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。 ...

Core Viewpoint - The announcement indicates that the company is planning a share swap merger with Dongxing Securities and Cinda Securities, which involves significant complexities and uncertainties [1] Group 1: Merger Details - The company will issue A-shares to all A-share shareholders of Dongxing Securities and Cinda Securities as part of the merger [1] - The merger is classified as a significant restructuring event, involving both A and H share listed companies [1] Group 2: Stock Suspension - To ensure fair information disclosure and protect investor interests, the company's A-shares will be suspended from trading starting November 20, 2025 [1] - The suspension is expected to last no more than 25 trading days, as per the regulations of the Shanghai Stock Exchange [1] Group 3: Compliance and Disclosure - During the suspension period, the company will actively advance the necessary work and comply with legal disclosure obligations [1] - The company will issue timely announcements regarding the progress of the merger and will apply for stock resumption once the relevant matters are confirmed [1]

Core Viewpoint - The announcement of a major asset restructuring plan involving China International Capital Corporation (CICC), Dongxing Securities, and Cinda Securities aims to create a leading investment bank and support the high-quality development of the securities industry [1][4]. Group 1: Restructuring Details - CICC plans to absorb Dongxing Securities and Cinda Securities through a share exchange, issuing A-shares to all shareholders of both companies [1]. - The restructuring is expected to enhance resource integration, achieve economies of scale, and improve shareholder returns [4]. Group 2: Financial Performance - For the first three quarters of 2025, CICC reported revenues of 20.76 billion yuan, a year-on-year increase of approximately 54%, and a net profit of 6.57 billion yuan, up 130% [4]. - Dongxing Securities achieved revenues of 3.61 billion yuan and a net profit of 1.6 billion yuan, reflecting a 70% increase year-on-year [5]. - Cinda Securities reported total revenues of 3.02 billion yuan and a net profit of 1.35 billion yuan, with a year-on-year growth of 28% [5]. Group 3: Strategic Context - The restructuring aligns with the 2023 Central Financial Work Conference and the new "National Nine Articles," which emphasize the cultivation of leading investment banks and institutions [4]. - The goal is to develop 2-3 internationally competitive investment banks by 2035, contributing to China's modernization and financial strength [4].

Group 1 - The core point of the article is that China International Capital Corporation (CICC) is planning a share swap merger with Dongxing Securities and Cinda Securities, which involves issuing A-shares to the shareholders of both companies [1][3] - CICC announced that its A-shares will be suspended from trading starting November 20, 2025, due to the significant uncertainties surrounding the merger [1][3] - The merger aims to accelerate the establishment of a first-class investment bank and support the high-quality development of the securities industry, leveraging the combined resources and capabilities of the involved parties [3] Group 2 - CICC's latest market capitalization is approximately 168.4 billion yuan, while Cinda Securities and Dongxing Securities have market capitalizations of about 57.7 billion yuan and 42.4 billion yuan, respectively [3][5][8] - The merger requires approval from the boards and shareholders of all three companies, as well as regulatory authorities, before it can be officially implemented [3] - The actual controller of all three companies is Central Huijin Investment Ltd., which has recently been approved by the China Securities Regulatory Commission to control multiple financial institutions [10][11]

【#北京首例头部券商合并重组#！#中金拟吸收合并东兴证券信达证券# 】11月19日，中金公司公告 称，与东兴证券、信达证券正在筹划由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（以下简称"本次重组"）。 公告还提到，鉴于上述事项存在重大不确定性，为保证公平信息披露，维护投资者利益，避免造成公司 股价异常波动，根据上海证券交易所的相关规定，经中金公司申请，公司A股股票将于11月20日（星期 四）开市时起开始停牌。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。同日，信 达证券、东兴证券也分别公告称，公司A股股票将自11月20日起停牌，预计停牌时间不超过25个交易 日。（北京商报记者 李海媛） 图片来源:公告裁图 8月14日，中国证监会核准西部证券成为国融证券 主要股东,核准陕西投资集团有限公司成为国融证券、 国融基金、首创期货实际控制人。 2月7日,中国证监会核准原国盛金融控股集团股 份有限公司 (以下简称"国盛金控") 吸收 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China International Capital Corporation Limited 於2027年到期的700,000,000美元浮動利率票據 （股份代號：4310） 於2025年到期的650,000,000美元利率為5.42厘的票據 （股份代號：5619） 03908 於2027年到期的500,000,000美元利率為5.012厘的票據 （股份代號：4309） 應中國國際金融股份有限公司（「本公司」）要求，(i)本公司H股及(ii)均由CICC Hong Kong Finance 2016 MTN Limited發行並由中國國際金融（國際）有限公司擔保及受益於本公司提 供之維好契據的六支票據，包括於2027年到期的500,000,000美元利率為5.012厘的票據（股 份代號：4309）、於2027年到期的700,000,000美元浮動利率票據（股份代號：4310）、於 2025年到期的65 ...

