China Citic Bank and Citic Securities, of which Citic Corporation controls 65.4% and 15.4% shareholdings respectively, have posted a net profit of CNY11.4 billion (US$1.7 billion) and CNY3.9 billion (US$583m) for the third quarter ended 30 September – down 10.3% and 7.1% year-on-year (YoY) respectively.
As an issuer group, Citic Group is a top 10 manufacturer in the Chinese structured product market with 146 structured products worth US$2.1 billion, a market share of 3.73%. Citic Group is part of a group of second tier issuers in terms of issuance and sales behind the top providers who make up half of the market share (China Merchants Bank, Agricultural Bank of China, HSBC and China Guangfa Bank). SRP data also shows that Citic Group has already increased the overall sales volume achiev
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