CITIC Securities Co., Ltd. (referred to as “CITIC Securities” or the “Company” hereafter) is China’s largest securities firm by total asset, net capital, and earnings. Fully licensed by CSRC, CITICS provides the most comprehensive service capabilities among all domestic investment banks. The company provides comprehensive financial services including securities brokerage, underwriting and sponsoring, proprietary trading, asset management, securities investment advisory, and margin trading and short selling.
The Company was incorporated in October 1995, headquartered in Shenzhen. In January 2003, the Company was taken public and listed on the Shanghai Stock Exchange as “CITIC Securities” (Ticker: 600030). The largest shareholder of CITIC Securities is CITIC Group. As of the end of 2010, CITIC Group held a 23.45
take in the Company. Embracing the innovative spirit inherited from the CITIC Group, the Company teams up with CITIC Bank and CITIC Trust, forming a conglomerate providing cross-border, comprehensive financial services to clients both at home and abroad.
Alongside the amazing development of China’s economy and capital markets, the Company has been constantly expanding its businesses and providing innovative products and services since its establishment 15 years ago. Starting as a securities company with net assets of merely RMB 300 million, 18 securities outlets and barely more than 450 staff members, the Company has now grown into a large securities group which provides numerous Chinese and international clients with all-round securities-related financial services, boasting net assets of over RMB 70 billion, more than 140 outlets and over 10,000 employees. As of the end of 2010, the company has ranked the first place in terms of both revenues and net earnings among domestic peers, accounting for 14.60f the total revenues and net earnings in the industry respectively
As of the end of 2010, CITIC Securities held controlling stakes in 6 subsidiaries: CITIC-Kington Securities Co., Ltd., CITIC Wantong Securities Co., Ltd., China Asset Management Co., Ltd., CITICS Futures Co., Ltd., Goldstone Investment Co., Ltd. and CITIC Securities International Co., Ltd. CITIC Securities owned 135 securities outlets and 6 futures outlets in China and other countries, as well as 8 overseas branches. The total assets of the Company had reached RMB 153.2 billion and its net capital had reached RMB 41.0 billion. The Company has maintained its leading position in investment banking, bond financing, corporate development financing, brokerage, and asset management.
Customer service, employee development, and shareholder return are the three pillars which constitute and define the Company’s reputation. Always business oriented, CITICS has long held true to the idea of management innovation, business innovation, and product innovation.
In 2010, the Company was awarded the “Best Equity House” and “Best Bond House” by Finance Asia; “Best Bond House in China” by the Asset; “Most Influential Investment Bank” and “Best Bond Investment bank” by Securities Times. It’s research teams have been awarded “Best Local Research Team” by New Fortune in five consecutive years.