Zhong Guo Ji Jin Bao·2026-01-16 23:38Core Viewpoint - Yuexiu Capital is making significant moves by planning to sell up to 1% of its stake in CITIC Securities while simultaneously increasing its investment in Beijing Enterprises Holdings by up to 1 billion yuan [1][2][5]. Group 1: Stake Sale in CITIC Securities - Yuexiu Capital's board approved the sale of up to 1% of CITIC Securities' total shares, with authorization valid until December 31, 2026 [3]. - Currently, Yuexiu Capital is the second-largest shareholder of CITIC Securities, holding 1.266 billion shares, which is 8.54% of the total shares [3][5]. - The 1% stake corresponds to approximately 148.2 million shares, with current market values of 4.161 billion yuan for A-shares and 4.182 billion HKD for H-shares [5]. Group 2: Increased Investment in Beijing Enterprises Holdings - Yuexiu Capital plans to use up to 1 billion yuan of its own funds to increase its stake in Beijing Enterprises Holdings through the Hong Kong Stock Connect [5]. - As of January 16, Yuexiu Capital holds 55.913 million shares of Beijing Enterprises, representing 4.44% of its total shares [5]. Group 3: Strategic Objectives and Leadership Changes - The company stated that the purpose of the stake sale and increase is to align with its development strategy and optimize asset allocation [6][7]. - Recently, the company appointed a new chairman, Li Feng, following the resignation of the previous chairman, Wang Shuhui, due to work changes [7]. - As of June 30, 2025, Yuexiu Capital's total assets were 212.243 billion yuan, with a net profit of 1.558 billion yuan for the first half of 2025 [8].