CITIC Securities Company Limited (CIIHF)
| Previous close | 1.8000 |
| Open | 1.8000 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 1.8000 - 1.8000 |
| 52-week range | 1.7200 - 2.1325 |
| Volume | |
| Avg. volume | 909 |
| Market cap | 36.112B |
| Beta (5Y monthly) | 0.92 |
| PE ratio (TTM) | 10.59 |
| EPS (TTM) | 0.1700 |
| Earnings date | 26 Apr 2024 |
| Forward dividend & yield | 0.07 (3.79%) |
| Ex-dividend date | 03 Jul 2023 |
| 1y target est | N/A |
- Reuters
WRAPUP 1-CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost controls, six sources with knowledge of the matter said. Beijing-based China International Capital Corp (CICC) is planning to reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter told Reuters.
ReutersExclusive-China's CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources
China's CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial sector, people with knowledge of the matter said. In an unusually broad move for an industry where individual relocations are more common, CLSA is expected to demand the investment bankers move to the Chinese mainland with their pay lowered to local levels or face the likely prospect of losing their jobs, three people said.
ReutersChina's top investment bank CITIC cuts base salary by up to 15% -sources
HONG KONG/BEIJING (Reuters) -China's CITIC Securities is cutting pay across its investment banking division, lowering base salaries by up to 15%, two sources said, in a rare move in the country's financial sector as Beijing pushes to bridge income disparity. The country's top investment bank by market value has also yet to pay bonuses to bankers for work done last year, the two sources close to the matter said. The bonuses are usually paid out early in the second quarter.
