Huatai Securities not only focus on development of securities e-commerce in China, but also pay more attention to study of this area. In Jul 2001, Huatai projected and cosponsored CHINA E- SECURITIES SEMINAR with SIITA, President Zhou attended the seminar and made a important speech in which president affirmed the contribution of Huatai Securities in e-securities area. Huatai Securities undertook one of important studies of CSRC ------ establishment and supervision of e-securities company, the dissertation of this study got the first class award of SAC annual appraise of research in 2001.