CITIC Securities

A full-service investment bank in China is called CITIC Securities Co., Ltd. Underwriting, research, brokerage, asset management, wealth management, and investment advice are among the services it provides. The Guangdong Province city of Shenzhen serves as the headquarters for CITIC Securities, which was founded there in 1995.

In August 2015, it was revealed that CITIC Securities and London Stock Exchange Group Plc were in advanced negotiations for CITIC Securities to acquire Russell Investments, a US-based asset management company. Nevertheless, the conversations were put on hold because Chinese authorities were looking into a number of top CITIC Securities officials. Russell Investments was sold to TA Associates, a Boston-based private equity group, for US$1.15 billion in October, significantly less than the US$1.8 billion that CITIC Securities had offered. The transaction was disclosed by the London Stock Exchange.

CITIC Securities' market cap was $43.17 billion as of April 2023. By market cap, CITIC Securities is now the 392nd most valuable firm in the world. The most recent financial filings from CITIC Securities indicate that the company's current revenue (TTM) is $10.34 Billion. The corporation generated $11.69 billion in revenue in 2021, a rise from $7.82 billion in revenue in 2020.

Founded: 1995
Headquarters: CITIC Securities Tower, Shenzhen, China
Website: www.cs.ecitic.com