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China Merchants Securities Co. Ltd. (“CMS”)  
Established in 1991 and formed by 15 shareholders, CMS has a registered capital of Rmb 2.2 billion. It now consists of 14
functional departments, and operates a network of 31 securities trading outlets in 19 cities. In the past decade of business operations, all staffs of CMS have strived their bests, focused on innovation, and the company is operating in adherence to the business principle of "integrity, prudence, service and innovation", that together has built a remarkable corporate image of growth and compliance. Up to 2001/12, total assets reached Rmb 10.6 billion, representing 300 folds in 11 years; Net assets reached Rmb 2.652 billion, representing 200 times of growth. Accumulated profit is recorded at Rmb 2 billion, which makes CMS ranked amongst the top few in the industry. The business of CMS is market oriented, and its clientele is the core. CMS is dedicated to expand its market share both by tangibly expanding distribution outlets and by virtual marketing efforts. By capitalizing on the collaboration between banks and securities companies, its service standard has been upgraded. By integration of company's resources, our competitive edge is sharpened. Electronically delivered services and innovative products were launched, while service levels w
ere continuously upgraded. CMS has successfully built a societal image representing "advanced technology and service".

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