Yinhua was approved eligible for corporate pension investment management business in August 2005, becoming one of the first nine fund management companies that received such qualification in the first eligibility evaluation.

Yinhua has made in-depth and systematic research on corporate pension investment management and finished reports totaled 200 thousand words since June 2003, among which six papers were published on national academic publications such as Operation and Supervision of Corporate Pension and China Securities.

Yinhua successively launched 4 innovative open-end funds during the previous three years. In the design of corporate pension products, Yinhua has effectively developed a series of lifecycle portfolios which includes various risk-return characteristics (lower-risk products account for the most part) in accordance with the guidelines from the program participants. Yinhua will also provide customized corporate pension products and investment services for clients.

Yinhua has set up Institutional Account Management Department, which is responsible for pension investment management operations. 2/3 of the department employees received master's degrees with average of over 4 years of security investment experience. Most of them participated the Training Programs for Corporate Pension Management sponsored by Ministry of Labor and Social Security. This department will also share the resources provided by our fund investment and research platform.

Yinhua has established sound procedures regarding corporate pension investment management to ensure disciplined operations, effective risk control and ultimate protection of the beneficiaries' interests.