Mark Yao

CLSA Ltd. is the Hong Kong-based institutional brokerage subsidiary of CITIC Securities Co., Ltd. (SSE: 600030, SEHK: 6030), a full-service investment bank headquartered in China. Founded in 1986, the firm provides sales and execution services to global investors and corporates.

Macquarie Securities (Australia) Ltd. (MSAL) is a brokerage firm headquartered in Sydney, Australia. The firm was founded in 1969 and is a subsidiary of Macquarie Corporate International Holdings Pty Ltd., ultimately held by Macquarie Group Ltd. (ASX: MQG) in Australia. MSAL serves as the brokering entity for the Macquarie Group.

Goldman Sachs (Asia) LLC (GS-Asia) is the Hong Kong-based brokerage subsidiary of Goldman Sachs Holdings (Hong Kong) Ltd., ultimately owned by The Goldman Sachs Group, Inc. (NYSE: GS), a multinational investment bank and financial services company headquartered in New York City. Founded in 1984, GS-Asia provides market insight, risk management and execution services to institutional clients which includes asset managers, hedge funds, banks and brokerages, pensions, endowments and foundations, corporations, and governments.

Credit Suisse (Hong Kong) Ltd. (CSHK) is a securities brokerage firm headquartered Hong Kong. The firm is a subsidiary of Credit Suisse AG, which is owned by Credit Suisse Group AG (SWX: CSGN; ADR: CS) in Switzerland. CSHK provides corporate and institutional investors with sales, trading, financing, prime services, and market-making in global equities, as well as equities-related securities, options, futures, risk management, and hedging products. Their client-focused platform offers issuer and investor clients access to distribution, trading, and origination capabilities across various markets globally.

Merrill Lynch Far East Ltd. is the stockbroking subsidiary of Merrill Lynch HK Services Ltd., ultimately owned by Bank of America Corp. (NYSE: BAC) in the US. Headquartered in Hong Kong, the firm was founded in 2003 and offers a broad range of brokerage services to institutional investors.

Daiwa Capital Markets (Hong Kong) Ltd. (Daiwa HK) is a securities brokerage firm headquartered Hong Kong. The firm is a subsidiary of Daiwa Capital Markets Asia Holding BV, ultimately owned by Daiwa Securities Group, Inc. (TYO: 8601) in Japan. Founded in 1970, Daiwa HK offers brokerage services to an established international client base.

Part of Deutsche Bank AG, Deutsche Bank AG (Hong Kong) is a financial institution that has been connecting worlds for 65 years. The company is based in Hong Kong, Hong Kong, and serves as the hub for corporate and commercial clients. The company's asset management division, DWS, is a market leader in Hong Kong with a broad product offering. Its corporate bank division is an established market leader in transaction banking, with a presence in 60 countries, including an extensive footprint in HK. The investment bank provides strategic advice to corporate and institutional clients, focusing on the bank’s traditional strengths in financing, advisory, fixed income, and currencies, together with a focused equity capital markets business. The private bank focuses on private customers across all segments as well as business clients, and in HK, this division is represented by a highly competitive wealth manager. The Chinese company was founded in 1958, and its CEO is Werner Steinmüller.

UBS Securities Asia Ltd. (UBS Asia) is a brokerage firm headquartered in Hong Kong. The firm is a subsidiary of UBS AG, which is owned by UBS Group AG (SWX: UBSG) in Switzerland. UBS Asia provides corporate and institutional clients which include intermediary and alternative asset managers with financial advisory services, access to the world's capital markets and securities products and research in the field of equity, fixed-income, rates, foreign exchange, energy and metals.

Polymer Capital Management (HK) Ltd. (Polymer Capital) is an asset management firm headquartered in Hong Kong. The firm was founded by Angus Wai in 2019 and is a subsidiary of Pacific Alliance Group Ltd., which is owned by PAG (Hong Kong). Polymer Capital provides investment advice or services for institutional investors.

