DOCSLIB.ORG

Results Announcement for the Year Ended 31 December 2017

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (A joint stock company incorporated in the People’s Republic of China with limited liability under the Chinese corporate name 華泰證券股份有限公司 and carrying on business in Hong Kong as HTSC) (Stock Code: 6886) RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2017 The Board hereby announces the audited results of the Company and its subsidiaries for the year ended December 31, 2017. This announcement contains the full text of the annual results announcement of the Company for 2017, which is in compliance with the requirements of the Hong Kong Listing Rules for the information set out in the preliminary announcement of annual results. PUBLISHEMENT OF THE ANNUAL RESULTS ANNOUNCEMENT AND THE ANNUAL REPORT This results announcement of the Company will be published on the websites of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk and of the Company at www.htsc.com.cn respectively. The annual report of the Company for 2017 will be (i) dispatched to the shareholders of H Shares; and (ii) published on the websites of the Company and The Stock Exchange of Hong Kong Limited on or before April 30, 2018. DEFINITIONS Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as those defined in the section headed “Definition” in this announcement. By order of the Board Zhou Yi Chairman Jiangsu, PRC, March 28, 2018 As of the date of this announcement, the Board of Directors comprises Mr. ZHOU Yi as an executive Director; Ms. PU Baoying, Mr. GAO Xu, Mr. CHEN Ning, Mr. XU Feng, Mr. XU Qing and Mr. ZHOU Yong as non-executive Directors; and Mr. CHEN Chuanming, Mr. LIU Hongzhong, Mr. LEE Chi Ming and Ms. LIU Yan as independent non-executive Directors. —1— CONTENTS Important Notice ...................................................... 3 Definitions ........................................................... 6 Chairman’s Letter...................................................... 11 Company Profile and Key Financial Indicators ........................... 15 Summary of the Company’s Business ................................... 28 Management Discussion and Analysis and Report of the Board ............ 37 Major Events ......................................................... 109 Changes in Ordinary Shares and Shareholders ........................... 138 Directors, Supervisors, Senior Management and Staff ..................... 150 Corporate Governance Report .......................................... 189 Corporate Bonds ...................................................... 243 Financial Report ...................................................... 251 Index of Documents for Inspection ..................................... 252 Information Disclosures of Securities Companies ........................ 253 Appendix I Main Business Qualifications ............................... 254 Appendix II List of Branch Offices and Securities Branches .............. 259 Appendix III Information Disclosures Index ............................. 282 —2— Important Notice The Board of Directors, the Board of Supervisors, Directors, Supervisors and senior management of the Company undertake that the information in this annual report is true, accurate and complete and contains no false record, misleading statement or material omission, and assume individual and joint liabilities to the information in this report. This report was considered and approved at the twelfth meeting of the fourth session of the Board of the Company. Director(s) absent from the meeting Position of absent Name of absent Reasons for absence Directors Directors Name of proxies Director Pu Baoying Business engagement Gao Xu Director Xu Feng Business engagement Zhou Yi Director Zhou Yong Business engagement Zhou Yi None of the Directors and Supervisors had objections towards this announcement. The annual financial report prepared by the CASBE and the IFRS was audited by KPMG Huazhen LLP and KPMG respectively, which issued a standard unqualified audit report to the Company. Zhou Yi, the person in charge of the Company, Shu Ben’e, the person in charge of accounting, and Fei Lei, the officer in charge of the accounting office of the Company (head of accounting department), hereby warrant and guarantee that the financial report contained in the annual report is true, accurate and complete. The profit distribution plan or the reserve capitalization plan for the Reporting Period considered by the Board: As audited by KPMG Huazhen LLP, the profit for the year of the parent company for 2017 was RMB8,482,927,105.80. According to the relevant requirements of the Company Law, Securities Law, Financial Rules for Financial Enterprises (《金融企業財務規則》) and the Articles of Association of the 3 Company, the Company had appropriated 10% statutory surplus reserve, 10% general risk reserve and 10% trading risk reserve of RMB2,544,878,131.74 in total, after which, the profit available for distribution for the year was RMB5,938,048,974.06. Plus the balance of undistributed profit of RMB10,594,696,225.20 in previous years and less the dividend of RMB3,581,384,400.00 distributed according to the profit distribution plan of the Company for 2016, the accumulated profit available for distribution to investors in cash for the year was RMB12,951,360,799.26. The Company is proceeding with the Non-Public Issuance of A Shares. As regulated in the Measures for the Administration of Securities Issuance and Underwriting of CSRC, listed companies shall only issue securities after submitting the profit distribution plan and plan for share capital increase from capital reserve to the General Meeting for resolution or putting such plans approved by the General Meeting into implementation. If the company implements the profit distribution of 2017, then before completing profit distribution, the company cannot issue any securities, which is unfavorable to the procedures for the Non-Public Issuance and even requires to re-perform the relevant internal and external procedures for non-public offering. Thus, the working capital cannot be supplemented in time, which will directly influence the company’s profit of the term and long-term development. Therefore, after comprehensive consideration of factors such as the interests of shareholders and the development of the company, the company will not make profit distribution for 2017, nor will it transfer its capital reserve to increase its share capital. The Company is intended to complete related matters for profit distribution upon the completion of the Non-Public Issuance of A Shares as soon as required by relevant regulatory authorities and the Articles of Association. All independent non-executive Directors of the Company gave the following independent opinions on this profit distribution proposal: The profit distribution proposal of the company in 2017 is in line with the interests of all shareholders. All independent non-executive Directors approve this proposal and agree to submit it to the Annual General Meeting of 2017 for resolution. This profit distribution proposal was already considered and approved by the twelfth meeting of the fourth session of the Board and is to be submitted to the Annual General Meeting for 2017 for resolution. Forward-looking statements including future plans and development strategies involved in this annual report do not constitute the Company’s substantive commitments to investors. The investors are advised to pay attention to investment risks. There is no non-operating misappropriation of funds of the Company by any controlling shareholders and their related parties during the Reporting Period. 4 The Company has not provided any guarantees in favor of others in violation of the decision-making procedures during the Reporting Period. The announcement of the Company is prepared in both Chinese and English. In the event of any inconsistency, the Chinese version should prevail. Warning on Major Risks Macroeconomy and monetary policies, laws and regulations influencing financial and securities industries, rising and falling trends in commercial and financial industries, inflation, exchange rate fluctuations, availability of long and short-term market capital sources, funds raising costs and interest rate levels and fluctuations and overall economic and political conditions may have an impact on the company’s business. Besides, like other companies in the securities industry, inherent risks in the securities market, such as market volatility and trading volume, may also affect the company’s business. The company cannot guarantee the sustainability of favorable political economy and market conditions. Main risks in business operation include: policy risks from national macro-control measures, changes in laws, regulations, relevant regulatory policies and transaction rules in securities industry, which will adversely influence the business of securities companies; compliance risks from business management or professional activities violating laws, regulations or codes, which cause the company being punished by laws, being taken regulatory measures, suffering from property loss or reputation loss;
Recommended publications
  • AHI 163D Expressions of Originality in Visual Art and Culture of Early

