Granted by People's Bank of China, Huatai Securities Co., Ltd. (Huatai) was established on Dec 30, 1990, and formally operated for business on May 26 in Nanjing. Huatai is one of the first batch of comprehensive securities firms approved by China Securities Regulatory Commission (CSRC).
Over more than decade, we always persist in taking our core values "Efficiency, Honesty, Steadiness, Innovation", hereby have enjoyed increasing scale of company. Up to April 2002, registration capital of the company reached RMB2.2 billion (about US$265 million). Our net asset reached RMB3238 million (about US$390 million) and total asset was RMB13.55 billion (about US$1.63 billion). On another hand, the quality of asset is always in perfect situation. In 2001, Dept. of Intermediary Supervision of CSRC released a list of securities firms that have not peculated deposits of customers and have enough net capital. Huatai was one of those firms, and was approved as a member of national interbank bond market in 2002.
Huatai has strict management, prudential and standardized operation, then our business have gained rapid development. Many business-indexes were in leading group in the industry in successive years such as stock trade volume, net asset return, etc. And online trade volume won champion in three successive years. Huatai website always has good reputation among industry and customers. Huatai website won the No.1 in the competition of "investors' favorite excellent securities website in China" sponsored by Securities Times in 2000, 2001, and 2002. At same time, Huatai gained the title of "the best investment consulting website" in 2001, and the awards of "the best securities website CEO" and "the best marketing achievement" in 2002. In 2002, Huatai still achieved good performance in a bearish market background. According report of 21st Century Business Herald, on the billboard of securities firms ranking along stock and fund trade volume in 2002, Huatai occupied the third position. The investment banking business gained rapid development in 2002 too. Huatai finished 6 deals as leading underwriter, financing volume exceeded RMB2 billion. The number of deals as leading underwriter ranked No. 3 in the industry; the number of IPO ranked No. 2; the volume of IPO as leading underwriter ranked No.8; the volume of ration as leading underwriter ranked No.4. Huatai acted as financial consultant in the deal of asset exchange of HuBeiXingHua (600886). The deal has significant influence in the industry because it is the first case relating to material restructure of listing company under supervision of authority just after relevant rule promulgated.
At present, Huatai has three headquarters in Beijing, Shanghai and Shenzhen, and 34 brokerage branches in large and medium cities in China with 15 service sites. Huatai established two investment-banking sub-headquarters in Nanjing and Shanghai, several investment-banking offices in Beijing, Shenzheng, Shengyang and Chengdu.
Experienced turbulence and development of stock market in China, Huatai has accumulated rich experience in terms of deploitation, innovation, standardization and self-discipline, optimized mechanism of internal control and risk defense, and trained a competitive team. Huatai has more than 1000 employees of which 80% have passed qualification examination that is leading in the industry. 51% of Huatai employees has bachelor degree and above.
Coming into new century, Chinese securities market comes into a new era, Huatai also start a new canto. Facing new internal and external situation, Huatai has strong creative idea, set "the second establishment of business" goal in time. Huatai will keep enterprising deploitation, enforcing international cooperation, and enhancing core strength and sustainable development capacity, in order to make more contribution to prosperity of securities market and sustainable, healthy development of economy.