Haitong Securities Co. Ltd. engages in the provision of securities and financial services. It operates through the following segments: Wealth Management, Investment Banking, Asset Management, Trading and Institution, Finance Lease, and Others. The Wealth Management segment includes brokering and dealing in securities and futures, investment consulting, wealth management as well as financial, services such as margin financing, security lending, and stock pledge. The Investment Banking segment offers sponsoring and underwriting services to enterprises and government clients for fund raising activities in equity and debt capital markets; and also financial consulting services for enterprises for corporate actions such as merger and assets restructuring services. The Asset Management segment consists of asset management, fund management, and private equity management to individual, corporate, and institutional clients. The Trading and Institution segment comprises stock sales and trading, prime brokerage, stock lending, and stock research in financial markets. The Finance Lease segment provides finance lease, operating lease, factoring, entrustment loans, and relevant consulting to individuals, enterprises, and government clients. The Others segment refers to the financial and information services to institutions clients, including warehouse receipts pledge service. The company was founded on August 30, 1988 and is headquartered in Shanghai, China.