Cicc investment banking

Cicc investment banking DEFAULT

Chinese investment bank CICC jumps 33% in its Shanghai debut

SHANGHAI/HONG KONG, Nov 2 (Reuters) - China International Capital Corp surged 33% in its debut on the Shanghai stock exchange on Monday as investors bet the country’s fifth-biggest securities firm will benefit from a government push to accelerate capital market reforms.

One of the lead underwriters for the world’s biggest IPO from Ant Group , CICC raised roughly $2 billion in its own share offering to fund expansion plans.

Its shares rose as much as 44%, the limit allowed for debuts on Shanghai’s main board, although they later pared gains to stand at 37.7 yuan. Even so, its Shanghai shares are currently trading at a premium of 144% to its Hong Kong-listed shares.

Companies which have dual listings for Hong Kong and Shanghai will typically see a very large premium for their shares in Shanghai, where trade is dominated by retail investors. The current average premium is 44%.

Benefiting from a flurry of new listings in China, CICC ranks 5th globally for underwriting IPOs so far this year, compared with 9th a year earlier, according to Refinitiv data.

Ant’s IPO, which has raised $37 billion including a greenshoe option, will further boost CICC’s fee earnings and global league table rankings this year.

But CICC also faces growing competition after China in April fully opened up its securities sector, enabling global banks such as JPMorgan, Goldman Sachs and UBS to move toward full ownership of their China businesses.

CICC said in a statement on Monday it will solidify its strength in investment banking and trading, while ramping up growth for its wealth management business.

It was established in 1995 as China’s first investment banking joint venture with a foreign firm, counting Morgan Stanley as a major shareholder. Morgan Stanley exited CICC in 2010. ($1 = 6.6892 Chinese yuan) (Reporting by Samuel Shen in Shanghai and Scott Murdoch in Hong Kong; Editing by Edwina Gibbs)

Sours: https://www.reuters.com/article/china-cicc-debut/chinese-investment-bank-cicc-jumps-33-in-its-shanghai-debut-idUSL4N2HO1MT

China International Capital Corporation

China International Capital Corporation.png

Native name

中国国际金融股份有限公司
TypePublic

Traded as

SEHK: 3908 (H share)
IndustryBanking, Financial services
Founded1995; 26 years ago (1995)
HeadquartersChina World Office 2,
1 Jianguomenwai Avenue,
Chaoyang District,
Beijing, China

Key people

Ding Xuedong (Chairman)
Bi Mingjian (CEO)
ProductsAsset management, investment banking, investment management, mutual funds, wealth management

Number of employees

4,200 (2015)
Websitecicc.com

China International Capital Corporation Limited (CICC; 中国国际金融股份有限公司) is one of China's leading investment banking firms that engages in investment banking, securities, investment management, and other financial services primarily with institutional clients.

CICC was founded in 1995 and is headquartered at China World Office 2, Jianguomen Outer Street, Beijing, China. It also has offices in Shanghai, Hong Kong, Singapore, London, and New York City. The firm provides equity and debtunderwriting, mergers and acquisitions advisory, equity sales and trading, and fixed income, commodities and currency services to its clients. It also has a diversified investment management platform that includes asset management, mutual fund, fund of funds, and private equity.

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 a 42.5% and 35% interest, 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. 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, and was also the largest IPO in Asia in 1997 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]

Notable former employees[edit]

See also[edit]

References[edit]

Further reading[edit]

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

External links[edit]

Sours: https://en.wikipedia.org/wiki/China_International_Capital_Corporation
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This website is intended for Hong Kong residents only. Non-Hong Kong residents are responsible for observing all applicable laws and regulations of their relevant jurisdictions before accessing the information contained herein.

This website is provided for information purposes and is not designed to satisfy any particular regulatory requirements in any jurisdiction. China International Capital Corporation Hong Kong Asset Management Limited and/or its affiliates (collectively "CICCHKAM") is providing the information for the viewers solely for general information purposes, without taking into account your investment objectives, personal circumstances or needs. The information contained herein has not been reviewed by the SFC and any regulatory authorities in any jurisdiction. The information contained in this website is not professional advice and should not be relied upon by any person. This website and any information contained in it is not intended to and does not constitute an offer, solicitation or invitation to subscribe for any products or securities.

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Investment involves risk. Past performance information is not indicative of future performance. Please read the offering document for further details, including the risk factors. Investors should not invest based on this website alone. Any forward looking statement in this website is necessarily based on certain assumptions and conditions which may or may not be consistent with future reality and therefore there is no guarantee any such statement will become true.

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Sours: https://en.cicc.com/cmscontent/323.html
Advice for Investment Banking Analysts How to Pick an Industry Group

China International Capital Corporation Limited (CICC, 601995.SH, 3908.HK) is China’s first joint-venture investment bank and a pioneer of adopting the best international practices in China. Our track record of professional services includes a number of precedent-setting transactions, demonstrating our deep participation in China’s economic reform and development. Our goal is to grow with our clients and become a top financial institution with global influence.

