DOCSLIB.ORG

Manulife Greater Bay Area Growth & Income Fund

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Manulife Greater Bay Area Growth & Income Fund Important Notes: 1 Manulife Advanced Fund SPC – Greater Bay Area Growth and Income Segregated Portfolio (“Manulife Greater Bay Area Growth & Income Fund” or the “Fund”) invests primarily in equities, equity-related securities and fixed income securities of issuers which are connected to the region comprising Hong Kong, Macau and the Guangdong Province of China (Greater Bay Area), which exposes investors to fixed income and equity (including REITs) market and asset allocation strategy risk as well as geographic concentration risk. 2 The Fund invests in emerging markets, which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as likelihood of a higher degree of volatility, lower liquidity of investments, political and economic uncertainties, legal and taxation risks, settlement risk, custody risks and currency risks/control. 3 The Fund’s investment in equity securities and equity-related securities in Mainland China is subject to general market risks, as well as A-Share market risk, Connect Schemes risk, volatility and liquidity risk, and Mainland China tax risk. 4 The Fund’s investment in fixed income securities and cash and cash equivalents is subject to credit risk, interest rate risk, downgrade risk, sovereign debt risk, valuation risk, credit rating risk and currency risk; and specifically with respect to Mainland China fixed income securities is subject to credit rating agency risk, China Interbank Bond Market risk, RMB currency and conversion risk, Mainland China tax risk and Connect Schemes risk. 5 The Fund does not guarantee distribution of dividends, the frequency of distribution, and the amount/rate of dividends. The Fund may at its discretion pay dividend out of capital or gross income while charging/paying all or part of its fees and expenses out of its capital. This amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the net asset value per share of the respective share classes after the distribution date. 6 Investment involves risk. The Fund may expose its investors to capital loss. Investors should not make decisions based on this material alone and should read the offering document for details, including the risk factors, charges and features of the Fund and its share classes. The First* August 2021 Greater Bay Area Fund in Manulife Hong Kong Greater Bay Area Growth & Income Fund manulifefunds.com.hk * Manulife Greater Bay Area Growth & Income Fund was launched on 11 June 2018 and is the first Greater Bay Area Fund in Hong Kong. Growth & Income from the Greater Bay Area (GBA) Equities: The synergies generated from 4 major drivers Focusing on four main sectors to unleash the enormous potential in the GBA. R&D/Innovation R&D spending as of GDP % 5.0 GBA has a higher level of R&D intensity. ・ 4.0 For example, Shenzhen’s R&D capital 3.0 exceeds that of many global R&D leaders. 2.0 Focus sectors: electric vehicle supply 1.0 ・ chain, biotechnology, technology 0.0 Israel Japan China hardware & equipment, etc. Sweden Austria Finland Iceland France Germany DenmarkBelgium Shenzhen Guangdong South Korea United States Source: 2019 data from OECD, Statistics Bureau of Guangdong Province and Shenzhen Statistics Bureau, 31 May 2021. Consumption upgrade Disposable income per capita (urban): Guangdong vs National level With a much higher disposable income per 55,000 ・ Guangdong National level capita than the national level, GBA’s affluent 50,000 45,000 population continue to drive the consumption 40,000 growth and upgrade within the region. 35,000 30,000 Focus sectors: property management, 25,000 ・ (RMB per annum) health care services, premium food & 20,000 beverage, etc. 15,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Source: National Bureau of Statistics of China, CEIC, 31 December 2020. Finance/Real estate Government’s financial support measures Wealth Fund raising Management Investment Ample policy support to enhance Connect, SZ-HK ・ Stock Connect, the financial connectivity in GBA, Bond Connect Capital market, IPO, asset including the Wealth Management management Connect scheme. Core financial Mobile Focus sectors: bank & insurance, Offshore payment, ・ RMB centre, hub e-commerce, property development, etc. Cross-border cross-border robo-advisor FinTech trade