- Language: English
- 650 Pages
- Published: April 2008
- Region: China
Panoramaic Analysis of China Financial Industry 2007 - 2008 (Chinese Version)
- Published: April 2008
- Region: China
- 650 Pages
- Research In China
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 state-owned 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.
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.
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.
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
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.
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. SHOW LESS READ MORE >
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
220.127.116.11 Rural financial system and its development
18.104.22.168 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
2.1 Industrial & Commercial Bank of China (ICBC)(601398)
2.1.2 Operation and revenue, 2004-2007
2.1.3 Investment, 2006-2007
2.1.4 Main business, 2006-2007
2.1.5 Latest market trend and future development
2.2 China Construction Bank (601939)
2.2.2 Operation and revenue, 2004-2007
2.2.3 Investment, 2006-2007
2.2.4 Main business, 2006-2007
2.2.5 Latest market trend and future development
2.3 Bank of China (601988)
2.3.2 Operation and business revenue, 2004-2007
2.3.3 Investment, 2006-2007
2.3.4 Main business, 2006-2007
2.3.5 Latest market trend and future development
2.4 Bank of communications (601328)
2.4.2 Operation and revenue, 2004-2007
2.4.3 Investment, 2006-2007
2.4.4 Main business, 2006-2007
2.4.5 Latest market trend and future development
2.5 Agricultural Bank of China
2.5.2 Operation and 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
3.1 Shanghai Pudong Development Bank (600000)
3.1.2 Operation and revenue, 2004-2007
3.1.3 Investment, 2006-2007
3.1.4 Main business, 2006-2007
3.1.5 Latest market trend and future development
3.2 Hua Xia Bank (600015)
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)
3.3.2 Operation and revenue, 2004-2007
3.3.3 Investment, 2006-2007
3.3.4 Main business, 2006-2007
3.3.5 Latest market trend and future development
3.4 Merchants Bank (600036)
3.4.2 Operation and revenue, 2004-2007
3.4.3 Investment, 2006-2007
3.4.4 Main business, 2006-2007
3.4.5 Latest market trend and future development
3.5 Industrial Bank (601166)
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
3.6.2 Operation and revenue, 2004-2007
3.6.3 Investment, 2006-2007
3.6.4 Main business, 2006-2007
3.6.5 Latest market trend and future development
3.7 Guangdong Development Bank
3.7.2 Operation and revenue, 2004-2007
3.7.3 Investment, 2006-2007
3.7.4 Main business, 2006-2007
3.7.5 Latest market trend and future development
3.8 Evergrowing Bank
3.8.2 Operation and revenue, 2004-2007
3.8.3 Investment, 2006-2007
3.8.4 Main business, 2006-2007
3.8.5 Latest market trend and future development
3.9 China Citic Bank(601998)
3.9.2 Operation and revenue, 2004-2007
3.9.3 Investment, 2006-2007
3.9.4 Main business, 2006-2007
3.9.5 Latest market trend and future development
3.10 Shengzhen Development Bank (000001)
3.10.2 Operation and revenue, 2004-2007
3.10.3 Investment, 2006-2007
3.10.4 Main business, 2006-2007
3.10.5 Latest market trend and future development
3.11 China Zheshang Bank
3.11.2 Operation and business revenue, 2004-2007
3.11.3 Investment, 2006-2007
3.11.4 Main business, 2006-2007
3.11.5 Latest market trend and future development
3.12 China Bohai Bank
3.12.2 Operation and revenue, 2004-2007
3.12.3 Investment, 2006-2007
3.12.4 Main business, 2006-2007
3.12.5 Latest market trend and future development
4.Comprehensive Competitiveness of City Commercial Banks in Northeast Economic Zone
4.1 Dalian City Commercial Bank
4.1.2 Main financial targets, 2006
4.1.3 Future development trend
4.2 Harbin City Commercial Bank
4.2.2 Main financial targets, 2006
4.2.3 Core competitiveness
4.3 Anshan City Commercial Bank
4.4 Shijiazhuang City Commercial Bank
4.4.2 Core competitiveness
4.5 Yingkou City Commercial Bank
4.5.2 Main financial targets, 2006
4.5.3 Core competitiveness
4.6 Daqing City Commercial Bank
4.6.2 Main financial targets, 2006
5. Comprehensive Competitiveness of City commercial Banks in West Economic Zone
5.1 Xi'an City Commercial Bank
5.1.2 Main financial targets, 2006
5.1.3 Core competitiveness
5.2 Nanchong City Commercial Bank
5.2.2 Main financial targets, 2006
5.2.3 Core competitiveness
5.3 Guiyang City Commercial Bank
5.3.2 Main financial targets, 2006
5.4 Urumchi City Commercial Bank
5.4.2 Core competitiveness
5.5 Yinchuan City Commercial Bank
5.5.2 Main financial targets, 2006
5.5.3 Core competitiveness
5.6 Baotou City Commercial Bank
5.6.2 Main financial targets
5.7 Chengdu City Commercial Bank
5.7.2 Core competitiveness
5.8 Chongqing City Commercial Bank
5.8.2 Main financial targets, 2006
5.9 Lanzhou City Commercial Bank
5.9.2 Core competitiveness
5.10 Yichang City Commercial Bank
5.11 Kunming City Commercial Bank
5.11.2 Main financial targets, 2006
6. Comprehensive Competitiveness of City Commercial Banks in Bohai Sea Rim Economic Zone
6.1 Tianjin City Commercial Bank
6.1.2 Main financial targets
6.1.3 Core competitiveness
6.2 Beijing City Commercial Bank
6.2.2 Main financial targets, 3Q2007
6.2.3 Core competitiveness
6.3 Jinan City Commercial Bank
6.3.2 Main financial targets, 2006
6.3.3 Core competitiveness
6.4 Rizhao City Commercial Bank
6.4.2 Main financial targets, 2006
6.4.3 Core competitiveness
6.5 Zibo City Commercial Bank
6.5.1 Main financial targets, 2006
6.5.2 Core competitiveness
6.6 Langfang City Commercial Bank
6.6.2 Core competitiveness
6.7 Yantai City Commercial Bank
6.7.2 Main financial targets
6.7.3 Core competitiveness
6.8 Linyi City Commercial Bank
6.8.2 Main financial targets, 2006
6.8.3 Core competitiveness
7. Comprehensive Competitiveness of City Commercial Banks in Central Economic Zone
7.1 Changsha City Commercial Bank
7.1.2 Main financial targets, 2006
7.1.3 Core competitiveness
7.2 Jiaozuo City Commercial Bank
7.2.2 Main financial targets, 2006
7.3 Qingdao City Commercial Bank
7.3.2 Main financial targets, 2006
7.3.3 Boosting development of mid- and small-sized companies
7.4 Zhuzhou City Commercial Bank
7.5 Nanyang City Commercial Bank
7.6 Dezhou City Commercial Bank
7.6.2 Main financial targets, 2006
7.7 Dongying City Commercial Bank
7.7.2 Main financial targets, 2006
7.7.3 Development plan, 2007
7.8 Laiwu City Commercial Bank
7.8.2 Main financial targets, 2006
7.8.3 Core competitiveness
7.9 Weihai City Commercial Bank
7.9.2 Main financial targets, 2006
7.9.3 Core competitiveness
8.Comprehensive Competitiveness of City Commercial Banks in Pan-Pearl River Delta Economic Zone