Morgan Stanley Asia Ltd. (MSA) is a broker/dealer headquartered in Hong Kong. The firm was founded in 1987 and is a subsidiary of Morgan Stanley (NYSE: MS) in the US. MSA provides institutional securities such as equities, fixed income, derivatives and research.

Part of Morningstar, Inc., Morningstar (Shenzhen) Ltd. is a Chinese company that provides investment research. The company is based in Shenzhen, China. The company was founded in 2003. The CEO is Xiao Hai Zhang.

Point72 Asia (Hong Kong) Ltd. (Point72 Asia-HK) is the Hong Kong-based alternative investment subsidiary of Point72 Asset Management LP (former S.A.C. Capital Advisors LP), ultimately held by Point72 Capital Holdings LP, a global firm headquartered in the US. The firm was founded in 2006 as S.A.C. Capital Advisors (Hong Kong) Ltd. and changed their name to Point72 Asia (Hong Kong) Ltd. in 2014. Point72 Asia-HK offers a range of investment solutions to high net-worth individual and institutional clients.

Kings Court Capital Pte. Ltd. is an independent hedge fund manager headquartered in Singapore. Founded in 2020, the firm manages Kings Court Capital Master Fund, together with its feeder funds.

Redwood Capital Investments LLC (Redwood Capital Investments) is a private equity firm founded in 2006 by James C. Davis. The firm is headquartered in Hanover, Maryland.

BOCI Research Ltd. is an investment research firm headquartered in Hong Kong. The firm was founded in 1998 and is a subsidiary of BOCI Asia Ltd., ultimately held by Chinese government’s China Investment Corp. BOCI Research primarily provides research reports and analysis on China with a focus on telecommunications, property, media, retail, technology, energy, oil and gas, metals and mining, utilities, financials, and transport and logistics sectors.

Schroder Investment Management (Hong Kong) Ltd. (Schroder-HK) is the fund management subsidiary of Schroder International Holdings (Bermuda) Ltd., ultimately held by international asset management group Schroders Plc (LSE: SDR, ADR: SHNWY) in Great Britain. Headquartered in Hong Kong, Schroder-HK was founded in 1971 and manages mutual funds for institutions, government-linked organizations, private clients and unit trusts.

Greenwoods Asset Management Hong Kong Ltd. (Greenwoods HK) is an alternative investment manager headquartered in Hong Kong. The firm was founded in 2005 and is a subsidiary of Shanghai Greenwoods Asset Management Ltd., ultimately owned by Unique Element Corp. in British Virgin Island. Greenwoods HK manages funds and managed accounts that invests in Greater China equities or A-shares for global investors.

Founded in 2001, Macquarie Capital (USA), Inc. is a registered broker/dealer located in New York City. The firm is a subsidiary of Macquarie Bank Ltd. (ASX: MBL). They provide coverage of the following industries: resources, healthcare, security/defense, transportation, financial services, retail/consumer products, TMET (telecommunications, media, entertainment and technology), oil & gas, diversified manufacturing/distribution and infrastructure/utilities. Macquarie Capital (USA), Inc. is a member of FINRA.

UBS Securities LLC is an investment bank and registered broker/dealer headquartered in New York City. The firm was founded in 1998 as UBS Warburg LLC. They are a subsidiary of UBS Americas Holding LLC, ultimately held by UBS Group AG (SWX: UBSG, NYSE: UBS) in Switzerland. UBS Securities is a primary dealer in US Government securities and provides a full range of investment banking services which includes corporate finance, mergers and acquisitions, capital markets, trading and sales, fixed-income, equity research, private banking, underwriting and prime brokerage operations. The firm also provides advisory services and access to capital markets for corporate, institutional, intermediary and alternative asset management clients.

Singular Research is an independent research firm headquartered in Calabasas, California. Founded in 2004, the firm provides research on micro and small-cap companies, particularly those that are emerging, undervalued, and undercovered.

ROTH Capital Partners LLC is a broker/dealer headquartered in Newport Beach, California. The firm was founded in 2001 and is a subsidiary of CR Financial Holdings, Inc. They offer institutional sales and trading services. Their broad institutional coverage includes investors in North America, Canada, UK, Europe and other international territories.

