DOCSLIB.ORG

Annual Report 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2019 HAITONG SECURITIES CO., LTD. 海通證券股份有限公司 Annual Report 2019 年度報告 2019 Annual Report CONTENTS Section I DEFINITIONS AND MATERIAL RISK WARNINGS 4 Section II COMPANY PROFILE AND KEY FINANCIAL INDICATORS 8 Section III SUMMARY OF THE COMPANY’S BUSINESS 25 Section IV REPORT OF THE BOARD OF DIRECTORS 33 Section V SIGNIFICANT EVENTS 85 Section VI CHANGES IN ORDINARY SHARES AND PARTICULARS ABOUT SHAREHOLDERS 123 Section VII PREFERENCE SHARES 134 Section VIII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT AND EMPLOYEES 135 Section IX CORPORATE GOVERNANCE 191 Section X CORPORATE BONDS 233 Section XI FINANCIAL REPORT 242 Section XII DOCUMENTS AVAILABLE FOR INSPECTION 243 Section XIII INFORMATION DISCLOSURES OF SECURITIES COMPANY 244 IMPORTANT NOTICE The Board, the Supervisory Committee, Directors, Supervisors and senior management of the Company warrant the truthfulness, accuracy and completeness of contents of this annual report (the “Report”) and that there is no false representation, misleading statement contained herein or material omission from this Report, for which they will assume joint and several liabilities. This Report was considered and approved at the seventh meeting of the seventh session of the Board. All the Directors of the Company attended the Board meeting. None of the Directors or Supervisors has made any objection to this Report. Deloitte Touche Tohmatsu (Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu Certified Public Accountants LLP (Special General Partnership)) have audited the annual financial reports of the Company prepared in accordance with PRC GAAP and IFRS respectively, and issued a standard and unqualified audit report of the Company. All financial data in this Report are denominated in RMB unless otherwise indicated. Mr. Zhou Jie, Chairman of the Company, Mr. Zhang Xinjun, the Chief Financial Officer, and Mr. Ma Zhong, the head of the accounting department warrant the truthfulness, accuracy and completeness of the financial report contained in the Report. The Board considered the profit distribution proposal or proposal on transfer of capital reserve funds into share capital for the Reporting Period, which are as follows: The Company has made appropriations of 10% of its net profit for the year 2019 to statutory surplus reserve, general risk reserve and transaction risk reserve, respectively, in the aggregate amount of RMB2,023,482,191.79 as audited. The distributable profit for the year 2019 after such appropriations was RMB3,267,779,604.81 and the Company’s retained profits amounted to RMB24,708,236,893.88 at the end of 2019. 2 HAITONG SECURITIES CO., LTD. | Annual Report 2019 (H Share) IMPORTANT NOTICE As prescribed in the article 18 of the Measures for the Administration of Securities Issuance and Underwriting (《證券發行與承銷管理辦法》) issued by the CSRC, the listed companies shall only issue securities after submitting the profit distribution plan and plan for conversion of the capital reserve into share capital to the general meeting for approval and putting such plans approved at the general meeting into implementation. Therefore, if the Company implements the profit distribution plan of 2019, it shall not proceed with the non- public issuance of A Shares until completion of the profit distribution. Given the Company is currently proceeding with the non-public issuance of A Shares, 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 2019, nor will it convert its capital reserve funds into share capital. The Company intends to subsequently proceed with the related matters for profit distribution as soon as practicable following completion of the