Expansion of the Group’s business scope and introduction Sample Clauses

Expansion of the Group’s business scope and introduction of innovative products The Group provides extensive financial products and services to its customers. Since 2015, the Group has accelerated the integration of business layout. For example, the Group completed the acquisition of 70% shares of Sun Hung Kai Financial Group Limited in mid- 2015; established Everbright Pramerica Assets Management Co., Ltd. in mid-2015; completed the acquisition of 51% equity interests of China Everbright Securities International Limited in mid-2016; and initiated and established Everbright Development Investment Co., Ltd. in mid-2017. In addition, benefiting from the advancement of marketization reform of the PRC financial industry and the increased internationalization degree of the financial market, the Group’s scope of business has expanded and the Group has begun engaging in new businesses including panda bonds, green financial bonds, trading of bullion and precious metals, proxy sale of bullion and precious metals, listed company merger and acquisition funds, government industry types funds, private equity fund custody, futures and assets management, designated customer asset management and share option market making. Accordingly, it is expected that the total net inflow and total net outflow of securities and financial products transactions between the Group and the Everbright Group together with its associates will grow substantially.
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