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CITIC Group Corporation, formerly the China International Trust and Investment Corporation, is a State-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. Its headquarters are in Chaoyang District, Beijing. It operates through six Segments: Finance, Real Estate and Infrastructure, Engineering Contracting, Resources and Energy, Manufacturing, and Other Services. The company offers commercial banking services; brokerage, margin trading, securities lending, and QFII and research services; credit asset securitization, cash management trust, and small and medium enterprises trust services; and insurance services. It also provides micro-pawn, finance lease, and factoring services; fund management services; funding for various projects; and private equity.