non-public issuance of A Shares of the Company in accordance with requirements of relevant regulatory authorities and the Articles of Association. Forward-looking statements, including future plans and development strategies, may be included in this report. All statements contained herein other than statements of historical fact are, or may be deemed to be, forward-looking statements. Neither the Company nor any of its subsidiaries undertakes any obligation to publicly update or revise any forward-looking statement as a result of new data. Investors should be reminded of the risks of investments and not place undue reliance on forward-looking statements. No appropriation of funds on a non-operating basis by the Company’s controlling shareholders or their respective related parties has occurred during the Reporting Period. The Company did not provide external guarantees in violation of the stipulated decision-making procedures during the Reporting Period. HAITONG SECURITIES CO., LTD. | Annual Report 2019 (H Share) 3 SECTION I DEFINITIONS AND MATERIAL RISK WARNINGS I. DEFINITIONS In this Report, unless the context otherwise requires, the following terms and expressions have the meanings set forth below: “A Share(s)” domestic shares of the Company, with a nominal value of RMB1.00 each, which are listed and traded on the Shanghai Stock Exchange “Articles of Association” or the articles of association of Haitong Securities “Articles” “Board” the board of Directors of Haitong Securities “CMBS” commercial mortgage-backed securities “Code” the Corporate Governance Code and Corporate Governance Report set out in Appendix 14 to the Hong Kong Listing Rules “Company Law” the Company Law of the People’s Republic of China “Company” or Haitong Securities Co., Ltd. “Haitong Securities” “CSRC” the China Securities Regulatory Commission “Director the director(s) of Haitong Securities “ETF” exchange traded fund “EUR” the official currency of the Eurozone “FICC” fixed-income instruments, currencies, and commodities “Fullgoal Fund” Fullgoal Fund Management Co., Ltd. (富國基金管理有限公司) “Group” the Company and its subsidiaries “Gui’an UT” Gui’an UT Financial Leasing (Shanghai) Co., Ltd. (貴安恒信融資租賃 （上海）有限公司) “H Share(s)” ordinary shares of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in HK dollars and are listed on the Hong Kong Stock Exchange 4 HAITONG SECURITIES CO., LTD. | Annual Report 2019 (H Share) SECTION I DEFINITIONS AND MATERIAL RISK WARNINGS “Haitong Bank” Haitong Bank, S.A “Haitong Capital” Haitong Capital Investment Co., Ltd. (海通開元投資有限公司) “Haitong Futures” Haitong Futures Co., Ltd. (海通期貨股份有限公司) “Haitong Innovation Haitong Innovation Securities Investment Co., Ltd. (海通創新證券投 Securities” 資有限公司) “Haitong International Haitong International Holdings Limited (海通國際控股有限公司) Holdings” “Haitong International” Haitong International Securities Group Limited (海通國際證券集團有 限公司), listed on the Hong Kong Stock Exchange, stock code: 665 “Haitong Resource” Shanghai Haitong Resource Management Co., Ltd. (上海海通資源管 理有限公司) “Haitong UniFortune” Haitong UniFortune International Leasing Co., Ltd. (海通恒運國際租 賃有限公司) “Haitong UniTrust Financial Haitong UniTrust Financial Leasing (Shanghai) Corporation (海通恒信 Leasing (Shanghai)” 融資租賃（上海）有限公司) “Haitong UT Capital” Haitong UT Capital Group Co., Limited (海通恒信金融集團有限公司) “Haitong UT Holdings” Haitong UT Holdings Limited (海通恒信融資租賃控股有限公司) “Haitong UT Leasing HK” Haitong UT Leasing HK Limited (海通恒信租賃（香港）有限公司) “Haitong UT” Haitong UniTrust International Leasing Co., Ltd. (海通恒信國際租賃 股份有限公司), listed on the Hong Kong Stock Exchange, stock code: 1905 “Haitong-Fortis PE” Haitong-Fortis Private Equity Fund Management Co., Ltd. (海富產業 投資基金管理有限公司) “HFT Investment” HFT Investment