# CITIC SECURITIES CO-A

Summary updated: 2026-10-02T09:00:52.700632Z
Canonical: https://finbar.com/research/companies/citic-securities-co-a

## Overview

CITIC Securities Co., Ltd. is a China-based securities and financial-services group. Its businesses include investment banking and financing, securities and futures brokerage, asset and fund management, investment and financial advisory, institutional brokerage, trading and market-making, alternative investment, custody and research. It serves corporate, institutional, high-net-worth and retail clients in China and overseas, with a reported presence in 13 countries and more than 400 domestic branches and outlets. [1](https://app.finbar.com/go?id=P132284072)[2](https://www.citics.com/newsite/en/aboutUs/index/)[3](https://www.citics.com/newsite/en/aboutUs/globalDistribution/)

Founded in 1995, the company states its mission as enhancing the functioning of capital markets and serving high-quality economic development. [4](https://www.citics.com/newsite/en/investorRelations/faq/)[5](https://app.finbar.com/go?id=P157903584) For scale, it reported 2025 operating revenue of RMB 74.854 billion and 26,823 employees at year-end; revenue for the six months ended 30 June 2026 was RMB 49.692 billion. [6](https://app.finbar.com/go?id=P157903577)[7](https://app.finbar.com/go?id=T18271657)[8](https://app.finbar.com/go?id=T18271277)
[1](https://app.finbar.com/go?id=P132284072)[2](https://www.citics.com/newsite/en/aboutUs/index/)[3](https://www.citics.com/newsite/en/aboutUs/globalDistribution/)[4](https://www.citics.com/newsite/en/investorRelations/faq/)[5](https://app.finbar.com/go?id=P157903584)[6](https://app.finbar.com/go?id=P157903577)[7](https://app.finbar.com/go?id=T18271657)[8](https://app.finbar.com/go?id=T18271277)[2](https://www.citics.com/newsite/en/aboutUs/index/)[3](https://www.citics.com/newsite/en/aboutUs/globalDistribution/)[4](https://www.citics.com/newsite/en/investorRelations/faq/)

## Products & services

CITIC Securities’ wealth-management offerings include brokerage and trading, investment management, asset allocation and succession planning. Its Hong Kong platform offers securities and futures brokerage and multi-market allocation, including funds, trusts, bonds and structured investment products. The company also reports more than RMB800 billion in financial-product assets under management. [9](https://app.finbar.com/go?id=P132283899)[10](https://www.citics.com/newsite/en/ourBusiness/wealthManage/)[11](https://www.citics.com.hk/en/securities-service.php)

Its investment-banking services include equity and bond financing and underwriting, sponsorship, and M&A advisory. Asset-management offerings cover cash and liquidity, fixed income, equities, multi-asset and derivatives strategies, as well as alternative, passive and cross-border products; the company reports more than RMB1 trillion in pension investment-management scale. [12](https://app.finbar.com/go?id=P132283898)[9](https://app.finbar.com/go?id=P132283899)[13](https://www.citics.com/newsite/en/companyWebsite/investmentBankin/)[14](https://www.citics.com/newsite/en/companyWebsite/assetManagement/)

Other concrete offerings include FICC sales, trading, investment advisory and product development across rates, credit and foreign exchange; OTC options, cross-border total-return swaps and equity-linked notes; and institutional trading services such as block trades, algorithmic trading and market monitoring. Its futures services include futures/cash and overseas derivatives brokerage, risk management and research consulting. [15](https://www.citics.com/newsite/en/ourBusiness/ficcBusiness/)[16](https://www.citics.com/newsite/en/ourBusiness/InternetIntro/)[17](https://www.citics.com/newsite/en/ourBusiness/salesBusiness/)
[9](https://app.finbar.com/go?id=P132283899)[12](https://app.finbar.com/go?id=P132283898)[10](https://www.citics.com/newsite/en/ourBusiness/wealthManage/)[11](https://www.citics.com.hk/en/securities-service.php)[13](https://www.citics.com/newsite/en/companyWebsite/investmentBankin/)[14](https://www.citics.com/newsite/en/companyWebsite/assetManagement/)[15](https://www.citics.com/newsite/en/ourBusiness/ficcBusiness/)[16](https://www.citics.com/newsite/en/ourBusiness/InternetIntro/)[17](https://www.citics.com/newsite/en/ourBusiness/salesBusiness/)[10](https://www.citics.com/newsite/en/ourBusiness/wealthManage/)[11](https://www.citics.com.hk/en/securities-service.php)[13](https://www.citics.com/newsite/en/companyWebsite/investmentBankin/)[14](https://www.citics.com/newsite/en/companyWebsite/assetManagement/)[15](https://www.citics.com/newsite/en/ourBusiness/ficcBusiness/)[16](https://www.citics.com/newsite/en/ourBusiness/InternetIntro/)[17](https://www.citics.com/newsite/en/ourBusiness/salesBusiness/)

## Geographic presence

CITIC Securities’ domestic footprint spans major cities across mainland China, including Beijing, Shanghai, Shenzhen, Wuhan, Nanjing, Hangzhou, Chengdu, Xi’an and others. Its official materials list overseas offices in Hong Kong, Singapore, London and New York; the company profile also describes a network of more than 400 branches and outlets in China. [18](https://app.finbar.com/go?id=T18252133)[3](https://www.citics.com/newsite/en/aboutUs/globalDistribution/)[19](https://www.citics.com/newsite/AboutUs/layout/index.html)

