Regarding the top choice among the Three Fools of China International Capital Corporation

Based on the current price levels, prioritize CICC H > CICC > Everbright Xingye > Cinda. If the merger succeeds, CICC will be the first to resume trading; according to past experience, the first to resume trading often creates a 5%+ share-swap premium for those that resume later. If it fails, CICC should also be the one that falls the least. Everbright Xingye is the same as Cinda: if it succeeds, only the share-swap price will be the anchor; if it fails, Cinda’s net assets and earnings are both worse than Everbright Xingye’s, so it’s expected to drop the most.

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