reliable. According to the investigation of Aiqi, Wanlian Securities is the only wholly-owned state-owned securities company in Guangzhou. After 2 years of development, it has set up 77 branches all over the country, forming a network layout of "based in South China and radiating the whole country". Its main business covers all license types such as wealth management, securities self-management, asset management and investment banking. In 25, it became the first standardized securities company in Guangdong Province, and in 22, it obtained the pilot qualification of Internet securities business.