CICC wealth arm to see boost from US$1 billion IPO

23 July 2015 | 1 minute read

China International Capital Corp’s (CICC) IPO filing may herald big things for its wealth management unit, with onlookers expecting a boost in HNWI services. Analysts say the flotation is expected raise HK$7.8 billion (US$1 billion) and that the wealth management arm is first in line to receive financing to further develop the business. BOC International’s rise in recent years has been…

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