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China International Capital Corporation

November 23, 2023

China International Capital Corporation Limited (CICC; 中国国际金融股份有限公司) is a Chinese partially state-owned multinational investment management and financial services company. Founded in China in 1995, CICC provides investment banking, securities and investment management services to corporations, institutions and individuals worldwide.

China International Capital Corporation Limited
Headquarters in Beijing
Native name
中国国际金融股份有限公司
TypePublic; State-owned enterprise
IndustryBanking, Financial services
Founded1995; 28 years ago (1995)
HeadquartersChina World Office 2,
1 Jianguomenwai Avenue,
Chaoyang District,
Beijing, China
Key people
Shen Rujun(Chairman)
Huang Zhaohui(CEO)
ProductsInvestment banking, Equities, FICC, Asset management, Private Equity Investment, Wealth management, Research
Number of employees
13,557 (2021)
Websitecicc.com

As the first international joint-venture investment bank in China, CICC provides domestic, overseas, and cross-border financial services including investment banking, equities, FICC, asset management, private equity investment, wealth management and research.[citation needed]

Headquartered in Beijing, CICC has over 200 branches in Mainland China and offices in Hong Kong, Singapore, New York City, London, San Francisco, Frankfurt and Tokyo.

History edit

On July 31, 1995, CICC was incorporated by China Construction Bank, Morgan Stanley, China National Investment and Guaranty Co Ltd, GIC, and the Mingly Corporation, as the first Sino-foreign joint venture investment bank. At the time of CICC's incorporation, China Construction Bank and Morgan Stanley were its largest shareholders, with 42.5% and 35% of interests, respectively.

In 1997, CICC established its first overseas subsidiary in Hong Kong, through which CICC became the first Chinese investment bank conducting securities underwriting business in Hong Kong. In 1997, CICC completed its first overseas initial public offering project, the IPO of China Mobile on the Hong Kong Stock Exchange, which marked the beginning of the restructuring and overseas listing of large state-owned enterprises directly under the State Council of China. It was also the largest IPO in Asia as well as the largest IPO of China-based companies ever up until the end of 1997.[1]

In 2004, China Construction Bank transferred its equity interest to China Jianyin Investment, which later transferred that to China Central Huijin, a wholly owned subsidiary of China Investment Corporation. In 2010, Morgan Stanley sold its holdings to TPG, KKR, GIC and Great Eastern.[2] CICC established its FICC division, and was one of the earliest investment banks to conduct fixed income business in China.

In 2007, CICC set up its wealth management division, and was one of the earliest investment banks to engage in wealth management business in China.

In 2010, CICC became the first investment bank to obtain approval from the China Securities Regulatory Commission to raise and manage private equity funds.

In 2015, CICC was converted into a joint stock company with limited liability whose top three shareholders were Huijin, GIC and TPG. In November 2015, CICC completed its own IPO on the Hong Kong Stock Exchange.[3]

In 2016 CICC acquired China Investment Securities from Central Huijin in an all-share deal.[4]

In 2017, CICC acquired a majority stake (50+%) in US KraneShares, a leading exchange-traded fund provider that focuses on Chinese listed companies, with its biggest fund (KWEB) focused on Chinese Internet companies.[5] In 2017, giant Chinese internet company, Tencent acquired a 5% stake in CICC.[6]

In 2020, CICC became a listed company in China A-share market.

Divisions edit

CICC's major business segments: Investment Banking, Equities, Fixed Income, Private Equity, Asset Management, Wealth Management and Research.

