CICC starts restructuring
China International Capital Corporation (CICC), the country’s top domestic investment bank, has started restructuring into a joint stock limited company, the firm said on Saturday, as it prepares for an IPO later this year.
The first shareholders’ meeting of the joint stock limited company was held in Beijing on Friday, the company said in a statement, adding it elected the company’s first session board of directors and supervisory committee.
The company said in March it appointed veteran insider Bi Mingjian as its new chief executive.