CICC Capital bans consulting firm Capvision after China crackdown

CICC Capital bans consulting firm Capvision after China crackdown

FILE PHOTO: The company logo of China International Capital Corporation Ltd (CICC), China’s first joint venture investment bank, is displayed at a news conference on the company's annual results in Hong Kong, China March 30, 2016. REUTERS/Bobby Yip

CICC Capital, a unit of Chinese investment bank CICC, has decided to stop using consultancy Capvision Partners’ services, three sources said, as some financial firms review their ties with China’s largest “expert network” group.

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