July 18

CICC officially embarked on the way back to A, CEO: Back to A due to scale and other considerations

CICC officially embarked on the way back to A, CEO: Back to A due to scale and other considerations
On April 3, the Beijing Securities Regulatory Bureau updated the basic information of the tutoring enterprises, and the “Investment Noble” China International Capital Corporation (hereinafter referred to as “CICC”, 3908.HK) After announcing the proposed application for A-share issuance, Oriental Citi Securities Co., Ltd., China Galaxy Securities Co., Ltd. and CICC signed a counseling agreement on the initial public offering of A-shares and listing on the main board of the Shanghai Stock Exchange on March 4.  In the previous CICC performance announcement, for the company’s plan to return to the A, CICC CEO Huang Zhaohui explained that the company announced the issuance of A shares for listing due to scale and other considerations.  Huang Zhaohui said that for CICC, the scale is still a short board, and the lack of key resources restricts the company’s development.Currently, the company is in a strategic investment period. Although market share and per capita income are important, market share is the first priority during the strategic investment period. Both revenue growth and ROE are important, but revenue growth is the first priority during the strategic investment period.  Huang Zhaohui revealed that the funds raised will be used to increase the company’s capital and supplement operating funds to support the company’s domestic and foreign business development, including improving core business capabilities, expanding the size of emerging businesses, and further strengthening financial technology, internationalization and other strategiesInvest in the field and grasp the strategic M & A plan in a timely manner.  Information shows that CICC was established in 1995 and is the first domestic joint venture brokerage with registered capital of 43.6.9 billion yuan.According to data from the China Securities Regulatory Commission, as of October 2019, the company’s major shareholders include Tencent Mobility Limited, Alibaba Group Holding Limited, TPG Asia V Delaware, L.P., Mingli Group Holdings Limited, JPMorgan Chase & Co., OppenHeimerFunds, Inc.And other public shareholders.  According to CICC’s 2019 annual report, CICC’s total assets reached 3449 at the end of 2019.700 million yuan, an increase of 25.5% from the end of 20183%; net assets reach 482.RMB 900 million, an increase of 14. compared with the end of 20185%; total realized income and other income 227.800 million yuan, an increase of 22.9%; realized net profit 42.400 million yuan, an increase of 21.4%; weighted average return on net assets 9.6%.  From the perspective of income structure, the data released by CICC shows that CICC’s net income in 2019 (Note: deducting interest expenses) 168.8.7 billion yuan, an increase of 24% over the previous year.Among them, wealth management income accounted for the highest proportion, accounting for 23%, followed by investment banking income, accounting for 22%, stock business income accounted for 21%, fixed income income accounted for 16%, investment management income accounted for 12%, other incomeIt accounts for 7%.  From the perspective of domestic and foreign net income, the proportion of overseas net income has increased in 2019, achieving overseas net income of 41.2.4 billion yuan, accounting for 24%, a year-on-year increase of 42%; the net income in the mainland is still the main source of income for CICC, and the net income in the mainland will be 127 in 2019.6.3 billion yuan, an increase of 19% over the previous year.Reporter Zhang Siyuan Editor Sun Yong Proofreading Wei Zhuo

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June 2

Why is it that Chinese men’s basketball basically missed the Tokyo Olympics?The competition is too fierce

Why is it that Chinese men’s basketball basically missed the Tokyo Olympics?The competition is too fierce
The Chinese men ‘s basketball team defeated the World Cup, and the basketball association chairman Yao Ming was disappointed.Photo / Osports Beijing News (Reporter Xu Bangyin) On November 27, the draw of the 2020 Tokyo Olympics men ‘s basketball draw was held at the FIBA headquarters. 24 participating teams were divided into Belgrade, Kaunas, and SplitIn particular, the Victoria 4 division.From June 23 to 28, 2020, the defeat will start in the four divisions at the same time, and the first place in each division can advance to the Tokyo Olympics.The Chinese men’s basketball team was divided into Group A in the Victoria Division of Canada. The opponents in the same group were Greece, Canada, and the other three teams in the same division were Uruguay, Czech Republic and Turkey.Long before the result of the draw, the new Chinese men’s basketball coach Du Feng once admitted in an interview that losing the game is an impossible task, and the reality is indeed true, the Chinese men’s basketball team has basically been determined to miss the Tokyo Olympics.After the end of the 2019 Basketball World Cup, seven teams have directly advanced to the 2020 Tokyo Olympics. With the host of the Japanese men’s basketball team, there are only 4 places left for the 12 men’s basketball events in the Tokyo Olympics.For the Chinese men’s basketball team who missed the opportunity to go straight to Tokyo, they had lost 24 in 4 and the competition was extremely fierce.The final draw result was released, and the Chinese men’s basketball team was divided into the death group in the death zone.According to the Olympic Games lost match system, the 6 teams in each division are divided into two groups, group A and group B, respectively, within the group single cycle, after the decision within the group before the replacement, 4 teams cross position, singleIn the knockout games, only the final Olympics can get the only Olympic tickets.This means that the Greek team, the Canadian team, the Uruguay team, the Czech team, and the Turkish team are the territory of the Chinese men’s basketball team.The Chinese men’s basketball team needs to play against the Greek and Canadian teams in the same group. At least one of them will win the replacement before Group A; even before the Group A replacement, they will also have to play with Uruguay, Czech Republic and Turkey.The teams in the team directly confront each other and win this knockout match and the final division final in order to get the top spot in the division. It is hard to imagine.The Greek team was led by last season ‘s NBA regular season MVP “Alphabet Brother” Adetokumbo. It is the most popular team in the 2019 World Cup. Although it only won the 11th place in the World Cup, there is the possibility of “Alphabet Brother”.It is the number one hit in the Victoria Division.The Canadian team is also determined to win the Olympic tickets, actively hosting drop games, actively recruiting Wiggins, Murray, Barrett and other popular NBA stars, they hope to advance to the Tokyo Olympics at home.In addition, the Czech team is the biggest dark horse in the 2019 Basketball World Cup. Under the leadership of the top star Satoranski, the Czech team finally won the sixth place in the World Cup; the Turkish team is led by stars such as Ottoman and Ilya Sova, if notIn the death group, they also have the opportunity to advance to the top 16 of the World Cup; Uruguay is undoubtedly the weakest team in the Victoria Division. Facing the same fate as the Chinese men’s basketball team, they may only finish two games in the group.In the round-robin game, you have to end the trip to the losing game early.Attachment: 2020 Tokyo Olympics men’s basketball qualifiers 4 divisions (the first place to win Olympic tickets) Belgrade Division (Serbia) Group A: Dominica, New Zealand, Serbia Group A: Lithuania, South Korea, Venezuela Group B: Poland, Slovenia,Angola Split Division (Croatia) Group A: Germany, Russia, Mexico Group B: Tunisia, Croatia, Brazil Victoria Division (Canada) China, Canada Group B: Uruguay, Czech Republic, Turkey

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