capital settlement Professional services in M&A, insurance, accounting, legal, etc Financial service Source: The People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange, 30 June 2021. Infrastructure Infrastructures improve community connection Thanks to well-developed cross- ・ Cross-river passages under boundary transportation networks and Pearl River Estuary facilities, GBA’s community connection Guangzhou Pearl River Huangpu Bridge ・ Dongguan Lianhuashan Bridge and mobility are improving under the ・ Foshan Nansha Bridge ・ “one-hour living circle”. Guangzhou-Shenzhen-Hong Huizhou Zhongshan ・ Focus sectors: airport/expressway, Zhaoqing Kong Express Rail Link ・ Shenzhen Shiziyang Bridge ・ utilities services (e.g. water/gas/ Humen Bridge Jiangmen ・ Shenzhen-Maoming Railway electricity supply), etc. ・ Hong Kong Shenzhen-Zhongshan Bridge ・ Zhuhai Lingdingyang Bridge Macau ・ Hong Kong-Zhuhai-Macao ・ Bridge For illustrative purposes only. Source: Manulife Investment Management, 30 June 2021. 2 Manulife Greater Bay Area Growth & Income Fund Fixed income: A wide Chinese corporate bonds, including high yield (HY) and investment grade (IG) ・ range of income could provide stable and relatively attractive yield for the investment portfolio. opportunities Variety of China’s IG bonds could provide opportunities for generating income ・ for the investment portfolio. Bonds issued by financial and quasi-government Government and institutions, might effectively cushion macro and geopolitical uncertainties. government related Bonds issued by infrastructures and utilities might benefit from the government’s economic stimulus. Corporate China bonds offer relatively attractive yields 3.76% (Investment grade) 2.06% Corporate 1.47% (High yield) 10-year US Treasury US IG bonds China bonds (HY & IG) Source: Bloomberg, as of 30 June 2021, US IG bonds were represented by ICE BofAML US Corporate Index, China bonds (HY & IG) were represented by J.P. Morgan Asia Credit Index China. － Manulife Greater Bay Area Growth & Income Fund 2 assets to generate growth and income By investing in two asset Equities classes: equities and fixed Fixed income tap the capital generates income income which are connected to growth potential streams the GBA, the Fund does not only tap on the region’s growth opportunities, but also Investing for growth in equity and balanced with defensive generates income streams. positioning in bonds Wide coverage in equities: capture GBA’s growth potential with four main growth themes Feasible allocation in bonds: offer defensive and steady returns Aims at monthly Dividend schedule distribution Record date Ex-dividend date Ex-dividend NAV* Class AA (HKD) Inc Dividend Annualised The Fund aims to make monthly per share dividend yield* distributions. 30/6/2021 2/7/2021 $105.2099 0.28 3.24% 31/5/2021 1/6/2021 $109.1526 0.28 3.12% 30/4/2021 3/5/2021 $106.6325 0.28 3.20% (The distribution amount is not guaranteed. Distribution may be paid out of capital. Refer to Important Note 5.) * Source: Manulife Investment Management, as of 2 July 2021, refers only to Class AA (HKD) Inc. Annualised yield = [(1+distribution per unit/ex-dividend NAV)^distribution frequency per annum]–1, the annualised dividend yield is calculated on the basis of the latest relevant dividend distribution and dividend reinvested, and may be higher or lower than the actual annual dividend yield. Please note that dividend is not guaranteed, and a positive dividend yield does not imply a positive return. Manulife Investment Management’s expertise 30+ years 40+ 70+ Investment experience by Equities professionals Fixed income lead fund manager in Greater China1 professionals in Asia1 Source: Manulife Investment Management, as of 31 March 2021. 1 Total is comprised of investment professionals of Manulife Investment Management, Manulife-TEDA Fund Management Co. Ltd., a 49% joint venture is a joint venture between Manulife Financial and Northern International Trust, part of the Tianjin TEDA Investment Holding Co. Ltd. (TEDA), and Mahindra Manulife Investment Management Private Limited, a 49% joint venture of Manulife and Mahindra AMC. Note: some professionals may support additional asset classes. 539152 Manulife Greater Bay Area Growth & Income Fund 3 Manulife Greater Q&A with Fund Manager August 2021 Bay Area Growth & Income Fund Q: How did the markets perform in July? A : Chinese equities1 reacted negatively towards a raft of new regulations that switched the market to a risk-off scenario. The regulatory changes were mainly targeted at national giants on antitrust, the protection of the well-being of minors, and to ensure the welfare of flexibly employed workers of delivery platforms. Greater Bay Area equities remained resilient especially those in the infrastructure and financials were less affected amidst the market sell off. Hong Kong equities1 moved lower on the back of uncertainty brought about by China’s regulatory changes. China’s investment grade credit markets1 posted positive returns
