What is the name of United Securities after it is renamed?

Before 2006, Huatai Securities and United Securities were two different securities companies. But in 2006, Huatai Securities took a stake in United Securities. Under the impetus of Huatai, United Securities has merged with Huatai Securities and officially became a subsidiary of Huatai Securities in 2009.

The name of United Securities Co., Ltd. was changed to Huatai United Securities Co., Ltd. on September 7, 2009. Among the 48 branches of United Securities, the names of 22 branches of United Securities, such as the securities business department of Changsha Laodong West Road, were directly changed to the branches of Huatai United Securities.

The merger is mainly because Huatai Securities, a joint venture securities holding company, cannot overlap its main business with the holding company in order to meet the IPO listing requirements. Huatai Securities acquired Xintai Securities before, and the merger of United Securities cleared the last obstacle for Huatai's listing. Huatai Securities ranks among the top five brokers in China.