Mei Ri Jing Ji Xin Wen·2025-11-19 14:09Group 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]