China International Capital Corporation

On July 31, 1995, CICC was incorporated by China Construction Bank, Morgan Stanley, China National Investment and Guaranty Co Ltd, GIC, and the Mingly Corporation, as the first Sino-foreign joint venture investment bank. At the time of CICC's incorporation, China Construction Bank and Morgan Stanley were its largest shareholders, with a 42.5% and 35% interest, respectively.

In 1997, CICC established its first overseas subsidiary in Hong Kong, through which CICC became the first Chinese investment bank conducting securities underwriting business in Hong Kong. CICC completed its first overseas initial public offering project, the IPO of China Mobile on the Hong Kong Stock Exchange, which marked the beginning of the restructuring and overseas listing of large state-owned enterprises directly under the State Council of China, and was also the largest IPO in Asia in 1997 as well as the largest IPO of China-based companies ever up until the end of 1997.[1]

In 2004, China Construction Bank transferred its equity interest to China Jianyin Investment, which later transferred that to China Central Huijin, a wholly owned subsidiary of China Investment Corporation. In 2010, Morgan Stanley sold its holdings to TPG, KKR, GIC and Great Eastern.[2] CICC established its FICC division, and was one of the earliest investment banks to conduct fixed income business in China.

In 2007, CICC set up its wealth management division, and was one of the earliest investment banks to engage in wealth management business in China.

In 2010, CICC became the first investment bank to obtain approval from the China Securities Regulatory Commission to raise and manage private equity funds.

In 2015, CICC was converted into a joint stock company with limited liability whose top three shareholders were Huijin, GIC and TPG. In November 2015, CICC completed its own IPO on the Hong Kong Stock Exchange.[3]

In 2016 CICC acquired China Investment Securities from Central Huijin in an all-share deal.[4]

In 2017, CICC acquired a majority stake (50+%) in US KraneShares, a leading exchange-traded fund provider that focuses on Chinese listed companies, with its biggest fund (KWEB) focused on Chinese Internet companies.[5] In 2017, giant Chinese internet company, Tencent acquired a 5% stake in CICC.[6]

In 2020, CICC became a listed company in China A-share market.

In 2021, CICC was recognized by some of the influential publications and organizations which include “Best Corporate and Institutional Adviser – Domestic – China” from The Asset Triple A Sustainable Capital Markets Country Awards 2021,[7] “The All-China Best Research Team” and “The All-China Best Sales Team” from Institutional Investor Magazine,[8] “Best Domestic Brokerages” from Asiamoney Brokers Poll 2021,[9] “Best Bank for Green Bonds” from Global Finance Stars of China 2021 [10] and “M&A Financial Adviser of the Year” from Mergermarket China M&A Awards 2021.

CICC's major business segments: Investment Banking, Equities, Fixed Income, Private Equity, Asset Management, Wealth Management and Research.

As of October 31, 2021, its shareholding structure was as follows:[11]

• 40.17% Central Huijin Investment Ltd.
• 30.74% HKSCC Nominees Limited
• 8.26% Haier Group (Qingdao) Financial Holdings Ltd.
• 4.49% Alibaba Group Holding Limited
• 4.48% Tencent Holdings Limited
• 2.64% China National Investment and Guaranty Corporation
• 0.38% Hong Kong Securities Clearing Company Limited
• 0.32% China Reform Investment Co., Ltd.
• 0.32% China Structural Reform Fund Corporation Limited
• 0.29% Abu Dhabi Investment Authority
• 7.92% Other Public Shareholders (A+H shares)

• Wang Qishan – Vice President of the People's Republic of China
• Wu Jinglian – Chinese economist
• Xu Xiaonian – Professor of Economics and Finance at China Europe International Business School
• Bei Duoguang – CEO of JPMorgan First Capital Securities
• Ding Wei – Head of Temasek China[12]
• Fang Fenglei – Chairman of Goldman Sachs Gao Hua Securities, Chairman of Hopu Investments
• Ha Jiming – Vice Chairman, China of Goldman Sachs Private Wealth Management
• Jiang Guorong – Vice Chairman of UBS Asia[13]
• Jin Liqun – President of Asian Infrastructure Investment Bank[14]
• David X. Li – Chinese statistician
• Wu Shangzhi – Chairman and Managing Partner of CDH Investments
• Levin Zhu – son of Zhu Rongji, a former Premier of the People's Republic of China[15]

• Economy of China
• Chinese financial system
• Banking in China

McGregor, James (2005). One Billion Customers: Lessons from the Front Lines of Doing Business in China. New York: Free Press. ISBN 978-0743258418.

• Official website