trending Market Intelligence /marketintelligence/en/news-insights/trending/Rv-4UYRkQ6JOW-zViXw4kg2 content esgSubNav
In This List

CICC's largest shareholder trims stake


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

CICC's largest shareholder trims stake

China International Capital Corp. Ltd. shareholder Central Huijin Investment Ltd. completed the transfer of some of its shares in the company to an indirect subsidiary of Haier Group Corp.

Central Huijin Investment on March 11 transferred 398,500,000 China-listed shares in CICC, representing a stake of about 9.5%, to Haier Group (Qingdao) Financial Holdings Ltd. CICC previously said the appraised value of the transferred shares is 5.05 billion Chinese yuan and the quoted price is 5.41 billion yuan.

The disposal will help diversify the portfolio of investors of the company and further optimize its shareholding structure.

Central Huijin Investment holds approximately 46.2% of CICC's total share capital following the transaction.

As of March 12, US$1 was equivalent to 6.71 Chinese yuan.