Among the Chinese securities companies, the Company has the largest number of local institutions, sales network and clearing and settlement facilities in the “Belt and Road” regions, committed to serving the “Belt and Road” Initiative, serving Chinese enterprises to go global and bringing in overseas clients, and becoming an international comprehensive financial service provider that clients trust most.

In 2019, as the leading underwriter, the Company assisted the issuer TBEA to declare 3 billion “Belt and Road” special corporate bonds and successfully completed the first issuance, from which the funds raised were used for Cameroon’s 225kV power transmission and transformation project, and acceleration of Uganda rural electrification to meet power supply and demand balance projects and other “Belt a nd Road” national power transmission and transformation projects.

The Company actively responds to the call to enhance China’s overall economic anti-risk ability, develops the commodity income swap business, and focuses on serving the hedging needs of domestic entities. This business effectively solves the problems of tedious hedging processes, unstable effects, high capital risks, and low utilization efficiency of domestic customers, especially physical enterprise customers under the traditional model, and has attracted a group of physical enterprises to conduct hedging attempts to avoid operational risks brought by fluctuations in overseas commodity markets. The Company actively responded to the advocacy of “aiding listed companies with development prospects but temporarily operating difficulties to relieve the plight of stock pledge”, and supported the stable operation of national enterprises.

In 2019, as the joint leading underwriter, the Company completed Henan’s first single bailout special corporate bond with a scale of 1 billion yuan. The raised funds are mainly used to set up a bailout fund invested by the government or its designated state-owned capital operating entity to help bailouts for private listed companies, and support private listed companies with good prospects for mergers and acquisitions, restructuring, and strengthening of the main business. The Company acted as the exclusive lead underwriter and completed the issuance of Chengdu Xingcheng Investment Group Co., Ltd.’s non-public issuance of special bonds for relief (Phase 1) in 2019, with a scale of 2 billion yuan which was used to help those A-share listed companies in good standing or their controlling shareholders and actual controllers to resolve their liquidity problems. The company acts as a joint lead underwriter, assisting Jiangxi Provincial State-owned Enterprise Asset Management (Holdings) Co., Ltd. in privately issuing special corporate bonds for bail-out (first phase), with a scale of 1 billion yuan, and the funds raised are intended to relieve listed companies Financing difficulties and equity pledge risks, repayment of company debts, and replenishment of working capital. The company acts as the exclusive lead underwriter, assisting Hainan Development Holdings Co., Ltd. in publicly issuing special corporate bonds for bail-outs to qualified investors and obtaining the approval of the CSRC, of which the approved issuance scale does not exceed 2 billion yuan. We acted as the lead underwriter to assist Guangzhou Industrial Investment Fund Management Co., Ltd. in publicly issuing corporate bonds to qualified investors, which obtained the approval of the Securities Regulatory Commission, with an approved issue size not exceeding RMB6 billion.

The Company established a private enterprise development fund in response to the state’s call to support the prosperity and development of the real economy. We have set up Shenzhen Investment Holding China Securities Xinying Equity Investment Fund Partnership (Limited Partnership) with Shenzhen Investment Control Capital Co. Ltd. In addition, we established Hunan Xingxiang Zhongzheng Xinying Equity Investment Fund Partnership (Limited Partnership) with Hunan Xingxiang Investment Holding Group Co., Ltd. jointly.

The Company actively responds to the national “Rural Service Strategy”, performing the social responsibility of serving the real economy, giving full play to the advantages in product design and transaction pricing, and playing a positive role in the protection of agricultural product prices.

In 2019, the Company cooperated with large domestic insurance companies to launch cotton “insurance + futures” for targeted poverty alleviation in Makit County, Xinjiang. The Company donated RMB1 million in premiums and insured 209 poor households in the country for cotton price index insurance with a total value of more than RMB17 million.

As the lead underwriter, the Company assisted Jiangsu Changshu Rural Commercial Bank Co., Ltd in applying for the “Agriculture, Rural Areas and Farmers” special financial bond with a total scale of 1 billion yuan. In 2019, it was approved by the Jiangsu Regulatory Bureau of the Banking and Insurance Regulatory Commission, and all the funds raised will be used to issue agricultural-related loans.

Green bond is an important result of promoting the green development of the real economy through financial means, and has important economic, social and environmental protection effects, benefiting the national economy and people’s livelihood. The Company actively supports projects related to the green industry and assists a number of financial and nonfinancial enterprises to issue green bonds. The funds raised are all used for green industry projects in accordance with the provisions of the relevant laws and regulations and the approval of regulatory authorities.

In 2019, the Company continued to act as the leading underwriter to issue green corporate bonds for the China Three Gorges Corporation, with a scale of 20 billion yuan. This bond was the first green exchangeable corporate bond in China’s bond market and the largest single-time green credit bond in China. The funds raised were mainly used for the construction of the Group’s Wudongde hydropower station and Baihetan hydropower station, both of which had green certification. The successful issuance of this bond will not only provide strong support for the construction of the two major hydropower stations, effectively guaranteeing the capital of the Three Gorges Group’s key projects, but also was of great strategic significance to the implement of the State Council’s strategic plan for establishing China’s green financial system, leading China’s clean energy sector financing, and deepening the reform of state-owned enterprises.

In 2019, the Company as the main underwriter assisted Guangzhou Metro Group Co., Ltd. in issuing a total of 4 green corporate bonds with a total scale of RMB7 billion. The funds raised were used for rail transit construction projects and replenishing liquidity. Developing rail transit projects is one of the important measures for the Guangzhou’s energy-saving and low-carbon process.

In 2019, as the leading underwriter, the Company assisted Beijing Infrastructure Investment Co., Ltd in issuing green renewable corporate bonds of no more than RMB10 billion, which was the first publicly available green renewable corporate bond for the subway company. The raised funds will be used for the construction and operation of green rail transit construction projects approved by the Green Finance Committee and the Shanghai Stock Exchange. This bond broadened the channels for the financing of subway companies and also contributed to the construction of Beijing’s rail transit system.

In addition, the Company also assisted Great Wall Guoxing Financial Leasing Co., Ltd. as the lead underwriter to complete the issuance of RMB2 billions of green financial bonds. The project planned to be invested with the raised funds was expected to annually save approximately 2,430,700 tons of standard coal, to reduce 6,498,900 tons of carbon dioxide emissions, 63,166.18 tons of sulfur dioxide emissions, and 54,277.29 tons of nitrogen oxide emissions. As the exclusive lead underwriter, the Company assisted Qinghai Bank to issue RMB1.5 billion of green financial bonds, and the funds raised were used for the green industry projects specified in the “Green Bond Supporting Project Catalogue”. It is of positive significance to the construction of ecological civilization in Qinghai Province and promote the sustainable development of economy and society. As a co-lead underwriter, the Company assisted Zheshang Bank to successfully issue RMB5 billions of green financial bonds, further promoting the development of Zheshang Bank’s green financial business and improving its green financial services. As a co-lead underwriter, the Company assisted Agricultural Bank of China Financial Leasing Co., Ltd to successfully issue RMB3 billions of green financial bonds, which was the first time that a financial leasing company in Shanghai issued green financial bonds. The funds raised were intended to be invested in 6 renewable energy projects.