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  1. CICC on retrenchment drive: insider

    Posted Feb 13th 2012, 12:00am

    ... Enoch Yiu and George Chen China International Capital Corporation (CICC), the mainland's largest investment bank, is retrenching staff. It is the first major bank in the world's second largest economy to announce lay-offs amid the euro-zone sovereign debt crisis and global market jitters. A person close to CICC said yesterday there had been 30 redundancies ...

  2. CICC to lead IPO for People's Insurance

    Posted Jul 16th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com State-owned People's Insurance Company of China Group (PICC), one of the country's largest insurers, has chosen China International Capital Corporation (CICC), HSBC and Credit-Suisse to take the company public, a person in the company said. A source at CICC confirmed the appointment and said the investment bank would act as lead manager, ...

  3. Morgan Stanley to sell 34.3pc stake in CICC

    Posted Dec 10th 2010, 12:00am by Amanda Lee

    ... invested US$35 million in CICC in 1995, but ceded control in 2000. CICC is now run by Levin Zhu, son of former premier Zhu Rongji. After the sale, Morgan Stanley would focus on a joint venture ...

  4. Morgan Stanley sale of CICC near

    Posted Dec 01st 2010, 12:00am by Staff Reporter

    ... the change in ownership. A CICC spokesman confirmed the stake sale was by Morgan Stanley but would not comment on other details such as who was buying the holding. The Wall Street bank is expected to net US$1 billion for the 34.3 per cent share in CICC. It invested US$35 million in 1995 when the landmark joint-venture investment bank with China Construction Bank was established. United ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. CICC profit slumps 18pc on underwriting fall

    Posted Jul 18th 2006, 12:00am by Staff Reporter

    ... business, according to the company's internal report. Net profit for CICC, the first Sino-foreign investment banking venture in China, fell to 173 million yuan in the first half from 212 ... underwriting securities, CICC's major business, dived by more than 57 per cent to 200 million yuan in the first six months. However, total revenue increased 16 per cent to 713 million yuan ...

  10. CICC plans to float in HK next year

    Posted Feb 16th 2006, 12:00am by Staff Reporter

    ... Bei Hu Public offering of the mainland's oldest securities house could jump-start a staff incentive scheme China International Capital Corp (CICC), the mainland's oldest and most ... provide an exit route for some of its private equity shareholders, jump-start a staff incentive scheme and help improve its corporate governance,' a banker close to CICC said. A detailed ...




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