CICC recently became one of the investment managers for the enterprise annuity fund for China Southern Power Grid. This is another major EA account for CICC following Cheng Du Aircraft Industrial Group and Xu Zhou Coal and Mining Group.

China Southern Power Grid Co, Ltd. was formed based on several state owned enterprises, such as, Guangdong Power Group Co, Ltd, China Southern Power Co, Yunnan Power Group, Guangxi Power Co, Guizhou Power Co. and Hainan Power Co. The company was initiated and funded through the three governmental entities of Guangdong provincial government, the State Power Grid Co and Hannan provincial government. It is one of the global fortune 500 players with total asset over RMB 290 billion and 160,000 employees by the end of 2006.