China International Capital Corporation

New Business

Given prevailing headwinds, Hong Kong has the big opportunity as an offshore yuan hub: CICC

Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term…

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New Business

JD Industrials, Unisound AI revive Hong Kong IPOs as Chinese listings accelerate

E-commerce giant JD.com’s industrial unit could raise US$500 million to US$1 billion from its third attempt to list in Hong…

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Country Garden’s 2024 loss narrows amid initial recovery signs in China’s property sector

Country Garden Holdings reported a narrower loss in 2024 as the defaulted property giant seeks to build creditor support for…

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Chinese EV maker Xiaomi raises US$5.5 billion from share sale to accelerate expansion

Chinese tech firm Xiaomi raised HK$42.5 billion (US$5.5 billion) from a share sale to fund the expansion of its electric…

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Stop ‘flaunting wealth’, Chinese bankers told in new guidelines

China’s securities association has published new draft guidelines that will penalise companies whose staff flaunt their wealth and privilege, as…

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Interest in offshore yuan bonds is expected to increase, CICC says

More Chinese and global issuers and investors are expected to be drawn to offshore yuan bonds in Hong Kong and…

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Chinese investment bank CICC cleared to operate in Dubai financial centre

China International Capital Corporation (CICC) has received a licence to operate in the Dubai International Financial Centre (DIFC), adding to…

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New year, old problems for Chinese developers as debt crunch keeps bond investors wary

The new year is likely to offer little respite for troubled Chinese property developers amid lingering concerns about debt maturity,…

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Chinese cosmetics firm Mao Geping prices shares at top end of range ahead of Hong Kong IPO

Chinese cosmetics giant Mao Geping priced its shares at the top end of an indicated range, as it aims to…

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New Business

Ant Group promotes finance chief Cyril Han to CEO as Alipay owner marks 20-year milestone

Ant Group, China’s biggest operator of mobile payment systems, is promoting its finance chief Cyril Han Xinyi to the CEO…

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