On August 16, 2000 (July 17, 2000 lunar calendar), the only state-owned securities company in our country - China Galaxy Securities Co., Ltd. was established. On August 16, 2000, with the approval of the State Council, the only state-owned securities company in our country - China Galaxy Securities Co., Ltd. was officially established. China Galaxy Securities Co., Ltd. is a national wholly state-owned comprehensive securities company established by China Huarong Trust and Investment Company, China Great Wall Trust and Investment Company, China Oriental Trust and Investment Company, China Cinda Trust and Investment Company, and PICC Trust and Investment Company, which are wholly owned by China Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and China Life Insurance Company. The company has a registered capital of 4.50 billion yuan and has 174 securities business departments in 56 cities across the country. It is currently the securities company with the largest number of securities business departments in China. In the first half of this year, the cumulative trading volume of the company's agent class A share fund was 483.80 billion yuan, accounting for 6.5% of the total trading volume in Shanghai and Shenzhen, ranking first in the national brokerage list. China Galaxy Securities' business mainly includes securities agency trading, agency principal repayment, dividend distribution, securities custody, etc.