Creating China’s largest, international capital markets-focused financial platform
Hong Kong, 10 November, 2016 – Under the auspices of their parent company CITIC Securities (CITICS), CITIC Securities International Company Limited (CSI) and CLSA Limited (CLSA) are pleased to announce that the two Hong-Kong headquartered international entities will be aligned under the single brand of CLSA, amalgamating as China’s unique, off-shore financial platform with unmatched capabilities and coverage across 25 cities in the Asia Pacific, Europe and the Americas.
The move to a new corporate identity for CITICS’ international businesses is the next phase in CITICS global business development following the successful integration of CSI and CLSA’s corporate finance and capital markets businesses. The ‘new’ CLSA is pivotal to CITIC Securities’ international expansion serving Chinese and global clients across diverse geographies. Domestic institutional, retail and corporate clients will benefit from CLSA’s world class services and direct access to international capital markets. The integrated business will offer corporate finance, capital markets, fixed income, asset management, private equity, equity research and institutional and retail brokerage.
Chairman of CITIC Securities Zhang Youjun said: “As China’s economy internationalises, Chinese companies are playing a more important role in the global marketplace. Our vision is to become a leading domestic and first-class international Chinese investment bank most trusted by clients around the world. After years of expansion beyond China, one combined off-shore platform will lead CITICS one step closer to our aspiration. Our strong domestic capabilities, propelled by the broader mix of products and services from the new CLSA, will enable our clients to access new insights and capabilities that only a leader in China’s capital market can offer.”
CITIC Securities will appoint Tang Zhenyi Chairman of CLSA. Mr. Tang will play an instrumental role in strengthening CLSA’s capabilities in serving Chinese clients in international markets. Mr Tang will join CLSA’s board with a wealth of experience in global capital markets. He has been with the CITIC Group for many years and previously worked at the World Bank headquarter and at the Ministry of Finance.
Current Chairman and CEO of CLSA Jonathan Slone will remain as the CEO of the new CLSA. He notes: “Aligning our resources is the natural outcome of our working closely together over the past three years. Not only will CLSA be China’s largest brokerage financial service platform engaged in the international capital markets business, we will retain a unique mix of global thought and Chinese parentage with on-shore depth and breadth.”
Yin Ke will remain as the CEO of CITIC Securities International. He will continue to drive business alignment and enhance the business connectivity between the Company’s on-shore and off-shore platforms.
Leveraging CLSA’s 30 year history and deep relationships with global investors, CITIC Securities is committed to expanding its international business while ensuring outstanding client service. The integration of CSI and CLSA provides an opportunity for growth by bringing together complementary products, services, skills and talents. These are underpinned by a commitment to excellence and a common culture focused on creating superior value for clients, shareholders, employees and all stakeholders.
About CITIC Securities Company Limited (SSE: 600030, SEHK: 6030)
CITIC Securities Company Limited is a leading full service investment bank in China. It’s A shares and H shares are listed on the Shanghai Stock Exchange and the Main Board of The Stock Exchange of Hong Kong Limited, respectively. CITIC Securities maintains top rankings in China’s capital markets across its principal business areas of securities brokerage, investment banking, and asset management.
CITIC Securities is a composition stock of the SSE 180, SSE 50, CSI 300 and SSE Corporate Governance Index. It is also a constituent stock of the Hang Seng China H-Financials Index, Hang Seng China AH Index Series, Hang Seng Global Composite Index, Hang Seng Composite Index, Hang Seng Composite Industry Index – Financials, the Hang Seng Composite MidCap Index, Hang Seng China Enterprises Index, Hang Seng Mainland 100 Index, Hang Seng CSI Shanghai-Hong Kong AH Smart Index, SSE SH Equities Index, FTSE China 25 Index and MSCI China Index. Since the launch of the Shanghai-Hong Kong Stock Connect, CITIC Securities has become a benchmark stock for both Northbound and Southbound Trading Links.
For more information about CITIC Securities, please visit http://www.cs.ecitics.com
You may access CITIC Securities’ A-share annual report via the official website of the Shanghai Stock Exchange http://www.sse.com.cn
You may access CITIC Securities’ H-share annual report via the official website of The Stock Exchange of Hong Kong Limited http://www.hkex.com.hk
About CLSA Limited
CLSA is Asia’s leading and longest running brokerage and investment group. The company provides equity broking, corporate finance & capital markets and asset management services to global corporate and institutional clients.
Renowned for service excellence, product innovation and award-winning market intelligence CLSA has provided independent equity research, sales and trading since 1986. CLSA is the largest agency-only brokerage in Asia and with exchange membership in every developed market in the region, plus Australia and the Americas, CLSA provides best execution across a range of products and services.
The group’s corporate finance and capital markets team leads equity public offerings (primary and secondary), debt issuances and M&A advisory. Direct investment is offered through diversified, alternative investment vehicles by CLSA Capital Partners.
Headquartered in Hong Kong, CLSA’s 1,500 dedicated professionals operate from 25 cities across Asia, Australia, the Americas and Europe. CLSA’s parent company CITIC Securities is China’s leading investment bank.
For further information, please visit www.clsa.com