CICC is a state-controlled vice-ministerial financial enterprise. CICC is an investment bank, that is, a securities company, a state-owned holding company, while Huijin is a wholly state-owned company and a quasi-government institution. Accept the authorization of the State Council to make equity investment in key state-owned financial enterprises; Other related businesses approved by the State Council.
Market participants independently choose business projects and carry out business activities according to law; Projects that are subject to approval according to law shall, after being approved by the relevant departments, carry out business activities in accordance with the approved contents.