Insurer China Pacific Insurance Group Co. (CHNAQ.PK), part owned by the Carlyle Group, is planning to raise HK$23.54 billion, or about $3 billion, in its initial public offering, Bloomberg reported, quoting three people familiar with the matter.
The insurer and its state stakeholders together will reportedly offer 861.3 million shares at HK$26.8 to HK$30.1 per share. In the offering, 90.9% will be new shares, and the remaining will be existing shares of selling stakeholders. This may be the second-biggest share sale in Hong Kong this year, the report added.
China International Capital Corp., Credit Suisse Group AG, Goldman Sachs Group Inc. and UBS AG are managing the sale. The stock is expected to start trading on December 23.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.