Fortis Haitong Investment Management Co.,Ltd (Fortis Haitong)

News & Announcements


	Fitch Upgrades Fortis Haitong's National Asset Manager Rating to 'M2+(chn)'(2008-05-05)
	Fitch Ratings-Beijing/Paris/Singapore-24 April 2008: Fitch Ratings has today upgraded FortisHaitong Investment Management Co. Ltd's (FHIM) National Asset Manager Rating to 'M2+(chn)' from 'M2(chn)'. The upgrade reflects FHIM's increasingly diversified business mix,seasoned management team, strong attention to corporate governance, and above-average earnings. Supported by a strong share of the pension market and investment advisory mandates, FHIM's increasingly diversified client base provides greater stability to AUM and cashflow than that of other local asset managers, which continue to be largely focused on the volatile retail segment.

	Fortis Haitong granted license for Segregated Account Business (March 26, 2008)
	In March 2008, Fortis Haitong was granted the license for “Segregated Account Business” by China Securities Regulatory Commission (CSRC). Fortis Haitong first initiated its investment advisory service since December 2004. On December 17, 2004, Fortis Investments launched a fund named Flexifund Equity China A (Also named as “Yangzi” Fund), which is domiciled in Luxembourg and sold to large institutional clients, while Fortis Haitong is its advisor. Moreover, In August 2005, Fortis Haitong was granted the license for “Qualified Investment Manager for EA Business” by Ministry of Labor and Social Security (MOLSS). By the end of December 2007, Fortis Haitong has totally signed 29 EA investment management contracts, which makes the company one of the leading players in the EA market. Now, Fortis Haitong holds almost every license.

	Fotis Haitong’s 2008 Annual Dinner (Feb 05, 2008)
	On Feb 02, 2008, Fortis Haitong hosted its annual dinner meeting in Shanghai. Mr Tian Rencan, CEO, gave a warm speech and reviewed performance of the house in 2007 and encouraged all the staff strive to obtain better achievements in 2008. Each department presented their fabulous entertaining programs. The atmosphere was active and pleasant coupled with laughter and talks.

	Fortis Haitong’s second VIP Salon (Feb 01, 2008)
	On Feb 1, 2008, Fortis Haitong hosted its second VIP Salon for its mutual funds’ investors. Investment Manager, Mr. Douglas Yang gave his thoughtful speeches to 32 VIP guests who attended the function. The main topic focused on “Investment Outlook on Global Market in 2008” Most of the attendants were generally satisfied with the recent performances of our funds, even facing about 20% market corrections in Chinese A share market. Fortis Haitong funds showed stable performance and lower volatility during this period. The second VIP Salon achieved its expected effects and was regarded as a good commencement for future similar activities.

	Fortis Haitong won approval to launch QDII fund (Dec 28, 2007)
	Fortis Haitong Investment Management Co., Ltd (hereafter referred to as “Fortis Haitong”) won approval to launch its first fund product under China's Qualified Domestic Institutional Investor (QDII) scheme. The fund (Fortis Haitong China Overseas Best Selection Securities Investment Fund) will mainly invest in China plays listed overseas. Back in August, Fortis Haitong won its QDII license from CSRC to invest abroad under the QDII scheme.

	Fortis Haitong Hosted its first VIP Salon (Dec 27, 2007)
	On Dec 27, 2007, Fortis Haitong hosted its first VIP Salon for mutual funds’ investors at Super Grand Mall in Pudong, Shanghai. Mr. Derson Dai, Manager for Yangzi Fund and Small Cap Fund, together with Mr Qiang Zhao, Property Sector Analyst from Everbright Securities Co., Ltd, gave their thoughtful speeches with about 15 VIP investors attend the function. The main topics for the first VIP Salon were “Outlook on Real Estate Market in 2008” as well as “Investment Strategies for property stocks in 2008”. The attendant investors showed great interest and shared viewpoints friendly with Fortis Haitong’s investment philosophy and its investment style. Some clients proposed many suggestive ideas and advices for client service. Meanwhile, most of the VIP investors identified with Fortis Haitong’s investment methods, philosophy as well as styles. The first VIP Salon achieved its expected effects and was regarded as a good commencement for future similar activities. It is planned to launch more investor communication activities in 2008 and we earnestly hope Fortis Haitong will make further progress through these interaction between the fund house and clients.

	Fortis Haitong won the bid for PetroChina’s EA (Jan 22, 2007)
	Fortis Haitong was selected as the investment manager for PetroChina’s EA. After several rounds’ due diligence conducted jointly by PetroChina and Mercer consultant, Fortis Haitong successfully won the bid for PetroChina’s EA. The total EA account asset amounts to 25 Billion RMB and Fortis Haitong is to manage at one Billion RMB. It is among one of the seven houses to be finally selected which were granted the license of “Qualified Investment Manager for EA Business”.

	The “2007 China Economic Market Review and Prospects” (Nov 28, 2007)
	Fortis Haitong organized the “2007 China Economic Market’s Review and Prospects” forum on November 28, 2007 in cooperation with Everbright Securities Co.,Ltd.. The main topics focus on the "2007 China Economic Market ’s performance review" and "2008 China Economic Market’s Prospects". Many experts and scholars discussed such topics like “The Analysis of Macro Economic situation in 2007”, “Causes and Countermeasures Concerning Recent Price Rise”, “Social Security System Reform and Labor Market” and “Influence of Sub-prime Mortgage Loan Crisis on China’s Economy”.

