China Finance Online Co. Limited announced its ceremonial signing of a strategic cooperation agreement with CITIC Securities. At the signing ceremony, China Finance Online and CITIC Securities announced that both parties will be committed to a long-term and comprehensive strategic cooperation on investment advisory and wealth management services by applying more intelligent finance technologies.

Under the agreement, both parties will cooperate in the area of investment advisory services, and China Finance Online will provide CITIC Securities' investment advisors with proprietary cloud-based software products. Both parties will cooperate to carry out intelligent asset allocation research to enhance their wealth management capabilities. CITIC Securities has made Fintech a core priority to enhance its investment advisory services, and to promote the transition of the brokerage business to the wealth management business.