The China Securities Association recently issued a notice to various brokerage firms to solicit industry opinions on “Securities Industry Model Practice No. 7 - Securities Company Mergers and Acquisitions”. The text of the model practice is divided into three chapters: verification preparation stage, merger and acquisition transaction stage, and integration stage. In the summary of the integration stage, the China Securities Association put forward three suggestions: one is to strengthen overall coordination, strengthen goal and process management for major special tasks such as corporate and system switching, customer migration, and subsidiary integration to ensure that work goals are achieved as scheduled and error-free; the second is to strengthen internal and external coordination to effectively resolve the integration difficulties and blockages, and ensure timely resolution of issues; the third is to strengthen task supervision to dynamically track the progress of tasks in the form of special supervision, regular reports, and special meetings to ensure the full integration process is orderly and orderly Azimuth coverage.

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