Summary of 2020 Annual Report of Ping an Bank Co., Ltd
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Tencent (700 HK)
BOCOM Int’l Research Company Update Internet Last Close Target Price Upside 17 May 2018 HK$396.2 HK$533.00↓ +35% Tencent (700 HK) Solid top-line growth in 1Q18 Revenue beat on payment; profit in line: Total revenue/non-GAAP net profit rose Stock Rating 48%/29% YoY in 1Q18. Revenue was 4% higher than consensus driven by solid BUY performance of payment-related services (triple-digit growth YoY). GPM for VAS was up 4ppts/2ppts QoQ/YoY driven by higher revenue contribution from in-house 1-year stock performance games. GPM of cloud and payment improved to 25.4% (up 3ppts QoQ/YoY). Non- GAAP net margin was 25%, compared with 26%/29% in 4Q17/1Q17. 100% HSI 700 HK 80% Segment review: PC game/mobile game revenue were in line with our expectation, 60% 40% at RMB14.1bn/21.7bn, up 0%/68% YoY. Revenue from DnF reached a record high 20% thanks to seasonal promotion, while total PC game revenue remained flattish YoY. 0% -20% Mobile game revenue was strong, led by HoK, CF, and newly launched MU May-17 Sep-17 Jan-18 May-18 Awakening and QQ Speed, primarily driven by 42% YoY growth of ARPU. Social ads Source: Bloomberg revenue surged 69% YoY to RMB7.4bn, supported by increased ad load from WeChat Moments and higher CPC for mobile ad network. Tencent Video posted Stock data 52w high (HK$) 476.60 sound performance with subscription/ad revenue up 85%/64% YoY. 52w low (HK$) 256.2 Market cap (HK$ m) 3,765,361 Strategic development: Mini Games was also encouraging with 500+ games Avg daily vol (m) 25.75 launched and over 1/3 of players being brand-new gamers of Tencent. -
中國中車股份有限公司 Crrc Corporation Limited
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement. 中 國 中 車 股 份 有 限 公 司 CRRC CORPORATION LIMITED (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1766) US$600,000,000 Zero Coupon Convertible Bonds due 2021 Stock code: 5613 2018 INTERIM RESULTS ANNOUNCEMENT The board of directors of CRRC Corporation Limited (the “Company”) is pleased to announce the unaudited results of the Company and its subsidiaries for the six months ended 30 June 2018. This announcement, containing the main text of the 2018 interim report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in relation to information to accompany preliminary announcements of interim results. The 2018 interim report of the Company and its printed version will be published and delivered to the H shareholders of the Company and available for view on the websites of the Stock Exchange at http://www.hkex.com.hk and of the Company at http://www.crrcgc.cc on or before 30 September 2018. By order of the Board CRRC Corporation Limited Liu Hualong Chairman Beijing, the PRC 24 August 2018 As at the date of this announcement, the executive directors of the Company are Mr. -
Annual Report, and They Severally and Jointly Accept Legal Responsibility for the Truthfulness, Accuracy and Completeness of Its Contents
(A joint stock limited company incorporated in the People's Republic of China with limited liability) Stock Code: 1618 * For identification purpose only IMPORTANT NOTICE I. The Board and the Supervisory Committee of the Company and its Directors, Supervisors and senior management warrant that there are no false representations, misleading statements contained in or material omissions from the information set out in this annual report, and they severally and jointly accept legal responsibility for the truthfulness, accuracy and completeness of its contents. II. The Company convened the 14th meeting of the third session of the Board