Xin Lang Cai Jing·2025-11-20 02:24Group 1 - The core point of the news is the planned merger of China International Capital Corporation (CICC) with Dongxing Securities and China Cinda Securities, which will create a significant player in the securities industry with total assets reaching 1 trillion yuan and a net profit of 9.5 billion yuan [1] - CICC is currently the leader in various financial metrics within the industry, and post-merger, it is expected to rank fourth in total assets and sixth in net profit among its peers [1] - The merger involves a share swap where CICC will issue A-shares to the shareholders of Dongxing and Cinda, with trading of all three companies' A and H shares expected to be suspended for up to 25 trading days starting November 20 [1] Group 2 - Investors are looking for opportunities to profit from this merger, with comparisons drawn to the merger of Guotai Junan and Haitong Securities, which resulted in a strong performance in the securities sector [2] - The ETF Dongcai (159692) is highlighted as a potential investment vehicle, allowing investors to gain exposure to the combined entity without being affected by the suspension of trading [2] - The Dongcai ETF consists of 30 leading securities firms, selected based on their business rankings, market capitalization, revenue, and profitability, making it a concentrated investment option in the sector [3]