CITIC Group was established in 1979 by Rong Yiren with the support of former Chinese leader Deng Xiaoping. Initially, the company was called China International Trust Investment Corporation, hence the current name CITIC. Since its inception, CITIC Group has been a pilot project for economic reforms and China’s opening to the outside world.

CITIC Europe Holdings a.s. (CITIC Europe) is a platform for the group’s investment activities in Europe. It is fully owned by Hong Kong company Rainbow Wisdom Investments Ltd. which is part of CITIC Group. CITIC Europe fully established itself on the Czech market to develop business activities and support Czech-Chinese business and economic cooperation. CITIC Europe and its partners seek business opportunities in the CEE region as well as across Europe.