05.07.2016 - CICC, China Investment Securities Said to Be in Merger Talks
Investment bank China International Capital Corp. and brokerage China Investment Securities Co., firms with 186 billion yuan ($28 billion) of assets last year, are in talks on a possible merger, people familiar with the matter said. China Investment Securities is 100 percent owned by Central Huijin Investment Ltd., according to the brokerage’s website. Huijin, a unit of China’s sovereign wealth fund, owns 28.4 percent of CICC, according to CICC’s website...............................................Full Article: Source
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