Load more

Recommended publications
  • Chlorinated and Polycyclic Aromatic Hydrocarbons in Riverine and Estuarine Sediments from Pearl River Delta, China
    Environmental Pollution 117 (2002) 457–474 www.elsevier.com/locate/envpol Chlorinated and polycyclic aromatic hydrocarbons in riverine and estuarine sediments from Pearl River Delta, China Bi-Xian Maia,*, Jia-Mo Fua, Guo-Ying Shenga, Yue-Hui Kanga, Zheng Lina, Gan Zhanga, Yu-Shuan Mina, Eddy Y. Zengb aState Key Lab Laboratory of Organic Geochemistry, Guangzhou Institute of Geochemistry, Chinese Academy of Sciences, PO Box 1130, Guangzhou, Guangdong 510640, People’s Republic of China bSouthern California Coastal Water Research Project, 7171 Fenwick Lane, Westminster, CA 92683, USA Received 5 January 2001; accepted 3 July 2001 ‘‘Capsule’’: Sediments of the Zhujiang River and Macao Harbor have the potential to be detrimental to biological systems. Abstract Spatial distribution of chlorinated hydrocarbons [chlorinated pesticides (CPs) and polychlorinated biphenyls (PCBs)] and poly- cyclic aromatic hydrocarbons (PAHs) was measured in riverine and estuarine sediment samples from Pearl River Delta, China, collected in 1997. Concentrations of CPs of the riverine sediment samples range from 12 to 158 ng/g, dry weight, while those of PCBs range from 11 to 486 ng/g. The CPs concentrations of the estuarine sediment samples are in the range 6–1658 ng/g, while concentrations of PCBs are in the range 10–339 ng/g. Total PAH concentration ranges from 1168 to 21,329 ng/g in the riverine sediment samples, whereas the PAH concentration ranges from 323 to 14,812ng/g in the sediment samples of the Estuary. Sediment samples of the Zhujiang River and Macao harbor around the Estuary show the highest concentrations of CPs, PCBs, and PAHs. Possible factors affecting the distribution patterns are also discussed based on the usage history of the chemicals, hydrologic con- dition, and land erosion due to urbanization processes.
    [Show full text]
  • China's Major Bridges Summary 1. Background
    China’s Major Bridges Maorun FENG Maorun Feng, born in 1942, graduated from the Tangshan Professor Railway Institute with a Master’s Chairman of Technical degree, has been engaged in the Consultative Committee, design and research of bridges for 40 Ministry of years. He is the Chairman of Technical Consultative Committee Communications and the Former Chief Engineer of the Beijing, China State Ministry of Communications. He is also the current Chairman of China Association of Highway and Waterway Engineering Consultants. [email protected] . Summary In response to continuous economic development over the past 30 years, China has mobilized a program of large scale bridge construction. The technology of various types of bridges, including girder bridges, arch bridges, and cable-supported bridges, has been developed rapidly. Bridge spanning capacity has been continuously improved. Girder bridges with main span of 330 m, arch bridges with main span of 550 m, cable-stayed bridges with main span of 1088 m and suspension bridges with main span of 1650 m have already been built. Moreover, two sea-crossing bridges with overall length over 30 km have also been opened to traffic. This paper briefly introduces China’s major bridges, including girder bridges with spans greater than 200 m, arch bridges with spans greater than 400 m, cable-stayed bridges with spans greater than 600 m, and suspension bridges with spans greater than 1200 m. These bridges represent technological progress in such aspects as structural system, materials, as well as construction methods and equipment. Key words: girder bridge, arch bridge, cable-supported bridge, cable-stayed bridge, suspension bridge, steel-concrete composite bridge 1.
