CICC's transition into the Internet "private-equity factory" is just a preliminary attempt

Our correspondent Jin Shui Beijing report

June 24, in the CICC Wealth Management Media Salon, CICC people to the reporter, the exclusive disclosure, CICC will announce the transformation of the Internet program and brand name, CICC United Yunnan Trust, Snow net platform launched by the "private-equity factory" is only a preliminary attempt. Sun Holly is responsible for the CICC Wealth Management department is the CICC for the Internet transition Wealth management of the advance army.

Sun Holly has been responsible for CICC Jian Guo Men Wai Street Sales Department, trading volume has been ranked first in the industry, CICC's brokerage business has been the industry "tall" representatives, never to the Commission price competition as a means, CICC's strong research and services provide the strongest support for the brokerage business, but the single brokerage channel business of brokerages is still affected by volatility in the stock market. As early as 2007, CICC set up a wealth management business, provides international standards of professional investment services for high net worth individual investors and corporate investors in mainland China, covering cross sales of various business units within CICC, stock brokerage and consulting, bonds and fixed income products, open-end funds and asset management products, trust products , financing margin, futures IB business and other product lines. Siqian, managing director of CICC's wealth management department, revealed that CICC's wealth management department had accumulated 14,000 high-end customers and managed assets of 160 billion yuan. Such a scale still lags far behind the wealth management business of international investment banks.

Tianhong fund balance Bao effect shock wave swept the entire securities fund industry, the domestic top investment bank CICC also some sit still, the construction of the Internet as the core business model has become the Securities fund industry transformation trend. CICC is also ready to put down its posture and transform into the Internet, service "