Investment Bank on Possible Merger with Brokerage Firm

Investment Bank on Possible Merger with Brokerage FirmChina International Capital Corp. an investment bank together with brokerage China Investment Securities Co. are firms that have 186 billion yuan in combined assets last year are now in talks of a possible merger. Still there is no certainty of the talks that might lead to the transaction and the structure of a deal is still to be decided.

Linking up might be a good deal for CICC as it’s shares jumped 1.52 percent, and CICC’s strength is with the high net worth of individuals and corporate clients. Then paired with China Investment Securities network and mass market client base seems to be a good fit for both companies. Fully owned by Central Huijin Investment Ltd., the Shenzhen based China Investment Securities is a unit of China’s sovereign wealth fund and has a stake in the nation’s largest financial institutions, wherein Huijin owns around 28.4 percent of the Beijing based CICC.

Listed in Hong Kong in November, CICC had a 94 billion yuan worth of assets by the end of the year and China Investment Securities had 92 billion yuan in assets. A spokesperson for CICC in Beijing stated that there is no immediate response to the email that was sent to the media office of Central Huijin parent company China Investment Corp and still waiting for a answer and decision to call China Investment Securities for any comments.

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