China Pacific Insurance proposes HKD convertible bonds for professional investors

China Pacific Insurance (Group) Co., Ltd. is proposing to issue Hong Kong dollar-denominated H-share convertible bonds to professional investors, specifically excluding the general public in Hong Kong and related parties. These bonds will be offered outside the United States under Regulation S of the U.S. Securities Act. The company states that the amount, terms, and conditions of the proposed convertible bond issuance are yet to be determined.

The proceeds from the convertible bond issuance are intended to support the company's core insurance business, fund its "Big Health, AI+, Internationalization" strategic initiatives, and supplement its working capital for general corporate purposes. China Pacific Insurance plans to apply for the listing and trading of the convertible bonds on the Hong Kong Stock Exchange as a debt instrument, solely for professional investors.

Furthermore, the company will seek approval for the listing and trading of the H shares converted from these bonds on the Hong Kong Stock Exchange. As of the announcement date (September 11, 2025), no definitive agreements have been reached, and the issuance may not proceed. Investors are advised to exercise caution when trading the company's shares.