    [Show full text]
  • Fact Sheet for Investors (Updated As at March 31, 2011)
    (SSE Stock Code: 601390; HKEx Stock Code: 00390) Fact Sheet for Investors (Updated as at March 31, 2011) Introduction China Railway Group Limited is one of the largest multi-functional integrated construction groups in the PRC and Asia in terms of aggregate engineering contract income, and rank 95 in Fortune Global 500. We offer a full range of construction-related services, including infrastructure construction, survey, design and consulting services, engineering equipment and component manufacturing, and has also expanded business spectrum to property development and other businesses such as mining. Objective Riding on the Group’s stable development and solid business foundation, we will strengthen our leadership role in the Chinese and Asian construction markets and continue our market expansion, with an ultimate goal of becoming the leading construction group in the world. Five Core Businesses We have constructed, extended and rebuilt over two-thirds of the total Infrastructure operating length of China’s railway lines, as well as built more than 90% Construction of the total operating length of China’s electrified railway lines. We are also a leading constructor of roads, bridges, tunnels and municipal works. In addition, we have more than 50% share of China’s metropolitan railway construction market. We are the leading survey, design and consulting services provider in Survey, Design the mainland infrastructure industry, offering a full suite of services to and our customers. We have more than 40% share of the electrified Consulting railway market and about 30% of the metropolitan railway survey and design market. Services We are the largest manufacturer of a range of railway equipment and Engineering components in China, and one of the largest manufacturers of railway Equipment and turnouts in the world.
    [Show full text]
  • Overview of the Pearl River Delta
    Epson Pearl River Delta Scoping Study Leung Sze-lun, Alan Research Team: Leung Sze-lun, Alan Chung Hoi-yan Tong Xiaoli Published in July 2007 by WWF Hong Kong, Hong Kong SAR Supported by Epson Foundation Epson Pearl River Delta Scoping Study ACKNOWLEDGEMENTS I would like to particularly acknowledge the generous support by Epson Foundation in funding WWF Hong Kong to conduct this study. I am grateful to all officials from Hong Kong and Guangdong who shared their views on freshwater issues during this study, also researchers, academics, environmentalists and nature lovers. I thank Professor David Dudgeon and Professor Richard Corlett from the Department of Ecology & Biodiversity, The University of Hong Kong for their comments on the drafts of the report. I also thank the Freshwater team from WWF China on their comments on the report. Special thanks should be given to Dr. Tong Xiaoli and his students from the South China Agricultural University and Ms. Chung Hoi-yan for their very hard work on literature collection, data inputs, field work, and conducting interviews for this report. Epson Pearl River Delta Scoping Study EXECUTIVE SUMMARY Introduction Freshwater ecosystems are considered amongst the world’s most endangered ecosystems. The freshwater crisis facing the world today is one of the most serious global environmental challenges to both man and biodiversity. Freshwater issues in the Pearl River Delta (PRD) in Guangdong, China are considered to be a significant challenge to the future development of the region. The objectives of this report are to better understand the complex linkages among the various threats to freshwater biodiversity, and their causes, in order to identify opportunities and strategies for reducing these threats through future conservation actions in the region.
    [Show full text]
  • Corrosion Protection of Steel Bridges
    Corrosion protection of steel bridges Svend Johnsen CONTENT .ISO 12944 .Coating system selector .Life cycle calculations .Experience Corrosion categories Table 1. Examples of environments Corrosion category Exterior Interior C3 - medium Urban and industrial Production rooms with high atmospheres, moderate sulphur humidity and some air pollution dioxide pollution. Coastal areas e.g. food processing plants, with low salinity. laundries, breweries and diaries. C4 – High Industrial areas and coastal Chemical plants, swimming areas with moderate salinity. pools, coastal ship and boatyards. C5-I – Very high industrial Industrial areas with high Buildings and areas with almost humidity and aggressive permanent condensation and atmosphere. with high pollution. C5-M – Very high marine Coastal and offshore areas with Buildings and areas with almost high salinity. permanent condensation and with high pollution. Table 2 Surface Paint Expected Primers Topcoats prep. system durability St2 Type No. NDFT Binder No. NDFT No. NDFT Low Medi High Sa2 Binder coat micro Coat micro Coat micro um ½ s n s n s n x 1-2 80 2 120 3 - 4 200 CR AY,CR, x 2 120 1 - 2 80 3 - 4 200 Misc PVC x EP,PUR . 1 80 3 200 4 280 x 1-2 80 3-4 240 4-6 320 EP,PUR x 1 40 2 120 3 160 EP,PUR x 1 40 3 200 4 240 x 1 80 AY,CR,P 3 200 4 280 VC x Zn( 1 80 2-4 240 3-5 320 R) x ESI 1 80 EP,PUR 2-4 160 3-5 240 x 1 80 3 200 4 280 x 1 80 AY,CR,P 4 240 5 320 VC Bridge coating selector .
