China’s CITIC Sees 2014 Revenue Drop, as Assets Near $6 Trillion HKD
Posted: Wed Mar 23, 2016 10:13 am
One of the largest Chinese companies on the Hang Seng Index, CITIC limited, which represents a diverse range of businesses including its financial services division that handles banking, securities, trust and prudential business for the brand, has reported its 2014 annual report, signed by the company’s chairman today.
The company is a leading provider of financial services in China, including through its significant Citic Securities division, and saw its group revenues across all business lines total just over $402.12 billion Hong Kong dollars (HKD) for 2014 (which is roughly equivalent to almost $52 billion USD at today’s rate), and was lower than the ... (read more)