Sou Hu Cai Jing·2026-01-17 01:39Core Viewpoint - Yuexiu Capital is planning to reduce its stake in CITIC Securities by selling up to 1% of its total shares while simultaneously increasing its investment in Beijing Enterprises Holdings by up to 1 billion yuan [1][2][5]. Group 1: Stake Reduction in CITIC Securities - Yuexiu Capital has agreed to sell up to 1% of CITIC Securities' total shares, with the authorization valid until December 31, 2026 [2]. - Currently, Yuexiu Capital is the second-largest shareholder of CITIC Securities, holding 1.266 billion shares, which is 8.54% of the total shares [2][4]. - 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 [4]. Group 2: Increase in Stake 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 reduction in CITIC Securities is to optimize asset allocation and enhance long-term asset value [6]. - Following the resignation of the former chairman Wang Shuhui, Li Feng has been elected as the new chairman of Yuexiu Capital [6][7]. - As of June 30, 2025, Yuexiu Capital's total assets are reported to be 212.243 billion yuan, with a net profit of 1.558 billion yuan for the first half of 2025 [7].