DOCSLIB.ORG

Chapter 1 Important Notice, Content and Paraphrases

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

招商局地产控股股份有限公司 2012 年度报告全文 Annual Report 2012 Announcement No.:【CMPD】2013-009 Chapter 1 Important Notice, Content and Paraphrases Important Notice: Board of Directors, Supervisory Committee of China Merchants Property Development Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby confirm that there are no any important omissions, fictitious statements or serious misleading information carried in this report, and shall take all responsibilities, individual and/or joint, for the authenticity, accuracy and integrality of the whole contents. The preplans for profit distribution and for increasing capital stock transferred from capital reserve during the report period examined by the Board of Directors of the Company are: Taking the report period end shareholding equity 1,717,300,503 shares as the cardinal number, for each ten shares, allot RMB 3.0 cash (including tax), and increasing capital stock transferred from capital reserve is not performed. Lin Shaobin—Legal Representative, Huang Peikun—Chief Financial Officer, and Xu Yixia—Manager of Accounting Department hereby confirm that the Financial Report enclosed in the Annual Report is true and complete. Zhang Wei - Independent Director of the Company did not attend the meeting due to business, and Chai Qiang -Independent Director was authorized to attend the meeting and exercised the right to vote on behalf of him. All the rest Directors attended the meeting of Board of Directors examining this report. This report has been prepared in Chinese and English version respectively. In the occurrence of differences due to interpretations of both versions, the Chinese report shall prevail. 0 招商局地产控股股份有限公司 2012 年度报告全文 Content Chapter 1. Important Notice, Content and Paraphrases………………………………..1 Chapter 2. Company Profile……………………………………………………………5 Chapter 3. Financial Summary…………………………………………………………7 Chapter 4. Report of the Board of Directors…................................................................9 Chapter 5. Significant Events…………………………………………………………..45 Chapter 6. Changes in Share Capital and Particulars about Shareholders… ………….53 Chapter 7. Particulars about Directors, Supervisors, Senior Executives and Staffs… ..58 Chapter 8. Company Governance……………………………………………………….68 Chapter 9. Internal Control………………………………………………………………75 Chapter 10 Financial Reports…………………………………………………………….77 Chapter 11 File Directory for Reference…………………………………………………77 1 招商局地产控股股份有限公司 2012 年度报告全文 Paraphrases Unless specified in the report, the following abbreviations possess the meanings as follows: Paraphrase item Refers to Paraphrase content CSRC Refers to China Securities Regulatory Commission Shenzhen Securities Refers to China Securities Regulatory Commission Shenzhen Regulatory Bureau Regulatory Bureau SZSE Refers to Shenzhen Stock Exchange The Company Refers to China Merchants Property Development Co., Ltd. China Merchants Group Refers to China Merchants Group Ltd. Top Chief Refers to Top Chief Co., Ltd. Shekou Industrial Zone Refers to China Merchants Shekou Industrial Zone Co., Ltd. Zhangzhou Refers to China Merchants Zhangzhou Development Zone Co., Ltd. Development Zone Shenzhen CMRE Refers to Shenzhen China Merchants Real Estate Co., Ltd. China Merchants Refers to Shenzhen China Merchants Properties and Investment Co., Ltd. Properties and Investment CMPS Refers to Shenzhen China Merchants Power Supply Co., Ltd. China Merchants Refers to China Merchants Property Management Co., Ltd. Property Management Tonic Industries Refers to Tonic Industries Holdings Ltd. Hong Kong Ruijia Refers to Ruijia Investment Industrial Co., Ltd. Full Space Investment Refers to Full Space Investment Ltd. Risk Reminder In the chapter of Report of the Board of Directors in this report, the risk factors that may exist in the Company and the coping strategies are described in details. The investors please pay attention to the related contents. 2 招商局地产控股股份有限公司 2012 年度报告全文 Chapter 2. Company Profile (I) Profile I. Legal Name of the Company: In Chinese: 招商局地产控股股份有限公司 Abbr: 招商地产 In English: CHINA MERCHANTS PROPERTY DEVELOPMENT CO., LTD. Abbr: CMPD II. Legal Representative: Lin Shaobin III. Secretary of the Board: Liu Ning Securities Affair Representative: Zeng Fanyue Address: No.3 Building, Nanhai E Cool Park, No.6 Xinghua Road, Shekou Industrial Zone, Nanshan District, Shenzhen Post Code: 518067 Tel: (0755) 26819600 Fax: (0755) 26818666 Email: [email protected] IV. Registered Address: No.3 Building, Nanhai E Cool Park, No.6 Xinghua Road, Shekou Industrial Zone, Nanshan District, Shenzhen Office Address: No.3 Building, Nanhai E Cool Park, No.6 Xinghua Road, Shekou Industrial Zone, Nanshan District, Shenzhen Post Code: 518067 Company Web site: http://www.cmpd.cn E-mail: [email protected] V. Newspapers selected for Disclosing the Information of the Company: China Securities Journal, Securities Times, Shanghai Securities News, Securities Daily and Hong Kong Commercial Daily Official Website for Publishing Annual Report authorized by CSRC: http://www.cninfo.com.cn 3 招商局地产控股股份有限公司 2012 年度报告全文 Place Where the Semi-Annual Report is Prepared and Placed: Secretariat of the Board of Directors VI. Stock listed in: Shenzhen Stock Exchange Also listed with: Singapore Stock Exchange Short Form of the Stock: CMPD, CMPD-B Stock Code: 000024, 200024 VII. Registry Changes of the Company within the Report Period 1. Initial registration date: September 19th, 1990 2. Initial registration place: Shenzhen 3. Registration code for corporate business code: 440301503287841 4. Tax Registration No.: National Tax-Shen Zi 440300618845136 5. Code of Organization: 61884513-6 6. Main business change and all previous controlling shareholder change of the Company since the listing The company‟s predecessor is „Merchants Shekou Port Service Co., Ltd.‟ and has the main business of port business. June 7th, 1993, A shares and B shares of the Company are listed trading at Shenzhen Stock Exchange. From 1998 to 1999, the property having nothing to do with the main business of the Company is replaced with stock rights of Shenzhen CMRE, CMPS and other companies held by Shekou Industrial Zone, and accumulative total 70% of the stock rights of the companies is transferred. July 21st, 2000, the Company is renamed as „China Merchants Shekou holding Co., Ltd.‟ July 13th, 2001, the rest relevant assets of Shekou Port are replaced with 25% of stock rights of Shenzhen CMRE, CMPS and other companies held by Shekou Industrial Zone. June 24th, 2004, the Company is renamed as „China Merchants Property Development Co., Ltd.‟ and becomes a listed company taking real estate development and management as main business. Since listing, the controlling shareholders of the Company did not change. VIII. The certified public accountants hired by the Company Name: Shinewing Certified Public Accountants Ltd.; Office Address: 8F, Block A, Fuhua Mansion, 8 North Street of Chaoyangmen, Dongcheng District, Beijing 4 招商局地产控股股份有限公司 2012 年度报告全文 Signature certified public accountants: Guo Jinlong, Wang Yaming 5 招商局地产控股股份有限公司 2012 年度报告全文 Chapter 3. Financial Summary I. Main accounting data and financial index The Company does not make retroactive adjustment or restatement for the previous year accounting data due to accounting policy alternative, correction of accounting error, etc. (Unit: RMB) Year-on-year Main accounting data 2012 2011 2010 Change Operating income (RMB) 25,296,762,15 15,111,366,64 67.40% 13,782,425,23 4.46 2.00 1.00 Net profit attributable to shareholders of the listed company (RMB) 3,318,266,875.59 2,591,781,031.00 28.03% 2,011,397,239.00 Net profit attributable to shareholders of the listed company after deducting non-recurring gains and 3,347,473,177.02 2,490,234,506.00 34.42% 2,003,177,128.00 losses (RMB) Net cash flow from 5,059,172,766.83 -2,112,339,698.00 339.51% -4,446,294,010.00 operating activities (RMB) Basic earnings per share 1.93 1.51 27.81% 1.17 (RMB/share)） Diluted earnings per share 1.93 1.51 27.81% 1.17 (RMB/share) Up by 1.64 Return on equity (%) 15.03% 13.39% percentage points 11.66% Year-on-year End of 2012 End of 2011 End of 2010 Change 108,534,533,311.24 79,666,494,368.00 36.24% 59,818,240,763.00 Total assets (RMB) Net asset value attributable to shareholders of the 23,393,515,534.23 20,418,214,797.00 14.57% 18,207,431,836.00 listed company (RMB) II. Influence of IAS Adjustment on Net Profit and Net Asset (unaudited) (Unit: RMB) Net profit attributable to the Net assets attributable to the shareholders of the listed company shareholders of the listed company 2012 2011 End of 2012 End of 2011 By IAS 3,318,266,875.5 2,591,781,031 24,733,344,763 21,758,044,026 9 .00 .23 .00 6 招商局地产控股股份有限公司 2012 年度报告全文 By Chinese Accounting Standard 3,318,266,875.59 2,591,781,031.0 23,393,515,534.23 20,418,214,797.00 Difference between home& abroad -- - 1,339,829,229.00 1,339,829,229.00 Of which: Adjustment of - - 1,339,829,229.00 1,339,829,229.00 goodwill For the current year, the net profit attributable to the shareholders of listed company is the same under both Chinese Accounting Standard and International Accounting Standard. The main reason of the adjustment on the net asset attributable to shareholders of listed Notes company according to International Accounting Standard was that according to the Chinese Accounting Standard and relative regulations, the differences generated by consolidation of entities under same control shall be adjusted into capital reserves, whereas the goodwill generated by consolidation shall be recorded
Recommended publications
  • How One Company Is Selling Dreams

