Ping Yang

Hong Yuan Securities Co., Ltd. engages in the securities industry. The company operates through the following business divisions: Securities Brokerage, Proprietary Trading, Underwriting, Asset Management, Margin Trading, and Securities Investment Consulting. The Securities Brokerage division trades stocks and bonds by buying and selling securities based on the orders of its clients. The Proprietary Trading division conducts trading of securities on the company's own account, rather than on behalf of its clients. The Underwriting division administers public issuance and distribution of securities from an issuing body. The Asset Management division is involved in the management of its clients' investments. The Margin Trading division purchases and trades securities using money borrowed from another securities broker. The Securities Investment Consulting Services division helps its investing clients with their long-term investment planning. The company was founded on May 25, 1993 and is headquartered in Urumqi, China.