中金公司11月19日深夜公告称，将通过向东兴证券全体A股换股股东发行A股股票、向信达证券全体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。与此前国泰海通强强联合掀起市场 热潮不同，11月20日，证券板块走势平平，证券ETF指数基金(516200)开盘仅涨超1%，此后涨幅更是迅 速收窄至1%以内。 风险提示:基金管理公司不保证本基金一定盈利,也不保证最低收益。基金的过往业绩并不预示其未来表 现,基金管理人管理的其他基金的业绩并不构成基金业绩表现的保证。基金有风险,投资须谨慎。投资者 在投资金融产品或金融服务过程中应当注意核对自己的风险识别和风险承受能力,选择与自己风险识别 能力和风险承受能力相匹配的金融产品或金融服务，并独立承担投资风险。基金产品详情请认真阅读相 关的基金合同、招募说明书等基金法律文件。市场观点仅代表当时观点,今后可能发生变化,仅供参考,不 构成投资建议或保证,亦不作为任何法律文件。 中金公司在投行、机构、高净值财富管理、国际业务方面优势明显，而东兴与信达则分别长于AMC及 并购重组大资管业务。此外，三家机构在营业部网点布局方面也各有侧重，中金集中于经济发达地区， 而信达与东兴 ...

Group 1 - The A-share market experienced a significant upward trend on June 25, with the securities sector showing strong performance, particularly the CSI All Share Securities Companies Index, which saw an expanding increase [1] - Notable stocks such as Guosheng Jin控 and Xiangcai股份 achieved consecutive daily limit increases, while Tianfeng Securities, Xinda Securities, and Dongfang Caifu also performed well [1] - The Securities ETF Index Fund (516200) rose over 3% in the afternoon session, indicating a potential for three consecutive days of gains [1] Group 2 - Dongwu Securities reported a substantial year-on-year increase in trading volume for the securities industry in June [2] - The China Securities Association revised the "Special Evaluation Method for Securities Companies' Social Responsibility," adding new indicators to enhance the industry's professional capabilities in rural revitalization and regional development [2] - The Securities ETF Index Fund (516200) closely tracks the CSI All Share Securities Companies Index, providing investors with analytical tools to assess the overall performance of different industry companies within the index [2]