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  1. No2 at top think-tank tipped to head CICC

    Posted Feb 15th 2008, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Li Jiange, a senior official at Beijing's top think-tank, is a serious candidate to head China International Capital Corp (CICC), the mainland's leading ... of vice-minister. The move reflects Beijing's determination to consolidate CICC's leading position in underwriting share sales as Morgan Stanley, which owns 34.3 per cent of the joint-venture ...

  2. Morgan Stanley puts CICC stake sale on ice after offers disappoint

    Posted Mar 26th 2008, 12:00am by Staff Reporter

    ... offers from potential buyers, sources said. 'It's not moving forward,' said one source who had placed a bid. 'It's on ice.' Spokesmen at Morgan Stanley and CICC ... working with CICC management- which intended to raise its stake in the company- and its remaining shareholders. 'The valuation just kept dropping,' said one source. 'The real ...

  3. CICC stake sale sparks investor interest

    Posted Jan 16th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster Slew of players eager to replace Morgan Stanley The sale of Morgan Stanley's stake in mainland investment bank China International Capital Corp (CICC) has attracted ... Investment, a CICC shareholder with a 43 per cent stake, is one of the domestic players expressing interest, sources said. Jianyin is indirectly owned by China Investment Corp (CIC), a US$200 billion ...

  4. Citic Securities and CICC beat global investment banking giants

    Posted Jun 13th 2008, 12:00am by Tom Miller

    ... according to Thomson Financial data. But Citic Securities, which dominated the table, saw its earnings shoot up 65.1 per cent to US$111.8 million, more than twice that of second-ranked CICC, which ... and acquisitions contributed 54.1 per cent, a reversal of the situation last year when share offerings were the big money-spinner. Despite this year's stock market slump, Citic Securities and CICC ...

  5. Construction Bank eyes brokerage merger to compete with key rivals

    Posted Jun 16th 2008, 12:00am by Staff Reporter

    ... shareholder, the likelihood of the two merging was high. CICC's key shareholder, China Jianyin Investment Ltd, is also a majority shareholder in China Jianyin Investment Securities. China Jianyin Investment Ltd was spun off as an investment company from China Construction Bank in 2004 and has a 43.35 per cent stake in CICC and other non-commercial bank businesses formerly held by China ...

  6. Mainland likely to cut lending cost, taxes to guard against slowdown

    Posted Oct 08th 2008, 12:00am by Staff Reporter

    ... said Ha Jiming, the chief economist of China International Capital Corp (CICC). 'Although the schedule shows it will focus on rural reforms, we expect the issue of economic and financial ... rate to as low as 5.85 per cent next year from 7.2 per cent now, Morgan Stanley economist Wang Qing said. CICC expects the rate to be lowered to 6 per cent in 12 months, with a cut of 27 basis ...

  7. Citic Bank earnings grow 97.6pc on increased loans, commissions

    Posted Oct 31st 2008, 12:00am by Staff Reporter

    ... and a medium level of loans to property developers'. CICC expects net profit to fall 4 per cent next year as net interest margins shrink and fee and commission growth slows. 'We expect ... cuts,' said CICC analyst Mao Junhua. ...

  8. Mainland banks' earnings growth expected to slow

    Posted Oct 24th 2008, 12:00am by Staff Reporter

    ... but weakened loan demand would hurt their bargaining power and net interest margin,' CICC analyst Mao Junhua said. The 14 publicly traded lenders reported an average of 67 per cent gain in profit ... from levels in the first half of this year, while CICC forecasts a 61 basis point contraction. Another concern is loan quality, as bad loans may pile up since many small and medium-sized firms ...

  9. Forum delegates told of silver lining in storm clouds

    Posted Sep 29th 2008, 12:00am by Staff Reporter

    ... chairman Li Jiange said: 'CICC's capital scale is small. If our biggest shareholder Central Huijin decides to make US acquisitions, we are willing to do so.' CICC, established ... State-owned Central Huijin Investment unit China Jianyin Investment holds a 43 per cent stake in CICC. In addition to reaching potential partners, participants took the platform to promote brands. ...

  10. Zhou calls for domestic stimulus policies as global recession looms

    Posted Oct 17th 2008, 12:00am by Staff Reporter

    ... points, CICC said. 'We think the monetary policy's effect will be limited. When the economy is on the downward track of a cycle, loan demand will shrink significantly,' CICC said ...




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