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China Travel International Investment Hong Kong

China Travel International Investment Hong Kong Limited () is a Hong Kong–based state-owned investment holding company engaged primarily in tourism, passenger transportation, hospitality, and related service businesses. Incorporated and listed in Hong Kong in 1992, the company operates as a red chip enterprise and is a subsidiary of China Travel Service (Hong Kong) Limited, which is ultimately controlled by central state-owned entities of the People's Republic of China.

History

China Travel International Investment Hong Kong Limited was incorporated on 31 August 1992 and listed on the Hong Kong Stock Exchange on 11 November 1992 (stock code: 0308). The company was established to consolidate and manage tourism- and transportation-related assets of China Travel Service in Hong Kong and the surrounding region.

During the 1990s, the company participated in several commercial and tourism-related developments in Hong Kong, including investments connected with transportation services and hospitality infrastructure.

Business activities

The group operates through several business segments focused on integrated tourism and transportation services.

Passenger transportation

The company is a co-owner, through its parent group, of TurboJET, a high-speed ferry operator providing hydrofoil and ferry services between Hong Kong, Macau, Shenzhen, and Guangzhou. TurboJET operates as a joint venture with Shun Tak Holdings.

Tourism and travel services

Tourism and travel services are provided primarily under the "Hong Kong China Travel Agency" brand, offering inbound and outbound tour services, ticketing, and travel-related arrangements.

Scenic spots and leisure assets

The group holds interests in scenic attractions and leisure-related assets in mainland China, including theme park and resort developments in the Pearl River Delta region.

Hotel investment

The company maintains investment interests in hospitality assets in Hong Kong and mainland China, including hotels operated under international brands.

Financial performance

Ownership and governance

China Travel International Investment Hong Kong Limited is a constituent of the Hang Seng Composite Index and is classified as a red chip company. Its immediate controlling shareholder is China Travel Service (Hong Kong) Limited, which held approximately 59.56% of the company’s issued share capital as of December 2023.

The company is ultimately controlled by central state-owned entities of the People's Republic of China through China Travel Service Group Corporation. Its board of directors includes executive and independent non-executive directors in accordance with Hong Kong listing requirements.

See also

References

External links