According to the latest data from the Hong Kong Stock Exchange, on August 28, shareholders of CITIC FAMC (02799) transferred shares from Citibank to HSBC Hong Kong, with a transaction value of HK$12.14 billion, representing 3.01% of the company.

China International Capital Corporation recently released a research report stating that considering CITIC FAMC's equity business revenue growth and declining liability costs, it has raised its 2025/2026 profit forecasts by 16%/20% to 11.5 billion yuan/11.4 billion yuan respectively. Due to the warming market risk appetite and the company's inclusion in the MSCI China Index which is expected to attract incremental capital, the firm raised its target price by 46% to HK$1.21, corresponding to 1.85x 2025e P/B with 0% upside potential, while maintaining a neutral rating.