CICC, China Investment Securities Reportedly in Final Talks to Merge

[kreslik.news]

Investment bank China International Capital Corp (CICC) (HKEx: 3908) and the brokerage firm China Investment Securities are in advanced talks on a possible merger, people familiar with the matter told Reuters today.

Don’t miss your last chance to sign up for the FM London Summit. Register here!

The trading of government-controlled CICC, formerly led by Levin Zhu, the son of former Chinese premier Zhu Rongji, was halted this morning, involving a very substantial acquisition of the company.

In terms of profiles, the two companies had $28 billion worth of combined assets at the end of last year and posted ... (read more)