Banking News
- CICC trails rivals in profit
Date: 12-Jul-2007 Sources: (Shenzhen Daily)
CHINA International Capital Corp. (CICC), the investment bank part-owned by Morgan Stanley, posted yesterday a smaller first-half profit than rivals Everbright Securities Co. and Huatai Securities Co.
The company had net income of 461.4 million yuan (US$61 million) in the first half. Everbright posted first-half profit of 2.1 billion yuan and Huatai earned 1.73 billion yuan in the period. CICC's profit rose from 172.8 million yuan a year earlier.
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