Which company is Dongfanghong Asset Management?

Dongfanghong Asset Management Co., Ltd. is Shanghai orient securities Asset Management Co., Ltd. (referred to as Dongfanghong Asset Management and Zhengdong Asset Management), which was established on July 28th, 20 10. It is a brokerage asset management company approved by China Securities Regulatory Commission, and it is also a brokerage asset management company that obtained the qualification of Public Offering of Fund management business earlier in the industry.

A securities company refers to a limited liability company or a joint stock limited company with independent legal personality, which is established with the approval of the the State Council securities regulatory authority in accordance with the provisions of the Company Law and the Securities Law and specializes in securities business.

Securities companies are legal entities specializing in securities trading, which are divided into securities management companies and securities registration companies. In a narrow sense, a securities company refers to a securities business company, which is an institution that specializes in securities business after being approved by the competent authority and obtaining a business license from the relevant administrative department for industry and commerce. Having the membership of a stock exchange, you can underwrite the issuance, self-management or agent trading of securities. Ordinary investors must invest in securities through securities companies.

In different countries, securities companies have different names. In the United States, securities companies are called investment banks or broker-dealers. ; In Britain, securities companies are called commercial banks); ; In continental Europe (represented by Germany), because of the mixed operation system, investment banks are only a part of universal banks. In East Asia (represented by Japan), it is called a securities company.

The State Council securities regulatory authority shall stipulate the risk control indicators of securities companies, such as net capital, the ratio of net capital to liabilities, the ratio of net capital to net assets, the ratio of net capital to self-operation, underwriting and asset management, the ratio of liabilities to net assets, and the ratio of current assets to current liabilities. Securities companies withdraw trading risk reserve from annual after-tax profits to make up for securities trading losses, and the specific withdrawal ratio shall be stipulated by the State Council Securities Regulatory Authority. The State Council securities regulatory authority may, when it deems it necessary, entrust an accounting firm and an asset appraisal institution to audit or evaluate the financial status, internal control status and asset value of a securities company.