CITIC Limited operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, and urbanization in Mainland China, Hong Kong, and internationally. Its segments include Comprehensive Financial Services (banking, securities, trust, insurance, asset management), Advanced Intelligent Manufacturing (heavy machinery, specialized robotics, aluminum wheels, aluminum casting parts), Advanced Materials (iron ore, copper, crude oil, special steels), New Consumption (motor, food and consumer products, telecommunications, publication, modern agriculture), and New-Type Urbanisation (property development, contracting and design, infrastructure, environmental, and commercial aviation services). The company was formerly known as CITIC Pacific Limited and changed its name to CITIC Limited in August 2014. Incorporated in 1985 and based in Central, Hong Kong, it operates as a subsidiary of CITIC Group Corporation.