8.1 Shenzhen City Commercial Bank
8.1.2 Main financial targets, 2006
8.1.3 Core competitiveness
8.2 Dongguan City Commercial Bank
8.2.2 Main financial targets, 2006
8.3 Fuzhou City Commercial Bank
8.3.2 Main financial targets, 2006
8.3.3 Core competitiveness
8.4 Quanzhou City Commercial Bank
8.4.2 Main financial targets, 2006
8.4.3 Core competitiveness
8.5 Lizhou City Commercial Bank
8.5.2 Main financial targets, 2006
8.5.3 Development plan, 2007
8.6 Zhanjiang City Commercial Bank
8.6.2 Main financial targets, 2006
9. Comprehensive Competitiveness of City Commercial Banks in Yangtze River Delta Economic Zone
9.1 Shanghai City Commercial Bank
9.1.2 Main financial targets, 2006
9.1.3 Main financial targets, 1H2007
9.1.4 Core competitiveness
9.2 Hangzhou City Commercial Bank
9.2.2 Main financial targets, 2006
9.2.3 Core competitiveness
9.3 Nanjing City Commercial Bank
9.3.2 Main financial targets, 2006
9.3.3 Core competitiveness
9.4 Shaoxing City Commercial Bank
9.4.2 Main financial targets, 2006
9.4.3 Core competitiveness
9.5 Ningbo City Commercial Bank
9.5.2 Main financial targets, 2006
9.5.3 Core competitiveness
9.6 Comprehensive competitiveness of city commercial banks in Wenzhou, Zhejiang province
9.6.2 Main financial targets, 2006
9.6.3 Core competitiveness
9.7 Jiaxing City Commercial Bank
9.7.2 Main financial targets, 2006
9.7.3 Core competitiveness
9.8. Nanchang City Commercial Bank
9.8.2 Main financial targets, 2006
9.9 Huzhou City Commercial Bank
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 Industry
12. Overview of China security industry
12.1 Industry policies
12.1.1 Market policies
12.1.2 Supervision system
12.2 China security industry development
12.2.1 Stock market
12.2.2 Bond market
12.2.3 Futures market
12.2.4 Fund market
12.3 foreign capital and security industry
13. Competition of Traditional Businesses in China Security Market
13.1 Broking service
13.1.2 Development trend
13. 2 Security underwriting service
13.2.1 Public offering service
13.2.2 Additional shares insurance service
13.2.3 Development trend of security underwriting service
13. 3 Self-investment service
13. 4 Instable income from revenue structure of traditional businesses
14. Competition of Innovative Business in China Security Industry
14.1 Aggregated Assets Management Plan Service
14.2 Creation of warrant service
14.3 Direct investment service
14.4 Stock index future transaction
15. Main Security Firms
15.1 China Galaxy Securities Co., Ltd
15.1.1 Company Profile
15.1.3 Development Strategy
15.1.4 Latest Trends
15.2 CITIC Securities Co., Ltd
15.3 Hongyuan Security Co., Ltd
15.4 Northeast Securities Co. ,Ltd
15.5Guoyuan Securities Co., Ltd
15.5.3 Development Strategy
15.5.4 Latest Trends
15.6 Changjiang Securities Co., Ltd
15.6.3 Development Strategy
15.6.4 Latest Trends
15.7 Guotai Junan Securities Co. Ltd
15.7.3 Development Strategy
15.7.4 Latest Trends
15.8Shenyin & Wanguo Securities Co., Ltd
15.8.3 Development Strategy
15.8.4 Latest Trends
15.9 GF Securities Co., Ltd
15.9.3 Development Strategy
15.9.4 Latest Trends
15.10 Guosen Securities Co., Ltd
15.10.3 Development Strategy
15.10.4 Latest Trends
15.11 Merchant Securities Co., Ltd
15.11.3 Development Strategy
15.11.4 Latest Trends
15.13 China Jianyin Investment Securities Co., Ltd
15.13.3 Development Strategy
15.13.4 Latest Trend
15.14 Everbright Securities Co., Ltd
15.14.3 Development Strategy
15.14.4 Latest Trends
15.15 Oriental Securities Co., Ltd
15.15.3 Development Strategy
15.15.4 Latest Trends
15.16 Industrial Securities Co., Ltd
15.16.3 Development Strategy
15.16.4 Latest Trends
15.17 BOC International (China) Limited
15.18 Huaxi Securities Co., Ltd
15.18.3 Latest Trends
15.19 PingAn Securities Co., Ltd
15.19.3 Development Strategy
