The first Hong Kong stock fundraising business in RMB repatriation after the implementation of the new policy of Industrial and Commercial Bank of China.

On the 17th, it was learned from Industrial and Commercial Bank of China that recently, the bank, through its overseas subsidiary ICBC Asia, cooperated with ICBC Shanghai Branch to assist a certain semiconductor listed company in exchanging funds raised, and transferred the funds back to its domestic RMB account in the form of RMB. This is also the first case of RMB funds repatriation for a Hong Kong-listed company after the "Notice on Issues Related to the Management of Overseas Listing Funds of Domestic Enterprises" jointly issued by the People's Bank of China and the State Administration of Foreign Exchange was officially implemented on April 1, further facilitating domestic enterprises in efficiently financing in overseas financial markets.