601995 China International Capital Corporation
- 33.73
- -0.01-0.03%
China International Capital Corporation News
CICC (3908.HK): Capital business is under pressure and the leading position of the investment bank is stable
CICC released its 2024 quarterly report. During the reporting period, it achieved operating income of 3.87 billion yuan, or -37.6% year on year, net profit to mother of 1.24 billion yuan, or -45.1% year on year. The weighted average return on net assets was -1.29pct to 1.21% year on year.
Express News | Shanghai Guaranteed Housing REITs held a collective performance briefing to achieve a good start in 2024
Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market
Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.
Express News | Ministry of Finance: From January to March, the total revenue of state-owned and state-owned enterprises across the country increased by 3.2% year on year, and total profit increased 2.8% year on year.
Changes in Hong Kong stocks | Chinese brokerage stocks bottom up, the State Council pushes the financial industry's national team building institutions to be optimistic about mergers, acquisitions, restructuring and ROE improvement
Chinese brokerage stocks bottomed out in early trading and rebounded, and gains expanded in late trading. As of press release, CITIC Construction Investment Securities (06066) rose 4.17% to HK$6.25; Orient Securities (03958) rose 3.68% to HK$3.38; CICC (03908) rose 2.52% to HK$9.76; and League of Nations Securities (01456) rose 2.47% to HK$3.73.
Chinese brokerage stocks collectively declined, and China Galaxy Securities (01776.HK) fell nearly 5%, China Galaxy (06881.HK) fell more than 4%, Haitong Securities (06837.HK) fell more than 3%, and CITIC Securities (06030.HK) fell more than 2%.
Chinese brokerage stocks collectively declined, and China Galaxy Securities (01776.HK) fell nearly 5%, China Galaxy (06881.HK) fell more than 4%, Haitong Securities (06837.HK) fell more than 3%, and CITIC Securities (06030.HK) fell more than 2%.
Express News | The Beijing Securities Regulatory Bureau named CICC, Guodu Securities, and CITIC Construction Investment. 12 brokerage firms have already received fines after the new “National Nine Rules”
Express News | Boleyton Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange. The co-sponsors are CICC and CMB International.
CICC (03908.HK): Received a letter of no objection to the listing and transfer of non-publicly issued corporate bonds
Gelonghui, April 30, 丨 CICC (03908.HK) issued an announcement. The company recently received the “Letter of No Objection to the Listing and Transfer of Non-public Corporate Bonds of China International Finance Co., Ltd.” (Shanghai Securities Letter (2024) No. 1228, hereinafter referred to as the “Letter of No Objection”) from the Shanghai Stock Exchange. According to the no-objection letter, the company's non-public issuance of corporate bonds totaling no more than 10 billion yuan to professional investors complies with the listing and transfer conditions of the Shanghai Stock Exchange, and the Shanghai Stock Exchange has no objection to this bond listing transfer. The letter of no objection is valid for 12 months from the date it is issued. The company can keep the letter of no objection valid for and
CICC (601995.SH): Received a letter of no objection to the listing and transfer of non-publicly issued corporate bonds
Gelonghui, April 30 | CICC (601995.SH) announced that the company recently received the “Letter of No Objection to the Listing and Transfer of China International Finance Co., Ltd. Non-public Corporate Bonds” (Shanghai Securities Letter (2024) No. 1228, referred to as the “Letter of No Objection”) from the Shanghai Stock Exchange (“Shanghai Stock Exchange”). According to the no-objection letter, the company's private issuance of corporate bonds totaling no more than 10 billion yuan to professional investors (referred to as “current bonds”) met the listing and transfer conditions of the Shanghai Stock Exchange, and the Shanghai Stock Exchange had no objection to this bond listing transfer. There are 12 letters of no objection from the date of issuance
CICC (601995): Self-employment is dragging down short-term performance, leading brokerage firms have a clear orientation to improve and become stronger
Matters: CICC released its 2024 quarterly report, with operating income of 3,874 billion yuan (YoY -37.6%) and net profit to mother of 1,239 billion yuan (YoY -45.1%). Total assets of 613.7 billion yuan (Y
Overview of the Hong Kong market | The Science Index and China Index fell slightly; Chinese brokerage stocks and heavy infrastructure stocks fell, Huatai Securities fell more than 5%, and China Railway fell nearly 6%
Many shares of Science and Technology Network declined; Jingdong fell nearly 3%, and Meituan fell nearly 2%; many shares of home appliances rose, Haier Smart Home rose nearly 8%, and Hisense Home Appliances rose more than 7%.
