Citic thinking of listing some of its units

Hong Kong

CITIC Ltd, a Chinese conglomerate with assets from financial services to energy, said it was mulling listing some units, just as Chinese stocks plunged by the most since 2007.

"Some of our unlisted subsidiaries have quality assets with high potential that are under-appreciated and undervalued by the market," chairman Chang Zhenming said in a statement to Hong Kong's stock exchange on Monday.