DOCSLIB.ORG

Notes to the Consolidated Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Notes to the Consolidated Financial Statements www.cs.ecitic.com IMPORTANT NOTICE The Board and the Supervisory Committee and the Directors, Supervisors and Senior Management warrant the truthfulness, accuracy and completeness of contents of this report and that there is no false representation, misleading statement contained herein or material omission from this report, for which they will assume joint and several liabilities. This results announcement was considered and approved at the 22th meeting of the Sixth Session of the Board. All Directors attended this meeting of the Board. No Director raised any objection to this report. The Company’s domestic and international fi nancial statements for the year were audited by PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers Hong Kong, respectively. Auditor’s reports with unqualifi ed audit opinions were issued accordingly. Mr. ZHANG Youjun, head of the Company, Mr. GE Xiaobo, the Chief Financial Offi cer, and Ms. KANG Jiang, head of the Company’s accounting department, warrant that the fi nancial statements set out in this report are true, accurate and complete. The Company’s 2017 profi t distribution plan as considered and approved by the Board is to distribute a cash dividend of RMB4.00 (tax inclusive) for every 10 shares. This proposal is subject to the approval of the general meeting of the Company. Forward looking statements, including future plans and development strategies, contained in this report do not constitute a substantive commitment to investors by the Company. Investors should be aware of investment risks. There was no appropriation of funds of the Company by controlling Shareholder(s) or its/their related parties for non-operating purposes. The Company had made no guarantee to external parties against the stipulated decision-making process. The Company prepared this report in both English and Chinese versions. In the event of any discrepancies between the English version and the Chinese version, the Chinese version shall prevail. Contents Contents Defi nitions 2 Material Risk Factors 6 Company Information 7 Financial Summary 18 Chairman’s Statement 23 Management Discussion and 25 Analysis Report of the Board 71 Signifi cant Events 81 Changes in Share Capital and 104 Information on Substantial Shareholders Directors, Supervisors, Senior 112 Management and Employees Corporate Governance Report 133 Environmental, Social and 167 Governance Report Independent Auditor’s Report and 184 Notes to Financial Statements Documents Available for Inspection 314 Appendix 1: Organization Chart 315 Appendix 2: Index of Information 316 Disclosure Defi nitions Unless the context otherwise requires, the following expressions have the following meanings in this report: “A Shareholder(s)” holder(s) of A Shares “A Share(s)” the domestic share(s) in the ordinary share capital of the Company with a nominal value of RMB1.00 each, which are listed on the Shanghai Stock Exchange (stock code: 600030) “Board” the board of directors of the Company “China AMC” China Asset Management Company Limited (華夏基金管理有限公司) “China CITIC Bank” China CITIC Bank Corporation Limited (中信銀行股份有限公司) “CITIC Buyout Fund” CITIC Buyout Fund Management Co., Ltd. (中信併購基金管理有限公司) “CLSA” the brand name of the offshore business of the Company “CITIC Corporation Limited” CITIC Corporation Limited (中國中信有限公司) “CITIC Futures” CITIC Futures Company Limited (中信期貨有限公司) “CITIC Global Trade” CITIC Global Trade (Shanghai) Co., Ltd. (中信寰球商貿（上海）有限公司) “CITIC Group” CITIC Group Corporation (中國中信集團有限公司) “CITIC