on 31 March 2020. All Directors of the Company attended the meeting. III. Deloitte Touche Tohmatsu CPA LLP issued an unqualified audit report to the Company. IV. Guo Wenqing, the Chairman and legal representative of the Company, Zou Hongying, the Vice President and the Chief Accountant of the Company, and Fan Wanzhu, the Deputy Chief Accountant and the Head of the Financial Planning Department, have declared that they warrant the truthfulness, accuracy and completeness of the financial report contained in this annual report. V. The proposal for profit distribution or transfer of capital reserve to share capital for the Reporting Period was considered by the Board The net profit attributable to Shareholders of the Company in the audited consolidated statement of MCC in 2019 amounted to RMB6,599,712 thousand and the undistributed profit of MCC headquarters amounted to RMB1,920,906 thousand. Based on the total share capital of 20,723.62 million shares, the Company proposed to distribute to all Shareholders a cash dividend of RMB0.72 (tax inclusive) for every 10 shares and the total cash dividend is RMB1,492,101 thousand, the remaining undistributed profit of RMB428,805 thousand will be used for the operation and development of the Company and rolled over to the coming year for distribution. -
Emerging Index - QSR
2 FTSE Russell Publications 19 August 2021 FTSE RAFI Emerging Index - QSR Indicative Index Weight Data as at Closing on 30 June 2021 Index Index Index Constituent Country Constituent Country Constituent Country weight (%) weight (%) weight (%) Absa Group Limited 0.29 SOUTH BRF S.A. 0.21 BRAZIL China Taiping Insurance Holdings (Red 0.16 CHINA AFRICA BTG Pactual Participations UNT11 0.09 BRAZIL Chip) Acer 0.07 TAIWAN BYD (A) (SC SZ) 0.03 CHINA China Tower (H) 0.17 CHINA Adaro Energy PT 0.04 INDONESIA BYD (H) 0.12 CHINA China Vanke (A) (SC SZ) 0.09 CHINA ADVANCED INFO SERVICE 0.16 THAILAND Canadian Solar (N Shares) 0.08 CHINA China Vanke (H) 0.2 CHINA Aeroflot Russian Airlines 0.09 RUSSIA Capitec Bank Hldgs Ltd 0.05 SOUTH Chongqing Rural Commercial Bank (A) (SC 0.01 CHINA Agile Group Holdings (P Chip) 0.04 CHINA AFRICA SH) Agricultural Bank of China (A) (SC SH) 0.27 CHINA Catcher Technology 0.2 TAIWAN Chongqing Rural Commercial Bank (H) 0.04 CHINA Agricultural Bank of China (H) 0.66 CHINA Cathay Financial Holding 0.29 TAIWAN Chunghwa Telecom 0.32 TAIWAN Air China (A) (SC SH) 0.02 CHINA CCR SA 0.14 BRAZIL Cia Paranaense de Energia 0.01 BRAZIL Air China (H) 0.06 CHINA Cemex Sa Cpo Line 0.7 MEXICO Cia Paranaense de Energia (B) 0.07 BRAZIL Airports of Thailand 0.04 THAILAND Cemig ON 0.03 BRAZIL Cielo SA 0.13 BRAZIL Akbank 0.18 TURKEY Cemig PN 0.18 BRAZIL CIFI Holdings (Group) (P Chip) 0.03 CHINA Al Rajhi Banking & Investment Corp 0.52 SAUDI Cencosud 0.04 CHILE CIMB Group Holdings 0.11 MALAYSIA ARABIA Centrais Eletricas Brasileiras S.A. -
中國銀行股份有限公司 Bank of China Limited
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, 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 document. 中國銀行股份有限公司 BANK OF CHINA LIMITED (a joint stock company incorporated in the People’s Republic of China with limited liability) (the “Bank”) (Stock Code: 3988 and 4619 (Preference Shares)) Report for the Third Quarter ended 30 September 2020 The Board of Directors (the “Board”) of the Bank is pleased to announce the unaudited results of the Bank and its subsidiaries (the “Group”) for the third quarter ended 30 September 2020. This announcement is made by the Bank pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. I. BASIC INFORMATION 1.1 Corporate information A Share Shanghai Stock Exchange Stock Name 中國銀行 Stock Code 601988 H Share The Stock Exchange of Hong Kong Limited Stock Name Bank of China Stock Code 3988 Domestic Preference Share Shanghai Stock Exchange First Tranche Stock Name 中行優1 Stock Code 360002 Second Tranche Stock Name 中行優2 Stock Code 360010 Third Tranche Stock Name 中行優3 Stock Code 360033 Fourth Tranche Stock Name 中行優4 Stock Code 360035 Offshore Preference Share (Second Tranche) The Stock Exchange of Hong Kong Limited -
