What is the level of Hubei Hongtai Group?

Hubei Hongtai Group Co., Ltd. is a departmental unit. It is wholly owned by the State-owned Assets Supervision and Administration Commission of Hubei Province, and the group holds TF Securities of Hubei Bank. Hubei province, established in 2022, is a provincial state-owned enterprise, so it is a departmental unit. On the afternoon of June 5438 +20221October 25th, Hubei Hongtai Group Co., Ltd., the second batch of newly established provincial state-owned enterprises in Hubei Province, was formally established. Hubei Hongtai Group Co., Ltd. (hereinafter referred to as "Hubei Hongtai Group") was established on June 25, 2022 and is the only financial service enterprise in Hubei Province. According to the new round of reform and deployment of state-owned assets and state-owned enterprises by the provincial party committee and the provincial government, the Group focuses on the three major tasks of serving the real economy, preventing and controlling financial risks and deepening financial reform, focusing on the four main responsibilities of comprehensive financial services, factor market construction, policy and financial guarantee and capital market operation, focusing on financial investment, and building a national first-class financial investment group with outstanding main business, remarkable benefits, strict risk control and coordinated linkage.