国信证券获批成万和证券主要股东 券商并购整合加速一年内已完成六单

Group 1 - Guosen Securities has made significant progress in acquiring Wanhe Securities, with the China Securities Regulatory Commission (CSRC) approving Guosen as the major shareholder and Shenzhen Investment Holdings as the actual controller of Wanhe Securities [1][3] - The approval marks a formal step towards the largest integration of securities firms within the Shenzhen state-owned assets system, following a trend of accelerated mergers in the brokerage industry since 2025 [1][2] - The CSRC's approval allows Guosen Securities to issue shares to various investment groups as part of the acquisition process, indicating a structured approach to the merger [3][4] Group 2 - The merger is part of a broader trend in the securities industry, with six merger cases approved by the CSRC in the past year, highlighting a significant acceleration in industry consolidation [2][10] - Guosen Securities aims to leverage the advantages of the Hainan Free Trade Port and enhance its service capabilities in key economic regions of China, such as the Guangdong-Hong Kong-Macau Greater Bay Area and the Yangtze River Delta [5] - The financial performance of Guosen Securities has improved significantly, with a 57.1% year-on-year increase in revenue and an 89.52% rise in net profit for the first quarter of 2025, reflecting positive market sentiment towards the acquisition [6] Group 3 - The regulatory environment is increasingly supportive of mergers and acquisitions in the securities sector, with multiple policies introduced to foster the development of leading investment banks and institutions [7][8] - Notable recent mergers include the acquisition of Haitong Securities by Guotai Junan Securities, which is the largest A+H market merger in China's capital market history, and the completion of several other significant mergers [8][9] - Ongoing mergers in the industry include Huachuang Securities' acquisition of Pacific Securities, which is in the final stages of approval, and the anticipated integration of other brokerage firms under the control of Central Huijin [10]