DOCSLIB.ORG

Prospectus E.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

IMPORTANT If you are in any doubt about this prospectus, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. (Incorporated in Hong Kong with limited liability under the Companies Ordinance) GLOBAL OFFERING Number of Offer Shares in the Global Offering: 2,298,435,000 (subject to adjustment and the Over-allotment Option) Number of Hong Kong OÅer Shares: 229,843,500 (subject to adjustment) Maximum OÅer Price: HK$9.50 per OÅer Share payable in full on application in Hong Kong dollars, subject to refund Nominal Value: HK$5.00 per Share Stock Code: 2388 Joint Global Coordinators and Joint Bookrunners BOC International Goldman Sachs (Asia) L.L.C. UBS Warburg Holdings Limited Joint Sponsors BOCI Asia Limited Goldman Sachs (Asia) L.L.C. UBS Warburg Asia Limited The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, together with the documents speciÑed in the section headed ""Documents Delivered to the Registrar of Companies'' in Appendix VIII, has been registered by the Registrar of Companies in Hong Kong as required by Section 38D of the Companies Ordinance, Chapter 32 of the Laws of Hong Kong. The Securities and Futures Commission and the Registrar of Companies in Hong Kong take no responsibility as to the contents of this prospectus or any other document referred to above. The OÅer Price is expected to be Ñxed by agreement among the Joint Global Coordinators (on behalf of the Hong Kong Underwriters and the International Purchasers), BOC and the Selling Shareholder, after consultation with the Company, on the Price Determination Date. The Price Determination Date is expected to be on or before July 20, 2002. The OÅer Price will be not more than HK$9.50 per OÅer Share and is currently expected to be not less than HK$6.93 per OÅer Share. The Joint Global Coordinators (on behalf of the Hong Kong Underwriters and the International Purchasers) may, with the consent of BOC, the Selling Shareholder and the Company, reduce the number of OÅer Shares and/or the indicative OÅer Price range below that stated in this prospectus (which is HK$6.93 to HK$9.50 per OÅer Share) at any time prior to the morning of the last day for lodging applications in the Hong Kong Public OÅering. In such a case, a notice of the reduction in the number of OÅer Shares and/or the indicative OÅer Price range will be published in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal not later than the morning of the last day for lodging applications in the Hong Kong Public OÅering. Applicants in the Hong Kong Public OÅering should note that in no circumstances can applications be withdrawn once submitted, even if the number of OÅer Shares and/or the OÅer Price range is subsequently so reduced. Investors applying for Hong Kong OÅer Shares must pay the maximum price of HK$9.50 per Hong Kong OÅer Share, together with brokerage of 1%, the Securities and Futures Commission transaction levy of 0.007% and the Stock Exchange trading fee of 0.005%, subject to refund if the Ñnal OÅer Price determined as described above should be lower than the maximum OÅer Price. If, for any reason, the OÅer Price is not agreed among the Joint Global Coordinators (on behalf of the Hong Kong Underwriters and the International Purchasers), BOC and the Selling Shareholder, after consultation with the Company, on or before July 20, 2002, the Global OÅering will not proceed. July 15, 2002 EXPECTED TIMETABLE(1) Latest time to lodge PINK Application Forms ÏÏÏÏÏ 12:00 noon, Wednesday, July 17, 2002 Application lists open(2) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 11:45 a.m., Thursday, July 18, 2002 Latest time to lodge WHITE, BLUE and YELLOW Application FormsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 12:00 noon, Thursday, July 18, 2002 Application lists close ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 12:00 noon, Thursday, July 18, 2002 Price Determination Date on or before(3)ÏÏÏÏÏÏÏÏÏ Saturday, July 20, 2002 Announcement of the OÅer Price, the level of indications of interest in the International OÅering, the level of applications in the Hong Kong Public OÅering, the basis of allocations of the Hong Kong OÅer Shares and the Ñnal number of Hong Kong OÅer Shares comprised in the Hong Kong Public OÅering, Pool A and Pool B, respectively, to be published in the South China Morning Post, the Hong Kong Economic Times and the Hong Kong Economic Journal on ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Tuesday, July 23, 2002 Results of allocations of the Hong Kong OÅer Shares to be available through a variety of channels (further details are set out in the section headed ""Prospectus, Application Forms and Results of Allocations'') available from ÏÏÏÏ Tuesday, July 23, 2002 Share certiÑcates to be despatched on or before(4)(5) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Tuesday, July 23, 2002 Dealings in the Shares on the Stock Exchange expected to commence on ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Thursday, July 25, 2002 Refund cheques to be despatched on or before(6) Thursday, July 25, 2002 (1) All times refer to Hong Kong local time, except as otherwise stated. Details of the structure of the Global OÅering, including its conditions, are set out in the section headed ""Structure of the Global OÅering''. (2) If there is a tropical cyclone warning signal number 8 or above or a ""black'' rainstorm warning in force in Hong Kong at any time between 9:00 a.m. and 12:00 noon on Thursday, July 18, 2002, or if there are similar extraneous factors as are acceptable to the Stock Exchange, the application lists will not open on that day. Further information is set out in the section headed ""How to Apply for Hong Kong OÅer Shares Ì When to Apply for Hong Kong OÅer Shares Ì EÅect of Bad Weather Conditions on the Opening of the Application Lists''. (3) If, for any reason, the Offer Price is not agreed on or before Saturday, July 20, 2002, the Global Offering will not proceed. (4) Share certiÑcates for the Hong Kong OÅer Shares are expected to be despatched on or before Tuesday, July 23, 2002, but will only become valid certiÑcates of title at 6:00 a.m. on Thursday, July 25, 2002, provided that (i) the Global OÅering has become unconditional in all respects and (ii) the right of termination as described in the section headed ""Underwriting'' has not been exercised. (5) Applicants who apply for and are successfully allocated 200,000 or more Hong Kong OÅer Shares using WHITE or BLUE Application Forms may collect their share certificates in person from the Share Registrar, Computershare Hong Kong Investor Services Limited, at Rooms 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong between 1:00 p.m. and 3:00 p.m. on Tuesday, July 23, 2002. Applicants being individuals who opt for personal collection must not authorise any other person to make their collection on their behalf. Applicants being corporations which opt for personal collection must attend by their authorised representatives bearing letters of authorisation from their corporations stamped with the corporations' respective chops. Both individuals and authorised representatives (if applicable) must produce, at the time of collection, evidence of identity acceptable to the Share Registrar. Uncollected share certificates will be despatched by ordinary post and at the applicants' own risk to the addresses stated on the relevant Application Forms. (6) Refund cheques will be despatched in respect of wholly or partially unsuccessful applications, in respect of successful applications if the Ñnal OÅer Price is less than the maximum OÅer Price payable on application and in respect of the Retail Discount. Refund cheques cannot be collected. Further information on the despatch of share certiÑcates and refund cheques is set out in the sections headed ""Terms and Conditions of the Hong Kong Public OÅering Ì If Your Application for Hong Kong OÅer Shares is Successful (in Whole or in Part)'', ""Ì Refund of Your Money Ì Additional Information'' and ""Ì Miscellaneous''. Investors who trade Shares on the basis of publicly available allocation details prior to the receipt of share certiÑcates do so entirely at their own risk. i CONTENTS You should rely only on the information contained in this prospectus and the Application Forms to make your investment decision. No person has been authorized to provide you with information that is diÅerent from what is contained in this prospectus. Any information or representation not made in this prospectus must not be relied on by you as having been authorized by us, BOC, the Selling Shareholder, the Joint Global Coordinators, the Joint Sponsors, the Hong Kong Underwriters, the International Purchasers, any of our/their respective directors or any other person involved in the Global OÅering. Page Expected Timetable ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ i Summary ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1 DeÑnitions ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 14 Risk Factors ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 25 Information About this Prospectus and the Global OÅering ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 36 Parties Involved in the Global OÅeringÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ
Recommended publications
  • BANK of CHINA LIMITED (A Joint Stock Company Incorporated in the People's Republic of China with Limited Liability) Global Offering of 25,568,590,000 Offer Shares

