Caitong Securities Asset Management Co., Ltd., Caitong Securities Company and Caitong Securities Investment Co., Ltd. are all stupid. Can someone explain?

First of all, the Caitong Securities Investment Co., Ltd. you mentioned is an illegal company and has nothing to do with Caitong Securities and its asset management.

Secondly, the other two companies are parent-subsidiary companies. Caitong Securities Asset Management Co., Ltd. is a professional securities asset management institution approved by China Securities Regulatory Commission, and a wholly-owned subsidiary of Caitong Securities Co., Ltd. You can find it on official website of China Securities Regulatory Commission.