The expansion of the three major AMCs under the central Huijin "Huijin" brokerage team has triggered merger reverie

On February 15th, with the change of equity of the three major AMCs, its controlling brokerages were also affected, and the actual controller of the company was changed from the Ministry of Finance to Huijin Company. The expansion of the "Huijin" brokerage team caused by this round of equity transfer has triggered the imagination of some industry insiders about the merger of brokerages. From the current analysis of the path of mergers and acquisitions in the industry by non-bank analysts of brokerages, it is one of the important reasons that both parties in the transaction belong to the same actual controller. Zheng Jisha, a non-bank analyst at China Merchants Securities, said that this feature is more obvious in the merger and acquisition cases of leading brokerages. Guolian Securities non-bank analyst Liu Yuchen also believes that under the background of regulatory policies guiding the intensive development of securities firms and encouraging securities firms to become bigger and stronger through mergers and acquisitions, the merger and acquisition integration of the securities industry is expected to enter an accelerated period.