Oceanwide Group, the largest shareholder of Minsheng Securities, was once one of the three largest shareholders of Minsheng Bank, and Lu Zhiqiang, the chairman of Oceanwide, was once the vice chairman of Minsheng Bank. It was Lu Zhiqiang who joined some shareholders of Minsheng Bank to acquire Huanghe Securities in 2002 and changed its name to Minsheng Securities.
Minsheng Holdings Co., Ltd., referred to as Minsheng Holdings for short, stock code: 0004 16, is a financial business empire established by China Oceanwide Holding Group Co., Ltd..