Zheshang Securities belongs to the first-line brokers. Zheshang Securities, with a registered capital of RMB 3 billion, is headquartered in Hangzhou, Zhejiang Province. The company is a state-owned holding company, a wholly-owned holding company of Zheshang Futures Co., Ltd. and the main sponsor of Zheshang Fund Management Co., Ltd. Zheshang Securities has 60 business outlets all over Beijing, Shanghai, Shenzhen, Tianjin, Chongqing and large and medium-sized cities in Zhejiang Province. In June 2009, the company was approved by China Securities Regulatory Commission. It has obtained the qualification to set up a sales department nationwide, and its operating performance and market share have increased year by year. Its main business indicators rank in the top 25 among the national 107 securities companies, and some indicators rank in the top 10.