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CITIC Securities Co., Ltd. is a Chinese full-service investment bank. [1] It offers services in underwriting, research, brokerage, asset management, wealth management, and investment advisory. CITIC Securities was established in 1995 and it is headquartered in Shenzhen, Guangdong Province.
In 2023, China Huarong Asset Management, the company that manages the troubled assets, contracted to buy 5.01 percent of Citic Limited for HK$13.6 billion (US$1.7 billion). Huarong will acquire a stake from CITIC Group’s subsidiary, Citic Polaris. In addition, Huarong plans to change the name to China Citic Financial Asset Management.
On July 31, 2013, CITIC Securities acquired the remaining 80.1% of CLSA from Crédit Agricole and CLSA became wholly owned by Citic Securities. Controversies that have hit the firm include the Securities and Futures Commission reprimand in May 2004; Asiamoney “vote-rigging” email in 2005; and Allen Lam insider-trading conviction in July 2009.
SHANGHAI/BEIJING, Oct 30 (Reuters) - China's biggest brokerage CITIC Securities Co Ltd reported on Tuesday a 42 percent drop in third-quarter earnings on shrinking investment returns. Net profit ...
In 1984, the chairman of CITIC group at the time, Rong Yiren (荣毅仁), requested that the Chinese government create a banking division under his company, to fully embody the needs for foreign exchange. This move was approved by the People's Bank of China, and a banking division was created under CITIC group in April 1985. At this point, the ...
While small-cap stocks, such as CITIC Resources Holdings Limited (HKG:1205) with its market cap of HK$4.9b, are popular for their explosive growth, investors should also be aware of their balance ...
Image source: The Motley Fool. Exelixis (NASDAQ: EXEL) Q4 2024 Earnings Call Feb 11, 2025, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
A new firm with the same English trading name China Securities but different Chinese name (Chinese: 中信建投证券; lit. 'CITIC Jianyin Securities') was established by CITIC Securities and China Jianyin Investment in 2005 [8] and receiving the client from the old firm, but did not bear any legal responsibility of the old firm.