Is CITS Global (Beijing) International Travel Service Co., Ltd. a state-owned enterprise?

CITS Global (Beijing) International Travel Service Co., Ltd., whose English name is CITS (Beijing) Travel Service Co., Ltd., is a wholly-owned subsidiary invested and established by China International Travel Service Head Office in 2008. Mainly engaged in outbound and inbound group tourism wholesale business. At the end of 20 17, CITS Universal Pictures implemented mixed reform, introduced more powerful strategic investors, focused on international ocean-going cruise ships, operated superior resources, formed a clear strategic main business, and started three years of rapid development of innovation. At present, it is the largest operator of cruise products except cruise companies in China. CITS Universal Pictures has a Beijing operation center focusing on tourism services, overseas companies such as Japan, South Korea, the Philippines and Hong Kong, branches in more than ten port cities such as Shanghai, Guangzhou and Shenzhen, branches and subsidiaries in port cities such as Sanya and Haikou, and cross-border duty-free e-commerce companies in Hong Kong and Xiamen. In 2020, CTS Global Travel (Hainan) Tourism Investment Company was established, introducing brand-new modes and high-end consumption experiences such as cruise tourism, duty-free shopping and shared tourism to Hainan, contributing to the development of tourism in Hainan.

After the mixed reform of central enterprises, CITS Global inherited the brand of "China CITS +CITS" for 66 years, and became a leading domestic, first-class Asian and world-renowned China brand with a brand value of over 80 billion yuan, ranking first among tourism service brands for 16 years, and continuously leading the tourism service industry in China. On June 5438+ 10, 2020, China International Travel Service (CITS) was ahead of its peers in market value under the blessing of China Exemption, and gained excellent reputation among peers and C-side.