Management Co., Ltd. (海富通基金管理有限公司) “HK$”, “HKD” or the lawful currency of Hong Kong “HK dollars” “Hong Kong Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited HAITONG SECURITIES CO., LTD. | Annual Report 2019 (H Share) 5 SECTION I DEFINITIONS AND MATERIAL RISK WARNINGS “Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited “Hong Kong” the Hong Kong Special Administrative Region of the People’s Republic of China “HT Asset Management” Shanghai Haitong Securities Asset Management Company Limited (上 海海通證券資產管理有限公司) “IPO” initial public offering “Model Code” the Model Code for Securities Transactions by Directors of Listed Issuers set out in Appendix 10 to the Hong Kong Listing Rules “NEEQ” National Equities Exchange and Quotations (全國中小企業股份轉讓 系統) “NSSF” the National Council for Social Security Fund of the PRC “PRC” the People’s Republic of China, and for the purposes of this Report only, excluding Hong Kong, Macau Special Administrative Region and Taiwan “QDII” Qualified Domestic Institutional Investor “QFII” Qualified Foreign Institutional Investor “Reporting Period” from 1 January 2019 to 31 December 2019 “RMB” or “Renminbi” the lawful currency of the PRC “RQFII” Renminbi Qualified Foreign Institutional Investor “SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as amended, supplemented or otherwise modified from time to time “Shanghai Weitai Properties” Shanghai Weitai Properties Management Co., Ltd. (上海惟泰置業管 理有限公司) “SSE” the Shanghai Stock Exchange “Supervisor” the supervisor(s) of Haitong Securities “Supervisory Committee” the supervisory committee of Haitong Securities 6 HAITONG SECURITIES CO., LTD. | Annual Report 2019 (H Share) SECTION I DEFINITIONS AND MATERIAL RISK WARNINGS “SZSE” the Shenzhen Stock Exchange “US$”, “USD” or the lawful currency of the United States of America “U.S. dollars” “WIND” Wind Information Co., Ltd. “WOFE” Wholly Owned Foreign Enterprises II. MATERIAL RISK WARNINGS The business of the Group is highly dependent on the overall economic
Load more

Recommended publications
  • Annual Report 2015
    HAITONG SECURITIES CO., LTD. 海通證券股份有限公司 Annual Report 2015 2015 Annual Report 年度報告 CONTENTS Section I Definition and Important Risk Warnings 3 Section II Company Profile and Key Financial Indicators 8 Section III Summary of the Company’s Business 23 Section IV Report of the Board of Directors 28 Section V Significant Events 62 Section VI Changes in Ordinary Share and Particulars about Shareholders 84 Section VII Preferred Shares 92 Section VIII Particulars about Directors, Supervisors, Senior Management and Employees 93 Section IX Corporate Governance 129 Section X Corporate Bonds 160 Section XI Financial Report 170 Section XII Documents Available for Inspection 171 Section XIII Information Disclosure of Securities Company 172 IMPORTANT NOTICE The Board, the Supervisory Committee, Directors, Supervisors and senior management of the Company represent and warrant that this annual report (this “Report”) is true, accurate and complete and does not contain any false records, misleading statements or material omission and jointly and severally take full legal responsibility as to the contents herein. This Report was reviewed and passed at the fifteenth meeting of the sixth session of the Board. The number of Directors to attend the Board meeting should be 13 and the number of Directors having actually attended the Board meeting was 11. Director Xu Chao, was unable to attend the Board meeting in person due to business travel, and had appointed Director Wang Hongxiang to vote on his behalf. Director Feng Lun was unable to attend the Board meeting in person due to business travel and had appointed Director Xiao Suining to vote on his behalf.
