Up 71.93% Year-over-Year, China International Capital Corporation (CICC) expects a profit of 9.791 billion yuan in 2025.

◎ Reporter Yan Liumeng

On March 30, China International Capital Corporation Limited (“CICC”) released its 2025 annual report. During the reporting period, the company recorded attributable net profit of RMB 9.791 billion, up 71.93% year over year.

According to the annual report, in 2025, CICC Group’s total assets at year-end were RMB 782.826 billion, up 16.02%; operating revenue was RMB 28.481 billion, up 33.50%; and the weighted average return on net assets (ROE) was 9.39%.

CICC said that in 2025, the company anchored itself in serving the overall development priorities of the country, proactively seized market development opportunities, and fully leveraged its integrated advantages in “investment + investment banking + research.” It steadily improved the quality and efficiency of its financial services. Core business segments such as investment banking, equities, wealth management, and others achieved steady growth.

Improving competitiveness across business segments

In 2025, CICC’s investment banking business continued to lead major capital market transactions both domestically and internationally. It completed market benchmark projects such as CATL, Huadian Xinneng, Seres, and Sanhua Intelligent Controls, helping Jiaxin International Resources complete simultaneous listings in Hong Kong and Kazakhstan. In 2025, CICC ranked first in multiple metrics, including the global IPO financing scale of Chinese-funded enterprises, the underwriting scale of Hong Kong stock IPOs, the scale of overseas bond underwriting of Chinese issuers by Chinese securities firms, the scale of participation by exchange-listed institutions in REITs listings, and the announced transaction scale in China’s M&A market.

The equities business deepened its capabilities in providing integrated financial services. Its global trading capabilities were upgraded, covering more than 15,000 domestic and overseas investors. It supported multiple primary- and secondary-market projects of the company, brought overseas strategic and cornerstone investors to listed companies, attracted long-term capital to enter the market, and achieved the top ranking in Hong Kong placing scale among peers.

In fixed-income businesses, the company continued to enhance its investment and trading capabilities, with investment scale steadily increasing. For client-facing business, it continuously strengthened client coverage, enriched its product system, and served clients’ needs for asset allocation and risk management. Leveraging its international footprint advantages, as the only Chinese-funded investment bank, CICC has provided services for the Ministry of Finance in issuing offshore sovereign bonds for nine consecutive years.

In 2025, CICC’s asset management business maintained steady growth in managed assets. The company’s asset management department’s assets under management reached RMB 596.9 billion, up 8%. CICC Fund’s management scale increased by 25% year over year to RMB 273.4 billion. During the year, CICC Fund issued 13 public funds and completed the listing on the Shanghai and Shenzhen stock exchanges of 3 public REITs products.

In addition, in private equity businesses, as of the end of 2025, the company’s assets under management totaled RMB 524.2 billion; the amount of new fundraising, new investment, and the number of investee companies上市 were all ranked first in the market. In wealth management, the company relies on asset allocation services to help broaden residents’ sources of income from property-related assets. The product holding scale has increased for six consecutive years to over RMB 460 billion. Among them, the transformation of buy-side investment advisors has been notably effective, with product holding volume of over RMB 130 billion reaching a historical high.

Overseas business revenue accounts for nearly 30%

In 2025, CICC completed an estimated transaction volume of about USD 6 billion related to the jointly built “Belt and Road” initiative, collectively bringing in more than RMB 200 billion of foreign capital directed toward A-shares and Hong Kong stocks. That year, the company’s overseas business revenue increased 58% year over year, accounting for nearly 30% of total revenue.

CICC said it focuses on its internationalization strategy, and has long served the “going out” of Chinese-funded enterprises and the “bringing in” of industrial and financial capital. It actively participates in cross-border transactions such as overseas listings, offshore bond issuance, and cross-border M&A of Chinese-funded enterprises, maintaining a good momentum of development in emerging areas such as connectivity and global asset allocation.

As one of the earliest Chinese-funded securities firms to implement an internationalization strategy, in 2025 CICC further expanded its international network. It opened a branch in the Dubai International Financial Centre in the United Arab Emirates, becoming the first Chinese securities firm to set up a licensed subsidiary in the Gulf region.

It is reported that in recent years, the company has used Hong Kong as a bridgehead to steadily expand its business layout in the regions involved in the jointly built “Belt and Road” initiative and in emerging markets. The company has continued to promote the development of overseas brands and held a CICC series of brand forums around business regions including Southeast Asia, the Middle East, Latin America, and Japan.

CICC also said it attaches great importance to shareholder value and investor returns. Taking into comprehensive consideration the development of its existing businesses and future capital needs, its profit distribution plan for 2025 will use cash dividends to distribute cash dividends to shareholders. The total amount is approximately RMB 1.11 billion (including tax), with RMB 2.3 cash dividends (including tax) paid per 10 shares.

In addition, CICC has implemented its 2025 interim profit distribution in December 2025. For the full year of 2025, the company distributed cash dividends in total of RMB 3.2 per 10 shares (including tax), with a total cash dividend amount of RMB 1.545 billion, up 78%. This achieved the highest annual dividend scale since its listing.

CICC said that while maintaining internally driven high-quality growth, it is proactively推进 absorbing and merging Dongxing Securities and Xinda Securities, striving to release the synergy effect of “1+2>3” through complementary advantages, and to accelerate its transformation into a first-class investment bank with international competitiveness.