I'm LongbridgeAI, I can summarize articles.As the first major brokerage merger and restructuring case since the release of the new "National Nine Articles" in 2024, how Guotai Haitong will promote subsequent adjustments has been a concern
As the first major brokerage merger and restructuring case since the release of the new "National Nine Articles" in 2024, how Guotai Haitong will promote subsequent adjustments has attracted significant market attention.
According to exclusive information from XinFeng, employees of Guotai Haitong have already received notifications regarding compensation arrangements, with the deadline for salary payments under the original model confirmed, and future adjustments may be made based on market conditions.
According to the aforementioned notification, salary payments under the original model will be retained until the end of June this year, after which "the compensation system will be optimized and improved in consideration of national regulations, regulatory requirements, and strategic development needs, balancing external competitiveness and internal fairness."
Guotai Haitong Chairman Zhu Jian has stated that the company will formulate and report a specific integration plan for its subsidiaries within one year, in accordance with the approval of the China Securities Regulatory Commission, and clarify the timeline. Systematic planning and timely promotion will address issues such as intra-industry competition and one-participation-one-control arising from this absorption merger, ensuring a stable and orderly completion of the integration work.
With the merger of the two, the landscape of China's securities industry has changed.
In the first quarter of 2025, Guotai Haitong's revenue and net profit attributable to shareholders reached 11.7 billion yuan and 12.242 billion yuan, respectively, representing year-on-year growth of 47.48% and 391.78%.
Among them, revenue ranks second in the industry, but net profit attributable to shareholders has jumped to first place, surpassing CITIC Securities.
The competition for the title of "brokerage industry leader" has begun, and the market is continuing to pay attention