Zhi Hui Xiang

Everbright Securities Asset Management Co., Ltd. (Everbright AM) is the asset management subsidiary of Everbright Securities Co., Ltd. (SHA: 601788) in China. Headquartered in Shanghai, Everbright AM was founded in 2012 and provides asset management services to individual and institutional investors.

SWS Research Co., Ltd. is the investment research subsidiary of Shenwan Hongyuan Securities Co., Ltd., which is owned by Shenwan Hongyuan Group Co., Ltd. (SHE: 000166) in China. Headquartered in Shanghai, the firm was founded in 1992 to offer a wide range of products and services to global investors who want to invest in Chinese equity market. SWS Research provides clients with securities research service that covers over 500 key stocks in Asian market, as well as economics, strategy, bond, fund and derivatives research. Their clients include almost all major domestic institutional investors such as mutual funds, insurance companies, banks and trusts. They also serve QFII and other overseas institutional investors.