What is the connection between Hua Fu Securities and Industrial Bank?

The head office of Industrial Bank is located in Fuzhou, Fujian Province. The largest shareholder is the Fujian Provincial Department of Finance, and Hua Fu Securities is a wholly-owned state-owned financial institution in Fujian Province. In 20 10 and 12, Fujian Energy Group Co., Ltd., Fujian Transportation Group Co., Ltd. and Lianhua International Trust Co., Ltd. jointly acquired 66% shares of Hua Fu Securities, and then Industrial Bank acquired 85 1% shares of Lianhua International Trust and changed its name. Therefore, only the name of Industrial Trust is seen in the list of shareholders.