MS-CICC@EC2602A

CICC Issued Two Floating Rate Notes Worth $550M and $850M

CICC Issues Floating Rate Notes to Raise $1.4 Billion

CICC Approved to Issue Up to 35 Billion Yuan in Bonds

CICC Announces Rate Cut for '24 CICC G1' Bond and Offers Redemption Option

CICC Successfully Completes 3 Billion YUAN Perpetual Subordinated Bond Issue with a Coupon Rate of 2.30%

CICC Sees Significant Increase in Full-Year Net Profit

CICC expects net profit to grow by 50% to 85% in 2025

CICC Signs Strategic Cooperation Agreement With Huawei

CICC issues up to RMB 3 billion perpetual subordinated bonds

CICC Completes the Issuance of Sci-Tech Innovation Corporate Bonds

Sany International Signs Financial Product Investment Framework Agreement with CICC

CICC to Publicly Issue Sci-Tech Innovation Corporate Bonds

CICC Points Out Recent RMB Strength and Future Outlook

CICC Wealth Management Report Total Assets Reached 204.05 Billion Yuan

CICC Wealth Management reported a net profit of RMB 1.76 billion in 2025

CICC Proceeds with Repurchase Bond Resale

CICC Completes RMB 3 Billion Perpetual Subordinated Bond Issuance with Coupon Rate of 2.38%

Morgan Stanley Releases H-Share Investment Ratings for Chinese Securities Firms

CICC Wealth Launches Buy-Side Advisory Business Transformation and Builds Comprehensive Service System

LSEG Releases 2025 Annual Report with New Highs in M&A Transactions Involving Mainland China

UNI PRINTSHOP

WING CHI HLDGS

CINESE INTL

WAN KEI GROUP

CHINA WACAN

JH EDUCATION

DIGITAL DOMAIN

LOTUS HORIZON

VICO INTL HLDGS

K W NELSON GP

03908

601995

Bank of America Securities released a research report listing the investment ratings and target prices for Chinese brokerage stocks. CITIC Securities is rated as Buy, with a target price of HKD 35.7; Guotai Haitong is rated as Buy, with a target price of HKD 21.4; HTSC is rated as Buy, with a target price of HKD 22.1; GF SEC is rated as Buy, with a target price of HKD 22.9; CMS is rated as Underperform, with a target price of HKD 15.3; CGS is rated as Neutral, with a target price of HKD 12.1; CICC is rated as Buy, with a target price of HKD 26.9; CSC is rated as Buy, with a target price of HKD 15.7; DFZQ is rated as Underperform, with a target price of HKD 6.1

AASTOCKS

CAITONG SECURITIES

GTHT

CICC

HTSC

DFZQ

CMSC

CITIC SEC

GF SEC

GUOTAI JUNAN I

Guotai Haitong

CITIC Securities Co., Ltd.

"Major Banks" Bank of America Securities' Investment Ratings and Target Prices for Chinese Brokerage Stocks (Table)

512000

513750

159842

512880

Bank of America Securities released a report stating that the fundamentals of Chinese brokerage stocks have decoupled from their stock price performance. Despite upward revisions in profit forecasts, A-shares and H-shares have performed poorly, affected by the national team's reduction in holdings and equity financing. The bank believes that the fundamentals of brokerages are robust and anticipates the government to introduce supportive policies, expecting a strong revaluation of valuations. Bank of America Securities prefers H-shares, giving "Buy" ratings to Guotai Haitong, CICC, and GF SECURITIES, and upgrading the rating of HTSC to "Buy," with a target price of 22.1 yuan

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

E Fund CSI Hongkong Bond Investment Theme ETF

GF SECURITIES

Yinhua CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

"Big Banks" Bank of America Securities: The fundamentals of Chinese brokerage stocks are decoupled from stock price performance, looking forward to the introduction of supportive policies

03329

BOCOM International Holdings Co. Ltd. has announced the acquisition of US$10 million in CICC bonds. The transaction took place on February 6, 2026, through over-the-counter trading and is intended as a long-term investment to generate stable returns.

Reuters

BOCOM INTL

BOCOM International Holdings erwirbt CICC-Anleihen im Wert von 10 Millionen US-Dollar

600369

As of February 6, 28 securities firms have issued 157 bonds this year, raising a total of 419.35 billion yuan, a year-on-year increase of 457.65%. Among them, there are 97 securities company bonds, raising 293.53 billion yuan; 18 subordinated bonds, raising 46.62 billion yuan; and 42 short-term financing bonds, raising 79.2 billion yuan. Since February, several securities firms have been approved to issue bonds at the 10 billion yuan level, including Southwest Securities and CICC

Wallstreetcn

SWSC

The scale of domestic bond issuance by securities firms within the year exceeded 419.3 billion yuan, a year-on-year increase of 458%

