Founded in 1988, with registered capital of RMB13.0642bn, Haitong Securities Co., Ltd. has always persevered with the business philosophy of “pragmatism, pioneering, prudence and excellence” and the idea of risk control of “being prudent and even conservative”. During the past more than three decades, it has tided over multiple market and business cycles, regulatory reforms and industrial transformations. At the end of 2022, Haitong Securities had total assets of RMB753.6bn, net assets attributable to parent company of RMB164.6bn. It has basically built itself into a financial service enterprise covering securities and futures brokerage, investment banking, proprietary trading, asset management, private equity investment, alternative investment, financial leasing and overseas investment banking. In terms of overseas, it has branches and subsidiaries across 15 countries on 5 continents including the global financial centers of New York, London, Singapore, Hong Kong, Shanghai and Tokyo, and it has 337 securities and futures branches in China, and nearly 21mn clients at home and abroad. Given the unprecedented changes unseen for a century, Haitong Securities will take advantage of its development in the past more than three decades, with the vision of building a domestic first-class and internationally influential modern financial service enterprise, actively involve itself into the high-quality development of the national economy and the construction of Shanghai international financial center, accurately identify changes, scientifically deal with changes and actively seek changes to provide positive contribution for the healthy development of the real economy.