Jing Ji Guan Cha Wang·2026-02-14 07:33Group 1 - The core viewpoint of the news is that CITIC Securities has received approval from the CSRC to change its business scope, marking the completion of its integration in South China, focusing on wealth management in specific provinces [1] - The integration process took six years, with the application submitted in October 2025 and physical network integration completed in March 2024, which is expected to enhance operational efficiency [1] Group 2 - Recent stock performance shows CITIC Securities' A-share price has been fluctuating downwards, closing at 27.62 yuan on February 13, 2026, with a single-day decline of 0.90% and a trading volume of 3.033 billion yuan [2] - The stock has faced net outflows from major funds, with 900.877 million yuan on February 11 and 251 million yuan on February 13, while retail investors have been net buyers [2] - The securities sector declined by 1.03%, and the Shanghai Composite Index fell by 1.26% during the same period [2] Group 3 - CITIC Securities highlighted that refinancing measures have been optimized to cover multiple exchanges, creating a coordinated market environment, and suggested focusing on securities firms with strong investment banking capabilities and rich project reserves [3] - The analysis emphasizes that policies are aimed at supporting high-quality and technology innovation enterprises, providing development opportunities for brokerage investment banking businesses [3]