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Is there a difference between CITIC Securities South China and CITIC Securities Shandong account opening?

The difference between a head office and a subsidiary. Head office and subsidiaries, CITIC Securities South China Co., Ltd. is a wholly-owned subsidiary of CITIC Securities Co., Ltd., whose predecessor is Guangzhou Securities Co., Ltd., while CITIC Securities (Shandong) Co., Ltd. is a wholly-owned subsidiary of CITIC Securities Co., Ltd., whose predecessor is Qingdao Securities Company established in 1988. The difference between CITIC Securities South China and CITIC Securities Shandong is the difference between the head office and its subsidiaries.