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CITIC Securities has seen its net assets grow to 293.109 billion yuan over the past decade, yet it still lags behind banks like Beijing Bank. The recent merger of Guotai Junan and Haitong Securities, along with potential consolidations in the industry, poses new challenges for CITIC as it strives to become a leading global investment bank. Despite strong performance in bond underwriting and a significant IPO market presence, the firm faces pressures from industry restructuring and regulatory constraints.
Shankar Sharma has labeled CLSA"s recent "Buy India" note as a "trap" for retail investors and domestic institutions, criticizing the firm"s shift to a 20% overweight allocation in India while reducing exposure to China. He suggested that the note serves as a deceptive strategy by the Chinese-owned brokerage to mislead Indian investors, referring to it as a "Trojan Horse" designed to offload unwanted products onto them.
Hong Kong's finance sector is rebounding, with licensed finance jobs reaching a record high as banks and asset managers invest in the city’s ambition to become the leading wealth management hub. In the last four months, the city has seen a net increase of approximately 830 licensed financial professionals, bringing the total to nearly 42,000—the highest since the registration system began in 2003. Notable contributors to this growth include Citic Securities Co. and Millennium Management.
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CITIC Securities navigates challenges while aiming for global investment banking leadership
16:03 28.03.2025
Shankar Sharma warns CLSA"s Buy India note may mislead investors
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