    AHI 163D Expressions of Originality in Visual Art and Culture of Early

    AHI 163D Expressions of Originality in Visual Art and Culture of Early Modern China General Itinerary Professor Katharine Burnett University of California, Davis Summer Session I 2010 For AHI 163D in Summer 2010, we will be based in Hangzhou, the capital of the Southern Song Dynasty (1127‐1268), and a center of artistic production from that time on. Hangzhou is one of the most beautiful cities in China. Centered on the picturesque West Lake, it is rimmed with an important museum, teahouses and restaurants, temples with ancient sculptures, pagodas, and tea plantations. We will read Chinese poetry on its shores and take pleasure boat rides to enjoy the views. View of West Lake, Hangzhou As the course focuses on the visual art of the late Ming and early Qing dynasties for which the value of originality was paradigmatic and typically results in forms that are extremely idiosyncratic if not also outright wacky, Wu Bin (ca. 1543‐ca 1626), 500 Luohans, detail, handscroll, ink on paper, Cleveland Museum of Art Wu Bin, On the Way to Shanyin, 1608, detail, handscroll, ink on paper, Shanghai Museum we will take fieldtrips to Nanjing, the political capital of the Ming Dynasty (1368‐ 1644), and the cultural capital of China during the 17th century. Fuzi Miao market in Qinhuai District, Nanjing While in Nanjing, we will wander the ruins of the Ming Palace 明故宮, study paintings in the Nanjing Museum, and explore the Qinhuai District 秦淮区, home to artists and entertainers during the 17th century. While there, we will explore the Fuzi Miao and Imperial Examinations History Museum 夫子廟和江南公園歷史陳列館, the Linggu Temple 靈谷寺, Ming City Walls, and City Gates, Heaven Dynasty Palace 朝天宮, Jiming Temple 雞鳴寺, drum Tower and Bell Tower 大鍾停，鼓樓, as time permits.
  • Figure S1. Spatial Distribution of the Study Sites

