China Securities Association Seeks Industry Feedback on Draft M&A Guidance for Brokerages

The China Securities Association has circulated a notice to brokerages seeking industry feedback on Draft No. 7 of its model practice series for securities firms' mergers and acquisitions, according to Jiemian News. The draft lays out key steps across the full process of brokerage M&A and restructuring, from feasibility studies and preparation to transaction execution and post-deal integration, and draws on completed merger cases as examples for the industry.