15.19.4 Latest Trends
16. Investment of Foreign Securities Firms in China
16.1 Merrill Lynch
16.1.1 Investment of Merrill Lynch in China
16.1.2 Core Competitiveness of Merrill Lynch in China
16.2.2 Core Competitiveness
16.3 Nomura Securities
16.3.2 Core Competitiveness
16.4 Lyons Securities
16.4.2 Core Competitiveness
16.5.2 Core Competitiveness
16.6 Morgan Stanley
16.6.2 Core Competitiveness
16.7 Hang Seng Bank
16.7.2 Core Competitiveness
16.8 Samsung Securities
16.8.2 Core Competitiveness
17. Merging and Restructuring Cases in China's Securities Industry
17.1 China Cinda Purchased Hantang Securities
17.1.3 Blue Print
17.2 China Cinda purchased Liaoning Securities
17.2.3 Blue Print
17.3 China Jianyin Investment Securities Purchased Hongyuan Securities
17.3.3 Blue Print
17.4 CITIC Securities Purchased Goldstone Securities
17.4.3 Blue Print
17.5 GF Securities Purchased First Securities
17.5.3 Blue Print
17.6 UBS Purchased Beijing Securities
17.6.3 Blue Print
18.Big Events in Fund Industry, 2007
18.1 First case of fund merger
18.2 Three cases of scrambling for equity of fund companies
19.1 Development status
19.2 Competition for broker agent qualification triggered by new policy of QFII
19.3 Fund performance
19.4 Investment strategy
20. Key QFII Funds
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
20.4.6 Deutsche Bank
20.4.7 Goldman Sachs
20.4.8 Citigroup Global Markets Limited
20.4.9 UBS AG
21.Private Equity Securities Investment Fund
21.2 Development of private equity fund
21.2.1 Legitimate status becomes increasingly definite
21.3 Status quo
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
23.1 Status quo
23.2 Brokerage QDII products
23.3 Banking QDII products
23.4 Insurance QDII products
23.5 Overseas QDII funds
24.Key Domestic Fund Companies
24.1 China Southern Fund Management Co., Ltd
24.1.1 Company profile
24.1.2 Company performance
24.2 E Fund Management Co., Ltd
24.2.1 Company profile
24.2.2 Company performance
24.3 China AMC
24.3.1 Company profile
24.3.2 Company performance
24.4 Hua An Fund Management Co., Ltd
24.4.1 Company profile
24.4.2 Company performance
24.5 Bosera Asset Management Co., Ltd
24.5.1 Company profile
24.5.2 Company performance
24.6 GF Fund Management Co., Ltd
24.6.1 Company Profile
24.6.2 Company performance
24.7 Harvest Management Co., Ltd
24.7.1 Company Profile
24.7.2 Company performance
24.7.3 Talents Strategy
24.8 Yinhua Fund Management Co., Ltd
24.8.1 Company Profile
24.8.2 Company performance
24.9 Da Cheng Fund Management Co., Ltd
24.9.1 Company Profile
24.9.2 Company performance
24.10 Guotai Fund Management Co., Ltd
24.10.1 Company Profile
24.10.2 Company performance
24.11 Invesco Great Wall Fund Management Co., Ltd
24.11.1 Company Profile
24.11.2 Company performance
24.12 Rongtong Fund Management Co., Ltd
24.12.1 Company Profile
24.12.2 Company performance
24.13 Fortune SGAM Fund Management Co., Ltd
24.13.1 Company Profile
24.13.2 Company performance
24.14 Penghua Fund Management Co., Ltd
24.14.1 Company Profile
24.14.2 Company performance
24.15 China Post & Capital Fund Management Co., Ltd
24.15.1 Company Profile
24.15.2 Company performance
24.16 China Universal Asset Fund Management Co., Ltd
24.16.1 Company Profile
24.16.2 Company performance
24.17 Lion Fund Management Co., Ltd
24.17.1 Company Profile
24.17.2 Company performance
24.18 GreatwallFund Management Co., Ltd
24.18.1 Company Profile
24.18.2 Company performance
24.19 China International Fund Management Co., Ltd
24.19.1 Company Profile
24.19.2 Company Performance
24.20 Fullgoal Fund Management Co., Ltd
24.20.1 Company Profile
24.20.2 Company performance
25.Prospect for Development of China Security Industry
25.1 Development Trend
25.2 Investment Opportunities
