Panoramic Analysis of China Financial Industry, 2007-2008 • A Panorama of China Financial Industry is divided into three volumes. The first volume, composed of Chapter 1-11, mainly studies banking sector, the second volume, consisting of Chapter 12-29, studies security sector and insurance sector, and the third volume, comprising Chapter 30-52, studies other financial institutions. This report covers all the sub-sectors of China's financial industry, makes an elaboration of the financial industry from the perspective of policies and regulations, competition pattern, development of the industry, key companies, foreign investment trend, future development and investment opportunities, and makes an in-depth analysis of China's financial industry. We hope this report could offer you valuable reference and consulting. • China's financial system is a typical bank-based financial system. Banking industry, especially the five big stateowned commercial banks, holds an absolute dominant position in China's financial system. Before 2005, the ratio between indirect financing and direct financing was constantly kept at about 9:1, but in 2006 the ratio was around 7.7: 2.3. With the progress in the non-tradable shares reform of the state-owned listed companies, China's capital market has had an exponential expansion since 2006, making financial instrument more diversified and financial assets grow rapidly. • China has primarily established a relatively sound financial system with commercial banks, securities firms, insurers and fund companies as the mainstay. Comparison between Total Assets of the Major Four Financial Institutions, 2007 (Unit: CNY trillion) 3% 3% 36% 58% Bank Security Insurance Source: ResearchInChina Fund • In accordance with the classification by China Banking Regulatory Commission, the domestic banking financial institutions include policy banks, state-owned commercial banks, national shareholding commercial banks, urban commercial banks, rural commercial banks, rural cooperative banks, urban credit cooperatives, rural credit cooperatives, postal savings banks, foreign capital banks and the non-banking financial institutions, such as auto financial lease companies. • By the end of 2007, the total assets of the five state-owned banking giants have reached CNY28 trillion, amounting to 53.2% of the total assets of all banking financial institutions and those of national shareholding commercial banks and urban commercial banks have come to CNY7.24 trillion and CNY3.34 trillion respectively. Meanwhile, the combined debts of the five state-owned commercial banks have reached CNY26.4 trillion, amounting to 53.3% of the total held by all commercial banks. Assets of Banking Financial Institutions, Sep., 2007 6% 2% 3% 2% 8% 14% 11% 54% Policy Bank Shareholding Commercial Bank Rural Cooperative Financial Institution State-owned Commercial Bank Urban Commercial Bank/Urban Credit CooperativeForeign Capital Bank Foreign Capital Bank Postal Savings Bank Non-banking Financial Institution Source: China Banking Regulatory Commission Note: Non-banking financial institutions include finance companies of conglomerates, trust & investment companies, financial lease companies, auto financial companies and money brokers. • By the end of 2007, China has had 1,550 domestically listed companies (A.B share), an increase of 116 companies against the previous year and the total market value has reached CNY32.71 trillion, of which CNY9.3 trillion was the market value of circulating shares, representing an increase of 2.66 times and 2.72 times respectively. Meanwhile, the total equities have reached 2.24 trillion shares, an increase by 751.93 billion shares, amounting to one third of total equities. In 2007, the total annual turnover of the two stock markets reached more than CNY46 trillion, up 89.63% year on year or an increase of CNY1.37 trillion. Stock Turnover, Dec.2006-Dec.2007(Unit: CNY100m) 58944.93 54080.03 49122.64 60000 50000 54644.31 46288.15 40000 30000 20000 32016.42 33055.86 25560.35 15329.47 35138.9 29069.92 25179.08 17455.63 10000 0 200612 200701 200702 200703 200704 200705 200706 200707 200708 200709 200710 200711 200712 Source: China Securities Regulatory Commission • By the end of 2007, China's total fund size has reached more than two trillion shares and net value of funds in China totaled CNY3 trillion, an increase of three times over the end of 2006 and fund account holders have surpassed 110 million. Up till now, fund investment has accounted for 28% of the market value of circulating shares in the two stock markets. By March 27, 2008, China has created eight insurance group companies and has had 109 insurance companies, of which 55 are invested by Chinese companies and 54 are either joint venture insurers or exclusively foreign invested insurers. Meanwhile, China has had 2,747 insurance agencies. China has basically established a relatively perfect insurance system with features of more reasonable allocation of resources, fair competition and mutual development Number of Insurance Companies Property Insurers Life Insurers Reinsurance Companies Total Exclusively Foreign-funded Insurers 17 8 4 29 Joint Venture Insurers 1 24 0 25 China-funded Insurance Company 26 27 2 25 Total 44 59 6 109 Source: China Insurance Regulatory Commission • Besides banking, securities and insurance industries, China also has other types of financial institutions, covering equity investment, guaranty, trust, pawn and financial lease industries. In the past few years, these institutions have had a rapid development. The investment of China equity investment industry totaled USD534 million only in 2002 and the figure rose to