Changes in Hong Kong stocks | CICC (03908) rose more than 9% in the afternoon, completed the “three-in-one” restructuring, completed settlement, and implementation of the investment bank entity change

The Zhitong Finance App learned that CICC (03908) rose more than 9% in the afternoon. As of press release, it rose 8.66% to HK$18.44, with a turnover of HK$278 million.

According to the news, on the evening of October 26, CICC issued an announcement stating that the company's share exchange, absorption and merger of Dongxing Securities and Cinda Securities had completed the settlement. Recently, CICC issued an announcement on the change of investment banking business entities. The share exchange, absorption and merger of Dongxing Securities and Cinda Securities entered the actual business handover stage. 81 of Dongxing Securities and 12 stock investment banking projects of Cinda Securities were officially changed, which were taken over by CICC.

Dongfang Wealth Securities pointed out that CICC's “three in one” settlement has been completed, Orient Securities's acquisition of Shanghai Securities has been reviewed, and Dongwu Securities's acquisition of Donghai Securities has resumed review, and industry resources are being concentrated at an accelerated pace. Leading brokerage firms further consolidate their comprehensive strength through strong alliances, which helps enhance the overall competitiveness of the industry and optimize resource allocation.