Introduction

 

Mutual fund management is a significant business that China International Capital Corporation Limited (CICC) has been developing for some time. In February 2014, CICC established its mutual fund business platform CICC Fund Management (CICC Fund; <www.ciccfund.com>) as a wholly owned subsidiary of CICC and approved by the China Securities Regulatory Commission (CSRC). CICC Fund was the first mutual fund management company held by a single shareholder under China’s regulation rules. As of December 2018, the company had the registered capital of RMB 350mn.

CICC Fund is committed to providing investors with affordable investment barriers, standardized asset management products, and services. This includes fund raising, fund products sales, customized asset management, asset management, and other business licensed by CSRC. As of June 30, 2018, CICC Fund had AUM of RMB 19.209bn.

Establishing CICC Fund was a strategic move for CICC based on the firm’s understanding of the development of China’s capital markets and its own business plan. CICC Fund aims at becoming a leading fund management company by utilizing the advantages of CICC’s brand resources, extensive business network, and collective creativity.

Milestones

Date Milestones
January 15, 2014 CSRC approves CICC’s application to establish CICC Fund and conduct asset management business for specific clients
February 10, 2014 CICC Fund established
May 28, 2014 CICC Fund issues its first investment management product
November 4, 2014 CICC Fund issues its first mutual fund
November 28, 2014 CICC Fund issues its first money market mutual fund
May 27, 2015 CICC Fund’s AUM (under management and advisory services) exceeded RMB10bn
July 22, 2016 CICC Fund issues its first index mutual fund
February 24, 2017 Among the first group of companies included in the AMAC Mutual Fund Specialized Committee
March 31,2017 Awarded Best Institutional Partner by Sinolink Securities
January 20, 2018 Named a 2017 Annual Fast-growing Mutual Fund Company by Hexun Information Technology
March 22, 2018 The CICC Jinli Bond Mutual Fund was named 2017 Annual General Bond Star Mutual Fund by the Securities Times
March 30, 2018 AUM of the CICC Cash Housekeeper Money Market Mutual Fund exceeded RMB10bn
December 31, 2018 AUM of CICC Fund exceeded RMB20bn

Focusing on outstanding investment team

CICC Fund strives at building an outstanding investment research team and providing a comprehensive product line that includes equities, fixed income ,money market mutual fund, index, and quantitative hedge investment. Our ambition is back by CICC’s rigorous research capabilities, and full-fledged investment banking platform. Overall, CICC Fund offers high-quality asset management services by utilizing the services of its rigorous research, prudent investment style, and effective risk-control system. As testimony to this, CICC Fund has won client recognition and a steady increase in AUM.

As of Dec 31, 2018, CICC Fund had the RMB20.017bn in AUM with RMB15.348bn in mutual funds, and private equity investment of RMB4.669bn.

In the CICC tradition of attaching importance to the investment and research, CICC Fund is committed to building a superior investment and research team. As of December 31, 2018, CICC Fund had 76 employees, with 31 working in the Investment and Research Department, the largest department of the company. 

The research team coverage includes stocks, bonds, quantitative and fund of funds investment. All of staff in the investment and research team hold Masters or PhD degrees. Most of the team has 6-years work experience while the average for investment managers exceeds 10 years. Most of the investment managers were recruited after several years’ experience in investment and risk management, and they have solid track records.

Business development and awards

CICC Fund has a comprehensive product line. As of Dec 31, 2018, we were managing 27 mutual funds, namely: one money market mutual fund, one equity fund, five index mutual funds, six bond funds, and 14 hybrid funds.

In the past 2 years, we have recognized by media for our operating management and brand reputation. We have received numerous awards granted by government sponsored and market-oriented media, as well as cooperative institutions.

  • 2018 EastMoney Award- the Most Marketing-Creative Mutual Fund Company by EastMoney  Date: December 2018
  • 2017 Annual General Bond Star Mutual Fund (CICC Jinli Bond Mutual Fund) by Securities Times  Date: March 2018  
  • 2017 Annual Fast-growing Mutual Fund Company by Hexun Information Technology Co., Ltd.  Date: January 2018
  • Best Institutional Partner by Sinolink Securities  Date: March 2017

Operation and management philosophy

CICC Fund’s team consists of high-quality staff with extensive experience in fund and asset management that possess high professional responsibility, abundant investing experience, and outstanding research ability.

We are dedicated to putting the interests of our clients first. We also help them to understand the investment environment and their own needs, and upon that basis, we provide our professional advice.