CITIC Group
Chinese state-owned investment company
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| 2023 | China Huarong Asset Management contracted to buy 5.01% of Citic Limited for HK$13.6 billion from CITIC Group's subsidiary, Citic Polaris, as a return on a 2021 investment. |
| 2023 | CITIC Group was ranked 71st in the Forbes Global 2000, highlighting its prominence as China's largest state-run conglomerate with extensive global assets. |
| October 2020 | Retail CEFC bondholders in Hong Kong filed a complaint with the Securities and Futures Commission against bond underwriter CITIC CLSA. |
| May 2018 | CITIC Group initially announced plans to repay approximately 450 million euros owed by CEFC Europe to J&T finance group. After failing to pay the debt within a week, J&T took over shareholder rights and installed crisis management at CEFC Europe. |
| May 2018 | CEFC Shanghai defaulted on $327 million in bond payments, offering to make payments six months after the maturity date. |
| November 2016 | CITIC CLSA acted as sole bookrunner for CEFC Shanghai's US$250 million bond issuance, secretly hiding that the bond was only 60% subscribed and manipulating the bond price in the secondary market to offload its held bonds. |
| 2015 | CITIC Group sold 10% stake of CITIC Limited to a joint-venture of Itochu and Charoen Pokphand for HK$34.4 billion, considered the largest investment by a Japanese general trading company and largest foreign investment in a Chinese state-owned enterprise. |
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