The full name of CITIC Securities is CITIC Securities Co., Ltd., the controlling shareholder is China CITIC Group, and the actual controllers of CITIC Group are People's Republic of China (PRC) and the Ministry of Finance, so CITIC Securities Company is a state-owned enterprise.
Citic Securities Co., Ltd. was established in 1995, which is the first batch of comprehensive securities companies approved by China Securities Regulatory Commission. The main business scope of CITIC Securities Co., Ltd. includes: acting as an agent to buy and sell securities, acting as an agent to repay principal and interest, paying dividends, acting as an agent to keep and verify securities, underwriting securities, managing customer assets, and acting as an agent to register and open accounts.
Main differences between state-owned enterprises and central enterprises
1, directly under the jurisdiction of different departments.
Usually, state-owned enterprises are managed by local governments and directly controlled by local state-owned assets management committees. Central enterprises are directly managed by the State Council, controlled by SASAC, Ministry of Finance and Central Huijin Company under the jurisdiction of the State Council, and some heads of central enterprises are employed by the Central Organization Department.
2. Different concepts
All state-owned enterprises can be counted as state-owned enterprises, but not all state-owned enterprises are state-owned enterprises. State-owned enterprises refer to some state-owned enterprises directly managed by the State Council.
3. The scale of enterprises is different.
Central enterprises are mostly large group companies, enterprises owned by the whole people in the true sense, and the pillars of the national economy. State-owned enterprises are generally enterprises controlled by local governments, with small profit scale and small number of employees, and only have certain influence at the local level.