International activity includes substantial Hong Kong capital-markets business. In 2025, Hong Kong transactions accounted for US$7.549 billion of the company’s US$7.911 billion in overseas equity underwriting; it also reported equity financings in Indonesia, Malaysia, India and Australia. These figures describe transaction and underwriting activity, not revenue by geography. The geographic revenue split and regional employee distribution are not disclosed in the cited materials. [20](https://app.finbar.com/go?id=P132284112)[21](https://app.finbar.com/go?id=T18252177)
[18](https://app.finbar.com/go?id=T18252133)[20](https://app.finbar.com/go?id=P132284112)[21](https://app.finbar.com/go?id=T18252177)[3](https://www.citics.com/newsite/en/aboutUs/globalDistribution/)[19](https://www.citics.com/newsite/AboutUs/layout/index.html)

## Business segments

CITIC Securities reports five operating segments. Based on FY2025 segment revenue and other income, their approximate contributions were: Investment banking, 6.0% (securities underwriting and financial advisory); Brokerage, 31.3% (securities and futures brokerage and agency sales of financial products); Trading, 42.9% (securities and derivatives trading and market-making, securities finance, and alternative investment); Asset management, 13.8% (asset-management plans, fund management, and investment-account management); and Others, 6.0% (including private-equity and principal investment and other financial activities). [22](https://app.finbar.com/go?id=T15151504)[23](https://app.finbar.com/go?id=P132286147)[24](https://app.finbar.com/go?id=P132286148)[25](https://app.finbar.com/go?id=P132286149)[26](https://app.finbar.com/go?id=P132286150)[27](https://app.finbar.com/go?id=P132286151)[28](https://app.finbar.com/go?id=P132286152)

The company also describes broader business lines—including wealth management, institutional stock brokerage, financial markets, investment, custody and research—in its business overview. These are not the same as the five reportable segments and do not have separate contribution percentages in that segment breakdown. [29](https://app.finbar.com/go?id=P132286153)[1](https://app.finbar.com/go?id=P132284072)
[22](https://app.finbar.com/go?id=T15151504)[23](https://app.finbar.com/go?id=P132286147)[24](https://app.finbar.com/go?id=P132286148)[25](https://app.finbar.com/go?id=P132286149)[26](https://app.finbar.com/go?id=P132286150)[27](https://app.finbar.com/go?id=P132286151)[28](https://app.finbar.com/go?id=P132286152)[29](https://app.finbar.com/go?id=P132286153)[1](https://app.finbar.com/go?id=P132284072)[30](https://statics.citics.com/website/report/2025/web_en/index.html)[31](https://statics.citics.com/website/report/2025/web_en/report.pdf)

## Company history

CITIC Securities was founded in Beijing on 25 October 1995, with CITIC Group as its majority shareholder. It was reorganized as a joint-stock company under its current name in 1999, and moved its registered address to Shenzhen in 2000. [32](https://app.finbar.com/go?id=P132283942)[33](https://app.finbar.com/go?id=P132283931)

The company completed its A-share IPO in 2002 and listed on the Shanghai Stock Exchange in January 2003. It listed H shares in Hong Kong in 2011, becoming the first Chinese securities firm listed on both mainland and Hong Kong exchanges. [32](https://app.finbar.com/go?id=P132283942)[34](https://app.finbar.com/go?id=P132283944) In 2013, it acquired CLSA; in March 2020, it completed the acquisition of Guangzhou Securities, which became CITIC Securities South China. [35](https://www.citics.com/newsite/en/index/)[36](https://statics.citics.com/website/report/2025/web_en/pdf/company-information.pdf)

In August 2023, CITIC Financial Holdings became the company’s largest shareholder after receiving share transfers from CITIC Corporation Limited and CITIC Limited. [34](https://app.finbar.com/go?id=P132283944) In September 2026, Zou Yingguang was elected chairman following Zhang Youjun’s departure. [37](https://www.citics.com/newsite/tzzgx/ggyth/gg/aggg/202609/P020260928642054511316.pdf)
[32](https://app.finbar.com/go?id=P132283942)[33](https://app.finbar.com/go?id=P132283931)[34](https://app.finbar.com/go?id=P132283944)[35](https://www.citics.com/newsite/en/index/)[36](https://statics.citics.com/website/report/2025/web_en/pdf/company-information.pdf)[37](https://www.citics.com/newsite/tzzgx/ggyth/gg/aggg/202609/P020260928642054511316.pdf)[35](https://www.citics.com/newsite/en/index/)[36](https://statics.citics.com/website/report/2025/web_en/pdf/company-information.pdf)[37](https://www.citics.com/newsite/tzzgx/ggyth/gg/aggg/202609/P020260928642054511316.pdf)

## Sources

1. [CITIC SECURITIES CO-A — Full financial report (2025 Y), p27](https://app.finbar.com/go?id=P132284072)
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3. [www.citics.com](https://www.citics.com/newsite/en/aboutUs/globalDistribution/)
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35. [www.citics.com](https://www.citics.com/newsite/en/index/)
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37. [www.citics.com](https://www.citics.com/newsite/tzzgx/ggyth/gg/aggg/202609/P020260928642054511316.pdf)

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