Source: Zhitong Finance
$Guolian (601456.SH)$Brokerage stocks surged by more than 24%. As of press release, Guolian Securities rose 24.07% to HK$3.66;$HTSC (06886.HK)$increased by 4.39% to HK$9.28;$CGS (06881.HK)$rose 3.88% to HK$4.02;$CICC (03908.HK)$It rose 3.27% to HK$9.16.
According to the news, on April 25, the State Council issued a report on the research, processing and rectification of the opinions on the review of the special report on the management of state-owned assets of financial enterprises. The report shows that efforts are being concentrated to build a “national team” for the financial industry. Research and draft action plans to strengthen the management of state-owned financial capital, promote large-scale state-owned financial enterprises to target world-class financial enterprises, highlight their main business, improve their expertise, and continuously enhance their competitiveness and international influence. Research and formulate guiding opinions to promote high-quality development in the insurance industry, etc., and promote the standardized development of non-bank financial institutions. Promote leading securities companies to become stronger and better, and support the Shanghai and Shenzhen stock exchanges to build world-class exchanges.
On the same day, Guolian Securities issued an announcement stating that the company is currently planning a major asset restructuring plan involving the acquisition of control of Minsheng Securities by issuing A-shares and raising supporting capital at the same time. The deal is still in the planning stage and is expected to constitute a major asset restructuring. Following the application, trading of the company's shares will be suspended from the opening of the market on April 26. It is expected that trading will not be suspended for more than 10 trading days.
Guotai Junan Securities pointed out that industry integration is expected to accelerate, and it is expected that the introduction of policies will be more beneficial to leading brokerage firms that operate in a professional and compliant manner. The “Nine Rules of the New Country” will strengthen supervision, push the securities fund industry back to its roots, and support leading institutions to enhance their core competitiveness through mergers, acquisitions, restructuring, and organizational innovation. Industry integration is expected to accelerate, which will further benefit leading brokerage firms with specialized capabilities and compliant management.
Editor/jayden