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Chinese employees are seen at the stand of China International Travel Service (CITS) during an exhibition in Shanghai, 14 November 2014.[Photo/IC] |
Approved by the State Council, CITS is now a wholly-owned subsidiary of the China National Travel Service (HK), the State-owned Assets Supervision and Administration Commission (CSRC) said in a statement.
"The CITS is no longer under the CSRC's supervision," the statement said.
China National Travel Service (HK) Group is a leading travel group engaging in tourism, industrial investment, real estate development and logistics.
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