证监会核准国信证券成为万和证券主要股东，对国信证券通过换股方式依法取得万和证券96.0792%的股份无异议

Group 1 - The China Securities Regulatory Commission (CSRC) has approved Guosen Securities to become the major shareholder of Wanhua Securities, acquiring 96.0792% of its shares through a share swap [1][2] - The approval allows Shenzhen Investment Holdings Co., Ltd. to become the actual controller of Wanhua Securities, emphasizing the need for risk isolation and strict regulation of related transactions [2] - Guosen Securities is required to develop a specific integration plan within one year, following the initial integration proposal submitted to the CSRC [2] Group 2 - As of the end of December 2024, Guosen Securities reported total assets of 501.506 billion yuan and net assets of 118.692 billion yuan, with operating income of 20.167 billion yuan and net profit attributable to the parent company of 8.217 billion yuan [3] - The securities industry is experiencing a wave of mergers and acquisitions, with notable examples including the mergers of Guotai Junan and Haitong, as well as Guolian and Minsheng [4] - The "Guosen + Wanhua" restructuring is seen as a strategic move to optimize the integration of brokerage licenses within local state-owned enterprises, aiming to enhance resource allocation and mitigate market risks for smaller brokerages [4]