TIL

Investment management

Global alternative investment management and advisory company founded in 2002. Core businesses include Private Equity, Real Estate, Structured Investment and Finance, and Asset Management. Acquired Trilogy in 2018. CITIC Capital is 42.8% owned by China's largest conglomerate CITIC Group, 31% by China Investment Corporation (CIC) and 22% by Qatar Holdings. CITIC Group and CIC are both owned by the Chinese Government.

Communist government

All power within the government of the People's Republic of China is divided among three bodies: the Chinese Communist Party, State Council, and the People's Liberation Army. In recent years China has been consolidating it's state-owned assets and inviting private investors to invest (often family members of high ranking government officials), however in most cases the government retains control and majority ownership. We have listed State-Owned Enterprises (SOEs) simply as subsidiaries of China's government, although in reality company ownership is often more complex.