# CITIC SECURITIES CO-A

Summary updated: 2026-09-28T14:44:04.159977Z
Canonical: https://finbar.com/research/companies/citic-securities-co-a

## Overview

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. [1](https://app.finbar.com/go?id=P132285702)[2](https://app.finbar.com/go?id=P132284072)[3](https://app.finbar.com/go?id=T15151381)

The 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. [4](https://app.finbar.com/go?id=P132283902)[5](https://app.finbar.com/go?id=P132283900)[6](https://app.finbar.com/go?id=P132283895)[7](https://app.finbar.com/go?id=P132285210)
[1](https://app.finbar.com/go?id=P132285702)[2](https://app.finbar.com/go?id=P132284072)[3](https://app.finbar.com/go?id=T15151381)[3](https://app.finbar.com/go?id=T15151381)[4](https://app.finbar.com/go?id=P132283902)[5](https://app.finbar.com/go?id=P132283900)[6](https://app.finbar.com/go?id=P132283895)[7](https://app.finbar.com/go?id=P132285210)

## Products & services

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. [8](https://app.finbar.com/go?id=P132306837)[9](https://app.finbar.com/go?id=P132306865)[10](https://app.finbar.com/go?id=P132306878)

Its 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. [8](https://app.finbar.com/go?id=P132306837)[11](https://app.finbar.com/go?id=P132306890)[12](https://app.finbar.com/go?id=P132306891)[13](https://app.finbar.com/go?id=P132306893)[14](https://app.finbar.com/go?id=P132306915)

CITIC 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. [15](https://app.finbar.com/go?id=P132306931)[16](https://app.finbar.com/go?id=P132306956)
[8](https://app.finbar.com/go?id=P132306837)[9](https://app.finbar.com/go?id=P132306865)[10](https://app.finbar.com/go?id=P132306878)[11](https://app.finbar.com/go?id=P132306890)[12](https://app.finbar.com/go?id=P132306891)[13](https://app.finbar.com/go?id=P132306893)[14](https://app.finbar.com/go?id=P132306915)[15](https://app.finbar.com/go?id=P132306931)[16](https://app.finbar.com/go?id=P132306956)

## Geographic presence

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. [17](https://app.finbar.com/go?id=P132308400)[18](https://app.finbar.com/go?id=P132306666)[19](https://app.finbar.com/go?id=T15153925)[20](https://app.finbar.com/go?id=T15153926)

The 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. [18](https://app.finbar.com/go?id=P132306666)[21](https://app.finbar.com/go?id=T15154051)[22](https://app.finbar.com/go?id=P132306859)
[17](https://app.finbar.com/go?id=P132308400)[18](https://app.finbar.com/go?id=P132306666)[19](https://app.finbar.com/go?id=T15153925)[20](https://app.finbar.com/go?id=T15153926)[21](https://app.finbar.com/go?id=T15154051)[22](https://app.finbar.com/go?id=P132306859)

## Business segments

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%.[23](https://app.finbar.com/go?id=T18272000) Securities investment encompasses trading and market-making in equities, fixed income and derivatives, as well as margin financing, securities lending and alternative investment.[24](https://app.finbar.com/go?id=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.[25](https://app.finbar.com/go?id=P132286150)[26](https://app.finbar.com/go?id=P132286152)[27](https://app.finbar.com/go?id=P132286149)

In 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.[27](https://app.finbar.com/go?id=P132286149)[24](https://app.finbar.com/go?id=P132286151)[28](https://app.finbar.com/go?id=P132286153) Geographically, approximately 79% of 2025 operating revenue was domestic and 21% was overseas.[29](https://app.finbar.com/go?id=T18271625)
[23](https://app.finbar.com/go?id=T18272000)[23](https://app.finbar.com/go?id=T18272000)[23](https://app.finbar.com/go?id=T18272000)[23](https://app.finbar.com/go?id=T18272000)[23](https://app.finbar.com/go?id=T18272000)[23](https://app.finbar.com/go?id=T18272000)[24](https://app.finbar.com/go?id=P132286151)[25](https://app.finbar.com/go?id=P132286150)[26](https://app.finbar.com/go?id=P132286152)[27](https://app.finbar.com/go?id=P132286149)[28](https://app.finbar.com/go?id=P132286153)[29](https://app.finbar.com/go?id=T18271625)[29](https://app.finbar.com/go?id=T18271625)

