Official website information inquired by enterprises shows that China Hong Kong Securities Clearing Co., Ltd. is a wholly-owned subsidiary of HKEx, and investors' shares are centrally deposited with China Hong Kong Securities Clearing Co., Ltd. In fact, the shares held by China Hong Kong Securities Clearing Co., Ltd. are the total shares of H-share shareholders' accounts traded on the trading platform of China Hong Kong Securities Clearing Co., Ltd., which is its agent. China Merchants Group is an institution established by the central government in the name of the Ministry of Communications in China and Hong Kong.