IN BRIEF

摘要

China International Capital Corp (CICC) plans to buy china investment securities for Rmb16.7bn (US$2.5bn) as the country's leading investment bank seeks to bolster its retail brokerage business. It would be CICC's biggest acquisition, and its first since listing in November 2015. The deal will give investment banking-focused CICC the means to boost its retail business in a country where frequent trading by smaller retail investors has boosted revenues at brokerages.