“Market Cap $19.01 B As of May 2014
At a Glance
- Industry: Investment Services
- Founded: 2005
- Country: China
- CEO: Dongming Wang
- Website: www.citics.com.hk
- Employees: 12,211
- Sales: $2.65 B
- Headquarters: Shenzhen
#732 Global 2000
- #722 in Profit
- #533 in Assets
- #582 in Market value
Asia’s Fab 50 Companies
CITIC Securities Co. Ltd. engages in the provision of financial products and services. The company operates through five business segments: Investment Banking, Brokerage, Trading, Asset Management and Others. The Investment Banking segment includes placing and underwriting services and financial advisory services. The Brokerage segment involves in securities and futures dealing and broking and the agency sale of financial products. The Trading segment engages in trading and market-making of equities, fixed income products and derivatives, margin financing and securities lending activities, and alternative investment business. The Asset Management segment provides management services to PE funds, pension funds, annuity plans and other asset management accounts. The Others segment engages in private equity investments, principal investments, and other businesses. CITIC Securities was founded on October 25, 1995 and is headquartered in Shenzhen, China.“
“Citic Securities History
CITIC Securities International Company Limited and its group companies (“the Group”) have a track record of more than 20 years in Hong Kong. CITIC Securities Co., Ltd. acquired the controlling stake of the Group in 2006.
Prior to the Group’s incorporation under the brand of CITIC Securities , the member of the Group operated as related entities of CITIC Ka Wah Bank and then CITIC Capital Holdings Limited. The structure of the Group evolved over the years, with the aim of better positioning itself as an independent business separate from the commercial banking and capital-intensive alternative investment businesses.
July 2013 – CITIC Securities Company Limited (“CITICS”) and Crédit Agricole Corporate and Investment Bank (“Crédit Agricole CIB”) are pleased to jointly announce the completion of the sale and purchase of the remaining 80.1% interest in CLSA. With the 19.9% interest acquired previously, CLSA becomes a wholly owned subsidiary of CITIC Securities International and will spearhead its global, ex-China, sell side agency businesses.
CITICS becomes the first China based brokerage and investment banking firm to provide client services with a global reach spanning across major global markets including Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand, the United Kingdom and the United States through the network of offices of CLSA, in addition to CITICS’ own existing network of 196 outlets in China and Hong Kong.
October 2011 – CITIC Securities International Company Limited (“CSI”) acted as the Sole Global Coordinator, Joint Sponsor and Joint Bookrunner in CITIC Securities’ HK$13.24 Billion H share IPO on the Main Board of the Stock Exchange of Hong Kong (Stock code: 6030)
CITIC Securities, a listed company on the Shanghai Stock Exchange (Stock code: 600030), is the leading investment bank in China with full-service platform of investment banking, sales, trading and brokerage, asset management and investment. In 2010, CITICS ranked No. 1 in China in its investment banking business as measured by the total amount of equity and debt underwritten, No.1 in its sales, trading and brokerage business as measured by equity and fixed income trading turnover and No.1 in its asset management business as measured by AUM.
As the first full-service Chinese investment bank listed on the Stock Exchange of Hong Kong, CITIC Securities” H-Share IPO is a milestone transaction in the Hong Kong capital markets.
April 2011 – CSI blazing a new trail in RMB-denominated products, as the Sole Financial Advisor, Joint Lead Underwriter and Joint Listing Agent for the first RMB-denominated IPO outside of Mainland China and the first RMB-denominated REIT in the world
CITIC Securities International is the Sole Financial Advisor, Joint Lead Underwriter and Joint Listing Agent to manage the first renminbi-denominated initial public offering in Hong Kong in the form of REIT for Hui Xian Real Estate Investment Trust (“Hui Xian REIT”). Hui Xian REIT has been successfully listed on the Hong Kong Stock Exchange on April 29, 2011.
CITIC Securities International was again introducing an all-new product, allowing investors an opportunity to go into a completely untapped market. The Hui Xian REIT offering not only opened a new chapter for Hong Kong as the up-and-coming offshore RMB centre in the world, it also presented investors especially retail investors in Hong Kong, with a unique opportunity to reap returns from one of the largest and the most iconic commercial property located in the heart of Beijing.
May 2010 – CITIC Securities and Crédit Agricole Corporate & Investment Bank (CA-CIB) announced that they have entered into exclusive negotiations to explore the combination of their respective leaderships in global equity brokerage and investment banking businesses following the signing of a memorandum of understanding (MOU) today. Areas covered by the business combination include global equity, cash as well as client driven derivatives, and investment banking businesses in China and Asia Pacific region, offering financial advisory and equity market (ECM) services.
The signing of the MOU reflects that both firms share the same strategic intents. By leveraging on their combined strengths, the two firms have common ambition and vision to create a leading China and Asia-Pacific focused broker and investment bank in order to capture growing capital market opportunities in Asian markets, especially in the Greater China region.
November 2009 – CITIC Securities International acted as Joint Global Coordinator, Joint Bookrunner and Joint Sponsor to Fantasia Holdings Group Co., Limited US$410 Million IPO on the HKSE
Fantasia Holdings Group Co., Limited (“Fantasia”, stock code 1777) raised US$410 million from an IPO (before exercise of the over-allotment option), with CITIC Securities International Company Limited (“CSI”) acting as joint global coordinator, joint bookrunner and joint sponsor in the global offering. Fantasia’s shares will commence trading on the Hong Kong Stock Exchange on 25 November, 2009. This deal marked CSI’s first sponsored IPO for a PRC property company. Fantasia will be the third successfully IPO by CSI in 2009, following China Zhongwong Holdings Limited and Metallurgical Corporation of China Ltd earlier this year.
