China Merchants Securities Co., Ltd. engages in the provision of investment banking. It operates through the following segments: Wealth Management and Institutional, Invesment Banking, Investment Management, Investment and Trading, and Others. The Wealth Management and Institutional segment involves in the in the trading of stocks and futures contracts on behalf of clients. The Invesment Banking segment provides investment banking services to the Group’s institutional clients, including financial advisory, equity underwriting, debt underwriting and sponsorship. The Investment Management segment includes assets management, investing advisory and deal execution services. The Others segment refers to the head office operations, investment holding as well as interest income and expenses incurred for generating working capital for general operation. The company was founded on August 3, 1991 and is headquartered in Shenzhen, China.