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6837 2015 12 31 2015 12 31 2015 (www.hkexnews.hk) (www.htsec.com) H2015 2016 3 30 *

3 8 23 28 62 84 92 93 129 160 170 171 172

13 11 2015 12 31AH11,501,700,000AH 104.505,175,765,000.00 14,655,043,372.86 2

A 1.00 H 1.00 Haitong Bank, S.A. 3

665 4

IPO QFII 2015 1 12015 12 31 RQFII 571 5

6

2015 8 242015 11 262015 9 10 [2015]73 2015 6 2015 7 20%15044.57 ETF A 7

Haitong Securities Co., Ltd. Haitong Securities 11,501,700,000.00 9,584,721,180.00 85,521,155,141.81 37,110,256,311.66 2015 5 29H 9,584,721,18011,501,700,000 11,501,700,000.00 1 2 3 4 5 6 7 8 9 [2001]3 [2001]819 [2001]306 ICP 020694 [2002]090 [2002]076 (SC201014) [2005]079 (Z-007) 8

10 [2005]173 11 [2006]3 12 [2007]86 13 (2007.08) 14 [2008]146 15 [2008]22 16 [2008]479[2010]122 17 [2008]421 18 [2009]302 19 [2009]1 20 [2010]315 21 [2010]372 22 (2011.08) 23 [2010]070 24 [2011]237 25 [2011]512[2011]37 26 [2011]1821 27 [2011]585 28 [2012]686 29 [2012]825 30 [2012]113 31 [2012]561 32 (SC201307) 33 [2013]407[2014]1551 34 [2013]180 35 [2013]741 36 00132029 37 2013[2013]204 38 [2013]959 39 [2013]1643 9

40 41 [2014]358 42 T004 43 [2014]4 44 [2014]321 45 [2015]153 46 50ETF[2015]214 47 [2015]20 48 NO.G02008 49 [2015]1204 50 [2015]461 51 [2015]120 52 [2015]115 689 12 200001 689 12 200001 8621-23219000 8621-23219000 8621-63410627 8621-63410627 huangzh@htsec.com sunt@htsec.com 689 200001 689 200001 http://www.htsec.com haitong@htsec.com 189 21 http://www.sse.com.cn 10

http://www.sse.com.cn http://www.hkexnews.hk 68912 A 600837 H 6837 2007 7 6 19881,000 11

[1994]5 1994 9 27100,000 [2000]296 2000 12 29 374,692.80 [2001]278 2002 1 28 4,006,093,000 [2002]329 2002 11 18,734,438,870 12

2005 5 [2007]90 2007 6 7 2007 6 29 2007 7 6 3,389,272,910 2007 7 31 [2007]3682007 11 21 3,389,272,9104,113,910,590 2008 5 520072007 2007 12 314,113,910,590 10 1.00310 74,113,910,590 8,227,821,1802008 5 28 2012 4 271,229,400,000H 25 122,940,000 H1,352,340,000 H 2012 5 19H 127,500,000 H2012 5 22 H10% 12,750,000AH 13

2015 2 92015 2015A 2015HH 2015 5 [2015]8111,916,978,820 12015 5 8H 2015 5 29H1,916,978,820 1,048,141,220H2015 5 15868,837,600H 2015 5 29 H11,501,700,000 A 8,092,131,180 H 3,409,568,820HHAITONG SEC H6837 1 2 (1) 6636-37 2003 4 18 1.5 51% 021-38650999 14

(2) 816-17 1999 4 13 1.8 27.775% 021-20361886 (3) 888 8 A 2004 10 18 1 67% 021-62883005 (4) 1589 176 01-04252 05 1993 3 18 13 66.667% 021-61871688 15

(5) 189 22 2007 7 24 88.5 88.5 100% 852-39268888 (6) 689 26 07-12 2008 10 23 76.5 100% 021-63410311 (7) 774 2 107N 2012 4 24 35 100% 021-23219000 16

(8) 6893201-12 2012 6 26 12 100% 021-23219000 27290 61 4 8835 A H 689 310000000016182 31010113220921X 13220921X 17

2015 2014 2013 55,285,553 23,666,866 133.60% 12,802,734 21,118,869 10,420,394 102.67% 5,454,748 15,838,851 7,710,623 105.42% 4,035,024-33,989,522-29,338,392 15.85% -18,841,821 695,633 283,027 145.78% -80,683 1.48 0.8 85.00% 0.42 1.48 0.8 85.00% 0.42 (%) 17.56 11.88 5.68 6.70 2015 2014 2013 12 31 12 31 12 31 576,448,892 352,622,149 63.47% 169,123,603 459,521,221 280,357,946 63.91% 105,018,445 129,026,336 80,766,843 59.75% 40,429,567 107,694,545 68,364,431 57.53% 61,506,991 11,501,700 9,584,721 20.00% 9,584,721 9.36 7.13 31.28% 6.42 (%) (1) 73.87 73.42 0.45 50.19 1 18

6,000.00 5,000.00 4,000.00 3,526.22 5,764.49 3,000.00 2,000.00 1,000.00 1,691.24 615.07 683.64 1,076.95 0.00 2013 12 31 2014 12 31 2015 12 31 19

1 2015 2014 2013 2012 2011 55,285,553 23,666,866 12,802,734 10,743,347 10,860,374 34,648,129 13,413,806 7,464,926 6,681,975 6,633,122 21,118,869 10,420,394 5,454,748 4,127,238 4,300,164 15,838,851 7,710,623 4,035,024 3,037,542 3,103,034 2 2015 2014 2013 2012 2011 12 31 12 31 12 31 12 31 12 31 576,448,892 352,622,149 169,123,603 126,482,104 98,976,911 459,521,221 280,357,946 105,018,445 66,051,508 52,366,269 129,026,336 80,766,843 40,429,567 36,956,823 38,013,807 107,694,545 68,364,431 61,506,991 58,679,683 45,042,375 11,501,700 9,584,721 9,584,721 9,584,721 8,227,821 3 2015 2014 2013 2012 2011 1.48 0.80 0.42 0.33 0.38 1.48 0.80 0.42 0.33 0.38 (%) 17.56 11.88 6.70 5.66 6.93 (%) (1) 73.87 73.42 50.19 32.50 23.54 9.36 7.13 6.42 6.12 5.47 1 = 20

600.00 552.86 158.39 500.00 400.00 300.00 236.67 77.11 200.00 100.00 108.60 107.43 128.03 31.03 30.38 40.35 0.00 6,000.00 5,764.49 1,076.95 5,000.00 4,000.00 3,000.00 2,000.00 1,000.00 989.77 1,264.82 1,691.24 3,526.22 450.42 586.80 615.07 683.64 0.00 18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 6.93% 6.70% 5.66% 11.88% 17.56% 2011 2012 2013 2014 2015 80% 70% 60% 50% 40% 30% 20% 10% 0% 73.42% 73.87% 50.19% 32.50% 23.54% 21

201520142015 12 312014 12 31 2015 12 31 855.21 371.10484.11 2015 2014 12 31 12 31 85,521,155 37,110,256 101,119,681 65,022,464 1,269.37% 819.66% 84.57% 57.07% 44.59% 26.71% 52.72% 46.80% 46.93% 61.21% 68.63% 78.78% 22

1 23

QDII QDII (PE) 25 24

2 201571.95% 81.27% 20149.41% 63.15% 1.05244% 2012259 2016 2015 2015 5%30%5 116,367,826 20.19% 25

1 2007-2015 2015H 2009-2015 2 3 2015 12 31 328 2903830 13 2015 12 31770 26

4 201535% 5 11 FTUFT 6 27 27

2015 H 2015 125,7641,0772015 553134%158 105% 17.56%5.68 27,875,640 16,555,793 40.61% 166.78% 165.14% 0.37 3,578,271 1,806,550 49.51% 80.78% 116.38% 8.31 9,744,544 4,212,410 56.77% 140.20% 300.84% 17.33 1,864,279 820,737 55.98% 39.23% 14.48% 9.52 974,765 202,768 79.20% 210.09% 210.51% 0.03 2,665,688 2,002,258 24.89% 54.85% 66.26% 5.15 6,002,427 3,937,510 34.40% 137.35% 139.17% 0.5 28

245 5.02% 20153.4539.06%8.25 2.76243.13%1,317.26 191.24% 2015 3369%226 97%AA 2015113.2053.6% 29

37 50866 1,50014 2015 221,478 6547 32.59 128.5 201510.444.9% FICC 201555.3226.2% 2015 28 17 40% 20159.714.6% 30

4,37849%1,000 100%3,43793%1,558 44% PE7 17917% 174 201517.728.4% 186 26.08 5.232015342.49 FT 2113.610 342AA+ 20156.633.1% 31

32 5327 FICC 2015 9 7 BB-2015 41.74.32015 92015 9120.38 201520.239.6% 2015 2014

2 (1) 2015552.86316.19 133.60% 36%6 218.1339.45%129.22% 183.2233.14%137.95% 110.5720.00%93.69% 2015 40.947.40%451.67% 33