    Figure S1. Spatial Distribution of the Study Sites

    Figure S1. Spatial distribution of the study sites Table S1. Site characteristics for the residents’ perceptions studies No. Site Researc (1) (2) (3) (4) (5) (6) Reference h time 1 Wuhu Fangte Theme Park, AnHui 2007 3.44 3.51 3.65 2.55 3.72 2.92 ZhangChunhua et al. (2010) 2 Yellow Crane Tower, Hubei 2008 3.39 3.38 3.40 2.52 3.69 3.02 Chen Ting (2008) 3 Haimen, Jiangsu 2014 3.72 3.18 3.73 2.70 4.19 2.93 Zhu Mei, Wei Xiangdong. (2014) 4 Xidi village, AnHui 2002 3.46 3.39 3.75 2.66 3.90 3.02 Wang Li. (2004) 5 Hong village, AnHui 2002 3.47 3.69 3.72 2.66 3.90 3.69 Wang Li. (2004) 6 Dalian, Liaoning 2008 3.61 3.53 3.72 2.95 3.95 3.18 Wang Zhongfu. (2009) 7 Hongsha Village, Chengdu, Sichuan 2004 3.77 3.89 3.89 2.60 4.63 2.79 Ye Hong. (2007) 8 Yajiaying village, Hebei 2008 3.85 3.26 3.90 1.66 4.11 2.10 Feng Hongying, Zhao Jintao. (2009) 9 Hengjiangtun, Guangxi 2009 3.29 3.33 3.83 2.43 3.75 2.99 Zhang Jing. (2010) 10 Jiaodong village, Shandong 2013 3.76 3.91 3.49 2.20 3.90 2.93 Jia Yanju, Wang Degang. (2015) 11 Fang village, Urumqi, Xinjiang 2014 3.59 3.44 3.81 2.65 3.90 2.64 DingYu et al. (2015) 12 Gongcheng, Guangxi 2014 3.51 4.22 3.54 1.51 4.64 2.77 LiuYaping.
  • Analysis of Character Convergence of Jiangnan Ancient Towns Lei Yunyao , Zhang Qiongfang

    Analysis of Character Convergence of Jiangnan Ancient Towns Lei Yunyao , Zhang Qiongfang

    International Forum on Management, Education and Information Technology Application (IFMEITA 2016) Analysis of Character Convergence of Jiangnan Ancient Towns Lei Yunyao1, a, Zhang Qiongfang 1,b 1 Wuchang Shouyi University, Wuhan 430064 China [email protected], b [email protected] Key Words：Jiangnan Ancient Towns; Character convergence; Analysis Abstract：This article illustrates the representation of character convergence of Jiangnan Ancient Towns. It analyzes the formation mechanism of character convergence to build the whole image of these ancient towns with Zhouzhuang as a prototype. Based on Tourism Geography Theory and Regional Linkage Theory, it puts forward the fact that the character convergence can be beneficial to building a whole tourism image and to enhancing people’s awareness of ancient heritage. But some problems caused by the convergence will also be presented, such as the identical tourism development model, the backward infrastructure and the destruction of original ecology. Introduction With Taihu Lake as the center, the region of Jiangnan, the south of the lower reaches of the Yangtze River, is scattered all over by many historic ancient towns. These towns have a long history and deep cultural deposit. They are densely occupied and economically developed. They form a national transport network combined with inland waterway. These towns have witnessed a long-term economic prosperity in the south of the lower reaches of the Yangtze River and are now generally called “Jiangnan Ancient Towns”. Since 1980s, under the wave of reform, opening up and modernization construction, experience-based tourism and leisure tourism of these towns have achieved great development. Under the influence of “China's First Water Town” Zhouzhuang, some other similar towns like Tongli, Luzhi, Xitang, Nanxun, Wuzhen all choose to follow suit.
  • Suzhou Museum

