How about Hualin Securities? Is it dangerous to open an account?

Hualin Securities is a formal securities company, which is supervised by the CSRC, but it belongs to small and medium-sized brokers. There is no danger in opening an account, and the investment risk is a personal problem, which has nothing to do with brokers.

Hualin Securities Co., Ltd. was incorporated in Xizang Autonomous Region Administration for Industry and Commerce on June 2007 1997. The business scope of the company includes securities brokerage; Securities investment consulting; Financial advisers related to securities trading and investment activities, etc.

A securities company refers to a limited liability company or a joint stock limited company with independent legal personality, which is established with the approval of the the State Council securities regulatory authority in accordance with the provisions of the Company Law and the Securities Law and specializes in securities business.

Securities companies are legal entities specializing in securities trading, which are divided into securities management companies and securities registration companies. In a narrow sense, a securities company refers to a securities business 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 administrative department for industry and commerce. Having the membership of a stock exchange, you can underwrite the issuance, self-management or agent trading of securities. Ordinary investors must invest in securities through securities companies.

In different countries, securities companies have different names. In the United States, securities companies are called investment banks or brokerage dealers; In Britain, securities companies are called commercial banks; In continental Europe (represented by Germany), because of the mixed operation system, investment banks are only a part of universal banks. In East Asia (represented by Japan), it is called a securities company.