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China Everbright Bank (hereafter 'the Bank’) was established in August, 1992. For over twenty years, the Bank has been implementing a client-centered and market –oriented strategy in a prudent manner. It closely keeps up with the restructuring and development of the Chinese economy and the financial industry, and continuously reforms and updates itself, providing quality financial services to all its retail and corporate clients. The Bank has made outstanding achievements through the years and has cultivated a strong competitive advantage in its corporate, treasury, investment banking, wealth management and mortgage business.
The Bank launched a series of financial restructuring in 2007, through which its overall capital strength was enhanced substantially. By the end of 2008, the Bank’s total assets reached RMB843 billion, with total loans of RMB468.9 billion. The total liabilities stood at RMB809.7 billion, with corporate and savings deposits of RMB619.1 billion. The capital adequacy ratio is above 9.31% and the annual operating profit and net profit were RMB7.93 billion and RMB7.32 billion respectively.
Established in 1996, Everbright Securities Co., Ltd. (hereafter 'the Company’) was a nationwide comprehensive joint-stock security company, invested and held by China Everbright Group. For thirteen years, the Company has been implementing a business value of promoting customers’ values and promising employees’ future, and a working philosophy of 'Honesty, Professionalism, Excellence and Sharing’. The company has been active in involving itself in the capital market at home and aboard, and all kinds of its business developed rapidly. Besides consolidating the advantages of traditional businesses, such as securities underwriting, securities brokers, assets management, securities investment, fund management, finance consulting and investment advisory, the Company endeavors to develop innovative businesses, such as wealth management, warrants, assets securitization, margin trading and stock index futures. Its business scale and major operational indicators are ranked top among its peers.
Everbright Securities Co.,Ltd. is one of the first three piloting innovative securities companies approved by China Securities Regulatory Commission, In 2008, its total assets reached RMB33.2 billion, with the annual operating revenue of RMB3.69 billion and the net profit of RMB1.45 billion.
China Everbright Limited ("Everbright Limited", stock code: 165), with China Everbright Group as its parent company, was established in 1997 as a diversified financial conglomerate focusing on direct investment, assets management and assets investment, whilst developing fee-based businesses including investment banking (corporate financing) and brokerage services (wealth management).
Over the past 12 years, Everbright Limited has developed solid market bases in various sectors and provided diversified services for its clients. The company has set up a securities brokerage, wealth management branches in North Point and Hung Hom in Hong Kong, and branches in Shenzhen and Beijing. Everbright Limited is the second largest shareholder of the Mainland-based Everbright Securities Co., Ltd. and the third largest shareholder of China Everbright Bank.
By leveraging the substantial financial strength of the company itself, and the position and influence of its parent company and affiliated companies in the financial industry in China, Everbright Limited has weaved huge social and business networks in Hong Kong and the Mainland. Following the company's service philosophy, the company will endeavor to provide convenient, professional and practical solutions in the spirit of "Partnership, Innovation, Pragmaticism", to help clients create wealth and value with ease. In 2008, the company’s net profit was HKD1.015 billion and EPS was HKD0.64.
Sun Life Everbright Life Insurance Company (Sun Life) was established on April 22nd 2002. It is jointly organized by Sun Life Financial Group and China Everbright Group and headquartered in Tianjin. It is one of the first life insurance joint ventures in Northern China. Sun Life has achieved fast and stable growth since its establishment. The company has set up branches in tier-one provinces and cities, including Tianjin, Beijing, Zhejiang, Jiangsu, Shanghai, Guangdong and Chongqing. The network covers the Circum Bohai Sea Region, Yangtze River Delta, Pearl River Delta and the central-western China. It has also developed agent selling, sales through banks, group insurance, high-end wealth management, telephone-sales and other sales channels.
Sun Life follows the goal of "long-term development and contribution to China", and the company core values are "Integrity, Customer-focus, Excellence and Value Creation". Sun Life steps forward very aggressively and develops its strategic layout in China continuously. Sun Life aims at helping more clients to achieve lifetime financial security. The total gross premium was RMB1.45 billion for the year 2008.
The major business activities of Everbright Financial Holding Asset Management Company include investments in industrial funds and privately raised funds, investments in enterprises’ stocks, and advisory services for mergers and acquisitions, bond financing, IPO, governmental financing platform, etc.
The objective of the company is to form a refined group of efficient experts by means of outstanding corporate culture and effective incentive mechanism, and to build a respectful professional asset management company having high market status and great influence.
The company has fostered the corporate culture of Four Responsibilities –being responsible for clients, staff, shareholders and the society. Also, a long-term incentive mechanism which fully exploits talents and expertise has been designed based on the features of the industry as well as the four principles of "human-orientated, positions and responsibilities matched, benefits shared, and risks partaken".Moreover, Remuneration Committee, Investment Decision Committee and Risk Management Committee have been established according to the management requirements and business features of the company. Mutual assistance and proper checks-and-balances exist between the front, middle and backstage departments. The organizational structure with definite duties and clear division of labor is coordinated and highly efficient.
Following the Scientific Outlook on Development and the established working policies, the company will act as a striving enterprising pioneer, integrate internal financial resources and take good advantage of internal cooperation. By exploring the complementary strengths to achieve comprehensive competitive edge, the company will make a contribution to the reform and development of the China Everbright Group.
Everbright Pramerica, headquartered in Shanghai, was established in April 2004. As a joint venture between Everbright Securities Co., Ltd., a subsidiary of China Everbright Group and the investment management business of United States-based Prudential Financial, Inc (PFI), Everbright Pramerica has a registered capital of RMB160 million with 67 percent of the shares owned by Everbright Securities Co., Ltd. and 33 percent by PFI, the American partner. Everbright Pramerica strives to help investors manage their wealth.
Competitive edge:
Everbright Futures Co., Ltd is a wholly-owned subsidiary of Everbright Securities Co., Ltd. with a registered capital of RMB150 million. It has acquired all domestic futures exchange membership seats. Since its inception, the company has maintained prudent performance, disciplined management, professional services and good asset quality, enjoying industry-wide recognition. Everbright Futures is headquartered in Shanghai and has set up 9 sales offices in Shanghai, Beijing, Dalian, Fuzhou, Ningbo, Zhengzhou, Qingdao, Changsha, and Tianjin. It plans to open approximately 20 domestic sales offices. Leveraging the nation-wide network of Everbright Securities, Everbright Futures is pursuing an all-dimensional development in financial futures, commodity futures as well as other innovative businesses. Everbright Futures is aiming to expanding its network to cover every region, and to become the best choice for investors, regardless of when and where, providing the services they need.
Everbright Futures adheres to the business philosophy of "professional service, trustworthy management, value creation, and pursuit of excellence", relying on a team that is rich in experience, professional expertise and efficiency and is always investor-oriented, providing professional and efficient investment advice with good faith. Everbright Futures harbors a spirit of "enhancing value for customers, and lifting the career for employees," and is dedicated to adding values to investors, employees, and its shareholders, and to the society as a whole.
