Haitong Securities Co. Ltd. engages in the provision of securities and financial services. It focuses on securities brokerage, investment banking, asset management, equity investment, fixed income business, innovation business, financial leasing, and oversea business. Its products include wealth management, corporate finance, futures, equity financing, bond financing, equity investing, fixed income business, securities finance, and fund custody service. It operates through the following segments: Brokerage, Asset Management, Proprietary Trading, Investment Banking, Direct Investment, Headquarters & Other, Finance Lease and Overseas Operations. The Brokerage segment engages in the trading of equities, bonds, funds, and warrants, as well as futures on behalf of the customers, and also providing margin financing and securities lending services. The Assets Management segment offers traditional asset management products and services, private equity asset management business through the Company and qualified subsidiaries in mainland China. The Proprietary Trading segment engages in trading of equities, bonds, funds, derivative and other financial products. The Investment Banking segment provides corporate finance services, including equity underwriting, debt underwriting and financial advisory services to institutional clients. The Direct Investment segment makes direct equity investments in private companies and earns capital gains by exiting from these private equity investments through IPOs or share sales, or receives dividends from these portfolio companies. The Headquarters and Others segment mainly represents head office operations, investment holding as well as interest income and interest expense incurred for general working capital purpose. The Finance Lease segment mainly represents the finance lease operation in mainland China. The Overseas Operations segment mainly represents the business operation of overseas subsidiaries of the Company, which mainly engage in broking, margin financing, corporate advisory, placing and underwriting, trading and investment and financial planning and advisory services and banking services. The company was founded on August 30, 1988 and is headquartered in Shanghai, China.