    [Show full text]
  • Pearl River Delta Demonstration Project
    Global Water Partnership (China) WACDEP Work Package Five outcome report Pearl River Delta Demonstration Project Pearl River Water Resources Research Institution December 201 Copyright @ 2016 by GWP China Preface The Pearl River Delta (PRD) is the low-lying area surrounding the Pearl River estuary where the Pearl River flows into the South China Sea. It is one of the most densely urbanized regions in the world and one of the main hubs of China's economic growth. This region is often considered an emerging megacity. The PRD is a megalopolis, with future development into a single mega metropolitan area, yet itself is at the southern end of a larger megalopolis running along the southern coast of China, which include Hong Kong, Macau and large metropolises like Chaoshan, Zhangzhou-Xiamen, Quanzhou-Putian, and Fuzhou. It is also a region which was opened up to commerce and foreign investment in 1978 by the central government of the People’s Republic of China. The Pearl River Delta economic area is the main exporter and importer of all the great regions of China, and can even be regarded as an economic power. In 2002, exports from the Delta to regions other than Hong Kong, Macau and continental China reached USD 160 billion. The Pearl River Delta, despite accounting for just 0.5 percent of the total Chinese territory and having just 5 percent of its population, generates 20 percent of the country’s GDP. The population of the Pearl River Delta, now estimated at 50 million people, is expected to grow to 75 million within a decade.
    [Show full text]
  • Equipping Bay's City of Cities
    Monday, October 29, 2018 CHINA DAILY HONG KONG EDITION 8 GROUNDBREAKING OF THE BAY AREA 9 Passenger forecast of the HK section of the Dongjiang River Guangzhou-Shenzhen-HK Express Rail Link Unit: thousand Tonghu town Dongjiang water supply route DONGGUAN 18.6 of Hong Kong’s fresh Taiyuan Pumping Station ply capacity of the s 73% Long Haul ions ter sup ystem water was imported from Lianhu Pumping Station tat Wa Changping Service e s 24.23 Dongjiang River over the th Unit: 100 million m³ at past 10 years. town Qiling Pumping Station ing pp to 90.6 s s in T Shuttle Service ra 406 op f t 17.43 10 Jinhu Pumping Station r o 443 9.24 n e uc Fenggang town b 508 le um a N r p 8.82 ow er SHENZHEN 520 8.63 p Unit: billion kWh l 8.73 an 653 t u Shenzhen Reservoir n i Highlights of Humen bridge 8.69 ts o 2.88 n The bridge is one of the largest-scale highway bridges in C Muk Wu Pumping Station Humen Pearl River Bridge is over its capacity in h in China, and can handle as many as 120,000 cars a day. It 2018 during the Spring Festival travel rush 0.68 8.46 e s shortens the distance between two sides of the Pearl River by Unit: cars per day 1978 1987 e 1965 1994 2003 m Beijing a HONG KONG 120 km and the commuting time by 20 minutes. 8.41 in South la Hangzhou n The bridge is the fi rst large-scale suspension bridge East d 2 130,000 Wat 8.18 0 designed by Chinese.
    [Show full text]
  • Hypoxia in the Upper Reaches of the Pearl River Estuary and Its Maintenance Mechanisms: a Synthesis Based on Multiple Year Observations During 2000–2008
    Marine Chemistry 167 (2014) 13–24 Contents lists available at ScienceDirect Marine Chemistry journal homepage: www.elsevier.com/locate/marchem Hypoxia in the upper reaches of the Pearl River Estuary and its maintenance mechanisms: A synthesis based on multiple year observations during 2000–2008 Biyan He a,b,MinhanDaia,⁎,WeidongZhaia, Xianghui Guo a,LifangWanga a State Key Laboratory of Marine Environmental Science, Xiamen University, Xiamen 361005, China b School of Bioengineering, Jimei University, Xiamen 361021, China article info abstract Article history: Based on our multiple year observations during 2000–2008 in the Pearl River Estuary, this study sought to syn- Received 4 December 2013 thesize the long-term pattern of hypoxia and its relationship to organic carbon and nutrient loading in this im- Received in revised form 2 July 2014 portant world major estuary under significant human impacts. We confirmed previously observed year-round Accepted 7 July 2014 − low dissolved oxygen (DO) of b63 μmol kg 1 reaching the threshold of hypoxia in the upper reaches of the Available online 23 July 2014 Pearl River Estuary, extended from the Guangzhou Channel to downstream of the Humen Outlet, in the surface fi Keywords: water, covering a water body of ~75 km length. The surface DO concentration had a signi cantly negative corre- + Hypoxia lation with dissolved and particulate organic carbon, and NH4 concentrations. Both aerobic respiration and nitri- Pearl River Estuary fication highly varied spatially in the water column. The highest rates of respiration and nitrification were + Dissolved oxygen observed in the Guangzhou Channel, which decreased downstream along with organic carbon and NH4 concen- Respiration trations.
