China Pacific Insurance lists HK$15.5bn bonds, reports premium growth

China Pacific Insurance (Group) Co., Ltd. announced the listing of HK$15,556,000,000 zero-coupon convertible bonds due 2030 on the Hong Kong Stock Exchange. Trading is expected to commence on September 19, 2025. The company intends to use the net proceeds for developing its insurance business, implementing strategic initiatives in health and elderly care, AI+, internationalization, and general corporate purposes, including supplementing working capital.

The listing follows the completion of the bond issue on September 18, 2025, and an application to the Hong Kong Stock Exchange for listing and permission to deal in the bonds, targeting professional investors. The company has also obtained approval for the listing of Conversion Shares on the Hong Kong Stock Exchange and will proceed with relevant CSRC filings.

For the period between January 1, 2025, and August 31, 2025, China Pacific Life Insurance Co., Ltd. reported accumulated primary premium income of RMB217.050 billion, a 13.2% year-on-year increase. China Pacific Property Insurance Co., Ltd. recorded RMB142.809 billion in accumulated primary premium income, a 0.4% year-on-year increase.