2021 was an extraordinary year. We celebrated the 100th anniversary of the Founding of the Communist Party of China, achieved the first centenary goal of building a moderately prosperous society in all respects, and set foot on a new journey to reaching the second centenary goal of building a great modern socialist country. China fought against the unprecedented changes and the pandemic, spared no efforts to accomplish the challenging tasks of reform and development, and strived to safeguard the sustainable and healthy development of the economy and society. The capital market reform went further based on the principles of “rules establishment, non-interference and zero tolerance”, the fundamental rules were gradually in place, the multi-layer capital market further improved, and the ability to prevent and dissolve major risks kept enhancing. The capital market played a better role in supporting technology innovation as well as the transformation and upgrading of the real economy.

2021 was the first year of the 14th Five-Year Plan. Following Xi Jinping’s thought on socialism with Chinese characteristics for a new era, Haitong Securities insisted on fitting in the new development stage, comprehensively implemented the new development philosophy, actively served the new development landscape, ran various businesses in a steady and orderly manner, and maintained sound development momentum. Haitong Securities kept ranking among the top in terms of total assets, net assets, revenue and net profits, making a good start for the 14th five-year period. Haitong Securities always focused on serving the national strategies and the real economy, expanded vertically on the service value chains and built a client ecosystem. It further expanded its brand advantage in the integrated circuit and bio-pharmaceutical fields and kept expanding its industry coverage and influence for the investment banking business; its PE funds invested more in new energy industries, contributed to the achievement of the “dual carbon” goals and saw a significant increase in the investment and IPO projects; it strongly advanced the transformation of its wealth management business, kept improving its ability to serve core clients and distribute products, kept grasping the opportunities in the asset management market, and achieved substantial growth in AUM and income; it kept improving the investment services to institutional clients; it maintained the leading position of Haitong International and opened the Macau branch of Haitong Bank as a result of an effort to overcome the adverse impact of the overseas pandemic; and it deeply integrated CPC construction and its business management by actively taking part in the celebration of the 100th anniversary of the founding of CPC, learning CPC history and building corporate culture.

The tide is rising, and the weather is changing. In 2022, Haitong Securities will deeply study and understand the spirit of the 6th Plenary Session of the 19th CPC Central Committee and the Central Economic Work Conference, enhance its political stance, carry forward the great CPC building spirit, face the changes with a broad view, and transform the leadership, fight capacity and cohesion of the CPC into the strong momentum and power source of its quality development. Haitong Securities will keep serving the real economy in all aspects with a focus on the national strategies, consolidate its foundation and spare no efforts to make progress to welcome the 20th CPC National Congress with excellent performance!