Guangdong Golden Dragon Development Inc. (000712.SZ) is a China-based investment holding company primarily engaged in equity investment, investment consulting and management, and business management consulting services. The company generates revenue from commission income, investment income, securities brokerage, securities trading, agency sale of financial products, futures brokerage, investment banking, securities underwriting and sponsorship, financial consultancy, asset management, fund management, and private equity and alternative investments. It operates through subsidiaries including Zhongshan Securities with 24 branches and 33 sales departments, and Dongguan Securities with 32 branches and 71 sales departments, focusing on the domestic Chinese market from its headquarters in Qingyuan, Guangdong Province, originally founded in 1997 as Guangdong Jintai Development Co., Ltd. In 2024-2025, the company executed a major divestiture by publicly listing and transferring a 20% stake in Dongguan Securities Co., Ltd. (300 million shares) for CNY 2.3 billion to Dongguan Development Co., Ltd. and Dongguan Financial Holdings Group Co., Ltd., with the transaction completed on July 1, 2025, aimed at reducing debt, optimizing financial structure, and improving cash flow.