    BANK of CHINA LIMITED (A Joint Stock Company Incorporated in the People's Republic of China with Limited Liability) Global Offering of 25,568,590,000 Offer Shares

    BOWNE OF HONG KONG 05/24/2006 06:09 NO MARKS NEXT PCN: 002.00.00.00 -- Page/graphics valid 05/24/2006 06:10BOM H00419 001.00.00.00 65 CONFIDENTIAL BANK OF CHINA LIMITED (A joint stock company incorporated in the People's Republic of China with limited liability) Global Offering of 25,568,590,000 Offer Shares The Offer Shares are being offered by Bank of China Limited (the ""bank'' or ""we''): (i) outside the United States through BOCI Asia Limited, Goldman Sachs (Asia) L.L.C. and UBS AG acting through its business group, UBS Investment Bank, (in alphabetical order) and other purchasers named on page W-39 of this Offering Circular (collectively, the ""International Purchasers'') in accordance with Regulation S (""Regulation S'') under the U.S. Securities Act of 1933, as amended (the ""Securities Act''), and (ii) within the United States by certain of the International Purchasers through their respective selling agents to qualified institutional buyers as defined in Rule 144A under the Securities Act (""Rule 144A''). This International Offering (as defined on page W-11 of this Offering Circular) is part of a Global Offering (as defined on page W-11 of this Offering Circular) in which the bank is concurrently offering Offer Shares in Hong Kong through the Hong Kong Public Offering (as defined on page W-11 of this Offering Circular). The offer price per Offer Share is HK$2.95. The offer price excludes a brokerage fee, a trading fee imposed by The Stock Exchange of Hong Kong Limited (the ""Hong Kong Stock Exchange''), and a transaction levy imposed by the Securities and Futures Commission of Hong Kong (the ""SFC''), which together amount to 1.01% of the offer price, and which shall be payable by investors.
  • Bank of China Limited, Luxembourg Branch

    Bank of China Limited, Luxembourg Branch

    http://www.oblible.com BANK OF CHINA (LUXEMBOURG) S.A. (incorporated with limited liability under the laws of Luxembourg) Issue of EUR 800,000,000 0.125 per cent. Notes due 2023 Guaranteed by Bank of China Limited, Luxembourg Branch under the U.S.$40,000,000,000 Medium Term Note Programme of Bank of China Limited ______________ These Listing Particulars (the “Listing Particulars”) are prepared in connection with the U.S.$40,000,000,000 Medium Term Note Programme (the “Programme”) established by Bank of China Limited (the “Bank”), and the EUR 800,000,000 0.125 per cent. Notes due 2023 (the “Notes”) to be issued by Bank of China (Luxembourg) S.A. (the “Issuer”) and unconditionally and irrevocably guaranteed by Bank of China Limited, Luxembourg Branch (the “Guarantor”) on 16 January 2020 under the Programme. The Offering Circular in respect of the Programme dated 4 April 2019 (the “Principal Offering Circular”) as supplemented by the supplemental offering circular dated 8 October 2019 (the “Supplement”) and the second supplemental offering circular dated 8 October 2019 (the “Second Supplement”, and together with the Principal Offering Circular and the Supplement, the “Offering Circular”), is set out in Annex A hereto and forms part of these Listing Particulars. Terms defined in the Offering Circular have the same meaning when used in these Listing Particulars. Pursuant to the Approval by the Enterprise Borrowing Foreign Debt Registration Certificate of [2019] (《企业借用外债备案登记证明》(发改办外资备 [[2019]51 号])) issued by the NDRC General Office on 24 January 2019 (the “NDRC Approval”), the Bank is not required to complete the pre-issuance registration in respect of the Notes with the NDRC as the Notes will be issued within the NDRC Approval.
  • Chiyu Banking Corporation Limited Or 2

    Chiyu Banking Corporation Limited Or 2

    DIRECT DEBIT AUTHORISATION 直接付款授權書 Application method： 申請方法： 1. Return this form to any branch of Chiyu Banking Corporation Limited or 2. Mail this form to “3/F, Bank of China Centre, 1. 將此表格交回任何一間集友銀行有限公司的分行 或 2. 郵寄表格至“西九龍海輝道 11 號奧海城 Olympian City, 11 Hoi Fai Road, West Kowloon, Hong Kong Attn: Autopay Section” or 3. Via Personal Internet Banking 中銀 中心 3 樓, 送：自動轉賬組”或 3.經個人網上銀行透過「雙重認証」辦理(毋需填寫此表格) with the use of two factor authentication (No need to fill in this form) Please write in BLOCK letters. 請以英文正楷填寫 Customer Information 客戶資料 My/Our Bank Name and Branch 本人／吾等之銀行及分行之名稱 Bank No.銀行編號 Branch No.分行編號 My/Our Account No.本人／吾等之賬戶號碼 Chiyu Banking Corporation Ltd My/Our Name(s) as recorded on Statement/Passbook 本人／吾等在結單／存摺上所紀錄之名稱 貨幣 Currency: Contact Tel No.聯絡電話號碼 HKD Please set up the following Direct Debit Authorisation Records marked with “” for me/us.請為本人（吾等）設立下列已選取 “” 號之直接付款授權紀錄。 Name of Party to be Credited (The Beneficiary) Account no. to be credited †Debtor’s Reference (Compulsory Field) †Limit for Each Payment †Expiry Date 到期日 收款方 (受益人) 收款賬戶號碼 債務人參考 (必須填寫) 每次付款之限額 (DD/MM/YY) (日/月/年) 港幣 HK＄： HR21 Limited 012-737-10230564 1. I/We hereby authorise my/our above named Bank to effect transfers from my/our account to the above account in accordance with such instructions as my/our Bank may receive from the beneficiary and/or its banker and/or its banker’s correspondent from time to time provided always that the amount of any one such transfer shall not exceed the limit indicated above.
  • Printed Version for Despatch to Shareholders (PDF: 9281KB)

