Xiao Peng Li

Operates as a national commercial bank

Operates as an investment holding company, which engages in ports operation, bonded logistics and cold chain operations, property development and investment

Provides corporate and personal banking & treasury services

Provide port operations, cargo handling and investment services

Functions as a College/University

Operates ports and provides shipping & logistics services

Functions as an investment holding company through the subsidiaries provides investment, banking and technology services

CCFAMC-IM primarily generates commission and fee income, as well as investment income, which enhances the overall profitability and improves the business and income structures of the Group.

ICBC UBS is an active, long-term manager which follows a value-oriented investment approach. They construct diversified portfolios invested in money market instruments, bonds and domestic equity. Their products include a Chinese equity fund and a fixed-income fund. The bulk of the assets in the bond fund are invested in the Chinese fixed-income market, complemented with A-share IPOs on the primary market. The firm employs a multi-step bottom-up securities selection process. Stocks are selected according to criteria such as performance, competitive position, and market share. Research is performed in-house as well as shared with Crédit Suisse. Investment decisions are taken by an investment committee.