USD2.18 billion in 2006. China had 966 guarantee institutions in 2003 and the figure had already jumped to 3,366 by the end of 2006. The number of domestic pawn companies also increased to 2,342 in June, 2007 from 1,375 in 2004. Fund Raised by Private Equity Funds in Each Quarter Which Could Be Invested in Mainland China, 2006-2007 (units: USD one million) 12000 17 10000 15 13 8000 6000 8 4000 2000 9 10 5130.27 9669.11 15 7593.58 5789.62 4435 2863 1768 0 Q1'06 Q2'06 Q3'06 Q4'06 Funds Value Q1'07 Funds Quantity Source: ResearchInChina Q2'07 Q3'07 18 16 14 12 10 8 6 4 2 0 • In 2007, China had 628 aggregated trust products, up 11.35% against the previous year, among which, 455 went to the financial field, accounting for 72% of the total, meanwhile, issue size of the trust products reached CNY105.44 billion, up 73.93% against the previous year. CNY167.9 million trust products were issued on average in 2007 and the average trust duration was 2.23 years, up 56.2% and 11.5% year on year respectively against the previous year. The average annual yield in the year was 2.16 percentage points higher than the previous year. Changes of Issue Size and Average Size of Trust Products Issued in 2007 (Unit: CNY Million) 12000 350 10120 10000 8682 8000 5091182 2000 250 235 5680 162 174 4291 4000 300 8980 8112 225 6000 313 9400 200 4998 122 110 4697 124 200 150 3905 108 100 175567 50 0 0 200701 200702 200703 200704 200705 200706 200707 200708 200709 200710 200711 200712 Issue Size Average Issue Size Resource: ResearchInChina Table of Contents • First Volume: Banking Industry • 1. Overview of China Banking Industry, 2007 1.1 China banking industry development 1.1.1 State-owned commercial banks 1.1.2 National shareholding commercial banks 1.1.3 Urban commercial banks 1.1.4 Rural financial market 1.1.4.1 Rural financial system and its development 1.1.4.2 Rural commercial banks 1.1.5 Other banking institutions 1.2 Macro environment and relevant laws & regulations 1.3 foreign capital and China banking industry. • 2. Five state-owned Commercial Banks, 2007 2.3.3 Investment, 2006-2007 2.1 Industrial & Commercial Bank of China (ICBC)( 2.3.4 Main business, 2006-2007 601398) 2.1.1 Profile 2.3.5 Latest market trend and future development 2.4 Bank of communications (601328) 2.1.2 Operation and revenue, 2004-2007 2.1.3 Investment, 2006-2007 2.1.4 Main business, 2006-2007 2.4.1 Profile 2.4.2 Operation and revenue, 2004-2007 2.1.5 Latest market trend and future development 2.4.3 Investment, 2006-2007 2.2 China Construction Bank (601939) 2.4.4 Main business, 2006-2007 2.2.1 Profile 2.4.5 Latest market trend and future development 2.2.2 Operation and revenue, 2004-2007 2.5 Agricultural Bank of China 2.2.3 Investment, 2006-2007 2.2.4 Main business, 2006-2007 2.5.1 Profile 2.5.2 Operation and revenue, 2004-2007 2.2.5 Latest market trend and future development 2.3 Bank of China (601988) 2.3.1 Profile 2.3.2 Operation and business revenue, 2004-2007 2.5.3 Investment, 2006-2007 2.5.4 Main business, 2006-2007 2.5.5 Latest market trend and future development • 3.National Shareholding Commercial Banks 3.4 Merchants Bank (600036) 3.1 Shanghai Pudong Development Bank (600000) 3.4.1 Profile 3.1.1 Profile 3.4.2 Operation and revenue, 2004-2007 3.1.2 Operation and revenue, 2004-2007 3.4.3 Investment, 2006-2007 3.1.3 Investment, 2006-2007 3.4.4 Main business, 2006-2007 3.1.4 Main business, 2006-2007 3.4.5 Latest market trend and future development 3.1.5 Latest market trend and future development 3.5 Industrial Bank (601166) 3.2 Hua Xia Bank (600015) 3.5.1 Profile 3.2.1 Profile 3.2.2 Operation and revenue, 2004-2007 3.2.3 Investment, 2006-2007 3.2.4 Main business, 2006-2007 3.2.5 Latest market trend and future development 3.3 Minsheng Bank (600016) 3.3.1 Profile 3.3.2 Operation and revenue, 2004-2007 3.5.2 Operation and business revenue, 2004-2007 3.5.3 Investment, 2006-2007 3.5.4 Main business, 2006-2007 3.5.5 Latest market trend and future development 3.6 Everbright Bank 3.6.1 Profile 3.6.2 Operation and revenue, 2004-2007 3.3.3 Investment, 2006-2007 3.6.3 Investment, 2006-2007 3.3.4 Main business, 2006-2007 3.6.4 Main business, 2006-2007 3.3.5 Latest market trend and future development 3.6.5 Latest market trend and future development 3.7 Guangdong Development Bank 3.10 Shengzhen Development Bank (000001) 3.7.1 Profile 3.10.1 Profile 3.7.2 Operation and revenue, 2004-2007 3.10.2 Operation and revenue, 2004-2007 3.7.3 Investment, 2006-2007 3.10.3 Investment, 2006-2007 3.7.4 Main business, 2006-2007 3.10.4 Main business, 2006-2007 3.7.5 Latest market trend and future development 3.10.5 Latest market trend and future development 3.8 Evergrowing Bank 3.11 China Zheshang Bank 3.8.1 Profile 3.11.1 Profile 3.8.2 Operation and revenue, 2004-2007 3.11.2 Operation and business revenue, 2004-2007 3.8.3 Investment, 2006-2007 3.11.3 Investment, 2006-2007 3.8.4 Main business, 2006-2007 3.11.4 Main business, 2006-2007 3.8.5 Latest market trend and future development 3.11.5 Latest market trend and future development 3.9 China Citic Bank(601998) 3.12 China Bohai Bank 3.9.1 Profile 3.12.1 Profile 3.9.2 Operation and revenue, 2004-2007 3.12.2 Operation and revenue, 2004-2007 3.9.3 Investment, 2006-2007 3.12.3 Investment, 2006-2007 3.9.4 Main business, 2006-2007 3.12.4 Main business, 2006-2007 3.9.5 Latest market trend and future development 3.12.5 Latest market trend and future development • 4.Comprehensive Competitiveness of City 4.4 Shijiazhuang City Commercial Bank Commercial Banks in Northeast Economic Zone 4.4.1 Overview 4.1 Dalian City Commercial Bank 4.4.2 Core competitiveness 4.1.1 Overview 4.5 Yingkou City Commercial Bank 4.1.2 Main financial targets, 2006 