    Printed Version for Despatch to Shareholders (PDF: 9281KB)

    Stock Code: 2388 BOC Hong Kong (Holdings) Limited Annual Report 2009 52/F Bank of China Tower, 1 Garden Road, Hong Kong Website: www.bochk.com Solid FOUNDatIONS for SUSTAINABLE GROWTH Annual Report 2009 Theme Hong Kong’s modern cityscape is complemented by its wealth of natural resources. The formation of these world-class rock and geological features takes hundred million of years. Hong Kong Geopark helps ensure that our future generations will be able to enjoy the legacy of these beautiful natural wonders. The Group takes great pleasure in pioneering the “Hong Kong Geopark Charity Green Walk”, a key focus of our Corporate Social Responsibility (CSR) programme in the year ahead. Our commitment to CSR is at the heart of our long-term competitiveness, enabling younger generations to enjoy the natural environment we are endowed with, and contributing to the sustainable development of the economy, society and environment as a whole. By embracing CSR, we reinforce our vision of becoming the premier bank of choice and creating greater value for our customers, shareholders and employees. OUR VISION TO BE YOUR PREMIER BANK OUR MISSION OUR CORE VALUES Build Social Responsibility customer satisfaction and provide quality We care for and contribute to our communities and professional service Performance Offer We measure results and reward achievement rewarding career opportunities and cultivate staff commitment Integrity We uphold trustworthiness and business ethics Create values and deliver superior returns to Respect shareholders We cherish every individual Innovation Combining the initials of mission and We encourage creativity core values, we have Teamwork BOC SPIRIT We work together to succeed Be environmentally friendly for our better future: As a good corporate citizen, we do not use lamination as normally adopted by the industry in our Annual Report 2009.
  • OFFICIAL RECORD of PROCEEDINGS Thursday, 12 July

    OFFICIAL RECORD of PROCEEDINGS Thursday, 12 July

    LEGISLATIVE COUNCIL ─ 12 July 2001 7709 OFFICIAL RECORD OF PROCEEDINGS Thursday, 12 July 2001 The Council met at Nine o'clock MEMBERS PRESENT: THE PRESIDENT THE HONOURABLE MRS RITA FAN HSU LAI-TAI, G.B.S., J.P. THE HONOURABLE KENNETH TING WOO-SHOU, J.P. THE HONOURABLE JAMES TIEN PEI-CHUN, G.B.S., J.P. THE HONOURABLE DAVID CHU YU-LIN, J.P. THE HONOURABLE CYD HO SAU-LAN THE HONOURABLE ALBERT HO CHUN-YAN IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, J.P. THE HONOURABLE LEE CHEUK-YAN THE HONOURABLE MARTIN LEE CHU-MING, S.C., J.P. THE HONOURABLE ERIC LI KA-CHEUNG, J.P. DR THE HONOURABLE DAVID LI KWOK-PO, G.B.S., J.P. THE HONOURABLE FRED LI WAH-MING, J.P. DR THE HONOURABLE LUI MING-WAH, J.P. THE HONOURABLE NG LEUNG-SING, J.P. PROF THE HONOURABLE NG CHING-FAI 7710 LEGISLATIVE COUNCIL ─ 12 July 2001 THE HONOURABLE MARGARET NG THE HONOURABLE MRS SELINA CHOW LIANG SHUK-YEE, J.P. THE HONOURABLE JAMES TO KUN-SUN THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE HUI CHEUNG-CHING, J.P. THE HONOURABLE CHAN KWOK-KEUNG THE HONOURABLE CHAN YUEN-HAN, J.P. THE HONOURABLE BERNARD CHAN THE HONOURABLE CHAN KAM-LAM THE HONOURABLE MRS SOPHIE LEUNG LAU YAU-FUN, S.B.S., J.P. THE HONOURABLE LEUNG YIU-CHUNG THE HONOURABLE SIN CHUNG-KAI THE HONOURABLE ANDREW WONG WANG-FAT, J.P. DR THE HONOURABLE PHILIP WONG YU-HONG THE HONOURABLE WONG YUNG-KAN THE HONOURABLE JASPER TSANG YOK-SING, J.P.
  • Property Management Revenue from Property Management for 2003 Increased by 11.0% Over 2002 to HK$94 Million

