Citic @ The China Perspective

Faced with underperforming stock markets and low yields on bank deposits, Chinese investors long saw property as the best means to make and store wealth, driving up real estate prices. Now the markets have recovered, profit taking has given the real estate sector fresh impetus reports the Economic Daily.

Citic subsidiary to buy Kazakh oil field

July 08,2007

By STAFF EDITOR

Fast fashion competes with mainland brands for middle class wallets

May 31,2007

By AMY CHEUNG

Shanghai’s growing shopping queues have been attributed by commercial specialists to new retail models or new items. The fashion craze in China’s most westernized city is being led by “fast fashion” brands targeting middle class consumers. H&M, ZARA and C&A will soon be followed by NEXT and TOP SHOP. China Business News asks whether this trend will marginalize Chinese brands?

CIB plans expansion alongside strategic investors

May 20,2007

By AMY CHEUNG

2007 is turning into a benchmark year for Industrial Bank of China (CIB), a Fuzhou-headquartered joint venture between the Fujian provincial government and Hong Kong’s Hang Seng Bank. In an exclusive interview with China Business News, bank chairman Li Renjie said that now the bank had gone public through an offering in Shanghai, overseas strategic investors were key to the banks development strategy.

1 2 3 4 5 6 7 8 9

Established in 1979 with focus on finance, industrial production and other services, CITIC Group has grown to be a multinational corporation with 44 subsidiary banks in Hong Kong, North America and Australia. It has controlling shares in CITIC Securities, the largest publicly traded securities broker in the Mainland. It reported an 800 per cent jump in net profit in the first half of 2006. The Group also fully owns many Mainland industry giants include CITIC Bank, CITIC Construction and CITIC Resources Holdings. By the end of 2004, the Group has total assets stood at RMB 701.411 billion with an after-tax profit of RMB 1.782 billion.

Today’s Daily Briefs E-Mail

	Chinese brokers challenging Wall Street counterparts September 27,2007 By STAFF EDITOR Oil fuels Citic Resources profit gains September 24,2007 By STAFF EDITOR Interbank dealers’ asssociation launched September 04,2007 By STAFF EDITOR Automakers drive steel profits August 30,2007 By STAFF EDITOR China Merchants Securities plans listing August 20,2007 By STAFF EDITOR China AMC posts record 1H earnings August 16,2007 By STAFF EDITOR Surging stock markets pump up China property August 13,2007 By TONY JIN Faced with underperforming stock markets and low yields on bank deposits, Chinese investors long saw property as the best means to make and store wealth, driving up real estate prices. Now the markets have recovered, profit taking has given the real estate sector fresh impetus reports the Economic Daily. Citic subsidiary to buy Kazakh oil field July 08,2007 By STAFF EDITOR Fast fashion competes with mainland brands for middle class wallets May 31,2007 By AMY CHEUNG Shanghai’s growing shopping queues have been attributed by commercial specialists to new retail models or new items. The fashion craze in China’s most westernized city is being led by “fast fashion” brands targeting middle class consumers. H&M, ZARA and C&A will soon be followed by NEXT and TOP SHOP. China Business News asks whether this trend will marginalize Chinese brands? CIB plans expansion alongside strategic investors May 20,2007 By AMY CHEUNG 2007 is turning into a benchmark year for Industrial Bank of China (CIB), a Fuzhou-headquartered joint venture between the Fujian provincial government and Hong Kong’s Hang Seng Bank. In an exclusive interview with China Business News, bank chairman Li Renjie said that now the bank had gone public through an offering in Shanghai, overseas strategic investors were key to the banks development strategy. 1 2 3 4 5 6 7 8 9	Established in 1979 with focus on finance, industrial production and other services, CITIC Group has grown to be a multinational corporation with 44 subsidiary banks in Hong Kong, North America and Australia. It has controlling shares in CITIC Securities, the largest publicly traded securities broker in the Mainland. It reported an 800 per cent jump in net profit in the first half of 2006. The Group also fully owns many Mainland industry giants include CITIC Bank, CITIC Construction and CITIC Resources Holdings. By the end of 2004, the Group has total assets stood at RMB 701.411 billion with an after-tax profit of RMB 1.782 billion. Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR Clean tech fund unveils Shanghai eco project Online love headhunter eyes IPO ZTE produces 100 millionth mobile handset Alibaba and Home Inns team up to bring SMEs online Teamsum rewards excelling HK branch with cash injection Chongqing Chang’an, Jiangling Motors reveal financials Cement investment skyrockets, demand set to slow Good times over for steel industry over: Baosteel boss Huge molybdenum mine unearthed in Hainan province China’s animation industry triples value Go to Complete List >

LOGIN AGRICULTURE AND FOOD AUTOMOTIVE AVIATION BANKING, FINANCE AND INSURANCE CHEMICALS CONSUMER AND RETAIL DEMOGRAPHICS EDITOR'S BLOG ENERGY HEAVY INDUSTRY INFRASTRUCTURE AND CONSTRUCTION INVESTMENT LEGAL AND REGULATORY LOGISTICS AND TRANSPORT MACROECONOMICS NATURAL RESOURCES AND COMMODITIES PHARMACEUTICALS POLITICS REAL ESTATE STOCK MARKETS TELECOMMUNICATIONS, MEDIA AND TECHNOLOGY TEXTILES TRADE ABOUT US Affiliates Contact Us HELP Privacy Policy Terms of Use