China's CITIC Securities Q3 profit falls 20.2% on weak stock market

CITIC Securities

26/10/2026 09:42

BEIJING, Oct 26 (Reuters) - China's CITIC Securities 600030.SS6030.HK on Monday reported a 20.2% fall in third-quarter net profit, missing analysts' estimates, as a weaker stock market hit investment income. 
Net profit for the three months ended September 30 fell to 7.68 billion yuan, below analysts' mean estimate of 10.05 billion yuan, according to LSEG data.
The broker's investment income fell 45.25% to 17.978 billion yuan in the first nine months this year, as Chinese stocks suffered a decline amid a global selloff of AI-related stocks.
China's broad blue-chip index .CSI300 fell 12% during the third quarter, and Shanghai's tech-focused STAR50 index .STAR50 declined 31%.
Net fee income from brokerage business rose 34.65% year-on-year to 14.73 billion yuan in the first nine months of this year, while asset management rose 24.86%.
Investment banking fees and commissions rose 38.9% to 5.124 billion yuan in the nine months ended September 30, as robust IPO momentum in the mainland and Hong Kong markets persists.  
CITIC's Hong Kong-listed shares closed down 0.56% at HK$21.12 before the earnings release, versus a 0.51% rise in the benchmark index .HSI.
Consolidation in China's brokerage industry has accelerated this year as Beijing looks to build globally competitive investment banks ​and asset managers.

 (Reporting by Beijing Newsroom; Editing by Toby Chopra)
 ((Ziyi.Tang@thomsonreuters.com;))