    Property Management Revenue from Property Management for 2003 Increased by 11.0% Over 2002 to HK$94 Million

    032 Executive management’s report Property review This caused revenue from investment properties for the year of our properties further and establishing them as a to decline slightly by 1% over 2002 to HK$888 million. benchmark for the industry in Hong Kong. Our staff performed outstandingly during the period of SARS For Two IFC, the quality of the office building and its to ensure shoppers’safety and mitigate the effects of the management enabled MTR to attract tenants despite the outbreak on public confidence. We also supported tenants lingering cautious sentiment resulting from SARS, the war in through aggressive promotion campaigns, including an Iraq and the weak economy. Considerable effort was taken attractive rebate promotion. Within this context, we took full to explain to potential tenants, agents and the business advantage of the relaxation of travel restrictions on tourists community the merits of the building, which is ideally suited from Mainland China through proactive, tailor-made to the sophisticated needs of multi-national corporations. programmes, such as organising shopping tours, designed The decision by Swiss banking giant UBS to lease seven floors to bring high spending Mainland visitors to our shopping represented one of the largest and highest profile relocations centres. These programmes proved successful in boosting of an office tenant in Hong Kong in 2003. UBS joined a growing the business turnover of our tenants. list of leading institutions in the building, including the Hong The Total Quality Service Regime, our pioneering customer Kong Monetary Authority, reinforcing Two IFC’s position as the service enhancement programme, and our computerised building of choice for top-tier corporations.
  • BOC HKGCC VISA Card Application Form

    BOC HKGCC VISA Card Application Form

    BOC HKGCC VISA Card Perpetual Annual Fee Waiver Hong Kong Residential Country Area OTHER INSTRUCTIONS Application Form Tel. No. Code Code Signature of Main Card applicant (Please do not alter) Date Mobile Phone/ Country Area Please send statement to : Residential Address Company Address Pager No. Code Code ATM Screen Language : Chinese 1 English 2 Accommodation Private Property (Mortgaged) 2 Home Ownership Scheme Housing (Mortgaged) 3 Rented 6 The address selected above will be used as your correspondence address in the event your application Please submit the completed application form with the supporting documents to BOC Credit Card (Int’l) Ltd., 3/F, Bank of China Centre, Olympian City, 11 Hoi Fai Road, West Kowloon. Monthly Installment / Rental: Singly Jointly HKD is approved. Referral Branch / Dept. No. 012 Self-owned (Not Mortgaged) 1 Public Housing / Tenants Purchase Scheme 5 Relatives 4 Quarters / Others 7 Set-up opt-out of “Over-the-limit Facility” function Staff No. 0 0 Education University or above 01 Post Secondary 02 Secondary 03 I request the Company to set up the parameters for my main and additional credit card(s) (if any) SC=390 RoadShow SC approved as a result of this application to decline over-the-limit transaction whenever it occurs so Primary 04 Others 05 CIN record checked: □ No SP / □ Yes with SP, please specify: as to avoid any charge for Overlimit Handling Fee. Please complete in BLOCK Letters and put a “3” in the appropriate box. If you wish to set-up opt-out of Over-the-limit Facility function for other BOC credit card account(s), BOC Credit Card (International) Ltd.
  • Hong Kong SAR