Holdings” CITIC Holdings Limited (中信控股有限責任公司) “CITIC Limited” CITIC Limited (中國中信股份有限公司) “CITIC Pacifi c” CITIC Pacifi c Limited (中信泰富有限公司) “CITIC PE Fund” CITIC Private Equity Funds Management Company Limited (中信產業投資基金管 理有限公司) “CITIC Real Estate” CITIC Real Estate Co., Ltd (中信房地產股份有限公司) “CITIC Securities (Shandong)” CITIC Securities (Shandong) Co., Ltd. (中信証券（山東）有限責任公司) “CITIC Securities Finance 2013” CITIC Securities Finance 2013 Co., Ltd. (中信証券財務2013有限公司) “CITIC Securities Finance MTN” CITIC Securities Finance MTN Co., Ltd. 02 “CITIC Securities Investment” CITIC Securities Investment Limited (中信証券投資有限公司) “CITIC Trust” CITIC Trust Co., Ltd. (中信信託有限責任公司) “CLSA B.V.” Crédit Agricole Securities Asia B.V., a private limited company incorporated under the laws of the Netherlands and becoming a wholly-owned subsidiary of CSI on 31 July 2013 “Company” or “CITIC Securities” CITIC Securities Company Limited (中信証券股份有限公司) “Company Law” the Company Law of the People’s Republic of China “connected transaction(s)” has the meaning ascribed to it under the Hong Kong Listing Rules currently in effect and as amended from time to time “CSDCC” China Securities Depository and Clearing Corporation Limited “CSI” CITIC Securities International Co., Ltd. (中信証券國際有限公司) “CSRC” China Securities Regulatory Commission “Director(s)” the director(s) of the Company “GoldStone Fund” CITIC GoldStone Fund Management Company Limited (中信金石基金管理有限公司) “GoldStone Investment” GoldStone Investment Co., Ltd. (金石投資有限公司) “GoldStone Zexin” GoldStone Zexin Investment Management Co., Ltd. (金石澤信投資管理有限公司) “Group” CITIC Securities Company Limited and its subsidiaries “H Shareholder(s)” holder(s) of H Shares “H Share(s)” the overseas-listed foreign share(s) in the ordinary share capital of the Company with a nominal value of RMB1.00 each, which are listed on the Stock Exchange of Hong Kong Limited (stock code: 6030) “HKEx” Hong Kong Exchanges and Clearing Limited “Hong Kong Listing Rules” Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited CITIC Securities Company Limited 2017 Annual Report 03 Defi nitions “Jiantou Zhongxin” Jiantou Zhongxin Asset Management Co., Ltd. (建投中信資產管理有限責任公司) “Jindingxin Microfi nance” Qingdao Jindingxin Microfi nance Company Limited (青島金鼎信小額貸款股份有限公司) “Kington Securities” Kington Securities Limited Liability Company (金通證券有限責任公司) “Ministry of Finance” the Ministry of Finance of the People’s Republic of China “NSSF” National Council for Social Security Fund of the People’s Republic of China “PwC” PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers “PwC Hong Kong” PricewaterhouseCoopers “PwC Zhong Tian” PricewaterhouseCoopers Zhong Tian LLP “related party transaction(s)” for the purpose of Section 6 “Signifi cant Events” and Section 9 “Corporate Governance Report” only, has the meaning ascribed to it under the SSE Listing Rules currently in effect and as amended from time to time, unless otherwise stated “Reporting Period” the twelve months ended 31 December 2017 “SAC” Securities Association of China “SAIC” the State Administration for Industry & Commerce of the People’s Republic of China “Securities Law” the Securities Law of the People’s Republic of China “Senior Management” the senior management of the Company “SFC” the Securities and Futures Commission of Hong Kong “Shanghai Clearing House” Interbank Market Clearing House Co., Ltd. “Share(s)” A Share(s) and H Share(s) “Shareholder(s)” holder(s) of the domestic share(s) or the overseas-listed foreign share(s) in the ordinary share capital of the Company with a nominal value of RMB1.00 each, which are listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, respectively 