According to the inquiry of Huabao Securities official website, Huabao Securities Company's full name is Huabao Securities Co., Ltd., which was approved by the China Securities Regulatory Commission, registered and established in accordance with the law and has independent legal personality. The company started business on March 8, 2002 and was registered in Shanghai. Warburg Securities has set up securities business departments in several provinces in China, with an advanced and scientific information management system and an all-round upgraded online trading system. So Warburg Securities is a regular company.