CLSA, CITIC Securities Brokerage (HK) and China CITIC Bank International to sign strategic collaboration agreements; Deepening synergy among CITIC companies for more holistic services to customers

CLSA Limited (“CLSA”), CITIC Securities Brokerage (HK) Limited (“CITIC Securities Brokerage (HK)”) and China CITIC Bank International Limited (“CNCBI”) held a signing ceremony of strategic collaboration agreements with an aim of driving multifaceted collaborative business development. Mr Charles Lin, Vice Chairman of CLSA and Mr James Xu, Chief Executive Officer of CITIC Securities Brokerage (HK), with Mr Bi Mingqiang, President and Chief Executive Officer of CNCBI,  Mrs Helen Kan, the Bank’s Executive Director and Deputy Chief Executive Officer and Mr Jeffery Bai, the Bank’s Executive Director and Deputy Chief Executive Officer, attended the ceremony in the company of members of senior management teams and signed the respective strategic collaboration agreements.  

Mr Charles Lin said at the ceremony: “We take pleasure in deepening collaboration with China CITIC Bank International.  By joining forces, we are able to play to the advantage of each other’s strength in our respective fields so as to satisfy customer’s diverse needs.  I believe that customers and we will reap the benefit of the synergy from this strategic collaboration.  By providing more market information and diverse investment and insurance products to customers, we will not only enhance our service quality to exceed customers’ expectation but also bolster our influence in our respective fields.” 

Mr Bi Mingqiang pointed out: “We are delighted to sign the strategic collaboration agreements with CLSA and CITIC Securities Brokerage (HK), setting into motion the implementation of the CITIC Group’s collaborative strategies by deepening collaboration on the back of a well-established business foundation and relationship.  In adherence to the principle of ‘complementing advantages for mutual benefits’, the three parties will become each other’s strategic partners and unleash the advantage of the CITIC Group’s integrated financial platform to create more value to customers as well as more fruitful contributions to the CITIC Group.”

Under the framework of the strategic collaboration agreements, CLSA, CITIC Securities Brokerage (HK) and CNCBI will step up collaboration and exchanges as regards business opportunities, market intelligence and product innovation, complementing and riding on each other’s strength.  The tripartite partners will collaborate actively in such areas as corporate banking, global markets and treasury, wealth management and personal banking, to provide and prioritise the referral of suitable products, professional services and customers to each other.

For corporate banking, global markets and treasury, CLSA and CNCBI will collaborate in various cross-border and offshore businesses including cross-border local- and foreign-currency products and custodian services, currency exchange and cross-border remittance, foreign exchange hedging, investment and financing, investment banking services, research, brokerage services of stocks of countries and districts other than Hong Kong, sale and promotion of offshore wealth management services, clearing services, receiving banking services and interbank deposits.  

Regarding wealth management and personal banking services, CITIC Securities Brokerage (HK) will leverage off CNCBI’s wealth management capability to provide wealth preservation and creation services to high-net-worth customers.  In future, both parties will extend collaboration in an effort to create 360-degree wealth management solutions for customers.  

The tripartite collaboration is expected to satisfy the rising financial management needs of more personal, corporate and institutional customers.  It will also open up a wealth of development opportunities and further fortify and expand the competitive advantage of the tripartite partners in their respective fields.

Photo:

Mr Charles Lin (right), Vice Chairman of CLSA and Mr Bi Mingqiang (left), President and Chief Executive Officer of CNCBI sign strategic collaboration agreement to expand collaboration on various cross-border and offshore businesses

Mr Charles Lin (2^nd from right), Vice Chairman of CLSA and Mr Bi Mingqiang (2^nd from left), President and Chief Executive Officer of CNCBI witness the signing of strategic collaboration agreement by Mr James Xu (right), Chief Executive Officer of CITIC Securities Brokerage (HK) and Mrs Helen Kan (left), Executive Director and Deputy Chief Executive Officer of CNCBI for collaboration on wealth preservation and wealth creation services to customers 

Mr Charles Lin (6^th from right), Vice Chairman of CLSA and Mr James Xu (5^th from right), Chief Executive Officer of CITIC Securities Brokerage (HK) with Mr Bi Mingqiang (7^th from left), President and Chief Executive Officer of CNCBI , Mrs Helen Kan (6^th from left), Executive Director and Deputy Chief Executive Officer , Mr Jeffery Bai (5^th from left), Executive Director and Deputy Chief Executive Officer at the strategic collaboration agreements signing ceremony in the company of members of senior management teams