    [Show full text]
  • 2016 Annual Report.PDF
    HAITONG SECURITIES CO., LTD. 海通證券股份有限公司 Annual Report 2016 2016 Annual Report 年度報告 CONTENTS Section I Definition and Important Risk Warnings 3 Section II Company Profile and Key Financial Indicators 7 Section III Summary of the Company’s Business 23 Section IV Report of the Board of Directors 28 Section V Significant Events 62 Section VI Changes in Ordinary Share and Particulars about Shareholders 91 Section VII Preferred Shares 100 Section VIII Particulars about Directors, Supervisors, Senior Management and Employees 101 Section IX Corporate Governance 149 Section X Corporate Bonds 184 Section XI Financial Report 193 Section XII Documents Available for Inspection 194 Section XIII Information Disclosure of Securities Company 195 IMPORTANT NOTICE The Board, the Supervisory Committee, Directors, Supervisors and senior management of the Company represent and warrant that this annual report (this “Report”) is true, accurate and complete and does not contain any false records, misleading statements or material omission and jointly and severally take full legal responsibility as to the contents herein. This Report was reviewed and passed at the twenty-third meeting of the sixth session of the Board. The number of Directors to attend the Board meeting should be 13 and the number of Directors having actually attended the Board meeting was 11. Director Li Guangrong, was unable to attend the Board meeting in person due to business travel, and had appointed Director Zhang Ming to vote on his behalf. Director Feng Lun was unable to attend the Board meeting in person due to business travel and had appointed Director Xiao Suining to vote on his behalf.
    [Show full text]
  • 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
    [Show full text]
  • Annual Report 2019
    HAITONG SECURITIES CO., LTD. 海通證券股份有限公司 Annual Report 2019 2019 年度報告 2019 年度報告 Annual Report CONTENTS Section I DEFINITIONS AND MATERIAL RISK WARNINGS 4 Section II COMPANY PROFILE AND KEY FINANCIAL INDICATORS 8 Section III SUMMARY OF THE COMPANY’S BUSINESS 25 Section IV REPORT OF THE BOARD OF DIRECTORS 33 Section V SIGNIFICANT EVENTS 85 Section VI CHANGES IN ORDINARY SHARES AND PARTICULARS ABOUT SHAREHOLDERS 123 Section VII PREFERENCE SHARES 134 Section VIII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT AND EMPLOYEES 135 Section IX CORPORATE GOVERNANCE 191 Section X CORPORATE BONDS 233 Section XI FINANCIAL REPORT 242 Section XII DOCUMENTS AVAILABLE FOR INSPECTION 243 Section XIII INFORMATION DISCLOSURES OF SECURITIES COMPANY 244 IMPORTANT NOTICE The Board, the Supervisory Committee, Directors, Supervisors and senior management of the Company warrant the truthfulness, accuracy and completeness of contents of this annual report (the “Report”) and that there is no false representation, misleading statement contained herein or material omission from this Report, for which they will assume joint and several liabilities. This Report was considered and approved at the seventh meeting of the seventh session of the Board. All the Directors of the Company attended the Board meeting. None of the Directors or Supervisors has made any objection to this Report. Deloitte Touche Tohmatsu (Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu Certified Public Accountants LLP (Special General Partnership)) have audited the annual financial reports of the Company prepared in accordance with PRC GAAP and IFRS respectively, and issued a standard and unqualified audit report of the Company. All financial data in this Report are denominated in RMB unless otherwise indicated.
    [Show full text]
  • THE WORLD BANK **Wfu*Aak IBRD* IDA I Wolu.DBANKGROUP Beijing OFFICIAL World Bank Office, DOCUMENTS September 14, 2017
    THE WORLD BANK **WfU*AAk IBRD* IDA I wolu.DBANKGROUP Beijing OFFICIAL World Bank Office, DOCUMENTS September 14, 2017 Public Disclosure Authorized Mr. Deng Xiangyang Executive Vice Governor Anhui Province People's Republic of China RE: China: Ma'anshan Cihu River Basin Improvement Project (Loan No. 8251-CN) Amendment to Project Agreement Dear Mr. Deng: Public Disclosure Authorized We refer to the Loan Agreement (the Loan Agreement) dated July 4, 2013 between the People's Republic of China (the Borrower) and the International Bank for Reconstruction and Development (the Bank), and the Project Agreement (the Project Agreement) of the same date between the Bank and Anhui Province, both for the above-referenced project (the Project). We also refer to the letter from the Ministry of Finance, dated April 18, 2017, requesting a restructuring of the Project, which requires certain amendments to the Loan Agreement and the Project Agreement. We are pleased to inform you that the Bank concurs with the request, and accordingly agrees to amend the Project Agreement as follows: Public Disclosure Authorized I. Section I.A.1(c) of the Schedule is amended to read as follows: "(c) Project implementation units in each of: (i) the Municipal Environmental Protection Bureau (EPB); (ii) MCRD; (iii) Huashan District; (iv) Yushan District; and (v) Hitech Zone, all of which shall be responsible for implementing their respective parts of the Project, including leading the engineering design, procurement, signing and management of contracts, and authorizing disbursements for each Project activity accordingly. Except as specifically amended in this letter, all other terms and conditions of the Project Agreement shall remain in full force and effect.
