CITIC Securities [6030.HK] Solid 5M2018 Performance; Upgrade to BUY
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China – 2009 Ipo
CHINA – 2009 IPO Data do IPO Companhia Preço (US$) Volume (US$ MM) Subscrição 30-dez Shanghai Xinpeng Industrial Co Ltd 2,84 212,873 Qilu Securities Co Ltd 30-dez Shenzhen Fuanna Bedding and Furnishing Co Ltd 4,39 114,236 PingAn Securities Co Ltd 29-dez China CNR Corp Ltd 0,81 2.035,590 CICC, HUARON, HUATAI 25-dez Beijing Cisri-Gaona Materials & Technology Co Ltd 2,86 85,806 Guosen Securities Co Ltd 25-dez Beijing SuperMap Software Co Ltd 2,87 54,539 PingAn Securities Co Ltd 25-dez Guangzhou Improve Medical Instrument Co Ltd 3,66 68,100 Guosen Securities Co Ltd 25-dez Hexin Flush Information Network Co Ltd 7,73 129,908 Shenyin & Wanguo Securities Co Ltd 25-dez Hunan Zhongke Electric Co Ltd 5,27 81,720 PingAn Securities Co Ltd 25-dez Jiangsu Huasheng Tianlong Photoelectric Co Ltd 2,66 133,124 Everbright Securities Co 25-dez Jinlong Machinery & Electronic Co Ltd 2,78 99,338 Guosen Securities Co Ltd 25-dez Shenzhen Gas Corp Ltd 1,02 132,331 Guosen Securities Co Ltd 25-dez Wuxi Boton Belt Co Ltd 5,57 69,565 Qilu Securities Co Ltd 22-dez Shenzhen Hongtao Decoration Co Ltd 3,95 118,636 Guosen Securities Co Ltd 22-dez Zhejiang Yongtai Technology Co Ltd 2,93 98,131 Rising Securities Co Ltd 18-dez Jiangsu Zhonglian Electric Co Ltd 4,39 92,252 Goldstate Securities 18-dez Ningbo Lugong Online Monitoring Technology Co Ltd 5,86 97,817 CITIC Securities Co Ltd 18-dez Shanghai Pret Composites Co Ltd 3,29 115,315 China Merchants Securities Co Ltd 16-dez China Shipbuilding Industry Co Ltd 1,08 2.156,600 China International Capital Corp 16-dez Hainan Strait -
2017Annual Report CONTENTS
(A joint stock company incorporated in the People’s Republic of China with limited liability) Stock Code: 6066 2017 Annual2017 Report 2017Annual Report CONTENTS Definitions ................................ 2 Chairman’s Statement ....................... 6 Section 1 Important Notice ................. 9 Section 2 Material Risk Factors ............. 10 Section 3 Company Information ............. 11 Section 4 Financial Summary ............... 26 Section 5 Management Discussion and Analysis .................... 32 Section 6 Report of Directors ............... 84 Section 7 Other Significant Events ........... 96 Section 8 Changes in Shares and Information on Substantial Shareholders .......... 108 Section 9 Directors, Supervisors, Senior Management and Employees ....... 114 Section 10 Corporate Governance Report ...... 150 Section 11 Environmental, Social and Governance Report ............... 177 Annex Independent Auditor’s Report and Notes to the Consolidated Financial Statements ..................... 205 Annual Report 2017 1 DEFINITIONS Unless the context otherwise requires, the following expressions have the following meanings in this annual report: “A Share(s)” the ordinary shares with a nominal value of RMB1.00 each proposed to be issued by the Company under the A Share Offering, to be listed on the Shanghai Stock Exchange and traded in RMB “A Share Offering” the proposed initial public offering of not more than 400,000,000 A Shares in the PRC by the Company “Articles of Association” or “Articles” the articles of association of CSC Financial -
LEAGUE TABLES H1 2018 Preliminary As of 25 June 2018 H1 2018 PRELIMINARY AS of 25 JUNE 2018 MANAGER RANKINGS ASIA PACIFIC CAPITAL MARKETS
ASIA PACIFIC CAPITAL MARKETS LEAGUE TABLES H1 2018 Preliminary As of 25 June 2018 H1 2018 PRELIMINARY AS OF 25 JUNE 2018 MANAGER RANKINGS ASIA PACIFIC CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions; according to Bloomberg standards. LEAG<GO> for a full range of league tables MA<GO> for a full range of merger & acquisition tables NI LEAG CRL<GO> or http://www.bloomberg.com/ for a full range of market-specific league table publications Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service. DATA SUBMISSIONS AND QUERIES Contact Phone Email Equities Zhen Hao Toh +65 6499 2931 [email protected] Fixed Income Jennifer Passos +65 6231 9677 [email protected] Loans Colin Tang +65 6499 2949 [email protected] APAC League Xin Yu Chen +65 6212 1123 [email protected] © 2018 Bloomberg Finance L.P. All rights reserved. Bloomberg Preliminary APAC Capital Markets | H1 2018 Asia ex-Japan G3 Currency Bonds: Industry Breakdown Asia Pacific Fixed Income 13% 6% 6% Asia ex-Japan G3 Currency Bonds 7% 55% H1 2018 H1 2017 12% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) HSBC 1 7.327 10,159 126 1 9.020 -1.693 Citi 2 5.929 8,219 85 3 6.455 -0.526 Financials 55% Bank of China 3 5.352 7,421 115 4 5.037 0.315 Government 12% Standard Chartered Bank 4 -
