listed companies need services such as investment banking, capital operation, non-investment banking business and so on.

1. What are investment banks and capital operation?

CITIC has the strongest investment banking team in the whole market, and there are more than 1 investment bankers in Shanghai alone, who are competent for any investment banking and capital operation tasks. Such as refinancing after listing, asset merger and acquisition, etc. For example, the recent merger of Baosteel and Wuhan Iron and Steel Co., Ltd. and the previous capital injection of Feng Fan Company are all cases where capital operation is difficult. CITIC's bond and asset securitization businesses have always been ahead of the market. We can help enterprises to issue corporate bonds, convertible bonds and exchangeable bonds at lower interest rates, such as asset securitization of income accounts. On the industry m&; As far as fund A is concerned, CITIC has strong advantages in capital and resources. CITIC Securities can directly participate in the listed company's industry M&; A fund. On the CITIC platform, there are investment companies such as CITIC Jinshi and CITIC Capital, and the largest new third board service department in the whole market. We have participated in many local government industrial funds in the form of LP or investment. With sufficient project reserves, it can provide investment services such as acquisition target or full adjustment for listed companies. Combined with CITIC Investment Bank, after the project is mature, it can provide a variety of asset securitization services such as being acquired by listed companies (itself or other listed companies) and the listing and withdrawal of the New Third Board.

second, what are the businesses of non-investment banking companies?

1. Market value management. It has CITIC, the largest asset management team among securities firms, with assets under management reaching 2 trillion yuan. The earliest market value managers, such as the earliest 615CSSC more than ten years ago, were all made by CITIC Securities. Now that there is a more flexible market value management business, individual shareholders can entrust CITIC to manage their own stocks and obtain excess returns. Similarly, the shareholders of the company can do the same if they have a reduction plan (otherwise, there will be tax or announcement problems caused by equity transfer. ) .2. Our peers are rich in resources and have cooperated with many banks, trusts and asset management companies. Suggestions and introductions that can provide banking financial services for listed companies.

in a word, it serves the financing needs of the company's equity incentive objects and provides financing for them to complete the exercise of stock incentive options. It alleviates the worry that the incentive object lacks exercise funds, which is helpful to improve the actual incentive effect of the incentive scheme.