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Annual Report 2020 Financial Highlights
Contents 3 Financial Highlights 4 Corporate Information 5 Business Location 6 Chairman’s Statement 12 Report of the Directors 58 Directors and Senior Management 63 Corporate Governance Report 81 Independent Auditor’s Report 87 Consolidated Statement of Financial Position 89 Consolidated Statement of Profit or Loss 90 Consolidated Statement of Profit or Loss and Other Comprehensive Income 91 Consolidated Statement of Changes in Equity 93 Consolidated Cash Flow Statement 95 Notes to the Financial Statements 179 Five-Year Financial Summary Sail on Friendly Waters to Favour the World Work Together to Create and Share Good Fortune By virtue of persistence, grittiness and perception, CKSG is committed to Guangdong- Hong Kong-Macao market, sets sail to new Silk Road and has become one of the largest waterway passenger transportation operators in the world and one of the largest navigation logistics operators in Guangdong-Hong Kong-Macao Great Bay Area. In active response to the national initiatives of “Guangdong-Hong Kong-Macao Great Bay Area” and “Belt and Road”, the Company seizes opportunities to build its five platforms for cross-border passenger transportation, Hong Kong transportation, terminal logistics, “Belt and Road” investment and capital operation, so as to accelerate business transformation and upgrading and promote innovation and development, with an aim to develop into an exemplary enterprise in implementing national initiatives, a pioneer in developing Guangdong-Hong Kong-Macao Great Bay Area and a leader of the terminal navigation industry in the Great Bay Area. CKSG will jointly create rich fortune, jointly enjoy great achievements and grasp the future with its stakeholders. -
The Advantages and Disadvantages of Different Social Welfare Strategies
Throughout the world, societies are reexamining, reforming, and restructuring their social welfare systems. New ways are being sought to manage and finance these systems, and new approaches are being developed that alter the relative roles of government, private business, and individ- uals. Not surprisingly, this activity has triggered spirited debate about the relative merits of the various ways of structuring social welfare systems in general and social security programs in particular. The current changes respond to a vari- ety of forces. First, many societies are ad- justing their institutions to reflect changes in social philosophies about the relative responsibilities of government and the individual. These philosophical changes are especially dramatic in China, the former socialist countries of Eastern Europe, and the former Soviet Union; but The Advantages and Disadvantages they are also occurring in what has tradi- of Different Social Welfare Strategies tionally been thought of as the capitalist West. Second, some societies are strug- by Lawrence H. Thompson* gling to adjust to the rising costs associated with aging populations, a problem particu- The following was delivered by the author to the High Level American larly acute in the OECD countries of Asia, Meeting of Experts on The Challenges of Social Reform and New Adminis- Europe, and North America. Third, some trative and Financial Management Techniques. The meeting, which took countries are adjusting their social institu- tions to reflect new development strate- place September 5-7, 1994, in Mar de1 Plata, Argentina, was sponsored gies, a change particularly important in by the International Social Security Association at the invitation of the those countries in the Americas that seek Argentine Secretariat for Social Security in collaboration with the ISSA economic growth through greater eco- Member Organizations of that country. -
Electoral Affairs Commission Report on the 2005 Chief Executive Election
ABBREVIATIONS APROs Assistant Presiding Officers AROs Assistant Returning Officers CAB Constitutional Affairs Bureau Cap Chapter of the Laws of Hong Kong CAS Civil Aid Service CCC Central Co-ordination Centre CE Chief Executive CE Election (Amendment) Chief Executive Election (Amendment) (Term of (Term of Office of the CE) Office of the Chief Executive) Ordinance Ord CEEO Chief Executive Election Ordinance (Cap 569) CEO Chief Electoral Officer CPPCC Chinese People’s Political Consultative Conference CSB Civil Service Bureau CSTDI Civil Service Training and Development Institute D of J Department of Justice DC, DCs District Council, District Councils DPRO, DPROs Deputy Presiding Officer, Deputy Presiding Officers EA, EAs Election Advertisement, Election Advertisements EAC or the Commission Electoral Affairs Commission EAC (EP) (EC) Reg Electoral Affairs Commission (Electoral Procedure) (Election Committee) Regulation EAC (R) (FCSEC) Reg Electoral Affairs Commission (Registration) (Electors for Legislative Council Functional Constituencies) (Voters for Election Committee Subsectors) (Members of Election Committee) Regulation EACO Electoral Affairs Commission Ordinance (Cap 541) EC Election Committee ECICO Elections (Corrupt and Illegal Conduct) Ordinance (Cap 554) ECSS Election Committee Subsector EP (CEE) Reg Electoral Procedure (Chief Executive Election) Regulation ERO Electoral Registration Officer FC, FCs Functional Constituency, Functional Constituencies FR final register HAD Home Affairs Department HITEC Hongkong International Trade -