2015 1-12 2014 1-12 21,812,616 39.45% 9,516,170 40.21% 12,296,446 129.22% 18,322,037 33.14% 7,699,971 32.53% 10,622,066 137.95% 11,057,133 20.00% 5,708,662 24.12% 5,348,471 93.69% 4,093,767 7.41% 742,063 3.14% 3,351,704 451.67% 55,285,553 100.00% 23,666,866 100.00% 31,618,687 133.60% (2) 2015346.48158.30% 135.66212.58% 78.3089.52% 91.10170.93% 34

2015 2015 2014 7,829,712 4,131,308 3,698,404 89.52% 13,566,443 4,340,189 9,226,254 212.58% 2,650,022 868,022 1,782,000 205.29% 1,192,138 427,497 764,641 178.86% 299,962 284,304 15,658 5.51% 9,109,852 3,362,486 5,747,366 170.93% 34,648,129 13,413,806 21,234,323 158.30% 3 2015 6,143 2015 5,554 589 6,143 35

4 2015271.22 (1) 339.90 571.14 250.82 313.38 74.56 200.55 (2) 359.66 (3) 970.78 H 259.73717.51 5 20155,764.4963.47%4,595.21 63.91% 31.04% 22.67% 13.24%10.45% 0.23% 36

2015 2014 12 31 12 31 102,682,965 48,996,084 53,686,881 109.57% 17,472,135 3.03% 12,826,397 3.64% 4,645,738 36.22% 33,445,224 5.80% 8,714,786 2.47% 24,730,438 283.78% 4,668,075 0.81% 4,470,404 1.27% 197,671 4.42% 7,774,533 1.35% 1,527,382 0.43% 6,247,151 409.01% 5,136,607 0.89% 5,686,141 1.61% -549,534-9.66% 17,223,078 2.99% 10,292,634 2.92% 6,930,444 67.33% 1,317,178 0.23% 1,210,145 0.34% 107,033 8.84% 5,648,299 0.98% 5,648,299 100.00% 3,757,597 0.65% 2,600,616 0.74% 1,156,981 44.49% 473,765,927 303,626,065 170,139,862 56.04% 163,191,220 28.31% 85,703,611 24.30% 77,487,609 90.41% 15,747,116 2.73% 14,818,876 4.20% 928,240 6.26% 102,665,873 17.81% 55,630,844 15.78% 47,035,029 84.55% 76,324,967 13.24% 64,883,359 18.40% 11,441,608 17.63% 6,263,868 1.09% 4,384,354 1.24% 1,879,514 42.87% 60,245,770 10.45% 52,873,455 14.99% 7,372,315 13.94% 9,921,752 1.72% 7,399,072 2.10% 2,522,680 34.09% 11,045,127 1.92% 3,990,608 1.13% 7,054,519 176.78% 5,275,772 0.92% 5,495,664 1.56% -219,892-4.00% 3,428,166 0.59% 642,211 0.18% 2,785,955 433.81% 13,524,326 2.35% 3,347,033 0.95% 10,177,293 304.07% 576,448,892 352,622,149 223,826,743 63.47% 37

2015 2014 12 31 12 31 336,022,549 221,124,256 114,898,293 51.96% 129,026,336 28.08% 80,766,843 28.81% 48,259,493 59.75% 90,951,854 19.79% 59,807,864 21.33% 31,143,990 52.07% 31,284,497 6.81% 19,807,574 7.07% 11,476,923 57.94% 1,512,362 0.33% 14,270,000 5.09% -12,757,638-89.40% 24,837,241 5.41% 14,781,559 5.27% 10,055,682 68.03% 3,718,116 0.81% 246,986 0.09% 3,471,130 1,405.40% 15,504,612 3.37% 7,697,576 2.75% 7,807,036 101.42% 22,336,951 4.86% 22,926,586 8.18% -589,635-2.57% 2,098,115 0.46% 2,098,115 100.00% 3,895,438 0.85% 816,775 0.29% 3,078,663 376.93% 10,793,748 2.35% 10,793,748 100.00% 137,743,378 82,501,809 55,241,569 66.96% 123,498,672 59,233,690 64,264,982 108.49% 89,805,660 19.54% 35,775,667 12.76% 54,029,993 151.02% 9,330,007 2.03% 4,537,684 1.62% 4,792,323 105.61% 7,624,682 1.66% 14,910,000 5.32% -7,285,318-48.86% 6,188,371 1.35% 1,008,065 0.36% 5,180,306 513.89% 5,747,990 1.25% 5,747,990 100.00% 459,521,221 280,357,946 179,163,275 63.91% 116,927,671 72,264,203 44,663,468 61.81% * 38

2015 1,026.83109.57%2015 20151,377.43 825.02552.42 66.96% 1 2 2015 3 2015 1 2015 2 39

2015 12 311,635.51 2015 2015 2014 12 31 12 31 100,599,408 35,775,667 40,614,504 24,345,258 22,336,951 22,926,586 163,550,863 83,047,511 44 45 55 2015 12 31644.15 1,377.43 2015 12 31 40

1 51.3756.865.49 9.66% 21 (1) 27.78% 700,094 324,135 10,022 1 2 (2) (3) 1,104.40444.90 34.28 41

2 (1) 2015 2 920152015 A2015H H2015 5 [2015]811 2015 5 291,916,978,820 H1.00 17.1832,933,696,128.00 186,696,098.00 32,747,000,030.002015 12 31 32,748,280,742.1026,238,647,735.44 2015 2,623,864.77 2,623,864.77 2,623,864.77 2,623,864.77 2,623,864.77 2,623,864.77 (i) 60% (ii) 15% (iii) 10% (iv) 5% (v) 10% 2015 12 312014 12 21 42

(2) 60% 15% 10% 5% 10% 1,573,973.62 1,573,973.62 1,573,973.62 100% 61,403.17 393,171.85 393,171.85 393,171.85 100% 13,809.65 262,114.57 262,114.57 262,114.57 100% 11,778.42 130,000.00 130,000.00 130,000.00 100% 10,432.05 264,604.73 264,604.73 264,604.73 100% 2,667.45 2,623,864.77 2,623,864.77 2,623,864.77 100,090.74 H (3) 43

1 1.551% 2015 12 3113.45 8.65 20157.66 1.52 2 1.827.775% 2015 12 31 46.19 25.21 201533.39 11.67 3 167% 2015 12 312.03 1.6920151.35 0.54 4 1366.667% 2015 12 31263.62 23.18 201535.04 1.43 5 88.50100% 2015 12 31 1,794.54 111.65201562.6326.31 57%100% 100% 6 76.50100% 2015 12 31 142.03 98.70201513.70 8.12 7 35100% 2015 12 3166.84 42.3820155.69 4.23 44

8 12100% 2015 12 31 217.01 22.81201521.69 8.89 1 7Haitong International Finance 2015 Limted Bestlend Limited ibest Management Services Limited ibest Finance Group Limited ibest Investment Services Limited Haitong International Investment (Wealth Management) Limited ibest Finance Group (Holding) Limited (1) Haitong International Finance 2015 Limted 2015 1 135 17 (2) 1 Bestlend Limited2015 4 291 2 ibest Management Services Limited 2015 5 291 3 ibest Finance Group Limited 2015 8 125 14 ibest Investment Services Limited 2015 11 111 5 Haitong International Investment (Wealth Management) Limited 2015 11 26 516 ibest Finance Group (Holding) Limited 2015 11 2651 45

2 26 1 19 27290 2 2008 4 380 226 23,3659236542015 12 3126,22323,091 1,547,848445,972 98,213 46

3 (1) 50ETF (2) 2015 ISDA (3) 47

IT 48

2015+240 40% WIND FICC H 2016 49

1 (1) 50

(2) 1 2015 2015 16 20143,234.68 5,166.3559.72% 119.67% 164.97% 6 8 26 2,927.29 43.34%44.35% 51.53% 9.41% 53.70% 84.41% 51

2 2015 2015 119.294.18% DV01 3 2015 52

(3) (4) 53

54

2 (1) 2015 301.25% 205.93% 396.81% 20151.25% 215% (2) 20150.3% 2015 6 194.57 ETF 20152.8420142.762015 2015 2015 55

(3) (4) 3 (1) (2) H 56

(3) (4) (5) (6) 57

(7) 2015 VaR (8) (9) IT OA 58

(10) 1 [2008]606 T+1 2 59

3 855.21 1,011.20 84.57% 4 2015 201590 2007 5 2008 3 4 60

3 61

2007 2014105.2312.34 28.802007 2014 30%51.75% 35.69% 54.44% 53.87% 57.79% 73.42% 47.40% 148.25% 62

20142015 7 611,501,700,000 10 2.50 2,875,425,000.00 2015 15,838,850,897.61 2015 13,515,784,851.80 2015 10%1,351,578,485.18 4,054,735,455.542015 9,461,049,396.2613,245,183,976.60 20142,875,425,000.00 19,830,808,372.862015 1 2015 12 31AH11,501,700,000 AH104.50 5,175,765,000.00 14,655,043,372.86 2 AH 2015 63