    Suzhou Museum

    江 苏 Culture Scenery Gourmet Useful Info © Xie Guanghui Introduction & Map 苏州简介&地图 of SUZHOU Cultural Suzhou is one of the oldest cities in China. Canglang Pavilion, Lion Grove 历史文化 History Garden, Humble Administrator's Garden and Lingering Garden are iconic cultural sites built in the Song, Yuan, Ming and Qing dynasties respectively. Small bridges and running brooks at the ancient towns of Luzhi, Tongli and Humble Administrator's Garden Zhouzhuang spell out exquisiteness for the city. The Tianping Mountain in the southwest Suzhou is one of the four major Being one of then famous landscaped gardens in Suzhou, built in Ming maple viewing attractions in the country. dynasty, this garden is designed base on a waterbody, surrounded by pavilions, rock sculpture, and lush greenery which resemble the Southern Chinese’s fond of appreciating the natural splendours. N LIANYUNGANG Night Tour in Master of the Nets Garden XUZHOU Built since the Southern Song dynasty, the highly notable garden introduced night SUQIAN tour to tourists since year 1990, which is now HUAI'AN highly recommended by UNESCO as one of the must-visit tourist product ones should YANCHENG not miss. During the night tour, tourists will be able to listen to ancient operas and experience themselves the thoughtfully planned landscapes. © Chu Kit YANGZHOU NANJING TAIZHOU Zhouzhuang Water Town NANTONG ZHENJIANG Built since the Northern Song dynasty, the water town now features 60% WUXI CHANGZHOU architecture from the Ming and Qing Beijing dynasties. Canals run through the town SUZHOU and bridges connect the neighbourhood Shanghai Jiangsu from one end to another. Its beautiful Province SHANGHAI sceneries are a testament to the town's fame as the 'Venice of the East'.
  • Shanghai Hanyu Medical Technology Co., Ltd.* 上海捍宇醫療科技股份

    Shanghai Hanyu Medical Technology Co., Ltd.* 上海捍宇醫療科技股份

    The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Shanghai Hanyu Medical Technology Co., Ltd.* 上海捍宇醫療科技股份有限公司 (the “Company”) (A joint stock company incorporated in the People’s Republic of China with limited liability) WARNING The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the “Exchange”)/the Securities and Futures Commission (the “Commission”) solely for the purpose of providing information to the public in Hong Kong. This Application Proof is in draft form. The information contained in it is incomplete and is subject to change which can be material. By viewing this document, you acknowledge, accept and agree with the Company, its sponsor, advisers or members of the underwriting syndicate that: (a) this document is only for the purpose of providing information about the Company to the public in Hong Kong and not for any other purposes. No investment decision should be based on the information contained in this document; (b) the publication of this document or supplemental, revised or replacement pages on the Exchange’s website does not give rise to any obligation of the Company, its sponsor, advisers or members of the underwriting syndicate to
  • UNIQLO Core Partner Factory List ユニクロ主要取引先工場リスト

