AVERTING RISKS WHILE PURSUING VALUE MAXIMIZATION

A distinctive commercial bank

Since its creation ten years ago, China Everbright Bank has retained an assets growth of more than 35 per cent annually, with its gross assets reaching RMB 320 billion yuan at the end of November 2002, including RMB 53.6 billion yuan balance of bond assets.

An active market participant

As an active participant in China's money market, China Everbright Bank is a member of the underwriting syndicate of treasury bonds and financial bonds, a primary dealer of open market operations, and offers two-way quotations in the interbank bond market. It has also acquired authorization for bond settlement agency business. In recent years, the Bank has been involved in money market repo and lending totaling more than RMB 500 billion yuan and boasts a large base of financial and non-financial agency customers. At present, its balance of assets operating in the capital market at home and abroad has exceeded RMB 80 billion yuan.

Growing with China’money market

2002 witnessed a rapid development of China Everbright Bank. The Bank stepped up its investment in bonds and participated actively in repo and bond transactions on the secondary market. In the business of repo and credit lending, the Bank spares no efforts to enlarge its client base and cooperate with them in various forms, including bond distribution, bond transaction, pledged financing and credit lending.