Shareholding Structure edit

As of October 31, 2021, its shareholding structure was as follows:[7]

Notable former employees edit

See also edit

References edit

  1. ^ "1997: China Telecom's US$4.2bn IPO: landmark privatisation". IFRe. Retrieved 2016-02-06.
  2. ^ "Morgan Stanley Receives Regulatory Approvals for CICC Stake Sale". Morgan Stanley. Retrieved 2016-02-06.
  3. ^ "Prospectus: Global Offering" (PDF).
  4. ^ "CICC acquires China Investment Securities for US$2.5 billion". The Gulf Time Emirates Business. 5 November 2016. Retrieved 8 October 2020.
  5. ^ "BRIEF-China's CICC to acquire majority stake in U.S. asset management firm KraneShares". Reuters. 10 July 2017. Retrieved 8 October 2020.
  6. ^ "Tencent's stake purchase boosts CICC shares to all-time high". Reuters. 20 September 2017. Retrieved 8 October 2020.
  7. ^ "Shareholding Structure of CICC".
  8. ^ Venkat, P. R. "Temasek Taps CICC Heavyweight for China Operation". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-02-05.
  9. ^ Hughes, Jennifer. "China's rainmakers head for cover". Financial Times. ISSN 0307-1766. Retrieved 2016-02-05.
  10. ^ Ho, Prudence. "CICC Chairman Jin Liqun Resigns". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-02-05.
  11. ^ Barboza, David (14 October 2014). "Longtime Chief Leaves C.I.C.C., a Major Chinese Investment Bank". DealBook. Retrieved 2016-02-06.

Further reading edit

McGregor, James (2005). One Billion Customers: Lessons from the Front Lines of Doing Business in China. New York: Free Press. ISBN 978-0743258418.

