Securities companies are not state-owned enterprises. Therefore, China Merchants Securities is also a joint stock limited company, and its business scope includes providing investors with all-round securities investment and financing services such as securities trading agent, securities issuance and underwriting, mergers and acquisitions, asset restructuring, financial consulting, asset management and investment consulting. The following are the top ten stock exchanges in China: CITIC Securities, Guo Xin Securities, China Merchants Securities, Guangfa Securities, Haitong Securities, Huatai Securities, Shenwan Hongyuan, Galaxy Securities, Guotai Junan and CITIC Jiantou.

Top Ten Stock Exchanges in China:

1. CITIC Securities: CITIC Securities Co., Ltd., one of the top ten securities brands in China, was established in 1995 and is one of the largest securities companies in China.

2. Guo Xin Securities: Guo Xin Securities Co., Ltd. (hereinafter referred to as "Guo Xin Securities") was formerly Shenzhen Guotou Securities Co., Ltd. and was established on June 30, 1994.

3. China Merchants Securities: established in 199 1, a financial enterprise under Century Merchants, is a large-scale comprehensive brokerage firm with full license for securities market business.

4. Guangfa Securities: Guangfa Securities Co., Ltd., one of the top ten securities brands in China, the first batch of comprehensive securities companies in China, one of the most influential securities companies in China market, a large financial holding group, A-class AA-class securities companies, and its capital strength and profitability continue to lead in the domestic securities industry.

5. Haitong Securities: Haitong Securities Co., Ltd., one of the top ten securities brands, was established in 1988. China is a leading brand in the field of PE investment, a large-scale brokerage firm with early establishment/strong comprehensive strength in China, with securities as its core, and its business covers futures, direct equity investment, funds, financial leasing and other business fields.

6. Huatai Securities: Huatai Securities Co., Ltd., one of the top ten securities brands, was established in 199 1, a listed A-share company, one of the top 500 companies in China, a financial service provider with great influence in the Asia-Pacific market, and a comprehensive securities group that obtained the qualification of innovation pilot earlier.

7. Shen Wan Hongyuan: Hongyuan Securities Co., Ltd. is the first listed securities company in China, a national, comprehensive and innovative brokerage company approved by China Securities Regulatory Commission, and one of the first sponsors in China. The company has comprehensive securities business qualifications.

8. Galaxy Securities: china galaxy Securities Co., Ltd., one of the top ten securities brands in China, a national comprehensive securities company, one of the best bond underwriters in China, one of the most influential securities companies in China, the securities company with the most satisfactory investors and outstanding brand value.

9. Guotai Junan: Guotai Junan Securities Co., Ltd., a long-term, sustained and comprehensive leading integrated financial service provider in China securities industry.

10. CITIC Jiantou: China Jiantou Futures Economic Co., Ltd., one of the top ten securities brands in China, a national large-scale comprehensive securities company approved by the China Securities Regulatory Commission, a Class A AAA securities company, one of the earliest national securities companies established in China, the most growing investment bank and the best fund consignment broker.