--- title: "Oriental Securities and Shanghai Securities plan merger and restructuring to accelerate the construction of a first-class modern investment bank." type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40052131.md" description: "Orient Securities and Shanghai Securities Plan Merger and Restructuring to Accelerate the Construction of a First-Class Modern Investment Bank On the afternoon of April 19, Orient Securities A-shares issued a trading halt announcement regarding the planning of a major event, stating that the company is planning to acquire 100% equity of Shanghai Securities through the issuance of A-shares and cash payment. Orient Securities A-shares will be suspended from trading starting from the market opening on April 20, with the expected suspension period not exceeding 10 trading days. Shanghai Securities has a registered capital of 5.327 billion yuan, of which Bailian Group Co., Ltd. holds 50% of its equity..." datetime: "2026-04-21T01:35:58.000Z" locales: - [en](https://longbridge.com/en/topics/40052131.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40052131.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40052131.md) author: "[亚太商讯那些事儿](https://longbridge.com/en/profiles/18018177.md)" --- # Oriental Securities and Shanghai Securities plan merger and restructuring to accelerate the construction of a first-class modern investment bank. Orient Securities and Shanghai Securities Plan Merger and Restructuring to Accelerate Building a First-Class Modern Investment Bank On the afternoon of April 19, Orient Securities' A-shares announced a trading halt for a major event, stating that the company is planning to acquire 100% equity of Shanghai Securities through the issuance of A-shares and cash payment. Trading of Orient Securities' A-shares will be suspended from the market opening on April 20, with the expected suspension period not exceeding 10 trading days. Shanghai Securities has a registered capital of 53.27 billion yuan. Among its shareholders, Bailian Group Co., Ltd. holds 50% equity, Guotai Haitong Securities Co., Ltd. holds 24.99%, Shanghai International Group Investment Co., Ltd. holds 16.33%, Shanghai International Group Co., Ltd. holds 7.68%, and Shanghai Chengtou (Group) Co., Ltd. holds 1.00%. On April 19, Orient Securities signed a letter of intent with the aforementioned shareholders, proposing to acquire all their equity in Shanghai Securities through the issuance of shares and partial cash payment. In recent years, policy dividends such as the new "National Nine Articles" have been continuously released, supporting leading institutions in enhancing their core competitiveness through mergers, acquisitions, restructuring, and organizational innovation. Against this backdrop, the activity of mergers and acquisitions in the securities industry has significantly increased. This merger and restructuring is based on serving the national strategy and the overall development of Shanghai as an international financial center. It is an important measure to optimize the layout of Shanghai's state-owned financial assets, deepen the reform of state-owned financial enterprises, and accelerate the construction of a first-class modern investment bank. Founded in 1998, Orient Securities achieved dual listings on the A-share and H-share markets in 2015 and 2016, respectively. It is a major comprehensive local securities firm in Shanghai, with its largest shareholder, Shenneng Group, holding a 26.63% stake. Orient Securities has 170 branches nationwide and wholly owns professional subsidiaries such as Orient Securities Asset Management, Orient Securities Futures, Orient Securities Capital, Orient Securities Innovation, and Orient Securities (Hong Kong). It also holds a stake as the largest shareholder in China Universal Asset Management. At the end of 2025, Orient Securities' total assets amounted to 4,868.8 billion yuan, with net assets of 826.9 billion yuan. In 2025, it achieved operating revenue of 153.6 billion yuan and net profit attributable to the parent company of 56.3 billion yuan. Founded in 2001, Shanghai Securities currently has over 80 branches in mainland China, mainly located in Shanghai, Zhejiang, Jiangsu, Guangdong, Beijing, and other regions. At the end of 2025, Shanghai Securities' total assets were 957.7 billion yuan, with net assets of 198.1 billion yuan. In 2025, it achieved operating revenue of 34.3 billion yuan and net profit attributable to the parent company of 13.2 billion yuan. This merger and restructuring is expected to create good business complementarity and synergy, continuously enhancing the comprehensive competitiveness and industry position of the merged Orient Securities. The total assets of the merged entity are expected to exceed 6,000 billion yuan, entering the top ten in the industry, with net assets surpassing 1,000 billion yuan. The number of branches will increase to around 250. With the integration of channels and product synergy, Orient Securities' ability to acquire high-quality assets will improve, its business scale will expand rapidly, and core businesses such as wealth management and asset management will be further strengthened. Furthermore, the introduction of strategic shareholders like Bailian Group and Shanghai International Group will help Orient Securities solidify its foundation in capital strength, industry-finance synergy, and governance efficiency as it moves towards becoming a first-class modern investment bank. Orient Securities' announcement concluded by stating that the transaction is still in the planning stage, and related matters remain uncertain. There are risks that the deal may not be reached or implemented due to various reasons, including market changes, regulatory review, and failure to reach consensus among the parties involved. ### Related Stocks - [03958.HK](https://longbridge.com/en/quote/03958.HK.md) - [600958.CN](https://longbridge.com/en/quote/600958.CN.md) - [00293.HK](https://longbridge.com/en/quote/00293.HK.md)