We are a well-established and the only integrated platform for securities and related financial services of Bank of Communications Co., Ltd. in Hong Kong, one of the State-Owned Joint Stock Commercial Banks. Founded in 1998, we were one of the earliest licensed securities firms with a PRC background in Hong Kong and have weathered many economic and industry cycles as well as regulatory reforms. Our objectives are to offer one-stop securities and financial services for our clients and to expand our international operations. Leveraging Bank of Communications Co., Ltd.'s long established client base in Hong Kong and the PRC, wide brand recognition and industry expertise, we have been able to capitalise on our competitive strengths to increase client adhesion and create value for our clients and shareholders.
We believe that one of our core competitive strengths is our ability to offer comprehensive and integrated securities and financial products and services to our clients. Our principal business lines are:
Powerful support from Bank of Communications Co., Ltd.
Our controlling shareholder Bank of Communications Co., Ltd. was founded in 1908 and is the first nationwide state-owned joint stock commercial bank in the PRC. The H shares and A shares of Bank of Communications Co., Ltd. have been listed on the Stock Exchange (stock code: 3328) and the Shanghai Stock Exchange (stock code: 601328) since 2005 and 2007, respectively.
Bank of Communications Co., Ltd. is a major financial services provider in the PRC and provides a broad range of corporate and retail banking products and services on its own account and through its wholly-owned subsidiaries, non-wholly owned subsidiaries and associates. Its scope of business comprises corporate banking, personal banking, treasury business and other businesses. As a major commercial bank, the Bank of Communications Co., Ltd. Group has diverse client base, encompassing state-owned enterprises, private enterprises, government agencies, other institutional customers, corporates, small and medium enterprises and individuals.
Based on the consolidated audited financial statements of Bank of Communications Co., Ltd. prepared in accordance with International Financial Reporting Standards for the year ended 31 December 2016, the total assets, the aggregate of the net interest income and net fee and commission income, the profit before taxation and the net profit of Bank of Communications Co., Ltd. and its subsidiaries were approximately RMB8, 403,166 million, RMB171, 666 million, RMB86,110 million and RMB67,65 l million, respectively.