2 1 Shi Ji Jing Ji Bao Dao·2025-12-17 11:55Group 1 - The core point of the article is the announcement of the merger plan between CICC, Dongxing Securities, and Xinda Securities, which will significantly enhance CICC's market position [2][3] - The exchange ratio for shareholders is set at 1:0.4373 for Dongxing Securities and 1:0.5188 for Xinda Securities, indicating how many CICC shares each shareholder will receive in exchange for their shares [2] - Following the merger, CICC will become the fourth brokerage firm in the industry to exceed total assets of 1 trillion yuan, joining the "trillion club" [2] Group 2 - The merger will involve the transfer of all assets, liabilities, businesses, personnel, contracts, qualifications, and other rights and obligations from Dongxing Securities and Xinda Securities to CICC [2] - Dongxing Securities and Xinda Securities will have their legal entity status canceled as part of the merger process [2] - The stocks of all three companies are set to resume trading on December 18 [2]