Xin Lang Cai Jing·2025-11-04 07:24Core Viewpoint - CICC's stock price has been declining for four consecutive days, with a total drop of 6.87% during this period, reflecting market challenges and investor sentiment [1] Group 1: Company Overview - China International Capital Corporation (CICC) is headquartered in Beijing and was established on July 31, 1995, with its listing date on November 2, 2020 [1] - The company operates through six main divisions: Investment Banking, Equity Sales and Trading, Fixed Income, Wealth Management, Investment Management, and Other Services [1] - The revenue composition of CICC is as follows: Wealth Management 32.58%, Equity Business 25.78%, Fixed Income 13.38%, Investment Banking 11.26%, Other 8.87%, Asset Management 4.21%, and Private Equity 3.91% [1] Group 2: Fund Holdings - Tianhong Fund holds a total of 512.51 million shares of CICC across two funds, resulting in a floating loss of approximately 158.88 thousand yuan based on the current stock price [2] - The Tianhong CSI All-Share Securities Company ETF (159841) increased its holdings by 177.34 thousand shares in Q3, now holding 505.61 thousand shares, which represents 2.01% of the fund's net value [2] - The Tianhong CSI All-Share Securities Company ETF Initiated Link A (008590) also increased its holdings by 13.9 thousand shares in Q3, now holding 69.8 thousand shares, representing 0.08% of the fund's net value [2]