26.Overview of China Insurance Industry
26.1 Status Quo
26.1.1 Scale and Entity
26.1.3 Segment markets
26.1.4 Status quo of insurance products
26.1.5 Policies and industrial environment
26.1.6 Capital utilization in insurance industry
26.1.7 Foreign Capital and Insurance Industry
27. Foreign Insurance Companies
27.1 Aioi Insurance Co., Ltd
27.2 Allianz Insurance Company Guangzhou Branch
27.3 Germany Cologne Reinsurance Company Shanghai Branch
27.4 Groupama S.A. Chengdu Branch
27.5 Winterthur Insurance (Asia) Ltd
27.6 Lloyd's of China Reinsurance Company
27.7 Liberty Mutual Insurance Company
27.8 American International Assurance Company, Limited
27.9 AIG General Insurance Company China, Ltd
27.10 Munich Re Group
27.11 Chubb Group Of Insurance Companies
27.12 Sompo Japan Insurance Company
27.13 Tokio Marine & Nichido Fire Insurance Co., Ltd
27.14 Mitsui Sumitomo Insurance Co., Ltd
27.15 Samsung Fire & Marine Insurance Co., Ltd
27.16 Zurich Insurance Company Beijing Branch
27.17 Royal and Sun Alliance Insurance (PLC) Company
28. Competitiveness of China Major Insurance Companies
28.1 PICC Property and Casualty Insurance Co.
28.1.2 Market competitiveness
28.1.3 Development strategy
28.2 PICC Life Insurance Co.
28.2.2 Market competitiveness
28.2.3 Development strategy
28.3 Ping An Insurance (Group) Company
28.3.2 Market competitiveness
28.3.3 Development strategy
28.4 China Pacific Insurance (Group) Co.
28.4.2 Market competitiveness
28.4.3 Development strategy
28.5 New China Insurance Co., Ltd.
28.5.2 Market competitiveness
28.5.3 Development strategy
28.6 Taikang Life Insurance Company Ltd.
28.6.2 Market competitiveness
28.6.3 Development strategy
29.Development Trend and Proposals of Insurance Industry
29.1 Development trend
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
22.214.171.124 Distribution of China equity investment industry in 2007
126.96.36.199 Strategies of investment in 2007
188.8.131.52 Withdrawal situation
184.108.40.206 Fundraising in 2007
220.127.116.11 Statistics of IPOs by Chinese companies backed by equity investment firms, 2007
18.104.22.168 Ranking list of China venture capital firms, 2007
22.214.171.124 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
32.1 Carlyle Group
32.3 CDH Investments
32.4 SAIF Partners
32.5 Legend Capital Ltd
32.6 Sequoia Capital China
32.7 Merrill Lynch
32.8 Warburg Pincus
32.9 GRANITE GLOBAL VENTURES(GGV)
32.10 DFJ ePlanet Ventures
32.11 Goldman Sachs (Asia) Ltd.
32.14 Intel Capital
32.15 Chengwei Ventures
32.17 Morgan Stanley
32.18 Deutsche Bank
32.19 EPLANET VENTURES
32.20 Blue Ridge Capital
32.21 Qiming Venture
32.22 Capital Today
32.23 Shenzhen Capital Group Co., Ltd.
32.24 AsiaVest Partners, TCW/YFY Ltd.
32.25 WI Harper Group
33. Trend and Prospect of China Equity Investment, 2008
33.1 Launch of the second board and its influence
33.2 Changing trend of withdrawal forms
33.3 Monetary policy and its influence
33.4 Changing trend of regional investment
34. Introduction of Guarantee Industry
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
37.5 Beijing Zhongguancun Sci-tech Guaranty Co., Ltd.
37.5.1 Company profile
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
126.96.36.199 Ranking list of trust products, Nov. 2007
40. Investment Direction and Application Forms of China Trust Funds
40.1 Investment direction of trust funds
40.1.2 Real estate
40.1.4 Mineral industry
40.2 Application forms of trust funds
40.2.2 Investment in securities
40.2.3 Investment in equity
40.2.4 Investment in interest
41.Competitiveness of Companies with Financial License
41.1 Huaxin Trust Co., Ltd.
41.1.1 Company Profile
41.1.3 Financial analysis
41.1.4 Important events
41.2 Guolian Trust Co., Ltd.
41.2.1 Company Profile
41.2.3 Financial analysis
