Heng Qian Cao

China Southern Asset Management Co., Ltd. (CSAM) is an independent Chinese fund management firm which was founded in 1998. Headquartered in Shenzhen, the firm launched China's first listed open-ended fund in 2004 and manages a range of close-ended and open-ended investment funds for institutional clients and private individuals. They are one of the investment managers selected by the Chinese government to manage an institutional mandate for the National Social Security Fund. In 2007, CSAM acquired QDII status (Qualified Domestic Institutional Investors) allowing them to invest in the overseas capital markets under the foreign exchange control system in China. They announced the launching, in cooperation with US-based Mellon Financial Corporation, of their first QDII investment fund in 2007.

Guosen Securities Co., Ltd. (Broker) (GSEC-Broker) is the broker/dealer division of Guosen Securities Co., Ltd. (SHE: 002736), a financial services company headquartered in Shenzhen, China. The firm was founded in 1994 as Shenzhen SDIC Securities Co., Ltd. GSEC-Broker provides retail clients with a full range of services such as securities trading, investment consulting, margin financing, stock pledge financing, futures IB, and financial product agency sales.

GF Fund Management Co., Ltd. (GF) is the fund management subsidiary of GF Securities Co., Ltd. (SHE: 000776, HK: 1776) in China. Headquartered in Guangzhou, GF was founded in 2003 and provides comprehensive services in asset management containing mutual funds, specific customers’ assets management (Discretionary Account), securities investment advisory, QDII programs, insurance funds entrusted management and social security funds in the PRC.

Liaoning Chengda Group Co., Ltd. engages in the manufacture of clothing and textile raw materials. Its business activities include property management, computer technology services, import and export, and coal wholesale business. The company was founded on September 28, 1995 and is headquartered in Dalian, China.

BOC International (China) Ltd. (Broker) (BOC Broker) is the brokerage division of BOC International (China) Ltd. The firm is headquartered in Shanghai and was founded in 2002. BOC Broker provides brokerage services to their clients.

AJ Securities Co., Ltd. provides securities brokerage services. The company is ultimately controlled by the Shanghai Pudong New District. The company is based in Shanghai, China. The Chinese company was founded in 2002. The CEO is Hua Qian.

Zhongtai Securities Co., Ltd. (Broker) is the brokerage division of Zhongtai Securities Co., Ltd. (SHA: 600918), which is a subsidiary of Shandong State-Owned Assets Supervision and Administration Commission in China. The firm was founded in 2001 as Qilu Securities Co., Ltd. Headquartered in Jinan, Zhongtai Securities provides securities brokerage services to institutional clients.

SWS Research Co., Ltd. is the investment research subsidiary of Shenwan Hongyuan Securities Co., Ltd., which is owned by Shenwan Hongyuan Group Co., Ltd. (SHE: 000166) in China. Headquartered in Shanghai, the firm was founded in 1992 to offer a wide range of products and services to global investors who want to invest in Chinese equity market. SWS Research provides clients with securities research service that covers over 500 key stocks in Asian market, as well as economics, strategy, bond, fund and derivatives research. Their clients include almost all major domestic institutional investors such as mutual funds, insurance companies, banks and trusts. They also serve QFII and other overseas institutional investors.

China CICC Wealth Management Securities Co., Ltd. provides security dealing. The company is based in Shenzhen, China. The Chinese company was founded in 2005. The CEO is Chang Sheng Hu. China CICC Wealth Management Securities Co. was acquired by China International Capital Corp. Ltd. from China Investment Corp. on April 12, 2017 for $2,558.03 million.

Essence Securities Co. Ltd. (Broker) (Essence Securities-Broker) is the broke/dealer division of Essence Securities Co. Ltd., an investment bank headquartered in Shenzhen, China. It was founded in 2006 and is owned by SDIC Capital Co., Ltd. (SHA: 600061). The firm provides securities broking and trading services to retail clients.

Liaoning Trust Investment Co. provides investment services. The private company is based in Tianjin, China.

Founder Securities Co., Ltd. (Broker) (Founder Securities-Broker) is the securities brokerage division of Founder Securities Co., Ltd. (SHA: 601901), a public-held company headquartered in Changsha, China. Founded in 1988, Founder Securities-Broker provides a range of broking and trading services to institutional investors.

China Merchants Securities Co., Ltd. (Broker) (CMS) is the securities brokerage division of China Merchants Securities Co., Ltd. (SHA: 600999) in China. Headquartered in Shenzhen, CMS was founded in 1991 and provides comprehensive securities service platform for private, corporate, and institutional clients in domestic and international capital markets.

Part of GF Securities Co., Ltd., GF Holdings (Hong Kong) Corp. Ltd. is a financial services company based in Hong Kong, HK. GF Holdings (Hong Kong) Corp. provides wealth management services, securities brokerage for Hong Kong and US stocks, and investment solutions for individual and institutional clients. GF Holdings (Hong Kong) Corp. is a wholly-owned subsidiary of GF Securities Co., Ltd. approved by the China Securities Regulatory Commission. The Chinese company manages and plans the business of GF Securities' wholly-owned subsidiaries in Hong Kong. The company's institutional client business covers equity, fixed income, foreign exchange, and commodities, providing various financial instruments such as cash stock sales trading, bulk brokerage, stock research, investment and financing solutions, fixed income products, foreign exchange and commodity products, futures and options, exchange-traded funds, and derivatives. GF Holdings (Hong Kong) Corp. also offers FICC investment portfolios that involve multiple countries and cover various investment fields, including public market bonds, credit alternative investments, commodities, funds, ETFs, low-volatility products, fixed-income products, RMB products, and FOF products. The company was founded in 2006. Charles Lin has been the CEO of the company since 2022.

GF Asset Management (Hong Kong) Ltd. (GFAM-Hong Kong) is the fund management subsidiary of GF Holdings (Hong Kong) Corp. Ltd., which is wholly owned by GF Securities Co., Ltd. (SHE: 000776) in China. Headquartered in Hong Kong, GFAM-Hong Kong was founded in 2006 to offer overseas investment solutions to Chinese investors and provides unique solutions for overseas clients that wish to invest in China.

Southwest Securities Co., Ltd. (Broker) (SWSC) is the brokerage division of Southwest Securities Co., Ltd. (SHA: 600369) in China. Headquartered in Chongqing, SWSC was founded in 1999 and provides full spectrum of securities and futures brokerage services specifically tailored for both retail and institutional investors.

Huatai Securities Co., Ltd. (Broker) (Huatai Securities-Broker) is the broker/dealer division of Huatai Securities Co., Ltd. (SHA: 601688, HKG: 6886), a securities group headquartered in Nanjing, China. Founded in 1991, Huatai Securities-Broker offers brokering and trading of stocks and funds for various investors.

GF Securities Asset Management (Guangdong) Co., Ltd. (GF Asset Management) is the wholly-owned asset management subsidiary of GF Securities Co., Ltd. (SHE: 000776) in China. Founded in 2014, GF Asset Management is headquartered in Guangzhou and provides asset management services to a range of clients including institutions, hedge funds, advisors and financial consultants.

E-Capital Transfer Co. Ltd. engages in the provision of internetwork financial application services. Its businesses include Cloud Certification, Cloud Testing, and Credit Link business. The company was founded on January 8, 2005 and is headquartered in Shanghai, China.

Northern Securities Co., Ltd. provides investment advice.