4.5.1Overview 4.1.3 Future development trend 4.5.2 Main financial targets, 2006 4.2 Harbin City Commercial Bank 4.5.3 Core competitiveness 4.2.1 Overview 4.2.2 Main financial targets, 2006 4.6 Daqing City Commercial Bank 4.2.3 Core competitiveness 4.6.1 Overview 4.3 Anshan City Commercial Bank 4.6.2 Main financial targets, 2006 • 5. Comprehensive Competitiveness of City comme 5.5.3 Core competitiveness rcial Banks in West Economic Zone 5.6 Baotou City Commercial Bank 5.1 Xi'an City Commercial Bank 5.6.1 Overview 5.1.1 Overview 5.6.2 Main financial targets 5.1.2 Main financial targets, 2006 5.1.3 Core competitiveness 5.2 Nanchong City Commercial Bank 5.2.1 Overview 5.2.2 Main financial targets, 2006 5.2.3 Core competitiveness 5.3 Guiyang City Commercial Bank 5.3.1 Overview 5.7 Chengdu City Commercial Bank 5.7.1 Overview 5.7.2 Core competitiveness 5.8 Chongqing City Commercial Bank 5.8.1 Overview 5.8.2 Main financial targets, 2006 5.8.3 Development 5.3.2 Main financial targets, 2006 5.9 Lanzhou City Commercial Bank 5.4 Urumchi City Commercial Bank 5.9.1 Overview 5.4.1 Overview 5.9.2 Core competitiveness 5.4.2 Core competitiveness 5.10 Yichang City Commercial Bank 5.5 Yinchuan City Commercial Bank 5.11 Kunming City Commercial Bank 5.5.1 Overview 5.11.1 Overview 5.5.2 Main financial targets, 2006 5.11.2 Main financial targets, 2006 • 6. Comprehensive Competitiveness of City Comm ercial Banks in Bohai Sea Rim Economic Zone 6.5 Zibo City Commercial Bank 6.5.1 Overview 6.1 Tianjin City Commercial Bank 6.1.1 Overview 6.5.1 Main financial targets, 2006 6.1.2 Main financial targets 6.5.2 Core competitiveness 6.1.3 Core competitiveness 6.6 Langfang City Commercial Bank 6.2 Beijing City Commercial Bank 6.6.1 Overview 6.2.1 Overview 6.6.2 Core competitiveness 6.2.2 Main financial targets, 3Q2007 6.2.3 Core competitiveness 6.7 Yantai City Commercial Bank 6.3 Jinan City Commercial Bank 6.7.1 Overview 6.3.1 Overview 6.7.2 Main financial targets 6.3.2 Main financial targets, 2006 6.7.3 Core competitiveness 6.3.3 Core competitiveness 6.8 Linyi City Commercial Bank 6.4 Rizhao City Commercial Bank 6.4.1 Overview 6.8.1 Overview 6.8.2 Main financial targets, 2006 6.4.2 Main financial targets, 2006 6.4.3 Core competitiveness 6.8.3 Core competitiveness • 7. Comprehensive Competitiveness of City 7.5 Nanyang City Commercial Bank 7.5.1 Overview Commercial Banks in Central Economic Zone 7.1 Changsha City Commercial Bank 7.5.2 Strategies 7.6 Dezhou City Commercial Bank 7.1.1 Overview 7.6.1 Overview 7.1.2 Main financial targets, 2006 7.6.2 Main financial targets, 2006 7.1.3 Core competitiveness 7.6.3 Development 7.2 Jiaozuo City Commercial Bank 7.2.1 Overview 7.2.2 Main financial targets, 2006 7.7 Dongying City Commercial Bank 7.7.1 Overview 7.7.2 Main financial targets, 2006 7.7.3 Development plan, 2007 7.2.3 Development 7.8 Laiwu City Commercial Bank 7.3 Qingdao City Commercial Bank 7.8.1 Overview 7.3.1 Overview 7.8.2 Main financial targets, 2006 7.3.2 Main financial targets, 2006 7.3.3 Boosting development of mid- and small- 7.8.3 Core competitiveness 7.9 Weihai City Commercial Bank 7.9.1 Overview sized companies 7.4 Zhuzhou City Commercial Bank 7.9.2 Main financial targets, 2006 7.9.3 Core competitiveness • 8.Comprehensive Competitiveness of City Comme rcial Banks in Pan- 8.4 Quanzhou City Commercial Bank 8.4.1 Overview Pearl River Delta Economic Zone 8.1 Shenzhen City Commercial Bank 8.4.2 Main financial targets, 2006 8.1.1 Overview 8.4.3 Core competitiveness 8.1.2 Main financial targets, 2006 8.5 Lizhou City Commercial Bank 8.1.3 Core competitiveness 8.5.1 Overview 8.2 Dongguan City Commercial Bank 8.5.2 Main financial targets, 2006 8.2.1 Overview 8.2.2 Main financial targets, 2006 8.5.3 Development plan, 2007 8.3 Fuzhou City Commercial Bank 8.6 Zhanjiang City Commercial Bank 8.3.1 Overview 8.6.1Overview 8.3.2 Main financial targets, 2006 8.3.3 Core competitiveness 8.6.2 Main financial targets, 2006 • 9. Comprehensive Competitiveness of City Commercial 9.5 Ningbo City Commercial Bank Banks in Yangtze River Delta Economic Zone 9.5.1Overview 9.1 Shanghai City Commercial Bank 9.5.2 Main financial targets, 2006 9.1.1 Overview 9.5.3 Core competitiveness 9.1.2 Main financial targets, 2006 9.6 Comprehensive competitiveness of city 9.1.3 Main financial targets, 1H2007 commercial banks in Wenzhou, Zhejiang province 9.1.4 Core competitiveness 9.6.1 Overview 9.2 Hangzhou City Commercial Bank 9.6.2 Main financial targets, 2006 9.2.1 Overview 9.2.2 Main financial targets, 2006 9.2.3 Core competitiveness 9.3 Nanjing City Commercial Bank 9.3.1 Overview 9.3.2 Main financial targets, 2006 9.6.3 Core competitiveness 9.7 Jiaxing City Commercial Bank 9.7.1 Overview 9.7.2 Main financial targets, 2006 9.7.3 Core competitiveness 9.8. Nanchang City Commercial Bank 9.8.1 Overview 9.3.3 Core competitiveness 9.8.2 Main financial targets, 2006 9.4 Shaoxing City Commercial Bank 9.8.3 Development 9.4.1 Overview 9.9 Huzhou City Commercial Bank 9.4.2 Main financial targets, 2006 9.9.1 Overview 9.4.3 Core competitiveness 9.9.2 Main financial targets, 2006 • 10. Main Rural Commercial Banks 10.1 Zhangjiagang Rural Commercial Bank 10.2 Jiangyin Rural Commercial Bank 10.3 Changshu Rural Commercial Bank 10.4 Shanghai Rural Commercial Bank 10.5 Beijing Rural Commercial Bank 10.6 Shenzhen Rural Commercial Bank 10.7 Wujiang Rural Commercial Bank 10.8 Taicang Rural Commercial Bank 10.9 Wujin Rural Commercial Bank 10.10 Xizhou Rural Commercial Bank 10.11 Kunshan Rural Commercial Bank 10.12 Dongwu Rural Commercial Bank 10.13 Wuhu Yangzi Rural Commercial Bank 10.14 Hefei technical Rural Commercial Bank • 11. Forecast of China Banking Industry Development After 2007 11.1 Development trend 11.2 Investment opportunities • • Second Volume: Security Industry and Insurance 13. 