2023-11-14 02:48:45
According to news on November 14, brokerage stocks strengthened rapidly during the session, with CICC and China Galaxy both hitting their daily limits. In addition, Dongxing Securities, Harbin Investment Co., Ltd., Huaxin Co., Ltd., Shenwan Hongyuan, etc. have strengthened.
China Galaxy and CICC both clarify merger and reorganization rumors
Recently, rumors regarding the possible merger of CICC and China Galaxy Securities have aroused widespread attention in the market.
On November 13, China Galaxy and CICC jointly issued a clarification announcement stating that as of the disclosure date of this announcement, the company has not received any written or oral information from government departments, regulatory agencies, or the company’s controlling shareholders and actual controllers regarding the above rumors. .
China Galaxy further pointed out that the company and its controlling shareholder China Galaxy Financial Holdings Co., Ltd. and its actual controller Central Huijin Investment Co., Ltd. (hereinfollowing referred to as “Central Huijin”) confirmed that the controlling shareholder and actual controller did not plan the above-mentioned rumors or other There are no major matters that should be disclosed but have not been disclosed, and the company does not have any information that should be disclosed but has not been disclosed.
In terms of performance, China Galaxy achieved operating income of 25.483 billion yuan in the first three quarters, a year-on-year decrease of 6.58%; net profit attributable to shareholders of listed companies was 6.603 billion yuan, a year-on-year increase of 2.53%. In the first three quarters, CICC achieved operating income of 17.466 billion yuan, a year-on-year decrease of 9.94%; net profit attributable to the parent company was 4.608 billion yuan, a year-on-year decrease of 23.36%.
CICC and Galaxy Securities are facing major personnel adjustments at the same time
On October 22, the two securities companies officially announced a change of leadership on the same day. Chen Liang, the former chairman of China Galaxy Securities, resigned from the company’s director and chairman of the board due to work arrangements, and was transferred to the chairman and legal representative of CICC, taking over due to work arrangements. Shen Rujun resigned.
Chen Liang is a veteran in the securities industry. He once served as the general manager of Shenwan Hongyuan Group. From June 2019 to October 2023, he served as president, vice chairman, and chairman of China Galaxy Securities. Under his leadership, China Galaxy Securities’ performance and market value have improved significantly, with its operating income and net profit exceeding CICC in 2022 and the first half of 2023.
For China Galaxy, President Wang Shenglin serves as party committee secretary and chairman.
Public information shows that Wang Sheng was born in 1977 and graduated from the School of Economics and Management of Tsinghua University. He received a bachelor’s degree in management information systems and a master’s degree in management science and engineering in 2000 and 2002 respectively.
In 2002, Wang Sheng joined CICC and has participated in the reform and reorganization of multiple industries such as telecommunications, finance, energy and medicine. Since 2010, he has held important management positions in the investment banking department of CICC. From March 2018 to March 2020, Wang Sheng served as assistant to the president of CICC. He has been appointed as a member of the Management Committee of CICC since March 2020. In July 2022, Wang Sheng left CICC and was transferred to China Galaxy and was promoted to president.
China Galaxy pointed out that the way in which the mergers and acquisitions and reorganizations of leading securities companies will be carried out will become a major event in the capital market. The concept stocks of relevant securities companies may receive focus from the market, but before specific measures are introduced, we must also pay attention to their possibilities. risks of. In recent years, competition in the securities industry has become increasingly fierce. Small and medium-sized securities companies have been looking for ways to break the situation. The trend of industry consolidation has been present in the past few years. Judging from historical experience, securities companies following mergers can often have a more comprehensive and comprehensive business development. Advantages, this major move by the China Securities Regulatory Commission will have a positive impact on the development of the securities industry.
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