Stock Track | CGS Soars 16.31% as Merger with CICC to Form China's Third Largest Brokerage Unveiled-To The Moon - Tiger Brokers Online Investing Community

Like
Comment
Favorite

Stock Track | CGS Soars 16.31% as Merger with CICC to Form China's Third Largest Brokerage Unveiled

Stock Track02-26

Shares of China Galaxy Securities (CGS) surged 16.31% on Wednesday, as the company is set to merge with state-owned peer China International Capital Corp (CICC) to form China's third-largest brokerage with $193 billion in assets.

The merger, which has secured backing from Chinese authorities, would create a combined entity with 1.4 trillion yuan ($193 billion) in total assets, surpassing Huatai Securities to become the country's third-largest brokerage. Both CGS and CICC count China Investment Corporation as their biggest shareholder and parent.

The deal aims to establish larger and more competitive domestic investment banks to counter the growing presence of global banks like Goldman Sachs and Morgan Stanley in China. The merged entity is expected to navigate the challenging market conditions better, amid a slowing economy, market weakness, and regulatory tightening in the financial sector.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

抱歉，当前请求异常(-1)

7x24

All

02:44
Indian Energy Exchange Ltd - Achieves Highest Ever Quarterly Traded Electricity Volume of 31,747 Mu
02:42
South Korea Acting President Han Says Will Maintain Solid Security Posture After Yoon's Removal From Office
02:42
South Korea's Han Says Will Do Best to Manage Next Presidential Election Well
02:42
South Korea Fin Min to Convene Emergency Meeting This Afternoon -Yonhap
02:39
Brookfield Infrastructure Partners Lp - at Closing Equity Investment Expected to Be $500 Million

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1102303174?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-02-26 15:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1102303174","market":"us","top_or_hot":-1,"title":"Stock Track | CGS Soars 16.31% as Merger with CICC to Form China's Third Largest Brokerage Unveiled","media":"Stock Track","content":"<p>Shares of China Galaxy Securities (CGS) surged 16.31% on Wednesday, as the company is set to merge with state-owned peer China International Capital Corp (CICC) to form China's third-largest brokerage with $193 billion in assets.</p>\n\n<p>The merger, which has secured backing from Chinese authorities, would create a combined entity with 1.4 trillion yuan ($193 billion) in total assets, surpassing Huatai Securities to become the country's third-largest brokerage. Both CGS and CICC count China Investment Corporation as their biggest shareholder and parent.</p>\n\n<p>The deal aims to establish larger and more competitive domestic investment banks to counter the growing presence of global banks like Goldman Sachs and Morgan Stanley in China. The merged entity is expected to navigate the challenging market conditions better, amid a slowing economy, market weakness, and regulatory tightening in the financial sector.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CGS Soars 16.31% as Merger with CICC to Form China's Third Largest Brokerage Unveiled</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CGS Soars 16.31% as Merger with CICC to Form China's Third Largest Brokerage Unveiled\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-26 15:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of China Galaxy Securities (CGS) surged 16.31% on Wednesday, as the company is set to merge with state-owned peer China International Capital Corp (CICC) to form China's third-largest brokerage with $193 billion in assets.</p>\n\n<p>The merger, which has secured backing from Chinese authorities, would create a combined entity with 1.4 trillion yuan ($193 billion) in total assets, surpassing Huatai Securities to become the country's third-largest brokerage. Both CGS and CICC count China Investment Corporation as their biggest shareholder and parent.</p>\n\n<p>The deal aims to establish larger and more competitive domestic investment banks to counter the growing presence of global banks like Goldman Sachs and Morgan Stanley in China. The merged entity is expected to navigate the challenging market conditions better, amid a slowing economy, market weakness, and regulatory tightening in the financial sector.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06881","symbol_name":"中国银河","start_time":0,"source_url":"","article_id":"1102303174","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102303174","pubTimestamp":1740556483,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of China Galaxy Securities  surged 16.31% on Wednesday, as the company is set to merge with state-owned peer China International Capital Corp  to form China's third-largest brokerage with $193 billion in assets.The merger, which has secured backing from Chinese authorities, would create a combined entity with 1.4 trillion yuan  in total assets, surpassing Huatai Securities to become the country's third-largest brokerage. Both CGS and CICC count China Investment Corporation as their bigges","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06881":"中国银河"},"translate_title":"股票赛道银河证券飙升16.31%，与中金公司合并组建中国第三大券商揭晓","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06881":1},"content_text":"Shares of China Galaxy Securities (CGS) surged 16.31% on Wednesday, as the company is set to merge with state-owned peer China International Capital Corp (CICC) to form China's third-largest brokerage with $193 billion in assets.\nThe merger, which has secured backing from Chinese authorities, would create a combined entity with 1.4 trillion yuan ($193 billion) in total assets, surpassing Huatai Securities to become the country's third-largest brokerage. Both CGS and CICC count China Investment Corporation as their biggest shareholder and parent.\nThe deal aims to establish larger and more competitive domestic investment banks to counter the growing presence of global banks like Goldman Sachs and Morgan Stanley in China. The merged entity is expected to navigate the challenging market conditions better, amid a slowing economy, market weakness, and regulatory tightening in the financial sector.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"merge,movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}