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What is the relationship between China Guangfa Bank and Guangfa Securities?

Two subsidiaries of the same group company GF Holdings.

Guangfa Bank and GF Securities are two subsidiaries of the same group company, GF Holdings. Although they are all owned by GF Holdings, they are independent from each other in terms of business and are engaged in banking and securities industries respectively. China Guangfa Bank is a commercial bank that provides various financial services, including deposits, loans, financial management, credit cards, etc. China Guangfa Bank has branches throughout China, providing comprehensive banking services to individual and corporate customers. GF Securities is a securities company mainly engaged in securities transactions, investment consulting, asset management and other securities businesses. GF Securities provides securities investment products such as stocks, bonds, and funds, and provides investors with services such as investment consulting and transaction execution.