    How One Company Is Selling Dreams

    How One Company Is Selling Dreams China Intercontinental Press (and Dish Soap) Follow Us on Advertising Hotline WeChat Now 城市漫步珠 in China 国内统一刊号: 三角英文版 that's guangzhou that's shenzhen CN 11-5234/GO NOVEMBER 2017 11月份 that’s PRD 《城市漫步》珠江三角洲 英文月刊 主管单位 : 中华人民共和国国务院新闻办公室 Supervised by the State Council Information Office of the People's Republic of China 主办单位 : 五洲传播出版社 地址 : 北京西城月坛北街 26 号恒华国际商务中心南楼 11 层文化交流中心 11th Floor South Building, Henghua lnternational Business Center, 26 Yuetan North Street, Xicheng District, Beijing http://www.cicc.org.cn 社长 President: 陈陆军 Chen Lujun 期刊部负责人 Supervisor of Magazine Department: 邓锦辉 Deng Jinhui 编辑 Editor: 朱莉莉 Zhu Lili 发行 Circulation: 李若琳 Li Ruolin Editor in Chief Jocelyn Richards Shenzhen Editor Sky Thomas Gidge Senior Digital Editor Matthew Bossons Shenzhen Digital Editor Bailey Hu Senior Staff Writer Tristin Zhang National Arts Editor Erica Martin Contributors Gary Bailer, Ariana Crisafulli, Lena Gidwani, Dr. Adam Koh, Mia Li, Noelle Mateer, Dominic Ngai, Adam Robbins, Wilson Tong HK FOCUS MEDIA Shanghai (Head Office) 上海和舟广告有限公司 上海市蒙自路 169 号智造局 2 号楼 305-306 室 邮政编码 : 200023 Room 305-306, Building 2, No.169 Mengzi Lu, Shanghai 200023 电话 : 传真 : Guangzhou 上海和舟广告有限公司广州分公司 广州市麓苑路 42 号大院 2 号楼 610 室 邮政编码 : 510095 Rm 610, No. 2 Building, Area 42, Luyuan Lu, Guangzhou 510095 电话 : 020-8358 6125 传真 : 020-8357 3859 - 816 Shenzhen 深圳联络处 深圳市福田区彩田路星河世纪大厦 C1-1303 C1-1303, Galaxy Century Building, Caitian Lu, Futian District, Shenzhen 电话 : 0755-8623 3220 传真 : 0755-6406 8538 Beijing 北京联络处 北京市东城区东直门外大街 48 号东方银座 C 座 G9 室 邮政编码 : 100027 9G, Block C, Ginza Mall, No.
  • Summary of Semi-Annual Report 2006

