China International Capital Corporation (CICC) has been recognised as the best securities house in the Greater Bay Area (GBA), reflecting its outstanding performance in the financial sector during the past year.
CICC has established a strong presence in the GBA, operating 42 branches in Guangdong as part of a nationwide network of 216. This extensive footprint has enabled the firm to dominate key markets. In 2024, CICC completed equity capital market (ECM), debt capital market (DCM), and mergers and acquisitions (M&A) transactions totalling over ¥8 trillion, underscoring its leadership in investment banking.
Notable ECM transactions included the Midea Group H-share IPO, which became the largest IPO in Hong Kong for 2024, raising US$4.573 billion. Additionally, CICC facilitated landmark transactions such as the first A-to-H IPO in logistics for SF Holding, and the successful issuance of the Shenzhen Offshore Green Bond, which stands as the largest offshore RMB local government bond at ¥7 billion. These transactions illustrate CICC’s capacity to execute complex deals while supporting innovative financial products.
CICC advised on 20 M&A transactions totalling over $11 billion
In DCM, CICC also led landmark issuances such as Airport Authority Hong Kong ’s record-breaking multi-currency issuance (HKD18.5 billion plus $4.15 billion), and Guangzhou Water’s green asset-backed note (ABN) – the first of its kind in China’s utility sector. It also managed the first Guangdong tech-innovation exchangeable bond and XPeng’s green asset-backed securities (ABS), pioneering off-balance-sheet securitisation with Bond Connect.
CICC advised on 20 M&A transactions totalling more than $11 billion, including Mindray’s $929 million acquisition of HyT Medical and Royal Golden Eagle’s $3.955 billion privatisation of Vinda International – the largest global issue M&A in a decade.
CICC has also made strides in wealth management and private equity. CICC launched Cross-Boundary Wealth Management Connect 2.0, serving 47,000 international accounts, with HK assets under management (AUM) reaching HK$116.7 billion. Its private-equity arm established 39 funds in Guangdong, totalling more than ¥110 billion, supporting sectors such as semiconductors, biotech and green energy.
With a long-standing presence in the region, CICC continues to play a pivotal role in supporting the GBA’s financial integration and high-quality economic growth.
