CITIC Securities: it is recommended to pay attention to the internal and affiliated institutions of the Sino-Jin series, state-owned assets institutions with continuous integration potential, and securities companies that continuously promote the construction of first-class investment banks.

The research report from CITIC Securities pointed out that the acquisition and restructuring of CICC by Central Huijin Investment Ltd. indicates the determination of accelerating the construction of a world-class investment bank by Central Huijin. In the future, the securities industry will focus on building 10 comprehensive institutions that lead the industry in the next 5 years. Competition to build 2-3 world-class investment banks by 2035 is expected to become intense. It is recommended to pay attention to internal and related institutions of Central Huijin, state-owned enterprises with continuous integration potential, and securities companies that are continuously promoting the construction of first-class investment banks.