China Securities Regulatory Commission (CSRC) Chairman Wu Qing stated at the 8th Member Congress of the Securities Association of China on December 6 that the securities industry has actively integrated into the overall economic and social development, significantly enhancing its capabilities. Landmark restructuring cases, including the merger of Guotai Haitong Securities (GTHT), have been smoothly implemented, initially achieving a synergistic effect where "1+1>2."