<div id="readability-page-1"><div>** Hong Kong-listed shares of China International Capital Corp (CICC) jump 7.1% to HK$20.3, their highest level since November 13** Shanghai-listed stock surges 10% to 38.38 yuan, its highest point since Oct 30** Chinese bank CICC unveiled plans on Wednesday to buy two smaller rivals in a share-swap deal worth about $16 billion, as Beijing strives to build globally competitive investment banks via industry consolidation** State-owned CICC said it would take over Dongxing Securities and Cinda Securities by issuing 3 billion China-listed shares at 36.91 yuan each in exchange for all outstanding shares of Dongxing and Cinda** Shares of Dongxing and Cinda rise 10% and 8.4%, respectively** YTD, CICC Hong Kong stock up 53.7%, Shanghai-listed shares up 9.8%</div></div>

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CICC's shares hit a 5-week high following its announcement to acquire Dongxing Securities and Cinda Securities in a $16 billion share-swap deal. The acquisition aims to enhance global competitiveness among Chinese investment banks. CICC will issue 3 billion shares at 36.91 yuan each for the takeover. Shares of Dongxing and Cinda also rose, reflecting positive market sentiment.

CICC's shares hit 5-week high on plans for share-swap acquisition of two rivals