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CITIC Securities Sells ENN Natural Gas Shares in Index-Tracking ETF Deal

CITIC Securities sold 700 ordinary shares of ENN Natural Gas Co., Ltd. on November 20, 2025, as part of creating new index-tracking ETFs. The sale represented less than 1% of the class in issue and less than 20% of the value of the securities in the basket or index, totaling RMB 14,639.

Reuters·
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CITIC Securities Co., Ltd.: It is recommended to pay attention to the Huijin system's internal and affiliated institutions, state-owned enterprises with continuous integration potential, and securities companies that continue to promote the construction of first-class investment banks

CITIC Securities research report points out that CICC's mergers and acquisitions show the determination of Central Huijin to accelerate the construction of a world-class investment bank. In the next 5 years, the securities industry will compete to build 10 comprehensive institutions leading industry development, and it is expected that by 2035, there will be 2-3 world-class investment banks. It is recommended to pay attention to the internal and affiliated institutions of Huijin, state-owned enterprises with integration potential, and securities companies promoting the construction of first-class investment banks

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Three major factors support the enhancement of the allocation value in the securities industry

Boosted by the announcement of a significant merger by CICC, on November 20th, the A-share brokerage sector opened higher collectively, with Capital Securities rising over 8% during the session, and Industrial Securities, DFZQ, and CSC also showing strong gains. Hong Kong brokerage concept stocks were similarly active, with CINDA INTL HLDG at one point rising over 60%. Behind this round of market activity are the combined driving forces of policy, capital, and fundamentals. (Shanghai Securities Journal)

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CITIC Securities Purchases ENN Natural Gas Shares in Pre-Existing ETF Dealing

CITIC Securities purchased 100 shares of ENN Natural Gas Co., Ltd. via pre-existing index-tracking ETFs for $2,053 on November 19, 2025. This transaction was announced by ENN Energy Holdings Ltd. and is connected to the Offeror. The news was generated by Public Technologies using AI and is for informational purposes only.

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Brokerage Consolidation Continues in Mainland China

China International Capital Corporation (CICC) plans a share-swap merger with Dongxing Securities and Cinda Securities, aiming to create world-class brokerages. The combined assets of over 1 trillion yuan will rank them as China's fourth largest broker. This merger supports China's strategy to develop globally competitive banks by 2035, following a similar merger by Guotai Junan Securities in 2024.

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