A pedestrian walks past a China International Capital Corp’s securities brokerage branch in Beijing in July 2016. Photo: BloombergA pedestrian walks past a China International Capital Corp’s securities brokerage branch in Beijing in July 2016. Photo: Bloomberg
A pedestrian walks past a China International Capital Corp’s securities brokerage branch in Beijing in July 2016. Photo: Bloomberg

China’s largest investment bank CICC says sorry after disciplinary action by Hong Kong regulator on breaching city’s takeover code

  • Two CICC associate units failed to promptly disclose hedging trades in 2019 in companies where the group acted as takeover adviser
  • CICC has apologised for the oversight, promised steps to tighten reporting and compliance
Topic |   SFC
A pedestrian walks past a China International Capital Corp’s securities brokerage branch in Beijing in July 2016. Photo: BloombergA pedestrian walks past a China International Capital Corp’s securities brokerage branch in Beijing in July 2016. Photo: Bloomberg
A pedestrian walks past a China International Capital Corp’s securities brokerage branch in Beijing in July 2016. Photo: Bloomberg
READ FULL ARTICLE