citic

Retail Asia01/02/2022

CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited, announced that Brook Wong, vice president of CITIC Telecom has been appointed to the additional role of chief executive officer of CITIC Telecom CPC effective 1st February, 2022, succeeding Esmond Li who has decided to retire and step […]

Retail Asia04/06/2021

The wealth planning specialist catering to ultra high net-worth individuals began her career 16 years ago as a wealth management associate at Citi. Faye Ong, previously head wealth planning for South Asia at Union Bancaire Privee, has rejoined the bank as head of the family office advisory, private capital group, according to a LinkedIn post […]

Retail Asia03/05/2021

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Citigroup CEO Jane Fraser’s first-quarter debut featured strong earnings worldwide and in Asia where the American lender is eyeing growth opportunities, particularly from private wealth in the region. Citi’s consumer banking unit in Asia saw $5.2 billion in net new money in the first quarter of 2021 – a 13 percent year-on-year increase – according […]

Retail Asia13/01/2020

CITIC has plans to sell a 22 percent stake in McDonald’s Chinese mainland and Hong Kong business to its parent group’s private equity arm. The main listed arm of the Chinese state-owned CITIC Group, CITIC Ltd., will aim to raise at least 2.17 billion yuan, according to a report citing a Beijing bourse filing. The report […]

Retail Asia06/12/2019

China CITI Bank International launches its robo-advisory offering in Hong Kong which was co-developed with fintech firm Quantifeed. The new goals-based advisory offering, «Robo 360» is a goal-based advisory service made available through CITIC’s mobile banking app, «inMotion». Investors will be able to access 8-20 portfolios with a minimum investment amount as low as $100 […]

Retail Asia21/03/2017

Hong Kong-based CITIC Telecom International has reported a record high operating profit of HK$850.1 million ($109.5 million) for 2016, up 6% from the prior year. During the year, CITIC Telecom launched its new City Link roaming services supporting data sharing in mainland China, Hong Kong and Macau, based on a network of more than four […]

Retail Asia10/01/2017

McDonald’s has confirmed the sale of its China and Hong Kong operations to an investment consortium for US$2.08 billion (HK$16.14 billion). Under the deal, the purchasers, Citic Limited, Citic Capital and The Carlyle Group, will open 1500 new outlets. Phyllis Cheung, CEO of McDonald’s China, says the Beijing-based Citic companies will together hold a majority […]

Retail Asia15/10/2016

Hong Kong’s CITIC Telecom International has expanded its presence in Southeast Asia with the acquisition of a 100% stake in cloud infrastructure services provider Acclivis. Acclivis mainly operates cloud facilities in the markets of Singapore, Indonesia, Malaysia and Thailand. The company also owns the ISP Pacific Internet in Singapore and Thailand. CITIC Telecom said the […]

Retail Asia11/05/2015

Five companies from three nations are banding together to sell imported popular household products like diapers and milk powder in China. The partners are Itochu, Japan’s third-largest trading house; Charoen Pokphand Group, Thailand’s biggest conglomerate; and Chinese companies CITIC, China Mobile and Shanghai Information Investment Inc. An agreement forming the venture, which will operate through a […]

Tag: citic

CITIC Telecom CPC appoints new CEO

Citi Boosts Wealth Ambitions With Family Office Hire

Citi Registers Stellar Growth in Asia

CITIC Offloads McDonald’s Stake

CITIC Launches Robo-Advisor in Hong Kong

CITIC Telecom posts record $109.5m profit for 2016

McDonald’s China and Hong Kong deal formally announced

CITIC Telecom to acquire Acclivis

Itochu, CP Group team up with Chinese companies to set up e-commerce venture in Shanghai FTZ