China News Agency, Beijing, April 14 (Reporter Chen Kangliang) CITIC Securities Co., Ltd. (hereinafter referred to as CITIC Securities) and CITIC Construction Investment Co., Ltd. (hereinafter referred to as CITIC Construction Investment) both issued announcements on the 14th to clarify the merger rumors.
CITIC Securities issued a clarification announcement saying that in the afternoon, CITIC Securities noticed media reports that CITIC Securities would merge with CITIC Construction Investment. As of the date of this announcement, CITIC Securities has not been informed about the above-mentioned rumors and there is no undisclosed information that should be disclosed.
CITIC Construction Investment also issued a clarification announcement saying that in the afternoon, CITIC Construction Investment noted that there were media reports that CITIC Construction Investment will merge with CITIC Securities. As of now, CITIC Construction Investment has not received any written or oral information from any government department regarding the above rumors, nor any information that should be disclosed but not disclosed.
On the 14th, a message that "China is considering merging CITIC Securities and CITIC Construction Investment" triggered widespread market attention. China's A-share brokerage sector has changed. As of the close of the day, brokerage stocks rose collectively. CITIC Securities rose more than 4%, CITIC Construction Investment rose more than 8%, and CITIC Construction Investment once hit a daily limit (up 10%).
Both CITIC Securities and CITIC Construction Investment are large Chinese securities firms. According to public information, as of the end of 2019, CITIC Securities' total assets were approximately 791.7 billion yuan (RMB, the same below), and its major shareholders include Hong Kong Securities Clearing (Agent) Co., Ltd., China CITIC Co., Ltd., and Guangzhou Yuexiu Financial Holdings Group Co., Ltd. Wait.
As of the end of 2019, the total assets of CITIC Construction Investment were approximately 285.67 billion yuan. Its major shareholders include Beijing State-owned Capital Operation and Management Center, Central Huijin Investment Co., Ltd. and CITIC Securities. Among them, CITIC Securities holds 5.01% of the shares. (Finish)