Best securities house in wealth management 2019
CICC is one of China’s leading investment banks. It also is one of the nation’s leading securities firms catering to high net-worth individuals.
CICC, led by chief executive Bi Mingjian, has more than 47,000 high net-worth clients as of year-end 2018, up 22% from the previous year; customer account total assets amounted to Rmb709 billion ($103 billion), down 3.7% in the same period. CICC serves more than 2.92 million households, who control a total of Rmb1.98 trillion in net wealth.
The firm launched its wealth management business in 2007 – one of the first Chinese securities firms to enter this field. As a pioneer, CICC first introduced a wealth management model driven by consulting services to provide tailor-made products and services to high net-worth individuals, families and corporate customers: over the years, it has acquired a reputation for its analysts’ investment research.
Backed by its biggest shareholder, the sovereign wealth fund China Investment Corp, CICC has expanded rapidly. By 2018, CICC it had 17 branches and 228 sales offices in 29 provincial-level urban centres. In Hong Kong, it provides both overseas and Hong Kong securities market financial products and services.
CICC Wealth Management focuses on medium-term and long-term value investments, helping clients to safeguard the sustainability of their investment performance.