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China International Capital Corporation (CICC) held its inaugural Investment Forum (US) & Opening Celebration of its San Francisco office on October 12th, 2017 at Four Seasons Hotel in San Francisco, USA. More than 200 guests attended the event which featured multiple panel discussions addressing the Chinese economy and the current environment for US-China cross-border mergers and acquisitions. The opening of the San Francisco office is a significant step in expanding CICC’s footprint in North America after the opening of its New York office in 2009. CICC hopes that its expanded presence will allow it to better serve its Chinese clients in cross-border mergers and acquisitions and fund raising and, at the same time, provide US companies with access to Chinese corporations and investors.
Mr. Bi Mingjian, Chief Executive Officer of CICC, welcomed the attendees and addressed the great potential of US-China commerce. “The US and China are the two largest economies and trading partners in the world. We expect the rapid historical growth of this relationship to continue long into the future. CICC, due to its preeminent standing in China, is ideally positioned to help facilitate this future by helping industry-leading corporations access these two enormous markets. Opening our San Francisco office is a critical step in our efforts to capitalize on this opportunity.” said Mr. Bi.
Speaking on behalf of the Chinese Consulate, Mr. Yang Yihang, Economic and Commercial Counsellor, said that “Silicon Valley will play an increasingly important role in promoting the China-US economic relationship. Today, CICC comes to Silicon Valley to set up a new office in San Francisco – the financial center of the US West Coast. It will benefit China and US bilateral economic and trade cooperation, and will make contributions to the innovation and cooperation of our two countries in the financial sector.”
Following the opening luncheon, attendees heard three panels – composed of thought leaders from the worlds of economics, industry and private equity – discuss issues affecting US-China cross-border mergers and acquisitions. The panels addressed the current economic outlook for China, lessons from recent US-China cross-border mergers and acquisitions, and the current perceptions of the private equity and venture capital industries toward investment into China.
CICC is a full-service investment bank headquartered in Beijing with over 200 offices across mainland China and international offices in New York, San Francisco, London, Singapore and Hong Kong. CICC has more than 6,700 global employees and offers investment banking, equities, FICC, wealth management and investment management services on the basis of strong research coverage to its clients. CICC is publicly traded on the Hong Kong Stock Exchange (stock code: 3908).