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]

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].

2025年11月19日，公司与东兴证券、信达证券签署《合作协议》，就本次重组作出若干原则性约定。根 据《合作协议》，公司将通过向东兴证券全体A股换股股东以及信达证券全体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。 中金公司表示，截至目前，本次重组的具体合作方案以三方进一步签署的交易文件为准。本次重组尚需 履行必要的内部决策程序，并需经有权监管机构批准后方可正式实施，能否实施尚存在不确定性。 东兴证券（601198.SH）、信达证券（601059.SH）今晚也同时发布了关于筹划重大资产重组的停牌公 告。东兴证券公告称，公司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 （星期四）开市时起开始停牌。信达证券公告称，公司A股股票（证券简称：信达证券，证券代码： 601059）将于2025年11月20日（星期四）开市时起开始停牌。 中国经济网北京11月19日讯 中金公司（601995）(601995.SH)今晚发布关于筹划重大资产重组的停牌公 告称，公司与东兴证券（601198）股份有限公司（以下简称"东兴证券"）、信达证券（601059）股份有 限公司（以下简称 ...

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]

Core Viewpoint - CICC is planning a significant restructuring involving the merger with Dongxing Securities and Xinda Securities through a share exchange, aiming to enhance its position as a leading investment bank and support the high-quality development of the financial market [1][2][4]. Group 1: Restructuring Details - CICC, Dongxing Securities, and Xinda Securities have signed a cooperation agreement regarding the restructuring, which requires approval from their respective boards and regulatory authorities before implementation [2][4]. - The restructuring will involve the issuance of A-shares to the shareholders of Dongxing and Xinda Securities, leading to a complex merger process [1][2]. - CICC's A-shares will be suspended from trading starting November 20, 2025, for a period not exceeding 25 trading days due to the uncertainties surrounding the restructuring [1][2][4]. Group 2: Financial Performance - For the first three quarters, CICC reported a revenue of 20.761 billion yuan, a year-on-year increase of 54.36%, and a net profit attributable to shareholders of 6.567 billion yuan, up 129.75% [7]. - Dongxing Securities achieved a revenue of 3.610 billion yuan, reflecting a 20.25% increase, with a net profit of 1.599 billion yuan, up 69.56% [7]. - Xinda Securities reported a revenue of 3.019 billion yuan, a 28.46% increase, and a net profit of 1.354 billion yuan, up 52.89% [7]. Group 3: Market Capitalization - As of November 19, 2025, CICC's A-share price was 34.89 yuan, with a total market capitalization of 168.4 billion yuan [7]. - Dongxing Securities' share price was 13.13 yuan, resulting in a market capitalization of 42.442 billion yuan [7]. - Xinda Securities had a share price of 17.79 yuan, leading to a market capitalization of 57.693 billion yuan [7].

Core Viewpoint - CICC is planning a major asset restructuring by merging with Dongxing Securities and Cinda Securities through a share swap, aiming to enhance its capabilities and support the high-quality development of the financial market [1][5]. Group 1: Restructuring Details - CICC, Dongxing Securities, and Cinda Securities announced a suspension of trading as they plan a share swap merger, with CICC issuing A-shares to the shareholders of both companies [1][5]. - The restructuring is expected to create a combined asset scale of approximately 1,009.58 billion yuan, with CICC's total assets at 764.94 billion yuan, Cinda Securities at 128.25 billion yuan, and Dongxing Securities at 116.39 billion yuan [4][5]. Group 2: Strategic Benefits - The merger aims to accelerate the establishment of a first-class investment bank and support the reform of the financial market, leveraging the complementary strengths of the three companies to achieve economies of scale and synergies [4][6]. - CICC's business advantages will complement the resources and networks of Dongxing and Cinda, enhancing comprehensive financial services for a broader client base [5][6]. Group 3: Financial Performance - For the first three quarters of 2025, CICC reported a revenue of 20.76 billion yuan, a year-on-year increase of approximately 54%, and a net profit of 6.57 billion yuan, up 130% [7]. - Dongxing Securities achieved a revenue of 3.61 billion yuan and a net profit of 1.60 billion yuan, reflecting a 70% increase year-on-year [7]. - Cinda Securities reported a total revenue of 3.02 billion yuan and a net profit of 1.35 billion yuan, with a year-on-year growth of 28% and 53% respectively [8]. Group 4: Industry Context - The trend of mergers and acquisitions in the securities industry has accelerated, with several notable mergers completed or in progress, driven by policy support for enhancing core competitiveness [9][10]. - The integration of resources through mergers is seen as beneficial for improving competitive positions within the industry and promoting supply-side reforms [9][10].