BRIEF: CICC profit jumps in first half on booming Hong Kong IPO market

3908.HK 601995.SHG
CICC does finance

Leading investment bank China International Capital Corp. Ltd. (3908.HK; 601995.SH), or CICC, said on Monday it expects to report a profit of between 3.45 billion yuan ($481 million) and 3.97 billion yuan for the first half of 2025, up between 55% and 78% year-on-year.

It attributed the strong gains to an upturn in capital market activity during the period, creating strong demand for its core investment banking services. Hong Kong was the world’s biggest IPO market in the first half of this year, with 44 companies raising HK$107.1 billion ($13.6 billion) during the six-month period. CICC was one of three Chinese investment banks, alongside major Western banks, to co-sponsor the year’s biggest listing so far, which raised about HK$40 billion for EV battery maker CATL (3750.HK; 300750.SZ).

Shares of CICC opened down 0.1% at HK$19.30 on Tuesday in Hong Kong. The company’s Hong Kong-listed shares are up about 50% this year.

By Doug Young

To subscribe to Bamboo Works weekly free newsletter, click here

,
,

Related Articles

RELATED ARTICLES

  1. Undervalued CICC banks on Hong Kong IPO pickup
    3908.HK 601995.SHG
  2. Yibin Bank’s IPO spotlights challenges facing regional lenders
    2596.HK
  3. Hong Kong IPOs explode in first half as China Inc. abandons New York
  4. Game time for another IPO hopeful in China’s booming toy market 
  5. Yusys banking ties look like put-off as it seeks a second listing in Hong Kong
  6. Hong Kong: China’s IPO pipeline and crypto lab
  7. BRIEF: CATL jumps in trading debut as Hong Kong’s biggest IPO this year
    3750.HK 300750.SHE
Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

Illustration of a cosmetic surgeon

Private healthcare’s unclear road, and a surging cosmetic surgeon

Private clinic operators for medical treatments like eye and dental care are facing a difficult path as Chinese consumers rein in their spending. What's ahead for this group? And cosmetic surgery services provider So-Young's shares have soared in recent weeks as investors embrace its shifting business model. Why are they suddenly so confident?
2219.HK SY.US