    Summary of Semi-Annual Report 2006

    China Merchants Property Development Co., Ltd. Summary of Semi-Annual Report 2006 Stock Code: 000024,200024 Stock ID: G China Merchants, China Merchants B Announcement No. [CMPD]2006-023 China Merchants Property Development Co., Ltd. Summary of Semi-Annual Report 2006 §1 Important Declaration 1.1 The Board of Directors and the directors of the Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report. This summary is abstracted from the completed text of the Interim Report, which can be found at www.cninfo.com.cn , for details of the report please go to the complete text. 1.2 None of the directors, supervisors, or senior managements is not able to guarantee or disagree with the accuracy, authentic and completeness. 1.3 All directors presented the board meeting. 1.4 The financial statements carried in this report are not audited. 1.5 Mr. Sun Chengming - the legal representative, Mr. Huang Peikun – the chief financial officer, and Ms. Xu Yixia – the manager of accounting department declare: the financial reports carried in this report is secured for its truthfulness and completeness. 1 China Merchants Property Development Co., Ltd. Summary of Semi-Annual Report 2006 §2 Company Profile 2.1 Company Profile Stock ID G China Merchants, China Merchants B Stock Code 000024、 200024 Stock Exchange Shenzhen Stock Exchange, Singapore Stock Exchange Secretary of the Board Representative of Stock Affairs Name Chen Yu Liu Ning 9/F, New Times Plaza, Shekou Industrial Zone, 9/F, New Times Plaza, Shekou Industrial Zone, Address Nanshan District, Shenzhen Nanshan District, Shenzhen Tel.
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA

    Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA

    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
  • Builing Energy Efficiency: Why Green Buildings Are Key to Asia's Future

    Builing Energy Efficiency: Why Green Buildings Are Key to Asia's Future

    ENDNOTES 1 Intergovernmental Panel on Climate Change, 2007, Climate Change 2007: Mitigation of Climate Change, Summary for Policymakers, p. 18. 2 The Institute of Energy Economics, Japan (IEEJ), 2006, “Asia/World Energy Outlook 2006”, see: http://eneken.ieej.or.jp/en/data/pdf/362.pdf 3 Architecture 2030, “The Building Sector”, See web site of Architecture 2030: http://www.architecture2030.org/building_sector/index.html 4 Dependency of Japan, China and South Korea on the Middle East for oil supply will increase from 72 percent in 2004 to 83 percent in 2030. 5 Ivo J.H. Bozon, Warren J. Campbell, and Mats Lindstrand, 2007, “Global Trends in Energy”, The McKinsey Quarterly, no. 1, pp.47-55. 6 Telephone interview with Barbara Finamore, Director, China Clean Energy Program, Natural Resources Defense Council, May 2006; Information Center of the Chinese Ministry of Land and Resources, 2007, “Energy Situation in China and Energy Development Strategy”, see: http://big5. lrn.cn/stratage/resposition/200704/t20070410_49075.htm 7 Xu Binglan, 2006, “Energy standards set for buildings”, China Daily, February 17, see: http://www.chinadaily.com.cn/english/doc/2006-02/17/ content_521206.htm 8 India Construction Industry Development Council, 2006, Country Report 2005-2006. 9 The Institute of Energy Economics, Japan (IEEJ), 2006, “Asia/World Energy Outlook 2006”, see: http://eneken.ieej.or.jp/en/data/pdf/362.pdf 10 The Institute of Energy Economics, Japan (IEEJ), 2006, “Asia/World Energy Outlook 2006”, see: http://eneken.ieej.or.jp/en/data/pdf/362.pdf www.AsiaBusinessCouncil.org
  • Shenzhen Properties & Resources Development