    [Show full text]
  • 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..............................
    [Show full text]
  • Differences of Sucrose Accumulation Concentration and Related Genes Expression Between Two Sucrose Accumulation Types of Actinid
    www.nature.com/scientificreports OPEN Diferences of sucrose accumulation concentration and related genes expression between two sucrose accumulation types of Actinidia eriantha Xiaobiao Xu 1,2,3*, Guanglian Liao1,2,3, Chunhui Huang1, Min Zhong1, Dongfeng Jia1, Xueyan Qu1, Qing Liu1, Yanqun He1 & Yiqi Li1 According to the investigation of wild Actinidia eriantha in Jiangxi province of China, we found that soluble solids content of fruit was lower than edible standard (14%). However, we found a high-sugar type A. eriantha line (code was ‘MM24’, test material) during investigative process at Nancheng county (E 116° 48′, N 26° 23′, 845 m). We sheared its scions to asexual reproduction in Fengxin County (rootstock was A. deliciosa ‘Miliang 1’ with 7 years old) and at the same time DUS (Distinctness, Uniformity and Stability) test was also carried out. There were uncontested diferences between the two comparative genotypes according to the results of polyacrylamide gel electrophoresis, it can be judged as a new cultivar. In addition, there was great similarity on most important morphological and quality characteristics. While, there was diference on SSC, DM and TS between the two materials on ripen fruit, these indicators were much higher on test material than on control. The sugar degree assessment showed that the sugar degree of test material was strong and retention time was long. Further, no sucrose was found before DAF 135 d in test material and sucrose were signifcantly higher than in control only at DAF 165 d and DAF 175 d. The qRT-PCR results of sucrose-related genes showed that the relative expression levels of AcSPS1, AcSPS3, AcSPS5 and AcSUS5 genes were consistent with the sucrose accumulation trend, which was probably the main genes for the diference in sugar degree.
