TOPIC

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Citic

Citic is China's largest state-run conglomerate, with a primary focus in financial services, but also property development, heavy industry and metals and mining. It owns Citic Securities, the country's largest securities company, and China Citic Bank, a second-tier lender. It also owns the Sino Iron mine in Australia's Pilbara region, which is the largest magnetite iron-ore mine in the world.

CFO / Finance Director

Chang Zhenming (Chairman)

Industry

Investment company

Website

citic.com

Headquarters address

Hong Kong

Stock Code

SEHK:0267

Year founded

1979

The CSRC is tightening listing rules for some firms seeking listings in Hong Kong. Photo: Jelly Tse

IPO

China’s tightened IPO rules for some ‘red chips’ in Hong Kong raise concerns

The CSRC asks some Hong Kong listing candidates to change their red-chip structure and issue H shares.

18 Mar 2026 - 9:56AM

Banking & finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

26 Feb 2026 - 6:07PM

China trade

Opinion | From tea to TikTok: the middleman’s return is reshaping China trade

16 Jan 2026 - 9:30AMvideocam

Banking & finance

Citic Securities claims top spot in Asia-Pacific investment banking for 2025

Chinese rivals fill out the rest of the top five, while US bank Morgan Stanley comes in sixth.

6 Jan 2026 - 8:56PM

Citic claimed the crown as the top bookrunner for Asia-Pacific-issued bonds with 6 per cent market share. Photo: Shutterstock Images

IPO

China’s Unitree Robotics completes pre-IPO tutoring for onshore listing

The unicorn is reportedly aiming for a valuation of up to US$7 billion in a listing on Shanghai’s Nasdaq-style Star Market.

17 Nov 2025 - 3:07PMvideocam

Family offices

Exclusive | China’s wealthy flock to Hong Kong for global investments, banker says

China Citic Bank International invests in new private banking centre as cross-border wealth customers triple, Wendy Yuen says.

2 Nov 2025 - 11:37AM

Banking & finance

What AI means for young bankers: fewer entry roles, but faster career paths

AI might be trimming entry roles, but recruiters say graduates with the right mix of technical and soft skills are still in demand.

29 Oct 2025 - 9:30AM

Rather than eliminating entry-level roles, AI could act as a catalyst for faster career progression. Photo: Reuters

Banking & finance

Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms

As hedge funds and long-only investors pour into listings, bank’s Hong Kong unit expands to meet demand, head of investment banking says.

22 Oct 2025 - 8:35AM

Banking & finance

HSBC, Standard Chartered complete first yuan repo under new scheme

Under the scheme, all overseas institutional investors in the onshore bond market can remit yuan obtained for offshore use.

29 Sep 2025 - 9:30PM

Artificial intelligence

China narrows AI development gap with US, but still lags in advanced chips: CLSA

The China-US AI gap narrows to around three months from more than a year previously, CLSA’s head of technology research says.

10 Sep 2025 - 9:00AM

AI development in China has managed to overcome US tech restrictions. Photo: Shutterstock

China-Africa relations

China investing US$350 million in Angola in drive to boost food security

The deals to grow corn and soybeans involving major state-owned firms come as Beijing seeks to reduce reliance on US agricultural supplies.

2 Aug 2025 - 2:00PMvideocam

A farmer checks newly harvested soybeans in central China’s Henan province. China’s actions in Angola highlight its strategic shift towards Africa for food security, especially given recent trade tensions with the United States. Photo: Xinhua

Robotics

China robotics firm Unitree eyes IPO filing this year

The company is on track to become the first humanoid robot maker to list on a mainland bourse.

21 Jul 2025 - 5:30PM

Yuan

Why China’s yuan is forecast to keep strengthening against the US dollar

A resilient domestic economy and US debt fears could see the Chinese currency appreciate further, analysts say.

1 Jul 2025 - 11:59AM

IPO

Apple supplier Lens Tech leads city’s new IPO filings with US$608 million deal

Company sets aside 11 per cent of base offering to local investors; upsize and overallotment options could swell total proceeds to HK$6.3 billion.

30 Jun 2025 - 4:45PM

A man passes an electronic display at Hong Kong’s stock exchange. Photo: Xinhua

Banking & finance

Chinese smartphone maker Honor moves closer to onshore share listing

Mainland market’s fourth-largest smartphone maker first announced plans to list A shares in November 2023.

