CITIC Group Corporation Ltd., formerly the China International Trust & Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing. As of 2019, it is China's biggest state-run conglomerate with one of the largest pools of foreign assets in the world. In 2023, the company was ranked 71st in the Forbes Global 2000.
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CITIC Group in the context of Beijing National Stadium
The National Stadium (国家体育场), a.k.a. the Bird's Nest (鸟巢), is a stadium at Olympic Green in Chaoyang, Beijing, China. The National Stadium, covering an area of 204,000 square meters with an 80,000 person capacity (91,000 with temporary seating), broke ground in December 2003, officially started construction in March 2004, and was completed in June 2008.
The National Stadium is owned and operated by a partnership company between Beijing Municipal State-owned Assets Management Co Ltd (58%) and CITIC Group (42%).
View the full Wikipedia page for Beijing National Stadium