    Shenzhen Properties & Resources Development

    ShenZhen Properties & Resources Development (Group) Ltd. Annual Report 2020 (Summary) Stock Code: 000011, 200011 Stock Name: PRD, PRD-B Announcement No. 2021-06 SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT (GROUP) LTD. ANNUAL REPORT 2020 (SUMMARY) Part I Important Notes This Summary is based on the full text of the Annual Report of ShenZhen Properties & Resources Development (Group) Ltd. (together with its consolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a full understanding of the Company’s operating results, financial position and future development plans, investors should carefully read the aforesaid full text, which has been disclosed together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”). Except for the following directors, all the other directors attended in person the Board meeting for the review of this Report and its summary. Reason for not attending the Proxy entrusted to attend the Name Office title meeting in person meeting Independent auditor’s modified opinion: □ Applicable √ Not applicable Board-approved final cash and/or stock dividend plan for ordinary shareholders for the Reporting Period: √ Applicable □ Not applicable Bonus issue from capital reserves: □ Yes √ No The Board has approved a final dividend plan for ordinary shareholders as follows: based on the share capital of 595,979,092 shares, a cash dividend of RMB4.1 (tax inclusive) per 10 shares is to be distributed to the shareholders, with no bonus issue from either profit or capital reserves. Board-approved final cash and/or stock dividend plan for preferred shareholders for the Reporting Period: □ Applicable √ Not applicable This Report and its summary have been prepared in both Chinese and English.
  • Federal Register/Vol. 86, No. 119/Thursday, June 24, 2021/Notices

    Federal Register/Vol. 86, No. 119/Thursday, June 24, 2021/Notices

    33222 Federal Register / Vol. 86, No. 119 / Thursday, June 24, 2021 / Notices MPROVE Co., Limited Shanghai Jade Shuttle Hardware Tools Co., Wire Products Manufacturing Co., Ltd. Nailtech Co., Ltd. Ltd. Wuhu Diamond Metal Products Co., ltd Nanjing Duraturf Co., Ltd. Shanghai March Import & Export Co., Ltd. Wulian Zhanpeng Metals Co., Ltd. Nanjing Nuochun Hardware Co., Ltd. Shanghai Seti Enterprise Int’l Co., Ltd. Wuxi Holtrent International Co., Ltd. Nanjing Tianxingtong Electronic Technology Shanghai Shenda Imp. & Exp. Co., Ltd Wuxi Yushea Furniture Co., Ltd. Co., Ltd. Shanghai Sutek Industries Co., Ltd. Xiamen Hongju Printing Industry &trade Co., Nanjing Tianyu International Co., Ltd. Shanghai Television and Electronics Import Ltd. Nanjing Toua Hardware & Tools Co., Ltd. and Export Co., Ltd. Xuzhou Cip International Group Co, Ltd. Nanjing Zeejoe International Trade Shanghai Yiren Machinery Co., Ltd. Yiwu Competency Trading Co., Ltd. Nantong Intlevel Trade Co., Ltd. Shanghai Yueda Fasteners Co., Ltd. Yiwu Kingland Import & Export Co. Natuzzi China Limited Shanghai Zoonlion Industrial Co., Limited Yiwu Taisheng Decoration Materials Limited Nielsen Bainbridge LLC Shanghai Zoonlion Industrial Co., Ltd. Yiwu Yipeng Import & Export Co., Ltd. Ningbo Adv. Tools Co., Ltd. Shanxi Easyfix Trade Co., Ltd. Yongchang Metal Product Co., Ltd. Ningbo Angelstar Trading Co., Ltd. Shanxi Fastener & Hardware Products Youngwoo Fasteners Co., Ltd. Ningbo Bright Max Co., Ltd. Shanxi Xinjintai Hardware Co., Ltd. Yuyao Dingfeng Engineering Co. Ltd. Ningbo Fine Hardware Production Co., Ltd. Shaoxing Bohui Import and Export Co., Ltd Zhanghaiding Hardware Co., Ltd. Ningbo Freewill Imp. & Exp. Co., Ltd. Shaoxing Chengye Metal Producing Co., Ltd. Zhangjiagang Lianfeng Metals Products Co., Ningbo Home-dollar Imp.& Exp.
  • Kick, Push, Coast Kick, Push, Coast

