Changjiang Commercial Daily News ● Changjiang Commercial Daily reporter Shen Yourong
This year Since the tide of mergers and acquisitions in the Chinese securities industry, after the mergers and reorganization with Haitong Securities was approved, the market turned their attention to the "CITIC" broker CITIC Securities (600030.SH) and CITIC Jianjian Invest (601066.SH).
The rumors of CITIC Securities and CITIC Construction Investment have been reorganized for many years. Recently, it is expected to show signs of warming.
On November 7th and 8th, CITIC Securities and CITIC Construction Investment have successively announced their officials to appoint Zou Yingguang and Jin Jianhuas respective general managers.
Cross -change, does it mean that the joint reorganization of CITIC Securities and CITIC Investment Investment is not far from?At present, neither company has responded, and the market is just guessing, and the company is officially announced.
What has attracted much attention is that CITIC Jianjun Investment was once the union of CITIC Securities It was originally a subsidiary of its holding subsidiary, and was later transferred by the regulatory policy to transfer it.
CITIC Securities is the "one brother" of the Chinese voucher industry that has grown up quickly by mergers and acquisitions.As of the end of September this year, the companys assets totaled 1.73 trillion yuan.This scale is equivalent to the sum of the assets of the second child and the third child of the industry, the third child, and Huatai Securities assets.
If CITIC Securities and CITIC Jianjun really complete the joint reorganization, the Chinese voucher industry will produce a real "giant".
Cross -change will trigger reorganization guess
CITIC Securities and CITIC Construction Investment finally ushered in the new general manager EssenceThis time, it was cross -exchange.
On the evening of November 8, CITIC Jianjun issued an announcement. On the same day, the board meeting held by the company reviewed and approved the "Proposal on Appointing the Senior Management of the Company" and agreed to hire Golden Sword General Manager of Huawei.
Jin Jianhua, born in 1971, was the deputy general manager of CITIC Securities Investment Banking (Beijing), member , Leader of M & A business line, senior management member of the company, General Manager, Chairman of CITIC Industry Investment Fund Management Co., Ltd., Deputy General Manager of CITIC Investment Holding Co., Ltd. The companys general manager, former director of Baosteel Packaging.
From the perspective of the above work experience, most of Jin Jianhuas work experience in CITIC Securities System.
On the day before the CITIC Investment Officer appointed the general manager, that is, on the evening of November 7, CITIC Securities also issued a personnel appointment and removal announcement. As general manager of the company.
Zou Yingguang, born in 1970, has a richer work experience.Former Surgeon of Xuanwu Hospital of the Capital Medical University, transferred to the financial industry.The predecessor of CITIC Construction Investment- Haidian South Road Sales Department served as the manager of the institutional customer department, and later served as a senior business director of Huaxia Securities Bond Business Department.
In 2005, CITIC Construction Investment was established. As one of the veterans, Zou Yingguang was the assistant to the general manager of the CITIC Investment Bond Business Department, the executive person in charge of the fixed income department, and the executive committee member and member of the executive committee. Administrative person in charge of fixed income department.Until 2017, Zou Yingguang joined CITIC Securities and served as the executive person in charge of the fixed income department and executive member of the operation and management committee.
In October 2023, Zou Yingguang returned to CITIC Jianjun as a member of the companys party committee, executive director, executive committee member, executive director, and financial leader.One year later, I returned to CITIC Securities again.
Zou Yingguangs work resume shows that its main work experience is to build investment in CITIC, and there is also the work experience of CITIC Securities.
Both of them have the study experience of the China -Europe International Institute of Technology.Cross -general, both have the work experience of CITIC Securities. Market speculation, the joint reorganization of CITIC Securities and CITIC Investment Investment is not far.
The reporter from the Yangtze River Business Daily found that since 2020, the rumors of merger and reorganization of CITIC Securities and CITIC Construction Investment have continued.Today, whether the market is really guessing, it has to be officially announced by the two companies.
