Innovative business has a leading edge: abundant funds and comprehensive strength in the first group. On the whole, Haitong Securities has a relatively complete outline of securities finance holding group, and its business scope covers funds, futures and direct investment. The company's main operating indicators rank in the top three in the industry and are in the position of the first group. By the end of the third quarter of 20 10, Haitong Securities' own monetary fund was still as high as 23.6 billion yuan, and its strong capital scale will help the company to gain a leading position in the development of innovative business.

The strength of traditional business is good, and investment banks have achieved leap-forward development.

Haitong Securities' business development is relatively balanced, which has played a role in smoothing the periodicity of the industry to some extent. The market share of brokerage business has remained above 4%. Since the second quarter of 20 10, the downward trend of Haitong Securities' market share has been curbed and maintained a continuous upward trend. The low dependence on brokerage business can make the company suffer the impact of commission war lower than the industry average. The leap-forward development of investment banking is a bright spot, contributing 9% of the income. And has the comprehensive strength of large and small projects. Share-holding fund companies rank high in scale. In recent years, the income of share-holding fund companies has remained at around 7%, which has a great stabilizing effect on the company's performance.

The advantages of innovative business are obvious, and the transformation is expected to stand out.

The biggest highlight of the company comes from innovative businesses such as stock index futures and margin financing and securities lending. It is estimated that the performance contribution of 20 1 1 stock index futures business will reach 6%. In the future, with the subsequent marginal cost of futures subsidiaries will be gradually reduced, the contribution potential to performance will be gradually released. In terms of margin financing and securities lending business, margin financing and securities lending business is obviously better than other brokers, ranking first in market share of trading volume. The introduction of supporting measures such as refinancing and securities expansion is expected to improve the company's performance by 9%.