New Stakeholders for CITIC Securities Shake-Up

(Beijing) – China's largest brokerage, CITIC Securities, is getting a makeover by diversifying its shareholding structure as part of a long-term strategy to expand overseas. Through a series of Hong Kong Stock Exchange transactions worth a combined US$ 5 billion, investment agencies linked to the governments of China, Kuwait, Singapore and Malaysia recently bought 1.74 billion CITIC Securities H-shares.