On July 26, 2022, CLSA (UK) successfully completed the filing with Shenzhen Stock Exchange (SZSE) as a GDR Cross-Border Conversion Institution for both SIX Swiss Exchange and London Stock Exchange. This Cross-Border Conversion Institution filing will enable CITIC Securities to provide more Chinese listed companies with broader access to global capital markets, and contribute to the further opening-up of China’s capital market as well as the interconnection of China-Europe capital markets.
As CITIC Securities’ international platform, CLSA established its presence in London as early as 1990 and has since been engaged in the European capital market. As a member of London Stock Exchange since 2005, CLSA became a trading participant of SIX Swiss Exchange this July, as one of the first batch of Chinese members. Further, under the SSE/SZSE stock connect schemes with overseas stock exchanges, the completion of filing as a Swiss and UK GDR Cross-Border Conversion Institution will further enhance CITIC Securities’ competitive advantage in Europe.
With London as its European hub, CITIC Securities provides leading stock brokerage services to the European market, runs one of the largest sales teams in London for Asian stocks covering more than 350 institutional investor clients in 20 European countries. It consistently ranks as one of the top providers in terms of award-winning Asia equity research in UK and other European markets, and is currently expanding its corporate advisory services and fixed income products.
In terms of capital market activities, CITIC Securities is active in GDR issuances in Europe, and has led landmark GDR issuances for Yangtze Power, SDIC Power, and Ming Yang Smart Energy.
This July, CITIC Securities once again took the lead in issuing three of the first four GDR deals under “China-Swiss Stock Connect”, becoming the most active securities company in the first batch of “China-Swiss Stock Connect” GDRs, fully demonstrating CITIC Securities’ leading business capabilities in Europe.
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CLSA, CITIC Securities’ international platform, provides global investors and corporate executives with insights, liquidity and capital to drive their growth strategies.
Award-winning research, an extensive Asia footprint, direct links to China and highly experienced finance professionals differentiate our innovative products and services in asset management, corporate finance, equity and debt capital markets, securities and wealth management.
As part of CITIC Securities (SSE: 600030, SEHK: 6030), China’s leading investment bank, CLSA is uniquely positioned to facilitate cross-border capital flows and connect China to the world and the world to China.
CLSA operates from 13 countries across Asia, Australia, Europe and the Americas. For further information, please visit www.clsa.com.