Pacer CSOP FTSE China A50 ETF Schedule of Investments July 31, 2020 (Unaudited) Shares Value COMMON STOCKS - 98.0% Agriculture - 1.6% Muyuan Foodstuff Co Ltd
Page 1 of 4 Pacer CSOP FTSE China A50 ETF Schedule of Investments July 31, 2020 (Unaudited) Shares Value COMMON STOCKS - 98.0% Agriculture - 1.6% Muyuan Foodstuff Co Ltd. - Class A 9,230 $ 120,977 Wens Foodstuffs Group Co Ltd. - Class A 4,660 15,857 136,834 Auto Manufacturers - 0.7% SAIC Motor Corp Ltd. - Class A 24,600 64,077 Banks - 23.7% Agricultural Bank of China Ltd. - Class H 352,300 163,039 Bank of China Ltd. - Class H 193,900 92,512 Bank of Communications Co Ltd. - Class A 184,100 125,556 China CITIC Bank Corp Ltd. - Class H 24,700 18,261 China Construction Bank Corp. - Class H 81,500 71,464 China Everbright Bank Co Ltd. - Class H 126,400 68,456 China Merchants Bank Co Ltd. - Class A 108,200 539,489 China Minsheng Banking Corp Ltd. - Class A 254,300 201,851 Industrial & Commercial Bank of China Ltd. - Class A 198,400 140,993 Industrial Bank Co Ltd. - Class A 127,400 285,849 Ping An Bank Co Ltd. - Class A 75,000 143,348 Shanghai Pudong Development Bank Co Ltd. - Class A 132,300 196,379 2,047,197 Beverages - 17.9% Jiangsu Yanghe Brewery Joint-Stock Co Ltd. - Class A 4,000 77,398 Kweichow Moutai Co Ltd. - Class A 4,000 961,777 Wuliangye Yibin Co Ltd. - Class A 16,200 504,835 1,544,010 Building Materials - 1.6% Anhui Conch Cement Co Ltd. - Class H 15,900 139,921 Coal - 0.5% China Shenhua Energy Co Ltd. -
Qdiis(June02,2021)
Qualified Domestic Institutional Investors(QDIIs) with Investment Quotas Granted by the SAFE By June 2, 2021 Unit: 100 million USD No. Name of QDII Latest Approval Date Investment 1 Bank of China, Ltd. (BOC Wealth Management Co.,Ltd) 2021.03.18 Quota30.00 Industrial and Commercial Bank of China Limited (ICBC 2 2021.03.18 28.00 Wealth Management Co.,Ltd) 3 Bank of East Asia (China), Ltd. 2020.11.04 3.00 Bank of Communications Co., Ltd.(BOCOM Wealth 4 2020.04.10 5.00 Management Co.,Ltd) China Construction Bank Corporation (CCB Wealth 5 2020.06.01 5.00 Management Co.,Ltd) 6 HSBC Bank (China) Company, Ltd. 2021.06.01 44.00 China Merchants Bank Co., Ltd. (CMB Wealth Management 7 2021.03.18 23.00 Co.,Ltd) 8 China Citic Bank 2006.09.18 1.00 9 Hang Seng Bank (China) Company, Ltd. 2021.06.01 2.50 10 Citibank (China) Co., Ltd. 2021.01.06 35.00 11 Industrial Bank (IB Wealth Management Co.,Ltd) 2021.05.18 6.00 12 Standard Chartered Bank (China), Ltd. 2021.06.01 28.00 13 Minsheng Bank 2006.11.08 1.00 China Everbright Bank (China Everbright Wealth 14 2021.01.06 2.00 Management Co.,Ltd) 15 Bank of Beijing 2006.12.11 0.50 16 Bank of China (Hong Kong), Ltd. Branches in Mainland 2007.01.11 0.30 17 Credit Suisse Shanghai Branch 2007.01.30 0.30 18 Agricultural Bank of China(ABC Wealth Management Co.,Ltd) 2020.10.09 2.00 19 Nanyang Commercial Bank (China) Co., Ltd. -
China Construction Bank Corporation (The “Bank”) Was Held Onsite on 5 February 2021 in Beijing
