ZhongAn Online P & C Insurance Co., Ltd (Zhong An, HKEX:6060) announced the completion of its H share placement on 4 July 2025. The company raised gross proceeds of about HK$3.92 billion (US$500 million).
The ZhongAn H share placement is said to be the company’s first equity financing since its IPO in 2017, a move which will help the company enhance its growth strategy.
A total of 215 million new H shares have been issued at HK$18.25 per share, representing approximately 12.76% of ZhongAn’s enlarged share capital. The net proceeds from the Zhong An H share placement will be put to use to strengthen the company’s capital base, which will in turn enhance its business development.
60% of the net proceeds will be utilised for ZhongAn’s insurance underwriting and asset management businesses, 30% will be put to use towards investing in fintech innovations, and the remaining 10% will be allocated for general corporate purposes.
The board of ZhongAn has stated that this capital infusion will empower the company’s dual-engine strategy, which involves driving its core insurance growth while scaling tech-driven solutions.
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