2014 China – US Symposium Participant List
SYMPOSIUM ON BUILDING THE FINANCIAL SYSTEM OF THE 21ST CENTURY: AN AGENDA FOR CHINA AND THE UNITED STATES SHENZHEN, CHINA • JUNE 5-7, 2014 U.S. PARTICIPANT LIST as of June 9, 2014 Xiaomin CHEN Alice Au Global Managing Partner, DeHeng Chen, LLC (Law Partner, Spencer Stuart Firm); General Counsel, China General Chamber of Commerce in USA Xiaochun BIAN Executive Deputy Director, Institute of World Youan CHEN Development, Development Research Center of the Chairman, China Galaxy Securities Co. Ltd State Council of China (DRC) Yinhua CAO Amy CHENG Partner, PricewaterhouseCoopers ZhongTian LLP Managing Director, Bank of China International Holdings Limited Steven Chan Vice President & Head of Regulatory, Industry and Guoqiang Cheng Government Affairs, Asia Pacific, State Street Director General, International Cooperation Department, Development Research Center of the Iris Chan State Council of China (DRC) Partner, The Angel’s Forum (TAF) Eugene Cheung James Chang Executive Director, Clearing Solutions, CME China Financial Service Consulting Leader, Pricewaterhouse Coopers Na CHEUNG Senior Manager, CITIC Securities International Co., Howard Chao Ltd. Of Counsel, O’Melveny & Myers LLP Rebecca Chua Liang CHEN Lippincott - Oliver Wyman Group Managing Partner & Hedge Fund Specialist, Humboldt Capital Co. Ltd David C. Donald Professor, Faculty of Law, The Chinese University of Fangfang Chen Hong Kong Senior Vice President of Strategy, State Street Asia Limited Jianjun FAN Research Fellow & Division Chief, General Office, Sam CHEN Development Research -
Schedule of Investments (Unaudited) Ishares MSCI Total International Index Fund (Percentages Shown Are Based on Net Assets) September 30, 2020
Schedule of Investments (unaudited) iShares MSCI Total International Index Fund (Percentages shown are based on Net Assets) September 30, 2020 Mutual Fund Value Total International ex U.S. Index Master Portfolio of Master Investment Portfolio $ 1,034,086,323 Total Investments — 100.4% (Cost: $929,170,670) 1,034,086,323 Liabilities in Excess of Other Assets — (0.4)% (3,643,126) Net Assets — 100.0% $ 1,030,443,197 iShares MSCI Total International Index Fund (the “Fund”) seeks to achieve its investment objective by investing all of its assets in International Tilts Master Portfolio (the “Master Portfolio”), which has the same investment objective and strategies as the Fund. As of September 30, 2020, the value of the investment and the percentage owned by the Fund of the Master Portfolio was $1,034,086,323 and 99.9%, respectively. The Fund records its investment in the Master Portfolio at fair value. The Fund’s investment in the Master Portfolio is valued pursuant to the pricing policies approved by the Board of Directors of the Master Portfolio. Fair Value Hierarchy as of Period End Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: • Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access • Level 2 – Other observable inputs (including, but not limited to, quoted prices -
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.............................. -
Stephen Chan
Stephen Chan Partner Hong Kong | Dechert, 31/F Jardine House, One Connaught Place, Central, Hong Kong, Hong Kong T +852 3518 4733 | F +852 3518 4777 [email protected] Services Corporate > Corporate Finance and Capital Markets > Energy and Natural Resources > Financial Services and Investment Management > Mergers and Acquisitions > Private Equity > Stephen Chan advises clients on corporate finance transactions, including public and private mergers and acquisitions, private equity, REIT listings, restructuring, takeovers, initial public offerings, H share listing and general compliance matters. Mr. Chan has advised on multiple high- profile public takeovers and global offerings in Hong Kong. He has over 18 years of experience advising clients in a broad spectrum of industry sectors, including healthcare, real estates, energy, media, retail, mining and financial services. Mr. Chan is recommended in The Legal 500 Asia Pacific 2019-2021 for his corporate and M&A work in Hong Kong. He has also been recognized as notable practitioner in the Equity Capital