27 Jun 2025 - 1:28PM

China-Middle East relations

Global economy jitters grow after Trump’s Iran strikes, Strait of Hormuz fears

Escalating Israel-Iran conflict could disrupt oil trade and shake markets, analysts say.

23 Jun 2025 - 3:54PMvideocam

Cryptocurrency

With Hong Kong’s stablecoin law, mainland firms are preparing for a market boom

The brokerage expects the new stablecoin law to lead to more real-world asset tokenisation projects from mainland firms in the city.

3 Jun 2025 - 10:50PM

Banking & finance

‘A bit lost’: China’s savers search for options after deposit rate cuts

With deposit yields dropping below 1 per cent at major banks for the first time, Chinese households are on the hunt for alternatives.

23 May 2025 - 11:10AM

Households across China are grappling with a pressing question of where to park their money. Photo: Getty Images

International Property

Citic enlarges Saudi Arabia footprint with 3,500-flat Riyadh project

The project, also called Khuzam Hills, comprises several phases, the first of which is scheduled for delivery in 2026, according to the website of Citic’s partner Rafal.

19 Nov 2024 - 1:56PM

Banking & finance

Distressed asset manager China Huarong buys US$1.7 billion stake in Citic

The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.

16 Nov 2023 - 4:53PM

Swire Group

Swire snaps up Wan Chai parcel for HK$1.96 billion, beating 20 rivals

Swire beat out rivals such as CK Asset Holdings, Kerry Properties and Citic Pacific for land that could fetch HK$33,000 per square foot when construction is completed.

22 Jun 2022 - 8:00AM

Fame and celebrity

Drugs, disgrace and the mysterious death of a Chinese media mogul

Li Bolun was one of the most powerful figures in the Chinese entertainment industry. His precipitous fall from favour has left a legacy of legal wrangling over the ownership of a Canadian Chinese media company.

5 Oct 2020 - 4:41PMvideocam

Former president and chairman of Citic Culture and Media, Li Bolun. Photo: Sina

Hong Kong property

Citic Pacific wins Tai Hang luxury residential site for HK$3.2 billion

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday.

18 Dec 2019 - 11:58PMvideocam

Dah Chong Hong

Citic Pacific makes offer to take Dah Chong Hong private

DCH’s business has been challenged by intense competition and diversified landscape.

21 Oct 2019 - 10:29PM

Banking & finance

Banks implement staff contingency plans as protests rage

Banks say they’re focused on the safety of their employees and still being able to provide services to customers as protests in Hong Kong continue

13 Oct 2019 - 10:47PMvideocam

A China Construction Bank branch vandalised by protesters following a rally in defiance of the anti-mask law issued by the government on October 5, 2019. Photo: Felix Wong

Swire Group

CLSA renews lease with property arm of Cathay Pacific owner

Brokerage CLSA has renewed its office lease at Hong Kong conglomerate Swire Properties’ flagship property. The Financial Times reported on Wednesday the firm had been under pressure to quit the premises by its mainland Chinese state-owned parent, Citic Securities.

18 Sep 2019 - 10:57PM

CLSA has leased office space at One Pacific Place since 2000, Swire Properties says. Photo: Shutterstock

Hong Kong Airlines

Exclusive | Investors offer to buy Hong Kong Airlines, ending boardroom tussle

The family of former chief secretary Henry Tang Ying-yen is among a consortium of investors in talks to buy Hong Kong Airlines.

12 Jul 2019 - 11:29PM

Banking & finance

China has a big headache instead of getting its own Goldman Sachs

Citic Securities has been hit by a wave of more than 50 resignations since January, an exodus that threatens to upend China’s push to create a global investment banking powerhouse.

10 Jul 2019 - 4:30PM

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Citic

China’s tightened IPO rules for some ‘red chips’ in Hong Kong raise concerns

The CSRC asks some Hong Kong listing candidates to change their red-chip structure and issue H shares.

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

.css-1pcrwvc{color:#2aa191;}Opinion | From tea to TikTok: the middleman’s return is reshaping China trade

Citic Securities claims top spot in Asia-Pacific investment banking for 2025

Chinese rivals fill out the rest of the top five, while US bank Morgan Stanley comes in sixth.

China’s Unitree Robotics completes pre-IPO tutoring for onshore listing

The unicorn is reportedly aiming for a valuation of up to US$7 billion in a listing on Shanghai’s Nasdaq-style Star Market.

.css-19im5qg{color:#c79a00;}Exclusive | China’s wealthy flock to Hong Kong for global investments, banker says

China Citic Bank International invests in new private banking centre as cross-border wealth customers triple, Wendy Yuen says.

