When Shen Yin Securities integrated all countries, the national debt incident led to the collapse of all countries. It was absorbed by Shen Yin.

In addition, many brokers take away clients' funds privately, which leads to a wide range of brokers being regulated and integrated. For example, Liaoning Securities.

In recent years, for example, Founder Securities acquired a small regional brokerage firm, and Hongyuan Securities was absorbed and merged, all of which were big deals.