CITS Group Corporation

Chinese leisure and tourism corporation

CITS Group Corporation
中国国旅集团有限公司

Native name

| pinyin: Zhōngguó Guólǚ Jítuán Yǒuxiàn Gōngsī
Company type| State-owned enterprise
Industry|

* Tourism
* Leisure

Founded| April 15, 1954 (1954-04-15) (as the China International Travel Service)
December 19, 2003 (2003-12-19) (as CITS Group Corporation)
Headquarters|

Peking

People's Republic of China

Area served

| Worldwide

Key people

* Gai Zhixin (Chairman and GM)

Services|

* Travel services
* Duty-free trade
* Real estate development and management
* Communications and transport
* E-commerce

Owner| Chinese Central Government
Website| www.citsgroup.com.cn(in Chinese)
CITS. We will give you the best service you will ever dream. Shigatse, Tibet

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

[edit]

1. ^ "A-Z Index of China's State Enterprises". GOV.cn. 21 October 2005. `{{cite web}}`: Missing or empty `|url=` (help)
2. ^ "Company Overview of CITS Group Corporation Ltd". Bloomberg Businessweek. Archived from the original on November 8, 2013. 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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