FINANCE

Chinese Broker Plans Merger as Consolidation Push Builds

Published: Apr. 20, 2026 4:57 p.m. GMT+8

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Orient Securities Co. Ltd. plans to acquire 100% of Shanghai Securities Co. Ltd. in a cash-and-stock deal, highlighting a consolidation push in China’s brokerage sector.

Shanghai-listed Orient Securities said trading in its shares would be suspended from Monday for up to 10 days as the deal remains in the planning stage. It signed a letter of intent on Sunday with five shareholders of state-backed Shanghai Securities.

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Orient Securities plans 100% acquisition of Shanghai Securities in cash-and-stock deal.
Share trading suspended up to 10 days; letter of intent signed with five shareholders.
Deal aids brokerage consolidation; combined assets surpass Guosen Securities (10th ranked).

AI generated, for reference only

Who’s Who

Orient Securities Co. Ltd.: Orient Securities Co. Ltd. plans to acquire 100% of Shanghai Securities Co. Ltd. in a cash-and-stock deal, part of China's brokerage consolidation. Share trading is suspended for up to 10 days. Combined assets would surpass Guosen Securities, currently ranked 10th.

Shanghai Securities Co. Ltd.: Shanghai Securities Co. Ltd. is a state-backed smaller brokerage with limited licenses, relying mainly on brokerage and proprietary trading, leaving it exposed to market swings. Orient Securities plans to acquire 100% of it in a cash-and-stock deal, part of China's brokerage consolidation push. (48 words)

Guosen Securities Co. Ltd.: Guosen Securities Co. Ltd. is currently ranked 10th among listed peers. The proposed merger of Orient Securities and Shanghai Securities would result in combined assets surpassing those of Guosen.

AI generated, for reference only