    UNIQLO Core Partner Factory List ユニクロ主要取引先工場リスト

    UNIQLO Core Partner Factory List ユニクロ主要取引先工場リスト As of 28 February 2017, the factories in this list constitute the major garment factories of core UNIQLO manufacturing partners. 本リストは、2017年2月末時点におけるユニクロ主要取引先の縫製工場を掲載しています。 No. Country Factory Name Factory Address 1 Bangladesh Colossus Apparel Limited unit 2 MOGORKHAL, CHOWRASTA NATIONAL UNIVERSITY, GAZIPUR SADAR, GAZIPUR 2 Bangladesh NHT Fashions Ltd. Plot no. 20-22, Sector-5, CEPZ, South Halishahar, Chittagong 3 Bangladesh Pacific Jeans Limited Plot # 14-19, Sector # 5, CEPZ, Chittagong 4 Bangladesh STYLECRAFT LTD 42/44, Chandona, Joydebpur, Gazipur 5 Bangladesh TM Textiles & Garments Ltd. MOUZA-KASHORE, WARD NO.-06, HOBIRBARI,VALUKA,MYMENSHING, Bangladesh. 6 Bangladesh Universal Jeans Ltd. Plot 09-11, Sector 6/A, Chittagong Export Processing Zone, Chittagong 7 Bangladesh YOUNGONES BD LTD UNIT-II 42 (3rd & 4th floor) Joydevpur, Gazipur 8 Bangladesh Youngones(Bangladesh) Ltd.(Unit- 24, Laxmipura, Shohid chan mia sharak, East Chandona, Joydebpur, Gazipur, 2) Bangladesh 9 Cambodia Cambo Unisoll Ltd. Seda village, Vihear Sour Commune, Ksach Kandal District, Kandal Province, Cambodia 10 Cambodia Golden Apparel (Cambodia) National Road No. 5, No. 005634, 001895, Phsar Trach Village, Long Vek Commune, Limited Kompong Tralarch District, Kompong Chhnang Province, Kingdom of Cambodia. 11 Cambodia GOLDFAME STAR ENTERPRISES ROAD#21, PHUM KAMPONG PRING, KHUM SETHBO, SROK SAANG, KANDAL ( CAMBODIA ) LIMITED PROVINCE, KINGDOM OF CAMBODIA 12 Cambodia JIFA S.OK GARMENT Manhattan ( Svay Rieng ) Special Economic Zone, National Road#, Sangkat Bavet, (CAMBODIA) CO.,LTD Krong Bavet, Svay Rieng Province, Cambodia 13 China Okamoto Hosiery (Zhangjiagang) Renmin West Road, Yangshe, Zhangjiagang, Jiangsu, China Co., Ltd 14 China ANHUI NEW JIALE GARMENT WenChangtown, XuanZhouDistrict, XuanCheng City, Anhui Province CO.,LTD 15 China ANHUI XINLIN FASHION CO.,LTD.
  • BANK of JIANGSU CO., LTD.Annual Report 2015

    BANK of JIANGSU CO., LTD.Annual Report 2015

    BANK OF JIANGSU CO., LTD.Annual Report 2015 Address：No. 26, Zhonghua Road, Nanjing, Jiangsu Province, China PC：210001 Tel：025-58587122 Web：http://www.jsbchina.cn Copyright of this annual report is reserved by Bank of Jiangsu, and this report cannot be reprinted or reproduced without getting permission. Welcome your opinions and suggestions on this report. Important Notice I. Board of Directors, Board of Supervisors as well as directors, supervisors and senior administrative officers of the Company warrant that there are no false representations or misleading statements contained in this report, and severally and jointly take responsibility for authenticity, accuracy and completeness of the information contained in this report. II. The report was deliberated and approved in the 19th board meeting of the Third Board of Directors on February 1, 2016. III. Except otherwise noted, financial data and indexes set forth in the Annual Report are consolidated financial data of Bank of Jiangsu Co., Ltd., its subsidiary corporation Jiangsu Danyang Baode Rural Bank Co., Ltd. and Suxing Financial Leasing Co., Ltd. IV. Annual financial report of the Company was audited by BDO China Shu Lun Pan Certified Accountants LLP, and the auditor issued an unqualified opinion. V. Xia Ping, legal representative of the Company, Ji Ming, person in charge of accounting work, and Luo Feng, director of the accounting unit, warrant the authenticity, accuracy and integrality of the financial report in the Annual Report. Signatures of directors: Xia Ping Ji Ming Zhu Qilon Gu Xian Hu Jun Wang Weihong Jiang Jian Tang Jinsong Shen Bin Du Wenyi Gu Yingbin Liu Yuhui Yan Yan Yu Chen Yang Tingdong Message from the Chairman and service innovation, made great efforts to risk prevention and control, promoted endogenous growth, improved service efficiency and made outstanding achievements.
  • Journal of Chinese Architecture and Urbanism

