TOPIC

/ company

Citic

Citic is China's largest state-run conglomerate, with a primary focus in financial services, but also property development, heavy industry and metals and mining. It owns Citic Securities, the country's largest securities company, and China Citic Bank, a second-tier lender. It also owns the Sino Iron mine in Australia's Pilbara region, which is the largest magnetite iron-ore mine in the world.

CFO / Finance Director

Chang Zhenming (Chairman)

Industry

Investment company

Website

citic.com

Headquarters address

Hong Kong

Stock Code

SEHK:0267

Year founded

1979

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The CSRC is tightening listing rules for some firms seeking listings in Hong Kong. Photo: Jelly Tse

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Citic Securities claims top spot in Asia-Pacific investment banking for 2025

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6 Jan 2026 - 8:56PM

Citic claimed the crown as the top bookrunner for Asia-Pacific-issued bonds with 6 per cent market share. Photo: Shutterstock Images

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China Citic Bank International invests in new private banking centre as cross-border wealth customers triple, Wendy Yuen says.

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Banking & finance

What AI means for young bankers: fewer entry roles, but faster career paths

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29 Oct 2025 - 9:30AM

Rather than eliminating entry-level roles, AI could act as a catalyst for faster career progression. Photo: Reuters

Banking & finance

Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms

As hedge funds and long-only investors pour into listings, bank’s Hong Kong unit expands to meet demand, head of investment banking says.

22 Oct 2025 - 8:35AM

Frank Yu, the head of Citic Securities International’s investment banking. Photo: Handout

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HSBC, Standard Chartered complete first yuan repo under new scheme

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A farmer checks newly harvested soybeans in central China’s Henan province. China’s actions in Angola highlight its strategic shift towards Africa for food security, especially given recent trade tensions with the United States. Photo: Xinhua

Robotics

China robotics firm Unitree eyes IPO filing this year

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A humanoid robot from Unitree Robotics. Photo: AFP

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A resilient domestic economy and US debt fears could see the Chinese currency appreciate further, analysts say.

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Apple supplier Lens Tech leads city’s new IPO filings with US$608 million deal

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Chinese smartphone maker Honor moves closer to onshore share listing

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23 Jun 2025 - 3:54PMvideocam

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With Hong Kong’s stablecoin law, mainland firms are preparing for a market boom

The brokerage expects the new stablecoin law to lead to more real-world asset tokenisation projects from mainland firms in the city.

3 Jun 2025 - 10:50PM

Banking & finance

‘A bit lost’: China’s savers search for options after deposit rate cuts

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23 May 2025 - 11:10AM

Households across China are grappling with a pressing question of where to park their money. Photo: Getty Images

International Property

Citic enlarges Saudi Arabia footprint with 3,500-flat Riyadh project

The project, also called Khuzam Hills, comprises several phases, the first of which is scheduled for delivery in 2026, according to the website of Citic’s partner Rafal.

19 Nov 2024 - 1:56PM

The exhibition booth of the Saudi National Housing Corporation at the Cityscape Global expo in Riyadh, Saudi Arabia on November 11, 2024. Photo: Instagram/saudinhc

Banking & finance

Distressed asset manager China Huarong buys US$1.7 billion stake in Citic

The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.

16 Nov 2023 - 4:53PM

Swire Group

Swire snaps up Wan Chai parcel for HK$1.96 billion, beating 20 rivals

Swire beat out rivals such as CK Asset Holdings, Kerry Properties and Citic Pacific for land that could fetch HK$33,000 per square foot when construction is completed.

22 Jun 2022 - 8:00AM

Fame and celebrity

Drugs, disgrace and the mysterious death of a Chinese media mogul

Li Bolun was one of the most powerful figures in the Chinese entertainment industry. His precipitous fall from favour has left a legacy of legal wrangling over the ownership of a Canadian Chinese media company.

5 Oct 2020 - 4:41PMvideocam

Former president and chairman of Citic Culture and Media, Li Bolun. Photo: Sina

Hong Kong property

Citic Pacific wins Tai Hang luxury residential site for HK$3.2 billion

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday.

18 Dec 2019 - 11:58PMvideocam

The plot is currently occupied by former civil servants’ quarters. Photo: May Tse

Dah Chong Hong

Citic Pacific makes offer to take Dah Chong Hong private

DCH’s business has been challenged by intense competition and diversified landscape.

21 Oct 2019 - 10:29PM

Banking & finance

Banks implement staff contingency plans as protests rage

Banks say they’re focused on the safety of their employees and still being able to provide services to customers as protests in Hong Kong continue

13 Oct 2019 - 10:47PMvideocam

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Citic

America First Fed? Trump pick Warsh signals ‘monetary sovereignty’: analysts

Potential successor to Jerome Powell may pursue policies that pressure US dollar-driven assets and curb global liquidity, analysts say.

