According to the requirements of "Guidelines for Information Wall System of Securities Companies", if sensitive information is exchanged between business departments and their staff on both sides of the information wall, cross-wall approval procedures shall be performed.
A securities company refers to a limited liability company or a joint stock limited company with independent legal personality, which is established with the approval of the the State Council securities regulatory authority in accordance with the provisions of the Company Law and the Securities Law and specializes in securities business.