04 “Shenzhen Bureau of the CSRC” the Shenzhen Securities Regulatory Bureau of the CSRC “SME” small and medium-sized enterprise “SOE” state-owned enterprise “SSE” Shanghai Stock Exchange “SSE Listing Rules” Rules Governing the Listing of Stocks on Shanghai Stock Exchange “Supervisor(s)” the supervisor(s) of the Company “Supervisory Committee” the supervisory committee of the Company “SZSE” Shenzhen Stock Exchange “Tianjin Jingzheng” Tianjin Jingzheng Property Services Limited (天津京證物業服務有限公司) “Tianjin Shenzhen” Tianjin Shenzhen Property Services Limited (天津深證物業服務有限公司) “Wind Info” Wind Information Co., Ltd. “Xiamen Cross-strait Equity Exchange” Xiamen Cross-strait Equity Exchange Co, Ltd. CITIC Securities Company Limited 2017 Annual Report 05 Material Risk Factors The Group’s business is highly dependent on the macroeconomic and market conditions of China and other areas in which the Company operates its business. Therefore, fl uctuation in the Chinese and international capital markets will have material impact on the operating results of the Group. The major risks exposed to by the Group mainly: legal and compliance risk caused by possible failure of the business management and standards to align in a timely manner with changes in national laws and the regulations and rules promulgated by the regulatory authorities; strategic risk where the Group may not be able to determine the strategic plan in response to the profound changes in the domestic and overseas capital markets; internal operations and management risks arising from the transformation of the Company’s business model and the emergence of new businesses and new technologies; market risk that may arise from the fl uctuating market price of the securities held by the Group; credit risk that may arise from the default of its borrower or trading counterparty; liquidity risk where the Group may encounter a shortage of fund in fulfi llment of payment obligations; operational risk that may arise from the negligence or omission of the internal process management, information system failure or personnel misconduct; risks such as currency exchange risk that may arise from the operation of international businesses and fi nancial innovative businesses. In particular, credit risk and liquidity risk are the major risks
Load more

Recommended publications
  • Announcement Report for the First Quarter of 2021 Of
    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. ANNOUNCEMENT REPORT FOR THE FIRST QUARTER OF 2021 OF CHINA CITIC BANK CORPORATION LIMITED This announcement is made by CITIC Limited (the “Company”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Company notes the announcement (the “CITIC Bank Announcement”) of today’s date made by China CITIC Bank Corporation Limited (“CITIC Bank”), a principal subsidiary of the Company, in relation to the unaudited consolidated results of CITIC Bank and its subsidiaries for the first quarter ended 31 March 2021. The CITIC Bank Announcement is available on the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and is set out at the end of this announcement. By Order of the Board CITIC Limited Zhu Hexin Chairman Hong Kong, 29 April 2021 As at the date of this announcement, the executive directors of the Company are Mr Zhu Hexin (Chairman), Mr Xi Guohua and Ms Li Qingping; the non-executive directors of the Company are Mr Song Kangle, Mr Liu Zhuyu, Mr Peng Yanxiang, Ms Yu Yang, Mr Liu Zhongyuan and Mr Yang Xiaoping; and the independent non-executive directors of the Company are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Mr Shohei Harada and Mr Gregory Lynn Curl.
