According to the approval of CSRC, Yongxing Securities intends to set up an alternative subsidiary named "Yongxing Equity Investment (Ningbo) Co., Ltd." to engage in alternative investment business, but only to participate in the follow-up investment business of GEM and science and technology innovation board Project.

According to public information, the establishment of Yongxing Securities is closely related to the risk disposal of Huaxin Securities.

In 20 19, Huaxin Securities was revoked all its business licenses by the CSRC for violating the law. After Huaxin Securities was delisted and liquidated, Yongxing Securities and its sole shareholder Ningbo Development and Investment Group participated in the risk disposal of Huaxin Securities, in which Ningbo Kaitou invested 65.438+65.9 billion yuan to acquire the relevant rights and interests of Huaxin Securities asset management products; As the transferee of Huaxin Securities' securities assets, Yongxing Securities has received nearly 300 employees from Huaxin Securities' fixed assets, trading seats, information systems, brokers, investment banks, asset management and other departments.