    [Show full text]
  • Fao/Global Environment Facility Project Document
    FAO/GLOBAL ENVIRONMENT FACILITY PROJECT DOCUMENT Countries: China Project Title: Demonstration of Estuarine Biodiversity Conservation, Restoration and Protected Area Networking in China GEF Project ID: 4175 FAO Project ID: 609231 FAO Project Symbol: GCP /CPR/045/GFF GEF Agency: Food and Agriculture Organization of the United Nations- FAO Other Executing Partners: State Oceanic Administration of China; Guangdong Provincial Bureau of Ocean and Fisheries; Shandong Provincial Bureau of Ocean and Fisheries GEF Focal Area: Biodiversity Operational Programme: GEF Strategic Programme: BD-SP 2; BD-SP 4 Duration: Five years Estimated Starting Date: November 2012 Estimated Completion: October 2017 Financing Plan: GEF Allocation: USD 3 516 400 Co-financing: State Government (cash) USD 50 300 State Government (in-kind) USD 648 304 Province of Guangdong (cash) USD 6 025 100 Province of Guangdong (in-kind) USD 747 035 Province of Shandong (cash) USD 3 352 600 Province of Shandong (in-kind) USD 789 527 FAO (cash) USD 139 300 FAO (in-kind) USD 92 914 Sub-total Co-financing: USD 11 845 080 Total Project Budget: USD 15 361 480 Operational Focal Point Endorsement: Fangyu Liu Date of endorsement: GEF Operational Focal Point September 30, 2009 International Department Ministry of Finance China China: Demonstration of Estuarine Biodiversity Conservation, Restoration and Protected Area Networking in China _________________________________________________________________________________________________________________ EXECUTIVE SUMMARY China has more than 1,500 rivers with significant basin drainage areas (> 1,000 km 2) that run into the sea. All have formed discrete estuarine ecosystems, three of which are defined as large (i.e., greater than 450 thousand km 2 in area).
    [Show full text]
  • Morphological Change in the Pearl River Delta, China
    Marine Geology 363 (2015) 202–219 Contents lists available at ScienceDirect Marine Geology journal homepage: www.elsevier.com/locate/margeo Morphological change in the Pearl River Delta, China Wei Zhang a,b,c,⁎, Yang Xu b, A.J.F. Hoitink c,M.G.Sassid,JinhaiZhenga,b, Xiaowen Chen e, Chi Zhang a,b a State Key Laboratory of Hydrology-Water Resources and Hydraulic Engineering, Hohai University, Nanjing 210098, China b College of Harbor, Coastal and Offshore Engineering, Hohai University, Nanjing 210098, China c Hydrology and Quantitative Water Management Group, Department of Environmental Sciences, Wageningen University, Wageningen, Netherlands d Royal Netherlands Institute for Sea Research, NIOZ, Den Burg, Netherlands e Xijiang River Administration, Zhuhai, 519090, China article info abstract Article history: Morphological changes in the Pearl River Delta (PRD) have been investigated using bathymetric charts, underwa- Received 2 July 2014 ter Digital Elevation Models, remote sensing data and Geographic Information Systems. Water depths were ex- Received in revised form 16 February 2015 tracted from digitized charts to explore the accretion–erosion characteristics of three estuarine environments, Accepted 21 February 2015 and to provide quantitative estimates of changes in sediment volumes. Multi-temporal satellite images have Available online 26 February 2015 been used, in combination with topographical data, to analyze the coastline changes. PRD has gained an abundant amount of sediment of almost 9.45 × 105 km3 above the 10-m isobath in the period roughly between 1970 and Keywords: 4 3 Morphological change 2010; the average sedimentation rate was 3.15 × 10 km /yr. Between 1976 and 2006, the coastline extended Sedimentation seaward by 579.2 m on average, with a mean net extension rate of 19.3 m/yr.
