Is there a relationship between Ping An Securities account cancellation and Ping An Insurance?

Relationship between subsidiary and parent company. The parent company and the subsidiary company are related, and the assets of the subsidiary company are actually controlled by the parent company. At the same time, subsidiaries also have legal personality and can bear civil liability externally. Although the subsidiary is an independent legal person, it can engage in various business activities within its own business scope, but its autonomy is limited. The parent company plays a leading role in the shareholders' meeting of the subsidiary, and the management policy and investment plan of the subsidiary are actually decided by the parent company.