[The China Securities Regulatory Commission once again emphasized that it will support mergers, acquisitions, reorganizations and subsequent integration of the securities industry] On October 19, Wu Qing, chairman of the China Securities Regulatory Commission, mentioned at the opening ceremony of the 2026 Financial Street Forum Annual Meeting that it will step up efforts to promote high-quality development actions of securities companies, support industry mergers, acquisitions, reorganizations and subsequent integration, and accelerate the construction of a world-class investment bank. Regulators have repeatedly stated that they encourage and support mergers, acquisitions and reorganizations in the securities industry, and make good use of mergers, acquisitions and reorganization mechanisms and tools. Public information shows that since 2024, there have been at least 8 mergers and acquisitions and restructuring cases in the securities industry, including CICC’s absorption of Dongxing Securities and Cinda Securities. The latter two securities firms have terminated their listing today. According to the opinions issued by the China Securities Regulatory Commission on accelerating the construction of first-class investment banks and investment institutions (for trial implementation), it is proposed to strive to form about 10 high-quality leading institutions in five years, and to form 2 to 3 internationally competitive investment banks and investment institutions by 2035. (Reporter Lin Jian)