On December 11th, the Beijing Securities Regulatory Bureau approved Goldman Sachs (China) Securities Limited to publicly offer securities investment fund sales qualification. According to the approval, the license for Goldman Sachs (China) Securities to publicly offer securities investment fund sales is valid for 3 years from the date of issuance. Goldman Sachs (China) Securities shall complete the preparatory work for opening within 6 months in accordance with the requirements of the Securities Investment Fund Law, the Measures for the Supervision and Administration of Securities Investment Fund Sales Institutions, and other laws, regulations and relevant provisions.