Mr. Shang Fulin, Chairman of the China Securities Regulatory Commission,
Rings The NASDAQ Stock Market Closing Bell

Wednesday, May 3, 2006
at NASDAQ's MarketSite
in New York City.

China Securities Regulatory Commission

Mr. Shang Fulin, Chairman of the China Securities Regulatory Commission, presides over the closing bell.

The establishment of the State Council Securities Commission (the "SCSC") and the China Securities Regulatory Commission (the "CSRC") in October 1992 marked the formation of this regulatory body. The SCSC is the State authority responsible for exercising centralised market regulation. The CSRC is the SCSC's executive branch responsible for conducting supervision and regulation of the securities markets in accordance with the law.

Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 5/3/2006 Download Hi-Res Quality Photo of this NASDAQ Market Close - Pictured: Mr. Shang Fulin, Chairman of the China Securities Regulatory Commission, signs the podium at the closing bell. These photos are Copyright 2006, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2006, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.