Henghua International was established in 2006 and is a wholly-owned subsidiary of China nanhua futures Co., Ltd. In June 2007, it was approved by the Hong Kong Securities Regulatory Commission to operate Hong Kong and international futures business in Hong Kong, and officially opened on September 5 of the same year. Henghua International was registered in Hong Kong and obtained the leveraged foreign exchange trading license of the Hong Kong Securities Regulatory Commission, and its business was also supervised by the Hong Kong Securities Regulatory Commission. There is a strict distinction between the company's own account and the customer's account, and it is required to report the financial affairs to the CSRC every month.