New Stock News | Capital(601136.SH) Hong Kong IPO Approved by China Securities Regulatory Commission

On April 17, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Record Filing for Overseas Issuance and Listing of Capital Limited Shares". Capital (601136.SH) plans to issue up to 1,047,777,500 shares of overseas listed ordinary shares and list on the Hong Kong Stock Exchange. According to the prospectus, Capital is a leading financial services provider with a strong ability to create value, outstanding asset management capabilities, and a focus on distinctive and differentiated development. The company is based in Beijing and serves the whole country, building a one-stop financial services platform with a diverse and stable customer base. According to data from Frost & Sullivan, under Chinese accounting standards, in the years 2022 to 2024, the company's revenue and net profit compound annual growth rates rank fifth and tenth, respectively, among 42 A-share listed securities companies in China. By 2024, under Chinese accounting standards, the company's average return on total assets and non-recurring weighted average return on net assets rank first and seventh, respectively, among the aforementioned A-share listed securities companies.