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement. (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 939) Announcement on the Resolutions of the Meeting of the Board of Directors (5 February 2021) The meeting (the “Meeting”) of the board of directors (the “Board”) of China Construction Bank Corporation (the “Bank”) was held onsite on 5 February 2021 in Beijing. The Meeting was chaired by Mr. Tian Guoli, chairman of the Board. 14 directors were eligible to attend the Meeting and all of them attended the Meeting in person. The Meeting was convened in compliance with the provisions of the Company Law of the People’s Republic of China, the Articles of Association of China Construction Bank Corporation (the “Articles of Association”) and other relevant rules. The following resolutions were considered and approved at the Meeting: I. Proposal on the Fixed Asset Investment Budget of China Construction Bank for 2021 Voting results: voted in favour: 14 votes, voted against: 0 vote, abstained from voting: 0 vote. It was resolved that this proposal be submitted to the shareholders’ general meeting of the Bank for consideration. II. Proposal on the Strategic Development Plan for Inclusive Finance of China Construction Bank (2021-2023) Voting results: voted in favour: 14 votes, voted against: 0 vote, abstained from voting: 0 vote. -
Jpmorgan Funds - China A-Share Opportunities Fund
Fund House of the Year Fund Selector Asia Awards - Singapore3) Singapore 2021 - Greater China/China Equity - Platinum4) FOR SINGAPORE INVESTORS ONLY SINGAPORE RECOGNISED SCHEME FACT SHEET | July 31, 2021 JPMorgan Funds - China A-Share Opportunities Fund INVESTMENT OBJECTIVE PERFORMANCE To provide long-term capital growth by investing primarily inCUMULATIVE PERFORMANCE (%) companies of the People's Republic of China (PRC). JPM China A-Share Opportunities A (acc) - USD CSI 300 (Net)1) EXPERTISE 300 200 Fund Manager Howard Wang, Rebecca Jiang 250 150 % CHANGE FUND INFORMATION (JPMorgan Funds - China A-Share Opportunities Fund) 200 100 Fund base currency Launch Date REBASED 150 50 CNH 11/09/15 Total fund size (m) Inception NAV 100 0 USD 8,051.8 USD 15.61 50 -50 ISIN code 08/15 08/16 08/17 08/18 08/19 08/20 08/21 LU1255011170 Since 11/09/15 Current charge Since 1 month 3months 1 year 3 years 5 years Initial : Up to 5.0% of NAV launch Redemption : Currently 0% (Up to 0.5% of NAV) A (acc) - USD (NAV to NAV) -7.9 -4.4 20.8 98.6 143.2 149.4 Management fee : 1.5% p.a. A (acc) - USD (Charges applied)* -12.3 -9.0 15.0 89.2 131.5 137.4 Subscription Channel Benchmark (in USD)1) -6.7 -4.9 12.3 52.4 69.1 59.2 Cash A (acc) - RMB (NAV to NAV) -8.0 -4.5 11.8 88.4 136.4 151.7 SRS(for platforms only) A (acc) - RMB (Charges applied)* -12.4 -9.0 6.4 79.4 125.1 139.7 RATINGS A (acc) - SGD (NAV to NAV) -7.3 -2.6 19.0 97.4 - 105.5 A (acc) - SGD (Charges applied)* -11.8 -7.2 13.3 88.0 - 95.7 Morningstar Analyst Rating Silver Morningstar Rating™ ★★★★★ ANNUALISED -
Morning Express 2 May 2019
BOCOM Int'l Research Morning Express 2 May 2019 Focus of the Day China Railway Construction 1186 HK Global Stock Indices Earnings outlook intact for 2019, reiterate Buy Rating: Buy Close 1D% YTD% CP: HK$ 9.26 TP: HK$ 12.20 Upside: +31.7% HSI 29,699 0.00 12.52 HSCEI 11,542 0.00 14.00 Fay Zhou [email protected] SH A 3,224 0.00 23.46 Net profit of China Railway Construction increased 13.6% YoY in 1Q19 to SH B 312 0.00 15.02 SZ A 1,712 0.00 29.11 RMB3,885.6m. Solid contract backlog growth buttressed robust revenue growth SZ B 1,011 0.00 20.70 of 19.3% YoY in 1Q19, surpassing its peers. DJIA 26,430 -0.61 13.30 S&P 500 2,924 -0.75 16.63 Although new contract value growth remained slow in 1Q19, we expect Nasdaq 8,050 -0.57 21.32 continuous improvement in 2Q19, mainly driven by contribution from urban FTSE 7,385 -0.44 9.77 transit, railway, and property development segments. CAC 5,586 0.00 18.09 DAX 12,344 0.00 