CICC Bank Announces Plan to Buy Two Competitors Amid Market Consolidation

We are witnessing a major move in China’s financial world. China International Capital Corporation (CICC), a top state‑owned investment bank, has announced a plan to absorb Dongxing Securities and Cinda Securities through a share-swap deal. This is not just another acquisition. It is part of a broader push by Beijing to reshape and strengthen the country’s securities industry. After the deal, the merged entity’s assets would exceed 1 trillion yuan (approx. $140 billion), making it China’s fourth-largest brokerage.