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HONG KONG, Dec 15, 2010 - (ACN Newswire) - China International Capital Corporation Limited (CICC) held the Seminar and Cocktail reception to celebrate its 15th anniversary in Hong Kong on 24 November 2010, following the serial ceremonies in Beijing, Shanghai and New York. These celebration events reviewed CICC's developments over the past 15 years, revealed outlooks on the Chinese and global economies and outlined the company's growth potential.
 | | CICC 15th Anniversary |
This year, the 15th anniversary celebration of CICC has drawn a broader interest and attention from all around. CICC's Seminar keynote speakers - Levin Zhu, President and CEO of CICC, Ronald Arculli, Chairman of the Hong Kong Exchange and Clearing Limited, Wang Jianxi, Executive Vice President & CRO of the China Investment Corporation, Lawrence J. Lau, Chairman of CIC International (Hong Kong) Co., Limited and Wensheng Peng, Chief Economist of CICC gathered together this afternoon and discussed about current economic issues such as QE2, inflation and high RMB exchange rate.
The Honourable Donald Tsang, Chief Executive of the HKSAR, together with Tung Chee Hwa, Former Chief Executive of the HKSAR, Guo Li, Deputy Director of the Liaison Office of the Central People's Government in the HKSAR and Ronald Arculli, Chairman of the Hong Kong Exchange and Clearing Limited attended the cocktail reception. The Honourable Li Jiange, Chairman of the CICC and the Honourable John Tsang, Financial Secretary of HKSAR delivered their speeches on the overview of current Hong Kong economic.
The epic of China's economic and financial reforms are indispensable to the establishment and development of CICC. Over the past 15 years, we have witnessed the Chinese economy maintained a rapid pace of growth and Chinese financial system came to maturity, which proved fertile ground for CICC's fast growth and development!
"Rooted in China, Connecting the World" is CICC's notion since its inception. In 1995, thanks to the support from the government and shareholders, China's first joint venture investment bank, CICC was established to introduce modern corporate system and to broaden financing channels. Since its establishment, CICC has played a bridging role between Chinese corporations and international capital markets with its worldwide perspectives and high-quality professional services. In addition, CICC has made positive and effective contributions to the development of the financial industry, promotion of international capital movements and enrichment of China's financial and capital markets.
Hong Kong has been regarded as the cornerstone upon which CICC makes itself as a bridge in the field of finance. In 1997, China International Capital Corporation (Hong Kong) Limited commenced operation. In the same year, CICC succeeded in completing the overseas IPO for China Telecom Hong Kong (now China Mobile), the first big project since its inception, by making use of Hong Kong as an important platform. Over the past 15 years, CICC has successfully arranged more than 210 billion US dollars in equity financing, 147 billion in debt financing, and over 200 billion in mergers & acquisitions in domestic and overseas capital markets for more than 223 companies and corporations, deeply participating in the financing and reform of 32 state-owned enterprises across key sectors concerning national interests. Amongst above, 21 enterprises listed in Hong Kong, while the trading value of CICC's underwritten equity occupied around 20 percent of current trading value in Hong Kong stock market.
Over the past 15 years, the company has achieved great progress and increased its comprehensive business lines. CICC has helped Chinese companies raise a total of RMB626 billion and USD92.4 billion, accounting for 36% and 40% of the A-share and overseas IPOs of Chinese companies, respectively. Besides, CICC has underwritten nine out of top ten A-share and overseas IPOs for these companies. This enables CICC to rank the first, far ahead of other international and local investment banks. As the financial consultant, CICC has involved in merger and acquisition transactions with the deal size exceeding USD200 billion, this also ranking the first in the domestic market. In the meantime, CICC's institutional brokerage services, domestic retail brokerage services, and investment management business have achieved satisfactory results. Moreover, CICC has rapidly constructed its worldwide network, expanding its overseas presence to Singapore, New York, and London in the past two years, making another important step towards the international market expansion.
Looking into the future, CICC will uphold its spirit of delivering the services diligently and in a professional manner, putting the needs of our clients first and amongst our staff, nurturing the culture of mutual respect within a supportive environment. Meanwhile, CICC will consistently offer exceptional investment banking services to both international and local clients, as well as contribute to the society.
Topic: General Announcement
Source: China International Capital Corporation Ltd
Sectors: Daily Finance, Daily News
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