Since CICC's inception in 1995, our commitment has been to provide high quality, value-added financial services for our clients. We have established a full-service business model that offers investment banking, equities, FICC, asset management, private equity and wealth management services, all of which are based on our comprehensive research coverage and information technology.

Thanks to our expertise in economics, industrial development and laws and regulation as well as our high quality service, CICC has received numerous national and international awards, including the Best Asian Bank of the Year, Best Investment Bank in China, Best Sales Service Team, Most Influential Research Institution, and Best ESG.

In 2015, CICC was listed on the main board of the Hong Kong Stock Exchange. In 2017, China CICC Wealth Management Securities Company Limited (CICC Wealth Management Securities, then known as China Investment Securities) became a CICC wholly owned subsidiary, significantly boosting our overall scale and capital strength. Additionally, we broadened our client base, deepened our market penetration into enterprises of all sizes, expanded our portfolio of institutional and individual clients, and built a balanced business structure spanning the primary and secondary markets. In 2018, CICC successfully introduced Tencent as a strategic investor and in 2020, CICC was listed on the Main Board of Shanghai Stock Exchange.

Headquartered in Beijing, we have a number of subsidiaries across Chinese mainland and have established branch companies in Shanghai, Shenzhen, Xiamen, Chengdu, Hangzhou and Jinan with more than 200 securities branches across 28 provinces and municipalities nationwide.

We are also active overseas with offices in Hong Kong, New York, London, Singapore, San Francisco, Frankfurt and Tokyo. Our extensive network and cross-border business practices have enabled us to provide a full range of financial services for our clients.

As an investment bank with Chinese roots and international reach, we are committed to providing first-class financial services for our clients in both domestic and overseas markets and helping our clients achieve their goals.

 

Sours: https://en.cicc.com/cmscontent/2.html

Banking cicc investment

Our Investment Banking Department (IBD) is committed to establishing a long-term partnership of mutual trust and benefit with high profile clients, including state-owned and privately held enterprises, government agencies and multinational financial institutions.

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Since being established in 1997, CICC’s Equities Department (EQ) has distinguished itself as a leader in providing investment-banking services to domestic and global investors seeking access to China’s markets.

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Our clients receive in-depth, multifaceted research analysis as well as advice on trading opportunities, consultation, and information about innovative products. Our extensive institutional sales coverage and broad client base support the underwriting of fixed income securities.

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CICC’s wealth management business was established in 2007 and a pioneer in this business among Chinese securities firms. CICC was the first to develop the wealth-management business model in China of delivering customized products and services to high-net-worth individuals and corporate clients.

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CICC Asset Management Department (CICC AM) is committed to providing comprehensive services with highest industry standards for clients to achieve sustainable long-term competitive returns as well as other financial goals.

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CICC Capital dedicates to become a private equity fund management platform which possesses strong brand influence, outstanding financing and investment capabilities as well as comprehensive middle and back office functions.

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Our research team focuses on global markets. We research and analyze macroeconomic fundamentals, market strategies, stocks, and commodities for domestic and international clients through CICC’s global platform.

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Sours: https://en.cicc.com/
Investment Banking Explained (M\u0026A, ECM, DCM, Leveraged Finance and Restructuring)

China International Capital Corp Ltd

About China International Capital Corp Ltd

China International Capital Corp Ltd is a China-based company mainly provides investment banking services to domestic and overseas enterprises, institutions and individuals. The Company mainly operates its businesses through six segments. The Investment Banking segment mainly provides equity financing, debt and structured financing and financial consulting services for enterprises and institutions. The Stock segment mainly provides comprehensive financial services for stock business to professional investors. The Fixed Income segment mainly provides interest rate and foreign exchange, credit business, securitization business, derivatives and futures business. The Investment Management segment is mainly engaged in asset management business, fund management business and private equity investment fund business. The Wealth Management segment mainly provides wealth management products and services. The Research segment mainly provides research services to customers.

Executive Leadership

Rujun Shen

Non-Executive Chairman of the Board

Zhaohui Huang

Chief Executive Officer, Executive Director, Chairman of the Management Committee

King Fung Wong

Chief Financial Officer and Member of the Management Committee

Gang Chu

Chief Operating Officer, Member of the Management Committee

Chen Gang

Chief Compliance Officer

Key Stats

1.71 mean rating - 21 analysts

Revenue (MM, CNY)
EPS (CNY)

Price To Earnings (TTM)

8.09

Price To Sales (TTM)

4.53

Price To Book (MRQ)

0.94

Price To Cash Flow (TTM)

17.80

Total Debt To Equity (MRQ)

311.41

LT Debt To Equity (MRQ)

172.27

Return on Investment (TTM)

5.28

Return on Equity (TTM)

1.74
Sours: https://www.reuters.com/companies/3908.HK

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