MBGFSEC@EC2606A(25844.HK)

GF Securities Co. Ltd. has successfully completed a private placement of 219 million new H shares at HK$18.15 per share, raising HK$3.98 billion. The placement was made to at least six investors and is not a public offering in the U.S. Proceeds will enhance cross-border investment banking capabilities, support offshore subsidiaries, and fund general purposes. This announcement was published via the Hong Kong Stock Exchange.

Reuters·01/14/2026 21:56

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+0.39%

000776

+1.52%

Reuters·01/14/2026 21:56

"New Shares" Chip manufacturer Chip World Technology applies for listing in Hong Kong

Chip World Technology submitted a listing application to the Hong Kong Stock Exchange, with GF SECURITIES and CITIC SEC as joint sponsors. The company focuses on the research, design, and sales of code-type flash memory chips. In the first three quarters of 2023, it achieved revenue of nearly RMB 380 million, a year-on-year increase of 10%, and realized a profit of approximately RMB 8.418 million. The funds raised from the listing will be used for research and innovation, product iteration, and enhancing operational capabilities

AASTOCKS·01/09/2026 14:22

AASTOCKS·01/09/2026 14:22

Huatai Securities: GF Securities' refinancing aids capital expansion and internationalization, maintaining a "Buy" rating

Huatai Securities pointed out that GF Securities plans to raise over HKD 6 billion through H-share placement and the issuance of zero-coupon convertible bonds to increase capital for its overseas subsidiaries. This will enhance the company's capital strength and promote the development of international business. Huatai Securities maintains its forecast for GF Securities' net profit attributable to shareholders from 2025 to 2027 and adjusts the target prices for A-shares and H-shares, maintaining a "Buy" rating

AASTOCKS·01/09/2026 11:24

AASTOCKS·01/09/2026 11:24

Chinese financial firms press on with debt issuance to fund overseas expansion

Chinese financial institutions raised over US$10 billion last year for overseas expansion and yuan internationalisation, a trend that continues this year. GF Securities is raising HK$6.12 billion through new shares and convertible bonds to support its offshore subsidiaries. Other firms like China Pacific Insurance and ICBC have also issued bonds for similar reasons. The push for globalisation is driven by squeezed domestic profit margins, with many brokerages planning capital injections into their international operations. Hong Kong's stock market remains active, attracting mainland investors and encouraging further expansion by Chinese financial firms.

南华早报·01/09/2026 07:30

南华早报·01/09/2026 07:30