China International Capital Corporation Ltd. (CICC) has agreed to acquire the entire equity interest in Central Huijin Investment Ltd's securities business for RMB16.7 billion (US$2.5 billion), the firm said today. CICC, which counts Central Huijin as a substantial shareholder, will issue its domestic shares to Huijin as payment, in exchange for taking over China Investment […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.