CITIC ** and China Securities Construction Investment**, these two brokerages look similar, and many people may think that they are different branches of the same company, or that they are a mother-child relationship. But in reality, their relationship is not simple, they have complex origins and rivalries. So, what exactly is the difference between them? This article will reveal the differences between these two brokerages from the aspects of business field, brand awareness, equity background, establishment time, etc., so that you can have a deeper understanding of them.
1. Business areas
There are differences between CITIC** and CSC** in terms of business areas. In addition to brokerage, investment banking, asset management and proprietary trading, CITIC** also involves private equity investment, quantitative investment and other fields. CITIC** is the first A+H-share listed company in China and one of the largest companies in China, with 7 major Tier 1 subsidiaries and operations in 13 countries around the world. CITIC**'s revenue and net profit rank among the top three in the industry over the years, and it is one of the strongest brokerages in China.
The business scope of CSC** is relatively narrow, mainly concentrated in the fields of brokerage, investment banking, asset management and proprietary trading. CSC** is a holding subsidiary of CITIC** and China Jianyin, with a total registered capital of 775.7 billion yuan, with 313 branches in 30 provinces, autonomous regions and municipalities directly under the central government, and 5 subsidiaries, has been rated as an AA-level brokerage for decades. China Securities Construction Investment** has been listed on the Hong Kong stock market and A-shares, ** 6066 respectivelyhk and 601066sh。The comprehensive business of China Securities Construction Investment** has maintained the top 3 in the industry for 8 consecutive years; The number of customers exceeds one million, and the ranking of A-share brokerages ranks among the top 10 in the country all year round.
2. Brand awareness
There are also differences in brand awareness between CITIC** and CSC**. As a well-known brand that entered the Chinese ** market in the early stage, CITIC ** has a relatively high market share and high brand awareness. With more than 10 million customers, CITIC** is one of the most influential securities firms in China. CITIC's slogan is "CITIC, China", which reflects its position and confidence in China's market.
The establishment of China Securities Construction Investment** is relatively short, and the brand awareness is relatively low. The predecessor of China Securities Construction Investment ** was Huaxia**, which was once one of the three major securities companies in China, but was later jointly acquired by CITIC ** and China Jianyin due to business difficulties, and was renamed China Securities Construction Investment**. The slogan of CSCI is "CSC, Invest in the Future", which reflects its professionalism and vision in the field of investment.
3. Equity background
There are also differences in the equity backgrounds of CITIC** and CSC**. CITIC is a subsidiary of CITIC Group, one of the largest conglomerates in China, involved in finance, energy, industry, real estate and other fields, and is one of the most powerful and influential state-owned enterprises in China. The largest shareholder of CITIC ** is CITIC Group, with a shareholding ratio of 3985%。
China Construction Investment** is a holding subsidiary of China Construction Bank, one of the largest commercial banks in China, one of the largest banks in the world, and one of the four major state-owned banks in China. CITIC Trust is one of the largest trust companies in China and a subsidiary of CITIC Group. The largest shareholder of China Securities Construction Investment** is the Beijing State-owned Capital Management Center, with a shareholding ratio of 3704%, the second largest shareholder is ** Huijin Investment Co., Ltd., with a shareholding ratio of 3293%, and the third largest shareholder is CITIC**, with a shareholding ratio of 589%。
Fourth, the establishment time
There is also a large gap between CITIC ** and China Securities Construction Investment** in terms of establishment time. Founded on October 25, 1995, CITIC is one of the earliest companies established in China and the first A+H share listed company in China, with listing dates of February 28, 2003 and December 25, 2007 respectively, with a listing time of 600030SH and 6030hk。
Founded on November 2, 2005, China Securities Construction Investment Co., Ltd. is one of the later companies in China and one of the most advanced companies in China, with listing dates of December 14, 2016 and March 23, 2018, respectively, with a listing time of 6066hk and 601066sh。
Conclusion
Through the above analysis, we can see that although CITIC ** and CITIC Construction Investment** have similar names, they actually have many differences, whether it is in business areas, brand awareness, equity background or establishment time, they have their own characteristics and advantages. They also have complex origins and rivalries, and their relationships are constantly changing, from cooperation to separation, from brothers to friends. We should have a clear understanding of these two brokers, do not confuse their identities and statuses, and do not blindly follow or reject them, but according to their own investment objectives and risk appetite, choose the right brokerages and products for themselves, and achieve the purpose of financial management. I hope this article can be helpful to you, thank you for reading, and I wish you all the best in your investment!