Steel-to-property conglomerate CITIC Pacific said yesterday a Chinese sovereign wealth fund, China Investment Corp (CIC), has bought a 40 percent stake in its private equity fund management unit, CITIC Capital. No financial details were given. Last month, sources said that the $200 billion wealth...
HONG KONG, Aug 26 - Steel-to-property conglomerate CITIC Pacific <0267.HK> said on Wednesday that China's sovereign wealth fund, China Investment Corp, has bought a 40 percent stake in its private equity fund management unit, CITIC...
CITIC Securities Co Ltd<600030>, the largest listed brokerage in China, said Saturday that its net profit fell 19.77% year on year to RMB 3.83 billion in the first half of this year.Earnings per share were RMB 0.58, down 19.44% from a year earlier, according to the brokerage's interim report.In the first six months, CITIC...
HONG KONG, Aug 17 - Shares of Cathay Pacific were suspended on Monday, amid talk that one of its major shareholders, Citic Pacific, might sell its stake to another shareholder, Air China. Shares in Air...
HONG KONG, Aug 17 - Trading in shares of CITIC Pacific Ltd. <0267.HK>, Cathay Pacific Airways Ltd. <0293.HK> and Air China Ltd. <0753.HK> were suspended on Monday pending an annoucement containing price-sensitive information, the Hon...
CITIC Securities Co Ltd<600030>, the largest listed brokerage in China, on Aug. 4 announced that it will spend RMB 1.04 billion acquiring properties for its headquarters in Shenzhen, Guangdong Province, sources reported. The properties, which are located in Shenzhen's Futian District, consist of a Grade A...
China CITIC Bank Corp<601998><0998>, the listed banking unit of the nation's largest investment enterprise, CITIC Group, has submitted an application to the China Banking Regulatory Commission to set up an auto financing firm, said Zhang Qiang, assistant president of the bank, the Shanghai Securities...
China Investment Corp (CIC), the country鈥檚 $200 billion sovereign wealth fund, has agreed to invest HK$2 billion ($258.1 million) for a 40 percent stake in private equity fund manager CITIC Capital, sources said yesterday. CITIC Capital, backed by the powerful CITIC Group, which is directly led...
China Investment Corp, the country's US$200 billion sovereign wealth fund, has signed an agreement to buy a 40% stake in Hong Kong-based CITIC Capital Holdings Ltd, a leading Chinese investment management and advisory firm attached to state-owned CITIC Group, the China Securities Journal...
* CIC to invest HK$2 billion for 40 percent of CITIC Capital * First investment by CIC in Chinese asset manager * Alliance helps CIC tap domestic deal opportunities * Capital base of CITIC Capital...