September 2009 – Metallurgical Corporation of China Ltd. (“MCC”, stock code 1618) raises a combined US$5.13 billion from a dual A-then-H share IPO, with CITIC Securities International Company Limited (“CSI”) acting as a joint bookrunner, joint sponsor and joint lead manager in the global offering and CITIC Securities Co., Ltd. acting as the sole sponsor in the A share offering.
MCC’s H-shares commence trading on 24 September 2009 while its A-shares started trading on 21 September 2009. This deal marked CSI’s third dual listing project following the IPO of China CITIC Bank and China Railway Construction Corporation in 2007 and 2008, respectively. The transaction once again demonstrates our unmatched capabilities in facilitating A plus H shares listing.
MCC’s offering has made the world’s second largest IPO and the largest Hong Kong IPO as of today this year, followed by China Zhongwang (being the second largest Hong Kong IPO in 2009 as of today) which is also sponsored by CSI.
August 2009 – CITIC Securities International Investment Management (HK) Limited, (“CSIIM”), the asset management arm of CITIC Securities International Company Limited, signed a license agreement with The Shenzhen Securities Information Company Limited which allows CSIIM to develop products relating to the Shenzhen Stock Exchange SME Board Price Index, thus paving the way for CSIIM to launch related exchange traded funds and corresponding structured products.
June 2009 – CITIC Securities International Investment Management (CSIIM), the asset management arm of CSI, got the approval from the Hong Kong Securities and Futures Commission to launch retail fund products for the first time. CSIIM received formal authorization from the Hong Kong Securities and Futures Commission for the CSI Alpha Fund Series and the CSI China-Hong Kong Leaders Fund, which will be the first sub-fund in this series. This is a major milestone for our asset management business as this is our first retail product offered to Hong Kong investors.
May 2009 – In the IPO of the China Zhongwang Holdings Limited, which was listed on the HKEx on May 8, the Company acted as the joint sponsor, joint global coordinator, and joint bookrunner. The listing is considered the world’s largest initial public offering of this year.
March 2009 – CITIC Securities International Company Limited announced the inauguration of CITIC Securities International Partners, Ltd. (“CSIP”), a platform focusing on cross-border M&A advisory and investment management, sourcing and effecting transactions that initially will involve China. Through a strategic cooperation with Evercore Partners Inc. (NYSE: EVR), CSIP will add unparalleled capabilities in originating and executing cross-border M&A transactions to CITIC Securities International.
February 2009 – CITIC Securities International Company Limited and GFI Group Inc. (NASDAQ: GFIG), today announced they have signed a memorandum of understanding to provide access to China for major U.S. institutional investors. Octagon, a division of GFI, was recently formed to spearhead its expansion into the Asian equity markets.
December 2008 – On December 22, the Wanchai Branch was relocated. The new interior design concept of the Branch showcased the flagship branch of CITIC Securities International.
November 2008 – On November 11, CITIC Securities International Company Limited announced the appointment of a Non-Executive Director.
September 2008 – On September 1, CITIC Securities International Yuen Long Branch was relocated to better serve customers in the New Territories.
In the same month, CITIC Securities International Company Limited once again served as a joint lead manager (institutional tranche) and lead arranger (retail tranche) of the second offer of Renminbi (RMB) bonds of the Export and Import Bank of China in Hong Kong.
August 2008 – CITIC Securities International Investment Management (HK) Limited obtained a SFC license to conduct the regulated activities of investment advisory and asset management. The Company has a 55% stake in CITIC Securities International Investment Management (HK) Limited.
June 2008 – CITIC Securities Co., Ltd. completed the acquisition of the remaining interest of 11.61% in CITIC Securities International Company Limited from CITIC Capital Holdings Limited and increase the capital of CITIC Securities International Company Limited, which became a wholly-owned subsidiary of CITIC Securities Co., Ltd.
March 2008 – In the IPO of the China Railway Construction Corporation Limited, which was listed on the HKEx on March 13, the Company acted as the joint sponsor, joint global coordinator, joint bookrunner and joint lead manager.
September 2007 – On September 11, the Company became the first Hong Kong securities firm to underwrite and arrange Renminbi (RMB) denominated bonds in the market.
July 2007 – On July 4, the Company signed a HK$700 million syndicated revolving credit facility. This was the largest syndicated credit facility ever obtained by a securities company in Hong Kong.
May 2007 – On May 8, CITIC Securities International Company Limited announced the record-breaking listing of China CITIC Bank, for which the Company acted as the joint lead manager and joint sponsor for the international offering. This marked the Company’s first international offering under the new corporate identity.
April 2007 – The Company’s shareholding structure was altered, with CITIC Securities Co., Ltd. holding a 88.39% stake and CITIC Capital Holdings Limited holding a 11.61% stake.
March 2007 – On March 30, the Company was renamed to CITIC Securities International Company Limited.
July 2006 – On July 18, CITIC Securities (HK) Company Limited began its integrated cross-border equity business.
May 2006 – CITIC Securities Co., Ltd. acquired the equity business of CITIC Capital Holdings Limited and incorporated it to CITIC Securities (HK) Company Limited.
The inauguration of CITIC Securities (HK) Company Limited took place on May 29, with CITIC Securities Co., Ltd. holding an 80% stake and CITIC Capital Holdings taking a 20% stake.
September 2005 – On September 28, the Company was renamed as CITIC Securities (HK) Company Limited.
March 2004 – The Company served as the sole sponsor and bookrunner for the HKD 1.328 billion initial public offering of Weichai Power Co., Ltd. The deal was one of the biggest deals of the year, and the stock was one of the best performing IPO stocks of 2004.
April 1998 – CITIC Securities International Company Limited was incorporated in Hong Kong.”
*Information from Forbes.com and Citics.com.hk
**Video published on YouTube by “VRHK2013“