Fitch Ratings: Upgraded China CITIC Financial Assets (02799.HK) long-term issuer rating to "BBB+" with a "stable" outlook.

On July 21, Fitch Ratings upgraded China CITIC Financial Asset Management Co., Ltd. (China CITIC Financial Asset) (02799.HK) long-term foreign and local currency Issuer Default Ratings (IDR) from "BBB" to "BBB+", government support rating (GSR) from "bbb" to "bbb+", and viability rating (VR) from "ccc" to "ccc+". The outlook is stable.