4 China's Capital Markets-The changing landscape 02011 KPMG, a Hong Kong partnership and a member firm of the KPMG network of independent member firms affilated with KPMG Intemational Cooperative [ KPMG International"), a Swiss entity. All rights rese© 2011 KPMG, a Hong Kong partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. © 2011 KPMG, a Hong Kong partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 4 | China’s Capital Markets - The changing landscape