    [Show full text]
  • World Bank Document
    Document of The World Bank Public Disclosure Authorized Report No:ICR0000186 IMPLEMENTATION COMPLETION AND RESULTS REPORT (Loan No. 4328-CHA) ON A LOAN Public Disclosure Authorized IN THE AMOUNT OF US$79.68 MILLION EQUIVALENT TO THE PEOPLE’S REPUBLIC OF CHINA FOR A SECOND INLAND WATERWAYS PROJECT Public Disclosure Authorized June 22, 2007 Transport and Energy Sector Unit Public Disclosure Authorized Sustainable Development Department East Asia and the Pacific Region CURRENCY EQUIVALENTS (Exchange Rate Effective December 31, 2006) Currency Unit = Renminbi RMB1.00 = US$0.13 US$1.00 = RMB7.82 Fiscal Year: January 1-Decemeber 31 ABBREVIATIONS AND ACRONYMS CAS Country Assistance Strategy EAP Environmental Action Plan EIA Environmental Impact Assessment EIRR Economic Internal Rate of Return FIDIC Fédération Internationale des Ingénieurs-Conseils FIRR Financial Internal Rate of Return GOC Government of China GPWB Guangdong Provincial Waterway Bureau ICB International Competitive Bidding ICR Implementation Completion and Results Report IWT Inland Water Transport IWW Inland Waterways IWW2 Second Inland Waterways Project (this Project) JPWB Jiangsu Provincial Waterway Bureau L-S-R Lianhuashan-Shawan-Ronggui M&E Mechanical and Electrical MIS Management Information System MOC Ministry of Communications MOF Ministry of Finance NCB National Competitive Bidding NEPA National Environmental Protection Agency NPV Net Present Value NWB Nansha Waterway Bureau OED Operations Evaluation Department PAD Project Appraisal Document PAO Project Administrative Office PMO Project Management Office QCBS Quality and Cost Based Selection RAP Resettlement Action Plan RMB Renminbi SOE State-owned Enterprise SPC State Planning Commission TA Technical Assistance TEU Twenty-foot equivalent unit (for containers) USD United States Dollar Z-H Zhaoqing-Hutiaomen dwt Deadweight ton (for vessels) Vice President: James W.
    [Show full text]
  • Golden Tropics Travel & Tours Sdn Bhd 东风旅游有限公司
    ， （ ） (Tour code: MGSZ7) Departure date : SAT SUN china time (Rounte：Guangzhou-Foshan-Kaiping-Zhongshan-Zhuhai-Shunde-Guangzhou-Dongguan-Guangzhou) Tourist Attractions： Attractions 【Statue Of Fishing Lady】- It is the landmark of Zhuhai City. 【Shunfeng Arch】- China’s first Arch. 【KaiPing Diaolou】 - One of the world cultural heritage. 【Former Residence of Sun Yat-sen】 - Yuanmingyuan park large scale performance- Yuanmingyuan Dreams. Statue of Fishing Lady Shunfeng Archway Kaiping Diaolou Humen Pearl River Bridge Former Residence Of Sun Yat-sen Xiaozhou Village of Guangzhou Special Cuisine Kaiping – Huangqi Rice Flavor Zhuhai – Famous Luxury Banquet , Yue Pin Xuan Flavor Zhongshan – Pigeon Flavor PanYu– Nanhaicheng flavor Guangzhou- Cantonese cuisine , Xiguan Style Feast Shunde – Water Flavor Luxury hotel Guangzhou - 5☆ NanYang King’s Gate Hotel / similar （Guangzhou depart） Zhongshan - 5☆ International Trade Yucca Hotel/ similar Zhuhai - 5☆ Royal Duke Cherrabah Hotel/ similar Guangzhou -4☆ Holiday Inn Express Hotel/ similar（Guangzhou return） Golden Tropics Travel & Tours Sdn Bhd 东风旅游有限公司 (Co.No.624552-U, KKKP:4108, GST Reg.No.000352829440) 30-G, Jalan Danau Lumayan 1, Bandar Sri Permaisuri, 56000 Kuala Lumpur, Malaysia. Tel: 603-9174 6888 Fax: 603-9174 7888 Email: [email protected] Web: www.goldentropics.com.my Tour code: MGSZ7 Departure : SAT，SUN （china time） DAY 1 : Guangzhou (-) Upon arrival Guangzhou Baiyu international airport(CAN)or Guangzhounan Railway Station, meet and transfer to hotel, free & leisure . （pick up service：8：00am
    [Show full text]