As an investment manager in Asia's financial center, we have successfully united Morgan Stanley and China Construction Bank to found China's first joint-venture investment bank,
China International Capital Corporation in the 1990s. We also partnered with China Cinda Asset Management Corporation, Jiangsu Provincial Government and other esteemed organizations in various business ventures since early 2000s. Leveraging on the Group's successful experience in developing the renowned Discovery Bay in Hong Kong, we are taking up the lead in substantial property development projects along China's Yangtze Delta Metropolitan Area and other Asian cities. We also collaborate with affiliates and industry partners to explore other opportunities while continue to make strategic investments that create long-term values.