Changjiang securities underwriting sponsor is a wholly-owned subsidiary of changjiang securities.
The purpose of establishing this subsidiary in changjiang securities is to spin off the underwriting and sponsorship business, that is, the big investment banking business, and hand it over to Changjiang for underwriting and sponsorship. Headquarters has no permission to sponsor. However, the research post, the New Third Board and other businesses are still in the head office.
This situation is not uncommon among brokers. For example, Shen Wan Hongyuan also has its own underwriting and sponsorship subsidiary, and Huatai United also divested its investment banking business from Huatai Securities.
-Pure hand tour, suitable for adoption!