According to the central bank's responsible media “Financial Times”, on May 14, brokerage mergers, acquisitions, and restructuring welcomed new developments. Guolian Securities disclosed a major asset restructuring plan and issued a resumption notice. Guolian Securities plans to issue A-shares to purchase 100% of Minsheng Securities's shares and raise no more than 2 billion yuan (including capital) in supporting capital. In addition to the “League of Nations+People's Livelihood”, information has recently been updated on many domestic brokerage mergers, acquisitions and restructuring cases. Some industry insiders have analyzed that in line with current regulatory policies and market conditions, the curtain has begun on integrating and optimizing financial resources in the brokerage industry.