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The Research Institute
The Team
Research Products

Orient Securities Research Institute is a headquarter level business department of Orient Securities Company Limited, and a professional research institution engaged in securities and advisory services. It is positioned as a sell side research institution that serves external institutional investors. Since 2007, the Research Institute has successfully switched a sell side research institution from serving the Company internally in the past, charting a development path as a competitive sell side research institute. In recent years, the research team has grown significantly, the scope of research has continued to expand.Client categories have been enhanced and size of revenue has grown rapidly and market influence has risen sharply.

The Orient Securities Research Institute has a complete organizational structure comprising the research team, sales team, and middle and back office support teams, committed to providing outstanding research and sales service to institutional clients. The scope of research covers domestic and foreign macroeconomics, strategic research, investment strategy, fixed income, financial engineering and derivatives. In terms of industry research, coverage extends to hundreds of listed companies in major industry categories and investment themes in the A-share market, as well as overseas investment targets such as H shares. The client groups served include mutual funds, social insurance, insurance companies, QFII, private placement of funds, securities brokerage asset management and other institutional investors.

In recent years, Orient Securities Research Institute has grown rapidly, and its market influence has risen significantly. Its research is ranked near the front at all large fund companies, and is reflected in the soft dollars pertaining to mutual fund commissions, as well as market share. The number of institutional investors such as QFII, insurance companies and private equity have also grown rapidly, with revenue contribution rising steadily.

The rapid growth experienced by Orient Securities Research Institute in recent years has also been widely recognized by the market. The Research Institute has been repeatedly honored in "sell-side analyst rankings" held by various major media over the years.

Orient Securities Research Institute comprises four business lines, namely the research team, the sales team, as well as the middle and back office support teams. Under the guidance of a professional, international and stable management team, having experienced stringent internal development and team building, and nurtured under a positive corporate culture, core team capability with sustained competitiveness has been created, and a professional, efficient and stable team forged.

Management team: Orient Securities Research Institute has a research management team with vast industry experience and rich in entrepreneurial spirit that is also harmonious and stable. The team comprises both pioneers of the Chinese securities market who have grown together with the Shanghai and Shenzhen stock exchanges, as well as professional talent who have practiced in foreign funded research organizations and who are highly accomplished. The management team has successfully integrated the experience of foreign funded firms into local management, and has continued to innovate and develop according to local characteristics.

Research team: Orient Securities Research Institute has a vastly experienced and stable team of securities analysts. Each industry research team comprises senior analysts who have practiced for years, diligent rising stars as well as a group of spirited research assistants. In particular, many of the senior analysts have industrial background and securities market experience, and have extensive experience, profound industrial background and vast resources in their respective sectors of research, with relatively strong influence over buy-side clients, listed companies, industry experts, and other groups. Young analysts with shorter working experience in the industry but who have potential receive all-round development within the Research Institute; they form the future backbone of the Research Institute, and are the producers of highly professional research products.

Sales team: Orient Securities Research Institute has a professional sales services team committed to providing excellent research services to mutual funds, private placement of funds, social insurance, insurance institutions, QFII, asset management companies and various other institutional clients.

Middle and back office support teams: Orient Securities Research Institute has a comprehensive and professional middle and back office support teams covering the functions of various aspects such as human resource, compliance, finance, IT and administration, providing indispensable assurance to the routine operations of the Research Institute.

The scope of research covered by Orient Securities Research Institute includes domestic and foreign macro economies, strategic research, investment strategy, fixed income, financial engineering and derivatives. In terms of industry research, coverage extends to hundreds of listed companies in major industry categories and investment themes in the A-share market, as well as overseas investment targets such as H shares. Major categories of securities research reports published are as follows:

Table: Major categories of securities research reports published:

Scope of research	Details	Type of report	Report themes
Macro	Domestic macro, overseas macro	Dynamic tracking; periodic reports; topical reports	Dynamic tracking and judgment of trends on domestic and foreign macro economies; comments on key policies; comments on macro economic data; research on topical issues of the market; in-depth research reports
Strategy	Portfolio construction and optimization	Equity pool construction and maintenance
	Thematic research, company research	Periodic reports, report series	Topical research on thematic investment opportunities, market strategy weekly, monthly, quarterly, annual strategy
	Industry comparison	Topical reports, report series	Industry comparison and overall analysis, industry rotation
Fixed income	Government bonds, credit bonds, convertible bonds	Periodic reports; topical reports	Periodic tracking reports for the fixed income market; in-depth research reports on topical issues of the market
Absolute returns	Quantitative strategic research	Periodic reports; topical reports	Analysis of fund positions; analysis of event-driven investment opportunities; quantitative trading strategy designs, etc
Financial engineering	Stock index futures	Periodic reports; topical reports	Dynamic tracking report of stock index futures; in-depth research reports on topical issues of the market
Industry research	Industry strategic analysis, research on major listed companies	Initial coverage company reports	All-round analysis of company fundamentals and stock price market condition, including earnings forecast, stock valuation, investment rating, etc;
		Dynamic tracking	Latest dynamic tracking and comments on industries and companies;
		In-depth reports	Industry strategy, performance outlook and review reports, in-depth corporate research reports.

The Research Institute ensures that by way of sound research policies and marketing policies, research results are compliant and independent, and that the promotion of research results are compliant.

Other than research reports, the Research Institute also provides various types of data products, topical research, trading strategy designs and other customized research services. The Research Institute has created a multi-layered, diversified, high-standard and comprehensive research model comprising securities research reports, teleconferences, joint research and surveys, one-on-one roadshows, expert forums, and investment strategy meetings, among others, and has continued to innovate and develop products and services that better correspond with client requirements.

Research Services