no. Huatai Baoxing Fund Management Co., Ltd. was established on July 26th, 216. It is a fund management company approved by China Securities Regulatory Commission. Huatai Baoxing Fund Management Co., Ltd. is a joint-stock company, with many state-owned enterprises and foreign companies. Huatai Insurance is the major shareholder, with a shareholding ratio of 85%, which is not a state-owned enterprise.