CICC Fund expects to achieve revenue of 608 million yuan in 2025, a year-on-year increase of 32.7%, and net profit of 134 million yuan, a year-on-year increase of 22.9%.

On the evening of March 30, China International Capital Corporation Limited (CICC) released its 2025 performance report. On the same day, the operating data of its wholly owned subsidiary, CICC Fund, was also disclosed.

As of December 31, 2025, CICC Fund’s total assets were RMB 1.87B, its net assets were RMB 1.07B, and for 2025, it recorded operating revenue of RMB 608.05M, operating profit of RMB 179.15M, and net profit of RMB 13,409.56 million. As of December 31, 2024, its total assets were RMB 134.1M, its net assets were RMB 1.33B, and for 2024, it recorded operating revenue of RMB 739.68M, operating profit of RMB 458.37M, and net profit of RMB 146.1M.

The announcement stated that CICC Fund’s equity investment capabilities have continued to strengthen; its private offering business has consolidated its market-leading position; and its transformation of wealth management into buy-side investment advisory has shown remarkable results.

In 2025, CICC Fund will fully implement the spirit of the “Action Plan for Promoting High-Quality Development of Public Offering Funds,” adopting the business philosophy centered on investors’ interests as the fundamental guiding principle. It will precisely implement initiatives across all operational and management links—including improving corporate governance, product innovation and issuance, optimizing investment strategies, and upgrading performance evaluation mechanisms—so as to effectively enhance investment research and service efficiency and level. In 2025, CICC Fund issued 13 public offering products, including 8 stock index products, 1 hybrid product, 1 bond product, and 3 public offering REITs, with a total issuance size of RMB 109.26M. This further enriches the company’s product lineup and provides investors with more diversified choices. It has completed the listing of three products—CICC Yizhuang Industrial Park REIT, CICC China Green Development Commercial REIT, and CICC Viplus (Vipshop) Outlets REIT—on the Shanghai and Shenzhen stock exchanges. The public REITs business has continued to develop steadily, and the asset management scale and operational capability remain at leading levels in the industry.

As of December 31, 2025, CICC Fund’s assets under management were RMB 273.37 billion, representing a year-on-year increase of 24.7%. Of this, the scale of public funds was RMB 256.61 billion, representing a year-on-year increase of 23.8%. The company has comprehensively improved management efficiency and empowered operations with digitization, firmly adheres to the bottom line of compliance and risk control, and overall business operations have remained steady, with no major illegal or non-compliant incidents and no major risk hidden hazards.

Looking ahead to 2026, CICC Fund will