CITIC Securities

CITIC Securities
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	N/A
Trading Fees	No more than 0.3% commission rate
Account Related Fees	Opening Securities Account: Individual A-share (Shanghai/Shenzhen)20 yuan, Institutional/Product A-share (Shanghai/Shenzhen) 200 yuan, Individual B-share (Shanghai) 19 USD, Institutional B-share (Shanghai) 85 USD
Interests on Uninvested Cash	N/A
Margin Interest Rates	8.35%
Mutual Funds Offered	Yes
App/Platform	China CITIC Bank International inMotion and inVest by CNCBI
Promotion	Yes

CITIC Securities Information

　　CITIC Securities, founded in 1995 and headquartered in Shenzhen, China, is a leading full-service investment bank. They offer a comprehensive range of tradable securities including equities (China A-Shares, Hong Kong Stocks, US Stocks), fixed income, commodities, and derivatives. Clients can also access margin financing to amplify returns (and risks).

　　Commissions are tiered based on asset class, but generally higher than some popular brokers. Account fees are minimal with an opening fee for China A-Shares accounts and no monthly maintenance fees. CITIC Securities is regulated by the China Securities Regulatory Commission (CSRC).

Pros and Cons

　　CITIC Securities benefits from being regulated by the China Securities Regulatory Commission (CSRC), ensuring compliance with regulatory standards and providing investors with a sense of security. The platform offers a variety of services, including various investment options and competitive research and educational resources. User-friendly trading apps facilitate easy navigation and execution of trades.

　　Despite its regulatory oversight, CITIC Securities imposes relatively high commissions of 0.3%, which deter cost-conscious investors. Additionally, the platform has limited international market access, potentially restricting opportunities for investors seeking to diversify their portfolios globally.

Is CITIC Securities Safe？

• Regulations:

　　CITIC Securities holds three securities licenses issued by the China Securities Regulatory Commission (CSRC), indicating compliance with regulatory standards. These licenses, specifically the China Securities Trading License, demonstrate authorization to engage in securities trading activities within China's financial markets. With CSRC oversight, CITIC Securities operates within the regulatory framework established to ensure the integrity and stability of the securities market. Each license underscores the firm's commitment to adhering to regulatory requirements, fostering transparency, and maintaining trust within the financial sector.


• Funds Safety:

　　In CITIC Securities, customers' account balances are typically not insured in the same way as bank deposits. Securities accounts are subject to market risks, and any losses incurred from market fluctuations are borne by the account holder.

• Safety Measures:

　　CITIC Securities implements robust security measures to safeguard client assets and information. These include encryption protocols to protect sensitive data during online transactions and communications. Multi-factor authentication adds an extra layer of security, requiring additional verification steps for account access. Routine security audits and updates ensure system integrity and resilience against evolving cyber threats.

What are Securities to Trade with CITIC Securities？

　　CITIC Securities offers a comprehensive range of tradable securities.

• Equities: You can trade stocks listed on the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE), as well as Hong Kong Stock Exchange (HKEX) and other international exchanges.

• Fixed Income: This includes government bonds, corporate bonds, and other debt instruments.
• Commodities: CITIC Securities allows trading in various commodities like precious metals, energy products, and agricultural goods (specific commodities offered might depend on market regulations).
• Derivatives: Equity derivatives like stock options and futures contracts are available, enabling investors to hedge their positions or speculate on price movements.

• Margin Financing: CITIC Securities offers margin financing, allowing you to borrow funds to purchase securities, potentially amplifying your returns (but also magnifying potential losses).

Services

　　CITIC Securities provides a wide range of financial services. These include Investment Banking, facilitating corporate clients in capital raising and strategic advisory services.

　　Asset Management offers tailored investment solutions for individuals and institutions.

　　The Equity Sales & Trading Business enables clients to trade stocks efficiently. Prime Service provides specialized services for high-net-worth individuals and institutional investors.

　　China Asset Management focuses on managing assets within China's market.

　　CITIC Futures offers futures trading services.

　　Wealth Management serves personalized financial planning needs.

　　FICC Business handles fixed income, currencies, and commodities.

　　Research Business provides market insights. Custody Service ensures safekeeping of assets.

