Merger of Securities Firms under Huijin a Good Move, Experts Say

(Beijing) – Experts are optimistic regarding the proposed merger of two securities firms controlled by Central Huijin Investment Ltd., saying that both companies and their major shareholders stand to benefit.

One half of the deal, Shenzhen-listed Hongyuan Securities, has been mired in a scandal recently, as four of its senior executives were taken away by police on suspicion of financial crimes in September.