    [Show full text]
  • In a Year of Contraction, Asia Feels the Ripple Effect of Mifid II 2016 Greenwich Leaders: Asian Equities
    In a Year of Contraction, Asia Feels the Ripple Effect of MiFID II 2016 Greenwich Leaders: Asian Equities Q1 2017 Three global brokers are pulling away from the pack in the Asian equity research/advisory business—a break from historical patterns characterized by a more gradual slope among major competitors. Credit Suisse, Bank of America Merrill Lynch and Morgan Stanley are statistically deadlocked atop the list of 2016 Greenwich Leaders in Asian Equity Research/Advisory Vote Share. These three firms have opened a significant lead over UBS, CLSA Asia-Pacific Markets and J.P. Morgan, which are also virtually tied in terms of vote share and round out the list of this year’s winners. In Asian Equity Trading, the same three firms are statistically tied for the top spot in overall share, but in this business, their lead over fellow Greenwich Share Leaders CLSA, UBS and Citi is much narrower. In the growing algorithmic trading business, Bank of America Merrill Lynch widened its lead over the competition. Credit Suisse and Morgan Stanley claim the title of 2016 Greenwich Quality Leaders in Asian Equity Research Product & Analyst Service, and Greenwich Share Leaders — 2016 GREENWICH ASSOCIATES Greenwich Share20 1Leade6r Asian Equity Research/Advisory Vote Share Asian Equity Algorithmic Trading Share Broker Statistical Rank Broker Statistical Rank Credit Suisse 1T Bank of America Merrill Lynch 1 Bank of America Merrill Lynch 1T UBS 2T Morgan Stanley 1T Morgan Stanley 2T UBS 4T Credit Suisse 2T CLSA Asia-Pacific Markets 4T Goldman Sachs 5T J.P. Morgan 4T Citi 5T ITG 5T Asian Equity Trading Share, Options & Volatility Product Important Relationships—Asia Broker Statistical Rank* Broker Statistical Rank Morgan Stanley 1T Morgan Stanley 1T Bank of America Merrill Lynch 1T Goldman Sachs 1T Credit Suisse 1T Bank of America Merrill Lynch 3T CLSA Asia-Pacific Markets 4T Deutsche Bank 3T UBS 4T J.P.
    [Show full text]
  • New Public Service Mode in Conventional Agricultural Areas: in the Case of Heze in Shandong Province
    NEW PUBLIC SERVICE MODE IN CONVENTIONAL AGRICULTURAL AREAS: IN THE CASE OF HEZE IN SHANDONG PROVINCE UBC School of Community Regional Planning Mengying Li April 20, 2018 TABLE OF CONTENTS NEW PUBLIC SERVICE MODE IN Mode 7 CONVENTIONAL AGRICULTURAL AREAS: 4 RECOMMENDATIONS 8 IN THE CASE OF HEZE IN SHANDONG PROVINCE 1 4.1 Basic Public Service 8 TABLE OF CONTENTS 2 4.1.1 Major Towns Selection 9 EXECUTIVE SUMMARY 3 4.1.2 Basic Public Service Mode 10 1. CONTEXT 1 4.2 Developing Public Service 12 1.1 background 1 5. REFERENCE 13 1.2 Study Site (Client) 2 6. APPENDIX 14 2. RESEARCH QUESTIONS AND METHODS 3 Major town selections 14 2.1 Research Methods 3 2.1.1 Best Practice and Literature Review 3 2.2.2 Quantitative and Qualitative Analysis 3 2.2.3 Public Engagement with Stakeholders 3 3. ANALYSIS 4 3.1 principles 5 3.2 Framework of the Basic Public Service Mode 6 3.2.1 Vertical Structure of the New Mode 6 3.2.2 Horizontal Structure of the New Mode 6 3.3 Framework of the developing Service 2 EXECUTIVE SUMMARY Heze City faces some challenges in the This data-driven study offers Proper public service recommendations on how the process of urbanization: low level of urbanization, migration-urbanization principles: Heze City can have proper public phenomenon, and improper public service service mode to meet residents’ mode. Principle 1: A proper public service needs and local development. METHOD facilities mode can match with the The author used three methods including spatial pattern of urbanization and best practice and literature review, help to redistribute population, and BACKGROUND quantitative and qualitative analysis, and improve equity of public service public engagement with stakeholders, to During the new era of “13th Five-year”, China develp new public service mode.
