According to the inquiry, Huabao Securities is the only securities company under Baosteel Group and another important part of Baosteel Group's financial system after Huabao Trust and Huabao Industrial Fund. Baosteel Group, the shareholder of the company, is a state-authorized investment institution and a state-owned holding company approved by the State Council. It is the most competitive integrated iron and steel enterprise in China, ranking first in China's manufacturing industry for five consecutive years, ranking among the top 500 in the world for six consecutive years, and ranking 220th in 2009. It has also been rated as "the most respected company in the world" by American Fortune magazine for many times. With the strong support of shareholders, Warburg Securities has made gratifying progress since its establishment in 2006. In 2008, the company won the "2008 fastest-growing securities broker" award awarded by shanghai securities news. In 2009, the company successively obtained two qualifications of securities self-management and investment consulting, and quickly developed into a comprehensive brokerage with multiple business qualifications; In 20 10, the shareholders of the company have decided to increase capital and share to1500 million yuan.