The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Citic stretches its ambitions beyond China

CLSA stake and landmark deals show China could have an international investment banking champion.

China’s leading securities companies enjoy a natural dominance of the tightly controlled domestic capital markets, with the established top players, Citic Securities and CICC, tested on home soil much more by the rising crop of competitors linked to domestic banks than they are by foreign firms.

Their almost guaranteed presence on every cross-border investment or fundraising deal by a Chinese company means China’s biggest securities companies place highly in the year-end league tables for Asia excluding Japan. But the ambitions of Citic in particular appear to stretch much further than that.

China is keen to establish its industry leaders in investment banking as world beaters, however long that may take, and it is clear from the activities of Citic Securities in the past two years that the firm is leading that charge.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree