Nov 06, 2014 03:37 PM

Investment Bank CICC on a High, Winding Road

(Beijing) – Underwriting initial public offerings and other investment banking basics accounted for less than one-third of the roughly US$ 600 million in gross earnings reported last year by China's strongest investment bank.

By far most of the money pocketed by China International Capital Corp. (CICC) came from assets management, investments and brokerage commissions.

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