Alice Li

Founded in 1969, HSBC Securities (U.S.A.) Inc. is an SEC-registered brokerage firm and registered futures commission merchant located in New York City. The firm is a wholly-owned subsidiary of HSBC North America Holdings, Inc. and their ultimate parent is HSBC Holdings Plc. (NYSE: HBC). HSBC Securities (U.S.A.) is a member of FINRA, the NYSE and the SIPC. Their securities and annuity products are provided by registered representatives and insurance agents of HSBC Securities (U.S.A.). In California, HSBC Securities (U.S.A.) conducts insurance business as HSBC Securities Insurance Services. Insurance products are offered through insurance agents of HSBC Insurance Agency (U.S.A.) Inc., a wholly-owned subsidiary of HSBC Bank U.S.A. NA and an indirectly wholly-owned subsidiary of HSBC Holdings plc. The company also engages in investment banking underwriting, dealing and brokering of debt and equity securities and futures contracts and is a primary dealer in U.S. Government and federal agency securities.

FIL Investment Advisors (UK) Ltd. (FIA UK) is a Great Britain-based fund management firm headquartered in Tadworth, Surrey. Founded in 1984, the firm is a wholly-owned subsidiary of FIL Holdings (UK) Limited, which in turn is a wholly-owned subsidiary of FIL Ltd. in Bermuda. FIA UK provides a range of global investment products and services to institutional accounts, mutual funds and other pooled investment vehicles.

FIL Investments (Japan) Ltd. (FIJ) is the wholly-owned investment management subsidiary of FIL Japan Holdings KK, ultimately held by FIL Ltd., a Bermuda company that serves as the holding company for the FIL group of companies. Headquartered in Tokyo, FIJ was founded in 1986 and provides discretionary investment advisory services to Japanese and international institutional accounts, mutual funds and other pooled investment vehicles.

AMP Capital Investors Ltd. (AMPCI) is the wholly-owned investment management subsidiary of AMP Capital Holdings Ltd., ultimately held by financial group AMP Ltd. (ASX: AMP) in Australia. Founded in 1849 as the non-profit Australian Mutual Provident Society, the group is an Australian superannuation provider and asset manager. The firm is headquartered in Sydney with additional offices in New Zealand, Dubai, China, Hong Kong, India, Ireland, Japan, Luxembourg, UK and the US. They were one of the first to invest in infrastructure when they participated in the financing of the Sydney Harbour Tunnel in 1988. AMPCI is a socially responsible investor which manages a range of unlisted and listed infrastructure investments in Asia, Europe, North America, Australia and New Zealand as well as life insurance, institutional and mutual funds for the AMP group.

Goldman Sachs (Singapore) Pte. (Goldman Sachs-Singapore) is the brokerage subsidiary of New York-based Goldman Sachs Group, Inc. (NYSE: GS), a global investment bank that offers financial services to corporations, institutions, governments and high-net worth individuals. Headquartered in Singapore, the firm opened in 1989 and is the regional hub for the group's activities in Southeast Asia, particularly asset management and energy trading. Goldman Sachs-Singapore provides a full range of corporate finance and capital markets products and services across a wide range of operating areas. Business functions include capital structuring advisory, and security services.

Founded in 1985, Barclays Capital Asia Ltd. is a Chinese brokerage services company. Part of Barclays PLC, the company is based in Hong Kong, Hong Kong.

Atlantis Investment Management Ltd. (Hong Kong) (Atlantis HK) is the Hong Kong-based asset management subsidiary of Atlantis Capital Holdings Ltd., an investment company headquartered in Cayman Island. Atlantis HK was founded in 1994 and offers a wide range of services for global institutional investors through the Atlantis funds and via segregated mandates.

BofA Securities Japan Co., Ltd. (BofA Securities Japan) is the wholly-owned Japanese brokerage subsidiary of Merrill Lynch International, Inc., which is ultimately owned by Bank of America Corp. (NYSE: BAC). Founded in 1998, the firm was formerly known as Merrill Lynch Japan Securities Co., Ltd. (MLJS) and changed their name to BofA Securities Co., Ltd. in line with grobal re-branding from BofA Merrill Lynch to BofA in 2020. They subsequently became BofA Securities Japan Co., Ltd. Headquartered in Tokyo, BofA Securities Japan provides stock and bond trading, capital markets, investment banking and other advisory services to corporate clients, financial institutions and government agencies.

Merrill Lynch Far East Ltd. is the stockbroking subsidiary of Merrill Lynch HK Services Ltd., ultimately owned by Bank of America Corp. (NYSE: BAC) in the US. Headquartered in Hong Kong, the firm was founded in 2003 and offers a broad range of brokerage services to institutional investors.

