The “three-in-one” restructuring of CICC has ushered in new developments. CICC announced on July 14 that the company plans to absorb and merge Dongxing Securities and Cinda Securities by issuing A-shares to all A-share exchange shareholders of Dongxing Securities and Cinda Securities. The China Securities Regulatory Commission recently accepted administrative license applications for mergers and changes in major shareholders involved in this transaction in accordance with the law.

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