    [Show full text]
  • 2020 Annual Report 2020
    VPower Group International Holdings Limited (根據開曼群島法例註冊成立之有限公司) 股份代號： 年度報告 ANNUAL REPORT 偉能集團國際控股有限公 202 0 2020 司 Annual Report 2020 CNCNTICT IC VVPOWERPOWE R CNTIC VPOWER 年度報 告 CONTENTS INTRODUCTION Company Profile 02 Awards and Recognition 03 Year at a Glance 04 Chairman’s Statement 06 MANAGEMENT Management Discussion and Analysis 10 Biography of Directors and Management Team 22 Corporate Governance Report 29 Directors’ Report 38 Risk Management 53 FINANCIALS Independent Auditor’s Report 57 Consolidated Statement of Profit or Loss 64 Consolidated Statement of Comprehensive Income 65 Consolidated Statement of Financial Position 66 Consolidated Statement of Changes in Equity 68 Consolidated Statement of Cash Flows 69 Notes to Financial Statements 71 Five Year Financial Summary 170 CONTACTS CNTIC VPOWER Corporate Information 172 COMPANY PROFILE VPower Group International Holdings Limited (the “Company”, or together with its subsidiaries, the “Group”) is one of the world’s leading large gen-set system integration providers and one of the leading gas-fired engine-based distributed power generation (“DPG”) station owners and operators in Asia, with more than 20 years of proven operational excellence in the energy market. We deliver much-in-demand electricity to keep industries running and power the regional economic growth through (1) designing, integrating and selling gen-sets and power generation systems that primarily run on natural gas or diesel; and (2) designing, investing in, building and operating DPG stations for off-takers. Together, they make up our two principal business segments: (1) System Integration (“SI”) business; and (2) Investment, Building and Operating (“IBO”) business. Our fast-track power solutions generate stable and reliable electricity in emerging markets to improve the living standards of people; as well as provide flexible and efficient electricity in developed markets to supplement the increasing use of renewable energy due to power reform.
    [Show full text]
  • 2.15 Jilin Province Jilin Province Jixin Group Co. Ltd., Affiliated to the Jilin Provincial Prison Administration Bureau, Has 22
    2.15 Jilin Province Jilin Province Jixin Group Co. Ltd., affiliated to the Jilin Provincial Prison Administration Bureau, has 22 prison enterprises Legal representative of the prison company: Feng Gang, Chairman of Jilin Jixin Group Co., Ltd. His official positions in the prison system: Party Committee Member of Jilin Provincial Justice Department, Party Committee Secretary and Director of Jilin Provincial Prison Administration Bureau1 According to the “Notice on Issuing ‘Jilin Province People’s Government Institutional Reform Program’ from the General Office of the CCP Central Committee and the General Office of the State Council” (Ting Zi [2008] No. 25), the Jilin Provincial Prison Administration Bureau (Deputy-department level) was set up as a management agency under the Provincial Justice Department.2 Business areas: The company manages state-owned operating assets of the enterprises within province’s prison system; production, processing and sale of electromechanical equipment (excluding cars), chemical products, apparels, cement, construction materials; production and sale of agricultural and sideline products; labor processing No. Company Name of the Legal Person Legal Registered Business Scope Company Notes on the Prison Name Prison, to which and representative Capital Address the Company Shareholder(s) / Title Belongs 1 Jilin Jixin Jilin Provincial State-owned Feng Gang 70.67 The company manages state-owned 1000 Xinfa According to the “Notice on Issuing Group Co., Prison Asset Chairman of Jilin million operating assets of the
    [Show full text]
  • Jilin Province Chuncheng Heating Company Limited* 吉林省春城
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your securities broker or other registered securities dealer, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in Jilin Province Chuncheng Heating Company Limited*, you should at once hand this circular and the accompanying form of proxy to the purchaser or transferee or to the bank, securities broker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular. Jilin Province Chuncheng Heating Company Limited* 吉林省春城熱力股份有限公司 (A joint stock limited liability company incorporated in the People’s Republic of China) (Stock code: 1853) REPORT OF THE DIRECTORS FOR THE YEAR 2020, REPORT OF THE SUPERVISORY COMMITTEE FOR THE YEAR 2020, ANNUAL REPORT FOR THE YEAR 2020, AUDITED FINANCIAL STATEMENTS FOR THE YEAR 2020, PROFIT DISTRIBUTION PLAN FOR THE YEAR 2020, REMUNERATION PLAN FOR DIRECTORS FOR THE YEAR 2021, REMUNERATION PLAN FOR SUPERVISORS FOR THE YEAR 2021, RE-APPOINTMENT OF THE COMPANY’S AUDITORS FOR THE YEAR 2021, PROPOSED ELECTION OF NEW SESSION OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE, NON-EXEMPT CONTINUING CONNECTED TRANSACTIONS, GENERAL MANDATE TO ISSUE SHARES AND NOTICE OF 2020 ANNUAL GENERAL MEETING Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders Giraffe Capital Limited The letter from the Board is set out on pages 5 to 28 of this circular.
