Comprehensive financial services covering investment research, sales, trading, products and cross-border services for local and global institutional investors
Since its establishment in 1997, CICC’s Equities Department (EQ) has distinguished itself as a leader in providing world-class services for domestic and global investors seeking access to China’s markets. In the beginning, our core competency was providing global sales and trading services for CICC’s IPO projects. In 2000, we were the first to introduce an investment research service model in China. With the development of China’s capital markets, EQ embarked on a new round of transformation and upgrades. We currently provide elite execution plans and one-stop comprehensive financial services, covering investment research, sales, trading, products and cross-border services, as well as distinguished execution plans for both local and international institutional investors.
In recent years, we have been advancing our development strategy characterized by the equities business’ “Chinese roots and international reach”. With our top-tier domestic and international institutional client network, we have seized the opportunity to deepen reform and open up China’s capital market and have created a global platform for providing asset allocation and product services by capitalizing on our talent network in major cities in China and four major international financial hubs.
Professional Institutional Client Base
With a solid global professional institutional client base, our equities business have established close business relations with thousands of first-class domestic and overseas institutional investors, mainly including QFIIs/RQFIIs, QDIIs, commercial banks, insurance companies, mutual funds, pension funds, the National Social Security Fund, hedge funds, private equity funds, listed companies and shareholders, and global asset management companies.
We are a market leader in domestic mutual funds, QFII, insurance and private fund markets. We have been ranked among the top-tier for 16 consecutive years in terms of the number of our QFII and RQFII clients and have become a trading broker for many bank wealth management subsidiaries. Overseas, we have been fully recognized and trusted by overseas first-class institutional investors, ranking in the top-tier for 12 consecutive years in terms of revenue from Chinese mutual fund QDIIs.
The equities business covers overseas markets by conducting cross-border transactions and building a wide global equities sales and transaction network covering key Chinese cities and international financial centers, such as Hong Kong, New York, London and Singapore. It is recognized by the industry as a “Chinese expert” with the earliest overseas footprint, the most efficient cross-border platform integration and an international perspective.
Our market share in the Stock Connect market are among the highest. In mainland of China, the company covers the Hong Kong equities business of most fund and insurance clients, with a leading market share. Overseas, the company continues to lead the market in terms of transaction volume via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. CICC UK is the first UK cross-border Global Depositary Receipts conversion institution under the Shanghai-London Stock Connect, and thus is able to convert between A-shares and GDRs for investors.
Leading Product Innovation
The equities business continues to provide customers with high value-added global integrated financial services. It enjoys a high reputation both at home and abroad in fields such as block transaction execution, lightning placement, large-scale A/H share IPO and additional issuance, and sales. It has reached a number of milestones of large-scale domestic and foreign equity financing projects, with many business innovations considered as the first-in-market transactions and industry best practices.
We were among the first securities firms in China to obtain a qualification for piloting innovative products, creating an industry precedent in the field of prime brokers and OTC derivatives. We have a reputation as a market leader because we provide customized and flexible product designs and solutions for clients. The domestic prime broker business platform meets the needs of customers across many fields such as securities margin trading and risk management, and our cross-border business leads the market. The trading varieties of the overseas prime broker platform continue to be enriched, covering SWAPs, P-Notes and warrants. As one of the first brokers to obtain a First Class OTC Option Dealer Qualification, we provide professional investors with various derivatives services such as stock options, index options and corporate derivatives.
We provide a convenient platform for institutional client transactions through market maker services. We continue to develop our capital referral business and build a bridge between capital and assets. Revenue from equities proprietary trading has increased steadily.
Forward-Looking Platform Development
We have gradually built an integrated operation system and a comprehensive service platform in equities business, connecting domestic and overseas markets as well as on-exchange and OTC markets. Focusing on customers, we provide comprehensive operation solutions across an entire process and life cycle, as well as build an efficient operation platform through optimizing resource allocation, strengthening risk management and compliance, and promoting digitalization.
Outstanding Sales Team
We are proud of our experienced and dedicated teams in institutional sales, trade management and product design, and professional operation. After years of hard work, the equities business has been fully recognized by the industry with awards and honors selected by well-known domestic and foreign institutions for many years, mainly including:
- Institutional Investor’s Best All-China Sales Team from 2012 to 2019 for eight consecutive years
- Asiamoney’s Best Local Brokerage in China from 2004 to 2020 for 17 consecutive years
- Asiamoney’s Best Overall Sales Services in China from 2006 to 2020 for 15 consecutive years
- Asiamoney’s Overall Combined Research & Sales in China from 2015 to 2019 for five consecutive years
- Securities Times’s Best Brokerage House for Institutional Investor in 2020
- Top Broker in the Stock Connect Awards by HKEX from 2019 to 2020 for two consecutive years
- Top SPSA Participation of the Year and Top Chinese Broker in the Stock Connect Awards by HKEX in 2018
- Institutional Investor’s Best Brokerage of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect Services in China in 2017
- Best ETF Liquidity Service Provider by SZSE in 2019