On March 27, 2026, CITIC SEC (600030.SH; 06030.HK) held its 2025 annual results presentation in Hong Kong. In attendance were Chairman Zhang Youjun, General Manager Zou Yingguang, Chief Financial Officer Zhang Hao, Board Secretary Wang Junfeng, Executive Committee Member and Chairman of CITIC Securities International Li Chunbo, and Head of the Planning and Finance Department Xi Zhiying. They presented the company's 2025 operational results and engaged with investors and media on topics including the development plan for the 16th Five-Year Plan period, advancing the five key areas of finance, internationalization strategy, securities industry competition, serving new quality productive forces, and facilitating the entry of medium- to long-term funds into the market. The meeting was chaired by Wang Junfeng.
In response to the question of how the company plans to maintain its leading position in building a top-tier investment bank, CITIC SEC General Manager Zou Yingguang noted that the securities industry is experiencing accelerated consolidation, with a clear trend of leading securities firms growing larger and stronger. The competitive landscape is undergoing profound reshaping, with resources, business, and clients increasingly concentrating towards leading institutions with outstanding comprehensive strength and robust risk control capabilities. As a leading industry player, CITIC SEC will maintain strategic focus, accurately grasp the major trends of industry development, leverage the policy support from regulators for high-quality securities firms, and steadfastly advance the company's high-quality development through three core initiatives: "enhancing quality and efficiency, strengthening competitiveness, and expanding internationally."
First, the company will persist in "enhancing quality and efficiency" by deepening the exertion of its core functions and improving the effectiveness of its comprehensive financial services. It will adhere to the deep integration of functional exertion and client service, precisely focus on serving new quality productive forces, vigorously expand client breadth, deepen client relationships, build an integrated service system, and solidify its client base with full lifecycle comprehensive services to continuously enhance service efficacy.
Second, the company will persist in "strengthening competitiveness" by balancing the layout of its capital-light and capital-heavy businesses and comprehensively enhancing its core competitiveness. It will promote balanced development across all business lines, optimize resource allocation, build a global product spectrum covering multiple markets, strategies, and asset classes, and comprehensively meet clients' diverse and comprehensive financial needs to consolidate and expand its market advantages.
Third, the company will persist in "expanding internationally" by deepening its global footprint and advancing its internationalization strategy substantively. It will strengthen its Hong Kong business, establish a presence in Asia-Pacific hubs, expand its global network, enrich the diversity of its overseas market operations, and fortify its global compliance and risk control framework. It will fully serve the dual demands of supporting Chinese clients' global expansion and facilitating the inflow of international capital, continuously elevating the global influence of its brand.
Zou Yingguang believes that regulatory guidance to "support the strong and restrict the weak" is clear, and market concentration is expected to continue increasing. This presents both challenges and opportunities for the company. CITIC SEC will firmly grasp the direction of industry regulation, enhance its resource integration capabilities, effectively utilize market mechanisms and tools, and continuously improve its core competitiveness, market leadership, and risk prevention capabilities to accelerate the pace of building a first-class investment bank and investment institution.
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