经济观察网 11月19日晚，中金公司、东兴证券、信达证券发布《关于筹划重大资产重组的停牌公 告》，三家公司正在筹划由中金公司通过向东兴证券全体A股换股股东发行A股股票、向信达证券全体 A股换股股东发行A股股票的方式换股吸收合并东兴证券、信达证券。 ...

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 骆民）信达证券公告，公司与中金公司、东兴证券正在筹划由中金公司通 过向东兴证券全体A股换股股东发行A股股票、向信达证券全体A股换股股东发行A股股票的方式换股吸 收合并东兴证券、信达证券。公司A股股票将于2025年11月20日开市时起停牌。本次重组涉及到A+H股 两地上市公司同时吸收合并两家A股上市公司，涉及事项较多、流程较为复杂，根据上海证券交易所的 相关规定，预计停牌时间不超过25个交易日。 ...

Key Points - 合富中国's stock will resume trading on November 20 after completing an investigation into unusual trading fluctuations, confirming normal business operations and no undisclosed significant matters [1] - 中金公司 plans to merge with 东兴证券 and 信达证券, leading to a suspension of its A-shares starting November 20 due to uncertainties surrounding the merger [1] - 大为股份 is progressing with the transition from exploration to mining rights for its lithium battery project in Hunan, having received necessary approvals [1] - 燕东微's major shareholders plan to reduce their stakes by up to 2.5% through block trades or centralized bidding from December 11, 2025, to March 11, 2026 [2] - 中水渔业's major shareholder reduced its stake to 5% after selling 258.88 million shares [3] - 韵达股份 reported a slight decline in express service revenue for October 2025, totaling 4.495 billion yuan, a year-on-year decrease of 0.88% [4] - 倍杰特 intends to acquire a 55% stake in 大豪矿业 for 224.8 million yuan [4] - 辰奕智能 plans to acquire a 55% stake in 华泽电子 through cash [4] - 赣粤高速's actual controller will change from the provincial transportation department to the provincial state-owned assets supervision and administration commission [5] - 东软集团 received a notification for a 4.2 billion yuan contract for intelligent cockpit controllers from a major domestic automotive manufacturer [5] - 海正药业's subsidiary plans to invest in a pet prescription food project [5] - 龙利得's controlling shareholder plans to increase its stake by at least 56 million yuan [6] - 新兴装备's shareholders plan to reduce their stakes by up to 3.13% [6] - 普洛药业 plans to repurchase shares worth between 180 million and 360 million yuan [6]

Core Viewpoint - The merger of China International Capital Corporation (CICC) with Dongxing Securities and Xinda Securities aims to enhance capital strength, integrate customer resources, and solidify CICC's leading position in the securities industry, leveraging "scale effects + business synergy" for multiple growth drivers in performance [1][3]. Group 1: Merger Details - CICC is planning a stock swap to absorb Dongxing Securities and Xinda Securities, enhancing its capital strength and competitive position in the securities industry [1]. - The combined entity will rank third in the industry in terms of the number of branches, with a total of 196 branches across the three firms [2]. - The merger is expected to create synergies between CICC's investment banking capabilities and the retail brokerage strengths of Dongxing and Xinda, enhancing comprehensive financial services [2][4]. Group 2: Financial Performance - As of September 2025, CICC reported a net capital of 46 billion yuan, with a significant increase in revenue and net profit, achieving 20% and 130% growth year-on-year, respectively [4]. - Dongxing Securities achieved a revenue of 3.61 billion yuan and a net profit of 1.6 billion yuan in the first three quarters of 2025, marking a 20.3% and 70% increase year-on-year [4]. - Xinda Securities reported a total revenue of 3.02 billion yuan and a net profit of 1.35 billion yuan, reflecting a year-on-year growth of 28.5% and 53% [4]. Group 3: Strategic Implications - The merger is part of a broader trend in the securities industry, with ongoing consolidation efforts aimed at enhancing competitiveness and service capabilities [6][7]. - Regulatory policies are creating a favorable environment for mergers and acquisitions, encouraging leading firms to strengthen their core competencies through strategic consolidations [7]. - This merger aligns with national financial strategies, aiming to build a stronger, more capable financial service platform that supports the real economy and national strategic goals [7][8].

