Strong Balance Sheet With No DebtA strong equity base and zero recorded debt in 2024 materially reduce leverage risk and provide strategic optionality. This durable financial flexibility supports underwriting, client support and opportunistic investments during weaker markets without near-term refinancing pressure.
Specialist Focus On China’s New EconomyA clear, long-term focus on technology-enabled and innovation-driven companies builds domain expertise, client networks, and reputation. This specialist positioning tends to produce repeat mandates and higher advisory pricing power as China’s new economy sectors mature and require tailored capital markets services.
Multiple Fee-based Revenue StreamsA mix of investment banking fees, ancillary financial services, and investment-related income provides structural diversification of revenue. Over the midterm this broad fee base can smooth cycles, as advisory mandates, recurring services and asset returns do not always move in lockstep.