    [Show full text]
  • Espinal, Et Al. V. Didi Global Inc., Et Al. 21-CV-05807-U.S. District Court
    Espinal v. Didi Global Inc. et al, Docket No. 1:21-cv-05807 (S.D.N.Y. Jul 06, 2021), Court Docket Current on Bloomberg Law as of 2021-07-08 13:03:33 U.S. District Court Southern District of New York (Foley Square) CIVIL DOCKET FOR CASE #: 1:21-cv-05807-LAK Espinal v. Didi Global Inc. et al Date Filed: Jul 6, 2021 Nature of suit: 850 Securities/ Commodities Assigned to: Judge Lewis A. Kaplan Cause: 15:77 Securities Fraud Jurisdiction: Federal Question Jury demand: Plaintiff Parties and Attorneys Plaintiff Rafaela Espinal individually and on behalf of all others similarly situated Representation Gregory Bradley Linkh Glancy Prongay & Murray LLP 230 Park Avenue Suite 358 New York, NY 10169 (212) 682-5340 [email protected] ATTORNEY TO BE NOTICED Defendant Didi Global Inc. formerly known as: Xiaoju Kuaizhi Inc. Defendant Will Wei Cheng © 2021 The Bureau of National Affairs, Inc. All Rights Reserved. Terms of Service // PAGE 1 Espinal v. Didi Global Inc. et al, Docket No. 1:21-cv-05807 (S.D.N.Y. Jul 06, 2021), Court Docket Defendant Alan Yue Zhuo Defendant Jean Qing Liu Defendant Stephen Jingshi Zhu Defendant Zhiyi Chen Defendant Martin Chi Ping Lau Defendant Kentaro Matsui Defendant Adria Perica Defendant Daniel Yong Zhang Defendant Goldman Sachs (ASIA) L.L.C. Defendant Morgan Stanley & Co. LLC Defendant J.P. Morgan Securities LLC Defendant Bofa Securities, Inc. Defendant Barclays Capital Inc. Defendant China Renaissance Securities (Hong Kong) Limited Defendant China International Capital Corporation Hong Kong Securities Limited © 2021 The Bureau of National Affairs, Inc.
    [Show full text]
  • The Prevalence of Attention Deficit/Hyperactivity Disorder
    www.nature.com/scientificreports OPEN The Prevalence of Attention Defcit/ Hyperactivity Disorder among Chinese Children and Adolescents Received: 30 January 2018 Anni Liu1, Yunwen Xu2, Qiong Yan1 & Lian Tong1 Accepted: 5 July 2018 Updating the worldwide prevalence estimates of attention-defcit hyperactivity disorder (ADHD) has Published: xx xx xxxx signifcant applications for the further study of ADHD. However, previous reviews included few samples of Chinese children and adolescents. To conduct a systematic review of ADHD prevalence in Mainland China, Hong Kong, and Taiwan to determine the possible causes of the varied estimates in Chinese samples and to ofer a reference for computing the worldwide pooled prevalence. We searched for PubMed, Embase, PsycINFO, Web of Science, China National Knowledge Infrastructure, VIP, WANFANG DATA, and China Science Periodical Database databases with time and language restrictions. A total of 67 studies covering 642,266 Chinese children and adolescents were included. The prevalence estimates of ADHD in Mainland China, Hong Kong, and Taiwan were 6.5%, 6.4%, and 4.2%, respectively, with a pooled estimate of 6.3%. Multivariate meta-regression analyses indicated that the year of data collection, age, and family socioeconomic status of the participants were signifcantly associated with the prevalence estimates. Our fndings suggest that geographic location plays a limited role in the large variability of ADHD prevalence estimates. Instead, the variability may be explained primarily by the years of data collection, and children’s socioeconomic backgrounds, and methodological characteristics of studies. Attention-defcit/hyperactivity disorder (ADHD) is one of the most common childhood psychiatric disorders, with symptoms including inattention, impulsivity, and hyperactivity1–3.
