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What is the relationship between Ningxia Zhongwei Securities and Ping An Securities?

Ningxia Zhongwei Securities and Ping An Securities are not directly related.

Ningxia Zhongwei Securities is a securities company registered in China, established in 1992 and headquartered in zhongwei, Ningxia Hui Autonomous Region. It is one of the national securities companies approved by China Securities Regulatory Commission, mainly engaged in securities business such as stocks, bonds and funds.

Ping An Securities, a wholly-owned subsidiary of China Ping An, was established in 2005 and is headquartered in Shenzhen. It is one of the national securities companies approved by China Securities Regulatory Commission and one of the largest securities companies in China. Its main business includes securities brokerage, securities underwriting and sponsorship, investment banking, wealth management and so on.

Ningxia Zhongwei Securities and Ping An Securities are both domestic securities companies, but they have no direct equity or business relationship.