Investment Banking and Brokerage

DFZQ

Orient Securities to Acquire 100% of Shanghai Securities, Combined Assets Reach 582.7 Billion

Eastern Securities Plans Mega Merger with Shanghai Securities

Eastern Securities Plans to Acquire 100% Equity of Shanghai Securities via Issuing A-Shares and Cash

Eastern Securities Reports Revenue and Net Profit Growth in Q1 2026

DFZQ released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 4.039 B, actual EPS CNY 0.19

DFZQ FY2026 Q1 Earnings Release on April 29 Pre-Market BJT

Orient Securities Plans to Acquire 100% Equity of Shanghai Securities Co., Ltd.

Oriental Securities Announces 2025 Earnings Report: Revenue and Net Profit Growth with Dividend Distribution Plan

DFZQ released FY2025 annual earnings on March 27 Pre-Market (BJT), actual revenue CNY 14.9 B (forecast CNY 16.12 B), actual EPS CNY 0.6458 (forecast CNY 0.657)

DFZQ released FY2025 Q4 earnings on March 27 Pre-Market (BJT), actual revenue CNY 2.477 B, actual EPS CNY 0.0441

DFZQ to Release FY2025 Earnings on March 27 Pre-Market (BJT), Forecast Revenue CNY 16.12 B, EPS CNY 0.657

East China Securities Approved to Issue Up to 40 Billion RMB Corporate Bonds

Eastern Securities Approved to Issue Sci-Tech Innovation Corporate Bonds Up to 6 Billion Yuan

E Fund Management Reduced Orient Securities by 1.448 million Shares

Eastern Securities Projected Net Profit to Grow by 67.8% in 2025

E Fund reduces its holdings in Orient Securities by 3.488 million shares

Multiple Securities Firms Increase Margin Lending Scales, Financing Balances Surge

Eastern Securities Reduces Holding in Yingfawei to 4.999988%

8 Securities Firms Including Orient Securities Join Brokerage Account Optimization Pilot

Multiple Securities Firms Have Spent Over 240 Million Yuan on Share Repurchases This Year

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Orient Securities Co., Ltd. plans to fully acquire Shanghai Securities by issuing new A shares and paying cash, with share prices set between RMB10.29–10.49. Upon completion, Shanghai Securities will be a wholly owned subsidiary, and its financials will be consolidated. The deal is expected to be a notifiable transaction under Hong Kong listing rules, pending shareholder approval and compliance with regulations. Orient Securities operates in the securities industry, providing various financial services in China and Hong Kong.

Tip Ranks

Yinhua CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Orient Securities Plans Full Acquisition of Shanghai Securities via Share Issue and Cash

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Orient Securities plans to acquire 100% of Shanghai Securities as part of a consolidation effort in China's brokerage industry. The acquisition will involve cash and share issuance, with details to be finalized. Trading of Orient Securities' Shanghai-listed shares will be halted for up to 10 days. This move aligns with Chinese authorities' goal to develop globally competitive securities firms, aiming to establish two to three leading brokerages by 2035. Recent mergers in the industry include Guotai Junan and Haitong Securities, as well as Guolian Securities and Minsheng Securities.

MorningStar

E Fund CSI 300 Financials (ex Banks) ETF

Orient Securities Plans to Acquire Shanghai Securities Amid Consolidation Push

Orient Securities Co., Ltd. has announced plans to acquire 100% of Shanghai Securities Company Limited through new A-share issuance and cash. The deal, which requires regulatory approvals, will temporarily suspend trading of its A shares for up to 10 days, while H shares continue to trade. This acquisition aims to enhance Orient Securities' market presence and scale. The company operates in Hong Kong and is involved in various capital market services, with a current market cap of HK$85.13B.

Bailian Inc.

Chengtou Holding

Guotai Haitong

GTHT

Orient Securities Plans Full Takeover of Shanghai Securities, Halts A-Share Trading

Two state-backed brokerages in Shanghai plan to merge, creating an $86 billion firm to enhance China's investment banking capabilities. Orient Securities will acquire Shanghai Securities through A-share issuance and cash. The merger aims to position the new entity among China's top ten brokerages, with assets of approximately 583 billion yuan. This move follows a trend of consolidation in the sector, supported by Beijing's goal to develop competitive domestic investment banks. Trading of Orient's A-shares will be suspended for up to 10 days as the merger progresses.

Businesstimes News

Goldman Sachs

Morgan Stanley

Shenergy

CICC

Bank of America

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MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

China to form brokerage with US$86 billion assets by merging firms

DFZQ opened 13.53% higher this morning at 6.88 yuan, then the increase narrowed, currently reported at 6.06 yuan, with trading volume surging to 75.1128 million shares. The company has signed agreements with multiple institutions to acquire 100% equity of Shanghai Securities through the issuance of A shares and cash. DFZQ's A shares will be suspended from trading starting April 20, with the suspension expected to last no more than 10 trading days

AASTOCKS

DFZQ opened high at 13.5% but quickly retraced in the early session. It plans to fully acquire Shanghai Securities with cash and new shares. A-shares are suspended from trading starting today

36Kr learned that the Aiqicha App shows that recently, Dongfang Securities Co., Ltd. underwent a business change, with Gong Dexiong stepping down as the legal representative and chairman, succeeded by Zhou Lei. Dongfang Securities Co., Ltd. was established in December 1997, with a registered capital of approximately 8.497 billion RMB. Its business scope includes securities business, securities investment consulting, and intermediary introduction services provided by securities companies for futures companies, among others, jointly held by Sheneng (Group) Co., Ltd., Hong Kong Central Clearing (Agent) Co., Ltd., Shanghai Haiyan Investment Management Co., Ltd., and others

36Kr

Zhou Lei takes over as Chairman of DFZQ

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As of March 30, multiple futures companies, including NANHUA FUTURES, DFZQ Futures, CITIC Securities Futures, and CSC Futures, have successively disclosed the progress of their "Insurance + Futures" business in their 2025 annual reports. Overall, futures companies are continuously increasing their investment and the number of projects in this business, innovating service models, and benefiting millions of farmers

DFZQ(600958.SH)