Sou Hu Cai Jing·2025-10-24 11:16Group 1 - The core point of the article highlights that CITIC Securities has announced a total external guarantee amount of RMB 184.694 billion, which accounts for 63.01% of the company's most recent audited net assets [1] - As of the first half of 2025, CITIC Securities' revenue composition is as follows: securities investment business accounts for 43.88%, brokerage business for 28.21%, asset management business for 18.21%, investment banking business for 6.22%, and other businesses for 3.49% [1] - The current market capitalization of CITIC Securities is RMB 442.7 billion [1] Group 2 - The article also mentions that the Chinese innovative drug sector has sold overseas authorizations worth $80 billion this year, indicating a hot secondary market in biomedicine, while the primary market is facing fundraising challenges [1]