16.91 Looking ahead, we expect revenue to maintain high single-digit growth in 2019, Source: FactSet in light of solid contract backlog growth of 10.3% YoY as of 1Q19. We maintain Key Commodity/Forex Indicators our earnings estimates for FY19-21E. We reiterate Buy call and TP of HK$12.20. Close 3M% YTD% Brent 71.99 14.69 33.74 Gold 1,282.80 -2.59 0.35 Silver 14.99 -6.40 -3.10 China Eastern Airlines 670 HK Copper 6,442.00 5.65 8.00 Strong domestic demand lifted 1Q19 results JPY 111.18 -1.62 -1.31 Luya You [email protected] GBP 1.31 -0.08 2.72 EUR 1.12 -1.98 -1.67 China Eastern Airlines (CEA) reported 1Q19 net profit of RMB2,006m, up 1.2% bps change 3M 6M YoY, while revenue gained 12.3% YoY. -
Announcement on the Resolutions of the Meeting of the Board of Directors (21 July 2020)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement. (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 939) (USD Preference Shares Stock Code: 4606) Announcement on the Resolutions of the Meeting of the Board of Directors (21 July 2020) The meeting (the “Meeting”) of the board of directors (the “Board”) of China Construction Bank Corporation (the “Bank”) was held onsite on 21 July 2020 in Beijing. The Meeting was chaired by Mr. Tian Guoli, chairman of the Board. 14 directors were eligible to attend the Meeting and 13 of them attended the Meeting in person. Mr. Zhang Gengsheng appointed Mr. Tian Guoli as his proxy to attend the Meeting and vote on his behalf. The Meeting was convened in compliance with the provisions of the Company Law of the People’s Republic of China and the Articles of Association of China Construction Bank Corporation (the “Articles of Association”) and other relevant rules. The following resolutions were considered and approved at the Meeting: I. Proposal regarding the Appointment of Mr. Lyu Jiajin as Executive Vice President of the Bank Voting results: voted in favour: 14 votes, voted against: 0 vote, abstained from voting: 0 vote. Opinion of the independent non-executive directors in respect of this resolution: Agreed. -
Annual Report CONTENTS
(A joint stock company incorporated in the People’s Republic of China with limited liability) Stock Code: 6066 2018Annual Report CONTENTS Definitions ................................ 2 Chairman’s Statement ....................... 6 Section 1 Important Notice ................. 8 Section 2 Company Information ............. 10 Section 3 Financial Summary ............... 29 Section 4 Management Discussion and Analysis .................... 35 Section 5 Report of Directors ............... 102 Section 6 Other Significant Events ........... 120 Section 7 Changes in Shares and Information on Substantial Shareholders .......... 124 Section 8 Directors, Supervisors, Senior Management and Employees ....... 129 Section 9 Corporate Governance Report ...... 163 Section 10 Environmental, Social and Governance Report ............... 192 Annex Independent Auditor’s Report and Notes to the Consolidated Financial Statements ..................... 224 Annual Report 2018 1 DEFINITIONS Unless the context otherwise requires, the following expressions have the following meanings in this annual report: “A Share(s)” listed domestic shares in the share capital of our Company with a nominal value of RMB1.00 each, listed on the Shanghai Stock Exchange and traded in RMB “Articles of Association” or “Articles” the articles of association of CSC Financial Co., Ltd. “Board” or “Board of Directors” the Board of Directors of our Company “BSCOMC” Beijing State-owned Capital Operation and Management Center (北京國有資本經營管理中心) “Central Huijin” Central Huijin Investment Limited (中央匯金投資有限責任公司)