As of April 15 2013, our NY branch’s on-balance sheet assets exceed 1 billion US dollar, the on and off-balance sheet total assets are over 1.6 billion. This is a landmark figure for our branch.

After the opening ceremony on August 16 2012, our branch completed its first deal on October 25, 2012 with the support of our head office and guidance from our branch management. So far, all of our businesses have performed well: First, we have actively promoted and developed relationships with local clients. We participated in several syndicated loans for US Fortune 500 clients and also acted as a co-lead arranger in a syndicated loan. Second, we worked with our domestic branches for the domestic-overseas bilateral business. We have been cooperating with domestic branches on all types of businesses, such as refinancing, per aval, overseas loan under domestic guarantee, and LC advising. Third, we have built a strong connection with financial institutions. We engaged in risk participation business with Chinese banks in the US, as well as bonds trading and interbank borrowing and lending.

New York Branch plans to continue this great momentum, and strive for greater achievement as the Branch grows.