CICC to Acquire Dongxing and Cinda Securities in Landmark ¥1 Trillion (US$140 billion) Merger
China International Capital Corporation (CICC), one of the country’s leading investment banks, has announced plans to acquire Dongxing Securities Co. Ltd and Cinda Securities Co. Ltd in a share‑swap deal that will create a brokerage with assets exceeding ¥1 trillion (US$140 billion) Yicai Global EconoTimes finews.asia. Consolidation in China’s Brokerage Sector The merger, unveiled on […]
Continue Reading