CITIC Futures Company

　　

CITIC Futures Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　CITIC Futures Company, a prominent player in the financial services sector, was established on March 30, 1993. Originally known as Yue Gang Futures Co., Ltd., the company has undergone significant transformations, including a complete acquisition by CITIC Securities in 2007, which has propelled its growth and market presence.

　　

Parent Company/Ownership Structure

　　CITIC Futures is a wholly-owned subsidiary of CITIC Securities Co., Ltd., one of Chinas leading investment banks. CITIC Securities has been instrumental in supporting CITIC Futures in its operational and strategic endeavors, providing a strong financial backbone and extensive resources.

　　

Headquarters Location

　　The company is headquartered in Shenzhen, Guangdong, China. The address is Room 1301-1305, 14th Floor, North Block, Times Square Excellence (Phase II), No. 8 Zhongxin 3rd Road, Futian District, Shenzhen, 518048, China.

　　

Global Business Scope

　　CITIC Futures primarily focuses on commodity and financial futures brokerage, futures investment consulting, asset management, and fund sales. With a robust network of 50 branches across major Chinese cities, including Beijing, Shanghai, Guangzhou, and Hangzhou, the company serves a diverse clientele, including institutional investors and individual traders.

　　

Main Regulatory Bodies

　　CITIC Futures operates under the oversight of several regulatory bodies, including:

• China Securities Regulatory Commission (CSRC)
• Shanghai Futures Exchange
• Zhengzhou Commodity Exchange
• Dalian Commodity Exchange
• China Financial Futures Exchange

　　These memberships affirm the companys compliance with the regulatory standards in the financial sector.

　　

2. Company History and Development

　　

Key Milestones

• 1993: Establishment of Yue Gang Futures Co., Ltd.
• 2007: Acquisition by CITIC Securities and rebranding to CITIC Securities Futures.
• 2011-2014: Mergers with Zhejiang Xinhua Futures Brokerage Co., Ltd. and CITIC Newedge Futures Co., Ltd.
• 2021: Achieved RMB 15.099 billion in operating revenue and RMB 992 million in net profit.

　　

Business Expansion Journey

　　CITIC Futures has expanded its services and market reach significantly since its inception. The acquisition by CITIC Securities provided the necessary capital and strategic direction to diversify its offerings. The company has also established a strong presence in the futures market, becoming a member of multiple exchanges and a leading player in the industry.

　　

Customer Base Growth

　　The customer base of CITIC Futures has grown considerably, driven by its comprehensive service offerings and reputation for reliability. The company has garnered a substantial number of institutional clients, leveraging its parent company's extensive network and resources.

　　

Platform Development History

　　CITIC Futures has invested in technology to enhance its trading platforms and services. The company provides a user-friendly trading interface, customizable charts, and high-speed execution capabilities, catering to both retail and institutional clients.

　　

Important Awards or Recognitions Received

　　CITIC Futures has received numerous accolades, including:

• Gold Award for Outstanding Member from the Shanghai Futures Exchange (2021)
• Best Financial Futures Service Provider (2021)
• Excellent Wealth Manager of China (multiple years)

　　These awards underscore the company's commitment to excellence and its leadership in the futures brokerage industry.

　　

3. Trading Services Offered

　　

Forex Trading Options

　　CITIC Futures provides a range of forex trading options, though specific details regarding the number of currency pairs are not publicly disclosed. The platform supports trading in major currency pairs, catering to both retail and institutional clients.

　　

Stock Trading Options

　　While CITIC Futures primarily focuses on futures trading, it also offers stock trading services, allowing clients to engage in various equity markets.

　　

CFD Trading Products

　　CITIC Futures offers Contracts for Difference (CFDs), enabling clients to trade on price movements of various assets without owning the underlying asset. This includes commodities and indices, providing traders with flexibility and diverse trading strategies.

　　

Other Financial Instruments

　　The company provides access to various financial instruments, including:

• Commodities: Trading in agricultural products, metals, and energy resources.
• Indices: Offering trading options in major stock indices.
• OTC Options: Providing over-the-counter options to cater to sophisticated trading strategies.

　　

Special Services or Unique Advantages

　　CITIC Futures distinguishes itself through its comprehensive risk management services and investment consulting. The companys affiliation with CITIC Securities allows it to leverage extensive resources and expertise, enhancing its service offerings.

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　CITIC Futures is regulated by several key bodies:

• China Securities Regulatory Commission (CSRC)
• Shanghai Futures Exchange
• Zhengzhou Commodity Exchange
• Dalian Commodity Exchange
• China Financial Futures Exchange

　　These regulatory affiliations ensure that CITIC Futures adheres to stringent standards of operation and client protection.

　　

Legal Entity Structure by Region

　　CITIC Futures operates as a legal entity under CITIC Securities, with distinct operational branches across China. The company has also established a presence in Hong Kong through CITIC Futures International Co., Ltd.

　　

Client Fund Protection Measures

　　CITIC Futures implements robust measures to protect client funds, including segregation of client assets and adherence to regulatory capital requirements. These practices are designed to safeguard investor interests and enhance trust in the company.

　　

Countries/Regions Served

　　CITIC Futures primarily serves clients within China but has extended its services to international markets through its Hong Kong subsidiary, catering to a broader clientele.

　　

Compliance History

　　The company maintains a strong compliance record, consistently meeting the regulatory requirements set forth by the CSRC and other governing bodies. This commitment to compliance has contributed to its reputation as a reliable and trustworthy brokerage.

　　

5. Competitive Landscape

　　

Main Competitors

　　CITIC Futures faces competition from several key players in the futures brokerage industry, including:

• Huatai Securities
• China Merchants Jinling Futures
• Everbright Futures
• Guotai Junan Futures

　　

Positioning in the Industry

　　CITIC Futures is positioned as a leading comprehensive derivative service provider in China, known for its strong market presence, extensive service offerings, and commitment to client satisfaction.

　　

Market Differentiation Factors

　　The company differentiates itself through:

• Robust Regulatory Compliance: Adherence to stringent regulations enhances client trust.
• Comprehensive Service Offerings: A wide range of trading options and investment services caters to diverse client needs.
• Strong Parent Company Support: Backing from CITIC Securities provides financial stability and access to extensive resources.

　　In conclusion, CITIC Futures Company stands out as a key player in the financial services industry, leveraging its rich history, robust regulatory framework, and comprehensive service offerings to maintain its leadership position. For further information on CITIC Futures, please visit their official website.

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