CITIC Ltd (267.xhkg)

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CITIC Ltd (267.xhkg) Profile

CITIC Ltd (267.xhkg) is a state-owned investment company of the People’s Republic of China, headquartered in Beijing, China. The company is one of China's largest conglomerates, providing comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanisation. Citic has one of the largest pools of foreign assets globally, with a market capitalisation of $29.97B (USD) as of January 2022 and $24.37B (USD) in 2021 yearly revenue. The CITIC Ltd stock (267.xhkg) is listed on the Stock Exchange of Hong Kong (HKG). Citic employs 135,304 people across 2 locations. The company announced that CITIC Ltd bought all issued shares in Balmoral Iron from Mineralogy in December 2021. In addition, Citic proposed a Spin-Off and a separate listing of Citic Metal on the Shanghai Stock Exchange.

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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 15896

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