What AI means for young bankers: fewer entry roles, but faster career paths

AI might be trimming entry roles, but recruiters say graduates with the right mix of technical and soft skills are still in demand.

Citic Securities rides Hong Kong’s IPO wave, sponsoring dozens of firms

As hedge funds and long-only investors pour into listings, bank’s Hong Kong unit expands to meet demand, head of investment banking says.

HSBC, Standard Chartered complete first yuan repo under new scheme

Under the scheme, all overseas institutional investors in the onshore bond market can remit yuan obtained for offshore use.

China narrows AI development gap with US, but still lags in advanced chips: CLSA

The China-US AI gap narrows to around three months from more than a year previously, CLSA’s head of technology research says.

China investing US$350 million in Angola in drive to boost food security

The deals to grow corn and soybeans involving major state-owned firms come as Beijing seeks to reduce reliance on US agricultural supplies.

China robotics firm Unitree eyes IPO filing this year

The company is on track to become the first humanoid robot maker to list on a mainland bourse.

Why China’s yuan is forecast to keep strengthening against the US dollar

A resilient domestic economy and US debt fears could see the Chinese currency appreciate further, analysts say.

Apple supplier Lens Tech leads city’s new IPO filings with US$608 million deal

Company sets aside 11 per cent of base offering to local investors; upsize and overallotment options could swell total proceeds to HK$6.3 billion.

Chinese smartphone maker Honor moves closer to onshore share listing

Mainland market’s fourth-largest smartphone maker first announced plans to list A shares in November 2023.

Global economy jitters grow after Trump’s Iran strikes, Strait of Hormuz fears

Escalating Israel-Iran conflict could disrupt oil trade and shake markets, analysts say.

With Hong Kong’s stablecoin law, mainland firms are preparing for a market boom

The brokerage expects the new stablecoin law to lead to more real-world asset tokenisation projects from mainland firms in the city.

‘A bit lost’: China’s savers search for options after deposit rate cuts

With deposit yields dropping below 1 per cent at major banks for the first time, Chinese households are on the hunt for alternatives.

Citic enlarges Saudi Arabia footprint with 3,500-flat Riyadh project

The project, also called Khuzam Hills, comprises several phases, the first of which is scheduled for delivery in 2026, according to the website of Citic’s partner Rafal.

Distressed asset manager China Huarong buys US$1.7 billion stake in Citic

The company, one of China’s largest distressed debt managers, will acquire a 5.01 per cent stake at HK$9.35 per share from Citic Polaris, a wholly owned subsidiary of Citic Group, and change its name to China Citic Financial Asset Management.

Swire snaps up Wan Chai parcel for HK$1.96 billion, beating 20 rivals

Swire beat out rivals such as CK Asset Holdings, Kerry Properties and Citic Pacific for land that could fetch HK$33,000 per square foot when construction is completed.

Drugs, disgrace and the mysterious death of a Chinese media mogul

Li Bolun was one of the most powerful figures in the Chinese entertainment industry. His precipitous fall from favour has left a legacy of legal wrangling over the ownership of a Canadian Chinese media company.

Citic Pacific wins Tai Hang luxury residential site for HK$3.2 billion

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city’s Lands Department said on Wednesday.

Citic Pacific makes offer to take Dah Chong Hong private

DCH’s business has been challenged by intense competition and diversified landscape.

Banks implement staff contingency plans as protests rage

Banks say they’re focused on the safety of their employees and still being able to provide services to customers as protests in Hong Kong continue

CLSA renews lease with property arm of Cathay Pacific owner

Brokerage CLSA has renewed its office lease at Hong Kong conglomerate Swire Properties’ flagship property. The Financial Times reported on Wednesday the firm had been under pressure to quit the premises by its mainland Chinese state-owned parent, Citic Securities.

Exclusive | Investors offer to buy Hong Kong Airlines, ending boardroom tussle

The family of former chief secretary Henry Tang Ying-yen is among a consortium of investors in talks to buy Hong Kong Airlines.

China has a big headache instead of getting its own Goldman Sachs

Citic Securities has been hit by a wave of more than 50 resignations since January, an exodus that threatens to upend China’s push to create a global investment banking powerhouse.

Opinion | From tea to TikTok: the middleman’s return is reshaping China trade

Exclusive | China’s wealthy flock to Hong Kong for global investments, banker says