Date
17 August 2017
Investment bank CICC, headed by Levin Zhu, is said to be preparing for a Hong Kong listing. Photo: HKEJ
Investment bank CICC, headed by Levin Zhu, is said to be preparing for a Hong Kong listing. Photo: HKEJ

CICC readies for HK debut

Investment bank China International Capital Corp. has invited bankers to pitch to handle its potential listing in Hong Kong, the Wall Street Journal reported Monday.

No time frame was available but bankers will meet the management of CICC in the coming weeks, the report said.

CICC was set up in 1995 by Morgan Stanley with China Construction Bank but Morgan Stanley sold its stake in 2010 to a consortium including Government of Singapore Investment Corp. and Great Eastern Holdings Ltd.

The bank is headed by Levin Zhu, the son of former premier Zhu Rongji.

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