1. China Technology Market Dana Liang

2. Contents Telecom / Wireless Financial Institutions

3. Government Government IPO Let all 6 major players in Telecom market go public -- Netcom, China Telecom, China Mobile, Unicom, 3G technology Discussion on whether to go ahead with it Estimated to give out 4 3G license at the same time Netcom, China Telecom, Unicom as well as China Mobile

4. Mobile Market -Most mobile phone users in the world however it is only 18% of the population, 263 million users -Profitable business with more competitors in 2004, none of the players has 40% of the market share -10 billion short message alone in the 7 days of Chinese New Year -3 Billion Canadian dollars for short message alone in 2003 -Growth rate 100% every year, estimated 5.5 billion Canadian dollars in 2004 -Domestic mobile phone has 60% of the market share in 2003 -Value added service GPRS, Multi-media including image mobile games be the focus for future growth -

5. Fix Telephone and Web Most fix phone users in the world, 259 million users Severe competition with wireless fix phone/ mobile = 10 ADSL /WLAN will keep on growing in 2004 78 million people go on net Profit growth focus on none vocal business, I.e. telephone bill payment Computer game market in China grows at 142% every year, it was a 460 million Canadian dollar market in 2003.

6. Financial Institutions Biggest banks go public overseas –Construction Bank of China –BOC Big projects in Life Insurance market –China Life 15 million US –Pacific Life 12 million US