CICC to absorb 2 smaller rivals to create US$140 billion brokerage

scmp.com/business/china-business/article/3333480/cicc-absorb-2-smaller-rivals-create-us140-billion-brokerage

China International Capital Corp (CICC) plans to absorb two smaller brokerages to create a new entity worth 1 trillion yuan (US$140 billion) in assets, as a state-led consolidation gathers pace to meet Beijing’s goal of creating investment banks that can compete with the likes of Goldman…

This story appeared on scmp.com, 2025-11-20 03:13:17.
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