CITIC Securities Co Ltd , China's biggest brokerage, plans to spend up to 2 billion yuan ($325.97 million) to acquire a 10 percent stake in China Asset Management, the country's top fund management company.

   CITIC Securities will buy the stake from Wuxi Guolian Development Group and will hold 59 percent of China Asset Management when the acquisition is complete, the securities firm said in a filing to the Shanghai Stock Exchange.