CITIC Pacific is incorporated in Hong Kong and publicly traded on the Hong Kong Stock Exchange. CITIC Pacific's largest shareholder is CITIC Hong Kong (Holdings) Ltd., a wholly owned subsidiary of CITIC in Beijing, Peoples' Republic of China.
CITIC Pacific has unrivalled experience and expertise in operating businesses in China both on the mainland and in Hong Kong. With the rapid development of the Chinese economy, CITIC Pacific is increasingly focusing its businesses activities on the mainland of China. Our major businesses are special steel manufacturing and iron ore mining which supplies the raw material needed in the making of special steel, and property development in mainland China.
CITIC Pacific is committed to excellent standards of corporate governance and a full description of the operation of the Board, System of Internal Control, Audit Committee, Codes and financial reporting may be found on page 51 of the 2006 Annual Report.
Ownership
CITIC Hong Kong - 29%
Management - 25.5%
Private and Institutional - 45.5%
