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China International Capital Corporation

China International Capital Corporation
The latest news and top stories on the China International Capital Corporation. A Beijing-based entity in the financial services sector, China International Capital Corporation (CICC) specialises in investment banking, securities, asset and wealth management. It primarily serves corporations, institutions and individuals worldwide and is known for being China’s first Sino-foreign joint venture investment bank and a top underwriter.
Illustration: Lau Ka-kuen
Banking & finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.

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Banking & finance

Macroscope | US dollar weakness is no game changer for a globalised yuan

Gold in Hong Kong

Copper, lithium unlikely to match gold’s gains as output rises: Goldman

China’s private sector

Luckin’s 30,000th store milestone adds buzz to China’s brewing coffee battle

Xiamen-headquartered chain pushes to integrate supply network worldwide and accelerate growth in markets from Asia to the US.

Luckin Coffee’s store network spans more than 300 cities across mainland China. Photo: Handout
Hong Kong stock market

Syngenta targets US$10 billion listing in Hong Kong, biggest since Alibaba

Chinese-owned agritech group’s mooted float could rank among Hong Kong’s biggest listing in years.

Solar energy

How Elon Musk’s space-based AI vision sparked a Chinese solar stock frenzy

Musk’s pursuit of space-based data centres has drawn attention to China’s solar industry, sparking market rallies – and calls for caution.

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Banking & finance

‘America First’ Fed? Why China economists doubt Trump’s pick can boost US dollar

Kevin Warsh unlikely to deliver long-term rebound while central bank independence still at risk, analysts say.

Kevin Warsh, Trump’s nominee for Fed chair, speaks during the Sohn Investment Conference in New York City, in 2017. Photo: Reuters
Artificial intelligence

Divergent AI growth paths emerge from China, US amid bubble concerns: CICC

Last year, US venture capital investment in AI reached US$175 billion, nearly 30 times China’s US$6 billion in the same period.

Banking & finance

Citic Securities claims top spot in Asia-Pacific investment banking for 2025

Chinese rivals fill out the rest of the top five, while US bank Morgan Stanley comes in sixth.

IPO

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.

The company said it would start trading under stock code 0100 on January 9, with pricing expected on January 7. Photo: Shutterstock
Yuan

China sets yuan fixing rate at 15-month high amid offshore gains

The move follows offshore yuan briefly breaching seven-per-US-dollar mark, with analysts citing dollar weakness, seasonal factors for rally.

The People’s Bank of China set the yuan’s midpoint, or daily fixing rate, at 7.0331 to the US dollar on Monday. Photo: Getty Images
IPO

Chinese AI ‘tiger’ Zhipu moves closer to US$300 million Hong Kong listing

Dubbed one of China’s new ‘AI tigers’, Zhipu could become one of the first major large language model start-ups globally to go public.

Mergers & Acquisitions

Chinese brokerage CICC unveils merger details with Dongxing, Cinda

The three-way merger will create China’s fourth-largest investment bank with assets of US$128 billion.

China property

Vanke’s bondholders reject payment extension, raising default risk

The rejection in a three-day vote that ended late on Friday gives the developer a grace period of five business days to pay 2 billion yuan of onshore bond.

The construction site of a residential complex being built by Chinese real estate developer Vanke in Nanjing in eastern China’s Jiangsu province on February 13, 2025. Photo: AFP
Artificial intelligence

Opinion | Why 2026 will be the year AI hype collides with reality

The reckoning ahead for the AI bubble promises to reprice expectations, force economic trade-offs and call out circular deals.

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Nvidia CEO Jensen Huang speaks during the Live Keynote Pregame during the Nvidia GTC (GPU Technology Conference) in Washington on October 28. Photo: AFP
Banking & finance

CICC to absorb 2 smaller rivals to create US$140 billion brokerage

CICC will acquire Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two smaller rivals.

Hong Kong stock market

Hong Kong stocks end flat after gains powered by Nvidia earnings fizzle out

Hang Seng Mainland Properties Index rises 1.7 per cent on reports China is considering measures to revive its struggling property market.

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IPO

Hong Kong IPO market to extend hot streak in 2026, CICC says

While fundraising in mainland China has risen this year, capital flows are unlikely to be diverted entirely from Hong Kong, the bank says.

Hong Kong’s IPO market is expected to stay hot next year, according to CICC. Photo: Jonathan Wong
IPO

Africa-focused hygiene-products maker Softcare jumps 34% on Hong Kong debut

The retail tranche of the IPO was oversubscribed 1,813 times, making it one of the most popular listings in the city this year.

Banking & finance

Exclusive | CICC targets Southeast Asia and Middle East as global shifts reshape landscape

Chairman Chen Liang says booming Asian wealth management sector and AI will drive future growth.

Banking & finance

Huawei-powered Chinese EV maker Seres seeks US$1.7 billion in Hong Kong listing

The company aims to build an open ecosystem through long-term partnerships with Huawei and Contemporary Amperex Technology.

Seres positions itself as a technology company that develops, manufactures and sells new energy vehicles and their core components. Photo: Xinhua
China GDP

Overseas banks raise China GDP forecasts, say Beijing ‘on track’ for 2025 target

Leading banks raise estimates after third-quarter data beats expectations, but some analysts caution more policy support needed.

People hang out at The Bund as the financial district of Pudong is seen in the background in Shanghai on January 16. Photo: Reuters
China’s economic stimulus

Explainer | China has a new 500 billion yuan ‘financial instrument’. How will it be used?

Beijing created the special financing tool to turbocharge domestic innovation and help the economy ride out the trade war.

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Yuan

China’s central bank sets yuan at highest rate against US dollar in a year

PBOC sets high midpoint rate for yuan, separately reports slowdown in Chinese credit growth, as expectations rise for a US interest rate cut.

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Yuan

Chinese yuan’s forex market share grows to 8.5% as global position firms: survey

Beijing’s push to internationalise the yuan is reflected in its rising global use amid efforts to reduce reliance on the US dollar, which has shored up its forex dominance.

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The yuan’s share in global forex trading has been gradually climbing in recent years, according to survey results. Photo: Felix Wong
US-China trade war

China prepares for long US soybean stand-off with huge Brazilian imports

China logged another month of bumper soybean imports in August as companies boosted their stockpiles amid risks of a protracted trade war.

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A worker sorts imported soybeans at a soybean processing company in Binzhou, China. Beijing has logged record soybean imports in recent months as it prepares for a long trade stand-off with the United States. Photo: Getty Images
US-China trade war

China’s exporters ahead in tariff game, paying estimated 9% share of costs

CICC researchers calculated China’s firms are carrying a small fraction of the costs incurred by US tariffs - the lowest share surveyed.

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