November 23, 2023
china, international, capital, corporation, limited, cicc, 中国国际金融股份有限公司, chinese, partially, state, owned, multinational, investment, management, financial, services, company, founded, china, 1995, cicc, provides, investment, banking, securities, investment, m. China International Capital Corporation Limited CICC 中国国际金融股份有限公司 is a Chinese partially state owned multinational investment management and financial services company Founded in China in 1995 CICC provides investment banking securities and investment management services to corporations institutions and individuals worldwide China International Capital Corporation LimitedHeadquarters in BeijingNative name中国国际金融股份有限公司TypePublic State owned enterpriseTraded asSEHK 3908SSE 601995IndustryBanking Financial servicesFounded1995 28 years ago 1995 HeadquartersChina World Office 2 1 Jianguomenwai Avenue Chaoyang District Beijing ChinaKey peopleShen Rujun Chairman Huang Zhaohui CEO ProductsInvestment banking Equities FICC Asset management Private Equity Investment Wealth management ResearchNumber of employees13 557 2021 Websitecicc wbr comAs the first international joint venture investment bank in China CICC provides domestic overseas and cross border financial services including investment banking equities FICC asset management private equity investment wealth management and research citation needed Headquartered in Beijing CICC has over 200 branches in Mainland China and offices in Hong Kong Singapore New York City London San Francisco Frankfurt and Tokyo Contents 1 History 2 Divisions 3 Shareholding Structure 4 Notable former employees 5 See also 6 References 7 Further readingHistory editOn July 31 1995 CICC was incorporated by China Construction Bank Morgan Stanley China National Investment and Guaranty Co Ltd GIC and the Mingly Corporation as the first Sino foreign joint venture investment bank At the time of CICC s incorporation China Construction Bank and Morgan Stanley were its largest shareholders with 42 5 and 35 of interests respectively In 1997 CICC established its first overseas subsidiary in Hong Kong through which CICC became the first Chinese investment bank conducting securities underwriting business in Hong Kong In 1997 CICC completed its first overseas initial public offering project the IPO of China Mobile on the Hong Kong Stock Exchange which marked the beginning of the restructuring and overseas listing of large state owned enterprises directly under the State Council of China It was also the largest IPO in Asia as well as the largest IPO of China based companies ever up until the end of 1997 1 In 2004 China Construction Bank transferred its equity interest to China Jianyin Investment which later transferred that to China Central Huijin a wholly owned subsidiary of China Investment Corporation In 2010 Morgan Stanley sold its holdings to TPG KKR GIC and Great Eastern 2 CICC established its FICC division and was one of the earliest investment banks to conduct fixed income business in China In 2007 CICC set up its wealth management division and was one of the earliest investment banks to engage in wealth management business in China In 2010 CICC became the first investment bank to obtain approval from the China Securities Regulatory Commission to raise and manage private equity funds In 2015 CICC was converted into a joint stock company with limited liability whose top three shareholders were Huijin GIC and TPG In November 2015 CICC completed its own IPO on the Hong Kong Stock Exchange 3 In 2016 CICC acquired China Investment Securities from Central Huijin in an all share deal 4 In 2017 CICC acquired a majority stake 50 in US KraneShares a leading exchange traded fund provider that focuses on Chinese listed companies with its biggest fund KWEB focused on Chinese Internet companies 5 In 2017 giant Chinese internet company Tencent acquired a 5 stake in CICC 6 In 2020 CICC became a listed company in China A share market Divisions editCICC s major business segments Investment Banking Equities Fixed Income Private Equity Asset Management Wealth Management and Research Shareholding Structure editAs of October 31 2021 its shareholding structure was as follows 7 40 17 Central Huijin Investment Ltd 30 74 HKSCC Nominees Limited 8 26 Haier Group Qingdao Financial Holdings Ltd 4 49 Alibaba Group Holding Limited 4 48 Tencent Holdings Limited 2 64 China National Investment and Guaranty Corporation 0 38 Hong Kong Securities Clearing Company Limited 0 32 China Reform Investment Co Ltd 0 32 China Structural Reform Fund Corporation Limited 0 29 Abu Dhabi Investment Authority 7 92 Other Public Shareholders A H shares Notable former employees editWang Qishan Vice President of the People s Republic of China Wu Jinglian Chinese economist Xu Xiaonian Professor of Economics and Finance at China Europe International Business School Bei Duoguang CEO of JPMorgan First Capital Securities Ding Wei Head of Temasek China 8 Fang Fenglei Chairman of Goldman Sachs Gao Hua Securities Chairman of Hopu Investments Ha Jiming Vice Chairman China of Goldman Sachs Private Wealth Management Jiang Guorong Vice Chairman of UBS Asia 9 Jin Liqun President of Asian Infrastructure Investment Bank 10 David X Li Chinese statistician Marshall Nicholson Hong Kong investment banker with BOC International and Nomura Holdings Wu Shangzhi chairman and Managing Partner of CDH Investments Levin Zhu son of Zhu Rongji a former Premier of the People s Republic of China 11 See also editEconomy of China Chinese financial system Banking in China Securities industry in ChinaReferences edit 1997 China Telecom s US 4 2bn IPO landmark privatisation IFRe Retrieved 2016 02 06 Morgan Stanley Receives Regulatory Approvals for CICC Stake Sale Morgan Stanley Retrieved 2016 02 06 Prospectus Global Offering PDF CICC acquires China Investment Securities for US 2 5 billion The Gulf Time Emirates Business 5 November 2016 Retrieved 8 October 2020 BRIEF China s CICC to acquire majority stake in U S asset management firm KraneShares Reuters 10 July 2017 Retrieved 8 October 2020 Tencent s stake purchase boosts CICC shares to all time high Reuters 20 September 2017 Retrieved 8 October 2020 Shareholding Structure of CICC Venkat P R Temasek Taps CICC Heavyweight for China Operation Wall Street Journal ISSN 0099 9660 Retrieved 2016 02 05 Hughes Jennifer China s rainmakers head for cover Financial Times ISSN 0307 1766 Retrieved 2016 02 05 Ho Prudence CICC Chairman Jin Liqun Resigns Wall Street Journal ISSN 0099 9660 Retrieved 2016 02 05 Barboza David 14 October 2014 Longtime Chief Leaves C I C C a Major Chinese Investment Bank DealBook Retrieved 2016 02 06 Further reading editMcGregor James 2005 One Billion Customers Lessons from the Front Lines of Doing Business in China New York Free Press ISBN 978 0743258418 Retrieved from https en wikipedia org w index php title China International Capital Corporation amp oldid 1186200620, wikipedia, wiki, book, books, library,

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