There are three major considerations behind the merger of Guotai Junan and Haitong Securities

On September 5th, there are three major considerations behind the merger of Guotai Junan and Haitong Securities. First, Shanghai urgently needs to build a world-class investment bank to help build Shanghai's international financial center. Second, this merger will help both parties complement each other's advantages and enhance core functions. Third, this merger will help optimize the layout of Shanghai's financial state-owned assets, and strengthen and improve state-owned capital.