CITIC Securities and CITIC Bank are both subsidiaries of China CITIC Group Co., Ltd. and members of the same group. Citic Securities, founded in 1995, is one of the leading securities companies in China, providing financial services such as stocks, bonds and funds. It was listed on the Shanghai Stock Exchange in 2003. Founded in 1987, CITIC Bank is one of the leading commercial banks in China, providing financial services such as deposits, loans, wealth management and credit cards to individual and corporate customers. It was listed on the Shanghai Stock Exchange on April 27th, 2007. Both of them are affiliated to China CITIC Group Co., Ltd., and they are independent companies, operating independently and taking risks and responsibilities independently. CITIC Securities and CITIC Bank can be regarded as brother companies.