BOCI established its equity derivative business in 2003 to focus on both the products business and the trading business. It has a team with extensive experience in delivering investment advice and product innovation. The team's portfolio includes equity-linked notes, covered warrants, and over-the-counter products, which are tailor-made for clients. Dedicated client relationship managers service corporate clients, private banks and fund managers, identifying different investment needs appetite for risk. The team has consistently demonstrated its ability to evaluate and act on emerging trends in the rapidly evolving Asian markets. A global institutional and retail sales network supports cross-boarder operational experience. BOCI is ranked as one of the leading players in equity options and futures markets in terms of trading volume and became the first Chinese investment bank to issue Hong Kong stock warrants in 2004.