China Travel International Investment Hong Kong
| Company type | State-owned enterprise (Red chip) |
|---|---|
| SEHK: 308 | |
| Industry | Conglomerate |
| Founded | 31 August 1992 |
| Headquarters | Hong Kong |
Area served | Hong Kong, Macau, Mainland China |
Key people | |
| Parent | China Travel Service (Hong Kong) Limited[2] |
| Subsidiaries | TurboJET, Hong Kong China Travel Agency |
| Website | www |
China Travel International Investment Hong Kong Limited (SEHK: 308) is a Hong Kong–based state-owned investment holding company engaged primarily in tourism, passenger transportation, hospitality, and related service businesses.[3] 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.[4]
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).[5] The company was established to consolidate and manage tourism- and transportation-related assets of China Travel Service in Hong Kong and the surrounding region.[6]
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.[7]
Business activities
The group operates through several business segments focused on integrated tourism and transportation services.[1]
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.[8]
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.[9]
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.[10]
Hotel investment
The company maintains investment interests in hospitality assets in Hong Kong and mainland China, including hotels operated under international brands.[11]
Financial performance
| Fiscal year | Revenue | Operating profit/(loss) | Net profit/(loss) | Total assets |
|---|---|---|---|---|
| 2021 | 2,895 | (408) | (1,023) | 29,846 |
| 2022 | 2,411 | (784) | (1,282) | 28,648 |
| 2023 | 4,336 | 483 | 308 | 28,911 |
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.[2]
The company is ultimately controlled by central state-owned entities of the People's Republic of China through China Travel Service Group Corporation.[12] Its board of directors includes executive and independent non-executive directors in accordance with Hong Kong listing requirements.[13]
See also
References
- ^ a b c d China Travel International Investment Hong Kong Limited 2023 Annual Report (Report). China Travel International Investment Hong Kong Limited. Retrieved 30 December 2025.
- ^ a b "List of substantial shareholders". Hong Kong Exchanges and Clearing Limited. 15 April 2024. Retrieved 30 December 2025.
- ^ Li, Sophia (2019). The Chinese Travel Industry: Reform and Development. Palgrave Macmillan. p. 112.
- ^ Wang, Jin; Wei, Yingqi (2020). "Internationalisation of Chinese state-owned enterprises: The case of Hong Kong-listed red chips". Asia Pacific Business Review. 26 (5): 631–653. doi:10.1080/13602381.2020.1766835.
- ^ "China Travel Intl. Inv. HK Ltd (0308.HK) – Company profile". Hong Kong Exchanges and Clearing Limited. Retrieved 30 December 2025.
- ^ Wen, Julie Jie; Tse, Tina (2005). Tourism and China's Development. World Scientific. pp. 87–89.
- ^ Lee, Christine (15 March 1994). "CTS unit to develop Tsuen Wan site". South China Morning Post.
- ^ Shun Tak Holdings Limited 2023 Annual Report (Report). Shun Tak Holdings Limited. 2023. p. 45. Retrieved 30 December 2025.
- ^ Ng, Eric (18 October 2023). "Hong Kong tourism rebound boosts China Travel Service unit". Caixin Global.
- ^ Timothy, Dallen J. (2021). Cultural Heritage and Tourism in China. Routledge.
- ^ "Hotel and hospitality investments". China Travel International Investment Hong Kong Limited. Retrieved 30 December 2025.
- ^ "List of central enterprises". State-owned Assets Supervision and Administration Commission. Retrieved 30 December 2025.
- ^ Cheung, Yan-Leung (2020). The Hong Kong Securities and Futures Ordinance: Commentary and Annotations. Wolters Kluwer.
External links
- Business data for China Travel International Investment Hong Kong:
- Official website