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Are Wan Xin Securities and Poly the same?
Wan Xin Securities is different from Poly.

Wan Xin Securities and Poly are two completely different companies, with obvious differences in business fields and ownership structure. Wan Xin Securities is a securities company, mainly engaged in securities trading, investment consulting and other financial services, while Poly is a real estate development and sales enterprise, focusing on the real estate industry. Wan Xin Securities was jointly established by CITIC Securities and other large state-owned holding enterprises, while Poly is a state-owned holding enterprise. So Wan Xin Securities and Poly are not the same company.