    [Show full text]
  • China Weaving Materials Holdings Limited 2018 2018
    CHINA WEAVING MATERIALS 中國織材控股有限公司 HOLDINGS LIMITED (於開曼群島註冊成立的有限公司) (Incorporated in the Cayman Islands with limited liability) 股份代號: 3778 Stock code: 3778 中期報告 Interim Report 2018 2018 Contents 2 Corporate Information 4 Management Discussion and Analysis 9 Corporate Governance and other information 14 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 15 Condensed Consolidated Statement of Financial Position 17 Condensed Consolidated Statement of Changes in Equity 18 Condensed Consolidated Statement of Cash Flows 19 Notes to the Condensed Consolidated Financial Information Corporate Information BOARD OF DIRECTORS (THE “BOARD”) COMPANY SECRETARY Executive Directors Mr. Cheung Chi Fai Frank Mr. Zheng Hong (Chairman) Mr. Zheng Yongxiang AUTHORISED REPRESENTATIVES Non-Executive Director Mr. Zheng Hong Mr. Sze Irons, BBS, JP Mr. Cheung Chi Fai Frank Independent Non-Executive Directors REGISTERED OFFICE Mr. Ng Wing Ka JP Ms. Zhang Baixiang Cricket Square Mr. Xu Yiliang Hutchins Drive P. O. Box 2681 BOARD COMMITTEES Grand Cayman KY1-1111 Cayman Islands Audit Committee Ms. Zhang Baixiang (Chairman) HEAD QUARTERS IN THE PEOPLE’S REPUBLIC Mr. Ng Wing Ka JP OF CHINA (“PRC”) Mr. Xu Yiliang Fengtian Development Zone Remuneration Committee Fengxin County Mr. Ng Wing Ka JP (Chairman) Jiangxi Province, PRC Ms. Zhang Baixiang Mr. Zheng Hong PRINCIPAL PLACE OF BUSINESS IN HONG KONG Mr. Xu Yiliang Room 806, 8/F, Capital Centre Nomination Committee 151 Gloucester Road Mr. Zheng Hong (Chairman) Wanchai, Hong Kong Mr. Ng Wing
    [Show full text]
  • Conflict Minerals from the Democratic Republic of the Congo— Global Tantalum Processing Plants, a Critical Part of the Tantalum Supply Chain
    Conflict Minerals from the Democratic Republic of the Congo— Global Tantalum Processing Plants, a Critical Part of the Tantalum Supply Chain The U.S. Geological Survey (USGS) analyzes mineral Post-beneficiation processing plants (generally called and metal supply chains to identify and describe major smelters and refineries) for 3TG mineral ores and concentrates components of mineral and metal material flows from ore were identified by company and industry association representa- extraction, through intermediate forms, to a final product. tives as being the link in the 3TG mineral supply chain through Supply chain analyses may be used (1) to identify risks to which these minerals can be traced to their source of origin the United States associated with the supply of critical and (mine). The determination of the source of origin is critical to strategic minerals and metals and (2) to provide greater the development of a complete and transparent conflict-free supply chain transparency so that policymakers have the fact- mineral supply chain (U.S. Government Accountability Office, based information needed to formulate public policy. This fact 2012, p. 19). Tungsten processing plants were the subject of the sheet focuses on the post-mining/pre-consumer-product part first fact sheet in this series published by the USGS NMIC in of the tantalum supply chain. The USGS National Minerals August 2014 (Bermúdez-Lugo, 2014). Background information Information Center (NMIC) has been asked by governmental about historical conditions and multinational stakeholders’ and non-governmental organizations to provide information voluntary due diligence guidance for minerals from conflict- about tantalum, tin, tungsten, and gold (collectively known as affected and high-risk areas is presented in the tungsten fact “3TG minerals”) processing facilities worldwide in response sheet.
    [Show full text]
  • Assessment of Forest Tenure Trade Centers in Jiangxi Province
    Supporting policy, legal and institutional frameworks for the reform of forest tenure in China’s collective forests and promoting knowledge exchange GCP/CPR/038/EC Working Paper: WP – 023 - E Assessment of Forest Tenure Trade Centers in Jiangxi Province The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The views expressed in this information product are those of the author(s) and do not necessarily reflect the views of FAO. All rights reserved. FAO encourages the reproduction and dissemination of material in this information product. Non-commercial uses will be authorized free of charge, upon request. Reproduction for resale or other commercial purposes, including educational purposes, may incur fees. Applications for permission to reproduce or disseminate FAO copyright materials, and all queries concerning rights and licences, should be addressed by e-mail to [email protected] or to the Chief, Publishing Policy and Support Branch, Office of Knowledge Exchange, Research and Extension, FAO, Viale delle Terme di Caracalla, 00153 Rome, Italy. © FAO 2010 For more information, please contact: Qiang Ma Forestry Officer Forest Policy & Economics Team (FOEP) FAO Viale delle Terme di Caracalla 00153 Rome, Italy Email: [email protected] Chunqian Jiang National Project Coordinator Project Management Office Building 25, Hepingli 7 Qu, Dongcheng District. 100013 Beijing, China Email 1: [email protected] Email 2: [email protected] Hong Qi National Project Director Project Management Office Building 25, Hepingli 7 Qu, Dongcheng District.