    Kick, Push, Coast Kick, Push, Coast

    Kick, Push, Coast Kick, Push, Coast Follow China Intercontinental Press Us on Advertising Hotline WeChat Now 城市漫步珠 国内统一刊号: 三角英文版 that's guangzhou that's shenzhen CN 11-5234/GO MARCH 2018 03月份 that’s PRD 《城市漫步》珠江三角洲 英文月刊 主管单位 : 中华人民共和国国务院新闻办公室 Supervised by the State Council Information Office of the People's Republic of China 主办单位 : 五洲传播出版社 地址 : 北京西城月坛北街 26 号恒华国际商务中心南楼 11 层文化交流中心 11th Floor South Building, Henghua lnternational Business Center, 26 Yuetan North Street, Xicheng District, Beijing http://www.cicc.org.cn 社长 President: 陈陆军 Chen Lujun 期刊部负责人 Supervisor of Magazine Department: 邓锦辉 Deng Jinhui 编辑 Editor: 朱莉莉 Zhu Lili 发行 Circulation: 李若琳 Li Ruolin Senior Digital Editor Matthew Bossons Shenzhen Editor Adam Robbins Guangzhou Editor Daniel Plafker Shenzhen Digital Editor Bailey Hu Senior Staff Writer Tristin Zhang Digital Editor Katrina Shi National Arts Editor Erica Martin Contributors Paul Barresi, Sky Gidge, Lena Gidwani, Dr. Kate Gaynor, Bryan Grogan, Winnie Jin, Mia Li, Kheng Swe Lim, Erica Martin, Dominic Ngai, Katrina Shi HK FOCUS MEDIA Shanghai (Head Office) 上海和舟广告有限公司 上海市蒙自路 169 号智造局 2 号楼 305-306 室 邮政编码 : 200023 Room 305-306, Building 2, No.169 Mengzi Lu, Shanghai 200023 电话 : 传真 : Guangzhou 上海和舟广告有限公司广州分公司 广州市麓苑路 42 号大院 2 号楼 610 室 邮政编码 : 510095 Rm 610, No. 2 Building, Area 42, Luyuan Lu, Guangzhou 510095 电话 : 020-8358 6125 传真 : 020-8357 3859 - 816 Shenzhen 深圳联络处 深圳市福田区彩田路星河世纪大厦 C1-1303 C1-1303, Galaxy Century Building, Caitian Lu, Futian District, Shenzhen 电话 : 0755-8623 3220 传真 : 0755-6406 8538 Beijing 北京联络处 北京市东城区东直门外大街 48 号东方银座 C 座 G9 室 邮政编码 : 100027 9G, Block C, Ginza Mall, No.
  • U.S. Investors Are Funding Malign PRC Companies on Major Indices

    U.S. Investors Are Funding Malign PRC Companies on Major Indices

    U.S. DEPARTMENT OF STATE Office of the Spokesperson For Immediate Release FACT SHEET December 8, 2020 U.S. Investors Are Funding Malign PRC Companies on Major Indices “Under Xi Jinping, the CCP has prioritized something called ‘military-civil fusion.’ … Chinese companies and researchers must… under penalty of law – share technology with the Chinese military. The goal is to ensure that the People’s Liberation Army has military dominance. And the PLA’s core mission is to sustain the Chinese Communist Party’s grip on power.” – Secretary of State Michael R. Pompeo, January 13, 2020 The Chinese Communist Party’s (CCP) threat to American national security extends into our financial markets and impacts American investors. Many major stock and bond indices developed by index providers like MSCI and FTSE include malign People’s Republic of China (PRC) companies that are listed on the Department of Commerce’s Entity List and/or the Department of Defense’s List of “Communist Chinese military companies” (CCMCs). The money flowing into these index funds – often passively, from U.S. retail investors – supports Chinese companies involved in both civilian and military production. Some of these companies produce technologies for the surveillance of civilians and repression of human rights, as is the case with Uyghurs and other Muslim minority groups in Xinjiang, China, as well as in other repressive regimes, such as Iran and Venezuela. As of December 2020, at least 24 of the 35 parent-level CCMCs had affiliates’ securities included on a major securities index. This includes at least 71 distinct affiliate-level securities issuers.
  • JUN YANG Vita

