1997, the Qingdao Municipal Finance Bureau invested 45 million yuan and changed its name to "Qingdao Wantong Securities Co., Ltd.". In 2000, it increased its capital to RMB 55,654,380+0,980, and changed its name to "Wantong Securities Co., Ltd.". In February, 2002, CITIC Securities Co., Ltd. implemented the capital increase and reorganization, which was completed in February, 2003. In April 2004, it was renamed as "citic wantong Securities Co., Ltd." with a registered capital of 800 million yuan. As of September 20 13 16, the shareholding ratio of CITIC Securities Co., Ltd. was 100%. On April 5, 20 14, the company was renamed CITIC Securities (Shandong) Co., Ltd.