As of February 6, 685 listed companies have received brokerage research teams this year. Leading brokerages, leveraging the advantages of their research teams, have become the "main force" in the research market, with CITIC Securities ranking first with 213 research visits; Changjiang Securities, Guotai Haitong, and CICC also exceeded 150 visits each; 12 brokerages including Guosen Securities, Huatai Securities, Western Securities, GF SEC, and CSC have all conducted over 100 research visits

Sealand Securities

SDHT

ZHONGTAI SECURITIES

Changjiang Securities

SINOLINK SECURITIES

GUOSEN SECURITIES

Western Securities

Huaan Securities

Since the beginning of the year, securities firms have "visited" a total of 685 A-share companies

06831

CICC Starts Green Tea Group at Outperform with HK$10 Price Target

marketscreener

GREEN TEA GROUP

CICC Starts Green Tea Group at Outperform with HK$10 Price Target

China International Capital Unit to Issue $1.4 Billion Notes

China International Capital Unit to Issue $1.4 Billion Notes

DRAG

.HXC

MCHI

CICC expects that liquidity in the money market will remain ample in 2026. In the second quarter, the People's Bank of China may increase easing efforts, leading to a decline in short-term interest rates and a steeper yield curve. It is anticipated that there will be two or more reserve requirement ratio cuts and interest rate reductions within the year, further improving the monetary policy interest rate adjustment mechanism and enhancing the effectiveness of interest rate transmission

Roundhill China Dragons ETF

Invesco Golden Dragon China

NASDAQ Golden Dragon China Index

iShares MSCI China

CICC: It is expected that the People's Bank of China will increase easing efforts in the second quarter, with two or more cuts in the reserve requirement ratio and interest rates throughout the year

China International Capital Corporation Limited (CICC) has raised US$1.4 billion through the issuance of two floating rate notes under its U.S.$10 billion Guaranteed Medium Term Note Programme. The offering consists of US$550 million notes due 2028 and US$850 million notes due 2029, issued via its subsidiary, CICC Hong Kong Finance 2016 MTN Limited.

CICC Raises US$1.4 Billion in Floating Rate Note Offering

603086

Syngenta Group, a subsidiary of China National Chemical Corporation, is selecting underwriters for a potential listing in Hong Kong, which is expected to become one of the largest IPOs in the city's history. CICC and UBS are assisting the company in preparing for the stock issuance, with fundraising potentially reaching up to $10 billion. Although the IPO could take place as early as this year, it may also take longer. Syngenta previously submitted an IPO application in 2021 but withdrew it in March 2024

Cynda

It is reported that Syngenta, a subsidiary of Sinochem Group, has hired an investment bank to prepare for a potential listing in Hong Kong as early as this year, considering raising up to 10 billion USD

According to calculations by authoritative institutions such as CICC and historical data on MSCI index adjustments, the estimated scale of passive fund purchases for **Jingtai Technology (02228.HK)** at tomorrow's (November 24, Monday) closing session is roughly as follows: Key data: Estimated purchase amount of approximately $120 million (equivalent to approximately HK$930 million). Data source: Based on the semi-annual adjustment forecast report of the MSCI China Index released by CICC. Calculation logic: Jingtai Technology has been included in the MSCI China Index this time...

XTALPI

MSCI

Alphabet - C

Alphabet

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

Gemini's liquidity forecast for Monday's MSCI China Index inclusion of XtalTech:

On July 11, the three major stock indices in Hong Kong rose together. In terms of sectors, technology stocks rose collectively, and securities and brokerage stocks mostly increased.

CPIC

ZA ONLINE

LAOPU GOLD

POP MART

MIXUE GROUP

GUMING

WUXI APPTEC

WuXi AppTec

AIA Group

LIANLIAN

OSL GROUP

HENGRUI PHARMA

Hengrui Pharma

PICC P&C

MAO GEPING

BLOKS

PING AN

Ping An Ins HK SDR2to1

Ping An

Ping An Insurance

EB SECURITIES

EBSCN

WUXI BIO

WuXi Biologics

CHINA LIFE

China Life

CHICMAX

XIAOMI-W

Xiaomi HK SDR 2to1

Xiaomi Corporation

AKESO

CHINA EB LTD

BEONE MEDICINES

BeOne Medicines

Beigene

REMEGEN

RemeGen

LINKLOGIS-W

Circle

The Hang Seng Index is approaching its highest level in nearly 3 years, with Chinese brokerage, insurance, and stablecoin concept stocks remaining hot!

$XTALPI(02228.HK) Southbound Stock Connect continues to increase holdings: 1,014,029,370    Percentage: 25.22%.  At the same time, CICC Securities' holdings continue to decrease: still holding 43,985,025 as of:  2025-05-20 Percentage 1.09. The overall trend is optimistic. Probably PICC has left. It's fine if they left. Under full circulation, this is a good thing.

MS-CICC@EC2602A(21668.HK)