Bank of America Securities published a research report stating that CICC plans to acquire Dongxing Securities and Cinda Securities. After completion, CICC's revenue, net profit, net assets and net capital rankings will rise from 6th to 11th to 3rd to 6th. The bank believes that the key to this acquisition is capital replenishment, so that CICC can achieve growth in the short term, while synergy effects in wealth management and investment banking business can be achieved in the medium term. The bank reiterated its “buy” rating for CICC H shares and renewed the target price of HK$26.9; due to relatively high valuation requirements, it maintained a “neutral” rating for CICC A shares, and the target price remained at 41 yuan.

Bank of America Securities published a research report stating that CICC plans to acquire Dongxing Securities and Cinda Securities. After completion, CICC's revenue, net profit, net assets and net capital rankings will rise from 6th to 11th to 3rd to 6th. The bank believes that the key to this acquisition is capital replenishment, so that CICC can achieve growth in the short term, while synergy effects in wealth management and investment banking business can be achieved in the medium term. The bank reiterated its “buy” rating for CICC H shares and renewed the target price of HK$26.9; due to relatively high valuation requirements, it maintained a “neutral” rating for CICC A shares, and the target price remained at 41 yuan.