2 Security underwriting service Industry 13.2.1 Public offering service 12. Overview of China security industry 13.2.2 Additional shares insurance service 12.1 Industry policies 13.2.3 Development trend of security underwriting 12.1.1 Market policies service 12.1.2 Supervision system 13. 3 Self-investment service 12.2 China security industry development 13. 4 Instable income from revenue structure of 12.2.1 Stock market traditional businesses 12.2.2 Bond market 12.2.3 Futures market 12.2.4 Fund market 12.3 foreign capital and security industry • • 14. Competition of Innovative Business in China S ecurity Industry 14.1 Aggregated Assets Management Plan 13. Competition of Traditional Businesses in China Security Market 13.1 Broking service Service 14.2 Creation of warrant service 13.1.1 Competition 14.3 Direct investment service 13.1.2 Development trend 14.4 Stock index future transaction • 15. Main Security Firms 15.6 Changjiang Securities Co., Ltd 15.1 China Galaxy Securities Co., Ltd 15.6.1 Profile 15.1.1 Company Profile 15.6.2 Competition 15.1.2 Competition 15.6.3 Development Strategy 15.1.3 Development Strategy 15.6.4 Latest Trends 15.1.4 Latest Trends 15.7 Guotai Junan Securities Co. Ltd 15.2 CITIC Securities Co., Ltd 15.7.1 Profile 15.2.1 Profile 15.7.2 Competition 15.2.2 Competition 15.7.3 Development Strategy 15.3 Hongyuan Security Co., Ltd 15.7.4 Latest Trends 15.3.1 Profile 15.8Shenyin & Wanguo Securities Co., Ltd 15.3.2 Competition 15.8.1 Profile 15.4 Northeast Securities Co. ,Ltd 15.8.2 Competition 15.4.1 Profile 15.8.3 Development Strategy 15.4.2 Competition 15.8.4 Latest Trends 15.5Guoyuan Securities Co., Ltd 15.9 GF Securities Co., Ltd 15.5.1 Profile 15.9.1 Profile 15.5.2 Competition 15.9.2 Competition 15.5.3 Development Strategy 15.9.3 Development Strategy 15.5.4 Latest Trends 15.9.4 Latest Trends 15.10 Guosen Securities Co., Ltd 15.15 Oriental Securities Co., Ltd 15.10.1 Profile 15.15.1 Profile 15.10.2 Competition 15.15.2 Competition 15.10.3 Development Strategy 15.15.3 Development Strategy 15.10.4 Latest Trends 15.15.4 Latest Trends 15.11 Merchant Securities Co., Ltd 15.16 Industrial Securities Co., Ltd 15.11.1 Profile 15.16.1 Profile 15.11.2 Competition 15.16.2 Competition 15.11.3 Development Strategy 15.16.3 Development Strategy 15.11.4 Latest Trends 15.12 CITICS 15.12.1 Profile 15.12.2 Competition 15.13 China Jianyin Investment Securities Co., Ltd 15.13.1 Profile 15.13.2 Competition 15.13.3 Development Strategy 15.13.4 Latest Trend 15.14 Everbright Securities Co., Ltd 15.14.1 Profile 15.14.2 Competition 15.16.4 Latest Trends 15.17 BOC International (China) Limited 15.17.1 Profile 15.17.2 Competition 15.18 Huaxi Securities Co., Ltd 15.18.1 Profile 15.18.2 Competition 15.18.3 Latest Trends 15.19 PingAn Securities Co., Ltd 15.19.1 Profile 15.19.2 Competition 15.14.3 Development Strategy 15.19.3 Development Strategy 15.14.4 Latest Trends 15.19.4 Latest Trends • 16. Investment of Foreign Securities Firms in China 16.5 Citigroup 16.1 Merrill Lynch 16.5.1 Investment 16.1.1 Investment of Merrill Lynch in China 16.5.2 Core Competitiveness 16.1.2 Core Competitiveness of Merrill Lynch in China 16.6 Morgan Stanley 16.2 UBSWarburg 16.2.1 Investment 16.2.2 Core Competitiveness 16.3 Nomura Securities 16.6.1 Investment 16.6.2 Core Competitiveness 16.7 Hang Seng Bank 16.7.1 Investment 16.3.1 Investment 16.7.2 Core Competitiveness 16.3.2 Core Competitiveness 16.4 Lyons Securities 16.4.1 Investment 16.4.2 Core Competitiveness 16.8 Samsung Securities 16.8.1 Investment 16.8.2 Core Competitiveness • 17. Merging and Restructuring Cases in China's 17.4 CITIC Securities Purchased Goldstone Securities Securities Industry 17.4.1 Background 17.1 China Cinda Purchased Hantang Securities 17.4.2 Process 17.1.1 Background 17.1.2 Process 17.4.3 Blue Print 17.1.3 Blue Print 17.5 GF Securities Purchased First Securities 17.2 China Cinda purchased Liaoning Securities 17.5.1 Background 17.2.1 Background 17.5.2 Process 17.2.2 Process 17.2.3 Blue Print 17.5.3 Blue Print 17.3 China Jianyin Investment Securities 17.6 UBS Purchased Beijing Securities Purchased Hongyuan Securities 17.6.1 Background 17.3.1 Background 17.3.2 Process 17.3.3 Blue Print 17.6.2 Process 17.6.3 Blue Print • 18.Big Events in Fund Industry, 2007 20.4.6 Deutsche Bank 18.1 First case of fund merger 20.4.7 Goldman Sachs 18.2 Three cases of scrambling for equity of fund companies • 20.4.8 Citigroup Global Markets Limited 19.QFII 19.1 Development status 20.4.9 UBS AG • 21.Private Equity Securities Investment Fund 19.2 Competition for broker agent qualification 21.1 Definition triggered by new policy of QFII 21.2 Development of private equity fund 19.3 Fund performance 21.2.1 Legitimate status becomes increasingly definite 19.4 Investment strategy 21.3 Status quo • 20. Key QFII Funds 21.4 Performance 20.4.1 A share fund of Morgan Stanley China 20.4.2 Futong Yangtze fund 20.4.3 A share fund of Hang Seng Bank China 20.4.4 A50 fund of iShare FTSE Xinhua Index Limited 204.5 Nikko Asset Management Co., Ltd • 22.Social Security Fund 22.1 Development in 2007 22.2 Overseas investment of National Social Securities Fund 22.3 Investment status of National Social Securities Fund • • 23. QDII 24.5 Bosera Asset Management Co., Ltd 23.1 Status quo 24.5.1 Company profile 23.2 Brokerage QDII products 24.5.2 Company performance 23.3 Banking QDII products 24.5.3 Development 23.4 Insurance QDII products 24.6 GF Fund Management Co., Ltd 23.5 Overseas QDII funds 24.6.1 Company Profile 24.Key Domestic Fund Companies 24.6.2 Company performance 24.1 China Southern Fund