Haitong (HK) Financial Holdings Ltd., a wholly-owned subsidiary of the company has two wholly-owned subsidiaries, Haitong Asset Management (HK) Co., Ltd. and Haitong Financing (HK) Co., Ltd.

On 29 Jul 2008, the company announced that Haitong Asset Management was approved by the Securities and Futures Commission (SFC) on 3 Jul 2008 to provide consultation on securities, futures contract sand asset administration, following which Haitong Financing was approved by the SFC on 24 Jul 2008 to provide consultation on institutional financing.

Consequently, both subsidiaries have acquired all necessary securities qualification certificates and are eligible to conduct related business.


Source: Shanghai Securities News

Date: 29 Jul 2008

CN01/FL/JL/BT/KM