Express News | Due to inadequate management of the subsidiary's business and investment activities, Ding Wei, then an executive in charge of related business at CICC, was issued a warning letter by the Beijing Securities Regulatory Bureau
The Beijing Securities Regulatory Bureau has taken administrative supervision measures against CICC ordering an increase in the number of compliance checks
GLONGHUI, April 30 | The Beijing Securities Regulatory Bureau issued a decision to adopt administrative supervision measures ordering an increase in the number of compliance checks against China International Finance Corporation. After investigation, your company had transactions between proprietary and investment accounts, inadequate conflict of interest management, careless management of OTC options business, inadequate management of subsidiary business and investment practices, and irregular corporate governance, reflecting the company's failure to effectively implement compliance management and inadequate internal controls. According to the provisions of Article 70 (1) of the “Regulations on the Supervision and Administration of Securities Companies” (State Council Order No. 653), our bureau has decided to take the following supervisory and administrative measures against your company
CICC (601995): Short-Term Struggle, Long-Term Light
24Q1 CICC's revenue was 3.9 billion yuan, -38% YoY, -30% month-on-month; net profit to mother was 1.2 billion yuan, -45% YoY, -20%. ROE (unannualized) was 1.21%, -1.29pc year over year
CICC (03908.**** efficiency has declined, waiting for the market and environment to recover
Core view: Performance retracted significantly under a high base. The company released its 2024 quarterly report. 2024Q1 achieved revenue of 3.874 billion yuan, or -37.61% year-on-year; realized net profit to mother of 1,239 billion yuan, year-on-year -4
CICC (3908.HK): Investment performance is under pressure, supply-side reforms accelerate development
Guide to this report: The decline in the company's net investment revenue is putting pressure on performance; it is expected that supply-side reforms in the industry will accelerate, the efficiency of the use of the company's capital will be outstanding, and the advantages of various business specialization will be continuously consolidated, and it is expected that development will exceed expectations through endogenous growth and extrinsic mergers and acquisitions.
Major Bank Ratings | UBS: Lowering CICC's Target Price to HK$15.6 to Maintain “Buy” Rating
Glonghui, April 30 | UBS released a report saying that CICC's net profit for the first quarter fell 45% year-on-year to 1.2 billion yuan, lower than the industry average. The main reasons were a 49% year-on-year decline in investment income during the quarter; a 33% year-on-year decline in brokerage business revenue; and an increase in interest income. UBS lowered CICC's 2024-2026 net profit forecast by 26 to 35% to reflect the bank's lower industry forecast assumptions based on market and industry trends since the beginning of the year. The bank maintained a “buy” rating, and the target price was reduced from HK$16.5 to HK$15.6.
CICC (03908.HK): Short-term performance is under pressure, optimistic that the company will strengthen competitive barriers
Key investment events: CICC released its 2024 quarterly report. The company achieved total operating revenue of 3.874 billion yuan in 24Q1, or -37.61% year-on-year, and realized net profit of 1,239 billion yuan, year-on-year.
CICC (601995): Short-term pressure from investment fluctuations
Core view The company's 24Q1 revenue was 3874 billion yuan, -38% year-on-year, -30% month-on-month, and net profit to mother was 1,239 billion yuan, -45% year-on-year and -20% month-on-month. Revenue from various businesses was at varying degrees year over year
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