· China's North and South cars both suspend the merger and then trigger a merger speculation

On the 27th, China South Locomotive and China North Locomotive were suspended at the same time, and a suspension notice was issued in the evening. Both parties stated that there are major uncertainties in the planning of major issues. The company will determine whether to carry out the above-mentioned major events as soon as possible, and announce and resume trading within 5 working days from the date of suspension of the stock (including the date of suspension). The simultaneous release of the two announcements has once again triggered the market's speculation about the merger of the North and South cars.
The rumor of the North-South car merger is not the first time. In September this year, it was reported that the State-owned Assets Supervision and Administration Commission was pushing for the merger of the two companies in order to increase the overseas competitiveness of China's high-speed rail and avoid the vicious price reduction of both sides, and both parties have reported integration plans. However, both of them subsequently issued an announcement denying the above news. In earlier 2011, because of the high degree of business overlap between the two companies and the serious homogenization of products, there was a merger news.
For the suspension of the two sides, the "First Financial Daily" quoted informed sources yesterday that the State Council requested to promote the merger of the North and South cars, and State Councilor Wang Yong was responsible for supervising the organization and formulating an implementation plan. Xiong Yan, an investment management analyst at Xiongfeng, also believes that first, it is possible that the two companies will jointly obtain large international orders, and second, it is possible to initiate a reform plan for the merger of North and South vehicles. If it is the first possibility, the suspension time will be right and the short-term will continue to rise. If it is the second possibility, it will be suspended for a period of time, which will be a major positive for both China North Car and China South Locomotive.
China South Locomotive and China CNR are both central enterprises under the management of the State-owned Assets Supervision and Administration Commission. In 2000, they were separated from the former China Railway Locomotive and Rolling Stock Industry Corporation. Since then, CSR and CNR have become the main rivals and the competition has become increasingly fierce.
Wang Mengshu, an academician of the Chinese Academy of Engineering, said in an interview not long ago that the call for merger is because the two companies are pressing each other's prices, and if they are merged, they do not need to bid. He believes that it is best to merge, not to suppress prices at home, and to avoid corruption. There are also views that once the two companies merge, the domestic rail transit industry is basically left with this giant, which may affect the efficiency of competition and technological progress.

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