CITIC Securities’ offshore arm and CLSA have combined their corporate finance and capital markets business and added new teams in Australia and London to capture more of the burgeoning outbound Chinese investment and help foreign investors gain access to China.
The merger is another step in CITIC Securities’ integration of pan-Asian broker CLSA following the takeover in July 2013 which was predicated on China continuing to open up its capital markets meaning more business for financial intermediaries.
“Henceforth anything that CITIC Securities does outside of mainland China in ECM, DCM and MA will be done via this entity,” CITIC CLSA’s head of corporate finance...
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