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 brok...