China’s Orient Securities Deal to Create $86 Billion Brokerage

Two Shanghai government?backed brokerages plan to merge in a deal that will create a firm with around $86 billion in assets, underscoring China’s push to consolidate the securities industry as it seeks to build world?class investment banks. Orient Securities Co. plans to acquire a 100% stake in Shanghai Securities through a combination of A-share issuance and cash, according to a filing to the Shanghai Stock Exchange on Sunday. The two companies had combined assets of about 583 billion yuan at the end of 2025, according to latest financial statements. The proposed deal would further consolidate Shanghai’s government-backed brokerages, following the…