UBS Securities Japan Co., Ltd. (UBS-SJ) is part of the investment banking division and a wholly-owned subsidiary of Switzerland-based UBS AG (SWX: UBSN; NYSE: UBS). Located in Tokyo, the firm was established in 1988. The firm's culture emphasizes cross-business cooperation with fellow subsidiaries both in Japan and globally, combining the reach of a global group with local knowledge and insight. One of the largest securities operations in Japan, UBS-SJ provides investment products and services to Japanese institutional and corporate clients, as well as to foreign investors doing business in Japan. The firm's business is organized in three departments: FIRC (fixed income, rates and currencies), equity and investment banking. The investment banking division specializes in large-cap mergers and acquisitions, performing market research and analysis of M&A deals from a global perspective. The equity department is research-oriented and covers an extensive universe of large-cap Japanese firms. They also cover small- and mid-cap equity, and have specialist expertise in the automobile, auto parts, machinery and pharmaceutical sectors. Services provided to corporate clients include assistance with IPOs, block trades, convertible bonds, and warrants.

China Galaxy International Securities (Hong Kong) Co., Ltd. (CGIS HK) is the Hong Kong-based brokerage subsidiary of China Galaxy International Financial Holdings Ltd., ultimately held by state-owned China Investment Corp., a sovereign wealth company headquartered in China. CGIS HK provides proprietary trading and trading agent for various marketable securities.

China Merchants Securities (HK) Co., Ltd. is a Chinese company that provides brokerage services. It is based in Hong Kong, Hong Kong and ultimately controlled by the Government of China. The company was founded in 1986.

Citigroup Global Markets Asia Ltd. (CGMA) is a securities brokerage firm headquartered Hong Kong. They are a subsidiary of Citigroup Global Markets Hong Kong Holdings Ltd., ultimately owned by Citigroup, Inc. (NYSE: C) in the US. Formerly known as Citi Smith Barney, the firm was reorganized in 2008 when Citigroup combined their brokerage and private banking businesses. CGMA offers stock trading services to various institutional investors.

Credit Suisse (Singapore) Ltd. (Credit Suisse-Singapore) is the Singapore-based subsidiary of Credit Suisse AG, itself a subsidiary of Credit Suisse Group (VX: CSGN; ADR: CS) in Switzerland. Founded in 1971, the firm provides investment banking, private banking and asset management services to a range of corporate and institutional clients and high-net worth individuals. Credit Suisse-Singapore is headquartered in Singapore City.

Part of Jefferies Financial Group, Inc., Jefferies (Australia) Pty Ltd. is a brokerage services provider. The company is based in Sydney, Australia. Michael Stock has been the CEO of the Australian company since 2018.

Nomura International Plc provides a variety of financial services including advisement, investment banking and asset management. It trades in and sells fixed income and equity products, including related derivatives; and provides investment banking services, and corporate finance and private equity services. The company is also involved in asset and principal finance business. It offers investment advisory and management, custody, and employment services. Nomura International was founded in 1981 and is headquartered in London, the United Kingdom.

Part of Macquarie Group Ltd., PT Macquarie Capital Securities (Indonesia) is an Indonesian company that provides brokerage services. The company is based in Jakarta, Indonesia.

Part of Macquarie Group Ltd., Macquarie Capital Securities (Singapore) Pte Ltd. is a diversified financial group based in Singapore, Singapore. The Singaporean company provides clients with asset management and finance, banking, advisory, and risk and capital solutions across debt, equity, and commodities. Macquarie Capital Securities (Singapore) Pte Ltd. has a commitment to environmental, social, and governance (ESG) and aim to serve their clients, shareholders, and communities responsibly. Macquarie Capital Securities offers a track record of unbroken profitability and provides various financial services to investors. The company was founded in 1996, and Eric Alberto Castillo has been the CEO since 2018.