41.3 Dongguan Trust & Investment Co., Ltd.
41.3.1 Company Profile
41.3.3 Financial analysis
41.4 GFIH Co., Ltd.
41.4.3 Financial analysis
41.5 National Trust Co., Ltd.
41.5.1 Company Profile
41.5.3 Financial analysis
41.6 SDIC Trust Co., Ltd.
41.6.3 Financial analysis
41.7 Hangzhou Industrial & Commercial Trust Co., Ltd.
41.7.1 Company Profile
41.7.3 Financial analysis
41.8 Hefei Xingtai Trust Co., Ltd.
41.8.1 Company Profile
41.8.3 Financial analysis
41.9 Hengping Trust Co., Ltd.
41.9.1 Company Profile
41.10 Huachen Trus Trust Co., Ltd.
41.10.1 Company Profile
41.10.3 Financial analysis
41.11 Jiangsu International Trust & Investment Co., Ltd.
41.11.1 Company Profile
41.11.3 Financial analysis
41.12 Shangdong International Trust Co., Ltd.
41.12.1 Company Profile
41.12.3 Financial analysis
41.13 Shanghai International Trust Co., Ltd.
41.13.1 Company Profile
41.13.3 Financial analysis
41.14 Shanxi Trust Co., Ltd.
41.14.1 Company Profile
41.14.3 Financial analysis
41.15 Suzhou Trust Co., Ltd.
41.15.1 Company Profile
41.15.3 Financial analysis
41.16 Xiamen International Trust Co., Ltd.
41.16.1 Company Profile
41.16.3 Financial analysis
41.17 New China Trust Co., Ltd.
41.17.1 Company Profile
41.17.3 Financial analysis
41.18 Jinan Yingda International Trust Co., Ltd.
41.18.1 Company Profile
41.18.3 Financial analysis
41.19 Yunnan International Trust Co., ltd.
41.19.1 Company Profile
41.19.3 Financial analysis
41.20 China Credit Trust Co., ltd.
41.20.1 Company Profile
41.20.3 Financial analysis
41.21 China Pingan Trust Co., Ltd.
41.21.1 Comapny Profile
41.21.3 Financial analysis
41.22 China Foreign Economy and Trade Trust & Investment Co., Ltd.
41.22.1 Company Profile
41.22.3 Financial analysis
41.23 Zhonghai Trust Co., Ltd.
41.22.1 Company Profile
41.22.3 Financial analysis
41.24 Zhongrong International Trust & Investment Co., Ltd.
41.24.1 Company Profile
41.24.3 Financial analysis
41.25 CITIC Trust Co., Ltd.
41.25.1 Company Profile
41.25.3 Financial analysis
41.26 Anxin Trust & Investment Co., Ltd.
41.26.1 Company Profile
41.26.3 Financial analysis
41.27 Shanxi International Trust & Investment Co., Ltd.
41.27.1 Company Profile
41.27.3 Financial analysis
41.28 Fortune Trust Co., Ltd.
41.28.1 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
42.1.3 Financial analysis
42.2 Zhongyuan Trust Co., Ltd.
42.2.1 Company Profile
42.2.3 Financial analysis
42.3 Union Trust Co., Ltd.
42.3.1 Company Profile
42.3.3 Financial analysis
42.4 Hunan Trust & Investment Co., Ltd.
42.4.1 Company Profile
42.4.3 Financial analysis
42.5 Anhui Guoyuan Trust and Investment Co., ltd.
42.5.1 Company Profile
42.5.3 Financial analysis
42.6 Northern International Trust & Investment Co., Ltd.
42.6.1 Company Profile
42.6.3 Financial analysis
42.7 Beijing International Trust and Investment Co., Ltd.
42.7.1 Company Profile
42.7.3 Financial analysis
42.8 Gansu Trust Co., Ltd.
42.8.1 Company Profile
42.8.3 Financial analysis
42.9 Jilin Province Trust & Investment Co., ltd.
42.9.1 Company Profile
42.9.3 Financial analysis
42.10 Jiangxi International Trust Co., Ltd.
42.10.1 Company Profile
42.10.3 Financial analysis
42.11 Goldern Harbour Trust Co., Ltd.
42.11.1 Company Profile
42.11.3 Financial analysis
42.12 Shenzhen International Trust & Investment Co., Ltd.
42.12.1 Company Profile
42.12.3 Financial analysis
42.13 Tianjin Trust and Investment Co., Ltd.
42.13.1 Company Profile
42.13.3 Financial analysis
42.14 Xi'an International Trust and Investment Co., Ltd.
42.14.1 Company Profile
42.14.3 Financial analysis
42.15 Western Trust & Investment Co., Ltd.
42.15.1 Company Profile
42.15.3 Financial analysis
42.16 The Trust Investment Corporation of Tiber Autonomous Region
42.16.1 Company Profile
42.16.3 Financial analysis
