Investment bank CICC, China Investment Securities said to be in merger talks

Investment bank China International Capital Corp. and brokerage China Investment Securities Co., firms with 186 billion yuan ($28 billion) of assets last year, are in talks on a possible merger, people familiar with the matter said.

A transaction is not certain, and the structure of any deal is yet to be decided, the people said, asking not to be identified because the talks are private.

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