What's CITIC Capital's strategy and history
Zhang Yichen The entity dates back to the mid-1980s when it was a retail brokerage. Two years ago, CITIC Group decided it wanted to form an international investment banking arm, under a new brand. They created CITIC Capital from the retail brokerage, which was basically executing trades for CITIC Ka Wah Bank customers.
It was very small, with less than 60 people - with most being back office clerks. Since then - with the new mandate to build this into a leading China-focused investment bank, we have experienced rapid growth. We have over 200 people now, and it is now a full service investment bank...
