He definately didn't found CITIC but was a director at one point in time.

Li was invited by Chinese leader Deng Xiaoping to become a member of the board of directors of the China International Trust and Investment Corporation (CITIC) to support the economic reform initiatives that Deng was attempting to develop. CITIC is China's largest conglomerate and is 42 percent owned by the government of China. It serves as the chief investment arm of China's central government and holds ministry status on the Chinese State Council. Li served only one year on CITIC's board before resigning his directorship. He was the non-executive director of The Hongkong and Shanghai Banking Corporation since 1980 and became Deputy Chairman of the bank in 1985. He was also Deputy Chairman of HSBC Holdings in 1991-1992.

http://en.wikipedia.org/wiki/Li_Ka-shing

You can't believe everything you read on the internet.

There is an article dated Feb. 22 that says " The report has also identified, Wang Jun, an arms dealers who is the head of China's Polytechnologies Company, the international outlet for Chinese weapons sales. Jun incidentally was also in the Board of CITIC -- the China International Trust and Investment Corporation, the chief investment arm of the Chinese central government.

Jun's fellow CITIC Board member is Li Ka Shing, chairman of Hutchison Whampoa Ltd -- yes the very same company that sold its telecom business interests in India [ Images ] to Vodafone. "

http://www.rediff.com/business/report/special-mrv-why-chinese-pla-must-be-laughing-on-vodafone-judgment/20120222.htm

There are lots of other sites that suggest Li Ka-Shing is connected with CITIC GROUP.

http://educate-yourself.org/nwo/chinagrowingthreatapr01.shtml

My guess he was a director and still has close ties but isn't a director.

JJ