    Hong Kong SAR

    Hong Kong SAR 104 Doing Business in Asia Pacific SEPTEMBER 2020 Chapter 1: Introduction 108 Chapter 2: Business environment 110 2.1 Hong Kong’s free economy 110 2.2 Gateway to mainland China 111 2.3 International outlook 112 2.4 Well-established legal and financial infrastructures 112 2.5 Favourable tax regime 113 Chapter 3: Business and corporate structures 114 3.1 Limited company 114 3.2 Unincorporated businesses 116 3.3 Forms of business collaboration 116 Chapter 4: Takeovers (friendly M&A) 117 4.1 Introduction 117 4.2 Hong Kong company law 118 4.3 Other common legal issues 118 4.4 Typical documentation 119 4.5 Due diligence 120 4.6 Sale and purchase agreement 120 Chapter 5: Foreign investment 122 5.1 Overview of Hong Kong’s business and investment environment 122 5.2 Restrictions on foreign investment 123 Chapter 6: Restructuring and insolvency 124 6.1 Legal framework 124 6.2 Liquidation 124 6.3 Restructuring 125 6.4 International insolvency 126 Doing Business in Asia Pacific SEPTEMBER 2020 105 Chapter 7: Employment, industrial relations, and work health and safety 127 7.1 Basic employment rights 127 7.2 Employment contract 128 7.3 Expatriates 129 7.4 Termination 129 7.5 Work health and safety 130 Chapter 8: Taxation 131 8.1 Outline 131 8.2 Profits tax 131 8.3 Salaries tax 133 8.4 Property tax 134 8.5 Stamp duty 134 8.6 Tax disputes 135 8.7 Anti-avoidance 135 Chapter 9: Intellectual property 135 9.1 Trademarks 136 9.2 Copyright 136 9.3 Registered designs 137 9.4 Patents 137 9.5 Confidential information 138 9.6 Private information 138
  • Techwatch No. 39

    Techwatch No. 39

    TechWatch is a publication designed to alert members to topics and issues that impact on CPAs and their working environment. We welcome your comments and feedback. Comments and suggestions on TechWatch should be addressed to Stephen Chan, Executive Director by email. ISSUE 39 • November/December 2005 HEADLINES Season’s Greetings from The Hong Kong Institute of Certified Public Accountants Wishing you a Merry Christmas and a Peaceful and Prosperous New Year 聖誕快樂 新年進步 Spotlight 1. Handbook Updates No. 22 & 23 CPD & Events 2. Technical Update Evening (TUE) 3. Professional Development Activities January And February 2006 4. New CPD Requirements Effective From 1 December 2005 International Submissions 5. IASB Submissions 6. IAASB Submission 7. International Ethics Standards Board Submission Financial Reporting 8. Amendments To Standards Arising From Companies (Amendment) Ordinance 2005 9. New Transitional Provisions In HKAS 16 And HKAS 40 10. Institute Issues Accounting Guideline 5 And Withdraws SSAP 27 11. Institute Invites Comments On Two IASB Discussion Papers 12. FRSC Meeting Summaries – 12 October and 9 November 2005 Audit & Assurance 13. Institute Invites Comments On IAASB ED Of Improving The Clarity Of IAASB Standards 14. Innovation And Technology Fund – Revised Example Report By Auditors 15. AASC Meeting Summary – 26 October 2005 HEADLINES Ethics 16. New Code Of Ethics For Professional Accountants Corporate Governance 17. Results Of The 2005 Best Corporate Governance Disclosure Awards Announced Banking 18. Example Disclosure Note On Regulatory Reserve 19. Commencement Of Banking (Amendment) Ordinance 2005 Insolvency & Corporate Restructuring 20. Institute Comments On Draft Subsidiary Legislation Under Bankruptcy (Amendment) Ordinance 2005 Taxation 21. Revenue (Abolition of Estate Duty) Ordinance 2005 Gazetted 22.
  • Branch Network & Corporate

