Is Citic government owned?
CITIC is predominantly a state-owned enterprise, having been originally established by the Chinese government to serve as an investment window for foreign capital and modern economic development. The majority of its shares are held by state-backed entities under the supervision of the Chinese government. Although portions of its business subsidiaries are publicly traded on international stock exchanges like the Hong Kong Stock Exchange, ultimate control and strategic oversight remain closely tied to state governance and national economic policies.
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