On September 8, CICC fell 3.36% in regular trading, trading at 20.82 HKD/share, with turnover of 1.62 billion HKD. The decline came as the market digested the implications of the company's landmark three-way merger approval.

On September 7, CICC announced that the CSRC formally approved its share-swap absorption merger of Dongxing Securities and Cinda Securities, marking the final regulatory clearance for this consolidation first proposed in November of last year. CICC's A-shares will be suspended starting September 15 for the dissenting shareholder buyback rights application process. Dongxing Securities and Cinda Securities will have their last trading day on September 14 before delisting permanently. The H-share cash option price is set at 18.60 HKD per share, approximately 17.74% below the September 4 closing price of 21.90 HKD.

While the merger will create a near-trillion-yuan asset brokerage, the CSRC requires the company to submit a detailed integration plan within one year. Market concerns center on execution risks including personnel restructuring, branch network consolidation, and overseas subsidiary adjustments. The company reported strong first-half results on August 28, with net profit surging 89.35% year-over-year to 8.199 billion yuan, though the positive earnings backdrop has not offset near-term integration uncertainty.

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