First Capital Securities Limited (“First Capital Securities”), a wholly-owned subsidiary of China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269), which is mainly engaged in education industry investment and financial services, acted as a joint Bookrunner and a joint Lead Manager for the listing of Postal Savings Bank of China Co., Ltd. (“Postal Savings Bank of China”; stock code: 1658). Postal Savings Bank of China has been successfully listed in the world’s largest IPO in two years and trading of its shares on the Main Board of The Stock Exchange of Hong Kong Limited has commenced today.

Postal Savings Bank of China has been successfully listed in Hong Kong Exchanges and Clearing Limited

Postal Savings Bank of China offered a total of 12,106,588,000 shares under the global offering. Its initial public offering received a positive overall response being 1.6 times oversubscribed. The share price was fixed at HK$4.76 per share. The net proceeds raised amounted to approximately HK$56.6 billion. Based on closing price of HK$4.77 on Sept. 28th, the company’s market capitalization is approximately HK$385 billion.

Photo (from right to left): the Chairman of the Board of CFCG Mr. Wilson Sea, the Chairman of Postal Savings Bank of China Mr. Li Guohua and the Chairman of First Capital Fund Mr. Henry Hao

First Capital Securities has also participated in the IPOs of Human Health Holdings Limited (stock code: 1419) and China Golden Classic Group Limited (stock code: 8281) earlier, serving as a joint Bookrunner and a joint Lead Manager. Share subscription of these two IPOs was well-received and was particularly overwhelming for Human Health which was oversubscribed for about 667 times.

The Deputy Chief Executive Officer of CFCG Mr. He Yaobin (the fifth left)

Mr. He Yaobin, Deputy Chief Executive Officer of CFCG, said, “Such a large IPO recording an oversubscription reflects strong investment sentiment in the market. The Shenzhen-Hong Kong Stock Connect and the relaxation of rules to permits Mainland insurance funds to invest in Hong Kong stocks are expected to promote the liquidity of Hong Kong stocks and to positively affect the activities in the IPO and secondary security markets. Riding this trend, First Capital Securities will make the most of the favourable national policies to further expand its securities trading-related businesses, with the aim of providing financial support for CFCG’s education investment initiatives while offering investors diversified investment channels so they can capture more lucrative investment opportunities.”