Since 2008, the international financial crisis, China‘s proactive fiscal policy to take decisive and appropriate monetary policy response to the crisis to expand domestic demand full implementation of the package, quickly stabilize the economy and employment. CITIC Group in accordance with the work of the beginning of the deployment, timely adjustment of investment planning, key business indicators to achieve a higher growth. To the shareholders, creditors and other sectors of the community to understand more clearly and comprehensively the CITIC Group’s management, business development and financial position of CITIC Group and the Group continues to focus on internal and external stakeholder communication, and actively develop an effective channel to effectively improve the transparency of financial information.
CITIC Group, the standard reference to information disclosure of listed companies, with their own business situation, in a wide range, multi-angle disclosure of the Group‘s financial position, based on strengthening the work of information disclosure under the guidance and standardize the scope of affiliated companies and operating disclosure . Meanwhile, the CITIC Group in a timely manner on the Group portal, China Bond Information Network and the online bulletin Chinese currency financial statements and significant matters, and actively exchange information with the creditor banks to submit financial information, the answer from the creditor banks and bondholders, fulfill the debtor information disclosure obligations.
CITIC Group continued to strengthen with shareholders, the relevant ministries and regulatory authorities in the information communication work. Group headquarters management actively attend important meetings, events and forums, the reception or call on various financial and investment institutions, functions also through visiting seminars, special reports and other means, to the relevant ministries and periodic reports of various regulatory authorities CITIC Group operation and financial position, key subsidiary under the circumstances and the progress of major projects such as dynamic information. In 2009, the Ministry of Finance issued a series of financial holding company’s financial management regulations and financial management of the Group to provide a more clear standards, CITIC Group, the Group carried out strictly in accordance with the provisions of the content of information reporting and disclosure.
CITIC Group continued to maintain with the S & P, Moody‘s, the Japanese R I, and other rating units in the good faith cooperation, and conducted regular meetings to introduce the Group’s development strategy, business operation and financial strength of the latest situation. Rating results and the adjustments as follows:
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