CITIC Securities Co., Ltd.(SH:600030) Zheng Quan Ri Bao·2025-11-20 15:52Core Insights - The report from the China Securities Association highlights the significant growth in bond underwriting by securities firms in key sectors such as technology innovation, private enterprises, and green low-carbon initiatives, with CITIC Securities leading in many categories [1][2] Group 1: Bond Underwriting Performance - In the first three quarters of this year, the bond underwriting amount for technology innovation exceeded 700 billion yuan, marking a year-on-year increase of over 57% [1] - Private enterprise bond underwriting reached 391.36 billion yuan, reflecting a year-on-year growth of 43.46% [1] - CITIC Securities dominated the bond underwriting landscape, securing the top position in half of the key performance indicators [2] Group 2: Key Players in Bond Underwriting - Among 75 securities firms involved in technology innovation bonds, a total of 674 bonds were underwritten, amounting to 705.18 billion yuan, with CITIC Securities leading at 141.79 billion yuan [3] - In the private enterprise bond sector, 56 firms underwrote 368 bonds totaling 391.36 billion yuan, with CITIC Securities, Ping An Securities, and Huatai Asset Management taking the top three spots [3] - Smaller firms like Wenkang Securities excelled in underwriting bonds for small and micro enterprises, leading in both the number and amount of bonds underwritten [2][3] Group 3: Green and Low-Carbon Initiatives - In the green finance sector, 51 firms underwrote 137 green bonds totaling 109.01 billion yuan, with CITIC Jin Investment and CITIC Securities among the top underwriters [4] - The report indicates that 26 firms participated in low-carbon transition bonds, underwriting 25 bonds worth 14.38 billion yuan [4] - Securities firms are also actively supporting rural revitalization, with 41 firms underwriting 68 bonds totaling 42.65 billion yuan [4] Group 4: Belt and Road Initiative and Local Government Bonds - Nineteen firms underwrote 12 bonds related to the Belt and Road Initiative, with a total amount of 11.3 billion yuan [5] - A total of 69 firms participated in local government bond underwriting, achieving a combined winning bid amount of 336.95 billion yuan [5]