## Company history

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. [30](https://app.finbar.com/go?id=P132300944)[31](https://app.finbar.com/go?id=P132300945)[32](https://app.finbar.com/go?id=P132300947)

The 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. [33](https://app.finbar.com/go?id=P132300953)[34](https://app.finbar.com/go?id=P132294401)[35](https://app.finbar.com/go?id=P132300957)
[30](https://app.finbar.com/go?id=P132300944)[31](https://app.finbar.com/go?id=P132300945)[32](https://app.finbar.com/go?id=P132300947)[33](https://app.finbar.com/go?id=P132300953)[34](https://app.finbar.com/go?id=P132294401)[35](https://app.finbar.com/go?id=P132300957)

## Sources

1. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p250](https://app.finbar.com/go?id=P132285702)
2. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p27](https://app.finbar.com/go?id=P132284072)
3. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p9](https://app.finbar.com/go?id=T15151381)
4. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p5](https://app.finbar.com/go?id=P132283902)
5. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p5](https://app.finbar.com/go?id=P132283900)
6. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p4](https://app.finbar.com/go?id=P132283895)
7. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p183](https://app.finbar.com/go?id=P132285210)
8. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p25](https://app.finbar.com/go?id=P132306837)
9. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p28](https://app.finbar.com/go?id=P132306865)
10. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p29](https://app.finbar.com/go?id=P132306878)
11. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p30](https://app.finbar.com/go?id=P132306890)
12. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p30](https://app.finbar.com/go?id=P132306891)
13. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p30](https://app.finbar.com/go?id=P132306893)
14. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p32](https://app.finbar.com/go?id=P132306915)
15. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p33](https://app.finbar.com/go?id=P132306931)
16. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p35](https://app.finbar.com/go?id=P132306956)
17. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p205](https://app.finbar.com/go?id=P132308400)
18. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p9](https://app.finbar.com/go?id=P132306666)
19. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p53](https://app.finbar.com/go?id=T15153925)
20. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p54](https://app.finbar.com/go?id=T15153926)
21. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p256](https://app.finbar.com/go?id=T15154051)
22. [CITIC SECURITIES CO-A — Full financial report (2024 Y), p27](https://app.finbar.com/go?id=P132306859)
23. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p367](https://app.finbar.com/go?id=T18272000)
24. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p285](https://app.finbar.com/go?id=P132286151)
25. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p285](https://app.finbar.com/go?id=P132286150)
26. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p285](https://app.finbar.com/go?id=P132286152)
27. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p285](https://app.finbar.com/go?id=P132286149)
28. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p285](https://app.finbar.com/go?id=P132286153)
29. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p38](https://app.finbar.com/go?id=T18271625)
30. [CITIC SECURITIES CO-A — Full financial report (2020 Y), p11](https://app.finbar.com/go?id=P132300944)
31. [CITIC SECURITIES CO-A — Full financial report (2020 Y), p11](https://app.finbar.com/go?id=P132300945)
32. [CITIC SECURITIES CO-A — Full financial report (2020 Y), p11](https://app.finbar.com/go?id=P132300947)
33. [CITIC SECURITIES CO-A — Full financial report (2020 Y), p12](https://app.finbar.com/go?id=P132300953)
34. [CITIC SECURITIES CO-A — Full financial report (2019 Y), p348](https://app.finbar.com/go?id=P132294401)
35. [CITIC SECURITIES CO-A — Full financial report (2020 Y), p12](https://app.finbar.com/go?id=P132300957)

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