这意味着，总资产在万亿元级以上的券商将增至4家，前三家分别是中信证券、国泰海通证券和华泰证 券。 值得注意的是，截至2024年末，东兴证券设有92家分支机构，信达证券设有104家分支机构，分别深耕 福建和辽宁区域，与中金财富在区域上形成有力互补。初步统计显示，本次合并后，三家券商营业部合 计数量将位居行业第三。 汇金系券商大整合迈出第一步! 11月19日晚间，中金公司、东兴证券、信达证券发布《关于筹划重大资产重组的停牌公告》，三家公司 正在筹划由中金公司通过向东兴证券和信达证券全体A股换股股东发行A股股票的方式换股吸收合并东 兴证券、信达证券。 这意味着，中央汇金旗下券商将减至6家，分别是中金公司、中国银河证券、中信建投、申万宏源、光 大证券以及长城国瑞证券。 三家券商明日起停牌 中金公司公告称，公司A股股票将于2025年11月20日(星期四)开市时起开始停牌。本次重组涉及到A+H 股两地上市公司同时吸收合并两家A股上市公司，涉及事项较多、流程较为复杂，根据上海证券交易所 的相关规定，预计停牌时间不超过25个交易日。 信达证券、东兴证券亦公告称，公司A股股票将于2025年11月20日(星期四)开市时起开始停牌 ...

Core 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]

Core Viewpoint - China International Capital Corporation (CICC) plans to conduct a stock swap merger with Dongxing Securities and Xinda Securities, aiming to enhance its capabilities and support the development of the financial market and securities industry [3][5]. Group 1: Merger Details - CICC, Dongxing Securities, and Xinda Securities announced a suspension of trading on their A-shares starting November 20, 2025, due to the planned merger [3][5]. - The merger will involve CICC issuing A-shares to the shareholders of Dongxing and Xinda, with an expected suspension period of no more than 25 trading days [5][6]. Group 2: Ownership Structure - Central Huijin Investment indirectly holds 78.67% of Xinda Securities through China Cinda and 45.14% of Dongxing Securities through Oriental Asset [4][5]. - Central Huijin is also the actual controller of CICC, holding 40.11% of its shares directly [5]. Group 3: Financial Performance - For the first three quarters of 2025, CICC reported revenues of 20.76 billion, a 54% increase year-on-year, and a net profit of 6.57 billion, up 130% [6]. - Dongxing Securities achieved revenues of 3.61 billion, a 70% increase, and a net profit of 1.6 billion, up 70% [6]. - Xinda Securities reported revenues of 3.02 billion, a 28% increase, and a net profit of 1.35 billion, up 53% [6]. Group 4: Post-Merger Projections - The combined entity is expected to have total assets of approximately 1009.58 billion and a net profit of 9.52 billion, with net assets projected to reach 171.5 billion [7]. - Post-merger, the new company will rank fourth in total assets in the industry, following CITIC Securities, Guotai Junan, and Huatai Securities [8]. Group 5: Business Synergies - The merger is anticipated to create complementary business strengths, with CICC's investment banking capabilities enhancing the client resources and capital strengths of Dongxing and Xinda [9]. - The integration aims to improve service offerings and expand into new business areas, leveraging the strengths of the asset management companies involved [9].

Core Viewpoint - The announcement from CICC, Dongxing Securities, and Xinda Securities indicates a planned merger through a share exchange, aiming to enhance the capabilities and resources of the combined entity, thereby supporting the development of a first-class investment bank and contributing to the high-quality growth of the securities industry [1] Group 1: Merger Details - CICC is planning to issue A-shares to all A-share shareholders of Dongxing Securities and Xinda Securities as part of the merger process [1] - The three companies have announced a trading suspension starting November 20, with an expected duration of no more than 25 trading days to ensure fair information disclosure and protect investor interests [1] Group 2: Strategic Goals - The merger is expected to accelerate the construction of a leading investment bank and support financial market reforms [1] - The integration aims to achieve economies of scale and synergies, enhancing the quality and effectiveness of services provided to national strategies and the real economy, while also improving shareholder returns [1]

2025.11.19 本文字 年初，"汇金系"券商合并预期一度升温。2月中旬，财政部所持中国信达、中国东方的股权全部划转至 中央汇金，中证金融的部分股权也划转至中央汇金。 股权划转后，中央汇金名下的证券公司增至8家，包括多家龙头券商和中小券商。其中包括直接持股的 中金公司、中信建投；间接持股的中国银河、东兴证券、信达证券和长城国瑞证券。 此次重组的三家公司中，中金公司是"A+H"券商，2015年便在H股上市，2020年11月"回A"。 三季报显示，今年前9月，中金公司实现营收207.61亿元，同比增长54.36%；净利润65.67亿元，同比增 长 129.75%，同期资产总额达到7649.41亿元，较去年年末增长13.37%。 数：1208，阅读时长大约2分钟 作者 | 第一财经 周楠 又一起证券业重大合并"官宣"，主角是三家"汇金系"券商，主导方是龙头券商中金公司。 中金公司11月19日晚间披露，正在筹划重大资产重组，拟换股吸收合并东兴证券、信达证券，三方已在 19日签署协议，对重组作出原则性约定，但尚需各自董事会、股东会审议，并经监管机构批准后方可正 式实施。 三家公司的股票，将从20日起停牌。中金公司称 ...

