Greater China Banks Daily: China banks back CXMT through AIC and IPO subscriptions; China banks‘ fines surged 46.42% YoY in H126

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Greater China Banks Daily: China banks back CXMT through AIC and IPO subscriptions; China banks‘ fines surged 46.42% YoY in H126

Global Research

28 July 2026ab

Greater China Banks Daily Equities

ChinaChina banks back CXMT through AIC and IPO

subscriptions; China banks’ fines surged 46.42% Banks

YoY in H126 MayAnalystYan

may.yan@ubs.com

+852-2971 7157

UBS China A-Share Conference 2026 and post-conference tour will take place this Alex Ye

AnalystSeptember. Join us for a holistic and in-depth China macro tour in Shenzhen,

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Dongguan and Beijing during 2-4 Sept (Wed-Fri), where we will meet financial

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Catherine Yang, CFAdynamics. Please reach out to us if you would like to register.

Analyst

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catherine-za.yang@ubs.com

China banks back CXMT through AIC and IPO subscriptions +86-755-2215 8860

The Paper, July 27: Several China banks invested in Changxin Technology (CXMT)

Helen Li, CFA

through their asset investment companies and other indirect financial vehicles, while

multiple bank wealth-management subsidiaries also joined the IPO subscription. helen-za.li@ubs.com

According to the prospectus, ICBC, CCB, ABC, BOC and BOCOM all participated +852-2971 6066

through their AIC arms, with CCB, ABC and ICBC among the larger holders as of June

27, 2026. Based on CXMT’s first-day closing price of Rmb49.00 per share, the banks’

holdings were roughly valued at Rmb132.3 billion. Separately, 29 wealth-management

products from five bank wealth subsidiaries, including MSB, BONB, IB, BONJ and PSBC,