By Linda Chiem ( July 13, 2015, 4:39 PM EDT) -- China International Capital Corp., one of China's top investment banks, is aiming to raise $1 billion in an initial public offering in Hong Kong this fall, The Wall Street Journal reported Monday. CICC is targeting a public float in October and plans to file an application to Hong Kong's stock exchange seeking approval for the listing in the coming weeks, according to the WSJ. An IPO would give some of CICC's well-known private equity shareholders — including KKR & Co. and TPG Capital, each of whom own approximately 10 percent stakes in CICC — a chance to exit their investment despite the upheaval in the Chinese stock markets, the WSJ said. Central Huijin Investment Ltd., the domestic investment arm of China's sovereign wealth fund, is the largest shareholder in CICC with an approximately 43.4 percent stake, while Singapore's GIC is another significant shareholder with a 16.35 percent stake....