Markets area by IFLR1000. Prior to joining Dechert, Mr. Chan was resident in Cadwalader, Wickersham & Taft’s Hong Kong office where he served as a partner in the corporate practice. His previous experience also includes being a partner-designate at Latham & Watkins and working as an associate at Allen & Overy. EXPERIENCE Takeovers, Mergers & Acquisitions and Private Equity New Century Asset Management Limited, manager of NC REIT, on the very substantial and connected disposal of all assets of NC REIT and the subsequent termination, liquidation, deauthorization and delisting from HKSE - the first successful delisting and deauthorization of a Hong Kong-listed REIT. -
CITIC LIMITED Annual Report 2017 HTML
CITIC LI M IT ED Annual Report 2017 CITIC LIMITED ANNUAL REPORT 2017 CITIC Limited Registered Office 32nd Floor, CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong Tel +852 2820 2111 HTML Fax +852 2877 2771 www.citic.com Stock code : 00267 OUR COMPANY CITIC Limited (SEHK: 00267) is China’s largest conglomerate and a constituent of the Hang Seng Index. Among our diverse global businesses, we focus primarily on financial services, resources and energy, manufacturing, engineering contracting and real estate. As China’s economy matures and is increasingly weighted towards consumption and services, CITIC is building upon its existing consumer platform, expanding into complementary businesses that reflect these trends and opportunities. Tracing our roots to the beginning of China’s opening and reform, we are driven today by the same values on which we were founded: a pioneering spirit, a commitment to innovation and a focus on the long term. We embrace world- class technologies and aim for international best practice. We are guided by a strategy that is consumer-centric, commercially-driven, and far-sighted in the allocation of capital and resources. Our platform is unique in its diversity and scale, allowing CITIC to capture emerging opportunities in China and around the world. Guiding us as we grow is our fundamental commitment to create long-term value for all of our shareholders. OUR BUSINESSES Financial Services Resources & Energy CITIC Bank (65.97%) CITIC Resources (59.50%) CITIC Trust (100%) CITIC Mining International (100%) CITIC-Prudential -
To the Board of Directors of Huatai Securities Co., Ltd. (Incorporated in the People’S Republic of China with Limited Liability)
Contents 1 About Us 004 Important Notice 006 Definitions 008 Company Profile 014 Summary of the Results 018 Major Events of the Company 2 Operating Analysis and Strategies 024 Summary of the Company’s Business 036 Management Discussion and Analysis 086 Major Events 3 Corporate Governance 114 Changes in Ordinary Shares and Shareholders 120 Directors, Supervisors and Senior Management 124 Corporate Bonds 4 Financial Report and Documents for Inspection 134 Report on Review of Interim Financial Report 211 Index of Documents for Inspection 211 Information Disclosure of Securities Companies 212 Appendix 1 ABOUT US HU AT AI S E CU R I T I E S HU AT AI S E CU R I T I E S Important Notice Definitions Company Profile Summary of the Results Major Events of the Company 004 006 008 014 018 HUATAI SECURITIES IMPORTANT NOTICE I. The Board of Directors, the Supervisory Committee, Directors, Supervisors and senior management of the Company undertake that the information in this interim report is true, accurate and complete and contains no false record, misleading statement or material omission, and assume individual and joint legal liabilities to the information contained herein. II. All Directors of the Company have been present at the Board meeting. III. This interim report has not been audited. IV. Zhang Wei, the person in charge of the Company, Jiao Xiaoning, the person in charge of accounting, and Fei Lei, the officer in charge of the accounting office (head of accounting department), hereby warrant and guarantee that the financial report contained in the interim report is true, accurate and complete. -
Discloseable Transaction Capital Injection and Investor Introduction of Sinopec Marketing Co., Ltd
