CITS Group Corporation explained

CITS Group Corporation
中国国旅集团有限公司
Native Name Lang:zh
Type:State-owned enterprise
Foundation: (as the China International Travel Service)
(as CITS Group Corporation)
Location City:Peking
Location Country:People's Republic of China
Area Served:Worldwide
Owner:Chinese Central Government

The CITS Group Corporation is a state-owned leisure and tourism corporation based in Beijing, China.[1] [2] With registered capital of, the group is one of the largest Chinese tourism enterprises.[3] It is primarily engaged in travel services, duty-free trade and real estate development and management.Among its major subsidiaries include CITS Head Office, China Duty Free Group, CITS Real Estates, etc.The group is also the holding company of CITS Corporation Ltd, a domestically listed joint-stock corporation .[4]

Notes and References

  1. Web site: A-Z Index of China's State Enterprises . GOV.cn . 21 October 2005 .
  2. Web site: Company Overview of CITS Group Corporation Ltd. . https://archive.today/20131108161100/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=109853777 . dead . November 8, 2013 . Bloomberg Businessweek . 9 November 2013.
  3. Web site: CITS Group . China International Travel Service Limited, Head Office . 9 November 2013.
  4. News: China approves IPO of China International Travel Service . . 21 July 2009 . 9 November 2013 . Xinhua News Agency.