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Citic Securities, CLSA launch global investment-banking platform

China’s brokerage firm Citic Securities and CLSA has launched global investment-banking platform, combining banking operations at both firms.

The new venture that is called Citic CLSA Securities will have offices in London and Sydney.

The company said the new entity would capitalize on increasing outbound Chinese investment and foreign investors seeking access to China.

Speaking about the initiative, Citic Securities vice chairman and CITIC Securities International CEO Yin Ke said: "I have no doubt that with CITIC Securities’ access in China and CLSA’s global network, CITIC CLSA Securities will become the leading provider of Chinese capital to global investors. We see enormous opportunity for growth across the region and China’s One Belt, One Road is one initiative we can leverage immediately."

Member of the CITIC Securities executive committee and investment banking committee, Phil Yan, said: "CITIC CLSA Securities, our off-shore team, will be an integral part of CITIC Securities’ unrivalled investment banking capabilities, supported by our unmatched client relationships and market insights in China, making us the natural partner of choice for Chinese clients expanding in the region or beyond."

In addition to the new staff in London and Sydney, Citic CLSA has operations in banking and underwriting bond and share sales and advises on mergers in Hong Kong, Bangkok, Manila, Mumbai and Singapore along with Colombo, Jakarta and Kuala Lumpur.