2025.11. 19 本文字数：1208，阅读时长大约2分钟 作者 | 第一财经 周楠 又一起证券业重大合并"官宣"，主角是三家"汇金系"券商，主导方是龙头券商中金公司。 中金公司11月19日晚间披露，正在筹划重大资产重组，拟换股吸收合并东兴证券、信达证券，三方 已在19日签署协议，对重组作出原则性约定，但尚需各自董事会、股东会审议，并经监管机构批准 后方可正式实施。 三家公司的股票，将从20日起停牌。中金公司称，重组涉及到A+ H股两地上市公司同时吸收合并两 家A股上市公司，涉及事项较多、流程较为复杂，根据相关规定，预计停牌时间不超过25个交易日。 中金公司并称，此次重组将有助于公司加快建设一流投资银行，支持金融市场改革与证券行业高质量 发展。通过重组各方能力资源的有机结合、优势互补，力争在合并后实现规模经济和协同效应，提高 公司服务国家战略和实体经济的质效，并提升股东回报水平。 从股东背景看，这3家券商均是汇金系券商。三季报显示，截至9月末，中央汇金分别持有中金公司 19.36亿股，持股比例40.11%，为控股股东；通过中国信达、东方资产间接持有信达证券、东兴证 券股份，持股比例分别为和78.67%和4 ...

Core 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].

Core Viewpoint - The major asset restructuring involving three "Hui Jin" brokerages, led by China International Capital Corporation (CICC), aims to enhance the competitiveness and efficiency of the investment banking sector in China through a share-swap merger with Dongxing Securities and Xinda Securities [2]. Group 1: Restructuring Details - CICC announced on November 19 that it is planning a significant asset restructuring, proposing a share-swap merger with Dongxing Securities and Xinda Securities, with agreements signed on the same day [2]. - The stocks of the three companies will be suspended from trading starting November 20, with an expected suspension period not exceeding 25 trading days due to the complexity of the merger process [2]. - The restructuring is expected to facilitate the construction of a first-class investment bank and support the high-quality development of the financial market and securities industry [2]. Group 2: Shareholder Background - All three brokerages involved in the merger are part of the "Hui Jin" system, with Central Huijin holding significant stakes: 40.11% in CICC, 78.67% in Xinda Securities, and 45% in Dongxing Securities [2][3]. Group 3: Financial Performance - For the first nine months of the year, CICC reported revenues of 20.761 billion yuan, a year-on-year increase of 54.36%, and a net profit of 6.567 billion yuan, up 129.75% [4]. - Dongxing Securities achieved revenues of 3.61 billion yuan, a 20.25% increase, and a net profit of 1.599 billion yuan, up 69.56%, with total assets of 116.391 billion yuan [5]. - Xinda Securities reported revenues of 3.02 billion yuan, a 28.46% increase, and a net profit of 1.354 billion yuan, up 52.89%, with total assets of 128.251 billion yuan [5]. Group 4: Future Projections - After the completion of the share-swap merger, the combined total assets of CICC, Dongxing, and Xinda are projected to exceed 1 trillion yuan [6].

11月19日晚间，中金公司发布公告称，公司与东兴证券、信达证券正在筹划由中金公司通过换股方式吸收合并东兴证券、信达证券。 为保证公平信息披露，维护投资者利益，避免造成公司股价异常波动，公司A股股票将于2025年11月20日开市时起停牌，预计停牌时间不超过25个交易 日。本次重组有助于加快建设一流投资银行，支持金融市场改革与证券行业高质量发展。 | 证券代码 证券简称 停复牌类型 停牌起始日 停牌期间 停牌终止日 复牌日 | | --- | | 601995 中金公司 A 股 停牌 2025/11/20 | 信达证券、东兴证券均11月20日起停牌，预计不超25个交易日。 Wind用户在金融终端输入 WTTS(模拟交易) 科创板、港股通、ETF、个股期权等一应俱全 组合分析指标应有尽有，更加方便路演 业绩考核精准结算，投研能力一目了然 w 万得基金 回答 l 低谷绸缪 基金定投 器 5 普通定投 智能定投(目标投 智慧投) F 万得基金APP 长按立即体验 ...

Group 1 - The core point of the article is that China International Capital Corporation (CICC) is planning a share swap merger with Dongxing Securities and Cinda Securities, which involves issuing A-shares to the shareholders of both companies [1][3] - CICC announced that its A-shares will be suspended from trading starting November 20, 2025, due to the significant uncertainties surrounding the merger [1][3] - The merger aims to accelerate the establishment of a first-class investment bank and support the high-quality development of the securities industry, leveraging the combined resources and capabilities of the involved parties [3] Group 2 - CICC's latest market capitalization is approximately 168.4 billion yuan, while Cinda Securities and Dongxing Securities have market capitalizations of about 57.7 billion yuan and 42.4 billion yuan, respectively [3][5][8] - The merger requires approval from the boards and shareholders of all three companies, as well as regulatory authorities, before it can be officially implemented [3] - The actual controller of all three companies is Central Huijin Investment Ltd., which has recently been approved by the China Securities Regulatory Commission to control multiple financial institutions [10][11]