CITIC Securities
Logo of CITIC Securities Co., Ltd.
|
|
| public | |
| Traded as |
|
| Industry | Financial services |
| Founded | 1995 |
| Headquarters | CITIC Securities Tower, Shenzhen, China |
|
Area served
|
China |
| Services | investment banking, securities brokerage |
| Owner | CITIC Group (15.59%) |
| Website | www |
CITIC Securities Co., Ltd. is China's largest full-service investment bank. 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.
On January 6, 2003, CITIC Securities (: ) was listed on the (SSE). On October 6, 2011, CITIC Securities (: 06030) was listed on the (HKEX).
In 2015 CITIC Securities ranked No. 1 of Chinese companies for assets sold for repurchasing financial assets and No. 2 for fair value change gain. In 2011, CITIC Securities ranked No.1 in China in investment banking business as measured by the total amount of equity and debt underwritten, No.1 in sales, trading and brokerage business as measured by equity and fixed income trading turnover and No.1 in asset management business as measured by AUM. CITIC Securities is also the largest among China's investment banks as measured by total assets, total equity, total revenue and profit in 2011.
In 2011, CITIC Securities was awarded the "Best Equity House in China" and "Best Broker in China" by FinanceAsia; "China Equity House" by the IFR Asia; "Most Innovative Investment Bank from Asia" by The Banker. The research team have been awarded “Best Local Research Team” by New Fortune in six consecutive years.
In July 2012, CITIC Securities agreed to acquire Crédit Agricole's Asia brokerage and research unit CLSA for $1.25 billion which 19.9 percent stake or $310.3 million will be bought in the first step and the remaining 80.1 percent stake or $941.7 million will be bought later.
In August 2015, CITIC Securities was reported to be in advanced talks with to buy Russell Investments, an asset management firm based in the US. However the discussions was suspended due to a series of investigations into top CITIC Securities executives by Chinese authorities. In October London Stock Exchange announced the sale of Russell Investments to TA Associates, a Boston private equity firm for USD 1.15 billion, much lower than USD 1.8 billion offered by CITIC Securities.
...
Wikipedia