

Core Pacific Securities International was formed in Hong Kong
in 1992 by Core Pacific Securities Company Ltd., a leading Taiwan
securities company, as an outpost for entering China's capital market.
The controlling shareholder of Core Pacific Securities is Core
Pacific Group, a diversified business group with headquarters in
Taipei and a focus on the Greater China region. In January 1998,
it acquired the Hong Kong operation of the Yamaichi Company, once
the fourth largest Japanese securities company, but which had failed
as a result of the Asian financial crisis. The company was renamed
Core Pacific-Yamaichi International (H.K.) Limited, with a net worth
of around HK$700 million. In the following years, Core Pacific-Yamaichi
developed its Greater China focused securities business on the initial
foundation laid by Core Pacific Securities International.
In March 2000, as part of a development in Taiwan in which Core
Pacific Securities merged with Yuanta Securities Company to become
Yuanta-Core Pacific Securities Company, Core Pacific - Yamaichi
absorbed the Hong Kong operations of Yuanta Securities Company,
raising its net asset value above HK$900 million (30 September,
2004). |