The first case of a securities firm's asset management merger is emerging! Guotai Junan Asset Management "absorbing" Haitong Asset Management will create several "firsts"?

The subsidiary-level merger of Guotai Junan has taken its first steps.

On the evening of July 25, Guotai Junan Securities suddenly announced that, after deliberation and approval by the fifth meeting of the seventh board of directors (temporary meeting), it agreed to merge its wholly-owned subsidiary Shanghai Guotai Junan Securities Asset Management Co., Ltd. with Shanghai Haitong Securities Asset Management Co., Ltd. and related work plans.

The proposal also authorized the management team of Guotai Junan Securities to handle the relevant matters related to the merger.

This is currently the first case of a merger from a brokerage asset management subsidiary in the industry. It is also the first subsidiary merger plan under Guotai Junan, and the pace of future progress is highly anticipated.

According to Wall Street News · Zhitang, this merger has the following characteristics:

1. Personnel preparations are sufficient. Prior to this, in April 2025, Tao Geng, the party secretary, vice chairman, president, and financial head of Guotai Junan Asset Management, had also served as the chairman of Haitong Asset Management. Ye Ming, the vice president of Guotai Junan Asset Management, also took on the role of deputy general manager (in charge of work) at Haitong Asset Management, laying the groundwork for the merger through high-level exchanges between the two parties.

2. The formal merger process was initiated quickly. The proposal on the merger of Shanghai Guotai Junan Securities Asset Management Co., Ltd. and Shanghai Haitong Securities Asset Management Co., Ltd. approved by the Guotai Junan board of directors was passed by communication voting, demonstrating the efficiency of the merger process.

3. Both parties have outstanding qualifications before the merger. Currently, both Guotai Junan Asset Management and Haitong Asset Management are leading asset management institutions in the industry, with strong business foundations and executive teams. The merger of these two asset management institutions will at least achieve a "strong alliance" in terms of teams and clients.

4. This is not only the first subsidiary integration initiated after the establishment of Guotai Junan but also the first merger and reorganization of brokerage asset management subsidiaries in the domestic securities industry.

5. According to media sources close to Guotai Junan, the company is currently promoting the integration of various subsidiaries in batches and in an orderly manner according to regulatory requirements. In addition to the integration of this asset management company, other subsidiaries have not yet clarified their integration plans.

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