Huijin to be listed in the integration of CIC securities broker plays

The securities firm integrates again to play the plays. Sources said that China's bank investment in the hands of the company's stake in the stock, all transferred to the central Huijin, the transfer of shares in the process is currently being processed.　　After the transfer of equity is completed, CIC will become a wholly-owned securities company of Central Huijin Corporation.　　It is reported that Shenzhen related leadership recently with the parent company of Huijin Company----------------------------------Jin According to the data, CIC Securities was formally established in Shenzhen on September 28, 2005 on the basis of the reorganization of the Southern Securities, which was wholly owned by China Construction Bank Investment Co., Ltd. April 2007, the company obtained the qualification of innovative pilot securities companies, the same year in August in the first Securities classification supervision review was rated a Class A.　　2008, CIC Securities in the industry downturn in the background to achieve net profit of 1.114 billion yuan, 2007 net profit is up to 2.4 billion.　　After the transfer of equity of CIC Securities, China's bank investment only holdings macro-source securities, CICC, and shares in UBS Securities, while the central Huijin holdings of securities companies will be promoted from 2 to 3, respectively, Galaxy Securities, shen million securities and investment securities, and equity Guotai Securities.　　The investment of the bank has been interpreted by the market as an initiative taken by the shareholders in order to meet the requirement of "one participation and one control".　　According to the regulations on the supervision and management of securities companies issued by the State Council last April, more than two securities companies may not operate the same securities business if they are under the control of the same unit or individual or have control relations with each other. However, according to the incomplete statistics of the 2008 Annual report of the securities companies, there are 20 securities companies in conflict with the regulations, especially when large enterprises hold multiple securities companies as holding party.　　For example, the capital airport at the same time holding gold and Yuan Securities and National Securities, Venture Group holding the first venture and pioneering securities, CITIC Securities holdings Citic Investment, Citic Wantong, Citic Jintong and so on. From the current news, the pace of integration of brokers accelerated. At the same time by the Capital Airport holdings of national Securities and gold and gold securities integration has been put on the agenda, shareholder founder in the discussion of integration programs. And the new era to absorb the merger of Shanghai Far East Securities is nearing the end of the work.