What is the level of CICC?

CICC is a deputy ministerial unit.

CICC, the full name of China International Capital Corporation, is a financial institution in China. According to the organizational structure of China government, government agencies can be divided into different levels according to their functions and status, including ministerial units and deputy ministerial units. Vice-ministerial units are the first-level government agencies in China, which are subordinate to ministerial units. Deputy ministerial units have certain powers and responsibilities in government agencies and are responsible for performing specific tasks and functions. As a deputy ministerial unit, CICC has certain independent operation ability and decision-making power, and undertakes the responsibilities of financial investment and business development.