Management Co., Ltd 24.7 Harvest Management Co., Ltd 24.1.1 Company profile 24.7.1 Company Profile 24.1.2 Company performance 24.7.2 Company performance 24.2 E Fund Management Co., Ltd 24.7.3 Talents Strategy 24.2.1 Company profile 24.8 Yinhua Fund Management Co., Ltd 24.2.2 Company performance 24.8.1 Company Profile 24.3 China AMC 24.8.2 Company performance 24.3.1 Company profile 24.9 Da Cheng Fund Management Co., Ltd 24.3.2 Company performance 24.9.1 Company Profile 24.3.3 Development 24.9.2 Company performance 24.4 Hua An Fund Management Co., Ltd 24.10 Guotai Fund Management Co., Ltd 24.4.1 Company profile 24.10.1 Company Profile 24.4.2 Company performance 24.10.2 Company performance 24.16.1 Company Profile 24.11 Invesco Great Wall Fund Management Co., Ltd 24.16.2 Company performance 24.11.1 Company Profile 24.17 Lion Fund Management Co., Ltd 24.11.2 Company performance 24.17.1 Company Profile 24.12 Rongtong Fund Management Co., Ltd 24.17.2 Company performance 24.12.1 Company Profile 24.18 GreatwallFund Management Co., Ltd 24.12.2 Company performance 24.18.1 Company Profile 24.13 Fortune SGAM Fund Management Co., Ltd 24.18.2 Company performance 24.13.1 Company Profile 24.19 China International Fund Management Co., Ltd 24.13.2 Company performance 24.19.1 Company Profile 24.14 Penghua Fund Management Co., Ltd 24.19.2 Company Performance 24.14.1 Company Profile 24.20 Fullgoal Fund Management Co., Ltd 24.14.2 Company performance 24.20.1 Company Profile 24.15 China Post & Capital Fund Management Co., Ltd 24.20.2 Company performance 24.15.1 Company Profile • 25. Prospect for Development of China Security Industry 24.15.2 Company performance 25.1 Development Trend 24.16 China Universal Asset Fund Management Co., Ltd 25.2 Investment Opportunities • • 26.Overview of China Insurance Industry 27.5 Winterthur Insurance (Asia) Ltd 26.1 Status Quo 27.6 Lloyd's of China Reinsurance Company 26.1.1 Scale and Entity 27.7 Liberty Mutual Insurance Company 26.1.2 Operation 27.8 American International Assurance Company, 26.1.3 Segment markets Limited 26.1.4 Status quo of insurance products 27.9 AIG General Insurance Company China, Ltd 26.1.5 Policies and industrial environment 27.10 Munich Re Group 26.1.6 Capital utilization in insurance industry 27.11 Chubb Group Of Insurance Companies 26.1.7 Foreign Capital and Insurance Industry 27.12 Sompo Japan Insurance Company 27. Foreign Insurance Companies 27.13 Tokio Marine & Nichido Fire Insurance Co., Ltd 27.1 Aioi Insurance Co., Ltd 27.14 Mitsui Sumitomo Insurance Co., Ltd 27.2 Allianz Insurance Company Guangzhou Branch 27.15 Samsung Fire & Marine Insurance Co., Ltd 27.3 Germany Cologne Reinsurance Company 27.16 Zurich Insurance Company Beijing Branch Shanghai Branch 27.17 Royal and Sun Alliance Insurance (PLC) 27.4 Groupama S.A. Chengdu Branch Company 28. Competitiveness of China Major Insurance Companies 28.4.1 Operation 28.1 PICC Property and Casualty Insurance Co. 28.4.2 Market competitiveness 28.1.1 Operation 28.4.3 Development strategy 28.1.2 Market competitiveness 28.5 New China Insurance Co., Ltd. 28.1.3 Development strategy 28.5.1 Operation 28.2 PICC Life Insurance Co. 28.5.2 Market competitiveness 28.2.1 Operation 28.5.3 Development strategy 28.2.2 Market competitiveness 28.6 Taikang Life Insurance Company Ltd. 28.2.3 Development strategy 28.6.1 Operation 28.3 Ping An Insurance (Group) Company 28.6.2 Market competitiveness 28.3.1 Operation 28.6.3 Development strategy 28.3.2 Market competitiveness • 29.Development Trend and Proposals of Insurance Industry 28.3.3 Development strategy 29.1 Development trend 28.4 China Pacific Insurance (Group) Co. 29.2 Investment opportunities • Third Volume: Other Financial Forms • 30. Brief Introduction of China Equity Investment 30.1 Definition and classification 30.2 Policy environment 30.3 Operation of China equity investment in 2007 30.3.1 Overview of China equity investment in 2007 30.3.1.1 Distribution of China equity investment industry in 2007 30.3.1.2 Strategies of investment in 2007 30.3.1.3 Withdrawal situation 30.3.1.4 Fundraising in 2007 30.3.1.5 Statistics of IPOs by Chinese companies backed by equity investment firms, 2007 30.3.1.6 Ranking list of China venture capital firms, 2007 30.3.1.7 Ranking list of China private equity funds, 2007 30.3.2 Major events of China venture capital, 2007 30.3.3 Ten typical cases of China equity investment, 2007 • 31. Comparison between Domestic Capital & Foreign Capital of China Equity Investment • 32. Analysis of Key Companies' Operation in China, 2007 32.19 EPLANET VENTURES 32.1 Carlyle Group 32.20 Blue Ridge Capital 32.2 IDG 32.21 Qiming Venture 32.3 CDH Investments 32.4 SAIF Partners 32.22 Capital Today 32.5 Legend Capital Ltd 32.23 Shenzhen Capital Group Co., Ltd. 32.6 Sequoia Capital China 32.24 AsiaVest Partners, TCW/YFY Ltd. 32.7 Merrill Lynch 32.25 WI Harper Group 32.8 Warburg Pincus 32.9 GRANITE GLOBAL VENTURES(GGV) • 32.10 DFJ ePlanet Ventures 33. Trend and Prospect of China Equity Investment, 2008 33.1 Launch of the second board and its influence 32.11 Goldman Sachs (Asia) Ltd. 33.2 Changing trend of withdrawal forms 32.12 SIG 33.3 Monetary policy and its influence 32.13 JAFCO 33.4 Changing trend of regional investment 32.14 Intel Capital 32.15 Chengwei Ventures • 34. Introduction of Guarantee Industry 32.16 TEMASEK 32.17 Morgan Stanley 32.18 Deutsche Bank 34.1 Definition and classification 34.2 Overview of China's guarantee industry development • 35. Status Quo of China Guarantee Industry Development, 2007 35.1 Quantity of China guarantee agencies 35.2 Investment structure 35.3 Corporate governance structure 35.4 Analysis of capital raised by guarantee agencies 35.4.1 