A summary of the collection

The collection is an integrated platform for securities and securities-related financial services set up by 3328.HK in Hong Kong. The four main services of the collection include: (I) securities trading and guarantee finance, (ii) corporate financing and underwriting, that is, the first public sale of insurance and securities, securities and stock rights underwriting, (iii) investments and loans, namely, stock rights and fixed income investments, structural financing and loans, and direct stock rights investments and (iv) asset management. That is, mutual fund management, special assets management, private equity fund management and investment fund management.

Industry summary

According to the Hong Kong Stock Exchange, the total turnover of equity on the main board and floor of the Stock Exchange increased from HK $95291 billion in 2012 to HK $174822 billion in 2015, before falling sharply to HK $111731 billion in 2016.

According to the Hong Kong Stock Exchange, the equity pool rose from HK $3054 billion in 2012 to HK $11156 billion in 2015, but plummeted to HK $4900 billion in 2016.

According to the return of Hong Kong's securities industry, the number of live customers guaranteeing financial services in Hong Kong increased from about 139,000 at the end of 2012 to 267,000 at the end of 2016, and the amount of funds due for financing increased from HK $58.8 billion at the end of 2012. up to 1716 billion Hong Kong dollars by the end of 2016.

Cymbals

The securities trading of the market is greatly affected by the overall economic conditions, macro economic and economic policies, market conditions and interest rate fluctuations and other external factors, and the collection may not be able to get stable trading commission and continuing income.

The collection must comply with many constant regulatory rules, and non-compliance or specification changes may cause the collection to be processed.

Valuation

According to the IPO document, as of December 31, 2016, shares should account for HK $5.625 billion to HK $5.951 billion in consolidated tangible assets, equivalent to HK $2.11 to HK $2.23 per share, based on the 26.67 shares expected to be issued after the sale of the shares was completed.