42.17 Xinjiang International Trust & Investment Co., Ltd.
42.17.1 Company Profile
42.17.3 Financial analysis
42.18 Chongqing International Trust and Investment Co., Ltd.
42.18.1 Company Profile
42.18.3 Financial analysis
42.19 Zhongtai Trust Co., Ltd.
42.19.1 Company Profile
42.19.3 Financial analysis
42.20 New Times Trust & Investment Co., Ltd.
42.20.1 Company Profile
42.20.3 Financial analysis
43. Development Trend and Opportunities of Trust Industry
44. Overview of China's Pawn Industry Development in 2007
44.1 Pawn classification and main business
44.2 Overview of China pawn industry in 2007
45. Analysis of Pawn Business in China Pawn Industry
45.1 Pawn of civilian goods
45.2 Pawn of house property
45.3 Pawn of motor vehicles
45.4 Rights pledge
45.5 Risks in pawn industry
46. Regional Competitive Structure in Pawn Industry
46.1 Development of pawn industry in Beijing
46.2 Development of pawn industry in Shanghai
46.2.2 Main problems
46.3 Development of pawn industry in Zhejiang
46.3.2 Features of pawn
46.4 Development of pawn industry in Wuhan
46.4.1 Analysis of pawn business
46.4.2 Financial analysis of pawn industry in Wuhan
46.4.3 Analysis of practitioners
46.5 Development of pawn industry in Hohhot
46.5.1 Pawn business
46.5.3 Main problems
46.6 Development of pawn industry in Urumqi
46.6.1 The number of pawnshops increases rapidly
46.6.2 Volume of pawn business increases
46.7 Development of pawn industry in Sichuan
46.7.1 Small operation scale
46.7.2 Rapid development
46.7.3 Main problems
46.8 Development of pawn industry in Jilin
46.8.2 Main problems
47. Operation of Key Pawn Companies in China
47.1 Beijing Huaxia Pawnshop Co., Ltd.
47.1.2 Primary business
47.2 Bao Rui Tong Pawn Shop
47.2.2 Primary business
47.3 Oriental Pawn Co., Ltd.
47.3.1 Company profile
47.3.2 Scope of business
47.4 Ningbo Dahongying Industry & Investment Co., Ltd.
47.4.1 Company profile
47.5 Jiangsu Jinteng Pawn Co., Ltd.
47.6 Beijing Ruiyuan Pawn Co., Ltd,
47.7 Shenyang Xinke Pawn Co., Ltd.
47.8 Shenyang Jintong Pawn Co., Ltd.
47.9 Anhui Huasheng Pawn Co., Ltd.
47.10 Wuhan Huatai Pawn Co., Ltd.
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 Industry, 2006
50.1 Overview of financial leasing industry
50.1.1 Medical Equipment Leasing
50.1.2 Engineering Machinery Leasing
50.1.3 Printing Equipment Leasing
50.1.4 Aviation Leasing
50.1.5 Real Estate Financial Leasing
50.1.6 Automobile Financial Leasing
50.2 Innovating Products
50.3 Trust Plan
50.4 Blanket Financial Leasing Plan
51. Key Companies
51.1 China Leasing Co., Ltd
51.2 Jiangsu Financial Leasing Co., Ltd
51.3 Shenzhen Financial Leasing Co., Ltd
51.4 Zhejiang Leasing Co., Ltd
51.5 International Far Eastern Leasing Co., Ltd
51.6 Deutsche Leasing (China) Co., Ltd
51.7 Beijing Zoomlion XinXing Construction Machinery Leasing Co., Ltd
52.Future Development of Industry
52.1 Market Prospect
52.2 Current Bottleneck Restricting Financial Leasing Development
52.3 Risk and Countermeasures for Financial Leasing Companies
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
Bond Issue in Primary Market, 2006
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 (unit: CNY10,000)
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
-Industrial & Commercial Bank of China (ICBC)(601398)
-China Construction Bank (601939)
-Bank of China (601988)
-Bank of Communications (601328)
-Agricultural Bank of China
-Shanghai Pudong Development Bank (600000)
-Hua Xia Bank (600015)
-Minsheng Bank (600016)
-Merchants Bank (600036)
-Industrial Bank (601166)
-Guangdong Development Bank
-China Citic Bank(601998)
-Shengzhen Development Bank (000001)
-China Zheshang Bank
-China Bohai Bank
-Dalian City Commercial Bank
-Harbin City Commercial Bank