20152015 2015 H 10 10 10 (%) 2015 0 4.5 0 5,175,765,000.00 15,838,850,897.61 32.68 2014 0 2.5 0 2,875,425,000.00 7,710,623,597.60 37.29 2013 0 1.2 0 1,150,166,541.60 4,035,024,048.18 28.50 3 64

3 3 3 260 5 300 4 40 65

2015 26040 2015 300 631137 1,000 10% 5% 2015 9 10[2015]73 5 2015 9 11 66

5% 2015 9 212015 2015A 2015H H H 62.765328% 65.809276% 2015 9 21 20152015 A2015 H 3 3 67

2015 7 8 25 2,800 2002 8 23 102012 8 22 2014 2015 6 8 10 2015 12 31 2015 2014 5 275 50 97,321,500 2015 1 19 28 85,980,375 0.4552 8% 68

66 14A14A (A) 10,342,629,514 (B) 22,854,195,281 (A+B) 22,854,195,281 (%) 21.22 (C) 70%(D) 5,321,400,000 50%(E) (C+D+E) 5,321,400,000 69

1. 2014 12 7 Banco Espírito Santo de Investimento, S.A. ( BESI )BESI SPVNovo Banco 8 52015 9 7 Banco Espírito Santo de Investimento, S.A.Novo Banco, S.A. 7.53 2. 2015 4 13 Haitong International Finance Holdings 2015 Limited6.7 20203.5% 3. 2013 109 Haitong International Finance Holdings Limited 2013 70

4. 2013 6 9 [2013]145 88 8 10 2007 2013 920% 1.6 1 2015 12 11 2015 12 14 71

2 2015 7 6 20152015 9 1 2015 7 20%15044.57 ETF 2015 7 62015 9 1 3 2015 7 8 AH2015 9 21 20152015A2015H 2015H 2015 9 24 72

2015 11 2 2015 7 92015 9 212015 9 242015 9 282015 10 222015 11 22015 12 22 4 4.1 2015 12020 7 4.22015 1 29 4.2 6.7 Haitong International Finance Holdings 2015 Limited 2015 4 21 6.7 4.3 [2012]592 2013 46 48.5 20 2014 12 428.52015 9 25 88.5 73

4.4 20 20 15011415026 4.5 2015 1265 4.6 2015 112015 103+23 4.7 2015 7 13.62 2015 62015 2014MTN103 2015 6 308000 2015 12 1812 74

5 5.1 2015 5 13 2015 6 2015 9 3.5 2015 10 14 5.2 2015 9 5 3035 5.3 2015 9 1013 5.4 2015 12 17 1326,269,000.00 426,269,000.00 75

5.5 2014 4 13 2015 3 113.50 2,533,453,008 4.69 2015 5 22 6 6.1 2015 9 7BESI 6.2 2015 2 6.3 1 2015 11 18 6.4 Japaninvest Group plc Haitong International (BVI) Limited Japaninvest Group plc JapaninvestJapaninvest2015 3 76

7 7.1 3 2015 1 16 3 2015 1 19 2015 4 7.2 2015 8 24 [2015011] 2015 8 25 2015 9 10 [2015]73 HOMS 2015 9 11 77

7.3 2015 11 26153122 2015 11 27 2015 11 28 2015 11 29 http://www.sse.com.cn2015 2015 1,756 A4 1 2,62370 55158 78

2015 150 7%60-80% 70-80% 14600 45075%460w207 7.5 KVM 8.08 79

2014 10 2011 3 2012 2014 2015 6 8 102015 12 31 2015 80

2015 1.04% A [2012]85 1 1 20%1 1 150%10%1 25%5% 5% [2012]85 QFIIQFII 2009[47] 10% QFII 81

H [1993]045 [2011]348 10% 10% 10%(1)10% (2)10%20% (3) 20% H [2008]897H 200810% 5% 82

83

1 (%) (%) 1 2 3 4 9,584,721,180 100 +1,916,978,820 +1,916,978,820 11,501,700,000 100 1 8,092,131,180 84.43 8,092,131,180 70.36 2 3 1,492,590,000 15.57 +1,916,978,820 +1,916,978,820 3,409,568,820 29.64 4 9,584,721,180 100 +1,916,978,820 +1,916,978,820 11,501,700,000 100 84

2 2015 2 92015 2015A 2015HH 2015 5 [2015]8111,916,978,820 12015 5 8 H 2015 5 29H 1,916,978,8201,048,141,220H2015 5 15868,837,600H2015 5 29 H 9,584,721,180 11,501,700,000A8,092,131,180H3,409,568,820 3 H9,584,721,18011,501,700,000 20151.48 9.36 85

H 2015 5 15 17.18 1,048,141,220 2015 5 15 1,048,141,220 H 2015 5 29 17.18 868,837,600 2015 5 29 868,837,600 2015 4 8 5.50% 150 2015 5 11 150 2018 4 4 * 2015 6 12 5.30% 150 2015 8 26 150 2017 6 7 * 2015 6 12 5.38% 50 2015 8 26 50 2018 6 7 * * 2015 2 920152015A 2015HH 2015 5 [2015]811H 2015 5 2919.17H 17.18329.34 327.472015 12 31 2014 12 21 2014 12 19 2015 2 9 2015 2015A2015H 86

200% 2015 3501502015 4 85 32002015 6 123 15025 503 2015 5 29H 9,584,721,180 11,501,700,000A 8,092,131,180H 3,409,568,8205% 5 333,047A 332,601 H 446 322,064A 321,617 H 447 87

(%) 1,916,976,083 3,409,153,183 29.64 0 0-8,500,000 402,150,000 3.50 0 210,000,000 0 400,709,623 3.48 0 0 362,253,171 362,253,171 3.15 0 0 55,565,815 334,533,272 2.91 0 0 0 322,162,086 2.80 0 0 0 235,247,280 2.05 0 0 0 214,471,652 1.86 0 0-3,500,000 160,829,853 1.40 0 0 31,856,000 151,733,700 1.32 0 0 3,409,153,183 3,409,153,183 402,150,000 402,150,000 400,709,623 400,709,623 362,253,171 362,253,171 334,533,272 334,533,272 322,162,086 322,162,086 235,247,280 235,247,280 214,471,652 214,471,652 160,829,853 160,829,853 151,733,700 151,733,700 88

1 H 2 H A 3 A 4 2015 12 31 XV23 336 3 A 4 H (%) (%) 1. A 1 402,150,000 3.50 4.97 2. A 1 400,709,623 3.48 4.95 3. Maunakai Capital Partners (Hong Kong) Limited H 272,244,000 2.37 7.98 4. BSA Strategic Fund I H 271,844,000 2.36 7.97 5. Insight Capital Management (Hong Kong) Limited H 223,415,200 1.94 6.55 6. Insight Phoenix Fund H 223,415,200 1.94 6.55 7. H 2 248,000,000 2.16 7.27 8. H 2 248,000,000 2.16 7.27 9. Vogel Holding Group Limited H 2 248,000,000 2.16 7.27 10. BlackRock, Inc. H 229,183,087 1.99 6.72 H 45,200 0.00 0.00 89

1 (www.hkexnews.hk) 482,686,582 A416,420,568 A 336 2 248,000,000 3 (i)(ii) (iii)(iv) 4 (i)(ii) (iii)(iv) 2015 12 31 336 2015 12 31 XV XV7 8 352 90

1 A 2 H (%) (%) 1. H 1,000,000 0.01 0.03 1 (i)(ii) (iii)(iv) 2 (i)(ii) (iii)(iv) 5% H 3 91

92

57 2014-12-30 2017-12-30 0 0 0 93.75 54 2014-12-30 2017-12-30 0 0 0 93.75 53 2015-06-08 2017-12-30 0 0 0 0 34 2014-12-30 2017-12-30 0 0 0 0 60 2014-12-30 2017-12-30 0 0 0 0 59 2014-12-30 2017-12-30 0 0 0 0 46 2015-06-08 2017-12-30 0 0 0 0 56 2014-12-30 2017-12-30 0 0 0 0 64 2014-12-30 2017-12-30 0 100 100 2 12 67 2014-12-30 2017-12-30 0 0 0 12 52 2014-12-30 2017-12-30 0 0 0 12 50 2014-12-30 2017-12-30 0 0 0 12 56 2014-12-30 2017-12-30 0 0 0 12 61 2014-12-30 2015-06-08 0 0 0 0 53 2014-12-30 2015-06-08 0 0 0 0 52 2015-07-08 2017-12-30 0 0 0 0 59 2014-12-30 2017-12-30 0 0 0 86.39 53 2014-12-30 2017-12-30 0 0 0 0 53 2015-09-21 2017-12-30 0 0 0 0 93