    JUN YANG Vita

    Last update: September 2021 JUN YANG Co-Chair, Department of Finance Director, the Institute for Corporate Governance Conrad Prebys Professor of Finance Kelley School of Business Indiana University ______________________________________________________________________________ MAILING ADDRESS: PHONE, EMAIL: Department of Finance 812-855-3395 (office) 1275 E. Tenth Street [email protected] Bloomington, IN 47405-1701 Office Location: HH 6137 APPOINTMENTS • Professor of Finance, Kelley School of Business, Indiana University, 2021–present. • Associate Professor of Finance, Kelley School of Business, Indiana University, 2012–2021. • Assistant Professor of Finance, Kelley School of Business, Indiana University, 2005–2012. EDUCATION • Ph.D., Finance, Washington University in Saint Louis, 2005. • Ph.D., Operations Management, the Chinese University of Hong Kong, 1997. • M.S., Management Information Systems, Tsinghua University, 1994. • B.S., Management Information Systems and B.S., Electronics and Computer Technology, summa cum laude, Tsinghua University, 1991. INTERESTS Financial Contracting, Corporate Governance, Executive Compensation, Fintech AWARDS AND HONORS • Finalist, Service Award (Kelley School of Business, Indiana University), 2020. • Finalist, John L. Weinberg Best Paper Award at the Corporate Governance Symposium, 2017. • Best Paper Award at Financial Institutions, Regulation and Corporate Governance Conference, 2016. • Best Paper Award in Corporate Finance from the EFMA, 2016. • Research Excellence Award (Kelley School of Business, Indiana University), 2016. Jun Yang • Trustees Teaching Award (Kelley School of Business, Indiana University), 2015. • Research Excellence Award (Kelley School of Business, Indiana University), 2010. • Finalist, Trustees Teaching Award (Kelley School of Business, Indiana University), 2008, 2010, 2012. • Arthur M. Weimer Faculty Fellow, 2019–2021. • ArcelorMittal USA Faculty Fellow, 2016–2019. • 3M Jr. Faculty Fellow (Kelley School of Business, Indiana University), 2010–2012.
  • Global Maritime Weekly Digest Publishing Director: Prof Minghua Zhao Editor: Richard Scott

    Global Maritime Weekly Digest Publishing Director: Prof Minghua Zhao Editor: Richard Scott

    Please note: this publication is intended for academic use only, not for commercial purposes Global Maritime Weekly Digest Publishing Director: Prof Minghua Zhao Editor: Richard Scott 24 October 2017 issue 93 ..................................................................................................................................... The Global Maritime Weekly Digest, based at Southampton SOLENT University, provides a regular flow of maritime news and analysis, of significance in a global context. Topics covered include shipping fleets and management, seaborne trade, ports, shipbuilding, ship recycling, maritime policy and regulations, and seafarers' labour. Contents (1) World seaborne trade growth regaining momentum this year (2) Prospects for multipurpose shipping sector justify cautious optimism (3) Global car carrier fleet developments (4) Reduced average ship speed could cut emissions substantially (5) Rising emissions from shipping activities (6) China’s economy progressing well: benefits for the global maritime scene (7) How container shipping might evolve over the next half century Editorial comments • In 2017 world seaborne trade growth is expected to show an acceleration from relatively slow rates in the previous two years, according to some analysts (item 1). This performance is partly restoring confidence in the upwards trend, after past sluggishness had caused observers to question whether it is still realistic to expect further robust expansion. • A new study of global shipping emissions reveals that growth of greenhouse gases produced by the industry (oceangoing vessels, domestic ships and fishing vessels) has resumed (item 5). But the published data from this source also shows that the industry’s emissions, as a proportion of the global total from all origins, has remained stable in recent years. • Amid the strategic and symbolic five-yearly party congress now ending in Beijing, figures measuring the output of China’s economy show that third quarter GDP expansion was above target.
  • Inventory of Environmental Work in China

