Chairman Liu Cheng of CITIC Securities: Speed up the creation of a "value investment bank" and unify functionality and profitability.

Chairman Liu Cheng of Citic Securities said on November 11 at the "2026 Capital Market Summit and China-Saudi Investment Cooperation Forum" that "value investment banking" is the fundamental principle of securities institutions' development and the foundation for building first-class investment banks. It is necessary to unify functionality and profitability, and to unify the creation of value for shareholders, employees, and society. He mentioned that corporate management should fully incorporate social value demands into market value demands, shifting from a mindset of "exchange and game" to a mindset of "symbiosis and co-creation"; stakeholders should be seen as partners in value creation, rather than costs to manage or risks to avoid, in order to enhance overall social value through optimal resource allocation.