Citic Securities

New Business

HSBC, Standard Chartered complete first yuan repo under new scheme

Hong Kong note-issuing banks HSBC and Standard Chartered on Monday completed trades at the launch of the city’s cross-boundary bond…

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Zijin Gold’s Hong Kong IPO draws heavyweights GIC, Millennium and Hillhouse, sources say

GIC, Millennium Management and Hillhouse Investment are among heavyweights that are set to invest in Zijin Gold International’s initial public…

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Why China launched anti-dumping probe into US chips – and what it means for domestic firms

China has launched an anti-dumping investigation into analogue integrated circuit (IC) chips imported from the United States, saying they have…

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Unitree dispels fear of armed quadrupeds before IPO, stressing ‘robots for civilian use’

Unitree Robotics has issued a statement to dispel fear about its robot dogs being retrofitted with armaments for military use,…

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Why China’s yuan is forecast to extend gains against the US dollar through 2025

Market optimism for the Chinese currency continues to rise, with analysts projecting the yuan to appreciate further against the US…

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Shanghai firm sues to liquidate Hozon amid EV maker’s financial struggles

The cutthroat competition in mainland China’s electric vehicle (EV) market threatens to sink Hozon New Energy Automobile, as the maker…

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Hong Kong stablecoin law draws mainland attention as Citic anticipates tokenisation boom

Hong Kong’s move to legalise stablecoins – cryptocurrencies that maintain a fixed value by being pegged to a reference asset…

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Fury as Chinese bank offers to help rich clients’ kids gain top internships

A Chinese bank has triggered outrage by offering to help its rich customers secure prestigious internships for their children, prompting…

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China’s Sany Heavy Industry eyes US$1.5 billion Hong Kong IPO, sources say

Chinese manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two…

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China faces uphill battle to boost demand despite consumer price recovery in January

China’s consumer prices picked up in January given the seasonal spending boost from Lunar New Year holiday, but analysts warned…

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