　　CLSA and Goldstone Investment offer specialized investment services within the CITIC Securities network.



CITIC Securities Accounts

　　CITIC Securities offers a variety of account types to suit different investor needs and experience levels. Here's a breakdown of some common account types:

• China A-Shares Account: This account allows you to trade stocks listed on the Shanghai and Shenzhen Stock Exchanges (SSE and SZSE). It's suitable for investors interested in the Chinese mainland stock market.
• Hong Kong Stock Connect Account: This account enables you to trade stocks listed on the Hong Kong Stock Exchange (HKEX). It serves investors seeking exposure to the Hong Kong market or companies listed there.
• US Stock Account: This account allows you to trade stocks listed on US exchanges. It's ideal for investors interested in diversifying their portfolios with US equities.
• Margin Trading Account: This account permits you to borrow funds from CITIC Securities to magnify your potential returns (and losses) on investments. It's suitable for experienced investors comfortable with the higher risks involved in margin trading.

CITIC SecuritiesFees Review

　　Account-related Fees:

　　Opening a securities account incurs varying charges depending on the type and location. For instance, individual A-share accounts in Shanghai or Shenzhen attract a fee of 20 yuan per account, while institutional or product A-share accounts are charged 200 yuan per account. B-share accounts involve different costs, with fees ranging from 19 US dollars to 120 Hong Kong dollars per account, depending on the location.

　　Closed-end fund accounts, regardless of type, incur a standard fee of 5 yuan per account. Similarly, establishing a credit account carries a fee of 40 yuan for both individuals and institutions across Shanghai and Shenzhen. Fees for registering changes in securities account information and account closure are currently waived.

　　Trading Fees:

　　Trading fees for various asset classes differ based on the type of transaction.

　　For A-share transactions:

• Commission fees do not exceed 0.3% of the transaction amount, with a minimum charge of 5 yuan.
• Transfer fees are calculated at 0.001% of the transaction amount.
• Stamp duty is levied at 0.1% of the transaction amount, payable by the seller.

　　For transactions in the New Third Board and the Northern Exchange:

• Commission fees do not surpass 0.15% of the transaction amount.
• Transfer fees are assessed at 0.001% of the transaction amount.
• Stamp duty is imposed at 0.1% of the transaction amount, payable by the seller.

　　For preferred stocks, trading entails:

• Commission fees not exceeding 0.3% of the transaction amount, with a minimum charge of 5 yuan.
• Stamp duty is charged at 0.1% of the transaction amount, borne by the seller.

　　Trading in dual-network and delisted shares incurs:

• Commission fees not exceeding 0.3% of the transaction amount.
• Stamp duty at 0.1% of the transaction amount, payable by the seller.

　　For transactions involving Hong Kong Stock Connect:

• Commission fees do not exceed 0.3% of the transaction amount, with a minimum charge of 5 yuan.
• Transfer fees amount to 0.002% of the transaction amount, with minimum and maximum charges set at 2 Hong Kong dollars and 100 Hong Kong dollars, respectively.
• Stamp duty is levied at 0.13% of the transaction amount, collected from both parties.

Fee Type	Description	Fee Amount
Opening Securities Account	Individual A-share (Shanghai/Shenzhen)	20 yuan per account
Opening Securities Account	Institutional/Product A-share (Shanghai/Shenzhen)	200 yuan per account
Opening Securities Account	Individual B-share (Shanghai)	19 USD per account
Opening Securities Account	Institutional B-share (Shenzhen)	85 USD per account
Opening Securities Account	Individual B-share (Shanghai)	120 HKD per account
Opening Securities Account	Institutional B-share (Shenzhen)	580 HKD per account
Opening Securities Account	Closed-end fund account	5 yuan per account
Opening Securities Account	Credit account (Individual/Institution)	40 yuan per account
A-share Commission Fee	Maximum 0.3% of transaction amount	Minimum 5 yuan
A-share Transfer Fee	0.001% of transaction amount
A-share Stamp Duty	0.1% of transaction amount (seller)
New Third Board/Northern Exchange Commission Fee	Maximum 0.15% of transaction amount
New Third Board/Northern Exchange Transfer Fee	0.001% of transaction amount
New Third Board/Northern Exchange Stamp Duty	0.1% of transaction amount (seller)
Preferred Stock Commission Fee	Maximum 0.3% of transaction amount	Minimum 5 yuan
Preferred Stock Stamp Duty	0.1% of transaction amount (seller)
Dual-network/Delisted Shares Commission Fee	Maximum 0.3% of transaction amount
Dual-network/Delisted Shares Stamp Duty	0.1% of transaction amount (seller)
Hong Kong Stock Connect Commission Fee	Maximum 0.3% of transaction amount	Minimum 5 yuan
Hong Kong Stock Connect Transfer Fee	0.002% of transaction amount	Min: 2 HKD, Max: 100 HKD
Hong Kong Stock Connect Stamp Duty	0.13% of transaction amount (both parties)

