CITIC Securities announced on Thursday plans to issue 794 million H-shares through a private placement to its major shareholder, CITIC Financial Holdings, at an issue price of HK$23.13 ($2.95) per share. The offering is expected to raise approximately 16 billion yuan ($2.36 billion), which will be used to develop the securities company's international business.

Specific uses of the proceeds include capital injections into CITIC Securities International, expansion of capital intermediary services, and replenishment of overseas operating liquidity.

CITIC Financial Holdings will subscribe to all shares issued in the placement with cash and has committed not to transfer the acquired shares within 48 months. Upon completion of the issuance, CITIC Financial Holdings' stake in CITIC Securities is projected to increase to 23.91 percent.

The private placement is expected to further strengthen strategic coordination between CITIC Group, CITIC Financial Holdings and CITIC Securities, deepen resource integration and business collaboration, and demonstrate strong support for CITIC Securities’ international expansion.

The funds raised are expected to effectively ease capital constraints on CITIC Securities and its overseas subsidiaries, enhance the capital strength and risk resilience of its international business operations, and better support Chinese enterprises in global expansion while facilitating inbound international capital flows.

In its 2025 annual report, CITIC Securities said it will accelerate its internationalization strategy. Currently, the company has branches in 13 countries and operates across more than 60 financial markets.

CITIC Securities said in the report that the company completed multiple IPO, placement and cross-border merger and acquisition transactions across Southeast Asia, India, Europe, Japan, Australia and other markets. In 2025 alone, the company completed 91 overseas equity transactions, representing an aggregate underwriting value of $7.91 billion, calculated on the basis of equal allocation of each project's total offering among bookrunners.