Situation of capital raised by guarantee agencies 35.4.2 Sources of capital raised by guarantee agencies 35.5 Business volume 35.6 Operating revenue 35.6.1 Analysis of operating revenue 35.6.2 Analysis of operating revenue structure • 36. Effects of Monetary Policy on Guarantee Industry, 2007-2008 36.1 China monetary policy, 2007-2008 36.2 Effects of interest rate changes on guarantee fee 36.2.1 Negative impact of interest rate changes on guarantee fee 36.2.1 Positive impact of interest rate changes on guarantee fee • 37. Operation of China's Key Guarantee Agencies, 2007 37.1 China National Investment & Guaranty Co., Ltd. 37.2 Credit Orienwise Group Ltd. 37.2.1 Company profile 37.2.2 Introduction of strategic investors 37.3 China Investment & Credit Guaranty Co., Ltd. 37.4 Beijing Shouchuang Investment & Guarantee Co., Ltd. 37.4.1 Company profile 37.4.2 Operation 37.5 Beijing Zhongguancun Sci-tech Guaranty Co., Ltd. 37.5.1 Company profile 37.5.2 Operation 37.6 Shenzhen Huarong Investment & Guarantee Co., Ltd. 37.6.1 Company profile 37.6.2 Main business 37.7 Shenzhen Small & Medium Enterprises Credit Guarantee Center Co., Ltd. 37.8 Guangdong Yinda Guarantee Investment Group Co., Ltd. 37.9 GuangDong Join-Share Guarantee Investment Co., Ltd. • 38. Prospect of China Guarantee Industry Development, 2008 • 39. Profile of China Trust Industry, 2007 39.1 Functions and features of trust 39.2 Overview of trust industry 39.2.1 Launch of trust products 39.2.2 Yield of trust products 39.2.3 Typical trust products 39.2.3.1 Ranking list of trust products, Nov. 2007 • 40. Investment Direction and Application Forms of China Trust Funds 40.1 Investment direction of trust funds 40.1.1 Finance 40.1.2 Real estate 40.1.3 Infrastructure 40.1.4 Mineral industry 40.2 Application forms of trust funds 40.2.1 Loans 40.2.2 Investment in securities 40.2.3 Investment in equity 40.2.4 Investment in interest • 41.Competitiveness of Companies with Financial L 41.5 National Trust Co., Ltd. icense 41.5.1 Company Profile 41.1 Huaxin Trust Co., Ltd. 41.5.2 Operation 41.1.1 Company Profile 41.5.3 Financial analysis 41.1.2 Operation 41.6 SDIC Trust Co., Ltd. 41.1.3 Financial analysis 41.6.1Company Profile 41.1.4 Important events 41.6.2 Operation 41.2 Guolian Trust Co., Ltd. 41.6.3 Financial analysis 41.2.1 Company Profile 41.7 Hangzhou Industrial & Commercial Trust Co., Ltd. 41.2.2 Operation 41.7.1 Company Profile 41.2.3 Financial analysis 41.7.2 Operation 41.3 Dongguan Trust & Investment Co., Ltd. 41.7.3 Financial analysis 41.3.1 Company Profile 41.8 Hefei Xingtai Trust Co., Ltd. 41.3.2 Operation 41.8.1 Company Profile 41.3.3 Financial analysis 41.8.2 Operation 41.4 GFIH Co., Ltd. 41.8.3 Financial analysis 41.4.1Company Profile 41.9 Hengping Trust Co., Ltd. 41.4.2 Operation 41.9.1 Company Profile 41.4.3 Financial analysis 41.9.2 Operation 41.10 Huachen Trus Trust Co., Ltd. 41.15 Suzhou Trust Co., Ltd. 41.10.1 Company Profile 41.15.1 Company Profile 41.10.2 Operation 41.15.2 Operation 41.10.3 Financial analysis 41.15.3 Financial analysis 41.11 Jiangsu International Trust & Investment Co., Ltd. 41.16 Xiamen International Trust Co., Ltd. 41.11.1 Company Profile 41.16.1 Company Profile 41.11.2 Operation 41.16.2 Operation 41.11.3 Financial analysis 41.16.3 Financial analysis 41.12 Shangdong International Trust Co., Ltd. 41.17 New China Trust Co., Ltd. 41.12.1 Company Profile 41.17.1 Company Profile 41.12.2 Operation 41.17.2 Operation 41.12.3 Financial analysis 41.17.3 Financial analysis 41.13 Shanghai International Trust Co., Ltd. 41.18 Jinan Yingda International Trust Co., Ltd. 41.13.1 Company Profile 41.18.1 Company Profile 41.13.2 Operation 41.18.2 Operation 41.13.3 Financial analysis 41.18.3 Financial analysis 41.14 Shanxi Trust Co., Ltd. 41.19 Yunnan International Trust Co., ltd. 41.14.1 Company Profile 41.19.1 Company Profile 41.14.2 Operation 41.19.2 Operation 41.14.3 Financial analysis 41.19.3 Financial analysis 41.20 China Credit Trust Co., ltd. 41.24.2 Operation 41.20.1 Company Profile 41.24.3 Financial analysis 41.20.2 Operation 41.25 CITIC Trust Co., Ltd. 41.20.3 Financial analysis 41.25.1 Company Profile 41.21 China Pingan Trust Co., Ltd. 41.21.1 Comapny Profile 41.21.2 Operation 41.21.3 Financial analysis 41.22 China Foreign Economy and Trade Trust & 41.25.2 Operation 41.25.3 Financial analysis 41.26 Anxin Trust & Investment Co., Ltd. 41.26.1 Company Profile 41.26.2 Operation Investment Co., Ltd. 41.22.1 Company Profile 41.22.2 Operation 41.22.3 Financial analysis 41.23 Zhonghai Trust Co., Ltd. 41.26.3 Financial analysis 41.27 Shanxi International Trust & Investment Co., Ltd. 41.27.1 Company Profile 41.22.1 Company Profile 41.27.2 Operation 41.22.2 Operation 41.27.3 Financial analysis 41.22.3 Financial analysis 41.28 Fortune Trust Co., Ltd. 41.24 Zhongrong International Trust & Investment 41.28.1 Company Profile Co., Ltd. 41.28.2 Operation 41.24.1 Company Profile 41.28.3 Financial analysis 42. Competitiveness of Companies without Financial Licenses 42.1 Bridge Trust Co., Ltd. 42.1.1 Company Profile 42.1.2 Operation 42.5 Anhui Guoyuan Trust and Investment Co., ltd. 42.5.1 Company Profile 42.5.2 Operation 42.5.3 Financial analysis 42.6 Northern International Trust & Investment Co., Ltd. 42.1.3 Financial analysis 42.6.1 Company Profile 42.2 Zhongyuan Trust Co., Ltd. 42.6.2 Operation 42.2.1 Company Profile 42.6.3 Financial analysis 42.2.2 Operation 42.7 Beijing International Trust and Investment Co., Ltd. 42.2.3 Financial analysis 42.7.1 Company Profile 42.3 Union Trust Co., Ltd. 42.7.2 Operation 42.3.1 Company Profile 42.3.2 Operation 42.7.3 Financial analysis 42.8 Gansu Trust Co., Ltd. 42.8.1 Company Profile 42.3.3 Financial analysis 