Definition of securities consulting service institutions

The Securities Law does not make mandatory provisions on the nature, legal status and organizational form of securities consulting institutions. However, according to the Interim Measures for the Administration of Securities and Futures Investment Consulting Institutions issued by the former the State Council Securities Commission and Article 3 of its detailed rules for implementation, securities consulting institutions are limited companies or joint stock companies established in accordance with the Company Law to engage in securities and futures investment consulting business, including securities and futures investment consulting companies, securities operating institutions, futures brokerage institutions, information service institutions, information network companies, financial consulting companies and assets.