC Merchant Co., Ltd (mainly banks) in China, Hong Kong, the United States, Canada, Australia and New Zealand.
|10/08/2021||S&P Global Ratings revised outlook on CITIC to positive and affirmed at "BBB+" (Foreign Currency LT) credit rating|
|29/06/2021||S&P Global Ratings affirms CITIC at "BBB+" (Foreign Currency LT credit rating); outlook stable|
|05/06/2018||Moody's Investors Service revised outlook on CITIC to stable and affirmed at "A3" (LT- local currency) credit rating|
|05/06/2018||Moody's Investors Service revised outlook on CITIC to stable and affirmed at "A3" (LT- foreign currency) credit rating|