44 2014-12-30 2017-12-30 0 0 0 0 49 2014-12-30 2017-12-30 0 0 0 0 44 2014-12-30 2017-12-30 0 0 0 0 60 2014-12-30 2016-03-30 0 0 0 0 53 2014-12-30 2017-12-30 0 0 0 0 55 2014-12-30 2017-12-30 0 0 0 147.94 51 2014-12-30 2017-12-30 0 0 0 145.70 44 2014-12-30 2017-12-30 0 0 0 144.97 46 2015-07-08 2017-12-30 0 0 0 124.72 51 2014-12-30 2015-07-09 0 0 0 0 58 2014-12-30 2017-12-30 0 0 0 86.39 53 2014-12-30 2017-12-30 0 0 0 86.39 52 2014-12-30 2017-12-30 0 0 0 215.35 50 2014-12-30 2017-12-30 0 0 0 215.35 50 2014-12-30 2017-12-30 0 0 0 86.39 55 2014-12-30 2017-12-30 0 0 0 195.19 58 2014-12-30 2017-12-30 0 0 0 195.19 40 2015-03-12 2017-12-30 0 0 0 169.07 52 2014-12-30 2017-12-30 0 0 0 462.90 52 2014-12-30 2017-12-30 0 0 0 172.39 50 2014-12-30 2017-12-30 0 0 0 301.98 46 2014-12-30 2017-12-30 0 0 0 326.50 61 2014-12-30 2015-04-28 0 0 0 113.83 0 100 100 2,432.77 1 2 2015 7 22241,000,000 H 1,000,000 H H0.01% 0.03% 3 2016 3 30 94

2 1958 1995 21998 5 1990 71995 2 1992 31994 2 1995 21997 111997 111998 12 1997 112001 5 1998 121999 4 2002 72014 5 2015 9 19612014 6 25 1980 91983 12 1984 1 1992 91992 91995 11 1995 111996 12 1996 121999 3 1999 31999 12 1999 122000 6 2000 62005 2 2002 92003 9 2005 22008 9 2008 92008 11 2008 11 2010 122010 12 2012 82012 8 2014 4 95

6 19622015 6 8 2010 8 1996 82006 4 2006 8 2008 8 2008 82010 8 2013 92014 3 2014 9 2015 3 1981 2014 12 30 2014 4 2003 72010 1 2010 12014 4 2014 10 600958 96

19552011 5 16 2013 12 19861994 6 1996 82004 10 2004 102006 102006 10 2013 12 2007 32011 10 2008 52013 12 2010 102011 10 2010 52013 12 02345 2012 122013 122011 62013 600848 2010 52015 3 2011 3 6009582011 6 600619 2015 3 19562011 5 16 1998 12 201983 7 2006 6 2008 97

1969 2015 6 8 1992 61993 6 1993 71999 9 1999 92002 1 2002 22009 12 2009 122014 12 2014 12 19592014 12 30 2014 12 1981 31995 10 1995 101998 11 1998 112004 11 2004 112014 12 2012 000166 98

5 19512011 9 16 1996Japfa Ltd.UD2 CC3 00180 SK7 STT GDC Pte. Ltd. 03699 35 19482013 5 27 1968 71971 9 1971 91975 1 1975 11984 2 1984 21985 8 1985 11987 8 1987 81990 9 1990 91995 11 1995 111999 8 1999 82007 2 2007 22012 11 2013 7 0025732013 8 000506 99

1963 2014 12 30 1987 71993 4 1993 41995 10 1995 101997 12 1998 12004 12 2014 6 600016 19652014 12 30 1989 62001 5 1999 11999 9 NYENRODE 2004 92005 9 2001 52006 2 2006 2 2010 8 100

1959(MPP)2014 12 30 1984 91990 12 1991 11991 12 1992 11992 12 1993 1 2 19542007 7 162015 6 8 2006 82014 12 1994 12 1996 1 2009 5 2005 1984 71999 8 1999 82001 4 2001 42006 8 2001 62003 2 2004 22009 4 600708 2009 4 2014 4 2011 122013 6 2013 62015 4 2013 52015 4 2010 42015 4 600597 101

19622011 9 162015 6 8 1986 71999 12 1986 81989 12 1989 121990 12 1990 121995 7 1997 71999 1 1999 12003 12 2003 122014 9 1963 2015 7 82015 7 21 1987 71995 10 1995 101997 121997 12 1999 81999 82000 5 2000 52002 12 2002 122009 9 2009 92013 3 2013 32014 62014 6 2015 4 102

5 19562004 5 21 2011 5 16 2008 10 2014 21974 12 1998 8 1998 82002 11 1998 82003 82003 52005 4 2002 112013 2 2003 82013 4 2003 8 2013 42013 72014 12 19602007 7 16 2014 111980 8 1992 81993 31993 8 1993 81994 11 1994 111996 8 1996 81998 4 1998 42000 7 2000 72009 3 2009 32010 12 2010 122014 11 2005 102008 10 2008 10 2010 112012 6 103

19642014 12 30 2011 31988 11994 101992 52001 5 2001 52001 82001 82002 3 2002 32006 5 2006 52006 9 2006 92011 3 2005 7 2008 102010 12 2011 1 2012 4 2012 9 2014 1 2014 1 2014 1 2014 7 104

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7 19622013 5 27 2014 4 1984 7 1996 121997 12001 3 2001 42001 62001 72007 8 2007 92010 7 2010 82014 4 2014 12 2014 102014 10 19622015 9 21 2015 6 600827 2015 8 1982 91999 7 1999 72002 3 2002 32002 12 2002 122003 10 2003 102005 7 2005 72010 82010 82014 72014 72015 62014 32014 7 106

19712014 12 30 2013 101994 7 1995 3 1995 31996 51996 52001 2 2001 22002 6 2002 62005 4 2005 42013 10 2014 2 2014 4 2014 5 2014 7 600825 2014 8 2014 9 2014 102016 2 107

19662014 12 30 2013 12 1989 81996 1 1996 12002 1 2002 13 2002 32003 12 2003 122007 12 2007 122013 12 2014 52016 1 2012 6 600826 19712014 12 30 2012 12 2014 91999 1 2014 9 2014 12 2012 4 2014 12 2014 1 2014 5 2015 1 2015 2 2015 12Shanghai International Shanghai Growth Investment Limited 07702015 12 2011 5 162014 12 30 108

1955 2013 10 162013 5 1982 11997 2 1997 22000 102000 10 2013 5 19622007 7 16 2015 6 600637 1988 42002 6 1996 31997 4 2002 72003 32003 3 2015 6 2009 62015 1 2015 1 000166 1 19642007 7 162015 7 9 1992 102004 8 2004 82006 4 2010 42011 4 2006 42011 9 2011 92015 6 2014 8 5 600827 109

12 19571995 11 1997 11 1983 81988 111988 111995 11 1995 111997 11 2010 122011 5 2004 112011 3 2010 1 2011 3 2010 82011 32003 4 1962 1996 31997 111982 6 1988 21988 3 1996 3 1996 31997 11 2008 102011 8 2011 3 2014 7 2014 7 110

1963 2011 102012 3 1985 71996 9 1996 91999 8 1999 82011 10 19652009 52012 3 1993 41994 3 Credit Suisse First BostonCredit Suisse Group AG 1994 41998 3Deutsche Genossenschaftsbank AGDeutsche Zentral-Genossenschaftbank AG 1998 41999 9J.P. Morgan 1999 102009 3Nikko (Citi) Asset Management Co., Ltd. 2007 42009 4 2009 52012 3 IT 2015 9 111

19652013 8 1993 71996 7 1996 8 2002 10 2002 102013 8 2014 82014 11 2015 9 19601994 82010 72011 5 1984 81990 8 1990 81992 5 1992 51993 3 1993 31994 7 1994 81996 3 1996 31998 9 1998 92004 8 2001 62011 22005 32006 6 2008 102011 3 2012 6 112

19571994 82007 7 1988 7 1991 8 1991 81994 7 1994 81996 31996 3 1998 4 1998 42001 7 2001 72007 7 2006 52009 5 600836 2003 4 2010 6 1975 2001 72015 3 2015 4 2012 11 2001 72003 12 2003 122011 3 2011 32012 11IT 2014 1 2014 7 2013 8 113

1963 19982008 19921998 19981999 1999 5 2008 82008 102010 82010 8 2010 1 2010 3 1963 1997 102012 3 IT 1997 101998 11998 1 2000 3 2000 32000 12 2000 122006 5 2006 52013 2 2007 112009 32015 1 114

1965 1996 52014 122013 3PE 1983 121988 4 1988 41991 12 1991 121996 5 1996 52002 4 2002 42006 5 2006 52008 10 2008 102012 11 2012 62015 8 2011 12015 8 2015 82012 122013 72015 7 1969 1996 122014 12 2007 7 1996 122003 7 2003 72004 5 2004 52007 7 2009 12 2010 2 2010 32011 4 2011 6 115

1 1954199820052015 20112015 20102015 18 19982000 2000200420012002 20032005 20072008 2003 20102011 1988 19931996 19981998 2002 19721998 20002011 20112013 116

1 2015 3 27 2015 6 82014 2015 12 11 2015 12 31132 6 5 2 2015 5 13 2015 6 8 2014 2015 6 8 2015 7 14 2015 7 8 2015 7 21 117

