On June 15th, according to Xinjingbao, there were market rumors that GTJA and Haitong Securities would merge, and Haitong Securities rose by the daily limit in the afternoon. As of the close of June 14th, Haitong Securities reported a closing price of 8.87 yuan/share, up 9.78%. GTJA Securities also closed high at 14.44 yuan/share, up 4.79%. Insiders of both GTJA and Haitong Securities denied the merger rumors. It was reported that as early as around September 2020, several investors asked on the interactive platform for investors of Haitong Securities, "Both Haitong and GTJA are under Shanghai State-owned Assets Supervision and Administration Commission, is there any intention to merge?" At that time, Haitong Securities clarified that the Board of Directors of the company had not discussed relevant matters temporarily.
国泰君安、海通证券合并传闻引股价暴涨，知情人士予以否认
Rumors of a merger between gtja and haitong sec led to a surge in stock prices, but insiders denied it.
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