Which hot money is GF Securities Xiamen Huandao East Road?

Neither. According to the inquiry of GF Securities official website:

1. The business department of Xiamen Huandao East Road of GF Securities is a securities business department, which belongs to a branch of GF Securities Co., Ltd. and is one of the first comprehensive securities companies in China.

2. Hot money refers to short-term speculative funds that flow rapidly in the financial market. Hot money is not a specific institution or individual, but a collection of such investment behaviors.

3. Therefore, the sales department of Xiamen Huandao East Road of GF Securities is not hot money.