CITS listed in China's premier business league

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

. 

 ◆ CITS listed in China's premier business league

The Head Office of the China International Travel Service (CITS) has been listed among China's top 500 companies with an annual income topping four billion yuan (483 million US dollars), according to the National Bureau of Statistics.

As China's only World Tourism Organization member, CITS has 13 subsidiary companies abroad in places such as the United States, France, Sweden, Denmark and Australia, as well as cooperative relations with more than 1,000 foreign travel agencies, said Li Lu'an, chairman of CITS Group and president of CITS Head Office.

At the beginning of this year, CITS and American Express established a joint venture company specializing in business travel.

CITS has branches in 12 domestic cities, including Shanghai, Tianjin and Guangzhou, and has three billion yuan (362 million US dollars) in assets. The company is a member of the Asian Pacific Travel Association and International Aviation Traffic Association.

CITS has also invested in big companies such as Taikang Life Insurance Company, the Bank of Communications and Hainan Airlines.