Investor Presentaiton

Current Status of RMB and China Bond Market The RMB is fast becoming an attractive global currency and the China bond market has also gained its international position in terms of bond issuance and trading volume. 6 57 47 Top 6 Currency in Global Payments China is now the world's largest economy measured by purchasing power parity (PPP) and the largest trading nation. RMB has been showing a consistent three-digit growth over the past two years with an increase in value of payments by +321%. The successful RMB inclusion in the SDR basket (in effect from October 2016) will shake up the way the world thinks about a 'reserve asset'. World Payment Shares in SWIFT June 2016 Bond Outstanding amount reach RMB 57 trillion The China bond market has grown more than six times in size since 2005, making China the largest among emerging markets and the third largest in the world by issuance. Trading activity has grown rapidly and the market is very liquid with ~RMB 485 trillion in total trading volume as of June 2016. China Total Bond Outstanding Amount June 2016, in RMB trillion 47% Debt to GDP Ratio China's bond market is still small by GDP Share compared to global or regional peers. In 2016, the estimated national debt of China was at about 46.76 percent of the gross domestic product. Country Debt to GDP Ratio June 2016 (%) USD 40.97% EUR 30.82% GBP 8.73% JPY 3.46% CAD 1.96% CNY 1.72% AUD 1.68% CHF 1.41% SEK 1.16% HKD 1.04% Source: RMB tracker by SWIFT 70 60 60 50 40 40 30 30 20 20 10 0 300% 40 57 250% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 YTD Source: Winds 2016 200% 150% 100% 47% 50% 0% China India Source: Statista EST. Germany Brazil UK France US Japan 81 cíti H

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