2015 7 9 2015 7 21 2015 9 21 2015 2015 12 31138 5 3 2015 4 28 118

2015 2014 2013 1998 2014 2014 2006 2015 2011 2014 2014 2015 2012 2015 2013 119

2013 2014 2014 2015 2014 2014 2011 2011 2010 2015 2015 2008 2012 120

1996 2013 2004 OUE Hospitality Trust 2013 Management Pte. Ltd OUE Hospitality REIT 2013 Management Pte. Ltd 2013 Jafa Ltd. 2014 2015 STT GDC Pte.Ltd. 2015 PAG 2013 2013 2013 1998 2004 2014 2014 2014 121

2006 2010 2010 2010 1993 2011 2014 2014 2013 2013 2014 2014 2014 2014 122

2014 2014 2014 2016 2016 2015 2015 2012 2014 2004 2012 2012 2014 123

2014 2014 2015 2015 Shanghai International 2015 Shanghai Growth Investment Limited ( 0770) 2015 2015 124

2,432.77 125

3 5,235 3,789 9,024 22 332 720 4,374 130 216 369 582 578 318 744 661 9,024 126

134 2,284 5,319 1,287 9,024 9,024 5,235 3,789 2015 81 551256,566 48,832 127

2016 982,000 18,903,500 2015 [2009]2 [2009]302 [2015]88 269 6,7496,512 95553 2015 128

[2014]19 3136 2541 236 129

(a) (b) (c) (d) (e) 130

2014 2015 6 8 http://www.hkexnews.hk http://www.sse.com.cn 2015 2015 2 9 http://www.hkexnews.hk 2015 http://www.sse.com.cn A 2015H 2015 2015 9 21 http://www.hkexnews.hk 2015 http://www.sse.com.cn A 2015H 2015 6 8 2015 6 9 2015 2 10 2015 9 21 2015 9 22 2015 6 820148 20142014 2014 2014 2014 3 AH<> <> http://www.hkexnews.hk 2015 6 9 http://www.sse.com.cnhttp://www.htsec.com 2015 2 9 20152015A 2015H2015 3 H<> 3 2015 2015A H2015H H2015 2 10http://www.sse.com.cn http://www.hkexnews.hkhttp://www.htsec.com 131

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2015 6 18 1 HKSI HKSI Institute Roundtable Luncheon Series- Adjusting to the New Normal 2015 8 11-13 17.67 Guandian Boao Real Estate Forum 2015 2015 10 1 3 BEA Recent Economy of China 2015 10 12 3.5 China Chamber Global Tourism of Tourism Economy Forum Macau 2015 2015 11 2 2.67 SCMP China Conference 2015 12 1 0.83 Platinum Foreign Exchange Rate Database 2015 12 16 2 HKSI MPF Series-Sales Compliance and Recent Development 1 2 3 4 139

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5/5 5/5 5/5 4/5 5/5 5/5 5/5 3 1 2015 6 52015 143

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4 2015 3 262015 20142014 2015 4 92015 2015 7 212015 2015 10 272015 < >< > 3/4 4/4 4/4 3/4 2/2 4/4 2/2 1/2 1/2 145

3 3 0 0 0 6 5 1 0 0 6 5 1 0 0 6 5 1 0 0 6 5 1 0 0 3 3 0 0 0 6 4 1 1 0 6 3 1 2 0 6 4 1 1 0 6 5 1 0 0 6 5 1 0 0 6 4 1 1 0 1 1 0 0 0 3 2 1 0 0 6 1 2015 3 272014 20142014 2014 2 2015 4 282015 146

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1301 122280 2013 2016 72.6 6.05% 2013 11 25 11 25 1302 122281 2013 2018 23.5 6.15% 2013 11 25 11 25 1303 122282 2013 2023 23.9 6.18% 2013 11 25 11 25 1304 122311 2014 2017 56.5 5.25% 2013 7 14 7 14 1305 122312 2014 2019 45.5 5.45% 2013 7 14 7 14 1306 122313 2014 2024 8 5.85% 2013 7 14 7 14 160

1 2014 12 19 2015 2 9 2015 2015A2015H 200% 350150 2015 4 85 3200 2015 6 1231502 5503 2015 5.50% 150 2015 150 4 8 5 11 2015 5.30% 150 2015 150 6 12 8 26 2015 5.38% 50 2015 50 6 12 8 26 161

2 2013 3 26 2013 5 27 2012 2014 10 28 [2014]1526 [2014]42014 11 20 200 2015 5 1380 48 22 23 010-60838888 760 8 162

1 2013 [2013]1220 2013 11 27 1202013 11 20 2013 11 27 [2013] 114129 [2013] 114130[2013] 114107 1202013 11 27 2 2013 [2013]1220 2014 7 16 1102014 7 10 2014 7 16 [2014] 113875[2014] 113874[2014] 113873 1102014 7 16 163

CCXR 1997 8 2007 9 [2007]223 2015 4 30 [2015]0480492015 2015 [2015]070 AAA 1 2013 164

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1 2013 20132014 2015 11 22015 AH 2 2013 2014 2015 11 22015 AH 2014 2015 4 132015 4 302015 2015 167

2 2015 2014 (%) 34,540,965,190.90 15,044,887,204.86 129.59% -35,966,393,125.96-12,294,284,255.86-192.55% 97,077,920,186.31 45,573,041,593.33 113.02% H 178,023,172,588.34 100,469,264,938.38 77.19% 1.61 1.39 16.11% 1.61 1.39 16.11% 73.87% 73.42% 0.61% EBITDA 0.10 0.08 38.69% 2.61 3.51-25.58% 2.72 3.84-29.04% EBITDA 2.63 3.57-26.35% 100% 100% 0.00% 100% 100% 0.00% =+++++ + +++++ +++ ++ + +++ =+++++ + +++++ +++ ++ + +++ 168

2 1 2015 3 232014 2015-0092015-010 2 2015 12 32014 2015-0762015-080 623,15110 1,900 1,2511,093 2,058 169

2015H H H 170

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19 2 12 1 1 13 6 [2014]307 2014 10 17 2015 2 2 2 296 [2014]307 2014 10 17 2015 2 2 3 41418 [2014]307 2014 10 17 2015 3 11 4 3 108 [2014]307 2014 10 17 2015 3 11 5 220 [2014]307 2014 10 17 2015 3 11 6 09 [2014]307 2014 10 17 2015 3 11 7 288A 2 [2014]307 2014 10 17 2015 3 11 8 10104 [2014]307 2014 10 17 2015 3 11 9 251-1 251-2 [2014]307 2014 10 17 2015 3 11 172

10 10 [2014]307 2014 10 17 2015 3 11 11 2666E2 1 301 [2014]307 2014 10 17 2015 4 14 12 111701 1703 [2014]307 2014 10 17 2015 4 14 13 106 B 12 B07 [2014]307 2014 10 17 2015 4 14 14 22 1 2 [2014]307 2014 10 17 2015 4 15 15 2 A2010 [2014]307 2014 10 17 2015 4 21 16 50 1S109A [2014]307 2014 10 17 2015 4 21 17 4240 [2014]307 2014 10 17 2015 4 21 18 A2 1206 [2014]307 2014 10 17 2015 4 21 19 488 56-61 2 03 [2014]307 2014 10 17 2015 4 23 173

2 1 144 2015 7 20 2 1294505 4506 2015 9 2 3 1 141 2015 1 7 2 2015 1 19 80 3 2015 1 28 214 2 4 612 2015 2 13 5 23-6 2015 2 15 6 2015 3 24 2356 174

7 2015 4 8 11 2 28 29 30 8 D 2015 4 29 122 9 2015 5 20 2 5 6 10 2015 5 25 112 3 01 11 218 2015 5 26 12 144 2015 7 20 4 1 2015 3 [2015]46 2 2015 5 [2015]66 3 2015 5 [2015]67 4 2015 7 [2015]80 5 2015 7 [2015]81 6 2015 9 [2015]110 175

5 2015 1 19 [2015]20 2015 1 26 H [2015]11 H 2015 1 28 [2015]153 2015 1 30 50ETF [2015]214 50ETF 2015 5 4 [2015]811 2015 5 4 [2015]1204 2015 6 1 [2015]461 2015 9 25 [2015]120 2015A AA 2016 3 30 176

177 IT PE

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22 618 6 2012 23 1110 2012 24 2 2012 25 15 2014 26 2014 359 27 6 14 1401 2014 179

1 7 1-2 2 146 3 442 4 549 5 1 6 262 7 122 1017-1018,2014-2018 8 6 101 7 1-2 9 10 9-302 11 1112 203 12 44 13 4 14 299 15 2666 E21 301 16 8C 3 302 17 66 18 56 19 63 180

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40 41 3 42 22 1 2 43 B 3 A B C1 44 60 45 195 B 11 12 46 498 6 47 8 9 903-906 48 3 F05 49 7 50 205 51 52 18 A18 53 1159F 54 41 418 55 3108 56 4 4 57 1812 58 2 7 59 69 1119 60 2-4a# 2-4b# 182