    Inventory of Environmental Work in China

    INVENTORY OF ENVIRONMENTAL WORK IN CHINA In this fifth issue of the China Environment Series, the Inventory of Environmental Work in China has been updated and we made extra effort to add many new groups, especially in the Chinese organization section. To better highlight the growing number of U.S. universities and professional associations active in China we have created a separate section. In the past inventories we have gathered information from U.S. government agencies; from this year forward we will be inventorying the work done by other governments as well. This inventory aims to paint a clearer picture of the patterns of aid and investment in environmental protection and energy-efficiency projects in the People’s Republic of China. We highlight a total of 118 organizations and agencies in this inventory and provide information on 359 projects. The five categories of the inventory are listed below: Part I (p. 138): United States Government Activities (15 agencies/organizations, 103 projects) Part II (p. 163): U.S. and International NGO Activities (33 organizations, 91 projects) Part III (p. 190): U.S. Universities and Professional Association Activities (9 institutions, 27 projects) Part IV (p. 196): Chinese and Hong Kong NGO and GONGO Activities (50 organizations, 61 projects) Part V (p. 212): Bilateral Government Activities (11 agencies/organizations, 77 projects) Since we have expanded the inventory, even more people than last year contributed to the creation of this inventory. We are grateful to all of those in U.S. government agencies, international and Chinese nongovernmental organizations, universities, as well as representatives in foreign embassies who generously gave their time to compile and summarize the information their organizations and agencies undertake in China.
  • 2018 China-US Symposium Participant List

    2018 China-US Symposium Participant List

    SYMPOSIUM ON BUILDING THE ST FINANCIAL SYSTEM OF THE 21 CENTURY: AN AGENDA FOR CHINA AND THE UNITED STATES GUANGZHOU, CHINA JUNE 6-8 PARTICIPANT LIST (AS OF JUNE 5) Crystal CHEN Akira Ariyoshi General Manager, BlackRock Investment Specially Appointed Professor, International Management (Shanghai) Company Limited University of Japan Vivian CHEN Bo BAI Chairman, Beijing HRJT Investment Co. Ltd. CEO, U.S. – China Green Fund Yunxian CHEN Nowell Bamberger Former Deputy Governor, Guangdong Partner, Cleary Gottlieb Steen & Hamilton LLP Provincial People’s Government Mark Barnes Zhiying CHEN Partner, KPMG LLP Member, Standing Committee of CPC Guangzhou Municipal; Vice Mayor, Guangzhou Charles Bennett Municipal People’s Government Consul General, Guangzhou, China, U.S. Department of State Manjiang CHEN CEO, BOCI Research Limited Stephen Berger Managing Director, Government & Regulatory Yan CHENG Policy, Citadel LLC Senior Advisor, China Shandong Hi-Speed Financial Group Ltd. Gregg Berman Director of Market Analytics and Regulatory Daniel Chinoy Structure, Citadel LLC Research Analyst, Elliot Advisors Kevin Burgwinkle Lina Choi Economic Officer, Guangzhou, China, U.S. Vice President-Senior Credit Officer, Moodys Department of State Diana Choyleva Alexandre Cerat Chief Economist, Enodo Economics Diplomat, First Secretary, Economics & Finance, Embassy of Canada to Beijing Rebecca Chua Managing Partner, Premia Partners Company Iris Chan Ltd. Founder and Chief Executive Officer, Ameriway Inc. Jenny Cosco Managing Director, Co-Head, Government Lyndon