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China International Capital Corporation

China International Capital Corporation
The latest news and top stories on the China International Capital Corporation. A Beijing-based entity in the financial services sector, China International Capital Corporation (CICC) specialises in investment banking, securities, asset and wealth management. It primarily serves corporations, institutions and individuals worldwide and is known for being China’s first Sino-foreign joint venture investment bank and a top underwriter.
An Aion electric SUV from Chinese automaker Guangzhou Automobile Group. Photo: Xinhua
Automotive industry

Chinese carmakers GAC and FAW eye potential tie-up of their Toyota operations

The planned deal is seen as a precedent for cross-regional consolidation amid China’s efficiency push, analysts say.

Banking & finance

China targets overseas brokerages in crackdown on pay loopholes and corruption

Hong Kong stock market

China’s top brokerages step up global push as overseas profits surge

Alibaba

Top Alibaba executives purchase US$15m in shares following landmark AI placement

The personal investments from Joe Tsai and Eddie Wu follow firm’s 710 million share sale, one of China’s largest AI fundraising efforts.

The Alibaba booth at the China International Supply Chain Expo in Beijing on July 18, 2025. Photo: AP
Banking & finance

End of the affair? How China and Wall Street, once so close, are drifting apart

Beijing once courted Wall Street’s titans, hailing them as ‘old friends of China’. But the relationship today is far frostier.

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Hong Kong stock market

Hong Kong seeks tech exposure amid Beijing’s rising AI dominance

The city is looking to expand stock benchmarks in an effort to challenge Nasdaq’s tech dominance.

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Robotics

AgiBot dethrones Unitree as world’s top humanoid maker ahead of IPOs

AgiBot’s shipments surged 562 per cent year on year, supported by a portfolio of full-size bipedals, compact units and wheeled robots.

An Agibot humanoid robot is pictured at the company’s facility in Shanghai, on August 4, 2026. Photo: Xinhua
Robotics

China’s X Square Robot submits confidential filing for Hong Kong IPO: sources

The start-up joins a growing list of domestic robot makers in China raising capital.

Banking & finance

Cross-border investment still ‘robust’ despite China’s growing controls: CICC

Beijing’s tightening scrutiny of overseas trading has not significantly harmed ‘legitimate’ cross-border investment flows, lender says.

Ant Group

Ant Group spin-offs pursue independent growth with strategic capital moves

The Chinese fintech giant’s three spin-off units are accelerating their capital-raising efforts after gaining operational autonomy in 2024.

The Ant Group booth at the World Artificial Intelligence Conference in Shanghai on July 17, 2026. Photo: Reuters
Hong Kong stock market

Zhongji Innolight sees rocky start as shares fall on Hong Kong IPO amid AI sell-off

The Chinese firm completed Hong Kong’s biggest IPO of the year, but its debut comes amid waning investor confidence in AI-related stocks.

A view of Exchange Square in Hong Kong. Zhongji Innolight has completed the biggest listing on the city’s stock market so far this year. Photo: Jelly Tse
Banking & finance

Beijing scraps panda bond fees to bolster global market for yuan debt

Analysts say removing some expenses for foreign borrowers will help funnel more yuan overseas and create a large offshore liquidity pool of China’s currency.

IPO

Zhongji sets highest subscription threshold in Hong Kong IPO history

Zhongji sets an IPO city record for minimum lot price, which may price out retail investors though institutional demand remains strong.

Hong Kong stock market

Chinese funds pivot to tech as they cut Hong Kong stock holdings

Chinese mutual funds shifted focus amid market volatility, cutting their share of Hong Kong stocks to 23.3 per cent in the second quarter.

Average daily turnover for southbound Stock Connect trading reached HK$123.1 billion (US$15.7 billion) in the first half of 2026, up 10.9 per cent year on year, according to HKEX. Photo: Jelly Tse
Robotics

Chinese robot maker AgiBot targets a listing in Hong Kong’s booming market

Leading robot maker plans a Hong Kong IPO with Citic, CICC, and Morgan Stanley as sponsors.

An AgiBot A2 humanoid robot learns to pick green leaves of Longjing tea under staff training at the Longjing Tea Plantation in West Lake, Hangzhou, eastern Zhejiang province on May 21, 2026. Photo: Getty Images
Hong Kong stock market

Zhongji Innolight already has 30 cornerstone investors for US$8b IPO: sources

The Chinese firm is aiming to raise US$8 billion in its Hong Kong listing on July 30, making it the city’s biggest share sale in seven years.

IPO

Hong Kong exchange returns IPO application sponsored by CICC

Inner Mongolia Xingye Silver & Tin Mining says it plans to resubmit application before end of September.

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US-China relations

Why China and the US are too entangled for a clean financial break

Though relations have turned frosty, analysts said US-China economic ties are too extensive to unwind completely – with dependencies on both sides.

Illustration: Lau Ka-kuen
China technology

China’s Momenta IPO oversubscribed 414 times as Hong Kong listings pack calendar

Autonomous-driving firm draws nearly 210,000 orders for a US$751 million offering, making it year’s second ‘red-chip’ firm to get Beijing’s permission to list via offshore structure.

Banking & finance

China’s Goldman Sachs dream: mainland banks ride Hong Kong’s IPO wave

Chinese investment banks are challenging global rivals after earning billions of dollars in the first half of the year.

IPO

Hong Kong loses IPO crown as swelling wave of Chinese tech no match for SpaceX

With Chinese technology giants fuelling an ‘A-to-H’ listing boom, Hong Kong appears to be on the rise as their ‘fundraising venue of choice’.

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A gong is struck to mark the HKEX’s 26th anniversary at Connect Hall on Friday. Photo: May Tse
IPO

Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO

Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push.

Momenta's technology has been used cars from Mercedes-Benz, BMW, Toyota and Honda. Photo: Reuters
China’s private sector

iPhone supplier Luxshare passes key hearing for Hong Kong listing

The firm, a key supplier for AirPods and iPhones, is a step closer to joining other mainland Chinese tech heavyweights in HKEX listing.

Banking & finance

The panda bonds: how China uses assets to boost yuan, cement partnerships

Brazil is preparing to issue panda bonds, another indicator of the rising popularity of yuan-denominated assets amid a de-dollarisation trend.

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US-China relations

‘A new chapter’: how Warsh’s US Fed debut is being viewed in China

A clearer focus on inflation and institutional changes could mark a watershed moment for the central bank, analysts say.

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New US Federal Reserve Chair Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee at the US Federal Reserve in Washington on Wednesday. Photo: Reuters
China consumption

China credit data shows demand dip, household deleveraging amid weak investment

But while traditional industries are mired in a downturn, hi-tech firms look to expand – many through direct financing.

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People walk along a street in Shanghai on Tuesday. Households in China are showing a weak appetite for taking on debt. Photo: EPA
Artificial intelligence

China leads US in everyday AI apps but firms are overvalued, experts say

Chinese labs have unveiled new models that trail closely behind those from US peers such as OpenAI and Anthropic in capabilities.

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China's economic recovery

Citic Securities breaks ceiling with first ‘A’ class rating for China brokerage

Award of an A-minus rating seen as a milestone in China’s efforts to build globally competitive investment banks.

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