• Mon
  • Sep 1, 2014
  • Updated: 7:55pm

Citic Securities

How did international banks miss Citic Pacific's US$36 billion takeover deal?

Jealous. This is the word many Western bankers in Hong Kong will use when they talk about the mega-sized reverse takeover deal of Citic, one of the most important state-owned industrial giants on the mainland.

Tuesday, 1 April, 2014, 8:45am 5 comments

China launches its biggest OTC board to aid SME financing

China has launched its biggest over-the-counter equity trading platform in Shenzhen, aimed at increasing access to finance for small and medium-sized enterprises and offering much looser listing requirements than the country’s main exchanges.

31 May 2013 - 1:00pm

Chinese broker lifts stake in asset firm

Citic Securities, the mainland's largest brokerage, plans to buy back a 10 per cent stake in mutual fund house China Asset Management, in a move to boost its sliding margins.

The company said it would spend up to two billion yuan (HK$2.53 billion) to buy the stake from Wuxi Guolian Development Group, raising its ownership of the asset management firm to 59 per cent.

23 May 2013 - 4:27am

Brokerage leader eyes new paths to profit

Citic Securities aims to expand into asset management and build its overseas business to boost profitability. The move comes in the face of a sharp slowdown in domestic stock offerings and lukewarm trading sentiment.

29 Mar 2013 - 4:16am

Former CLSA analyst writes quit-and-tell-all book

Daniel Tabbush, who for many years was CLSA's head of regional banking research, has published a why-I-quit-the-rat-race book. Titled Quit & Run - My Wake Up Call on Wall Street, the book describes how he got into the finance industry, his thoughts about his work and why he left.

28 Mar 2013 - 6:31am 2 comments

Hang Seng soars as mainland rally excites investors

Investors were also excited by the onshore market, which rallied for a third day after a mainland official said Taiwanese institutional investors might have an extra 100 billion yuan (HK$123 billion) added to their quota to invest in the mainland capital market under the qualified foreign institutional investor scheme.

31 Jan 2013 - 5:20am

Briefs, January 10, 2013

Unaudited net profit at Baoshan Iron & Steel, the country's largest listed steelmaker, rose about 40 per cent last year to 10.3 billion yuan (HK$12.8 billion), helped by the sale of some assets, the firm said. But operating profit before one-off items fell 33 per cent to 6.2 billion yuan.

10 Jan 2013 - 4:21am

Market Open:Hong Kong stocks seen higher as China manufacturing rises

Hong Kong stocks may open higher after data showed that manufacturing rose further in November month-on-month, adding another proof that the Chinese economy is bottoming out.

3 Dec 2012 - 9:22am

Tung Chee-hwa's faulty connection to the leadership

We had always assumed that former Hong Kong chief executive Tung Chee-hwa was pretty well plugged into what was going on in the upper echelons of the leadership in the mainland. But the recent changing of the guard and the new lin-up in Beijing would seem to indicate that is not actually the case.

17 Nov 2012 - 4:13am 1 comment

Citic seeks ¥10b for aggressive takeover fund

Mainland brokerages are expected to inject new life into the country's sluggish private-equity sector after the regulator waived rules to help them diversify their revenue sources.

16 Oct 2012 - 4:03am