China Industrial Securities International Financial Group Limited (CISI FIN, 06058.HK) has amended eight existing guarantees provided to global banking counterparties, raising the Group’s total committed guarantee ceiling by US$100.10 million to US$1.25 billion.
Key upward revisions 1. Societe Generale: limit lifted by US$10.00 million to US$210.00 million. 2. HSBC: raised by US$100.00 million to US$500.00 million, now the Group’s largest single guarantee. 3. Hang Seng Bank: increased by US$50.00 million to US$150.00 million. 4. Standard Chartered Bank: expanded by US$80.00 million to US$130.00 million.
Key downward revisions 1. JP Morgan: trimmed by US$50.00 million to US$200.00 million. 2. Morgan Stanley: sharply reduced by US$49.90 million to US$0.10 million. 3. Goldman Sachs: cut by US$20.00 million to US$30.00 million. 4. Nomura: cut by US$20.00 million to US$30.00 million.
Resulting exposure mix • Pre-adjustment aggregate guarantee limit: US$1.15 billion. • Post-adjustment aggregate guarantee limit: US$1.25 billion. • Net increase: US$0.10 billion, reflecting a strategic shift toward Asian and European banking partners.
All guarantees secure obligations of wholly owned subsidiary CISI Investment Limited under various Global Master Repurchase Agreements and ISDA Master Agreements. As the guarantees pertain to an internal subsidiary, they do not constitute notifiable or connected transactions under Hong Kong Listing Rules.
The Board states that the adjustments were executed through internal control processes to align with forthcoming investment plans. All counterparties are confirmed as independent third parties to the Group.
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