CLSA Ltd. is the Hong Kong-based institutional brokerage subsidiary of CITIC Securities Co., Ltd. (SSE: 600030, SEHK: 6030), a full-service investment bank headquartered in China. Founded in 1986, the firm provides sales and execution services to global investors and corporates.

Macquarie Capital Ltd. is the Hong Kong-based securities brokerage arm of Macquarie Group Ltd. (ASX: MQG), a global financial services group headquartered in Australia. Macquarie Capital offers brokerage services to various investors.

Nomura International (Hong Kong) Ltd. (Nomura International HK) is the brokerage subsidiary of Nomura Asia Pacific Holdings Co. Ltd., which is ultimately-owned by Nomura Holdings, Inc. (TYO: 8604) in Japan. Headquartered in Hong Kong, the firm’s global markets team offers research, sales and trading of global securities to a diverse range of clients globally, including institutional investors, financial institutions, corporates, financial sponsors and government entities. Nomura International HK operates a truly integrated, cross-asset platform which includes research, sales and trading in equities, currencies, rates and credit in cash and derivative products.

HSBC Bank Plc (Broker) (HSBC Bank-Broker) is the broker/dealer division of HSBC Bank Plc, which is owned by HSBC Holdings Plc (LON: HSBA; NYSE: HSBC) in Great Britain. Headquartered in London, HSBC Bank-Broker was founded in 1880 and offers bespoke brokerage services across every major asset class for their corporate and institutional clients.

Kingsway Financial Services Group Ltd. (Research Firm) (Kingsway-Research) is the investment research division of Kingsway Financial Services Group Ltd., ultimately owned by Sunwah Kingsway Capital Holdings Ltd. (HKG: 0188), a financial services company headquartered in Hong Kong. Kingsway-Research provides research with a focus on the Hong Kong and Chinese markets to individual clients, corporate clients as well as institutional clients. The firm delivers high quality reports, actively looks for undervalued/under-researched situations with considerable upside potential. They focus on regional economics and covers small to mid-cap companies.

KSL Advisors LLC ( KSL Advisors) is a private equity firm founded in 2005 by Mike S. Shannon and Eric C. Resnick. The firm is headquartered in Denver, Colorado.

Shanghai Greenwoods Asset Management Ltd. (Greenwoods-China) is the China-based alternative investment management subsidiary of Greenwoods Asset Management Holdings Ltd., ultimately held by the Jiang family's Unique Element Corp. in the British Virgin Islands. The firm was founded by George Jiang in 2004. Headquartered in Shanghai, Greenwoods-China manages funds and managed accounts that invest in Greater China equities or A-shares for global investors. Their flagship product is the Golden China Fund.

Credit Suisse (Singapore) Ltd. (Credit Suisse-Singapore) is the Singapore-based subsidiary of Credit Suisse AG, itself a subsidiary of Credit Suisse Group (VX: CSGN; ADR: CS) in Switzerland. Founded in 1971, the firm provides investment banking, private banking and asset management services to a range of corporate and institutional clients and high-net worth individuals. Credit Suisse-Singapore is headquartered in Singapore City.

Part of Deutsche Bank AG, Deutsche Bank AG (Hong Kong) is a financial institution that has been connecting worlds for 65 years. The company is based in Hong Kong, Hong Kong, and serves as the hub for corporate and commercial clients. The company's asset management division, DWS, is a market leader in Hong Kong with a broad product offering. Its corporate bank division is an established market leader in transaction banking, with a presence in 60 countries, including an extensive footprint in HK. The investment bank provides strategic advice to corporate and institutional clients, focusing on the bank’s traditional strengths in financing, advisory, fixed income, and currencies, together with a focused equity capital markets business. The private bank focuses on private customers across all segments as well as business clients, and in HK, this division is represented by a highly competitive wealth manager. The Chinese company was founded in 1958, and its CEO is Werner Steinmüller.

Hang Seng Insurance Co. Ltd. provides insurance services. The company is headquartered in Hong Kong.

Hang Seng Bank China Ltd. is engaged in the provision of banking services, such as commercial, corporate and institutional banking, and treasury services. It also deals with personal wealth management. The company was founded on May 28, 2007 and is headquartered in Shanghai, China.

Zhong Ou Asset Management Co., Ltd. (Zhong Ou AM) is a fund management firm headquartered in Shanghai, China. Formerly known as Lombarda China Fund Management Co., Ltd., the firm was founded in 2006 as a joint venture between UBI, Guodu Securities Co., Ltd., China Private Ventures (Beijing) Ltd. and WinnerKey Investment Co., Ltd. Zhong Ou AM manages mutual funds and provides financial advisory services to both Chinese and global institutional, as well as retail investors.

