What's the difference between Guangdong Securities and Guangfa Securities?

Guangdong Securities was the former Guangdong Securities Company, and was restructured into Guangdong Securities Co., Ltd. on 1998. It doesn't exist now.

Guangfa Securities is the former securities department of Guangfa Bank. Because the central bank reorganized and separated its banking business in the past, it has now become a first-class brokerage in China, and its net profit in the first half of this year ranks very high in China.