CITS Group Corporation

CITS Group Corporation
中国国旅集团有限公司
Native name
 pinyin: Zhōngguó Guólǚ Jítuán Yǒuxiàn Gōngsī
State-owned enterprise
Industry
Founded Beijing, China (December 19, 2003 (2003-12-19))
Headquarters Beijing, China
Area served
 Worldwide
Key people
Services
Owner Chinese Central Government
Website www.citsgroup.com.cn(Chinese)

The CITS Group Corporation (Chinese: 中国国旅集团有限公司; pinyin: Zhōngguó Guólǚ Jítuán Yǒuxiàn Gōngsī) is a state-owned leisure and tourism corporation based in Beijing, China.[1][2] With registered capital of CN¥390 million, 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 (SSE: 601888).[4]

References

  1. ↑ "A-Z Index of China's State Enterprises". GOV.cn. 21 October 2005.
  2. ↑ "Company Overview of CITS Group Corporation Ltd.". Bloomberg Businessweek. Retrieved 9 November 2013.
  3. ↑ "CITS Group". China International Travel Service Limited, Head Office. Retrieved 9 November 2013.
  4. ↑ Xinhua News Agency (21 July 2009). "China approves IPO of China International Travel Service". China Internet Information Center. Retrieved 9 November 2013.


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