Summary by Moomoo AI
CHINA TRANSPORTATION CONSTRUCTION CO., LTD. (ABBREVIATED AS ZHONGJIANG CONSTRUCTION) HAS ISSUED A 2023 CONTINUOUS RISK ASSESSMENT REPORT ON CITIC FINANCIAL CO., LTD. The report showed that CITIC Finance was set up jointly by Zhongzao Construction Group Co., Ltd., and the registered capital increased from RMB 35 billion to RMB 70 billion. As of the end of 2023, the number of Central Financial Services employees is 68. After adjusting the scope of business, CFO is allowed to operate a variety of businesses including absorption of member unit deposits, loans, promissory notes, etc. In terms of internal control, CFO establishes an organizational structure such as shareholders, boards of directors, supervisory boards and management, and implements a variety of control activities to ensure that business risks are effectively...Show More