Citic Securities

China’s Trustar raises US$1 billion for vehicle that holds McDonald’s China stake: sources

McDonald’s China expressed satisfaction with Trustar’s increased investment, citing strong confidence in China’s economic growth and the firm’s potential.

Citic Securities' net profit for the three months to Sep 30 rose to 6.23 billion yuan (S$1.2 billion).

China’s Citic Securities Q3 profit rises 21.9%

CITIC Securities, China’s biggest brokerage, reported a 21.9 per cent rise in third-quarter profit on Tuesday (Oct 29), driven by growing investment gains.

Under the swap facility, Citic Securities can pledge bonds, stock ETFs and holdings in constituents of the CSI 300 Index when obtaining highly liquid assets such as treasury bonds and central bank bills.

Citic Securities is the first firm to tap China’s 500 billion yuan swap facility, media reports

CHINA’S Citic Securities has been given the nod to obtain 10 billion yuan (S$1.8 billion) in liquid assets from a new swap facility set up to aid the stock market, becoming the first firm do so, finan...

Citic Securities has developed from a small financial entity into China’s No 1 brokerage by assets, market value and revenue.

Which are China’s top five brokerages?

STATE-BACKED Guotai Junan Securities’ purchase of its rival Haitong Securities to create a sector leader is part of Beijing’s drive to consolidate the US$1.7-trillion industry amid challenging markets...

Net profit fell to 19.72 billion yuan (S$3.7 billion) last year, compared to 21.32 billion yuan in 2022, Citic Securities says.

China’s Citic Securities posts 7.5% fall in 2023 profit

CITIC Securities, China’s biggest brokerage, on Tuesday (Mar 26) reported a 7.49 per cent fall in its annual net profit, after shrinking investment returns and market turbulence.

Trading activity in some major exchange-traded funds in China has surged – pointing to potential buying by state institutions.

China’s biggest brokerage restricts short sales after stock rout

CHINA’s largest brokerage has suspended short selling for some clients in mainland markets amid a deepening rout in the nation’s stocks, said people familiar with the matter. 

Huarong Asset Management says it expects to fund the acquisition through the group’s own funds.

China Huarong Asset Management buys 5% stake in Citic

CHINA Huarong Asset Management said on Wednesday (Nov 15) it has agreed to buy a nearly 5 per cent stake in Citic from Citic Polaris for HK$13.63 billion (S$2.4 billion).

Net profit for the three months to September 30 fell to 5.11 billion yuan (S$954.4 million) from 5.37 billion yuan a year earlier.

China's Citic Securities Q3 profit falls 4.9% on lower fees, commissions

CITIC Securities, China’s biggest brokerage, on Monday (Oct 30) reported a 4.9 per cent fall in third-quarter profit as fees and commissions slid.