CICC Picks Company Veteran as New President
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Wang Shuguang. Photo: AI generated
Investment banking giant China International Capital Corp. Ltd. (CICC) has chosen 27-year company veteran Wang Shuguang as its new president.
The appointment was announced Friday, according to a filing published on the Shanghai Stock Exchange.
The 50-year-old Wang joined CICC in 1998 — three years after its establishment. During the nearly three decades at CICC, he has worked on numerous IPOs, refinancing deals, and mergers and acquisitions (M&A) that spanned the Chinese mainland, Hong Kong, and U.S. markets.
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- Wang Shuguang, a 27-year veteran, has been appointed president of China International Capital Corp. (CICC).
- Wang has played key roles in major deals, led expansion to private sector clients, and established CICC’s growth enterprise department in 2011.
- Founded in 1995, CICC is China’s first Sino-foreign joint venture investment bank; it was listed in Hong Kong in 2015 and Shanghai in 2020.
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Who’s Who
- China International Capital Corp. Ltd.
- China International Capital Corp. Ltd. (CICC) is an investment banking giant. Established in 1995, it was China's first Sino-foreign joint venture investment bank, partnering with Construction Bank and Morgan Stanley. CICC aims to assist Chinese companies with capital market operations and modern corporate governance, initially focusing on state-owned enterprises. It was listed in Hong Kong in 2015 and Shanghai in 2020. Wang Shuguang has been appointed as its new president.
- China Construction Bank Corp.
- China Construction Bank Corp. was involved in a deal where its Hong Kong subsidiary was acquired by Bank of America Corp. Moreover, Construction Bank, one of China’s "Big Four" state-owned lenders, was instrumental in establishing CICC as the first Sino-foreign joint venture investment bank in 1995.
- Bank of America Corp.
- Bank of America Corp. is mentioned in the article as having its Hong Kong subsidiary acquired by China Construction Bank Corp. This acquisition was one of the deals that Wang Shuguang, the new president of China International Capital Corp. Ltd. (CICC), worked on during his tenure at CICC.
- Alibaba Group Holding Ltd.
- Alibaba Group Holdings Ltd. had its listings in the U.S. and Hong Kong, with Wang Shuguang from CICC playing a role in these deals.
- BYD Co. Ltd.
- Wang Shuguang, the new president of CICC, led the growth enterprise department which handled IPOs and M&As for BYD Co. Ltd. (比亚迪股份有限公司). This indicates CICC's involvement in financial dealings for BYD.
- Huawei Technologies Co. Ltd.
- Huawei Technologies Co. Ltd. is a company that had its IPOs and M&As handled by the growth enterprise investment banking department of CICC. This department was spearheaded by Wang Shuguang and focuses on high-tech and strategic emerging industries.
- Morgan Stanley
- Morgan Stanley was one of the initial investors and strategic partners in the establishment of China International Capital Corp. Ltd. (CICC) in 1995. CICC was China's first Sino-foreign joint venture investment bank. However, Morgan Stanley sold its entire stake in CICC in 2010.
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What Happened When
- 1995：
- China International Capital Corp. Ltd. (CICC) was founded as China’s first Sino-foreign joint venture investment bank.
- 1998：
- Wang Shuguang joined CICC.
- 2009：
- China’s ChiNext board was launched.
- 2010：
- Morgan Stanley sold its entire stake in CICC.
- 2011：
- Wang Shuguang spearheaded the establishment of CICC’s growth enterprise investment banking department.
- By June 2014：
- CICC had completed the restructuring and IPOs of 60 state-owned companies.
- 2015：
- CICC was listed in Hong Kong.
- 2020：
- CICC was listed on the Shanghai Stock Exchange.
- August 29, 2025：
- CICC announced the appointment of Wang Shuguang as its new president.
AI generated, for reference only
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