# Joint State-Private Ownership

The Red Capitalist’s Blueprint: How Rong Yiren Bridged Mao’s Revolution and Deng’s Reform

Rong Yiren, known as the 'Red Capitalist' and founder of CITIC, serves as the historical link between China’s private industrial past and its state-led capitalist future. This retrospective on his 110th anniversary explores his role in pioneering foreign investment models and his secret evolution from a private tycoon to a senior Communist Party official.