Shanghai Stock Exchange: After the completion of the share exchange, absorption and merger, Haitong Securities' shares will be discontinued

On January 26th, it was learned from the industry that recently, the Shanghai Stock Exchange notified the industry of Guotai Junan's share swap absorption and merger of Haitong Securities involving margin financing and short selling business. The Shanghai Stock Exchange stated that for the securities in transit generated during the share swap period that have not yet arrived in the account, when calculating the proportion of customers maintaining guarantees, the brokerage shall calculate its market value according to the fair price or other pricing methods according to the agreement with the customer and include the market value of the customer's collateral. < b > The Shanghai Stock Exchange stated that due to the fact that the listing of Haitong Securities will be terminated after the completion of the share swap absorption and merger, Haitong Securities will be transferred from the list of securities subject to margin financing and short selling as of January 23, 2025.