- CICC released a report stating that companies such as ZIJIN GOLD INTL, Z.AI, and MINIMAX-W meet the inclusion criteria for the upcoming Hang Seng Index review on August 21.
- The broker calculated rankings based on market capitalization, industry representation, and coverage, placing several firms near the top of the potential candidate list.
- CICC noted that historical experience shows actual results often differ from quantitative rankings due to subjective inclusion criteria like industry representation.
- Wison Engineering secured a USD 283 million cross-border letter of guarantee for a project with a global oil and gas company in the Middle East.
- The guarantee was led by ICBC Shanghai Branch, with Bank of Communications Shanghai Branch and SPD Bank Shanghai Branch as co-issuers.
- HSBC and ICBC acted as re-issuing banks, forming a cross-border syndicated issuance model for large-scale guarantees.