61 66 3 12 13 14 62 61 12 4 5 63 116 64 65 15 66 100 67 215 68 2 69 22 70 10104 71 13 72 1309A 1310A 73 3 4 5 74 16 75 1394 12207 76 225602 77 126 78 168 79 115 80 184 183

81 47 82 29 83 11 203 204 205 402 84 2 85 99-5 86 200 87 80 88 218 89 40 90 240 91 111 92 135 93 11 2 28 29 30 94 27 95 258 96 81 97 8 98 17 99 110 100 75 184

101 102 1 103 7 104 75 105 65 106 101 107 369 108 98 109 42 110 81 111 6 112 9 113 235 114 16 115 90 116 CBD 24 117 61 118 144 185

119 259 120 A 6 121 6 122 4507 703 123 63 124 1373 125 2 604-607 126 127 618 128 21-4 129 104 130 2853 131 2356 132 550 133 19 134 20 135 16 136 310 137 2 5 6 138 50 1 4 5 186

139 139 140 55 141 347 349 142 28 A1009-A1012 143 48-3 144 85-7 145 188 16 146 23-6 147 31 148 168 107 149 96 150 315 151 1008 152 64 153 12 154 68 155 69 156 63 65 67 157 123 158 53 159 4 102 187

160 6-1038 161 296 162 19 163 1279 164 93 165 1533 166 251-4 167 97 168 123 169 65 2-1 170 1 171 5 172 261 173 05 174 1 175 90 176 49-19 177 91 178 1-48-6 179 364 188

180 9 181 395 3 182 80811904 183 49-3 184 171 B 109 185 039 186 13 187 25 188 20 189 25 190 9 191 10 192 2 193 164 194 D 122 195 69 196 140 197 1251 198 10 199 53 200 92 189

201 386 202 188 203 105 204 205 45 206 207 1110 1 1100111002 208 13 209 112 3 01 210 106 B 12 B07 211 300 709-711 212 420 213 536 542 188 1 P04 214 758 215 233 216 263-265 217 3703 218 2 219 950 220 619 190

221 38 222 363 223 285 3 224 117 225 141 226 351 227 3255 228 293 229 137 230 11 231 612 232 381 233 1601-1613 102 125 335-345 234 1059 6 B B101 235 169 12 236 46 237 182 13 191

238 681 1685 3 2 239 171 5678 240 780 241 1250 242 408 243 D 1902F 244 8 801-805 806A 810A 811 812 245 2068 246 5 500111-3 1116-1138 247 4 5 B 248 88 B 249 250 9030 A 1208 251 13 6 252 09 253 96 254 313483 192

255 244 256 419 421 257 214 2 258 508 6 259 18 260 359 261 220 262 4240 263 Aa2-11 Aa2-13 264 618 265 100 266 162 267 12 13 268 34 36-1 269 166 270 138 271 46-2 272 208 273 160 274 119 193

275 265 276 850 852 277 787 278 148 279 204-206 108 280 678 1-3 281 158 282 89 283 1 106 284 222 1-3 285 96 286 24 287 288 A 2 288 251-1 251-2 289 107 93 6-2 290 152 194

197364 2015 12 312015 195

2015 12 31 2016 3 30 196

2015 12 31 2015 2014 5 21,812,616 9,516,170 6 18,322,037 7,699,971 7 11,057,133 5,708,662 51,191,786 22,924,803 8 4,093,767 742,063 55,285,553 23,666,866 9 (299,962) (284,304) 10 (7,829,712) (4,131,308) (1,192,138) (427,497) 11 (2,650,022) (868,022) 12 (13,566,443) (4,340,189) (9,109,852) (3,362,486) (34,648,129) (13,413,806) 481,445 167,334 13 21,118,869 10,420,394 14 (4,277,553) (2,301,371) 16,841,316 8,119,023 15,838,851 7,710,623 1,002,465 408,400 16,841,316 8,119,023 15 1.48 0.80 15 1.48 0.80 197

2015 12 31 2015 2014 16,841,316 8,119,023 2,410,283 726,056 (1,702,322) (508,181) (162,378) (49,979) 545,583 167,896 70,676 49,672 79,374 65,459 695,633 283,027 17,536,949 8,402,050 16,296,407 8,007,081 1,240,542 394,969 17,536,949 8,402,050 198

2015 12 31 2015 12 31 2014 12 31 16 1,317,178 1,210,145 17 19,254 20,455 18 3,757,597 2,600,616 19 449,286 254,785 23 5,136,607 5,686,141 24 17,472,135 12,826,397 26 33,445,224 8,714,786 27 4,668,075 4,470,404 28 77,747 309,816 54 2,516,143 566,817 41 5,648,299 33 17,223,078 10,292,634 35 7,774,533 1,527,382 36 2,282,857 44,785 38 710,007 384,473 29 184,945 86,448 102,682,965 48,996,084 30 76,324,967 64,883,359 31 6,263,868 4,384,354 24 9,921,752 7,399,072 32 3,154,363 2,453,972 26 11,045,127 3,990,608 27 13,524,326 3,347,033 28 4,986 3,006 41 1,676,977 33 60,245,770 52,873,455 34 184,334 2,000,000 35 102,665,873 55,630,844 50 3,428,166 642,211 36 5,275,772 5,495,664 37 15,747,116 14,818,876 40 834,885 42 276,425 38 163,191,220 85,703,611 473,765,927 303,626,065 576,448,892 352,622,149 199

2015 12 31 2015 12 31 2014 12 31 44 31,284,497 19,807,574 42 2,668 45 22,336,951 22,926,586 46 1,512,362 14,270,000 47 129,026,336 80,766,843 43 2,098,115 55 10,793,748 48 15,504,612 7,697,576 49 60,611 2,493 3,895,438 816,775 51 24,837,241 14,781,559 50 3,718,116 246,986 52 90,951,854 59,807,864 336,022,549 221,124,256 137,743,378 82,501,809 240,426,343 131,497,893 53 11,501,700 9,584,721 56,375,749 32,383,596 1,054,746 407,434 (551,301) (361,545) 57 13,993,667 9,792,774 57 25,319,984 16,557,451 107,694,545 68,364,431 9,233,126 3,899,772 116,927,671 72,264,203 200

2015 12 31 2015 2014 12 31 12 31 54 665,909 758,197 55 89,805,660 35,775,667 44 9,330,007 4,537,684 56 2,336,208 1,941,119 52 7,624,682 14,910,000 51 6,188,371 1,008,065 43 721,044 433,514 46 5,747,990 48 645,287 302,958 123,498,672 59,233,690 240,426,343 131,497,893 1973642016 3 30 201

2015 12 31 a 57 2015 1 1 9,584,721 32,383,596 407,434 (361,545) 9,792,774 16,557,451 68,364,431 3,894,370 5,402 3,899,772 72,264,203 15,838,851 15,838,851 1,002,465 1,002,465 16,841,316 647,312 (189,756) 457,556 238,077 238,077 695,633 647,312 (189,756) 15,838,851 16,296,407 1,240,542 1,240,542 17,536,949 1,916,979 24,118,933 26,035,912 26,035,912 (126,780) (126,780) 4,629,368 4,629,368 4,502,588 27,065 27,065 27,065 4,200,893 (4,200,893) (583,036) (583,036) (583,036) 19,415 19,415 19,415 61 (2,875,425) (2,875,425) (2,875,425) 2015 12 31 11,501,700 56,375,749 1,054,746 (551,301) 13,993,667 25,319,984 107,694,545 9,208,309 24,817 9,233,126 116,927,671 2014 1 1 9,584,721 32,383,071 163,065 (413,634) 8,009,216 11,780,552 61,506,991 2,592,765 5,402 2,598,167 64,105,158 7,710,623 7,710,623 408,400 408,400 8,119,023 244,369 52,089 296,458 (13,431) (13,431) 283,027 244,369 52,089 7,710,623 8,007,081 394,969 394,969 8,402,050 (3,232) (3,232) 764,288 764,288 761,056 1,783,558 (1,783,558) b 298,718 298,718 298,718 3,757 3,757 2,000 2,000 5,757 61 (1,150,166) (1,150,166) (158,370) (158,370) (1,308,536) 2014 12 31 9,584,721 32,383,596 407,434 (361,545) 9,792,774 16,557,451 68,364,431 3,894,370 5,402 3,899,772 72,264,203 (a) (b) (i) (ii) 2013 7 1810 10 7.76 105%2.32 2014 11 411.642013 6.81201520143.25 2014 10.2720152014 55 202

2015 12 31 2015 2014 21,118,869 10,420,394 13,566,443 4,340,189 (481,445) (167,334) 299,962 284,304 922,218 423,142 (1,012,424) (525,344) 2,460 (1,023) 19,415 (172,966) 27,316 (2,415,035) (881,126) (168,595) 200 31,678,902 13,920,718 (697,608) (1,805,375) 748,369 641,198 (828,705) (11,460,869) (37,418,063) (3,943,807) (3,480,057) (7,455,567) (7,797,373) (13,621,013) (54,079,096) 1,815,666 (2,000,000) (46,070,402) (10,202,954) (1,463,900) (68,558) (50,148,516) (38,164,631) 52,231,071 44,283,245 14,732,046 9,528,584 20,055,168 47,869,071 (11,554,535) 13,150,000 (92,257) (247) (25,434,759) (26,264,736) (2,553,144) (1,352,783) (6,001,619) (1,720,873) (33,989,522) (29,338,392) 203