    [Show full text]
  • SCANDINAVIAN FOREST ECONOMICS SCANDINAVIAN FOREST ECONOMICS Scandinavian Forest Economics No
    SCANDINAVIAN FOREST ECONOMICS SCANDINAVIAN FOREST ECONOMICS Scandinavian Forest Economics Scandinavian Forest No. 40, 2004 No. 40, 2004 Scandinavian Forest Economics No. 43, 2010 Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics Gilleleje, Denmark, May 2010 Proceedings Proceedings Finn Helles and Petrine Steen Nielsen (eds.) No. 43, 2010 43, No. of the Biennial Meeting of the of the BiennialCopenhagen Meeting of the Scandinavian Society of Forest Economics Scandinavian Society of Forest Economics Vantaa, Finland, 12th-15th May, 2004 Vantaa, Finland, 12th-15th May, 2004 Heikki Pajuoja and Heimo Karppinen (eds.) Heikki Pajuoja and Heimo Karppinen (eds.) A5 omslag · Scandinavian Forest Economics nr 43 · NOV 2010.indd Vantaa1 Vantaa 22/11/10 12.38 forest management. In this context, trade of forest properties becomes especially important, as it could help increase the scale and efficiency of forest management. To promote and standardize the trade of forest properties so that the Survey and analysis of forest land trade centers in benefits of forest owners can be secured and the efficiency of forest southern China: A case study of Jiangxi Province management increased, Jiangxi Province promulgated two policy documents, "Regulations of Forest Resource Transactions" and "Opinions Jun-Chang Liu and Wen-Hui Chen about the Reform of Forest Property Rights System", constructed the School of Economics & Management, Beijing Forestry University, provincial and county (city) level trade platforms, and standardized the transaction process. As of the end of 2009, the province had established 64 Abstract county(city)-level forest land trade centers with a total of 532 employees The most important measure in addressing the forest ownership/land use and another 15 were under construction.
    [Show full text]
  • Change Pattern and Driving Mechanism of Construction Land In
    EARTH SCIENCES RESEARCH JOURNAL LAND USE Earth Sci. Res. J. Vol. 24, No. 2 (June, 2020): 215-223 Change pattern and driving mechanism of construction land in China’s undertaking industrial transfer demonstration area: Taking the Wanjiang City Belt along the Yangtze River as an Example Yuhong Cao1*, Meiyun Liu1, Yuandan Cao1, Chen Chen1, Dapeng Zhang2 1School of Environmental Science and Engineering, Anhui Normal University, Wuhu 241002, China 2School of Geography and Tourism, Anhui Normal University, Wuhu 241002, China * Corresponding author: [email protected] ABSTRACT Keywords: expansion intensity; land use; hotspot The construction land includes urban land, rural residential areas, and other construction lands. The Wanjiang City Belt analysis; the Wanjiang City Belt along the along the Yangtze River is a vital demonstration area for undertaking industrial transfer in China. With the accumulation Yangtze River. of factors relative to economic development, the construction land has increased sharply, and the regional ecological security pattern is facing new challenges. After collecting the image interpretation data of multi-period land use of the Wanjiang City Belt, this work studies the characteristics of construction land change patterns since 1995. The driving mechanism was also analyzed based on the GIS platform, land use transfer matrix, expansion intensity index, hotspot analysis, and mathematical statistics. The results showed that: (1) From 1995 to 2015, the urban land and other construction lands in the Wanjiang City Belt have increased, but the rural residential areas decreased in 2010- 2015. The three types of lands had the most significant changes in 2005-2010, and the other construction land was particularly prominent.
    [Show full text]