券商中国·2026-01-11 09:39Core Viewpoint - The article discusses the recent adjustments made by CITIC Securities regarding its business operations, particularly the reduction of certain business types and the regional adjustments in its margin financing and securities lending services following the acquisition of Guangzhou Securities [1][2][4]. Group 1: Business Adjustment Applications - In October 2022, CITIC Securities submitted two applications to the China Securities Regulatory Commission (CSRC) to reduce certain business types, including securities brokerage, investment consulting, and asset management [2][3]. - The CSRC accepted these applications in November 2022, which led to various speculations in the market due to the broad scope of the proposed reductions [2][3]. Group 2: Regional Business Changes - The CSRC indicated that CITIC Securities plans to exclude the regions of Guangdong (excluding Shenzhen), Guangxi, Hainan, Yunnan, and Guizhou from its margin financing operations, which is part of a normal business adjustment following the acquisition of Guangzhou Securities [3][4]. - The adjustments are aimed at avoiding potential conflicts of interest and competition between CITIC Securities and its subsidiaries, as per regulatory requirements [4][5]. Group 3: Integration of Guangzhou Securities - Guangzhou Securities was established in 1988 and was merged into CITIC Securities in January 2020, subsequently renamed CITIC Securities South China [4]. - Following the acquisition, CITIC Securities has been restructuring its business operations to delineate the roles of its subsidiaries and ensure compliance with regulatory standards [4][5]. - The integration process has been completed, with CITIC Securities South China now managing 21 branches in the South China region, providing a range of financial services [5].