Goldman Sachs (Asia) LLC (South Korea) (Goldman Sachs Korea) is the South Korea-based securities brokerage subsidiary of Goldman Sachs (Asia) LLC, ultimately owned by The Goldman Sachs Group, Inc. (NYSE: GS) in the US. Headquartered in Seoul, Goldman Sachs Korea was founded in 1998 and provides institutional clients with insight, risk management and execution services.

Deutsche Securities Korea Co. is the South Korean broker/dealer subsidiary of Deutsche Holdings (Malta) Ltd., which is owned by Deutsche Bank AG (ETR: DBK) in Germany. Headquartered in Seoul, the firm was founded in 2000 and provides brokerage services to corporate and institutional clients.

JPMorgan Securities (Asia Pacific) Ltd. (JPM Asia) is the Hong Kong-based brokerage subsidiary of JP Morgan Chase & Co. (NYSE: JPM), a global financial services company headquartered in the US. JPM Asia provides brokerage services to local corporations and institutions, multinationals, governments and private clients.

Part of SAS Rue la Boétie, Credit Agricole Securities (Asia) Ltd is a Chinese company that works on various corporates' projects such as initial public offerings, privatisations, capital increases, and issues of convertible bonds and other equity-linked securities. The company is based in Hong Kong, Hong Kong. The company is a part of Group Crédit Agricole's integrated finance and investment banking, asset servicing, and wealth management offering for large clients. Frederik Jean Lucien Coyault has been the CEO of the company since 2017. Credit Agricole Securities (Asia was acquired by Crédit Agricole Corporate & Investment Bank SA from NatWest Group Plc on November 25, 2016.

CGS-CIMB Securities (Hong Kong) Ltd. is a subsidiary of CIMB Group, the leading ASEAN Universal Bank. The company is based in Hong Kong, Hong Kong. The Chinese company provides efficient regional banking solutions for personal and business financial needs. The company has taken various precautionary measures to protect the health of their customers, employees, businesses, and communities during the Covid-19 outbreak. Ultimately, the company is controlled by the Government of China. The company was founded in 1991, and Soo Lik Keoy has been the CEO of the company since 2010.

Standard Chartered Securities (Hong Kong) Ltd. (Standard Chartered HK) is the brokerage subsidiary of Hong Kong-based Standard Chartered Bank (Hong Kong) Ltd., which is owned by Standard Chartered Plc (LON: STAN), a multinational banking and financial services company headquartered in London, UK. Standard Chartered HK offers online securities trading services.

Part of Bank of America Corp., Merrill Lynch (Singapore) Pte Ltd. is a Singaporean company that provides brokerage services. The company is based in Singapore, Singapore. The CEO of the company is Andrew Michael Briski.

Part of Samsung Securities Co., Ltd., Samsung Securities (Asia) Ltd. is a brokerage company based in Hong Kong, Hong Kong. The Chinese company provides brokerage services. The company was founded in 2001. The CEO is Young Kyun Ko.

The Hongkong & Shanghai Banking Corp. Ltd. (Broker) (HSBC-Broker) is the brokerage division of The Hongkong & Shanghai Banking Corp. Ltd. in Hong Kong. Their ultimate parent is HSBC Holdings Plc (LON: HSBA), a multinational investment bank and financial services holding company headquartered in London, UK. HSBC-Broker provides securities brokerage services to their clients.

Nomura Singapore Ltd. (Nomura SG) is the brokerage subsidiary of Nomura Asia Pacific Holdings Co. Ltd, itself a subsidiary of Nomura Holdings, Inc. (TK: 8604, ADR: NMR) in Japan. The firm was founded in 1972 as Singapore Nomura Merchant Banking Ltd. and became Nomura Singapore Ltd. in 1989. Headquartered in Singapore, Nomura SG provides a range of brokerage services to institutional and private clients and are supported by Nomura Securities Singapore Pte Ltd. and Nomura Futures (Singapore) Pte Ltd.

Founded in 1990, Part of Sunwah Kingsway Capital Holdings Ltd., Kingsway Financial Services Group Ltd. is a financial services company based in Hong Kong, Hong Kong. The Chinese company's description simply states "it works!"