{
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  "organisationId": "O-b0bcc03082b04657be4495224144b8b5",
  "slug": "citic-securities-co-a",
  "name": "CITIC SECURITIES CO-A",
  "updatedAt": "2026-09-28T14:44:04.159977Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "CITIC Securities Co., Ltd. is a Chinese securities firm established in 1995. Its businesses span investment banking, wealth management and brokerage, securities trading and market-making, and asset management. The company also provides institutional services including research and custody. Its A shares trade in Shanghai and its H shares trade in Hong Kong. [P132285702][P132284072][T15151381]\n\nThe company’s stated mission is to advance the functions of the capital market and serve the high-quality development of the economy. Its business network spans 13 countries. In 2025, it reported operating revenue of RMB74.854 billion and approximately 26,800 employees. [P132283902][P132283900][P132283895][P132285210]\n[P132285702][P132284072][T15151381][T15151381][P132283902][P132283900][P132283895][P132285210]",
      "updatedAt": "2026-09-28T14:44:04.159977Z"
    },
    {
      "type": "PRODUCTS",
      "text": "CITIC Securities provides equity and debt underwriting, mergers-and-acquisitions and restructuring advice, and other financial advisory services. Its brokerage and wealth-management offerings include securities and futures trading, investment consulting and distribution of financial products. For institutional clients, it provides research, trade execution, and financing and trading recommendations. [P132306837][P132306865][P132306878]\n\nIts financial-markets services include trading and market making in equities, fixed income, derivatives, foreign exchange and commodities. The firm offers structured equity products, fixed-income product design, derivatives market making, margin financing, securities lending and stock-pledge financing. Its asset-management business offers collective, single-client and specialized mandates. [P132306837][P132306890][P132306891][P132306893][P132306915]\n\nCITIC Securities also provides fund custody and outsourced fund administration. Its ARGOS platform offers fund-analysis tools, while a separate outsourced fund system supports automated settlement. Its research services cover domestic and overseas listed companies and unlisted businesses. [P132306931][P132306956]\n[P132306837][P132306865][P132306878][P132306890][P132306891][P132306893][P132306915][P132306931][P132306956]",
      "updatedAt": "2026-09-28T14:44:04.159977Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "CITIC Securities is registered in Shenzhen, Guangdong, and has offices in both Shenzhen and Beijing. Its domestic securities branch-office network spans major mainland cities, including Shanghai, Wuhan, Nanjing, Hangzhou, Chengdu, Tianjin and Urumqi. [P132308400][P132306666][T15153925][T15153926]\n\nThe company also has a Hong Kong business address and operates through overseas subsidiaries, including CITIC Securities International and Hong Kong-based brokerage and fund-services entities. Its CLSA-related subsidiaries include entities in the Netherlands and the United States. Beyond its physical footprint, the company reports capital-markets transactions in the United States, India, the Philippines, Malaysia, Indonesia, Thailand and Australia. [P132306666][T15154051][P132306859]\n[P132308400][P132306666][T15153925][T15153926][T15154051][P132306859]",
      "updatedAt": "2026-09-28T14:44:04.159977Z"
    },
    {
      "type": "SEGMENTS",
      "text": "CITIC Securities reports five business segments. In 2025, securities investment contributed approximately 37% of operating revenue, brokerage 28%, asset management 19%, securities underwriting 8%, and other businesses 8%.[T18272000] Securities investment encompasses trading and market-making in equities, fixed income and derivatives, as well as margin financing, securities lending and alternative investment.[P132286151] Brokerage covers securities and futures brokerage and agency sales of financial products; asset management manages investment plans, funds and other accounts; and underwriting covers securities placement, underwriting and financial advisory.[P132286150][P132286152][P132286149]\n\nIn its audited segment disclosures, the company uses the labels “Trading” and “Investment Banking” rather than “securities investment” and “securities underwriting.” The audited “Others” category includes private-equity and principal investment and other financial activities.[P132286149][P132286151][P132286153] Geographically, approximately 79% of 2025 operating revenue was domestic and 21% was overseas.[T18271625]\n[T18272000][T18272000][T18272000][T18272000][T18272000][T18272000][P132286151][P132286150][P132286152][P132286149][P132286153][T18271625][T18271625]",
      "updatedAt": "2026-09-28T14:44:04.159977Z"
    },
    {
      "type": "HISTORY",
      "text": "CITIC Securities was established in Beijing in October 1995 and converted into a joint-stock company in December 1999. After an initial public offering in 2002, its A shares began trading on the Shanghai Stock Exchange in January 2003. [P132300944][P132300945][P132300947]\n\nThe company expanded its access to international capital markets when its H shares listed in Hong Kong in October 2011. In July 2013, CLSA became a wholly owned subsidiary of CITIC Securities International, marking a significant expansion of the group’s overseas securities business. CITIC Securities completed its acquisition of Guangzhou Securities in January 2020 and renamed it CITIC Securities South China. [P132300953][P132294401][P132300957]\n[P132300944][P132300945][P132300947][P132300953][P132294401][P132300957]",
      "updatedAt": "2026-09-28T14:44:04.159977Z"
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