Reuters exclusively reported that CICC Capital, a unit of leading Chinese investment bank CICC (3908.HK), has stopped using Capvision Partners’ services following an investigation into the “expert network” as part of Beijing’s crackdown on national security.
Business & Finance
CICC Capital bans consulting firm Capvision after China crackdown
10 May 2023, 6:45 pm 1 minute
Market Impact
CICC Capital’s parent CICC was one of the underwriters for Capvision’s aborted Hong Kong IPO last year. CICC Capital manages private equity funds and fund of funds and had 360 billion yuan ($52 billion) of assets under management as of the end-2022, according to the parent’s website and 2022 annual report.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
