CITIC Limited operates in highly competitive markets. Failure to compete in terms of product specifications, service quality, reliability or price may have an adverse impact on the Group.
|–||The financial services business faces fierce competition from domestic and international commercial banks and other financial institutions.|
|–||The engineering contracting business is challenged by global peers as well as China’s large state-owned enterprises and private companies.|
|–||Resources and energy, manufacturing, real estate operations, and other businesses in different sectors also face severe competition over resources, technologies, prices and services.|
Intensification of competition might result in lower product prices, narrower profit margins as well as loss of market share for CITIC Limited.