[The industry's first independent development company, Hua'an Securities' fund investment consulting business is transferred to a subsidiary] On September 4, Hua'an Securities announced that starting from September 2026, the company's fund investment consulting business has been officially transferred to its wholly-owned subsidiary Hua'an Emerging Consulting, and the rights and obligations under the original fund investment consulting service agreement will be inherited by Hua'an Emerging Consulting. Huaan Xinxing Consulting was established on December 28, 1997. It is one of the first professional institutions in China to obtain the qualification for securities investment consulting business. In the first half of this year, Huaan Securities completed the capital increase in Huaan Xinxing Consulting, increasing the registered capital from 50 million yuan to 100 million yuan, and initially established an independent buyer's investment advisory business operation carrier. The subsequent buyer's investment advisory business will be independently developed by the subsidiary Huaan Xinxing Consulting. Analysts pointed out that most securities companies choose to carry out investment advisory business through their parent companies. Huaan Securities independently conducts buy-side investment advisory through its subsidiaries, which is the first case among all securities companies. (Reporter Wang Chen)