Zhongshan Securities is good. Although it is only a small brokerage, the service is also good.

Zhongshan Securities Co., Ltd. (English name: Zhongshan Securities Co., Ltd.), established in November 1992, is one of the early securities companies in China.

The company has 80 securities business departments, located in the economically developed areas along the eastern coast from Northeast China to South China, and has a wide range of customer groups with a strong economic foundation.

Business scope: securities brokerage; securities investment consulting; financial consultants related to securities trading and securities investment activities; securities underwriting and sponsorship; securities self-operation; securities asset management; margin financing and securities lending; securities investment fund agency sales; providing intermediary introduction business for futures companies

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Development History Zhongshan Securities was established in 1992, headquartered in Shenzhen, with a registered capital of 1.7 billion yuan. It is a fully licensed comprehensive securities company.

The major shareholder Jinlong currently holds 70.96% of the equity of Zhongshan Securities. The company's 2019 annual report shows that in 2019, Zhongshan Securities achieved operating income of 1.575 billion yuan and a net profit attributable to the owners of the parent company of 236 million yuan.

Company events In August 2019, Lin Bingcheng, the chairman, legal representative, and former president who had held multiple positions, resigned as president of the company. Hu Yinglu, the company's former vice president and "veteran" of Zhongshan Securities in charge of the investment banking line, assumed the position of president.

In less than a year since Hu Yinglu took office, Zhongshan Securities has been subject to two regulatory penalties.

In October 2019, the Shenzhen Securities Regulatory Bureau took the administrative supervision measure of issuing a warning letter to Zhongshan Securities because some of its bond underwriting projects had insufficient due diligence, lax control of the core process, inadequate management mechanisms to prevent conflicts of interest, and incomplete work papers.

There are situations such as imperfect traces; some asset securitization projects have insufficient supervision and inspection of the cash flow of underlying assets.

On June 11, 2020, Jinlong Shares announced that it had received the "Prior Notification" of supervisory and management measures issued by the Shenzhen Securities Regulatory Bureau from its controlling subsidiary Zhongshan Securities. The Shenzhen Securities Regulatory Bureau planned to suspend the registration of new asset management products and new products of Zhongshan Securities.

Capital-increasing and consuming businesses (stock pledge repurchase, margin financing and securities lending) and other businesses also require some management to return remuneration in addition to basic salary.