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According to people familiar with the matter, BlackRock, and Temasek will be the cornerstone investors in Zhongji's potential $8 billion Hong Kong listing deal. People familiar with the matter revealed that investment institutions Spike Investment, Morgan Asset Management, Wellington Management Co. and Yunfeng Fund are also planning to participate in the transaction as cornerstone investors. Since the relevant information was not disclosed, people familiar with the matter requested anonymity. They said these cornerstone investors are expected to subscribe for nearly half of the shares. People familiar with the matter said that Zhongji Xuchuang plans to start accepting subscriptions from investors as early as Wednesday, which is expected to become the largest stock issuance transaction in Hong Kong in seven years. They said that the basic issuance scale was about 7 billion US dollars, but the over-allotment option could bring the final scale to 8 billion US dollars. People familiar with the matter added that discussions are still ongoing, and details, including the lineup of cornerstone investors, may change. Goldman, Morgan Asset Management, Temasek, and Spike Investments declined to comment. BlackRock, Wellington, and Yunfeng Foundation did not respond to requests for comment sent via email. Zhongji Xuchuang also did not respond.

Zhitongcaijing·07/21/2026 08:41:03
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According to people familiar with the matter, BlackRock, and Temasek will be the cornerstone investors in Zhongji's potential $8 billion Hong Kong listing deal. People familiar with the matter revealed that investment institutions Spike Investment, Morgan Asset Management, Wellington Management Co. and Yunfeng Fund are also planning to participate in the transaction as cornerstone investors. Since the relevant information was not disclosed, people familiar with the matter requested anonymity. They said these cornerstone investors are expected to subscribe for nearly half of the shares. People familiar with the matter said that Zhongji Xuchuang plans to start accepting subscriptions from investors as early as Wednesday, which is expected to become the largest stock issuance transaction in Hong Kong in seven years. They said that the basic issuance scale was about 7 billion US dollars, but the over-allotment option could bring the final scale to 8 billion US dollars. People familiar with the matter added that discussions are still ongoing, and details, including the lineup of cornerstone investors, may change. Goldman, Morgan Asset Management, Temasek, and Spike Investments declined to comment. BlackRock, Wellington, and Yunfeng Foundation did not respond to requests for comment sent via email. Zhongji Xuchuang also did not respond.