智通财经网·2025-09-15 01:02Core Viewpoint - On September 12, China Pacific Insurance (02601) transferred shares from HSBC to Citibank, with a market value of HKD 4.847 billion, representing 5.27% of the total shares [2] Group 1: Share Transfer - The transfer of shares involved a significant market value of HKD 4.847 billion [2] - The transfer accounted for 5.27% of the total shares held by China Pacific Insurance [2] Group 2: Bond Issuance - On September 11, China Pacific Insurance announced a subscription agreement to issue bonds totaling HKD 15.556 billion, which can be converted into H-shares under certain conditions [2] - The initial conversion price for the bonds is set at HKD 39.04 per H-share, subject to adjustments [2] - If the bonds are fully converted at the initial price, they would convert into approximately 398 million shares, representing about 14.36% of the existing H-shares and 4.14% of the total issued share capital [2] - After the conversion, the newly issued shares would account for approximately 12.55% of the expanded total H-shares and 3.98% of the total issued share capital, assuming no other changes in share capital [2]