On December 3rd, the reporter learned from the industry on December 3rd that in order to strengthen the risk management capabilities of the securities company group, maintain the stable operation of the securities company, prevent cross-border cross-industry contagion of financial risks, and promote the high-quality development of the industry, the Securities Association of China has drafted the "Guidelines for the Management of the Consolidation of Securities Companies (Trial) " in accordance with relevant laws and regulations and regulatory regulations, and recently solicited industry opinions. It is reported that the merger management covers securities companies and their subsidiaries at all levels, as well as all kinds of internal and external, domestic and foreign currency businesses, covering the board of directors, board of supervisors, managers, departments and other multi-level division of responsibilities, involving corporate governance, business coordination and internal transaction management, risk management, capital management and other key areas.