Aug 18, 2014 06:16 PM

Merger of Two Securities Firms Will Create New Giant

By staff reporters Liu Zhuozhe and Jiang Fei

(Beijing) – Nine months after suspending the trading of its shares, Shenzhen-listed Hongyuan Securities has announced plans for its much-anticipated merger with Shenyin & Wanguo Securities.

The two securities firms are controlled by China Investment Corp., the country's sovereign wealth fund, through the wholly owned subsidiary Central Huijin Investment Ltd.

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