Team Philosophy
Backed on professional skills, teamwork and innovative power, GTJA provides all-around services covering corporate bond financing, convertible bond financing, structured finance (asset securitization), bond trading and investment consulting.

Quality Service
GTJA is one of the securities firms with the largest number of fixed income securities business qualifications, and is an A-class T-bond underwriter and an underwriter of policy-linked financial bonds issued by China Development Bank, Agricultural Development Bank of China, and Export & Import Bank of China. In 2004, GTJA became the first A-class dealer in open market for People's Bank of China and the first market maker in interbank bond market among all securities firms. In 2005, GTJA became one of the first three securities companies granted the license to underwrite short-term corporate financing bills and took part in the underwriting syndicate for the debut issue.

GTJA is expanding actively her fixed income securities business, which covers the underwriting, trading and investment of T-bonds, central bank notes, policy-linked financial bonds, common financial bonds, subordinate bonds, corporate bonds, short-term financing bills and asset securitization products. Meanwhile, GTJA provides a complete range of professional services including corporate bond financing, convertible bond financing, structured financing (asset securitization), bond trading and investment consulting.

The professional skills and innovative power of GTJA in fixed income securities business are widely acknowledged by the market authorities and customers. Backed on more than 100 business branches and agents all over the country, GTJA has established a nationwide efficient and convenient sales and service network, catering for diversified needs of customers. And GTJA has established firm long-term cooperative relations with most customers and wins the loyalty of many customers as well.

Performance Highlights
By the end of 2007, GTJA has underwritten more than 140 corporate bonds, among which, GTJA was the exclusive lead underwriter of 33 large issues, collecting over RMB 60 billion and ranking the first among all securities firms in China. Size of T-bond and financial bond underwriting of GTJA ranked the first place in 2004 and 2006, and the second place in 2005. Total size of bond underwriting of GTJA (including T-bonds, financial bonds, central bank notes, corporate bonds and short-term financing bills) was RMB 119.563 billion in 2006 and RMB 134.991 billion in 2007, ranking the third place in the two years. And GTJA's bond trading turnover stayed among the top three of all securities firms for the past years.

Classic Cases
◆ In 2003, GTJA built the first OTC corporate bond trading system in China, which enabled direct access to the trading system of China Government Securities Depository Trust & Clearing Co., Ltd. and therefore allowed for faster trading of a wider array of corporate bonds.
◆ In 2004, GTJA underwrote Henan Expressway corporate bond, the first floor floating corporate bond in China, followed by more and more issues which ended the slack sales of the company's corporate bonds that year.
◆ In 2005, GTJA took the roles as exclusive financial advisor and subordinate securities lead underwriter of issue of the credit asset-backed securities (Kaiyuan 1st Phase, 2005) of China Development Bank, the first asset securitization product in China.
◆ In 2005, GTJA launched GTJA JunDeLi (note: meaning“You benefit”in Chinese) No.1 Increment Collective Asset Management Plan, the first fully open-end fixed income collective asset management product of securities firms.
◆ In 2006, GTJA played the role as the co-lead underwriter of the 19th financial bond issue (2006) of China Development Bank, the first issue of financial bonds through the lead underwriter underwriting system.
◆ In 2006, GTJA was the joint lead underwriter of mixed capital bonds (2006) of Industrial Bank, the first issue of mixed capital bonds in China.
◆ In 2007, GTJA was the co-lead underwriter of China Railway bonds (1st Phase, 2007), the biggest issue of corporate bonds so far.
◆ In 2007, GTJA was the lead underwriter of the credit asset securitization products of Shanghai Pudong Development Bank and Industrial Bank, ranking the top in terms of either size or number of credit asset securitization underwriting projects.
◆ GTJA is also a member of the underwriting syndicate of mortgage-backed securities, Renminbi bonds of foreign institutions (i.e. Panda bonds), financial bonds of commercial banks, and subordinate bonds.