	The 5th Beijing & Shanghai Money Fair Exposition 2007 (Nov 17, 2007)
	Fortis Haitong took part in the 5th Beijing & Shanghai Money Fair Exposition during the period of November 8th to 11th in Beijing and 17th -19th in Shanghai respectively. Since its inception 4 years ago, the annual “Shanghai Money Fair Exposition” has received tremendous response from both the government authority and the general public. It is recognized by the Beijing and Shanghai government as one of the top personal investment expositions ever held and has become Shanghai’s annual investment “extravaganza” and a symbol of its raising global economy. This year event has managed to attract prominent financial institutions that are keen to showcase their new and innovative products and services to the public. The Expo serves as an ideal forum of dialogue between the financial institutions and investors. Companies will be able to interact directly with consumers to understand their financial concerns and needs while creating the brand image. On the other hand, investors will also be able to learn about the new products and services on the market offered by the different financial institutions.

	Investment Advisor for a QDII product (Nov 02, 2007)
	In October China Everbright Bank launched its first QDII product which Fortis Haitong and Fortis Investments serve as its investment advisor for its domestic and overseas investment respectively. The product is a combination of A-shares exposure for domestic investment and H-share exposure under QDII scheme. Subscriptions were closed on 2 November with more than RMB 1 billion (about EUR 100 million) raised.

	Chinese Equities Research Trip (2007-09-23)
	A number of European and Asian clients took part in a research trip to Shanghai and Beijing between September 18th –22nd. After an introduction from Fortis Haitong’s CEO Tian Ren Can, the group visited the Data Centralized Processing Centre of Bank of Communications (Shanghai), the Blue Mountain Villa by Vanke (Shanghai), the headquarter of ICBC (Beijing) and China Petroleum & Chemical Corporations (Beijing).


	Fortis Haitong Investment Management wins approval to QDII(2007-08-24)
	Fortis Haitong Investment Management has won approval to invest abroad under China's Qualified Domestic Institutional Investor (QDII) scheme. In June, the China Securities Regulatory Commission (CSRC) issued new rules allowing brokerages and fund management companies to use client funds to invest abroad in fixed income, stocks and other financial derivatives, starting on July 5. Five other fund managers, including two joint ventures with Deutsche Bank and JP Morgan Chase, have been granted QDII licenses.


	Fortis Haitong Investment Management ‘M2 (Chn)’ rating reaffirmed (2007-08-03)
	Fitch Ratings has reaffirmed its ‘M2 (Chn)’ National Asset Manager Rating for Fortis Haitong Investment Management. Fitch recently implemented a new rating scale for asset managers, and this rating can be seen as a reaffirmation of our old ‘AM2’award. According to Fitch, an M2 rating is consistent with ‘asset managers that have earned high scores in most areas of assessment. Such organizations are generally stable, well-capitalised investment management companies with a track record of profitability’. Fitch stated that the rating also reflects the quality of Fortis Haitong’s investment processes and the experience of its investment team, and that its risk management framework is solid compared to its peers.


	Fortis Haitong launches its new logo (2007-06-26)
	On June 26th, Fortis Haitong Investment Management Co., Ltd launched its new corporate logo during a special ceremony at Shanghai Xintiandi, a fabulous venue imbued with the city’s historical and cultural legacies where “yesterday meets tomorrow in Shanghai today”. Tian Ren Can, CEO of Fortis Haitong, stated in the ceremony that: “the launch of our new logo not only symbolises an important conversion of Fortis Haitong’s brand strategy, but also represents our commitment to provide better service to our clients.” At the same event, Fortis Haitong also announced that it will be setting up an “Investor Education & Research Centre” in co-operation with Shanghai Jiao Tong University, one of the top 10 Chinese universities. It is the first research centre in China to be jointly set up by an asset management company and a domestic university. Shanghai Jiao Tong University will support Fortis Haitong’s research on investors’ behaviour and risk preferences, while Fortis Haitong will provide intern opportunities for some talented students from the university.


	Chinese Equities Research Trip (2007-06-08)
	A number of European and Asian clients from Fortis Private Bank took part in a research trip to Shanghai, Hong Kong and the Guangdong region between June 5th - 8th. After an introduction from Fortis Haitong’s CEO Tian Ren Can, a chance to take the temperature of the market and hear the investment team’s latest outlooks, the group visited companies around Shanghai, taking in a steelworks, a bank and the Stock Exchange.


	First seminar on QDII in China (2007-06-08)
	On June 8th, Fortis Investments and Fortis Haitong jointly organized a seminar focusing on overseas asset management in Beijing. Around 70 participants from banks, insurance companies and other institutions, as well as representatives from the government and regulators listened to a variety of speakers. New regulations for QDII bring with them opportunities for Chinese investors to place part of their assets overseas. The challenge for the seminar was to convince the Chinese to start investing outside of their domestic equity market which continues to generate high returns, while the Chinese RMB is set to continue its appreciation over the next couple of years.