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