The Zhitong Finance App learned that Guolian Securities (01456) is now up more than 4%. As of press release, it has risen 2.18% to HK$3.76, with a turnover of HK$32.2526 million.

According to the news, Guolian Securities previously announced that the company plans to issue shares to acquire 95.48% of Minsheng Securities shares held by 45 counterparties. This indicates that the restructuring and integration of the two securities companies has entered a substantial stage. Dongwu Securities pointed out that this announcement marks that the collaborative integration between the League of Nations and Minsheng has once again reached a new level. It is fully in line with the statements of leading regulatory agencies to improve and strengthen through mergers, acquisitions and restructuring. It is expected that while significantly increasing its size, Guolian Securities will complement its advantages with Minsheng Securities.

Furthermore, according to simple estimates based on public data, after the integration of Guolian Securities and Minsheng Securities, major businesses such as investment banking, fixed income, research, and asset management will enter the first tier of the industry and become a quasi-leading brokerage firm. In the future, as business ceilings such as investment banking and wealth management open up further, it is expected to impact the top 10 in the industry and squeeze into the leading brokerage list.