FINANCE

Orient Securities Details Deal Amid China Brokerage Consolidation

Published: May. 8, 2026 3:35 p.m. GMT+8

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Orient Securities’ office building in Shanghai on Feb. 4. Photo: VCG

Orient Securities Co. Ltd. (600958.SH) has outlined a preliminary structure for its planned acquisition of Shanghai Securities Co. Ltd., a deal that could lift the combined firm into China’s top 10 listed brokerages.

The transaction comes as China’s brokerage industry faces consolidation pressure, with midsize firms seeking greater scale to compete with industry leaders.

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Orient Securities (600958.SH) proposes acquiring 100% of Shanghai Securities from five shareholders.
Financing: 94% via new share issuance, remainder cash; valuation undetermined.
Combined firm: 583B yuan ($86B) assets (2025 est.), potentially top 10 listed brokerages in China.

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Who’s Who

Orient Securities Co. Ltd.: Orient Securities Co. Ltd. (600958.SH) plans to acquire 100% of Shanghai Securities from five shareholders, with 94% financed by new shares and the rest in cash. Valuation pending. The deal, amid brokerage consolidation, would create a combined entity with 583 billion yuan ($86B) in assets, ranking it in China's top 10 listed brokerages.

Shanghai Securities Co. Ltd.: Shanghai Securities Co. Ltd. is the target of a planned acquisition by Orient Securities Co. Ltd. (600958.SH). Orient will acquire 100% from five shareholders, financing 94% via new shares and the rest in cash. The deal, amid industry consolidation, could rank the combined firm in China's top 10 listed brokerages by assets (583B yuan/$86B based on 2025 figures).

AI generated, for reference only