Our Equity Sales & Trading Department was founded in early 2005. Relying on the Company’s resources, the Department establishes, maintains and develops a high-end network of institutional investors for CITIC Securities. Service of the Department includes equity consulting, trading unit services for domestic institutional customers, sales of the equities underwritten by the Company, trading execution services for QFII customers, and other innovative businesses.

In the Primary Market: The Department assisted the Investment Banking team in (i) 5 IPO deals, including the listing of Metallurgical Corporation of China and Beijing Ultrapower Software, and (ii) 8 follow-on equity offering deals, including those of Beijing Capital Development, Poly Real Estate Group, Guangdong Midea Electric Appliances, Huadian Power International. In the Secondary Market: By 2009, the Department had established business cooperation with over 60 domestic fund management companies. Commissions income in 2009 was around RMB410 million, ranking No. 1 among peers. It was the broker for 30 Qualified Foreign Institutional Investors (QFIIs), ranking second among peers in terms of the size of its customer base. Income from other institutional customers is also growing rapidly.

The award-winning (Best Sales Team Award 2009 in survey by the New Fortune) equity sales and trading team operates in Beijing, Shanghai and Shenzhen.

By the end of 2009, the Department had formed close link with all of 60-plus domestic fund managers, including ChinaAMC, Harvest Fund Management, ICBCCS AMC, Hua An Funds, China International Fund Management, BoComm Schroders, China Universal AMC, Bosera Funds, Southern Funds, E-fund Management, Dacheng Fund Management. It also had fruitful relationship with large asset management companies such as China Life AMC, PICC AMC, and Ping An Insurance AMC. Its QFII clients are institutions with global reputation, for example, Franklin Templeton Investments, State Street Global Advisors, Invesco, Morgan Stanley Investment Management, Credit Suisse Asset Management, First State Investment Management, Bank Negara Malaysia, Samsung Investment, etc.