CITS Group Corporation

CITS Group Corporation
中国国旅集团有限公司

Native name	pinyin: Zhōngguó Guólǚ Jítuán Yǒuxiàn Gōngsī
Type	State-owned enterprise
Industry	Tourism Leisure
Founded	Beijing, China (December 19, 2003)
Headquarters	Beijing, 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(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.