Why did CICC buy CIC Securities?

You may have read the news on the Internet that CIC bought CIC's securities, so why did CIC buy CIC's shares?

I. CICC's Acquisition of CIC Securities There are some related materials on the Internet, which show that China International Capital Corporation acquired China CIC Securities Co., Ltd., and this information has been approved by the China Securities Regulatory Commission. CICC's acquisition of CIC Securities Co., Ltd. has been confirmed by CIC and its shareholders. The two parties will sign relevant equity transfer agreements, and CIC will acquire all the shares of CIC Securities. The transaction amount of the two companies is now priced at 654.38+067 billion. If this transaction is successful, CIC Securities Co., Ltd. will become a subsidiary of CIC, but the registered places of the two companies will not change, and the two companies will remain independent legal persons.

Second, company integration In fact, the acquisition of CIC by China International Capital Corporation Limited is only a very normal phenomenon in the market, and it is a business merger between enterprises. At present, these works are in progress. If successful, CICC's shareholding ratio will increase from 28.5% to 58%. However, in this process, the central government also requires CICC to improve the corresponding risk management and mechanism, and no corresponding risks can occur in this process. Moreover, financial problems should be solved reasonably to ensure that the rights and interests of some customers will not be infringed.

Three. Conclusion In fact, this time, the reason why the intermediary company and CIC Securities Company will carry out such integration is to further formulate the strategic direction of internal development of the enterprise and help CIC and CIC better grasp the opportunities in the current market field. Therefore, the reorganization of CIC and CIC can also be regarded as a new resource combination under the central government.