2015 12 31 2015 2014 268,638 53,240 (339,072) (248,369) 55,659 4,683 (922,310) (3,290,842) 112,587 1,287 (26,015,060) (1,922,799) 73 (2,041,641) (3,784,038) 133,543 (7,509,250) (3,418,331) 290,513 363,633 (52,748) (35,966,393) (12,294,284) (3,323,772) (1,308,536) (639,226) (19,270) H 25,972,690 3,375,770 646,557 152,725 23,431,342 18,275,765 (2,099,643) (850,361) 904,471 (3,946) 189,914,602 61,475,912 (105,572) (48,008) (3,253,944) (1,114,008) 72,024 (107,253) (136,135,386) (32,501,486) H (89,477) 65,765 (36,773) 97,077,920 45,573,042 27,122,005 3,940,366 24,339,194 20,372,606 283,387 26,222 39 51,744,586 24,339,194 (11,355,206) (3,689,188) 204

2015 12 31 1. 19881994 9 2001 12 2002 1 2007 6 72012 4 27 H 689 2. 2015 1 1 19 2010-2012 2011-2013 205

2015 12 31 2. 9 1 14 2 15 1 16 3 11 4 1 4 1638 4 2012-2014 4 1641 4 27 4 10 5 28 10 4 1228 7 6 12 6 1 2018 1 1 2 2016 1 1 3 2019 1 1 4 2016 1 1 5 6 2017 1 1 206

2015 12 31 2. 9 200992010 92013 2014 9 1 2 9 939 9 9 39 9 39 207

2. 2015 12 31 9 9 15 2014 715 15 18 11 15 15 1 2 3 4 5 15 15 15 208

2015 12 31 2. 15 15 15 16 2016 1162019 1 1 12 16 16 209

3. 2015 12 31 2015 12 31 2015 12 31 2014 12 31 2 17 2 36 210

2015 12 31 3. 211

3. 2015 12 31 212

2015 12 31 3. (1) (2) 39 12 19 2 5 213

3. 2015 12 31 3937 214

2015 12 31 3. 215

3. 2015 12 31 39 36 36 39 216

2015 12 31 3. 3 5% 30 50 3 10% 5 11 3 10% 4 8 3 10% 3 8 0% 135 217

3. 2015 12 31 3 10 5 50 218

2015 12 31 3. 219

3. 2015 12 31 220

2015 12 31 3. 221

3. 2015 12 31 222

2015 12 31 3. 223

3. 2015 12 31 39 224

2015 12 31 3. 1) 2) 3) 225

3. 2015 12 31 226

2015 12 31 3. 227

3. 2015 12 31 39 228

2015 12 31 3. 229

3. 2015 12 31 (a) (b) 230

2015 12 31 3. 231

3. 2015 12 31 IAS 37 3 232

2015 12 31 3. (i) (ii) (iii) (iv) (v) 233

3. 2015 12 31 234

2015 12 31 3. 4. 3 235

4. 2015 12 31 3041 24 20 236

2015 12 31 4. 26 14 237

4. 2015 12 31 1)2) 3) 5. 2015 2014 15,852,454 5,939,819 479,974 404,187 1,341,075 648,778 1,644,980 1,309,095 2,465,127 1,202,203 1,433 2,582 27,573 9,506 21,812,616 9,516,170 238

2015 12 31 6. 2015 2014 3,596,340 1,707,654 7,963,583 3,093,250 145,163 4,529,821 1,457,645 1,986,670 1,428,656 100,460 12,766 18,322,037 7,699,971 136,040 2014236,809 7. 2015 2014 2,415,035 881,127 9,735,570 1,527,736 (2,028,068) 2,737,653 11,829 36,141 922,767 526,005 11,057,133 5,708,662 239

2015 12 31 8. 2015 2014 249,573 182,761 16,196 13,658 3,827,998 545,644 4,093,767 742,063 9. 2015 2014 231,002 223,288 1,201 3,160 67,256 57,353 503 503 299,962 284,304 10. 2015 2014 62 7,023,734 3,507,114 496,690 374,951 309,288 249,243 7,829,712 4,131,308 240

2015 12 31 10. 6465 11. 2015 2014 2,600,773 797,413 49,249 70,609 2,650,022 868,022 12. 2015 2014 2,050,102 910,337 104,485 132,418 5,334,167 1,508,931 444,309 130,769 274,353 158,157 5,097,049 1,489,349 261,978 10,228 13,566,443 4,340,189 24,191 201446,294 241

13. 2015 12 31 2015 2014 13,693 16,827 6,004 5,600 6,314 7,728 1,375 3,499 168,595 200 (5,141) 10,009 648,708 233,804 19,261 114,107 79,162 59,321 34,914 2,460 (1,023) (172,966) 27,316 1,915,068 724,342 2,879,878 305,662 345,089 302,469 242

2015 12 31 14. 2015 2014 5,220,875 1,546,923 392,524 194,959 5,613,399 1,741,882 (10,519) (5,480) 15,093 1,500 4,574 (3,980) (1,351,355) 563,469 10,935 4,277,553 2,301,371 2008 1 1 25% 16.5% 243

14. 2015 12 31 2015 2014 21,118,869 10,420,394 25% 5,279,717 2,605,098 (120,361) (41,834) 317,613 145,098 (968,667) (375,373) 15,509 (3,980) (199,742) (93,198) (46,516) 65,560 4,277,553 2,301,371 20152014 12 31 244

2015 12 31 15. 2015 12 31 2014 12 31 15,838,851 7,710,623 i 8,874 26,575 i ii) (45,309) (54,737) 15,802,416 7,682,461 10,702,959 9,584,721 1.48 0.80 1.48 0.80 (i) 2013 7 182013 10 102014 11 4 7.762.3211.6455 (ii) 2015 1 1685,980,375 2015 12 3125% 20152014 245

16. 2015 12 31 2015 1 1 1,094,502 680,891 818,426 171,367 143,758 27,943 2,936,887 4,537 43,087 16,888 25,497 2,573 92,582 3,730 33,206 126,727 18,514 14,188 50,978 247,343 (63) (4,320) (63,586) (16,328) (8,781) (93,078) 13,034 43,150 (56,184) 199 3,110 2,565 194 1,536 54 7,658 2015 12 31 1,102,905 769,008 944,170 173,747 176,198 25,364 3,191,392 2015 1 1 327,908 542,042 618,295 108,412 99,703 1,696,360 32,030 66,985 95,455 18,421 18,111 231,002 (32) (63,424) (15,739) (7,766) (86,961) 19 1,292 1,622 139 359 3,431 2015 12 31 359,925 610,319 651,948 111,233 110,407 1,843,832 2015 1 1 2015 12 31 30,382 30,382 2015 12 31 712,598 158,689 292,222 62,514 65,791 25,364 1,317,178 246

2015 12 31 16. 2014 1 1 1,012,010 627,474 730,124 165,014 131,255 4,440 2,670,317 3,561 1,818 411 1,362 7,152 22,022 84,033 21,370 12,404 56,607 196,436 82,484 82,484 (3,048) (15,432) (1,372) (19,852) 27,834 5,259 11 (33,104) 8 240 4 98 350 2014 12 31 1,094,502 680,891 818,426 171,367 143,758 27,943 2,936,887 2014 1 1 278,347 467,925 535,430 104,275 82,354 1,468,331 30,275 74,117 82,685 18,879 17,332 223,288 19,285 19,285 (41) (14,745) (68) (14,854) 1 221 3 85 310 2014 12 31 327,908 542,042 618,295 108,412 99,703 1,696,360 2014 1 1 2014 12 31 30,382 30,382 2014 12 31 736,212 138,849 200,131 62,955 44,055 27,943 1,210,145 2015 12 31 2014 12 31 10 50 1,378 1,358 50 711,220 734,854 712,598 736,212 247

16. 2015 12 31 2015 12 312014 12 3137,664 39,065 17. 2015 12 31 2014 12 31 37,610 120,094 (82,484) 37,610 37,610 17,155 33,280 1,201 3,160 (19,285) 18,356 17,155 19,254 20,455 2015 12 312014 12 3194,201 92,444 353% 248

2015 12 31 18. 2015 12 31 2014 12 31 2,600,616 623,072 73 524,224 1,968,860 456,510 176,247 8,684 3,757,597 2,600,616 20 19. 2015 1 1 223,434 431,477 50,149 2,366 707,426 66,178 40,349 44,381 150,908 92,665 2,331 14,177 109,173 (5,499) (3) (5,502) 16,144 (16,144) 323 14,959 10 940 16,232 2015 12 31 223,757 615,924 92,836 45,720 978,237 2015 1 1 118,400 298,510 35,731 452,641 61,263 5,993 67,256 (1,199) (1,199) 10,253 10,253 2015 12 31 118,400 368,827 41,724 528,951 2015 12 31 105,357 247,097 51,112 45,720 449,286 249