China International Capital Corp. (Hong Kong) Securities Ltd. (CICC HK) is a broker/dealer headquartered in Hong Kong. The firm was founded in 1998 and is a subsidiary of China International Capital Corp. (Hong Kong) Ltd., which is owned by China International Capital Corp. Ltd. (HKG: 3908; OTCMKTS: CNICF) in China. CICC HK provides comprehensive sales and trading as well as research services to global institutional investors.

Hong Kong Monetary Authority (HKMA) is the government authority in Hong Kong which was established in 1993 by merging the Office of the Exchange Fund with the Office of the Commissioner of Banking. The HKMA reports to the Financial Secretary and is responsible for maintaining Hong Kong's monetary and banking stability. Based in Hong Kong, the Authority aims to keep the Hong Kong dollar stable by managing the Exchange Fund (Hong Kong's official reserves) in a sound and effective way, to promote the safety of Hong Kong's banking system and to develop Hong Kong's financial infrastructure to enable money to flow smoothly, freely and without obstruction. The Exchange Fund's statutory roles include affecting the exchange value of the currency of Hong Kong and maintaining the stability and integrity of the monetary and financial systems, with a view to maintaining Hong Kong as an international financial center. The HKMA manages the Exchange Fund, ensuring that the fund meets its statutory roles and actively managing the fund's assets, mainly held in the form of foreign denominated interest-bearing instruments and equities. To meet the operational needs of the Government, part of the Exchange Fund is also held in Hong Kong dollar denominated securities. The Exchange Fund is managed as two distinct portfolios. The first is a Backing Portfolio to ensure that the monetary base related to the Currency Board operations is fully backed by highly liquid, short-term U.S. dollar denominated interest-bearing securities. The second is an Investment Portfolio to preserve the fund's value for future generations in Hong Kong.

Morgan Stanley Asia Ltd. (MSA) is a broker/dealer headquartered in Hong Kong. The firm was founded in 1987 and is a subsidiary of Morgan Stanley (NYSE: MS) in the US. MSA provides institutional securities such as equities, fixed income, derivatives and research.

Jefferies Hong Kong Ltd. is a securities brokerage firm headquartered in Hong Kong. The firm is a subsidiary of Jefferies Group LLC, which is owned by Jefferies Financial Group, Inc. (NYSE: JEF) in the US. Jefferies Hong Kong is a client-focused full-service sales, trading and capital markets platform across all equity and fixed income securities. They provide an array of trading and execution services for their clients.

BOCI Research Ltd. is an investment research firm headquartered in Hong Kong. The firm was founded in 1998 and is a subsidiary of BOCI Asia Ltd., ultimately held by Chinese government’s China Investment Corp. BOCI Research primarily provides research reports and analysis on China with a focus on telecommunications, property, media, retail, technology, energy, oil and gas, metals and mining, utilities, financials, and transport and logistics sectors.

ICBC International Research Ltd. (ICBC Research) is a broker/dealer subsidiary of ICBC International Holdings Ltd., which is owned by Industrial & Commercial Bank of China Ltd. (SHA: 601398). ICBC Research provides research reports to international investors. The firm is headquartered in Hong Kong.

AMP Capital Asia Ltd. is the asset management subsidiary of AMP Capital Investors Ltd., ultimately held by AMP Ltd. (ASX: AMP) in Australia. Headquartered in Hong Kong, the firm was founded in 2009 and provides investment solutions to individual and institutional clients.

Acorus Capital Group (Acorus Capital) is a private equity firm founded in 2011 by Maxine Barnett. The firm is headquartered in Hong Kong.

Atlantis Investment Management Ltd. (Private Equity) is a private equity arm of Atlantis Investment Management Ltd founded in 1994. Headquartered in Hong Kong.

Highview Capital LLC (Highview Capital) is a private equity firm founded in 2016 by Ryan McCarthy and David Cohen. The firm is headquartered in Los Angeles, California.

AXA IM Hong Kong Ltd. (AXA IM HK) is an investment management firm headquartered in Hong Kong. The firm is a subsidiary of AXA Investment Managers SA, owned by AXA SA (EPA: CS) in France. AXA IM HK offers a variety of funds to target specific financial goals for private investors. Institutional clients can benefit from bespoke consultancy and strategies tailored to their needs.

DB UK Bank Ltd. (Investment Management) (DBUKB-IM) is the UK-based investment management division of DB UK Bank Ltd., which is owned by Deutsche Bank AG (ETR: DBK) in Germany. The firm was founded in 1936 and formerly known as Morgan, Grenfell & Co. Ltd. Headquartered in London, DBUKB-IM provides a wide range of retail, corporate and investment banking products as well as asset and wealth management for private individuals and companies.