CITIC Securities App Review

　　CITIC Securities offers two distinct apps for different financial needs.

　　“China CITIC Bank International inMotion” provides comprehensive banking services, including account management, bill payment, and investment opportunities like securities trading and advisory services. It offers convenient features such as remote account opening, biometric authentication, and live chat support. Users can access a wide range of banking functionalities and investment tools, empowering them to manage their finances efficiently and securely.

　　On the other hand, “inVest by CNCBI” focuses specifically on securities trading, delivering instant market updates and investment opportunities in major stock markets. This app offers features like stock trading, portfolio monitoring, real-time quotes, and customized alerts.

　　With its user-friendly interface and professional tools, investors can stay informed about market conditions and seize investment opportunities with ease.

　　Both apps are readily available for download on respective app stores, ensuring convenient access to financial services anytime, anywhere.



Research & Education

　　CITIC Securities provides a comprehensive suite of educational resources and research reports to empower investors with valuable insights.

　　Their financial reports offer in-depth analyses of market trends and performance indicators, aiding investors in making informed decisions.



　　Earnings announcements and financial highlights keep stakeholders updated on company performance, while the financial calendar helps plan investment strategies. Analyst coverage adds credibility, providing expert opinions on market movements. The inclusion of FAQs and corporate communications enhances transparency and accessibility.



　　Compared to other popular brokers, CITIC Securities appears competitive, offering a robust array of resources tailored to both novice and seasoned investors, fostering a conducive environment for informed decision-making.

Customer Service

　　CITIC Securities offers accessible and responsive customer support services through multiple channels.

　　Investors can reach the Investor Relations hotline at (008610) 60836030 during business hours for inquiries and assistance. For correspondence, they can send faxes to (008610) 60836031 or email IR@CITICS.COM.

　　Additionally, individuals can visit CITIC Securities Towers in Beijing or Shenzhen for face-to-face assistance.

　　The Beijing office is located at 10F CITIC Securities Tower, No.48 Liangmaqiao Road, Chaoyang District, Beijing, 100026, PRC.

　　The Shenzhen office is situated at 16F CITIC Securities Tower, No.8 Zhongxin 3rd Road, Futian District, Shenzhen, 518048, China.



Conclusion

　　CITIC Securities offers a broad range of tradable securities across various markets. Account opening fees are minimal and there are no monthly maintenance charges.

　　However, commission rates are generally higher than some popular brokers.

　　For margin trading access and the ability to invest in China A-Shares, CITIC Securities might be a suitable choice. However, the higher commission structure makes it less ideal for frequent traders or those cost-conscious investors.

FAQs

• Is it safe to trade on CITIC Securities？
• CITIC Securities prioritizes security with robust measures like encryption and multi-factor authentication to safeguard your transactions and information.
• Is CITIC Securities a good platform for beginners？
• Yes, CITIC Securities offers user-friendly trading apps and educational resources, making it suitable for beginners to navigate and learn the ropes of investing.
• Is CITIC Securities legit？
• Yes, CITIC Securities is a reputable brokerage firm regulated by the China Securities Regulatory Commission (CSRC), ensuring compliance with regulatory standards.
• Is CITIC Securities good for investing/retirement？
• Yes, CITIC Securities provides various investment options and services, making it suitable for long-term investing and retirement planning.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.