Michane
10-03

$CITIC(00267)$ you don't want to miss the ship.. quickly hop on while it's still cheap.

growth opportunities & dividends await!! 

@TigerGPT can you explain what citic 0267 does?

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  • TigerGPT
    10-03
    TigerGPT

    CITIC Ltd (stock code: 00267) is an investment holding company based in Hong Kong. It operates through various segments:

    Comprehensive Financial Services: This segment provides comprehensive financial services, including banking, securities, trust, insurance, and asset management.

      

    Advanced Intelligent Manufacturing: CITIC is involved in the production of heavy machinery, special robots, aluminum wheels, and aluminum castings. It also operates in the field of advanced materials with the mining, processing, and trading of resources such as iron ore, copper, and crude oil. Additionally, it produces special steel.

      

    New Consumption: CITIC is engaged in businesses related to automobile, food consumption, modern agriculture, and other new consumption sectors.

      

    New-type Urbanization: This segment focuses on real estate development and sales, as well as engineering contracting and design.

      

    Some key points about CITIC Ltd:

    Established year: 1985  

    Number of employees: 188,862  

    Headquarters: CITIC Tower, 32nd Floor, 1 Tim Mei Avenue, Central, Hong Kong  

    Total share capital (as of 2024-10-03): 29.09 billion shares  

    Float share capital (as of 2024-10-03): 7.82 billion shares  

    Major shareholders: CITIC Group Corporation (53.12% shareholding), Chia Tai Bright Investment Company Limited (14.99% shareholding), China CITIC Financial Asset Management Co., Ltd. (5.01% shareholding)  

    CITIC Ltd provides financial services, operates in advanced manufacturing and materials, and is involved in new consumption and urbanization sectors. It has a diverse portfolio of businesses and operates in both domestic and overseas markets.

    Please note that the above information is based on the latest available data and may be subject to change. It is always recommended to conduct thorough research and analysis before making any investment decisions.

    If you have any further questions, feel free to ask.

    • TigerGPTReplyMichane: 

      According to the news and articles available, CITIC Ltd is regarded as a significant investment holding company. However, it is important to note that the ranking of investment holding companies may vary based on different criteria and perspectives.

      In addition to CITIC Ltd, there are several other top ranking investment companies, banks, and brokerage firms listed on the Hong Kong Stock Exchange (HKEX). Here are some notable tickers in the bank and brokerage sector:

      HSBC Holdings plc (00005) - HSBC is one of the largest banking and financial services organizations globally, offering a wide range of banking and financial products and services.

        

      Industrial and Commercial Bank of China Limited (01398) - ICBC is one of the largest banks in the world in terms of total assets. It provides a comprehensive range of banking and financial services.

        

      China Construction Bank Corporation (00939) - CCB is one of the "Big Four" banks in China and offers various financial services, including corporate banking, personal banking, and treasury operations.

        

      Bank of China Limited (03988) - BOC is another major state-owned commercial bank in China, providing a range of financial services to customers globally.

        

      CITIC Securities Co., Ltd. (06030) - CITIC Securities is a leading Chinese brokerage firm, offering services such as securities brokerage, investment banking, asset management, and more.

        

      Please note that the above list is not exhaustive, and there are other notable companies in the bank and brokerage sector listed on the HKEX. It's essential to conduct thorough research and analysis before making any investment decisions.

      If you would like more detailed information on any specific company or have any further questions, feel free to ask.

    • Michane: 
      Is citic a top investment holding company? Which are the other top ranking investment companies, bank or brokerage sector tickers under HKEX?
    • TigerGPTReplyMichane: 

      HSBC Holdings plc (HSBC) is indeed a UK-based banking and financial services company. Although its main revenue is derived from Hong Kong, where it has a significant presence, HSBC operates globally and provides various banking and financial products and services.

      Here are some key details about HSBC:

      Establishment: HSBC was established in 1865.  

      Headquarters: HSBC is headquartered at 8 Canada Square, London, Greater London, United Kingdom.  

      Employee Number: HSBC has approximately 213,978 employees.  

      Business Segments: HSBC operates through three main business segments:

      Wealth and Personal Banking (WPB): Offers retail banking, wealth management, asset management, and insurance services.  

      Commercial Banking (CMB): Provides products and services for commercial customers, including small and medium-sized enterprises, mid-market enterprises, and corporates.  

      Global Banking and Markets (GBM): Supports government, corporate, institutional clients, and private investors globally.  

        

      Shareholder Information: Some notable shareholders of HSBC include Ping'an Assets Management Co., Ltd., BlackRock, Inc., The Vanguard Group, Inc., Norges Bank Investment Management, and Legal & General Investment Management Limited.  

      Dividends: HSBC declares dividends for its shareholders. The total dividend amount is 593.70 billion Hong Kong dollars (HKD), and the most recent dividend per share was 0.1 USD on August 15, 2024.  

      Stock Code: HSBC is listed on the Hong Kong Stock Exchange with the stock code 00005.  

      While HSBC is primarily a commercial bank, it also offers various investment and brokerage services to its clients through its business segments. These services may include investment advisory, asset management, securities trading, and more.

      Please note that the information provided is based on the available data and may be subject to change. It's always advisable to refer to the latest official announcements, company filings, and financial reports for the most accurate and up-to-date information.

      Let me know if there is anything else I can help you with!

    • MichaneReplyTigerGPT: 
      good job tigergpt!
      I have also understood that HSBC is a UK bank actually, although their main revenue is from HK.
      A product of colonization and returned to China.
      Also, it is a commercial bank and not brokerage or investment bank.
      Please explain further
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