    Journal of Chinese Architecture and Urbanism

    Jiaanbieyuan new courtyard-garden housing in Suzhou Zhang Journal of Chinese Architecture and Urbanism 2019 Volume 1 Issue 1: 1-19 Research Article Jiaanbieyuan New Courtyard-Garden Housing in Suzhou: Residents’ Experiences of the Redevelopment Donia Zhang Neoland School of Chinese Culture, Canada Corresponding author: Donia Zhang, 11211 Yonge Street, Richmond Hill, Ontario, Canada. L4S 0E9 Email: [email protected] Citation: Zhang D, 2019, Jiaanbieyuan New Courtyard-Garden Housing in Suzhou: Residents’ Experiences of the Redevelopment. Journal of Chinese Architecture and Urbanism, 1(1): 526. http://dx.doi.org/10.26689/jcau.v1i1.526 ABSTRACT Cultural vitality as the fourth pillar of sustainable development has been widely acknowledged, and vernacular architecture as a major part of a nation’s material culture has entered the cultural sustainability dialogue. This recognition demands that new housing design and development should honor a local or regional identity. This in-depth case study assesses the architectural, environmental, spatial, constructional, social, cultural, and behavioral aspects of the Jiaanbieyuan (“Excellent Peace Courtyard-Garden Housing Estate”) built in Suzhou, China, in 1998. The 500-unit Jiaanbieyuan is located close to two UNESCO World Cultural Heritage sites, the Canglang (“Surging Waves”) Pavilion and the Master-of- Nets Garden. It has attempted to recreate Suzhou’s traditional architecture and landscape architecture. Quantitative and qualitative data were collected through numerous research methods, including onsite surveys and interviews. The findings show the new housing forms do not promote social relations as effectively as the traditional housing of the past. Moreover, the communal Central Garden has functioned to some extent as a social and cultural activity space.
  • Table of Codes for Each Court of Each Level

    Table of Codes for Each Court of Each Level

    Table of Codes for Each Court of Each Level Corresponding Type Chinese Court Region Court Name Administrative Name Code Code Area Supreme People’s Court 最高人民法院 最高法 Higher People's Court of 北京市高级人民 Beijing 京 110000 1 Beijing Municipality 法院 Municipality No. 1 Intermediate People's 北京市第一中级 京 01 2 Court of Beijing Municipality 人民法院 Shijingshan Shijingshan District People’s 北京市石景山区 京 0107 110107 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Haidian District of Haidian District People’s 北京市海淀区人 京 0108 110108 Beijing 1 Court of Beijing Municipality 民法院 Municipality Mentougou Mentougou District People’s 北京市门头沟区 京 0109 110109 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Changping Changping District People’s 北京市昌平区人 京 0114 110114 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Yanqing County People’s 延庆县人民法院 京 0229 110229 Yanqing County 1 Court No. 2 Intermediate People's 北京市第二中级 京 02 2 Court of Beijing Municipality 人民法院 Dongcheng Dongcheng District People’s 北京市东城区人 京 0101 110101 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Xicheng District Xicheng District People’s 北京市西城区人 京 0102 110102 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Fengtai District of Fengtai District People’s 北京市丰台区人 京 0106 110106 Beijing 1 Court of Beijing Municipality 民法院 Municipality 1 Fangshan District Fangshan District People’s 北京市房山区人 京 0111 110111 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Daxing District of Daxing District People’s 北京市大兴区人 京 0115
  • A Developed Framework for the Multi-District Ecological Compensation Standards Integrating Ecosystem Service Zoning in an Urban Area in China

    A Developed Framework for the Multi-District Ecological Compensation Standards Integrating Ecosystem Service Zoning in an Urban Area in China

    sustainability Article A Developed Framework for the Multi-District Ecological Compensation Standards Integrating Ecosystem Service Zoning in an Urban Area in China Jia He 1,2, Yu Wan 3, Zhonglin Tang 1,2, Xiaodong Zhu 4,* and Chuanhao Wen 5,* 1 National Research Center for Upper Yangtze Economy, Chongqing Technology and Business University, Chongqing 400067, China 2 School of Economics, Chongqing Technology and Business University, Chongqing 400067, China 3 School of River and Ocean Engineering, Chongqing Jiaotong University, Chongqing 400074, China 4 State Key Laboratory of Pollution Control and Resource Reuse, School of the Environment, Nanjing University, Nanjing 210023, China 5 School of Economics, Yunnan University, Yunnan 650500, China * Correspondence: [email protected] (X.Z.); [email protected] (C.W.); Tel.: +86-138-0903-8178 (X.Z.); +86-185-0234-0601 (C.W.) Received: 26 June 2019; Accepted: 3 September 2019; Published: 6 September 2019 Abstract: Ecological compensation is an effective means to adjust relationships among stakeholders in order to conserve and/or sustainably use ecosystem services. The current ecological compensation standards (ECS) do not well reflect the differences in ecological, social, and economic development. Thus, we took a typical urbanization area (the Suzhou–Wuxi–Changzhou region) in China as an example, because of its prominent contradiction between rapid socio-economic development and fragile ecosystem. Combined with the ecological, economic, and social conditions, the methods of ecosystem service value (ESV) evaluation, cluster analysis, and scenario analysis were used to propose an optimized spatial zoning method and optimal development scenario. Then, the ECS by different zones were determined by using ESV assessment, cost-benefit analysis, and contingent valuation method.
  • Representativeness of Urban Highest Polluted Zones for Sitting Traffic

