CITIC Securities Posts Record Profit as China Stocks Soar
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CITIC Securities in Changzhou, Jiangsu province. Photo: VCG
CITIC Securities Co. Ltd., China’s largest brokerage, reported a record annual profit for 2025, lifted by a surging domestic equity market that fueled gains in trading and investment banking businesses.
Net income attributable to shareholders jumped 38.5% from a year earlier to 30.1 billion yuan ($4.3 billion), the firm said in a preliminary earnings release late Wednesday. That marks the first time the company has crossed the 30-billion-yuan threshold. Revenue climbed 28.8% to 74.8 billion yuan.
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- CITIC Securities reported a record 2025 net profit of 30.1 billion yuan (up 38.5%), with revenue rising 28.8% to 74.8 billion yuan, driven by a strong domestic equity market.
- The Shanghai Composite Index surged nearly 50% in 2025, reaching 4,000 points, aiding robust brokerage, investment banking, and proprietary trading gains.
- CITIC’s assets grew 21.8% to 2.08 trillion yuan, with return on equity at 10.6%; final results are pending audit.
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Who’s Who
- CITIC Securities Co. Ltd.
- CITIC Securities Co. Ltd., China's largest brokerage, reported a record annual profit of 30.1 billion yuan in 2025, a 38.5% year-on-year increase. Revenue climbed 28.8% to 74.8 billion yuan. This growth was driven by a surging domestic equity market, improving investor sentiment, and strong performance in its trading, investment banking, and proprietary trading operations.
- China International Capital Corp. Ltd.
- China International Capital Corp. Ltd. (CICC) is mentioned as the employer of Li Qiusuo, a chief domestic strategy analyst. Li Qiusuo provided analysis on the 2025 market rebound, noting strong structural characteristics, growth-focused index leadership, and significant capital inflows.
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What Happened When
- Late September 2024：
- Chinese equities staged a strong comeback, ending a period of underperformance that lasted through much of 2024.
- 2025：
- CITIC Securities achieved a record-breaking annual profit, with net income rising 38.5% to 30.1 billion yuan. Revenue climbed 28.8% to 74.8 billion yuan.
- 2025：
- The Shanghai Composite Index surged nearly 50% to a 10-year high, reflecting a sweeping recovery in China's equity markets.
- 2025：
- CITIC Securities' total assets rose 21.8% to 2.08 trillion yuan, and its weighted average return on equity increased to 10.6%, the highest since a major rights issue in 2022.
- 2025：
- Total annual turnover on the A-share market surpassed 400 trillion yuan for the first time.
- By end-2025：
- Shanghai Composite Index rallied from around 2,600 points to the 4,000-point mark.
- By end-2025：
- Margin financing balances reached about 2.4 trillion yuan.
- January 16, 2026：
- CITIC Securities released its preliminary full-year 2025 earnings report, noting the results are unaudited as of this date.
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