CICC explores possible IPO

Chinese investment bank looks to replenish its capital, sharpen its competitive strategy and strengthen its incentive scheme through a listing.

CICC explores possible IPO

China International Capital Corp CICC, the first Sino-foreign investment bank, looks set to tap the capital markets, following in the footsteps of peers Citic Securities and Haitong Securities.

The Beijing-based group set up an informal committee two months ago to explore a possible listing, according to two sources familiar with the situation.

Issues that the committee are seeking to address include the pros and cons of an IPO, the problems...

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