Investor Presentaiton

CIBM Remains Dominant China Interbank Bond Market-89.13% of Total Bond Market Assets under custody as of August 2016, total value of RMB 41.41 trillion (%) Asset Backed MTN Securities Enterprise Bonds 1% 9% Capital Instrument 2% Financial Bond 4% Agency Bond 3% 3% Government Bond 26% Policy Bank Bills 30% Local Governnment Bond 21% Source: CCDC Historical Trading Volume in RMB trillion 500 450 400 350 300 250 96.12% 200 150 100 50 3.88% 0 2010 Source: Winds China Exchange Market-10.87 % of Total Bond Market Assets under custody as of August 2016, total value of RMB 5.05 trillion (%) Bonds with Detachable Warrants 0.13% 0.61% Convertible Bond SME PE Bond 9.98% Government Bond 13.99% 3.02% Local Government Bond 0.21% Policy Bank Bonds Central Bank Bills 1% Source: CSDC 9.72% 90.28% 2011 12.6% 87.4% 2012 21.63% 78.37% 2013 23.09% ■Exchange Market ■China Interbank Bond Market Enterprise bonds 16.91% Corporate Bond 55.14% 76.91% 30.84% 69.16% 79.76% 20.24% 2014 2015 Aug 2016 84 citi H

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