Hua Xia Shi Bao·2025-11-19 23:43Core Viewpoint - The announcement of a major asset restructuring involving China International Capital Corporation (CICC), Dongxing Securities, and Cinda Securities aims to facilitate a merger through a share exchange, enhancing the capabilities and resources of the involved companies to create a leading investment bank and support the development of the financial market and securities industry [1] Group 1 - CICC, Dongxing Securities, and Cinda Securities have announced a suspension of trading due to the planning of a significant asset restructuring [1] - The restructuring involves CICC issuing A-shares to all A-share shareholders of Dongxing Securities and Cinda Securities, leading to a merger of the two A-share listed companies [1] - Trading suspension will begin on November 20, 2025, and is expected to last no more than 25 trading days due to the complexity of the merger process [1] Group 2 - The merger is expected to accelerate the establishment of a first-class investment bank and support high-quality development in the securities industry [1] - The integration aims to achieve economies of scale and synergies by combining the strengths and resources of the involved parties [1] - The restructuring is anticipated to enhance the quality and effectiveness of services provided to national strategies and the real economy, ultimately improving shareholder returns [1]