WebCITIC Ltd. is an investment holding company, which engages in finance, energy, engineering, manufacturing, and real estate businesses. It operates through the following segments: Comprehensive ... In October 2008, the chairman Larry Yung disclosed that the firm lost HK$15 billion (US$2 billion) due to "unauthorized trades". The unauthorised trades were hedges with a contract value of A$9 billion against the Australian dollar, taken out to cover against a A$1.6 billion prospective acquisition and capital expenditure. Losses were incurred on the contracts when the currency declined from 98.5% against the US dollar to less than 70%. Its parent company, CITIC Group pl…

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WebAt CITIC Limited, a Hong Kong-listed company and parent company of CITIC Pacific, Mr Fei holds the position of deputy general manager of the finance department and is a member of the asset and liabilities committee. WebFind the latest CITIC Securities Company Limited (6030.HK) stock quote, history, news and other vital information to help you with your stock trading and investing. CITIC Group was founded as the China International Trust Investment Corporation (Chinese: 中国国际信托投资公司; abb. CITIC), a Chinese state-owned enterprise in 1979. In the 1980s, Chinese government founded many for profit corporations, which CITIC was under the leadership of Rong Yiren, a former businessman and politician at that time, who chose to stay in the Mainland China in the 1950s after his family business was nationalized. His son, Larry Yung, was the former cha… darr mine death list