One of the top five shareholders with 4.68 per cent is CITIC International Assets Management Ltd, which is a subsidiary of CITIC International Financial Holding Limited - the financial flagship of CITIC Group, a multinational conglomerate. By the end of 2006, CITIC's total assets stood at 929.2 billion yuan ($155 billion) with an after-tax profit of 6.09 billion yuan. Min Yang, chairman and largest shareholder of ASF who is also the president of the Aus-Sino Investment Association, said: "ASF acts as a bridge for business and investment opportunities between Australia and China, with an experienced management team and board". She added: "We have a diversified growth strategy through acquisitions, joint ventures and organic growth centred on four key sectors - minerals and resources, property marketing and services, travel and China venture capital investment."