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims 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 limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 0386) DISCLOSEABLE TRANSACTION CAPITAL INJECTION AND INVESTOR INTRODUCTION OF SINOPEC MARKETING CO., LTD. The Board of Directors and all directors of Sinopec Corp. warrant that there are no false representations, misleading statements or material omissions contained in this announcement and severally and jointly accept full responsibility for the authenticity, accuracy and completeness of the information contained in this announcement. On 12 September 2014, Marketing Co. (currently a wholly-owned subsidiary of the Company) entered into the Capital Injection Agreement with 25 domestic and foreign investors, pursuant to which the Investors will subscribe for 29.99% shareholding interest in Marketing Co. for an aggregate amount of RMB107.094 billion (including amount in U.S. dollar equivalent). Upon completion of the Capital Injection, (i) the registered capital of Marketing Co. will increase from RMB20 billion to RMB28.567 billion; and (ii) Marketing Co. will be 70.01% held by Sinopec Corp. and 29.99% held by the Investors in aggregate. The financial statements of Marketing Co. will continue to be consolidated into the financial statements of Sinopec Corp. Upon completion of the Capital Injection, the equity interest held by the Company in Marketing Co. -
Guosen Securities Ordered to Pay CSRC CNY 105 Million Over Role in 2015 Chinese Stock Market Rout
6745 Guosen Securities BL0201 – Equities EL0402 – Improper Business or Market Practices CNY – 105,000,000.00 LOSS CNY – Yuan Renminbi CN – CHINA Asia / Pacific Guosen Securities ordered to pay CSRC CNY 105 million over role in 2015 Chinese stock market rout Guosen Securities has been fined CNY 105 million (USD 15.2 million, EUR 13.6 million) by the China Securities Regulatory Authority (CSRC) for its role in the 2015 Chinese stock market rout which saw USD 5 trillion of market value wiped out in a few weeks. Two other brokers, Citic Securities and Haitong Securities, were also fined. According to the regulator, the brokers violated margin financing and securities lending rules in relation to trades they conducted with Citadel Securities during the market rout. Citic failed “to execute business contracts with its customers in accordance with the relevant provisions” the South China Morning Post reports. Citic provided credit account services to Citadel (Shanghai) Trading Company, a unit of Citadel Securities, although the company had not held an active account with the brokerage for at least six months beforehand as required. Guosen Securities also violated this rule, the Financial Times reports, which is intended to prevent new investors from engaging in margin trading and short selling. Haitong Securities was found to have made a false disclosure when opening a margin trading account for Citadel, enabling it to circumvent the six-month rule. Citadel (Shanghai) was banned by the Shenzhen Stock Exchange during the 2015 stock market rout due to opening a large number of accounts for financing and securities lending. -
2012 Annual Report 2017-10-17
www.cs.ecitic.com (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (STOCK CODE : 6030) 2012 ANNUAL REPORT This annual report is printed on environmental paper. IMPORTANT NOTICE The Board and the supervisory committee of the Company and the Directors, Supervisors and Senior Management warrant the truthfulness, accuracy and completeness of the report and that there is no false representation, misleading statement contained herein or material omission from this report, and for which they will assume joint and several liabilities. This report was considered and approved at the 11th Meeting of the 5th Session of the Board of the Company. All Directors of the Company attended the meeting. No Director or Supervisor submitted any objection to this report. The Company’s 2012 profi t distribution proposal considered by the Board is a cash dividend of RMB3.00 for every 10 shares (tax inclusive), and is subject to the approval of the general meeting of the Company. The domestic and international annual fi nancial reports of the Company were audited by Ernst & Young Hua Ming LLP and Ernst & Young respectively, and auditor’s reports with standard unqualifi ed audit opinions were issued accordingly. Mr. WANG Dongming, Chairman of the Company, and Mr. GE Xiaobo, the person-in-charge of accounting affairs and the head of the Company’s fi nancial department, warrant that the fi nancial statements set out in this annual report are true, accurate and complete. There was no appropriation of funds of the Company by connected parties for non-operating purposes.