42.4 Hunan Trust & Investment Co., Ltd. 42.8.2 Operation 42.8.3 Financial analysis 42.4.1 Company Profile 42.9 Jilin Province Trust & Investment Co., ltd. 42.4.2 Operation 42.9.1 Company Profile 42.4.3 Financial analysis 42.9.2 Operation 42.9.3 Financial analysis 42.10 Jiangxi International Trust Co., Ltd. 42.14.1 Company Profile 42.10.1 Company Profile 42.14.2 Operation 42.10.2 Operation 42.14.3 Financial analysis 42.10.3 Financial analysis 42.11 Goldern Harbour Trust Co., Ltd. 42.11.1 Company Profile 42.11.2 Operation 42.15 Western Trust & Investment Co., Ltd. 42.15.1 Company Profile 42.15.2 Operation 42.15.3 Financial analysis 42.11.3 Financial analysis 42.12 Shenzhen International Trust & Investment 42.16 The Trust Investment Corporation of Tiber Co., Ltd. Autonomous Region 42.12.1 Company Profile 42.16.1 Company Profile 42.12.2 Operation 42.16.2 Operation 42.12.3 Financial analysis 42.13 Tianjin Trust and Investment Co., Ltd. 42.16.3 Financial analysis 42.13.1 Company Profile 42.17 Xinjiang International Trust & Investment Co., Ltd 42.13.2 Operation 42.17.1 Company Profile 42.13.3 Financial analysis 42.17.2 Operation 42.14 Xi'an International Trust and Investment Co., Ltd 42.17.3 Financial analysis 42.18 Chongqing International Trust and • Investment Co., Ltd. 44. Overview of China's Pawn Industry Developme nt in 2007 42.18.1 Company Profile 44.1 Pawn classification and main business 42.18.2 Operation 44.2 Overview of China pawn industry in 2007 42.18.3 Financial analysis 42.19 Zhongtai Trust Co., Ltd. 42.19.1 Company Profile 42.19.2 Operation • 45. Analysis of Pawn Business in China Pawn Industry 42.19.3 Financial analysis 42.20 New Times Trust & Investment Co., Ltd. 42.20.1 Company Profile 42.20.2 Operation 45.1 Pawn of civilian goods 45.2 Pawn of house property 45.3 Pawn of motor vehicles 42.20.3 Financial analysis 45.4 Rights pledge • 43. Development Trend and Opportunities of Trust Industry 45.5 Risks in pawn industry • 46. Regional Competitive Structure in Pawn Industry 46.5 Development of pawn industry in Hohhot 46.1 Development of pawn industry in Beijing 46.5.1 Pawn business 46.1.1 Operation 46.2 Development of pawn industry in Shanghai 46.5.2 Operation 46.5.3 Main problems 46.6 Development of pawn industry in Urumqi 46.2.1 Operation 46.6.1 The number of pawnshops increases rapidly 46.2.2 Main problems 46.6.2 Volume of pawn business increases 46.3 Development of pawn industry in Zhejiang 46.7 Development of pawn industry in Sichuan 46.3.1Operation 46.7.1 Small operation scale 46.3.2 Features of pawn 46.7.2 Rapid development 46.4 Development of pawn industry in Wuhan 46.7.3 Main problems 46.4.1 Analysis of pawn business 46.8 Development of pawn industry in Jilin 46.4.2 Financial analysis of pawn industry in Wuhan 46.8.1 Operation 46.4.3 Analysis of practitioners 46.8.2 Main problems • 47. Operation of Key Pawn Companies in China 47.4 Ningbo Dahongying Industry & Investment Co., Ltd 47.1 Beijing Huaxia Pawnshop Co., Ltd. 47.4.1 Company profile 47.1.1Company profile 47.4.2 Operation 47.1.2 Primary business 47.2 Bao Rui Tong Pawn Shop 47.5 Jiangsu Jinteng Pawn Co., Ltd. 47.2.1Company profile 47.6 Beijing Ruiyuan Pawn Co., Ltd, 47.2.2 Primary business 47.7 Shenyang Xinke Pawn Co., Ltd. 47.2.3 Operation 47.8 Shenyang Jintong Pawn Co., Ltd. 47.3 Oriental Pawn Co., Ltd. 47.9 Anhui Huasheng Pawn Co., Ltd. 47.3.1 Company profile 47.10 Wuhan Huatai Pawn Co., Ltd. 47.3.2 Scope of business 47.3.3 Operation • 48. Development Trend of China Pawn Industry • 49. Policy and Economic Environment of Financial Leasing Industry 49.1 Analysis of industrial policy environment 49.1.1 Prescription of Problems on Supreme People's Court Cognizance Financing Leasing Contract Dispute 49.1.2 Measures for the Administration of Finance Leasing Companies 49.1.3 Measures for Approval of Foreign Investment and Leasing Companies 49.1.4 Notice of the Ministry of Commerce and the State Administration of Taxation on Relevant Issues concerning Sales Tax 49.1.5 Administrative Measures for Construction Machinery Lease Industry 49.1.6 Notice of the Ministry of Commerce and the State Administration of Taxation on Relevant Issues concerning Undertaking Financing Lease Business 49.1.7 Financial Leasing Law • 50. Overall Operation of Financial Leasing • 51. Key Companies 51.1 China Leasing Co., Ltd Industry, 2006 51.2 Jiangsu Financial Leasing Co., Ltd 51.3 Shenzhen Financial Leasing Co., Ltd 50.1 Overview of financial leasing industry 51.4 Zhejiang Leasing Co., Ltd 50.1.1 Medical Equipment Leasing 51.5 International Far Eastern Leasing Co., Ltd 50.1.2 Engineering Machinery Leasing 51.6 Deutsche Leasing (China) Co., Ltd 50.1.3 Printing Equipment Leasing 51.7 Beijing Zoomlion XinXing Construction 50.1.4 Aviation Leasing Machinery Leasing Co., Ltd 50.1.5 Real Estate Financial Leasing 50.1.6 Automobile Financial Leasing • 52.Future Development of Industry 52.1 Market Prospect 52.2 Current Bottleneck Restricting Financial 50.2 Innovating Products Leasing Development 50.3 Trust Plan 50.4 Blanket Financial Leasing Plan 52.3 Risk and Countermeasures for Financial Leasing Companies Selected Charts • Total Assets Contrast of the four financial Institutions, 2007 Assets of Banking Financial Institutions, Sep.2007 Main Target of Banking Financial Institutions in the end of Quarter, 2007 Main Target of State-owned Commercial Bank in the end of Quarter, 2007 Profit Target of Industrial &Commercial Bank of China, 2007 Profit Target of China Construction Bank, 2007 Financial Statistics of China Construction Bank, 2004-2007 Financial Statistics of Bank of China, 2004-2007 Profit Target of Huaxia Bank, 2007 Financial Statistics of Bohai Bank, 