JPCITSE@EC2602A(29174.HK)

CITIC Securities' Subsidiary Gets 670 Million Yuan in Guarantee for Bond Issuance

CITIC Securities' Subsidiary Gets 670 Million Yuan in Guarantee for Bond Issuance

Securities firms "crossing borders" to break through, insurance agency sales enter the second half

Securities firms are gradually emerging in the insurance agency field. With the China Securities Association promoting securities firms to obtain insurance sales licenses, the proportion of insurance products in securities sales is gradually increasing. Several leading securities firms, such as CITIC Securities Co., Ltd. and CMS, have launched insurance sections on their apps, demonstrating their efforts in the transformation of wealth management business. Although the number of licensed securities firms has not increased, insurance sales still face performance pressure, becoming a new trend in the business of securities firms

According to the Hong Kong Stock Exchange documents, on January 20th, Shandong Jishi Jiao Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with CITIC SEC as the exclusive sponsor

Goldman Sachs: CITIC Securities' net profit last year exceeded expectations, with good cost control

Goldman Sachs report indicates that CITIC Securities' preliminary performance for 2025 is better than expected, with revenue and net profit projected at RMB 75 billion and RMB 30 billion, representing year-on-year growth of 29% and 38%, respectively. Although revenue has decreased by 17% quarter-on-quarter, the better-than-expected net profit may be attributed to good cost control. Goldman Sachs maintains a "Buy" rating on CITIC Securities' A shares and a "Neutral" rating on its H shares, with target prices of RMB 36.72 and HKD 24.46, respectively

Yuexiu Capital To Boost Holdings In Beijing Enterprises, Sell Stake in CITIC Securities

Guangzhou Yuexiu Capital Holdings Group Co Ltd :SAYS IT PLANS TO BOOST HOLDINGS OF BEIJING ENTERPRISES' SHARES WITH UP TO 1 BILLION YUAN ($143.49 million) SAYS IT, UNIT PLAN TO SELL UP TO 1% STAKE IN CITIC SECURITIES($1 = 6.9690 Chinese yuan renminbi)