Turning Thirty and Thriving: CICC's Long-Termism and 'Going Abroad' Methodology

Jiaxin International Resources Investment Limited's simultaneous listing on the Hong Kong Stock Exchange and Kazakhstan's Astana International Exchange in 2025 represented more than a routine IPO. The transaction was complex. The company remained in early commercialization with unproven market acceptance. The dual-listing model broke new ground, as did the issuance of Central Asia's first RMB-denominated stock.

Yet, serving as lead sponsor, CICC navigated each obstacle with precision, identifying the strategic value of the Bakuta tungsten mine, refining pricing strategy, coordinating capital flows and aligning regulatory requirements across markets. The result: US$176 million in successful fundraising and a global record for simultaneous dual listings.