Equality As a Human Right: the Development of Anti-Discrimination Law in Hong Kong
Equality as a Human Right: The Development of Anti-Discrimination Law in Hong Kong CAROLE J. PETERSEN* The women's movement in Hong Kong has significantly benefited from the political and legal changes that oc- curred during the transition to 1997. Citizens of Hong Kong developed a greater awareness of human rights issues, and women have successfully identified equality as a "human right" deserving legalprotection. The women's movement has also allied itself with the increasingly democratic and assertiveLegislative Council. As a result, the legalprohibition offemale inheritance of land in Hong Kong was repealed in 1994 and the first law prohibiting sex discrimination was enacted in 1995. Additionally, Hong Kong's first Equal Opportunities Commission is being established. Ironically, the very developments that strengthened the women's movement in recent years-its association with the broaderhuman rights movement and with assertive legislators--may threaten it when China regains sovereignty. * Lecturer in Law, School of Professional and Continuing Education, University of Hong Kong. B.A., University of Chicago, 1981; J.D. Harvard Law School, 1984; Postgraduate Dip. Law of the PRC, University of Hong Kong, 1994. This article is a revised and updated version of a paper delivered at the 1995 Wolfgang Friedmann Confer- ence-Hong Kong: Financial Center of Asia, at Columbia Law School on March 30, 1995. From September 1993 to August 1995, the author served as a part-time consultant to Legislative Councillor Anna Wu and assisted her in the drafting of the Equal Opportunities Bill, the Human Rights and Equal Opportunities Commission Bill, and amendments to the Sex Discrimination Bill (described in Part V below). -
The Guangzhou-Hongkong Strike, 1925-1926
The Guangzhou-Hongkong Strike, 1925-1926 Hongkong Workers in an Anti-Imperialist Movement Robert JamesHorrocks Submitted in accordancewith the requirementsfor the degreeof PhD The University of Leeds Departmentof East Asian Studies October 1994 The candidateconfirms that the work submitted is his own and that appropriate credit has been given where referencehas been made to the work of others. 11 Abstract In this thesis, I study the Guangzhou-Hongkong strike of 1925-1926. My analysis differs from past studies' suggestions that the strike was a libertarian eruption of mass protest against British imperialism and the Hongkong Government, which, according to these studies, exploited and oppressed Chinese in Guangdong and Hongkong. I argue that a political party, the CCP, led, organised, and nurtured the strike. It centralised political power in its hands and tried to impose its revolutionary visions on those under its control. First, I describe how foreign trade enriched many people outside the state. I go on to describe how Chinese-run institutions governed Hongkong's increasingly settled non-elite Chinese population. I reject ideas that Hongkong's mixed-class unions exploited workers and suggest that revolutionaries failed to transform Hongkong society either before or during the strike. My thesis shows that the strike bureaucracy was an authoritarian power structure; the strike's unprecedented political demands reflected the CCP's revolutionary political platform, which was sometimes incompatible with the interests of Hongkong's unions. I suggestthat the revolutionary elite's goals were not identical to those of the unions it claimed to represent: Hongkong unions preserved their autonomy in the face of revolutionaries' attempts to control Hongkong workers. -
Railway Operations Management (ECROM)
Executive Certificate in Railway Operations Management (ECROM) Available Summer 2020 Hear from MTR’s experts and other industry Flexible leaders on the core strategic principles of Take advantage of the flexibility offered by the new delivery mode. managing railway operations as well as best Maximise your investment by matching your learning focus against the available choices of “Premium Pack”, “Design-my-own Pack” or the practices in daily operations management, with “Hot-topic Module”. applications drawn from MTR’s considerable expertise in metro operations management. Who Should Attend Executives, managers and decision-makers employed by railway operators and authorities, who are keen to broaden their knowledge in rail operations and management. The ECROM programme will be predominately delivered through virtual classrooms and Language supplemented with a one-day site visit in Hong Kong. English At the end of the site visit, a graduation ceremony and networking event will be held. Participants Feedback 2017 – 2019 statistics 90% 92% Live Stream Live Training Networking Virtual Classroom Site Visit Group Satisfaction Rating Recommend to Others Executive Certificate in Railway Operations Management (ECROM) Overview The modular syllabus kicks off with macroscopic discussions on high level transport policy as pertaining to the development of modern societies. Subsequent sessions take a practical look at MTR’s strategies for meeting passenger demand and service benchmarks, with special focus on customer service, maintenance strategies, -
