Considering the comprehensive reform of the registration system and the continuous institutionalization of A-share investors, with the advantages of professional investment banking and institutional customers, CICC will usher in greater development space. Considering the basic requirement that Goldman Sachs can't only do domestic business in China, CICC, whose overseas income accounts for more than 20%, is obviously better than CITIC Securities.
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It will take some time for CICC to replace CITIC as Goldman Sachs in China. However, considering the comprehensive reform of the registration system and the continuous institutionalization of A-share investors, with the help of the professionalism of investment banking business and the advantages of institutional customers, CICC is expected to usher in greater and faster development space. There is another possibility for CICC to challenge CITIC Securities and eventually become the China version of Goldman Sachs.
If investment banking, stock business and private placement are the three highlights of CIC's future impact on "China Goldman Sachs", then CIC's international business layout is obviously another big advantage in competition with CITIC Securities. After all, if you really want to be the China version of Goldman Sachs, you can't just do domestic business. Because of natural foreign genes, CICC is more advanced in international layout.
China International Capital Corporation Limited (CICC) was established on June 25th, 1995. It is the first Sino-foreign joint venture investment bank in Chinese mainland. It was listed on the main board of HKEx on 20 15438+0654381October 9.
After the establishment of the company, a series of changes have taken place in the equity. The original two major shareholders, China Construction Bank and Morgan Stanley, no longer hold shares in CICC. According to the annual report of CICC 20 15, Central Huijin Investment Co., Ltd. (hereinafter referred to as central huijin) holds 28.448% of the shares of CICC and is the largest shareholder of CICC. 2016165438+10.4, CIC announced that it would acquire all the shares of China Investment Corporation (CIC) from Central Huijin Company for16.7 billion yuan. After the completion of this transaction, CIC Securities will become a wholly-owned subsidiary of CIC.
Due to its special background, CICC became the largest equity investment bank in China during the restructuring of large state-owned enterprises in China, and its salary level was the same as that of international investment banks, so it was called "investment bank aristocrat". On June 4, 2020, 65438 won the Evergreen Award of Caijing in 2020 and the Green Award for Sustainable Development.