Alibaba cloud growth forecast to climb with AI push, higher charges: analysts

Mainland China and Hong Kong IPOs drive Citic to the top of banking fee rankings

China’s tightened IPO rules for some ‘red chips’ in Hong Kong raise concerns

The CSRC asks some Hong Kong listing candidates to change their red-chip structure and issue H shares.

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.

.css-1pcrwvc{color:#2aa191;}Opinion | From tea to TikTok: the middleman’s return is reshaping China trade

The old Canton system is re-emerging in a new guise as the likes of TikTok and Starbucks look to middlemen to navigate a divided global economy.

Citic Securities claims top spot in Asia-Pacific investment banking for 2025

Chinese rivals fill out the rest of the top five, while US bank Morgan Stanley comes in sixth.

China’s Unitree Robotics completes pre-IPO tutoring for onshore listing

The unicorn is reportedly aiming for a valuation of up to US$7 billion in a listing on Shanghai’s Nasdaq-style Star Market.

.css-19im5qg{color:#c79a00;}Exclusive | China’s wealthy flock to Hong Kong for global investments, banker says

China Citic Bank International invests in new private banking centre as cross-border wealth customers triple, Wendy Yuen says.

What AI means for young bankers: fewer entry roles, but faster career paths

AI might be trimming entry roles, but recruiters say graduates with the right mix of technical and soft skills are still in demand.

Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms

As hedge funds and long-only investors pour into listings, bank’s Hong Kong unit expands to meet demand, head of investment banking says.

HSBC, Standard Chartered complete first yuan repo under new scheme

Under the scheme, all overseas institutional investors in the onshore bond market can remit yuan obtained for offshore use.

China narrows AI development gap with US, but still lags in advanced chips: CLSA

The China-US AI gap narrows to around three months from more than a year previously, CLSA’s head of technology research says.

China investing US$350 million in Angola in drive to boost food security

The deals to grow corn and soybeans involving major state-owned firms come as Beijing seeks to reduce reliance on US agricultural supplies.

China robotics firm Unitree eyes IPO filing this year

The company is on track to become the first humanoid robot maker to list on a mainland bourse.

Why China’s yuan is forecast to keep strengthening against the US dollar

A resilient domestic economy and US debt fears could see the Chinese currency appreciate further, analysts say.

Apple supplier Lens Tech leads city’s new IPO filings with US$608 million deal

Company sets aside 11 per cent of base offering to local investors; upsize and overallotment options could swell total proceeds to HK$6.3 billion.

Chinese smartphone maker Honor moves closer to onshore share listing

Mainland market’s fourth-largest smartphone maker first announced plans to list A shares in November 2023.

Global economy jitters grow after Trump’s Iran strikes, Strait of Hormuz fears

Escalating Israel-Iran conflict could disrupt oil trade and shake markets, analysts say.

With Hong Kong’s stablecoin law, mainland firms are preparing for a market boom

The brokerage expects the new stablecoin law to lead to more real-world asset tokenisation projects from mainland firms in the city.

‘A bit lost’: China’s savers search for options after deposit rate cuts

With deposit yields dropping below 1 per cent at major banks for the first time, Chinese households are on the hunt for alternatives.

Citic enlarges Saudi Arabia footprint with 3,500-flat Riyadh project

The project, also called Khuzam Hills, comprises several phases, the first of which is scheduled for delivery in 2026, according to the website of Citic’s partner Rafal.

Distressed asset manager China Huarong buys US$1.7 billion stake in Citic

The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.

Swire snaps up Wan Chai parcel for HK$1.96 billion, beating 20 rivals

Swire beat out rivals such as CK Asset Holdings, Kerry Properties and Citic Pacific for land that could fetch HK$33,000 per square foot when construction is completed.

Drugs, disgrace and the mysterious death of a Chinese media mogul

Li Bolun was one of the most powerful figures in the Chinese entertainment industry. His precipitous fall from favour has left a legacy of legal wrangling over the ownership of a Canadian Chinese media company.

Citic Pacific wins Tai Hang luxury residential site for HK$3.2 billion

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday.

Citic Pacific makes offer to take Dah Chong Hong private

DCH’s business has been challenged by intense competition and diversified landscape.

Banks implement staff contingency plans as protests rage

Banks say they’re focused on the safety of their employees and still being able to provide services to customers as protests in Hong Kong continue

Opinion | From tea to TikTok: the middleman’s return is reshaping China trade

Exclusive | China’s wealthy flock to Hong Kong for global investments, banker says