Hong Kong Guide Hong Kong Guide Hong Kong Guide
HONG KONG GUIDE HONG KONG GUIDE HONG KONG GUIDE Hong Kong is one of the most important finan- Essential Information Money 4 cial and business centers in the world. At the same time, administratively it belongs to the Communication 5 People's Republic of China. It is a busy me- tropolis, a maze of skyscrapers, narrow streets, Holidays 6 department stores and neon signs and a pop- ulation of more than 7 million, making it one Transportation 7 of the most densely populated areas in the world. On the other hand, more than 40% of Food 11 its area is protected as country parks and na- ture reserves where rough coasts, untouched Events During The Year 12 beaches and deep woods still exist. Things to do 13 Hong Kong is a bridge between east and west – it’s a city where cars drive on the left, where DOs and DO NOTs 14 British colonial cuisine is embedded in the very fabric of the city, and every sign is in English, Activities 19 too. But at the same time, the street life is distinctively Chinese, with its herbal tea shops, . snake soup restaurants, and stalls with dried Chinese medicines. You will encounter rem- nants of the “old Hong Kong” with its shabby Emergency Contacts diners and run-down residential districts situ- ated right next to glitzy clubs and huge depart- General emergency number: 999 ment stores. Police hotline: +852 2527 7177 Hong Kong is a fascinating place that will take Weather hotline (Hong Kong Observatory): hold of your heart at your first visit. -
China's Healthcare System: Addressing Capacity Shortfalls
March 31, 2021 China’s Healthcare System: Addressing Capacity Shortfalls before and after COVID-19 Leyton Nelson, Policy Analyst, Economics and Trade Acknowledgements: Virgil Bisio, former Policy Analyst, Economics and Trade, contributed research to this report. Disclaimer: This paper is the product of professional research performed by staff of the U.S.-China Economic and Security Review Commission, and was prepared at the request of the Commission to support its deliberations. Posting of the report to the Commission’s website is intended to promote greater public understanding of the issues addressed by the Commission in its ongoing assessment of U.S.- China economic relations and their implications for U.S. security, as mandated by Public Law 106-398 and Public Law 113-291. However, the public release of this document does not necessarily imply an endorsement by the Commission, any individual Commissioner, or the Commission’s other professional staff, of the views or conclusions expressed in this staff research report. ! Table of Contents Key Findings .............................................................................................................................................................. 1 Introduction ................................................................................................................................................................ 1 Chronic Disease and Demographic Trends Strain China’s Healthcare System ......................................................... 1 As China’s Population -
Yiu Tung / Hing Tung Bus-Bus Interchange Scheme
Yiu Tung / Hing Tung Bus-Bus Interchange Scheme Passengers who ride on Route 77 / 99 from Shau Kei Wan to Yiu Tung / Hing Tung need to present the same Octopus when getting on and off to enjoy a discount fare of $3.50 (Child / Senior$1.80). When boarding for the first leg, the fare for the whole first leg would be deducted; when the passenger presents the same Octopus card again when alighting, the difference between the whole fare and the section fare will be reimbursed. If the passenger only present the Octopus card once, the whole fare will be deducted. Hence, passengers must remember to present the same Octopus twice to enjoy the discount fare. In addition, please make sure your Octopus card has adequate value to pay for all the trips concerned before boarding. From Shau Kei Wan to Yiu Tung / Hing Tung First Journey on Available Area Octopus Section (Direction) Fare 77 / 99 from Shau Kei Wan Shau Kei Wan Bus Terminus to Tai Cheong Street, Shau Kei Wan Road Adult (stations on the way of your journey) $3.50 Child / Senior $1.80 Besides, passengers can enjoy Route 77/99 and Route 2X、18X、81、82、85、682、682A、682B、682D、682P、682X and 694 BBI Scheme to travel to Kennedy Town, Wan Chai, Yiu Tung Estate /Hing Tung Estate and Hing Wah Estate、Chai Wan and Siu Sai Wan. Passengers can enjoy a fare discount of $5.30 (Child / Senior $2.70) at maximum on second journey. Passengers can ride on Route 2X from Wan Chai Ferry to get a free interchange to Route 2A、77、99 and 722 to Yiu Tung Estate/Hing Tung Estate at Sai Wan Ho Station. -
TRB Special Report 267: Regulation of Weights, Lengths, And
