The China Travel Service (Holdings) Limited is the backbone of the state-owned enterprise directly supervise by Central government. It is also the largest travel corporation in China and was established in April 1928 by Chinese banker Chen Guangfu. From generation to generation, it is now a large state-owned enterprise under the direction of the State-Owned Assets Supervision and Administration Commission of the State Council, and engages in tourism, industrial investment (iron and steel), real estate development and logistics trade. Travel business is the main business of the group. The China Travel International Investment Hong Kong Ltd. (CTII), held by the HKCTS, was the flagship of the group in tourism industry. The HKCTS is the largest travel agencies in Hong Kong. The travel service has opened 43 branches and offices in Hong Kong and Macao, and 21 overseas branches in 16 countries. Looking forward to the future, HKCTS will adhere to the scientific concept of development and make great efforts to build itself into a tourist conglomeration with international competitiveness and an ‘aircraft carrier’ in China’s tourist industry, with a rational structure, advanced management expertise, a large contingent of qualified personnel, best application of high-technologies, as well as No. 1 in terms of market shares, total revenue, net profit and net assets, IT application, and comprehensive economic strength.