CITIC Securities

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CITIC Securities Company Limited (SSE: 600030, SEHK: 6030) is a leading full-service investment bank in China, it maintains the leading position on business fronts such as investment banking, brokerage, asset management, investment advisory service, etc. CITIC Securities was established in 1995 and it is headquartered in Beijing. Its parent company is CITIC Group.

Listing

On January 6, 2003, CITIC Securities (Ticker: 600030.SH) was listed on the Shanghai Stock Exchange (SSE). On October 6, 2011, CITIC Securities (Ticker: 6030.HK) was listed on the Hong Kong Exchanges and Clearing Limited (HKEX).

Rank

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.[1] 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.

Awards

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.

Acquisition

In July 2012, the company agreed to buy Crédit Agricole SA CLSA unit 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.[2]

Legal investigation

On August 25, 2015 the Chinese news media announced that several executives within the company were under investigation for possible wrongdoing.[3]

Later in September 15, CEO was taken away for investigation on possible insider trading.

References

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External links

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