Sou Hu Cai Jing·2025-11-19 14:40Core Viewpoint - China International Capital Corporation (CICC) is planning a major asset restructuring involving a share swap to absorb Dongxing Securities and Cinda Securities, aiming to enhance its position as a leading investment bank and support the high-quality development of the financial market [1][4][11]. Group 1: Restructuring Details - CICC will issue A-shares to all A-share shareholders of Dongxing Securities and Cinda Securities as part of the merger [1][4]. - The restructuring involves complex processes as it includes the simultaneous absorption of two A-share listed companies [4][7]. - The total assets of CICC, Dongxing Securities, and Cinda Securities are 764.94 billion RMB, 128.25 billion RMB, and 116.39 billion RMB respectively, leading to a combined total of 1,009.58 billion RMB post-merger [7][11]. Group 2: Suspension of Trading - CICC's A-shares will be suspended from trading starting November 20, 2025, due to the ongoing restructuring process [3][6]. - The suspension is expected to last no more than 25 trading days, in accordance with Shanghai Stock Exchange regulations [4][7]. Group 3: Strategic Goals - The merger aims to achieve economies of scale and synergies by combining the strengths and resources of the involved parties [4][11]. - The restructuring is positioned to enhance the quality of services provided to national strategies and the real economy, ultimately improving shareholder returns [4][11].