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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.