Peng Wensheng joins Citic Securities

Peng Wensheng has joined Citic Securities as global chief economist and head of research, according to an internal memo seen by FinanceAsia.

The move confirms a report by FinanceAsia in October, which reported that Peng would leave his role as chief economist at CICC, the Chinese investment bank, and be replaced by Liang Hong.

At Citic, China’s largest brokerage by assets, Peng will be responsible for the research team, promoting macroeconomic research in both domestic and international markets. Peng is based in Hong Kong.

Also, he will drive the cooperation with the research and institutional sales teams of CLSA,...