CITIC Dicastal is not a central enterprise, but a joint-stock limited company.
CITIC Bank, the major shareholder of CITIC Dicastal, is a state-owned bank and a state-owned enterprise. However, the joint venture structure of CITIC Dicastal and American Express also makes it have the characteristics of a private enterprise. From the perspective of business characteristics, CITIC Dicastal is more inclined to private enterprises. Its main business is credit card issuance and consumer financial services, which is a typical commercial activity. CITIC Dicastal is not a state-owned enterprise, but it plays an important role in China's auto parts industry. For example, CITIC Dicastal is a leader in the field of aluminum alloy wheel manufacturing, and its products have reached the world's top level. Introduction to central enterprises: Chinese central Ste-owned enterprises (Chinese central Ste-owned enterprises), the abbreviation of "centrally managed enterprises", refer to the functions of investors performed by the Central People's Government (State Council) or entrusted state-owned assets supervision and administration agencies, and the leadership team is directly managed or entrusted by the central government Wholly state-owned or state-controlled enterprises managed by the Central Organization Department, the State-owned Assets Supervision and Administration Commission of the State Council, or other central ministries and commissions (associations).