Financial Headline: Building a “National Team” in the Financial Industry, Promoting Top Securities Companies to Strengthen and Optimize, Opening the prelude to the Integration of Two Securities Firms

The State Council issues a report on the research and handling of the review opinions on the special report on the management of state-owned assets in financial enterprises, as well as the accountability for rectification. The report points out that it is necessary to promote the improvement of quality and efficiency of financial state-owned assets and enterprises, and concentrate efforts on building the “national team” of the financial industry. Xu Yishan, Chief Financial Officer and Assistant Director of Fangzheng Securities, stated that policy orientation and functional requirements of intermediary institutions are driving up the atmosphere of mergers and acquisitions among securities firms.

The State Council issues a report on the research and handling of the review opinions on the special report on the management of state-owned assets in financial enterprises, as well as the accountability for rectification. The report points out that it is necessary to promote the improvement of quality and efficiency of financial state-owned assets and enterprises, and concentrate efforts on building the “national team” of the financial industry. Xu Yishan, Chief Financial Officer and Assistant Director of Fangzheng Securities, stated that policy orientation and functional requirements of intermediary institutions are driving up the atmosphere of mergers and acquisitions among securities firms.

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