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          China Galaxy Securities Company Limited was established on August 22, 2000 with a registered capital of RMB4.5 billion. It was a wholly state-owned securities company formed by merging the securities departments and retail branches of then China Huarong Trust and Investment Company, then China Great Wall Trust and Investment Company, then China Dongfang Trust and Investment Company, then China Cinda Trust and Investment Company and then China People’s Insurance Trust and Investment Company, which was then the trust and investment companies respectively wholly-owned by Industrial and Commercial Bank of China, China Agricultural Bank, Bank of China, China Construction Bank and China Life Insurance. The scope of business of China Galaxy Securities Company Limited at the time of its establishment included issue of and issuing agent for marketable securities, proprietary trading and trading agent for various marketable securities, depository agent, authentication and transfer of marketable securities, distribution agent for equity interest including debt repayment, interest payment and dividend distribution, fund and asset management, corporate restructuring, merger and acquisition, investment consulting and financial advisory.