China National Machinery Equipment Group is established in Luoyang.

On December 2nd, the unveiling ceremony of the CITIC Equipment Manufacturing Group was held in Luoyang, Henan Province. It is understood that the CITIC Equipment Manufacturing Group is a key carrier for CITIC Group to implement national strategies and serve the development of a strong manufacturing country. It is also a key practice for CITIC Group to integrate into local layouts and empower regional development, and a key measure for CITIC Group to deepen the "Star Chain" project and "Pillar" action of technological innovation in industry. It is committed to laying a solid foundation for the construction of a globally competitive technology-based excellent group for CITIC Group. By integrating the core assets of the manufacturing sector of CITIC Group, it can directly strengthen its R&D and manufacturing capabilities in key industrial chains such as advanced engineering machinery, robots and CNC machine tools, energy-saving and environmental protection equipment, and advanced alloy materials, providing double guarantees of "core technology + production capacity support" for related industrial clusters.