Chairman Wu Qing of the Securities Regulatory Commission mentioned while attending the opening ceremony of the 2026 Financial Street Forum annual meeting that efforts will be made to promote high-quality development actions of securities companies, support industry mergers, acquisitions, restructuring and subsequent integration, and accelerate the construction of world-class investment banks. The supervisory authorities have stated many times that they encourage and support mergers, acquisitions and restructuring in the securities industry, and make good use of mergers, acquisitions and restructuring mechanisms and tools. According to public information, there have been at least 8 mergers, acquisitions and restructuring cases in the securities industry since 2024, including CICC's absorption of Dongxing Securities and Cinda Securities. The latter two brokerage firms have terminated their listing today. According to the opinions issued by the Securities Regulatory Commission to speed up the construction of first-class investment banks and investment institutions, it is proposed to strive to form about 10 high-quality leading institutions in 5 years, and 2 to 3 investment banks and investment institutions with international competitiveness in 2035.

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