Which company does Dongfanghong Asset Management belong to?

Dongfanghong Asset Management is Shanghai Oriental Securities Asset Management Co., Ltd. (referred to as: Dongfanghong Asset Management, Dongfanghong Asset Management). It was established on July 28, 2010 and was approved by the China Securities Regulatory Commission. The securities firm is an asset management company, and it is also one of the earliest securities firm asset management companies in the industry to obtain the qualification for public fund management business.

A securities company refers to a limited liability company or company established in accordance with the provisions of the "Company Law" and the "Securities Law" and approved by the securities regulatory authority of the State Council to specialize in securities business and have independent legal person status. Co., Ltd.

Securities Company is a legal person enterprise specializing in the trading of securities. It is divided into a securities operating company and a securities registration company. A securities company in a narrow sense refers to a securities operating 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 industrial and commercial administration bureau. It has membership of a stock exchange and can underwrite the issuance, buy and sell securities on its own account, or buy and sell securities on its own account and as an agent. Ordinary investors' securities investments must be made through securities dealers.

In different countries, securities companies have different names. In the United States, securities companies are called investment banks (Investment Bank) or securities brokers (Broker-Dealer); in the United Kingdom, securities companies are called merchant banks (Merchant Bank); in continental Europe (represented by Germany), due to The mixed operation system has always been used. Investment banking is only a department of Universal Bank; in East Asia (represented by Japan), it is called Securities Company.

The securities regulatory authority of the State Council shall evaluate the net capital of securities companies, the ratio of net capital to liabilities, the ratio of net capital to net assets, and the ratio of net capital to self-operation, underwriting, asset management and other business scales. , the ratio of liabilities to net assets, and the ratio of current assets to current liabilities and other risk control indicators are stipulated. Securities companies withdraw trading risk reserves from their annual after-tax profits to make up for losses in securities transactions. The specific proportion of such withdrawals is stipulated by the securities regulatory authority of the State Council. When the securities regulatory authority of the State Council deems it necessary, it may entrust accounting firms and asset appraisal agencies to audit or evaluate the financial status, internal control status, and asset values ??of securities companies.