CITIC Press bets on Web to fuel its future growth

Firm's blueprint will also see expansion of bookstore network

CITIC Press Group, the publishing offshoot of State-owned investment company China International Trust and Investment Corporation, is planning to expand its Internet publishing operations while still growing its burgeoning network of bookstores.

The firm held a bell-ringing ceremony for its recent public debut on the New Three Board on Wednesday, at which its President Wang Bin said it considers innovation as key to future growth.