China-focused, global investment bank, CITIC Securities acquired CLSA in July 2013. CLSA is a wholly-owned subsidiary of CITIC Securities, a Chinese securities firm and largest underwriter of Chinese debt and equity.
CITIC Securities was established in October 1995 and headquartered in Shenzhen. The Company offers a range of financial services and products including securities brokerage, investment banking and asset management, to a client base encompassing corporations, financial institutions, governments and individuals.
According to the companies website, CLSA produces approximately 35,000 research reports per year consisting of market, economic, and thematic research reports. The company also claims to have raised $216 billion from more than 330 equity capital market transactions across Asia from 2006 to 2016.
CITIC Securities was No.1 Securities Company in China in terms of Revenue and Net Profit in 2017 according to its 2017 full year financial results announced in March 2018. In 2016 Global Capital magazine voted CLSA the number 1 most independent broker in Asia for the past 25 years
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