In 2003, Sinochem, as the major investor, established Lion Fund Management Co. Ltd. By the end of 2006, there are five open-ended funds under Lion Fund’s flagship. They are Lion Balanced Securities Investment Fund, Lion Monetary Market Fund, Lion Stock Securities Investment Fund, Lion Mid-term and Short-term Securities Investment Fund, Lion Value Growth Stock Investment Fund. The assets scale of the fund has exceeded RMB 12.7 billion Yuan and performed quite well. During the assessment activities of Morningstar Securities and Galaxy Securities, Lion Mid-term and Short-term Securities Investment Fund, Lion Balanced Securities Investment Fund and Lion Monetary Market Fund respectively won the first, second and third position in the performance evaluations of the same type of securities. In addition, Lion Balanced Securities Investment Fund entered the comparison activity of “Top Ten Diamond Securities” organized by Funds Observer. Moreover, Sinochem also shared Baoying Fund Management Co. Ltd.