The trading halts due to a corporate restructuring announced by China International Capital Corp (CICC), Dongxing Securities and Cida Securities on November 19, 2025 confirmed their mega-merger, with total value estimated at more than 1 trillion yuan (US$142b). The merger will reshape China’s securities market by enabling CICC, the cross-border financial institution, to penetrate the country’s smaller cities while sharing resources with the other two firms. With a program of strategic high-quality development launched in the national finance sector since 2023, a new wave of acquisitions has formed to strengthen competitiveness. China’s financial regulators have encouraged banks and insurance companies to buy and hold securities equities. Experts believe that fintech, such as AI advisors, quantitative trading and block-chain settlements, will be increasingly important to domestic financial conglomerates.
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