Regulation of Weights, Lengths, and Widths of Commercial Motor Vehicles SPECIAL REPORT 267 TRANSPORTATION RESEARCH BOARD 2002 EXECUTIVE COMMITTEE* Chairman: E. Dean Carlson, Secretary, Kansas Department of Transportation, Topeka Vice Chairman: Genevieve Giuliano, Professor, School of Policy, Planning, and Development, University of Southern California, Los Angeles Executive Director: Robert E. Skinner, Jr., Transportation Research Board William D. Ankner, Director, Rhode Island Department of Transportation, Providence Thomas F. Barry, Jr., Secretary of Transportation, Florida Department of Transportation, Tallahassee Michael W. Behrens, Executive Director, Texas Department of Transportation, Austin Jack E. Buffington, Associate Director and Research Professor, Mack-Blackwell National Rural Transportation Study Center, University of Arkansas, Fayetteville Sarah C. Campbell, President, TransManagement, Inc., Washington, D.C. Joanne F. Casey, President, Intermodal Association of North America, Greenbelt, Maryland James C. Codell III, Secretary, Kentucky Transportation Cabinet, Frankfort John L. Craig, Director, Nebraska Department of Roads, Lincoln Robert A. Frosch, Senior Research Fellow, Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University, Cambridge, Massachusetts Susan Hanson, Landry University Professor of Geography, Graduate School of Geography, Clark University, Worcester, Massachusetts Lester A. Hoel, L.A. Lacy Distinguished Professor, Department of Civil Engineering, University -
Political Parties and Welfare Associations
Department of Sociology Umeå University Political parties and welfare associations by Ingrid Grosse Doctoral theses at the Department of Sociology Umeå University No 50 2007 Department of Sociology Umeå University Thesis 2007 Printed by Print & Media December 2007 Cover design: Gabriella Dekombis © Ingrid Grosse ISSN 1104-2508 ISBN 978-91-7264-478-6 Grosse, Ingrid. Political parties and welfare associations. Doctoral Dissertation in Sociology at the Faculty of Social Sciences, Umeå University, 2007. ISBN 978-91-7264-478-6 ISSN 1104-2508 ABSTRACT Scandinavian countries are usually assumed to be less disposed than other countries to involve associations as welfare producers. They are assumed to be so disinclined due to their strong statutory welfare involvement, which “crowds-out” associational welfare production; their ethnic, cultural and religious homogeneity, which leads to a lack of minority interests in associational welfare production; and to their strong working-class organisations, which are supposed to prefer statutory welfare solutions. These assumptions are questioned here, because they cannot account for salient associational welfare production in the welfare areas of housing and child-care in two Scandinavian countries, Sweden and Norway. In order to approach an explanation for the phenomena of associational welfare production in Sweden and Norway, some refinements of current theories are suggested. First, it is argued that welfare associations usually depend on statutory support in order to produce welfare on a salient level. Second, it is supposed that any form of particularistic interest in welfare production, not only ethnic, cultural or religious minority interests, can lead to associational welfare. With respect to these assumptions, this thesis supposes that political parties are organisations that, on one hand, influence statutory decisions regarding associational welfare production, and, on the other hand, pursue particularistic interests in associational welfare production. -
Should Functional Constituency Elections in the Legislative Council Be
Hong Kong Diploma of Secondary Education Liberal Studies Independent Enquiry Study Report Standard Covering Page (for written reports and short written texts of non-written reports starting from 2017) Enquiry Question: Should Functional Constituency elections in the Legislative Council be abolished? Year of Examination: Name of Student: Class/ Group: Class Number: Number of words in the report: 3162 Notes: 1. Written reports should not exceed 4500 words. The reading time for non-written reports should not exceed 20 minutes and the short written texts accompanying non-written reports should not exceed 1000 words. The word count for written reports and the short written texts does not include the covering page, the table of contents, titles, graphs, tables, captions and headings of photos, punctuation marks, footnotes, endnotes, references, bibliography and appendices. 2. Candidates are responsible for counting the number of words in their reports and the short written texts and indicating it accurately on this covering page. 3. If the Independent Enquiry Study Report of a student is selected for review by the School-Based Assessment System, the school should ensure that the student’s name, class/ group and class number have been deleted from the report before submitting it to the Hong Kong Examinations and Assessment Authority. Schools should also ensure that the identities of both the schools and students are not disclosed in the reports. For non-written reports, the identities of the students and schools, including the appearance of the students, should be deleted. Sample 1 Table of Contents A. Problem Definition P.3 B. Relevant Concepts and Knowledge/ Facts/ Data P.5 C.