The current reform direction of China’s capital market emphasises enhancing market value performance and creating greater value for shareholders. As a conglomerate listed in Hong Kong and a key component of the Hang Seng Index, CITIC Limited plays a vital role in the Hong Kong capital market. The company’s board of directors and management place significant importance on investor returns and market value management. They integrate market value management into their long-term strategic framework, striving to achieve simultaneous growth in both company value and market value.
CITIC Limited has steadily implemented a series of market value management reforms in recent years: in terms of value creation, the company has strengthened its operational fundamentals by leveraging its strengths, establishing a strong foundation for long-term market value growth. With regard to value-driven operation, the company has developed a comprehensive top-level design and implementation mechanism for market value management that aligns with its specific circumstances, exploring the application of market value management tools. With a focus on value communication and realisation, the company actively participates in market communication activities including domestic and international roadshows, reverse roadshows and investment forums, providing targeted responses to investors’ core concerns. It emphasises the importance of channeling investors’ constructive suggestions internally, ensuring that the company’s reforms and growth align with capital market expectations.
In 2024, the company intensified its market value management efforts, achieving breakthroughs in several key reforms. Its market value has achieved positive growth for four consecutive years.
Implemented a self-funded stock purchase programme for mid-to senior-level management By the end of September 2024, total purchases had surpassed HKD100 million, reflecting the management’s strong confidence in the company’s strategic direction.
Introduced a shareholder return plan In November 2024, CITIC Limited unveiled its first shareholder return plan, stating that, while considering future capital needs and financing costs, dividends as a percentage of the net profit attributable to ordinary shareholders for the year of 2024 shall not be less than 27%, shall not be less than 28% for the year of 2025, and shall strive to reach 30% for the year of 2026.
Formally began to implement market value management assessments Following preliminary simulated assessments, all listed subsidiaries are included in the assessment framework in 2024, with results linked to their annual performance evaluations. Additionally, assessments are also conducted for headquarters departments, further reinforcing the company’s commitment to market value management and fostering a collaborative approach in this area.
In the future, CITIC Limited will enhance its market value management initiatives and further develop its management system. It will integrate the capital market’s valuation logic and value creation principles into its strategic framework. By converting investors’ expectations and requests into a catalyst for reform, the company aims to consistently elevate investment value, increase market recognition, and improve returns for its investors.
CITIC Limited has steadily implemented a series of market value management reforms in recent years: in terms of value creation, the company has strengthened its operational fundamentals by leveraging its strengths, establishing a strong foundation for long-term market value growth. With regard to value-driven operation, the company has developed a comprehensive top-level design and implementation mechanism for market value management that aligns with its specific circumstances, exploring the application of market value management tools. With a focus on value communication and realisation, the company actively participates in market communication activities including domestic and international roadshows, reverse roadshows and investment forums, providing targeted responses to investors’ core concerns. It emphasises the importance of channeling investors’ constructive suggestions internally, ensuring that the company’s reforms and growth align with capital market expectations.
In 2024, the company intensified its market value management efforts, achieving breakthroughs in several key reforms. Its market value has achieved positive growth for four consecutive years.
Implemented a self-funded stock purchase programme for mid-to senior-level management By the end of September 2024, total purchases had surpassed HKD100 million, reflecting the management’s strong confidence in the company’s strategic direction.
Introduced a shareholder return plan In November 2024, CITIC Limited unveiled its first shareholder return plan, stating that, while considering future capital needs and financing costs, dividends as a percentage of the net profit attributable to ordinary shareholders for the year of 2024 shall not be less than 27%, shall not be less than 28% for the year of 2025, and shall strive to reach 30% for the year of 2026.
Formally began to implement market value management assessments Following preliminary simulated assessments, all listed subsidiaries are included in the assessment framework in 2024, with results linked to their annual performance evaluations. Additionally, assessments are also conducted for headquarters departments, further reinforcing the company’s commitment to market value management and fostering a collaborative approach in this area.
In the future, CITIC Limited will enhance its market value management initiatives and further develop its management system. It will integrate the capital market’s valuation logic and value creation principles into its strategic framework. By converting investors’ expectations and requests into a catalyst for reform, the company aims to consistently elevate investment value, increase market recognition, and improve returns for its investors.