Description

The Investment Banking Business at CITIC Securities Co., Ltd. demonstrates a robust commitment to maintaining its leadership position in the financial sector. With a strategic focus on brokerage, equity underwriting, debt underwriting, investment banking, and fund management, the company has successfully navigated challenging market conditions. Key initiatives include enhancing corporate policies, fostering internal collaboration, and building a comprehensive information platform. The firm has optimized its operations by reducing proprietary trading and tightening underwriting deal approvals. Furthermore, CITIC Securities has expanded its international presence through investments in CITIC Securities International Co., Ltd. and partnerships with global financial institutions. The establishment of CITIC Industrial Investment Fund Management Co., Ltd. and the launch of the Mianyang Industrial Investment Fund mark significant strides towards strengthening its buy-side business. In 2008, CITIC Securities reported a net profit of RMB7.305 billion, reflecting a strategic increase in industry share from 9% to approximately 15%, despite a year-on-year decline of 40% in profits.

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