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CITIC Securities: The Benchmark Maker

About CITIC Securities

CITIC Securities Co. Ltd. was incorporated in October 1995. CITIC went public on the Shanghai Stock Exchange on January 6, 2003, and on the Hong Kong Stock Exchange on October 6, 2011.

Committed to its business principle of "prudent management and bold innovation," CITIC Securities has maintained or taken a leading position in many business activities. As of December 31, 2010, CITIC ranked first for market share in terms of brokerage services in exchange-based securities trading (8.60 percent, combined), stock and bond underwriting (9.20 percent), and assets under management (22.20 percent, exclusive of China AMC). It had two shareholders with more than a 5 percent stake in the company: China Life Insurance Co. Ltd. (5.01 percent) and China CITIC Group (23.45 percent), which controls the CITIC Bank, CITIC Trust, Prudential Life Insurance Co., and CITIC International Financial Holdings. This allows the integration of multiple business activities and providing customers with a full range of financial services at home and abroad.

CITIC Securities owns and is a controlling shareholder of the following six subsidiaries:

1. CITIC Jintong Securities Co. Ltd.

2. CITIC Wantong Securities Co. Ltd.

3. CITIC Securities International Co. Ltd.

4. ChinaAMC

5. CITIC Securities Futures Co. Ltd.

6. Goldstone Investment Ltd.

CITIC also partially owns, by equity participation, the CITIC Private Equity Funds Management Co. Ltd., China Capital Management Co. Ltd., and S&P/CITIC Index Information Services (Beijing) Co . Ltd. By December 31, 2010, CITIC was the largest securities firm in China, with total assets of CNY 153.178 billion, net assets of CNY 70.435 billion, and a net capital of CNY 41.050 billion.

 
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