智通财经APP讯，中金公司(03908)公布，于2025年11月19日，该公司、东兴证券(601198.SH)及信达证券(601059.SH)(连同东兴证券合称"A股标的公司")签订 一份具法律约束力的合作协议，以吸收合并及换股方式进行合并，该公司(作为存续实体)将向A股标的公司在上交所上市的A股的持有人发行在上交所上市 的A股。拟议合并需提呈交易方各自的董事会、股东会审议，并经有权监管机构批准后方可正式实施。 此外，公司在上交所上市的A股(股份代号：601995.SH)将于2025年11月20日上午开市时起暂停买卖，而公司相关A股公告列明，预计暂停买卖时间不超过25 个A股交易日。 公司在联交所上市的H股及票据将暂停买卖，以待与有权监管机构确认拟议合并适用的合规要求，及待公司根据《香港联合交易所有限公司 证券上市规则》刊发一份载有公司内幕消息的公告。 ...

Group 1 - The core point of the article is that Xinda Securities is planning a stock swap merger with China International Capital Corporation and Dongxing Securities, which will involve issuing A-shares to the shareholders of both companies [1] - Due to significant uncertainties regarding the merger, Xinda Securities has applied for a trading suspension of its A-shares starting from November 20, 2025, to ensure fair information disclosure and protect investor interests [1] - As of the report, Xinda Securities has a market capitalization of 57.7 billion yuan [1] Group 2 - For the first half of 2025, Xinda Securities' revenue composition is as follows: 40.14% from securities and futures brokerage, 36.49% from proprietary trading, 12.61% from asset management, 9.43% from other businesses, and 1.32% from investment banking [1]

【11月19日信达证券公告筹划换股吸收合并事宜，股票将停牌】11月19日，信达证券(601059.SH)公告 透露，公司正与中金公司、东兴证券筹划换股吸收合并。由中金公司向东兴证券和信达证券全体A股换 股股东发行A股股票，实施换股吸收合并。 为保证公平信息披露、维护投资者利益，信达证券A股股票 将于2025年11月20日开市起停牌，预计停牌不超25个。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 ...

本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 【11月19日东兴证券公告筹划重大资产重组事项】11月19日，东兴证券公告透露，公司正与中金公司、 信达证券筹划重大资产重组。此次是由中金公司换股吸收合并东兴证券、信达证券。为保证公平信息披 露、维护投资者利益，东兴证券A股股票（证券简称：东兴证券，证券代码：601198）将于2025年11月 20日开市起停牌，预计停牌不超25个。据悉，本次重组有助于加快建设一流投资银行，支持金融市场改 革与证券行业高质量发展。 ...

【中金公司筹划换股吸收合并东兴证券、信达证券，A股股票将停牌】11月19日，中金公司公告称，正 筹划换股吸收合并东兴证券、信达证券。方式为向两家公司全体A股换股股东发行A股股票。鉴于事项 有重大不确定性，经申请，公司A股股票于2025年11月20日开市起停牌，预计不超25个。11月19日，中 金公司与两家被吸并方签署《合作协议》。本次重组需三方股东会审议及监管机构批准，存在不确定 性。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 ...

Core Viewpoint - The announcement details a legally binding cooperation agreement for a merger between the company, Dongxing Securities, and Cinda Securities, which will involve a share exchange and absorption merger, pending board and regulatory approvals [1] Group 1: Merger Details - The merger will be executed through an absorption merger and share exchange, with the company as the surviving entity [1] - The company will issue A-shares listed on the Shanghai Stock Exchange to A-share holders of the targeted companies [1] - The proposed merger requires approval from the respective boards, shareholders, and relevant regulatory authorities before implementation [1] Group 2: Trading Suspension - The company's A-shares (stock code: 601995.SH) will be suspended from trading starting November 20, 2025, for a period not exceeding 25 trading days [1] - The company's H-shares and notes will also be suspended pending confirmation of compliance requirements with regulatory authorities [1] - A subsequent announcement will be made in accordance with the Hong Kong Stock Exchange's listing rules regarding insider information [1]