China Pacific Insurance issues HK$15.56 bn convertible bonds due 2030

China Pacific Insurance (Group) Co., Ltd. has issued HK$15,556,000,000 in zero-coupon convertible bonds due 2030, with an issue price of 100.15% of the principal amount. The bonds, convertible into H shares at an initial conversion price of HK$39.04 per H share, are intended for purchase by professional investors only and are listed on the Hong Kong Stock Exchange. The net proceeds of approximately HK$15,479.6 million will be used for insurance business development, strategic initiatives in health service, elderly care, AI+, internationalization, and general corporate purposes.

The company reported RMB28,806 million in net profit for the six months ended June 30, 2025, an increase from RMB25,858 million in the prior year. Total assets reached RMB3,030,100 million as of June 30, 2025. The offering reflects the company's commitment to balanced growth across its life and health, property and casualty, and asset management segments.