On March 17th, on the evening of March 16th, Xiangcai shares and Great Wisdom both announced that Xiangcai shares and Shanghai Great Wisdom joint stock company are planning to issue class A shares to all class A shares of Great Wisdom through Xiangcai shares. The way to exchange shares to absorb and merge Great Wisdom, and issue class A shares to raise supporting funds. Due to the planning of major asset restructuring, the two companies' class A shares have been suspended since March 17th, and the estimated suspension time is not more than 10 trading days. It is noted that this time, Xiangcai shares absorbed the great wisdom of the merger. After the failure of the first merger attempt of the two parties in 2015, they joined hands to merge again after a lapse of ten years. If the two restructurings are successful, it is expected to further upgrade the strategy of coordination in financial technology and securities license business. "This merger is in line with the guidance of regulators to encourage listed companies to strengthen mergers and acquisitions, optimize the supply side, and effectively learn from each other's strengths in cross-border mergers and acquisitions," said an analyst at a non-bank brokerage.