Headquartered in Hong Kong with over 30 years of history, CITIC Pacific is a diversified business platform with operations in special steel, property, energy, health, consumer products distribution and other industries. We are a wholly-owned subsidiary of CITIC Limited (267.HK), which is a Hong Kong listed company and one of the largest conglomerates in China. CITIC Limited is owned by CITIC Group.
At CITIC Pacific
We build businesses with distinctive competitive advantages by leveraging our China heritage and with global perspective. We evaluate long-term growth opportunities for synergy and development potential, guided by a strategy that is customer-centric and commercially driven. By adopting international best practices across our operations, we aim to deliver operational excellence and sustainable value for our stakeholders, including our parent company and its shareholders, employees and the communities in which we operate.
CITIC Pacific's Vision
To build a diversified and sustainable business platform that delivers long term growth through operational excellence and distinctive competitive advantages
Mission
Create value for customers, employees and shareholders
Values
Integrity, Integration, Excellence, Innovation
Our Structure
CITIC Pacific Limited is a wholly owned subsidiary of CITIC Limited (267.HK) which is listed on the Hong Kong stock exchange and one of China’s largest conglomerates. CITIC Limited is a constituent of Hang Seng Index.
CITIC Group, which holds 53% of CITIC Limited, is a state-owned enterprise established in 1979 as a pioneer in China’s economic development and the partner of choice for foreign businesses entering China. Today, CITIC companies extend across comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption and new-type urbanisation.
History
Our story began in 1987 when China International Trust and Investment Corporation, now known as CITIC Group, formed CITIC Hong Kong (Holdings) Limited to capture opportunities arising from China’s emergence on the international stage and an increasingly interconnected global economy.
In 1991, CITIC Hong Kong bought Hong Kong listed Tylfull Company Limited, renamed it to CITIC Pacific Limited and injected assets into this listed company. CITIC Pacific became the first red chip company listed on the Hong Kong Stock Exchange and a constituent of the Hang Seng Index.
Over the next two decades, we combined a deep understanding of China with international best practices to build strong and competitive businesses in special steel, property, energy and consumer products distribution. Other investments include tunnels in Hong Kong and telecommunications.
In September of 2014, CITIC Pacific acquired majority assets of CITIC Group and changed the listed entity’s name to CITIC Limited. CITIC Pacific became a wholly owned subsidiary of CITIC Limited and its largest non-financial business platform.
Our business has has continued to evolve, fueled by China’s changing role in the global economy. Today, with over thirty years of growth and knowledge, our pioneering spirit continues to drive us to achieve new heights with perseverance and determination.
Milestones
CITIC Pacific Special Steel obtains a controlling stake in Tianjin Pipe making it the largest seamless steel pipe producer in the world
CITIC Pacific publishes its inaugural ESG report
CITIC Pacific Special Steel’s Xingcheng Special Steel is recognised a Factory Lighthouse by Global Lighthouse Network
CITIC Pacific completes the equity placement in Nanjing Iron and Steel Group and becomes NISCO’s controlling shareholder
CITIC Pacific unveils a new logo in alignment with the strategic direction of our parent company
DCH is privatised and became a wholly owned subsidiary of CITIC Pacific
Special steel business is restructured, with assets consolidated under Shenzhen-listed Daye Special Steel (000708.SZ) and renamed to CITIC Pacific Special Steel Group Co., Ltd
CITIC Pacific Special Steel acquires Jingjiang Special Steel
CITIC Pacific launches Tamar Alliance
CITIC Pacific acquires Qingdao Special Steel
DCH acquires LF Asia
The franchise to operate the Eastern Harbour Crossing in Hong Kong ends
CITIC Pacific acquires the majority assets of CITIC Group begins trading on the Hong Kong Stock Exchange on 1 September 2014 under CITIC Limited (267.HK)
CITIC Pacific disposes 65% interest in Shijiazhuang Steel
CITIC Pacific disposes 14.5% interest in Cathay Pacific Limited
CITIC Group becomes a controlling shareholder of CITIC Pacific with a 57.6% stake
CITIC Telecom International is listed on the Main Board of the Hong Kong Exchange as CITIC 1616 (1883.HK)
Dah Chong Hong is listed on the Main Board of the Stock Exchange of Hong Kong
CITIC Pacific acquires right to mine an additional one billion tonnes of iron ore in Western Australia
CITIC Pacific acquires mining rights to one billion tonnes of magnetite iron ore in the Pilbara region of Western Australia
CITIC Pacific acquires an interest in Shijiazhang Iron and Steel Co., Ltd
CITIC Pacific acquires a majority stake in Dongfang Iron and Steel Co., Ltd in Huangshi and renamed it to Hubei Xinyegang Company Limited
CITIC Pacific acquires CITIC Telecom 1616 Group and later renamed it to CITIC Telecom International Holdings Limited
CITIC Tower, the company’s headquarters is completed
CITIC Pacific acquires a 28.48 % interest in Eastern Harbour Crossing road tunnel and 10% in its rail tunnel
CITIC Pacific establishes its property business in Shanghai
CITIC Pacific acquires a controlling stake in Jiangyin Xingcheng Steel Mill
CITIC Pacific acquires a 10% interest in Western Harbour Tunnel in Hong Kong
Dah Chong Hong becomes a wholly-owned subsidiary of CITIC Pacific
CITIC Pacific acquires a 35% interest in Western Harbour Tunnel in Hong Kong
CITIC Hong Kong acquires a 12.5% interest in Cathay Pacific Limited and a 20% interest in Macau Telecom Limited
CITIC Hong Kong leads a consortium to acquire Dah Chong Hong
Tylfull Company Limited changes its name to CITIC Pacific Limited after the injection of CITIC Hong Kong assets
CITIC Hong Kong acquires a 49% interest in Hong Kong listed Tylfull Company Limited
China International Trust and Investment Corporation forms CITIC Hong Kong (Holdings) Limited as its wholly-owned subsidiary
Leadership
