中金公司，重要官宣，明起停牌

Group 1 - The core viewpoint of the article is that CICC is planning to merge with Dongxing Securities and Cinda Securities through a share swap, aiming to enhance its position as a leading investment bank and support the high-quality development of the securities industry [1] - The announcement states that to ensure fair information disclosure and protect investor interests, CICC's A-shares will be suspended from trading starting November 20, 2025, for a period not exceeding 25 trading days [1] - The restructuring is positioned as a strategic move to accelerate the establishment of a first-class investment bank and to support reforms in the financial market [1]