【导读】中金公司（601995）官宣合并信达证券（601059）、东兴证券（601198） 汇金系券商大整合迈出第一步！ 11月19日晚间，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和信达证券全 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。 这意味着，中央汇金旗下券商将减至6家，分别是中金公司、中国银河（601881）证券、中信建投（601066）、申万宏源、光大证券以及长城国瑞证券。 三家券商明日起停牌 中金公司公告称，公司A股股票将于2025年11月20日（星期四）开市时起开始停牌。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。 | 证券代码 证券简称 停复牌类型 | 停牌起始日 停牌期间 停牌终止日 复牌日 | | --- | --- | | ୧01995 中金公司 A 股 停牌 | 2025/11/20 | 信达证券、东兴证券亦公告称，公司A股股票将于2025年11月20日（星期四）开市时起开始停牌，预计停牌 ...

智通财经APP讯，中毅达(600610.SH)公告，中金公司拟换股吸收合并信达证券。截至本公告出具日， 信达证券-兴业银行-信达兴融4号集合资产管理计划直接持有公司2.6亿股股票(占公司截至本公告出具日 总股本的24.27%)，为公司的控股股东;信达证券作为资管计划的管理人，代为行使实际控制人权利，系 公司的实际控制人。 ...

Core Viewpoint - The article discusses the merger and acquisition activities among major securities firms in China, specifically focusing on the restructuring involving China International Capital Corporation (CICC), Dongxing Securities, and Xinda Securities, which marks a significant step in the integration of Central Huijin's securities firms [1][5]. Group 1: Merger and Acquisition Details - On November 19, CICC, Dongxing Securities, and Xinda Securities announced a major asset restructuring plan, involving a share swap where CICC will issue A-shares to the shareholders of both Dongxing and Xinda [2]. - The restructuring will involve both A and H shares, and due to the complexity of the process, trading will be suspended for a maximum of 25 trading days starting November 20, 2025 [3]. Group 2: Financial Performance - For the first three quarters of 2025, CICC reported revenues of 20.76 billion, a year-on-year increase of 54.36%, and a net profit of 6.57 billion, up 129.75% [3]. - Dongxing Securities achieved revenues of 3.61 billion, a 20.25% increase, and a net profit of 1.60 billion, up 69.56% [3]. - Xinda Securities reported revenues of 3.02 billion, a 28.46% increase, and a net profit of 1.35 billion, up 52.89% [3]. Group 3: Industry Positioning - Post-merger, the combined assets of the three firms will reach approximately 1009.58 billion, with revenues of 27.39 billion and net profits of 9.52 billion, positioning them as the fourth largest in the industry by total assets and sixth by net profit [4]. - The merger is part of a broader trend of consolidation in the securities industry, driven by regulatory support for larger firms to strengthen their market positions [8][9]. Group 4: Central Huijin's Role - Central Huijin has become the controlling shareholder of several securities firms, including CICC, Dongxing, and Xinda, indicating a strategic move towards consolidating its influence in the securities sector [5][6]. - The integration of these firms is seen as a critical step in enhancing their competitive advantages and operational efficiencies within the industry [5][8]. Group 5: Market Trends - The article highlights ongoing trends in the securities industry, including increased mergers and acquisitions as firms seek to enhance their scale and capabilities [8][9]. - Analysts predict that the concentration of assets and profits in the industry will continue to rise, leading to a more competitive landscape dominated by a few large players [8][9].

中毅达公告称，中金公司拟换股吸收合并公司实际控制人信达证券。截至公告出具日，信达证券－兴业 银行－信达兴融4号集合资产管理计划直接持有公司2.6亿股（占总股本24.27%），为控股股东，信达证 券为实际控制人。本次重组不涉及公司控股股东持有的公司股份，不会导致控股股东变化，不影响公司 正常经营。重组方案以交易文件为准，尚需经内部决策和监管机构批准，能否实施存在不确定性。 ...