[2][3][4] Towards the end of 2002, CITIC Capital Markets entered the retail mutual funds business in Hong Kong.

It would rely on CITIC Ka Wah Bank and Cargary Securities to act as its distributors.

Around this time, Zhang Yichen moved from CITIC Pacific to join the firm as deputy CEO and would oversee the new business strategy.

The aim was to build a business infrastructure so it could later support CITIC Securities which at time was limited in its exposure to the funds industry.

[2] In June 2015, Fubon Financial Holding Co. acquired a 20% stake of CITIC Capital.