CICC attracts stock market ire

China International Capital Corp accused of dumping the shares it underwrites.

It is perhaps a sign of the tough times China's stock market is going through that even the country's best connected and most successful investment bank has not been able to stop coming under attack for dumping the stock of companies it underwrites, often at the most inopportune moment.

A leading mainland paper, the Economic Observer, recently accused CICC of dumping the stock of telecoms player China Unicom and electronics maker TCL Group and thereby dragging...

To continue reading, please login or register for free

Click for more on: cicc | attracts | stock | market | ire

Print Edition

FinanceAsia Print Edition