The merger of CITIC Securities and CITIC Jiantou was realized in 2023. This is a milestone in the history of China's securities industry and an important node in the development of China's financial market. The merger will greatly enhance the assets scale, business scope, technical strength and market competitiveness of the two companies, and further promote the opening of China's capital market.

CITIC Securities and CITIC Construction Investment are independent institutions, but their merger is not only for the expansion of scale. The two companies have complementary resources and advantages. After the merger, they will form a more perfect industrial chain and serve customers at a higher level. At the same time, since the merged company is the core subsidiary of CITIC Group, the linkage effect of the subsidiaries will be further optimized.

The merger of CITIC Securities and CITIC Jiantou is a part of the national capital market opening process, which contributes to the higher quality development of China's financial market. With the gradual opening of the global capital market, the merged company will make better use of its profits, resources and professional advantages, realize the privatization and internationalization of the industry, and further enhance the international competitiveness of China's financial market.