It is worth mentioning that Wang Changqing, the current chairman of CITIC Construction Investment, was born in June 1963. It is nearly 62 years old and belongs to overdue service.
In addition, on November 5, Zhang Zhibin, an executive of CITIC Investment, resigned because of his work.Zhou Xiaoyu, chairman of the companys board of supervisors, and Peng Wende, the chief risk officer, were born in 1964 and 1966, and will also face the retirement of the age.
The "one brother" that the voucher industry growing up by mergers and acquisitions
First, CITIC Securities has grown into the "one brother" of the Chinese voucher industry.
CITIC Securities was established in October 1995. It was listed on the Shanghai Stock Exchange in 2003 and listed on the Hong Kong Joint Exchange in 2011. It was the first A+H shares listed in China. Securities company.
The official website shows that CITIC Securities business scope covers securities, funds, futures, foreign exchange, and commodities. , High net worth customers and retail customers provide various financial services solutions.At present, the company has 6 main independent business subsidiaries, branches all over 13 countries around the world, and more than 400 branches and outlets in China. The leading positions in their respective fields.
CITIC Securities has a significant advantage. It is the first securities company with an asset size of exceeding trillion yuan.The main financial indicators have maintained the industry first for more than ten consecutive years, and various businesses have maintained the market leading position.
The asset scale of CITIC Securities has increased rapidly.From the end of 2015 to the end of 2018, the total assets were around 600 billion yuan. At the end of 2020, the companys total assets exceeded trillion yuan for the first time, reaching 1.05 trillion yuan. By the end of September this year, the total assets were 1.73 trillion yuan.
The scale of assets has expanded rapidly, which is directly related to the expansion of mergers and acquisitions.
In 2004, CITIC Securities acquired Wantong Securities.In 2005, the company joined forces to invest and reorganize Huaxia Securities and set up CITIC Construction Investment.About 2010, due to regulatory requirements, CITIC Securities transferred most of CITIC Construction Investments shares. At present, it still holds 4.94%.In addition, Jinghu Holdings Co., Ltd. under CITIC Group holds 4.53%.
In 2006, CITIC Securities acquired Jintong Securities.Seven years later, CITIC Securities acquired Lyon Securities.
In 2019, CITIC Securities made a big conclusion and acquired Guangzhou Securities at a price of 13.4 billion yuan.
After the completion of Guangzhou Securities, CITIC Securities asset scale exceeded trillion in one fell swoop.
What has attracted much attention is the possibility of the merger and reorganization of CITIC Securities and CITIC Construction Investment.
Some analysts believe that although the rumors have continued as early as 2020, and the two companies have repeatedly denied it, the current market environment has changed, especially Guotai Junan and Haitong Securities. The successful reorganization provides imagination for the merger of CITIC Securities and CITIC Construction Investment.
It is worth mentioning that in recent years, CITIC Construction Investments operating performance has continued to decline.In 2022 and 2023, the companys net profit attributable to shareholders of the parent company (referred to as "net profit") was 7507 billion yuan and 7.034 billion yuan, respectively, a year -on -year decrease of 26.68%and 6.45%. 4.297 billion yuan, a year -on -year decrease of 24.49%.
In the first three quarters of this year, CITIC Securities net profit was 16.799 billion yuan, an increase of 2.35%year -on -year.The net profit in 2022 and 2023 decreased by about 7%year -on -year, with a small decrease.In 2006, CITIC Securities acquired Jintong Securities.Seven years later, CITIC Securities acquired Lyon Securities.
From the perspective of operating performance, there is also a merger and reorganization space in CITIC Securities and CITIC Construction Investment.
As of the end of September this year, CITICs investment in investment was 554.740 billion yuan, ranking 10th in the Chinese securities firm industry.
If the two major securities firms are merged, their assets will reach 2.29 trillion yuan.
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