CITIC Securities and CITIC Jiantou are both securities companies of CITIC Department.
CITIC Securities is the first publicly listed securities company in China, and its asset scale, total profit, net capital and net assets have always been among the best in the securities industry.
CITIC Jiantou was formerly known as Huaxia Securities. At the beginning of the 20th century (200 1~2005), the bursting of the US technology stock bubble triggered a global bear market, and the brokerage industry in China suffered large-scale losses, which led to a major reshuffle. Many small and medium-sized brokers have lost money, closed down, or been acquired and reorganized. It was during this period that in 2005, the troubled Huaxia Securities was jointly acquired by CITIC Securities and Jianxin Investment and renamed CITIC.
At the beginning of the acquisition and reorganization, CITIC Jiantou was 60% owned by CITIC Securities, that is, it had the controlling stake in CITIC Jiantou. Later, subject to the one-participation-one-control policy of the CSRC, CITIC Securities transferred part of its equity and gave up its actual controlling interest.
What is the policy of one participation and one control? On April 23rd, 2008, the State Council officially promulgated the Regulation on the Supervision and Administration of Securities Companies. In order to avoid related transactions and horizontal competition between securities companies owned by the same shareholder, the CSRC has put forward the policy requirement of "one participation and one control" for the securities industry: no more than two securities companies are controlled by one institution or multiple institutions controlled by the same actual controller, and no more than one securities company is controlled.
Citic Securities was established in 1995 and 10, and was listed on the Shanghai Stock Exchange in 2003 and on the Hong Kong Stock Exchange in 201year. It is the first domestic securities company with A+H shares listed. The largest shareholder of CITIC Securities is China CITIC Co., Ltd., with a shareholding ratio of 65,438+06.68%.
The business scope of CITIC Securities covers securities, funds, futures, direct investment, industrial funds and commodities. Through comprehensive operation with full license, it supports the development of the real economy in all directions and provides various financial service solutions for more than 75,000 corporate customers and more than100000 individual customers at home and abroad. At present, it has seven major tier-one subsidiaries, with branches all over the world 13 countries and more than 400 domestic branches. Major subsidiaries such as Huaxia Fund, CITIC Futures and Jinshi Investment all maintain leading positions in their respective industries.
CITIC Securities has achieved an accumulated operating income of 468.4 billion yuan, a net profit of 654.38+058 billion yuan, and accumulated dividends of 56.2 billion yuan to shareholders. CITIC Securities' revenue and net profit have been in the forefront of the industry for more than ten years. The scale advantages of net capital, net assets and total assets are significant; Various businesses have always maintained a leading position in the market and accumulated a wide reputation and brand advantages in the domestic market. Over the years, he has won various awards from Asian currency, Financial Times, Forbes, Shanghai and Shenzhen Stock Exchanges and other domestic and foreign institutions.
Citic Securities, with the vision of "becoming the most reliable domestic leading and world-class investment bank in China", practices the national strategy, serves the real economy and creates greater value for the society.