12 stories mentioning HKG:3908Updated 10d ago
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China International Capital (SHA:601995, HKG:3908), or CICC, subsidiary CICC Wealth reported first-half net profit of 2.39 billion yuan.The wealth subsidiary achieved operating revenue of 6.14 billion yuan during the period, according to a weekend filing with the Shanghai bourse.Shares of the financial services provider rose 2% in recent trade on the Shanghai and Hong Kong bourses.
ChangXin Memory Technologies (SHA:688825) has priced its initial public offering on the Shanghai Stock Exchange's STAR Market board, seeking to raise up to 57.9 billion yuan, according to a bourse filing on Wednesday.The Chinese chipmaker will offer 6.69 billion shares priced at 8.66 yuan apiece before any overallotment option. The shares represent 10% of the company's total share capital post-issuance.At that size, the company is poised to stage the biggest IPO in Asia so far this year and the largest Chinese A-Share semiconductor IPO to date, according to Reuters.An overallotment option of up to 15% has been granted to China International Capital (HKG:3908, SHA:601995). If fully exercised, the total number of issued shares will increase to 7.69 billion shares, representing 11.3% of the expanded share capital.
China International Capital (HKG:3908, SHA:601995) expects attributable profit of between 7.71 billion yuan and 8.23 billion yuan for the first half of 2026, up 78% to 90% from a year prior.The financial services provider attributed the forecast to a focus on the advancement of capital market reform, long-term strategic orientation, and a diversified portfolio; as well as growth in the international business among other factors, according to a Wednesday Hong Kong bourse filing.
Beijing Huafeng Test & Control Technology (SHA:688200) raised 749.5 million yuan from the issuance of convertible bonds, according to a Monday filing with the Shanghai bourse.The company raised 510.6 million yuan from the issuance of 510,583 lots to existing shareholders, and 235.9 million yuan from the issue of 235,875 lots to online subscribers.
Fitch Ratings maintained Dongxing Securities' (SHA:601198) long-term issuer default rating of BBB- on rating watch positive following a takeover proposal by China International Capital Corp. (HKG:3908, SHA:601995)The ratings reflect Fitch's expectation of support from Dongxing parent, China Orient Asset Management, as well as the merger being positive for Dongxing's credit profile.A consolidation of state ownership will help enhance Dongxing's operating scale and product capabilities, Fitch said.The debt watcher will resolve the rating watch positive on Dongxing upon regulatory approval.
Fitch Ratings upgraded China International Capital Corporation's (HKG:3908, SHA:601995) long-term issuer default rating to A- from BBB+, with a stable outlook.The agency also upgraded the same rating for its wholly owned subsidiary, China International Capital Corporation (International), to A- from BBB+.The ratings agency said the upgrade reflects CICC's strengthened strategic role in supporting China's capital market reforms and financial stability, underpinned by an extremely high probability of extraordinary support from the largest shareholder, Central Huijin Investment.Fitch also cited CICC's leading investment banking franchise, expanding international footprint, improving earnings, adequate capital position, and strong liquidity as key credit strengths.The stable outlook reflects Fitch's expectation that CICC will continue to benefit from strong shareholder support while maintaining its strategic importance to China's financial system.
Wens Foodstuff (SHE:300498) entered into a four-party supervision with Xinxing County Sub-branch of Agricultural Bank of China and China International Capital (HKG:3908, SHA:601995) for special accounts for raised funds, according to a Shenzhen bourse filing on Wednesday.The livestock company's shares fell 2% during Thursday's morning trade.The special accounts will be for 245 million yuan, which will be used for the construction of the Danwei Breeding Community Project and the Daitang High-Efficiency Breeder Chicken Farm Project.The funds were part of the 9.23 billion yuan in proceeds raised from the issuance of convertible bonds.
China International Capital (HKG:3908, SHA:601995) said the Shanghai Stock Exchange accepted its merger agreement to absorb Dongxing Securities (SHA:601198) and Cinda Securities (SHA:601059) for review, according to a Monday filing with the Hong Kong bourse.The firm is acquiring the businesses through a share-for-share exchange.Dongxing and Cinda will be absorbed and deregistered, with all assets, liabilities, and operations transferred to the enlarged group.The proposed share-swap mergers were first announced in November.
China International Capital (HKG:3908, SHA:601995) conducted a review into Bio-Thera Solutions' (SHA:688177) proposed foreign exchange hedging activities, according to a Shanghai bourse filing on Friday.The financial services provider said it has no objection to the proposal, which is found that are intended to improve Bio-Thera's ability to manage foreign exchange risks.
China International Capital (HKG:3908, SHA:601995) posted profit attributable to shareholders of 3.58 billion yuan for the first quarter, up 75% from 2.04 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the investment bank were down 2% in Thursday afternoon trade.Earnings per share came in at 0.703 yuan, compared with 0.382 yuan a year earlier.Operating revenue rose 54% to 8.8 billion yuan from 5.7 billion yuan in the prior-year period.
Shandong Chunguang Technology Group (SHE:301531) launched its initial public offering on the Shenzhen bourse, seeking to offer up to 54.9 million shares, according to a prospectus filed Thursday.The magnetic materials and electronic information technology company's IPO shares will constitute 25% of the company's entire shareholding following the offer.Upon completion of the IPO, Chunguang's share capital will rise to 219.7 million shares.China International Capital Corp. (HKG:3908, SHA:601995) is the sponsor and lead underwriter of the offering.
China International Capital's (SHA:601995, HKG:3908) expects an attributable profit of between 3.37 billion yuan and 3.88 billion yuan in the first quarter of 2026, up 65% to 90% from 2.04 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.The firm attributed the forecast to seizing favorable opportunities, rising trading activity, steady development, and business development among other factors.
