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In May, Citic Bank has said that it was buying the stake in CIFH from Citic Group for HKD13.56bn (USD1.75bn) and the deal would be completed in October.
Boutique US investment bank Evercore Partners Inc (NYSE: EVR) has said that it was launching a partnership with China's CITIC Securities International (CIFH) (HKG: 0183) that will focus on merger and acquisition advice between China and other international markets.
CITIC Capital, which currently manages over USD1.6bn of assets, is half owned by CITIC Pacific (0267.HK), while CITIC International Financial Holdings Ltd (CIFH) (HKG: 0183) holds the other 50 percent stake.
Earlier, Hong Kong-based CITIC International Financial Holdings Ltd (CIFH) had announced that its parent company, CITIC Group, would de-list the division soon.
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- Cifci Wing Tsun Organization