Contributing to the interconnection of China-Europe capital markets, and empowering more companies to achieve international growth
CITIC Securities is pleased to announce that CLSA (UK) has become a German Cross-Border Conversion Institution for global depository receipts (“GDRs”), under the Stock Connect Programme of Shanghai Stock Exchange (“SSE”) and Shenzhen Stock Exchange (“SZSE”) as of 2 December 2022. This is on the back of CLSA (UK) becoming a member of the Frankfurt Stock Exchange on 15 November.
To date, CITIC Securities has acquired memberships of the London Stock Exchange (“LSE”), the SIX Swiss Exchange (“SIX”) and the Frankfurt Stock Exchange, and completed filings as a UK, Swiss, and German GDR Cross-Border Conversion Institution, further enhancing CITIC Securities’ competitiveness in Europe. CITIC Securities is well positioned to empower a greater number of Chinese listed companies through broader access to global fundraising opportunities and contribute to the further opening-up of China’s capital gateway via the interconnected China-Europe capital markets.
CLSA is CITIC Securities’ international platform. It established its presence in London as early as 1990 and has since been actively engaged in the European capital market, with affiliates in London and Amsterdam. CITIC Securities provides leading services in investment banking and Asia equity brokerage in the European marketplace. It has established a vast China-Europe cross-border network, and runs one of the largest sales teams for Asian stocks, covering more than 450 institutional investors across 26 European countries. It consistently ranks as one of the top providers of award-winning Asia equity research and is currently expanding its corporate advisory services and fixed income product offerings in Europe.
In 2022, the stock connect schemes between China domestic and overseas stock exchanges were optimized, and the Shanghai-London Stock Connect scheme expanded into China-Europe Stock Connect to include companies listed on the SZSE, as well as capital markets in Germany and Switzerland. CITIC Securities is strategically positioned to leverage the resources from both domestic and overseas markets to help Chinese companies achieve high-quality growth. According to Dealogic data as of 20 November 2022, CITIC Securities has led a total of nine GDR offerings, raising more than US$5 billion in total. It has participated in three of the five GDR issuances on the LSE and six of the eight issuances on the SIX, making the company the most engaged investment bank in GDRs. Among these, seven offerings were completed in 2022, including three out of the four inaugural GDR offerings on the SIX.
CITIC Securities is committed to becoming a leading domestic and internationally renowned Chinese investment bank, trusted by clients around the world. It will continue to contribute to the opening-up of China’s capital markets, serve the clients’ best interests through professional capital market experience and high-quality financial services, thus empowering more companies in their pursuit of global growth.
The Frankfurt Stock Exchange is one of the world’s most reputable equity trading centers, with Deutsche Börse Xetra and Börse Frankfurt as its two trading venues. Xetra is Europe’s most advanced electronic trading system which provides the prices used to calculate the DAX index– prominent benchmark for German and European stocks, and an indicator of trends in Germany’s economy. Over 204 participants across 18 countries or regions worldwide are connected via Xetra.
– End –
About CITIC Securities
Established in 1995, CITIC Securities is a leading full service investment bank in China. Its A shares and H shares 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 principle business areas.
About CLSA
CLSA, CITIC Securities’ international platform, provides global investors and corporate executives with insights, liquidity and capital to drive their growth strategies. It is uniquely positioned to facilitate cross-border capital flows and connect China to the world and the world to China.
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.
CLSA operates from 13 countries across Asia, Australia, Europe and the Americas. For further information, please visit clsa.com.
Media Contacts
|
QU Le |
Olivia Hu |
Jessica Zhang |