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The difference between CICC private placement and CICC capital
CICC Private Equity and CICC Capital are both subsidiaries of CICC, but their main business areas are different.

CICC private placement is mainly engaged in the management of private equity investment funds, that is, providing financial support for small and medium-sized enterprises, entrepreneurs or high-tech enterprises to help them with product research and development, market expansion, operation management and other work.

CICC Capital is engaged in a series of financial businesses such as M&A investment, asset management, bond investment, equity investment and overseas investment, and strives to build a cross-market and diversified global investment platform.

Therefore, the main business of CIC private placement is private investment management, while CIC capital is diversified financial business operation.