Guotai Junan completes Haitong Securities merger, announces key business changes

Guotai Junan Securities (SSE:601211) has completed its merger with Haitong Securities, rebranding as Guotai Haitong Securities Co., Ltd. and initiating changes to its investment banking operations, as approved by the China Securities Regulatory Commission. Agreements signed by Guotai Junan Securities remain valid, with investment banking services now executed by Guotai Haitong, encompassing guidance, underwriting, financial advisory, and bond underwriting. Haitong Securities' existing clients and businesses have been fully integrated into Guotai Haitong, with all agreements transferred.