Guangfa Securities Co., Ltd. is a securities company in China. The company mainly consists of four business units. The investment banking department provides equity and debt underwriting as well as financial advisory services for enterprises. The wealth management department provides financial products, investment advice, margin financing, securities lending and repo trading services, as well as brokerage services for stocks, bonds, funds, futures and other trading securities. The trading and institutional customer service departments are mainly engaged in market-making and proprietary trading of stocks, fixed income and derivatives, and provide trading advice and execution, investment research and institutional brokerage services to institutional clients. The investment management department provides asset management and fund management services and is engaged in private equity and alternative investment businesses.