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Is Minsheng Securities a State-owned Enterprise or a Private Enterprise?
Minsheng Securities is a private enterprise. Minsheng Securities, founded in 1986, is a comprehensive securities company headquartered in Beijing. Minsheng Securities has the qualification of securities brokerage, securities underwriting and sponsorship approved by China Securities Regulatory Commission. The business scope of Minsheng Securities includes securities brokerage, securities investment consulting, financial consulting related to securities trading and investment activities, securities underwriting and sponsorship, securities self-operation, securities asset management, margin trading, securities investment fund marketing, wealth management product marketing, insurance and agency business.

What happens when a securities company doesn't use it after opening an account?

It won't make any difference. No handling fees, management fees, annual fees, etc. In other words, if you don't use it for a long time after opening an account, the account may become a sleep account. If you want to use a sleep account, you need to activate the securities company to continue using it.