CCXC has formed various strategic alliances with well known international financial institutions to enable joint actions on the domestic and international capital market. The alliance structures ensure win-win situations for partners on both ends that they strengthen CCXC’s capacity of capital operation, and introduce foreign financial institutions into the Chinese market. At the beginning of 2003, CCXC and Merrill Lynch entered into an MOU of establishing long-term strategic alliance, according to which the parties will provide joint advisory services in their Chinese investment banking transactions including overseas listings, cross-border M&A transactions, and NPL management. Recently, Merrill Lynch, BOCI and CCXC act as joint advisor to North China Pharmaceutical Group Corporation in its corporate restructuring program. To Merrill Lynch, this is its first Chinese investment banking transaction and first co-operation with Chinese investment banks.

Other strategic partners include Pasco International Financial Securities L.L.C. (for IPOs on NASDAQ), Core Pacific Yamaichi and Tiffit Securities (Hong Kong) Ltd. (for IPOs on HKSE), Deloitte Touche,JS Cresvale and NewCap Partners Inc.(for corporate finance and M&A advisory services), and World Bank/International Finance Corporation (for private sector finance).