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Update: China Approves CICC's Proposed Mergers With Dongxing, Cinda Securities

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(Updates to add CICC's Shanghai ticker)

China International Capital Corp. or CICC (SHA:601995, HKG:3908) has received approval and registration from the China Securities Regulatory Commission for its proposed mergers with Dongxing Securities (SHA:601198) and Cinda Securities (SHA:601059), according to a Monday Hong Kong bourse filing.

The CSRC approval also covers changes in the major shareholders of CICC, Dongxing Fund Management and Cinda Fund Management, as well as changes in the controlling shareholders of Dongxing Futures and Cinda Futures.

CICC said the approval and registration requirements under the merger agreement have now been satisfied.

Under the agreement, CICC will issue A shares to Dongxing and Cinda shareholders at exchange ratios of 0.4373 A share for each Dongxing A share and 0.5188 A share for each Cinda A share.

Subject to the relevant conditions, CICC expects to issue about 3.10 billion new A shares in total.

Following completion, CICC's total issued share capital is expected to increase to about 7.92 billion shares, with A shares accounting for roughly 76% and H shares about 24%.

The proposed share-swap mergers were first announced in November 2025.

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