Huatai Securities is one of the first sponsors of registered securities issuance. In the development process of more than ten years, we have adhered to the business philosophy of customer-centered and market-oriented, and created excellent business performance, which has been highly recognized by the market and regulatory authorities. In 2006, 2007 and 2008, it was awarded the title of "Excellent Sponsor" by Shenzhen Stock Exchange for three consecutive years. Fixed income business is one of the traditional core businesses of Huatai Securities. After years of development, it has formed a comprehensive fixed income business integrating bond issuance and underwriting, bond trading and bond research. He is a member of the national debt underwriting syndicate of the Ministry of Finance on 201KLOC-0/2009, and a primary dealer of Shanghai Stock Exchange. It underwrites the first order in the capital market-2007 long-term bonds and China bonds.