2004-2007 Asset, Capital and Debt Proportion of City Commercial Bank Total Asset, Capital and Debt of City Commercial Bank Accounting Data and Financial Target, 2004-2006 Capital Adequacy Ratio of Shenzhen City Commercial Bank, 2003-2006 General Output Value and Its Growth Rate of Shenzhen during 10th Five-years Plan Period Profit target of Dongguan City Commercial Bank, 2006 Financial Statistics of Dongguan City Commercial Bank, 2004-2006 Profit target of Fuzhou City Commercial Bank, 2006 Accounting Data and Financial Target of Fuzhou City Commercial Bank , 2004-2006 Complement Financial Target by the End of This Report Capital Contrast of Yingkou City Commercial Bank Accounting Target of Baotou City Commercial Bank, 2003-2005 Financial Target of Three Years by the End of This Report Capital Composition and its Changes China Rural Financial System Institution Total Assets of Some Commercial Banks Deposit Balance of Beijing Rural Commercial Bank over Years Asset Capital of Wujiang Rural Commercial Bank Capital Composition of Xizhou Rural Commercial Bank Performance of Various Target of Yinzhou Rural Commercial Bank • Total Market Value and circulation changes of China Stock Market,2006-2007 Income structure of Security industry, 2006 Market share of Broking Business, 2006 Carry Curve of Five-year-term National Debt and Financial Bond Trading Volume of Key Different Bonds in Inter-bank Market, 2006 Curve Change of Financial Bond Returns Rate in Inter-bank Market, 2006 Scale of Invested Products in Different Securities Markets of China Curve of National Debt Returns Rate of Exchanges Trade volume of Stock, Fund and Warrant of Guoyuan Securities Co., Ltd, 2004-2007 Trading Volume of Different Products in China Futures Market Requirements of China Securities Regulatory Commission on Securities Dealers Developing Business List of Securities Companies that Add Capitals and Enlarge Share Number in Recent Years Security Industry's System Investment Value of Approved QFII Number of Agencies in China Securities Market China Creative Securities Dealers • Estimated Capital Supply in Bonds Market, 2007 Main Monetary Policies, 2006 China Futures Transaction Market and Listed Products China's wealthy people and changing trend of their assets Withdrawal froms of private equity funds in Chinese and American Markets Increase in investment amount of China equity investment market, 2002-2006 Circulation of innovative open-end fund and idle assets by the end of the year Shareholding status of Nikko Asset Management Co., Ltd., Q3 2007 Performance of management in non-IPO comprehensive financial products, 2007 Funds launched by China Southern Fund Management Co., Ltd. Operation of close-ended fund in Hua An Fund Management Co., Ltd. Scale of China insurance industry Ranking list of insurance premium income of life insurance company, Jan.-Sep. 2007 Structure ratio of life insurance market Foreign insurance institutions New representative offices in China of foreign insurance companies, Jan.-Oct. 2007 • Performance of Germany Cologne Reinsurance Company Shanghai Branch in past years Fundraising by private equity fund in each quarter, which could be invested in Mainland China, 2006-2007 (unit:US$ million) Statistics of fundraising, Jan.-Sep. 2007 ( unit: USD million) The number of Chinese companies invested by private equity funds China's wealthy people and changing trend of their assets Distribution of private equity funds' investment strategy in 3Q, 2007 (unit: number) Distributions of private equity funds' investment strategy in 3Q, 2007 (unit: USD million) Changes of the Number of Guarantee Agencies, 2003-2006 Investment Structure of China Guarantee Agencies, 2006 Changes of Investment Structure of China Guarantee Agencies, 2003-2006 Changes of Investment Structure of China Guarantee Agencies, 2003-2006 (unit: %) Corporate Governance Structure of China Guarantee Agencies, 2006 Changes of Corporate Governance Structure of China Guarantee Agencies, 2003-2006 Amount of Fundraising & its Growth Rate of China's Guarantee Agencies, 2003-2006 (unit: CNY100 million) Trend of launch scale and average scale of financial trust products, Jan.-Dec. 2007 Average term and prospective average annual yield of real estate trust products, Jan.-Dec. 2007 • Average term and prospective average annual yield of infrastructure trust products, Jan.-Dec. 2007 Trend of launched quantity of infrastructure trust products, Jan.-Dec. 2007 Average term and prospective average annual yield of infrastructure trust products, Jan.-Dec. 2007 Trend of launch scale and average scale of mineral industry trust products, Jan.-Dec. 2007 Trend of launched quantity of mineral industry trust products, Jan.-Dec. 2007 YOY growth of sales in pawn industry, 2006-2007 Changing trend of the number of pawnshops, 1997-H1 2007 Changing trend of monetary amount provided for enterprises and residents in pawn business, 2006-2007 Comparison between direct financing and indirect financing, 1998-2006 Proportions of chattel mortgage, real estate mortgage and rights pledge, 1H 2007 Operational process of pawn Pawn of civilian goods Pawn of house property Leasing Trading Volume of Sino-foreign Joint Venture in Past Years Leasing Trading Volume of Non-banking Financial Organizations in Past Years China Leasing Co., Ltd Jiangsu Financial Leasing Co., Ltd How to Order Product details How to Order USD File 6,000 PDF Enterprise Wide 9,000 PDF Single User Publication Date: Apr 2008 By email: report@researchinchina.com By fax: 86-10-82600829 By online: www.researchinchina.com For more information, please call our office in Beijing, China: Tel: 86-10-82600828 Website: www.researchinchina.com