Nan Fang Du Shi Bao·2025-11-19 14:17Core Viewpoint - CICC is planning a significant asset restructuring involving a merger with Dongxing Securities and Cinda Securities, aiming to enhance its position as a leading investment bank and support the development of the financial market [1][2]. Group 1: Restructuring Announcement - CICC announced a suspension of trading on November 20, 2025, due to the major asset restructuring plan [2]. - The restructuring involves CICC issuing A-shares to all shareholders of Dongxing Securities and Cinda Securities in a stock swap merger [1][2]. Group 2: Strategic Goals - The merger is expected to accelerate the establishment of a first-class investment bank and contribute to the high-quality development of the securities industry [2]. - CICC aims to achieve economies of scale and synergies through the integration of resources and capabilities from the three firms, enhancing service quality and shareholder returns [2]. Group 3: Company Profiles - Dongxing Securities, established in May 2008, offers a comprehensive financial service system covering wealth management, investment trading, investment banking, asset management, and futures [2][4]. - Cinda Securities, founded in September 2007, excels in special asset investment banking, has made significant progress in wealth management transformation, and emphasizes financial technology investment [2][4]. Group 4: Financial Performance - As of the end of September 2025, CICC reported a revenue of 20.76 billion with a year-on-year growth of approximately 54%, and a net profit of 6.57 billion, up 130% [3]. - Dongxing Securities achieved a revenue of 3.61 billion and a net profit of 1.6 billion, reflecting a 70% year-on-year increase [3][4]. - Cinda Securities reported total revenue of 3.02 billion and a net profit of 1.35 billion, with a year-on-year growth of 28% and 53% respectively [4].