-Shijiazhuang City Commercial Bank
-Yingkou City Commercial Bank
-Daqing City Commercial Bank
-Xi'an City Commercial Bank
-Nanchong City Commercial Bank
-Guiyang City Commercial Bank
-Urumchi City Commercial Bank
-Yinchuan City Commercial Bank
-Baotou City Commercial Bank
-Chengdu City Commercial Bank
-Chongqing City Commercial Bank
-Lanzhou City Commercial Bank
-Yichang City Commercial Bank
-Kunming City Commercial Bank
-Tianjin City Commercial Bank
-Beijing City Commercial Bank
-Jinan City Commercial Bank
-Rizhao City Commercial Bank
-Zibo City Commercial Bank
-Langfang City Commercial Bank
-Yantai City Commercial Bank
-Linyi City Commercial Bank
-Changsha City Commercial Bank
-Jiaozuo City Commercial Bank
-Qingdao City Commercial Bank
-Zhuzhou City Commercial Bank
-Nanyang City Commercial Bank
-Dezhou City Commercial Bank
-Dongying City Commercial Bank
-Laiwu City Commercial Bank
-Weihai City Commercial Bank
-Shenzhen City Commercial Bank
-Dongguan City Commercial Bank
-Fuzhou City Commercial Bank
-Quanzhou City Commercial Bank
-Lizhou City Commercial Bank
-Zhanjiang City Commercial Bank
-Shanghai City Commercial Bank
-Hangzhou City Commercial Bank
-Nanjing City Commercial Bank
-Shaoxing City Commercial Bank
-Ningbo City Commercial Bank
-Jiaxing City Commercial Bank
-Nanchang City Commercial Bank
-Huzhou City Commercial Bank
-Zhangjiagang Rural Commercial Bank
-Jiangyin Rural Commercial Bank
-Changshu Rural Commercial Bank
-Shanghai Rural Commercial Bank
-Beijing Rural Commercial Bank
-Shenzhen Rural Commercial Bank
-Wujiang Rural Commercial Bank
-Taicang Rural Commercial Bank
-Wujin Rural Commercial Bank
-Xizhou Rural Commercial Bank
-Kunshan Rural Commercial Bank
-Dongwu Rural Commercial Bank
-Wuhu Yangzi Rural Commercial Bank
-Hefei technical Rural Commercial Bank
-China Galaxy Securities Co., Ltd
-CITIC Securities Co., Ltd
-Hongyuan Security Co., Ltd
-Northeast Securities Co. ,Ltd
-Guoyuan Securities Co., Ltd
-Changjiang Securities Co., Ltd
-Guotai Junan Securities Co. Ltd
-Shenyin & Wanguo Securities Co., Ltd
-GF Securities Co., Ltd
-Guosen Securities Co., Ltd
-Merchant Securities Co., Ltd
-China Jianyin Investment Securities Co., Ltd
-Everbright Securities Co., Ltd
-Oriental Securities Co., Ltd
-Industrial Securities Co., Ltd
-BOC International (China) Limited
-Huaxi Securities Co., Ltd
-PingAn Securities Co., Ltd
-Hang Seng Bank
-China Southern Fund Management Co., Ltd
-E Fund Management Co., Ltd
-Hua An Fund Management Co., Ltd
-Bosera Asset Management Co., Ltd
-GF Fund Management Co., Ltd
-Harvest Management Co., Ltd
-Yinhua Fund Management Co., Ltd
-Da Cheng Fund Management Co., Ltd
-Guotai Fund Management Co., Ltd
-Invesco Great Wall Fund Management Co., Ltd
-Rongtong Fund Management Co., Ltd
-Fortune SGAM Fund Management Co., Ltd
-Penghua Fund Management Co., Ltd
-China Post & Capital Fund Management Co., Ltd
-China Universal Asset Fund Management Co., Ltd
-Lion Fund Management Co., Ltd
-GreatwallFund Management Co., Ltd
-China International Fund Management Co., Ltd
-Fullgoal Fund Management Co., Ltd
-Aioi Insurance Co., Ltd
-Allianz Insurance Company Guangzhou Branch
-Germany Cologne Reinsurance Company Shanghai Branch
-Groupama S.A. Chengdu Branch
-Winterthur Insurance (Asia) Ltd
-Lloyd's of China Reinsurance Company
-Liberty Mutual Insurance Company
-American International Assurance Company, Limited
-AIG General Insurance Company China, Ltd
-Munich Re Group
-Chubb Group Of Insurance Companies
-Sompo Japan Insurance Company
-Tokio Marine & Nichido Fire Insurance Co., Ltd
-Mitsui Sumitomo Insurance Co., Ltd
-Samsung Fire & Marine Insurance Co., Ltd
-Zurich Insurance Company Beijing Branch
-Royal and Sun Alliance Insurance (PLC) Company
-PICC Property and Casualty Insurance Co.