    Branch Network & Corporate

    BRANCH NETWORK & CORPORATE BANKING CENTRES Bank of China (Hong Kong) – Branch Network Hong Kong Island Branch Address Telephone Branch Address Telephone Central & Western District Quarry Bay Branch Parkvale, 1060 King’s Road, Quarry Bay, 2564 0333 Bank of China Tower Branch 1 Garden Road, Hong Kong 2826 6888 Hong Kong Sheung Wan Branch 252 Des Voeux Road Central, Hong Kong 2541 1601 Queen’s Road West 2-12 Queen’s Road West, Sheung Wan, 2815 6888 Southern District (Sheung Wan) Branch Hong Kong Tin Wan Branch 2-12 Ka Wo Street, Tin Wan, Hong Kong 2553 0135 Connaught Road Central Branch 13-14 Connaught Road Central, Hong Kong 2841 0410 Stanley Branch Shop 401, Shopping Centre, Stanley Plaza, 2813 2290 Central District Branch 2A Des Voeux Road Central, Hong Kong 2160 8888 Hong Kong Central District 71 Des Voeux Road Central, Hong Kong 2843 6111 Aberdeen Branch 25 Wu Pak Street, Aberdeen, Hong Kong 2553 4165 (Wing On House) Branch South Horizons Branch G38, West Centre Marina Square, 2580 0345 South Horizons, Ap Lei Chau, Hong Kong Shek Tong Tsui Branch 534 Queen’s Road West, Shek Tong Tsui, 2819 7277 Hong Kong South Horizons Branch Safe Box Shop 118, Marina Square East Centre, 2555 7477 Service Centre Ap Lei Chau, Hong Kong Western District Branch 386-388 Des Voeux Road West, Hong Kong 2549 9828 Wah Kwai Estate Branch Shop 17, Shopping Centre, Wah Kwai Estate, 2550 2298 Shun Tak Centre Branch Shop 225, 2/F, Shun Tak Centre, 2291 6081 Hong Kong 200 Connaught Road Central, Hong Kong Chi Fu Landmark Branch Shop 510, Chi Fu Landmark, Pok Fu Lam,
  • HKMA Annual Report 1999

    HKMA Annual Report 1999

    Annex and Tables Annex and Tables Annex : Authorised Institutions and Local Representative Offices 142 Table A : Major Economic Indicators 149 Table B : Performance Ratios of the Banking Sector 151 Table C : Authorised Institutions: Country / Region of Beneficial Ownership 152 Table D : Presence of World’s largest 500 Banks in Hong Kong 154 Table E : Flow of Funds for All Authorised Institutions 156 Table F : Total loans and Deposits by Category of Authorised Institution 157 Table G : Balance Sheet: All Authorised Institutions 158 Table H : Total deposits from Customers by Type and Category of Authorised Institution 160 Table I : Authorised Institutions: Domicile and Parentage 161 Table J : Geographical Breakdown of Net External Claims / (Liabilities) of All Authorised Institutions 162 Table K : Assets by Country / Region of Beneficial Ownership of Authorised Institution 164 Table L : Deposits from Customers by Country / Region of Beneficial Ownership of Authorised Institution 165 Table M : Loans and Advances to Customers by Country / Region of Beneficial Ownership of Authorised Institution 166 Table N : Total Loans for Use in Hong Kong by Country / Region of Beneficial Ownership of Authorised Institution 167 Table O : Other Loans for Use Outside Hong Kong By Country / Region of Beneficial Ownership of Authorised Institution 168 Table P : Total Loans for Use in Hong Kong by Economic Sector 169 All amounts in this Report are in Hong Kong dollars unless otherwise stated. Annual Report 1999 141 ANNEX: Authorised Institutions and Local Representative
  • Annual Report 2008

    Annual Report 2008

    Stock Code: 2388 BOC Hong Kong (Holdings) Limited Annual Report 2008 FORTIFYING OUR FOUNDATIONS 52/F Bank of China Tower, 1 Garden Road, Hong Kong Website: www.bochk.com in a challenging environment Annual Report 2008 Theme 2008 was a highly challenging year for both the Group and Hong Kong. Our major focus has been to safeguard the Group’s financial strength and competitiveness. The Group, just like our great mother nature, has the regenerative strength to face the challenges ahead of us. This provides the theme for our annual report – “Fortifying our Foundations in a Challenging Environment”. By riding on our solid foundation and strong franchise, the Group is able to proactively realign our development strategy to capture growing opportunities from the changing industry landscape, creating brighter prospects for our stakeholders. OUR VisioN OUR MissioN OUR CORE VALUES Build Social Responsibility TO BE customer satisfaction We care for and contribute to our communities and provide quality and professional Performance YOUR service We measure results and reward achievement Offer Integrity PREMIER rewarding career We uphold trustworthiness and business ethics opportunities and BANK cultivate staff Respect commitment We cherish every individual Combining the initials of mission Create Innovation and core values, we have values and deliver We encourage creativity superior returns to BOC SPIRIT shareholders Teamwork Be environmentally friendly for our better future We work together to succeed As a good corporate citizen, we do not use lamination and spot UV as normally adopted by the industry in our Annual Report 2008. Instead, we use varnishing, an environmentally friendly technique. The whole report is also printed on recyclable and elemental chlorine-free paper.