CICC HKAM

What CICC HKAM does

CICC HKAM (China International Capital Corporation Hong Kong Asset Management Limited) is a Hong Kong-domiciled, SFC-regulated asset manager established in December 2005 as a wholly-owned subsidiary of China International Capital Corporation Limited (CICC, 03908.HK, 601995.SH). It operates across the full SFC Type 1/4/9 regulatory triad — Dealing in Securities, Advising on Securities, and Asset Management — augmented by legacy RQFII (2011) and QFII (2013) licenses, and is headquartered at One International Finance Centre, Central, Hong Kong.

Its product platform spans money market ETFs (ICBC CICC USD Money Market ETF, the first actively managed ETF in Hong Kong launched 2019, NAV ~USD 1.22B; CICC HKD Money Market ETF, launched 2020, NAV ~HKD 559M), global investment grade bond mutual funds (launched March and October 2025, NAV ~USD 36M and ~USD 35M respectively), a Hong Kong equity fund (NAV ~HKD 37M), and pioneering specialty products including the CICC Carbon Futures ETF (first in Greater China, 2022) and China-themed index ETFs. Investment decisioning is supported by a proprietary automated portfolio management system with quantitative capabilities and a proprietary global asset allocation index (NOAR).

CICC HKAM generates revenue through ongoing management fees (subscription-recurring model) ranging from ~0.05% on money market institutional share classes to 1.25% on the HK Equity Fund. Distribution is dual-channel: listed ETF share classes trade on SEHK via market makers; unlisted share classes are sold through ten named participating dealers including CICC HK Securities, Citi, Haitong, Mirae Asset, BOCOM, CGS, China Merchants, GF Securities, KGI, and Merrill Lynch. The company targets two primary institutional segments — Chinese institutions seeking overseas asset allocation and global institutions seeking China exposure — and has accumulated a multi-year awards record (The Asset, AsianInvestor, China Fund News, China Securities Journal, Asia Asset Management) plus AAAmf and mfAAAg money market fund ratings in 2025.

Name

CICC HKAM

Legal name

China International Capital Corporation Hong Kong Asset Management Limited

Website

https://cicchkam.com

Company type

Private

Founded year

2005

Operating status

Operating

Short description

CICC HKAM is a Hong Kong-based SFC-regulated asset manager (wholly-owned by CICC) operating ETFs and mutual funds across money market, equity, fixed income, and carbon futures, serving Chinese and global institutional investors via SEHK-listed products and intermediary distribution.

Ownership category

akta.pro rank

Headquarters

HQ city

Central

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Asset Management Fees: CICC HKAM generates revenue primarily through management fees charged on assets under management across its ETF and mutual fund products. Fee structures vary by share class and fund type: money market ETFs charge between 0.05% and 0.60% per annum depending on share class; bond funds charge between 0% and 1.20% per annum; Hong Kong Equity Fund charges 1.25% per annum. These are ongoing charges deducted from fund NAV.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

CICC HKAM is an SFC-licensed (Type 1, 4, 9) asset manager that issues and manages Hong Kong-listed ETFs and unlisted unit trusts / mutual funds across money market (USD and HKD), Hong Kong equity, global investment-grade fixed income, China treasury bonds, China internet, CSI Select 100, and carbon futures strategies. The firm operates as the overseas asset management arm of China International Capital Corporation (CICC), offering Chinese institutions global market access and global investors access to China.

