Gelonghui, November 14 | According to the CITIC Securities Research Report, the Q3 performance of Bank of China Securities (601696.SH) declined month-on-month, but the performance of the wealth management business was relatively stable. Bank of China International Holdings, the majority shareholder of the company, is a wholly-owned subsidiary of the Bank of China, and its degree of globalization and integration is at the forefront of the industry. The company is expected to leverage the collaborative advantages of “investment bank+commercial bank” to meet the comprehensive financial service needs of shareholders and related enterprises while also relying on shareholder resources to enhance its core competitiveness. The current PB of Bank of China Securities is 1.8 times, which is basically the same as the average PB of the four comparable companies Guolian Securities, Nanjing Securities, Caida Securities, and Huaan Securities.
研报掘金丨中信证券：中银证券Q3财富管理业务具备韧性，有望发挥“投行+商行”的协同优势
Research Report Nuggets | CITIC Securities: Bank of China Securities's Q3 wealth management business is resilient and is expected to give full play to the collaborative advantages of “investment banks+commercial banks”
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