Headquartered in Hong Kong with over 30 years of history, CITIC Pacific manages a diversified portfolio of business in the property, consumer products, healthcare, and infrastructure sectors. We are a wholly-owned subsidiary of Hong-Kong listed CITIC Limited (267.HK), one of China’s largest con...
At CITIC Pacific
We build businesses with distinctive competitive advantages by leveraging our China heritage and global perspective. Over the past 30 years, we’ve cultivated industry leaders including CITIC Pacific Special Steel, a world-leading manufacturer of special steel products, Sino Iron, Australia’s largest magnetite iron ore project and CITIC Pacific Energy which manages traditional and green energy generation. 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.
Fundamental Guideline for constructing CITIC Group's corporate culture
Honesty and trustworthiness, to seek interest without compromising moral principles, to be prudent and cautious in work, to uphold fundamental principles and bread new ground, to be compliant with law and regulations.
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’s parent company CITIC Limited (267.HK) is one of China’s largest conglomerates. CITIC Limited is listed on the Hong Kong stock exchange and 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 the early 90s, CITIC Hong Kong acquired Tylfull Company Limited and injected its assets into the Hong Kong-listed acquisition, renaming it CITIC Pacific Limited. CITIC Pacific (267.HK) became the first red chip company listed on the Hong Kong Stock Exchange and a constituent of the Hang Seng Index.
In September of 2014, CITIC Group injected the majority of its assets into CITIC Pacific and changed the listed entity’s name to CITIC Limited. CITIC Pacific then became CITIC’s wholly-owned subsidiary.
Our businesses continue 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 transferred its equity interests in CITIC Pacific Special Steel and CITIC Pacific Energy to its parent company
CITIC Pacific is honoured with multiple ESG accolades, including the Cailian Press Zhiyuan Award – Environment-Friendly (E) Pioneer Enterprise, the Hong Kong Economic Journal ESG & Sustainability Award of Excellence (Non-listed Companies), HERA GBA Outstanding ESG Disclosure award, and the TVB ESG Special Recognition Award-with Merit
The near-zero carbon emission electric furnace by CITIC Pacific Special Steel’s Jingjiang Special Steel becomes the first national-level model for short-process electric furnace steelmaking in China
Nanjing Steel launches the Yuanye·Steel Large Model with Huawei
CITIC Pacific Energy’s Lidian Phase V project #10 generation unit officially begins commercial operation; CITIC Pacific Energy’s agro-photovoltaic power station (Phase I) with 79.7MW/100.8MWp generation capacity in Tonglu is successfully connected to the grid
CITIC Pacific receives the Green Low-Carbon Pioneers Award at the Second KPMG ESG 50 Awards • 2024
MSCI adds CITIC Pacific Special Steel and Nanjing Steel to its China A share index
Nanjing Steel wins second place in the national finals of the “Data Element×” competition
Jiangyin Lingang Hospital is put into operation
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
