CITIC SEC announced the completion of its targeted H-share issuance to strategic investor China CITIC Financial Holdings on 6 August 2026. A total of 803.73 million new H shares were allotted at HK$23.13 per share, raising gross proceeds of HK$18.59 billion (approximately RMB16 billion).

After deducting issuance expenses, net proceeds stand at HK$18.41 billion, implying a net issue price of HK$22.91 per share. The company plans to retain the funds overseas to develop its international business and to inject up to RMB16 billion into wholly owned subsidiary CSI in one or more tranches, subject to regulatory approvals and business needs.

The placement expands CITIC SEC’s total share capital from 14.82 billion to 15.62 billion shares. While the A-share count remains unchanged at 12.20 billion, outstanding H shares have risen from 2.62 billion to 3.42 billion, increasing the H-share proportion from 17.68% to 21.91%.

Following the transaction, CITIC Financial Holdings owns 3.74 billion shares—2.30 billion A shares and 1.44 billion H shares—representing 23.96% of the enlarged share base. The newly issued H shares are subject to a 48-month lock-up and rank pari passu with existing H shares. The Hong Kong Stock Exchange has granted approval for their listing, and the company continues to meet the minimum public-float requirement under Rule 19A.28B.