Product overview

CICC HKAM offers a comprehensive suite of investment products including Exchange Traded Funds (ETFs), Unit Trusts, and Mutual Funds. The product portfolio spans multiple asset classes including money market funds (USD and HKD denominated), equity funds (Hong Kong and China focused), fixed income funds (investment grade bonds), and specialized ETFs (carbon futures, Treasury bonds, internet sector). Key products include ICBC CICC USD Money Market ETF and CICC HKD Money Market ETF for liquidity management, CICC Hong Kong Equity Fund for equity exposure, CICC Global Investment Grade Bond Fund and CICC Select Investment Grade Bond Fund for fixed income, and CICC Carbon Futures ETF as the first carbon futures ETF in Greater China. The firm also offers proprietary indices like the CICC Global Nowcasting Asset Rotation Index (NOAR). Products are distributed as both listed (exchange-traded) and unlisted classes to serve different investor needs.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• ICBC CICC USD Money Market ETF assigned 'AAAmf' money market fund rating by Lianhe Global (March 2025)
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Investment Adviser (for CICC HKD Money Market ETF)coreTechnology or Integration · 30 June 2026An investment adviser has been delegated discretion for certificates of deposits (CDs) issued in Hong Kong under the CICC HKD Money Market ETF. A change of investment adviser was announced on 30 June 2026.
• Lianhe Ratings Global LimitedminorOthers · 5 March 2026Lianhe Ratings Global Limited assigned the ICBC CICC USD Money Market ETF an 'AAAmf' money market fund rating, reflecting the fund's strong ability to provide liquidity and preserve principal.
• Guotai Junan Capital LimitedcoreStrategic or Co-development Partner · 16 September 2025Guotai Junan Capital Limited served as joint sponsor and bookrunner alongside China International Capital Corporation Hong Kong for Hesai Group's dual listing on the Hong Kong Stock Exchange (stock code 2525), generating HK$4,160.2 million in gross proceeds.
• China Chengxin (Asia Pacific) Credit Ratings Company Limited (CCXAP)minorOthers · 13 August 2025CCXAP assigned the CICC HKD Money Market ETF an 'mfAAAg' money market fund rating, reflecting the fund's strong ability to provide liquidity and capital preservation, underpinned by strong credit quality, prudent investment strategy, good liquidity, and short maturity profile.
• Responsible Investment / ESG Framework PartnersminorStrategic or Co-development Partner · 21 July 2025CICC HKAM follows the six Principles for Responsible Investment (PRI) and is committed to building a comprehensive ESG assessment system with overall ESG scores, three pillar scores (environment, social responsibility, and corporate governance), and additional thematic scores for investment decision-making.
• Market Makers (for CICC HKD Money Market ETF)coreChannel Partner/ Reseller/ Distributor · 2 December 2020Market makers maintain liquidity in the secondary market for the CICC HKD Money Market ETF listed on SEHK.
• Participating Dealers (CICC HKD Money Market ETF)coreChannel Partner/ Reseller/ Distributor · 2 December 2020Participating dealers include: China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Asia Limited, Haitong International Securities Company Limited, Mirae Asset Securities (HK) Limited.
• Solactive AGcoreTechnology or Integration · 18 June 2019Solactive AG provides near real-time estimated NAV per unit calculation for CICC HKAM's money market ETFs. The near real-time estimated NAV per unit is updated every 15 seconds during SEHK trading hours for both HKD and USD money market ETFs.
• Hong Kong Exchanges and Clearing Limited (HKEX)coreTechnology or Integration · 18 June 2019HKEX operates the Stock Exchange of Hong Kong Limited (SEHK) where CICC HKAM's listed ETF products trade. HKEX, HKSCC, and SEHK are referenced in regulatory disclaimers for listed ETF products.
• Market Makers (for ICBC CICC USD Money Market ETF)coreChannel Partner/ Reseller/ Distributor · 18 June 2019Market makers maintain liquidity in the secondary market for listed ETF units. CICC HKAM ensures at least one market maker per counter for its ETFs.
• Participating Dealers (ICBC CICC USD Money Market ETF)coreChannel Partner/ Reseller/ Distributor · 18 June 2019Participating dealers include: China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Asia Limited, Haitong International Securities Company Limited, Mirae Asset Securities (HK) Limited, BOCOM International Securities Limited, CGS International Securities Hong Kong Limited, China Merchants Securities (HK), GF Securities (Hong Kong) Brokerage Limited, KGI Asia Limited, Merrill Lynch Far East Limited.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• iShares (BlackRock Hong Kong): BlackRock's iShares franchise competes in the HK ETF market with broader global reach and larger AUM, applying pricing pressure on CICC HKAM's money market and bond ETFs while serving overlapping global institutional clients.
• State Street Global Advisors Asia: State Street's SPDR ETF business competes in HK-listed ETFs and Asia-Pacific institutional asset management with much larger scale, serving global institutional clients that overlap with CICC HKAM's target segments.

Emerging players

• Premia Partners: Premia Partners is a Hong Kong-based ETF issuer focused on China, Asia, and ESG-themed ETFs—an emerging niche competitor in HK-listed ETFs with overlapping product themes but smaller scale than CICC HKAM.

Direct peers

• China Merchants Fund Management (HK): China Merchants Fund's Hong Kong subsidiary is both a participating dealer for CICC HKAM and a competitor offering RQFII funds, ETFs, and offshore investment solutions to similar Chinese institutional and global investor segments.
• Bosera Asset Management (International): Bosera International operates Hong Kong-listed ETFs and RQFII products targeting global and Chinese institutional investors, with comparable product breadth across fixed income, equity, and money market strategies.
• Harvest Global Investments: Harvest Global is a major Mainland Chinese asset manager's HK subsidiary, offering RQFII products, China equity/bond funds, and ETFs in Hong Kong—directly comparable to CICC HKAM's product mix and target client base.
• China Asset Management (HK): China AMC's Hong Kong subsidiary is a direct competitor offering China-themed ETFs, RQFII products, and offshore investment solutions for both Chinese institutional and global investors, with overlapping SFC licenses and parentage under a major mainland Chinese asset manager.
• E Fund Management (HK): E Fund's Hong Kong arm directly competes with CICC HKAM in Hong Kong-listed ETFs and offshore mutual funds targeting both Chinese institutional and global investors, with similar RQFII/QFII authorizations and China outbound positioning.
• Haitong International Asset Management: Haitong International's asset management division manages Hong Kong-listed ETFs, bond funds, and equity funds with similar SFC licensing and Chinese institutional client focus, serving as both a participating dealer and competing manager with CICC HKAM.

Others

• China International Capital Corporation (Parent): CICC's mainland investment banking and asset management operations provide the institutional distribution backbone and brand for CICC HKAM, while also being a related party competitor for certain cross-border mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CICC HKAM