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CITIC Group is a diversified state-owned conglomerate founded in 1979, operating in five business sectors: comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanization. While primarily a financial and industrial conglomerate, it operates significant healthcare subsidiaries including CITIC Medical & Health and has investment arms (Trustar Capital, CITIC Capital) involved in pharmaceutical acquisitions and healthcare sector investments. Its healthcare subsidiaries have programs in development ranging from CAR-T cell therapy to vaccines and small molecules.
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