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Terms of Use

Last update: May 24, 2024

These Terms of Use are applicable to web pages on this China Renaissance Equity Research Library (“This Website”) and all content, database and information on This Website (collectively referred to as "Information"), provided by China Renaissance Securities (Hong Kong) Limited and China Renaissance Securities (US) Inc. (collectively, "CR" or “China Renaissance”) and their affiliates, to which you may have access either by using This Website and/or via your email. The Information is made available by CR subject to the terms and conditions stated below.

By accessing This Website, you agree be bound by the terms of these Terms of Use. If you do not agree with any part of these Terms of Use [and/or disclaimers on this website], you must immediately discontinue your access and any use of this website. CR reserves the right to modify these Terms of Use at any time in its sole discretion and without prior notice to you. Such changes will be effective upon publication. Your continued use of This Website after the posting of any changes constitutes your binding acceptance of such changes.

Intellectual Property. You are permitted to download, store, analyze, reformat and print the content, research reports and other information made available to you on This Website only for your own use. You are not permitted to publish, transmit, or otherwise reproduce the Information, in whole or in part, in any format to any third party without the express written consent of CR. In addition, you are not permitted to alter, obscure, or remove any copyright, trademark or any other notices that are provided to you in connection with the Information. CR reserves the right, at any time and from time to time, in the interests of its own editorial discretion and business judgment to add, modify, or remove any of the Information. These Terms of Use are not intended to, and will not, transfer or grant any rights in or to the Information other than those which are specifically described herein, and all rights not expressly granted herein are reserved by CR or the third party providers from whom CR has obtained the information.

Information not to constitute solicitation or recommendation. Information provided on This Website has been prepared for informational purposes only without regard to any particular user’s investment objectives, financial situation or means, and shall not be construed as an offer or solicitation of an offer to purchase or sell any security, financial product or instrument. You should neither construe any of Information contained herein as business, financial, investment, trading, legal, regulatory, tax, or accounting advice nor make such Information the primary basis for any investment decisions made by or on behalf of you. Certain transactions give rise to substantial risk and are not suitable for all investors. You shall consult your advisor, attorney, and tax and accounting advisors concerning any contemplated transactions. In no event will CR be liable for any damages which may be incurred or experienced on account of you using the Information made available on This Website.

No warranties made as to Information. CR makes no warranty, express or implied, concerning Information made available to you. The services provided by us [and our third party providers] are on an “AS IS” basis at your sole risk. CR expressly disclaims any implied warranty of merchantability or fitness for a particular purpose, including any warranty for the use or the results of the use of the Information with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability. Neither CR nor any of its third party providers shall have any responsibility to maintain the data and services made available on This Website or to supply any corrections, updates, or releases in connection therewith. Availability of data and services are subject to change without notice.

No warranties made as to security. CR makes no warranty whatsoever to you, express or implied, regarding the security of this Website, including with respect to the ability of unauthorized persons to intercept or access information transmitted by you through This Website.

No representations made as to other sites. This Website may provide links to certain Internet sites (the “Sites”) sponsored and maintained by third parties. CR is providing such links solely as a convenience to you. Accordingly, CR makes no representations concerning the content of the Sites. The fact that CR has provided a link to the Site does not constitute an endorsement, authorization, sponsorship, or affiliation by CR with respect to the Sites, its owners, or its providers. CR has not tested any information, software, or products found on any of the Sites and therefore does not make any representations with respect thereto, including any representations regarding the content or sponsors of the Sites, or the suitability or appropriateness of the products or transactions described therein. You are encouraged to review the terms of use applicable to those Sites. Any access to, or use of, the Sites is solely at your own risk.

No liability for content or arising from use. CR shall have no liability, contingent or otherwise, to you or to third parties, or any responsibility whatsoever, for the failure of any connection or communication service to provide or maintain your access to This Website, or for any interruption or disruption of such access or any erroneous communication between CR and you, regardless of whether the connection or communication service is provided by CR or a third party service provider. CR shall have no liability, contingent or otherwise, to you or to third parties, for the correctness, quality, accuracy, timeliness, reliability, performance, continued availability, completeness or delays, omissions, or interruptions in the delivery of the Information available on This Website. In no event will CR be liable for any special, indirect, incidental, or consequential damages which may be incurred or experienced on account of you using the Information made available to you on This Website. CR will have no responsibility to inform you of any difficulties experienced by CR or third parties with respect to the maintenance or publication of This Website or any action in connection therewith.

Monitoring by CR. Your access to Information on This Website may be monitored by CR, and the data from such monitoring may be used or disclosed by CR for its internal business purpose in accordance with applicable regulatory rules and for observing any legal, regulatory or other requirements to which CR and its affiliates or any other persons may be subject.

Licence. This Website is provided by China Renaissance Securities (Hong Kong) Limited (“CRSHK”) at Unit 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong, which is regulated by Securities and Futures Commission (“SFC”), with CE number AZX839. CRSHK maintains This Website under its Type 4 (Advising on Securities) licence issued by SFC. CRSHK’s publication of This Website is subject to the SFC rules and guidance, details of which can be found on the SFC website at www.sfc.hk . This Website is also provided by China Renaissance Securities (US) Inc. (“CRSUS”) at 295 Madison Avenue, 18th Floor, New York, NY 10017. Member of FINRA/SIPC.