A quick intro to China International Capital Corporation (CICC):

CICC is dubbed as  & ldquo China& rsquo s Goldman Sachs& rdquo  [9]. It is China& rsquo s first joint venture investment bank [10] and also one of the leading investment banks [11] in China with both Alibaba and Tencent as one of their substantial shareholders [12]. Singapore& rsquo s GIC is a shareholder of CICC too [13]. If you recall Global Logistic Properties (GLP), CICC took part in its initial public offering in SGX [14].

A reason for the recent surge in share price could be due to CICC being involved in many notable companies& rsquo second listing in Hong Kong such as the recent NetEase IPO [15]. It is reported that there are 251 Chinese companies with a primary listing in US stock markets [16]. Hence, there could be more IPOs to come and fees are in the millions of dollars. CICC is also rumoured to be involved in Yum China& rsquo s secondary listing [17].

As much as I like CICC, I felt that it was rather overbought due to the second listing hype. I might be wrong though but will consider buying back in the future. Hope that next week I will not have to bang my head against the wall if CICC share price continues to & ldquo chiong& rdquo .

i think if u are interested buy some first and wait for retrace to buy cheaper,

Maybe u can wait for retrace to get on the train.