    Representativeness of Urban Highest Polluted Zones for Sitting Traffic

    35 Representativeness of Urban Highest Polluted Zones for Sitting Traffic-Oriented Air Monitoring Stations in a Chinese City∗ Francesca COSTABILE∗∗, Franco DESANTIS∗∗, Weimin HONG∗∗∗, Fenglei LIU∗∗∗, Rosamaria SALVATORI∗∗, Fenjuan WANG∗∗∗∗ and Ivo ALLEGRINI∗∗ Passive sampling technique was used to preliminary assess the spatial and temporal dis- tribution of air pollution in Suzhou (P.R. China) in 2003, with the aim to determine the rep- resentativeness of zones where to monitor air quality. 100 sites were selected to measure 15-days average concentrations of SO2,NOx,NO2,O3,NH3, Benzene, Toluene and Xylene in winter and summer. The distribution trend of NO and NO2, as well as the ratio of NO2/NOx was used to identify the heavy traffic polluted zones and design a network of monitoring sta- tions (macrositing). NO2/NOx ratios varied throughout the two selected seasons and from site to site clearly demonstrating the different extent and completeness of NO → NO2 oxidation processes in time and space. The exceedance frequencies of pollutants was used to design the type of monitoring equipment to be installed at each station (micrositing). An air quality monitoring network composed by 9 monitoring stations has been finally established in 2004 according to the result of this survey and is now currently running. Key Words: Air Pollution, Air Quality, Monitoring Network, NO2/NOx Ratio, Representa- tiveness emission factors (emission rates as a function of speed and 1. Introduction operating variables) were developed by the China National Traffic-induced air pollution in China first gained at- Mobile Source Emission Laboratory(5): because of Chi- tention in the early 1980s(1).
  • Results Announcement for the Year Ended December 31, 2020

    Results Announcement for the Year Ended December 31, 2020

    (GDR under the symbol "HTSC") RESULTS ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 The Board of Huatai Securities Co., Ltd. (the "Company") hereby announces the audited results of the Company and its subsidiaries for the year ended December 31, 2020. This announcement contains the full text of the annual results announcement of the Company for 2020. PUBLICATION OF THE ANNUAL RESULTS ANNOUNCEMENT AND THE ANNUAL REPORT This results announcement of the Company will be available on the website of London Stock Exchange (www.londonstockexchange.com), the website of National Storage Mechanism (data.fca.org.uk/#/nsm/nationalstoragemechanism), and the website of the Company (www.htsc.com.cn), respectively. The annual report of the Company for 2020 will be available on the website of London Stock Exchange (www.londonstockexchange.com), the website of the National Storage Mechanism (data.fca.org.uk/#/nsm/nationalstoragemechanism) and the website of the Company in due course on or before April 30, 2021. DEFINITIONS Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as those defined in the section headed “Definitions” in the annual report of the Company for 2020 as set out in this announcement. By order of the Board Zhang Hui Joint Company Secretary Jiangsu, the PRC, March 23, 2021 CONTENTS Important Notice ........................................................... 3 Definitions ............................................................... 6 CEO’s Letter .............................................................. 11 Company Profile ........................................................... 15 Summary of the Company’s Business ........................................... 27 Management Discussion and Analysis and Report of the Board ....................... 40 Major Events.............................................................. 112 Changes in Ordinary Shares and Shareholders .................................... 149 Directors, Supervisors, Senior Management and Staff..............................