Company Directory - China International Capital Corporation
Company Details - China International Capital Corporation
China International Capital Corporation
WebsiteBeijing, China
China International Capital Corporation (CICC) is a leading Chinese investment bank that provides a range of financial services including securities underwriting, advisory, asset management, and research to corporations, governments, and institutional investors. The firm plays a pivotal role in both domestic and international capital markets.
CCI Score
CCI Score: China International Capital Corporation
-44.72
0.03%
Latest Event
China International Capital Faces Regulatory Penalties Over IPO Misconduct
China International Capital Corporation (CICC) has been fined RMB 6 million by the China Securities Regulatory Commission for failing to exercise proper due diligence in its sponsorship of S2C Limited's IPO, raising concerns about its commitment to ethical business practices.
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China International Capital Corporation is currently rated as a Toadie.
Latest Events
- DEC202024
China International Capital Corporation (CICC) has been fined RMB 6 million by the China Securities Regulatory Commission for failing to exercise proper due diligence in its sponsorship of S2C Limited's IPO, raising concerns about its commitment to ethical business practices.
-40
Business Practices and Ethical Responsibility
March 26
This incident reflects deficiencies in corporate governance and ethical responsibility. The failure to conduct due diligence in the IPO sponsorship led to significant regulatory penalties, undermining trust and accountability in financial practices. From an anti-fascist perspective, such lapses can contribute to broader systems of corporate malfeasance that may indirectly bolster authoritarian practices by allowing unchecked corporate power.
China International Capital Faces Penalties Over IPO Misconduct
- OCT282024
China Securities Regulatory Commission imposed penalties on China International Capital Corporation for failing to exercise due diligence and misrepresenting key sponsorship information in connection with a chip company's failed IPO, raising questions about its ethical business practices.
-50
Business Practices and Ethical Responsibility
March 26
CICC was fined by the CSRC for significant lapses in due diligence and for providing misleading information in its IPO sponsorship documents. This incident reflects a disregard for ethical business practices, undermines investor trust, and may contribute to systemic issues that favor authoritarian dynamics by eroding regulatory and ethical standards.
China’s regulator hits CICC with US$1.1 million in penalties over chip company’s IPO
- OCT112024
China International Capital Corporation was investigated on Oct 11, 2024 for failing to exercise proper due diligence as the IPO sponsor for chip designer S2C. This probe highlights ethical shortcomings in oversight that have undermined market integrity and investor confidence.
-50
Business Practices and Ethical Responsibility
March 26
CICC's failure to conduct proper due diligence in its IPO sponsorship role for S2C raises serious ethical concerns. The resulting probe, following inflated earnings reports and regulatory findings, demonstrates a significant lapse in ethical business practices and responsibility, compromising market integrity.
- APR272024
CICC was warned by the Beijing municipal bureau of the CSRC for compliance flaws, specifically for hiring personnel without proper qualifications, which undermines industry standards and reflects poorly on its overall business ethics.
-40
Business Practices and Ethical Responsibility
March 26
The regulatory warning issued to CICC for hiring unqualified personnel exposes significant compliance and ethical lapses in their business practices. Such failures in adhering to industry rules and standards erode trust and can indirectly support environments where authoritarianism might flourish due to lack of accountability and transparency.
Top Investment Bank CICC Warned by Regulator for Compliance Flaws
- JUN012022
A former employee, Andrea Bischof, filed a discrimination lawsuit alleging that China International Capital Corporation's US branch mandated CCP loyalty and imposed internal party committees, underlining potential authoritarian influence in its corporate practices. The controversy raises questions about political interference and ethical labor practices within the institution.
-80
Public and Political Behavior
March 26
The allegations that CICC's US branch enforced CCP loyalty through internal party committees and discriminatory practices demonstrate significant authoritarian influence in its public and political behavior. The firm's silence in response to these serious claims further exacerbates the perception of manipulation of political norms.
Allegations of CCP Influence in US Banking: The Case of China International Capital Corporation
-70
Business Practices and Ethical Responsibility
March 26
The discrimination lawsuit filed by a former employee reveals unethical business practices, including bias in promotion and employment based on political affiliation. This breach of fair labor practices reflects a problematic adherence to internal party loyalty, undermining ethical responsibility.
Allegations of CCP Influence in US Banking: The Case of China International Capital Corporation
-60
Economic and Structural Influence
March 26
The integration of CCP committees and enforced party loyalty within the US branch indicates an alarming level of state-corporate entanglement. This undermines the economic and structural independence of CICC and raises significant concerns regarding its role in supporting authoritarian structures.
Allegations of CCP Influence in US Banking: The Case of China International Capital Corporation
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