19. 2015 12 31 2014 1 1 220,617 380,430 50,154 1,361 652,562 4,598 4,598 2,817 46,232 2,366 51,415 (1,144) (5) (1,149) 1,361 (1,361) 2014 12 31 223,434 431,477 50,149 2,366 707,426 2014 1 1 118,400 245,190 32,847 396,437 54,464 2,889 57,353 (1,144) (5) (1,149) 2014 12 31 118,400 298,510 35,731 452,641 2014 12 31 105,034 132,967 14,418 2,366 254,785 20 250

2015 12 31 20. 18 AB CD E 2015 12 312014 12 31 2015 12 31 2014 12 31 A 5,896 5,896 B 657,642 619,248 C 2,097,951 1,975,472 D 872,248 E Haitong International Holdings (UK) Limited Japaninvest Group plc 123,860 3,757,597 2,600,616 2015 12 312014 12 31ABC DE ABCDE 2015 12 31ABC DE8.0% 15.22%2014 12 318.0% 13% ABCD E 251

2015 12 31 20. 2015 12 31 2014 12 31 21. 2015 12 31 2014 12 31 21,266,156 16,111,180 252

2015 12 31 21. 12 31 2015 2014 51% 51% 150,000,000 67% 67% 100,000,000 100% 100% 7,650,000,000 100% 100% 8,850,000,000 66.667% 66.667% 1,300,000,000 60.76% 66.52% 528,992,010 Ω 100% 100% 3,500,000,000 100% 100% 1,200,000,000 100% 100% 4,146,162,881 100% 426,629,000 253

2015 12 31 21. 2015 3 183.5 1 12015 5 22 2015 5 26 2,533,453,0082015 12 3120132014 6.8110.27 364,117,88319,411,009 19,411,00984,026,000 2015 8 25 188,511,179711,151,000 2015 10 106.7 13 2015 6 252015 10 913 3.576.5 2015 9 7Nova Banco BESI100%73 2015 9 2528.5 Ω 2015 9 215 35 254

2015 12 31 21. 31/12/2015 31/12/2014 31/12/2015 31/12/2014 31/12/2015 31/12/2014 39.24% 33.48% 830,959 250,225 6,847,566 2,270,373 2015/12/31 2014/12/31 64,986,926 34,654,438 12,020,974 3,337,521 47,041,905 25,692,862 12,516,055 5,517,574 17,449,940 6,781,523 6,847,566 2,270,373 255

21. 2015 12 31 2015 2014 4,871,946 2,182,815 (2,769,075) (1,379,533) 2,102,871 803,282 (59,069) (22,610) 2,043,802 780,672 809,465 241,859 447,609 75,641 (11,684,250) (5,933,153) 19,605,574 9,310,672 (5,265,858) (1,209,471) 2,655,466 2,168,048 22. 20152014 12 312015 2014 12 31 2015 12 312014 12 31 2,051,169 1,230,671 2015 12 311,689,783 256

2015 12 31 23. 2015 12 31 2014 12 31 3,362,989 3,507,070 712,604 384,736 1,063,956 1,779,113 (2,942) 15,222 5,136,607 5,686,141 2015 2014 12 31 12 31 Haitong-AC Asian Special Opportunities Fund 43.5% 50% 43.6% 50% New Bridge China Auto Caymans L.P. New Bridge 38.9% Harveston Asset Management Pte. Ltd 50% 50% Haitong Special Opportunities Fund I S.P. 100% 50% Haitong China Select Investment Fund S.P. 100% 50% Haitong Multi-Tranche Investment P 0.94% Fund II S.P. R 99.7% 50% 257

2015 12 31 23. 2015 2014 12 31 12 31 27.775% 27.775% 37.5% 37.5% 37% 37% 42.83% 42.83% 21.71% 21.71% Trinitus Asset Management 20% 20% Limited Diamond Head Capital 28.35% 28.35% International, Ltd Class E 33.68% 37.12% 34.71% 34.71% 258

2015 12 31 23. 2015 2014 12 31 12 31 37.9% 37.9% 300ETF 17.5% 31.9% 28.67% 300ETF 2015 1 12015 6 28Haitong Special Opportunities Fund I S.P. ( SP1 ), Haitong China Select Investment Fund S.P. ( SP3 ) Haitong Multi-Tranche Investment Fund II S.P. ( SP6 ) 2015 6 29SP1 SP3 SP6Hai Tong Asset Management (HK) LimitedSP1 SP3 SP6 50% SP1 SP3 SP6 SP1 SP3 SP6 SP1 SP3 SP6 50% 2015 6 29SP1 SP3 SP6 SP1 SP3 SP6 95SP1350SP3116SP6 259

2015 12 31 23. 2015 12 31 2014 12 31 4,619,040 2,208,486 2,098,449 692,980 2,520,591 1,515,506 3,339,163 1,242,924 1,167,004 383,838 1,203,085 417,884 2015 12 31 2014 12 31 2,520,591 1,515,506 27.775% 27.775% 700,094 420,932 260

2015 12 31 23. 2015 2014 157,310 60,723 69,353 56,002 226,663 116,725 4,436,513 5,265,209 24. 2015 12 31 2014 12 31 31,779,770 23,962,578 (3,578,301) (3,411,212) 28,201,469 20,551,366 (807,582) (325,897) 27,393,887 20,225,469 9,921,752 7,399,072 17,472,135 12,826,397 27,393,887 20,225,469 261

2015 12 31 24. 1 11,560,347 10,258,688 8,797,021 7,544,713 1 2 8,583,385 7,616,923 6,521,894 5,593,465 2 3 6,468,544 5,740,207 4,433,903 3,802,712 3 5,167,494 4,585,651 4,209,760 3,610,476 31,779,770 28,201,469 23,962,578 20,551,366 (3,578,301) (3,411,212) 28,201,469 28,201,469 20,551,366 20,551,366 (807,582) (807,582) (325,897) (325,897) 27,393,887 27,393,887 20,225,469 20,225,469 262

2015 12 31 24. 2015 12 31 2014 12 31 (%) (%) 13,516,248 42.53 10,416,174 43.47 6,507,240 20.48 2,592,763 10.82 5,033,923 15.84 5,524,151 23.05 1,825,687 5.74 962,798 4.02 1,563,042 4.92 2,211,345 9.23 947,483 2.98 865,660 3.61 759,626 2.39 526,523 2.20 611,620 1.92 292,818 1.22 402,654 1.27 612,247 1.93 570,346 2.38 31,779,770 100.00 23,962,578 100.00 (3,578,301) (3,411,212) 28,201,469 20,551,366 (807,582) (325,897) 27,393,887 20,225,469 2015 12 31 2014 12 31 56,299 269,598 325,897 235,800 412,908 648,708 174,890 269,598 444,488 21,143 21,143 13,281 13,281 (187,671) (495) (188,166) (131,872) (131,872) 125,571 682,011 807,582 56,299 269,598 325,897 263

2015 12 31 25. 22 2015 12 312014 12 31 340 102.5 201552.03 9.4 26. 2015 12 31 2014 12 31 iv 4,139,703 1,814,512 8,283,949 4,730,988 5,778,489 930,017 iii 26,288,210 5,229,877 44,490,351 12,705,394 6,204 6,843,896 2,934,366 37,640,251 9,771,028 44,490,351 12,705,394 ii 3,786,437 1,492,524 i 4,497,512 3,238,464 8,283,949 4,730,988 11,045,127 3,990,608 33,445,224 8,714,786 44,490,351 12,705,394 264

2015 12 31 26. (i) (ii) 2015 12 312014 12 313,252,221 588,601 (iii) 2014 11 2821 26%2017 11 272014 12 5 5 2017 12 5 2014 12 5 5 2015 12 31 2015 7 62015 9 1 150 44.57 (iv) 2015 9 25128.5 1 265

26. 2015 12 31 2015 12 312014 12 31 12,262233,826 12,528,548 6,049,313 47 27. 2015 12 31 2014 12 31 2,425,390 2,316,600 10,270,891 4,861,063 3,448,861 639,774 1,145,727 901,532 18,192,401 7,817,437 13,524,326 3,347,033 4,668,075 4,470,404 18,192,401 7,817,437 266

2015 12 31 28. 2015 12 31 2014 12 31 82,733 312,822 4,986 3,006 77,747 309,816 82,733 312,822 2015 12 3181,987 2014 314,734 2015 12 314.1%-9.75% 2014 4.1%-11.75% 29. 2015 12 31 2014 12 31 52,765 33,485 15,004 15,508 117,176 37,455 184,945 86,448 30. 2015 12 31 2014 12 31 76,459,449 63,563,468 1,435,112 (134,482) (115,221) 76,324,967 64,883,359 76,324,967 64,883,359 76,324,967 64,883,359 267