-PICC Life Insurance Co.
-Ping An Insurance (Group) Company
-China Pacific Insurance (Group) Co.
-New China Insurance Co., Ltd.
-Taikang Life Insurance Company Ltd.
-Legend Capital Ltd
-Sequoia Capital China
-GRANITE GLOBAL VENTURES(GGV)
-DFJ ePlanet Ventures
-Goldman Sachs (Asia) Ltd.
-Blue Ridge Capital
-Shenzhen Capital Group Co., Ltd.
-AsiaVest Partners, TCW/YFY Ltd.
-WI Harper Group
-China National Investment & Guaranty Co., Ltd.
-Credit Orienwise Group Ltd.
-Beijing Shouchuang Investment & Guarantee Co., Ltd.
-Beijing Zhongguancun Sci-tech Guaranty Co., Ltd.
-Shenzhen Huarong Investment & Guarantee Co., Ltd.
-Shenzhen Small & Medium Enterprises Credit Guarantee Center Co., Ltd.
-Guangdong Yinda Guarantee Investment Group Co., Ltd.
-GuangDong Join-Share Guarantee Investment Co., Ltd.
-Huaxin Trust Co., Ltd.
-Guolian Trust Co., Ltd.
-Dongguan Trust & Investment Co., Ltd.
-GFIH Co., Ltd.
-National Trust Co., Ltd.
-SDIC Trust Co., Ltd.
-Hangzhou Industrial & Commercial Trust Co., Ltd.
-Hefei Xingtai Trust Co., Ltd.
-Hengping Trust Co., Ltd.
-Huachen Trus Trust Co., Ltd.
-Jiangsu International Trust & Investment Co., Ltd.
-Shangdong International Trust Co., Ltd.
-Shanghai International Trust Co., Ltd.
-Shanxi Trust Co., Ltd.
-Suzhou Trust Co., Ltd.
-Xiamen International Trust Co., Ltd.
-New China Trust Co., Ltd.
-Jinan Yingda International Trust Co., Ltd.
-Yunnan International Trust Co., ltd.
-China Credit Trust Co., ltd.
-China Pingan Trust Co., Ltd.
-China Foreign Economy and Trade Trust & Investment Co., Ltd.
-Zhonghai Trust Co., Ltd.
-Zhongrong International Trust & Investment Co., Ltd.
-CITIC Trust Co., Ltd.
-Anxin Trust & Investment Co., Ltd.
-Shanxi International Trust & Investment Co., Ltd.
-Fortune Trust Co., Ltd.
-Bridge Trust Co., Ltd.
-Zhongyuan Trust Co., Ltd.
-Union Trust Co., Ltd.
-Hunan Trust & Investment Co., Ltd.
-Anhui Guoyuan Trust and Investment Co., ltd.
-Northern International Trust & Investment Co., Ltd.
-Beijing International Trust and Investment Co., Ltd.
-Gansu Trust Co., Ltd.
-Jilin Province Trust & Investment Co., ltd.
-Jiangxi International Trust Co., Ltd.
-Goldern Harbour Trust Co., Ltd.
-Shenzhen International Trust & Investment Co., Ltd.
-Tianjin Trust and Investment Co., Ltd.
-Xi'an International Trust and Investment Co., Ltd.
-Western Trust & Investment Co., Ltd.
-The Trust Investment Corporation of Tiber Autonomous Region
-Xinjiang International Trust & Investment Co., Ltd.
-Chongqing International Trust and Investment Co., Ltd.
-Zhongtai Trust Co., Ltd.
-New Times Trust & Investment Co., Ltd.
-Beijing Huaxia Pawnshop Co., Ltd.
-Bao Rui Tong Pawn Shop
-Oriental Pawn Co., Ltd.
-Ningbo Dahongying Industry & Investment Co., Ltd.
-Jiangsu Jinteng Pawn Co., Ltd.
-Beijing Ruiyuan Pawn Co., Ltd,
-Shenyang Xinke Pawn Co., Ltd.
-Shenyang Jintong Pawn Co., Ltd.
-Anhui Huasheng Pawn Co., Ltd.
-Wuhan Huatai Pawn Co., Ltd.
-China Leasing Co., Ltd
-Jiangsu Financial Leasing Co., Ltd
-Shenzhen Financial Leasing Co., Ltd
-Zhejiang Leasing Co., Ltd
-International Far Eastern Leasing Co., Ltd
-Deutsche Leasing (China) Co., Ltd
-Beijing Zoomlion XinXing Construction Machinery Leasing Co., Ltd