    [Show full text]
  • GENERTEC UNIVERSAL MEDICAL GROUP COMPANY LIMITED 通用環球醫療集團有限公司 (Incorporated in Hong Kong with Limited Liability) (Stock Code：2666)
    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. GENERTEC UNIVERSAL MEDICAL GROUP COMPANY LIMITED 通用環球醫療集團有限公司 (Incorporated in Hong Kong with limited liability) (Stock Code：2666) SUPPLEMENTAL ANNOUNCEMENT CAPITAL INCREASE IN A SUBSIDIARY Reference is made to the announcement of Genertec Universal Medical Group Company Limited (the “Company”) dated 1 June 2020 (the “Announcement”) in respect of a capital increase in a subsidiary of the Company. Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless otherwise stated. Identities of the Ultimate Beneficial Owners of the Relevant Parties Further to the information of the Parties under the Capital Increase Agreement disclosed in the Announcement, to the best knowledge, information and belief of the Directors having made all reasonable enquiry, (a) the ultimate beneficial owner of each of the Minmetals Investors and Minmetals Innovation Investment is China Minmetals Corporation, a state-owned corporation under direct supervision of SASAC; and (b) the holding company of CITIC Capital (Tianjin) is CITIC Capital Holdings Limited (“CITIC Capital”). CITIC Capital is effectively owned by institutional shareholders, which include CITIC Limited (0267.HK, 19.90%), Tencent Holdings Limited (0700.HK, 20.70%), Fubon Financial Holding Co., Ltd. and its affiliate (2881.TW, 19.92%), Qatar Holding LLC (sovereign wealth fund of Qatar, 18.73%), and its management (managing director and above, 20.75%).
    [Show full text]
  • Table of Codes for Each Court of Each Level
    Table of Codes for Each Court of Each Level Corresponding Type Chinese Court Region Court Name Administrative Name Code Code Area Supreme People’s Court 最高人民法院 最高法 Higher People's Court of 北京市高级人民 Beijing 京 110000 1 Beijing Municipality 法院 Municipality No. 1 Intermediate People's 北京市第一中级 京 01 2 Court of Beijing Municipality 人民法院 Shijingshan Shijingshan District People’s 北京市石景山区 京 0107 110107 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Haidian District of Haidian District People’s 北京市海淀区人 京 0108 110108 Beijing 1 Court of Beijing Municipality 民法院 Municipality Mentougou Mentougou District People’s 北京市门头沟区 京 0109 110109 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Changping Changping District People’s 北京市昌平区人 京 0114 110114 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Yanqing County People’s 延庆县人民法院 京 0229 110229 Yanqing County 1 Court No. 2 Intermediate People's 北京市第二中级 京 02 2 Court of Beijing Municipality 人民法院 Dongcheng Dongcheng District People’s 北京市东城区人 京 0101 110101 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Xicheng District Xicheng District People’s 北京市西城区人 京 0102 110102 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Fengtai District of Fengtai District People’s 北京市丰台区人 京 0106 110106 Beijing 1 Court of Beijing Municipality 民法院 Municipality 1 Fangshan District Fangshan District People’s 北京市房山区人 京 0111 110111 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Daxing District of Daxing District People’s 北京市大兴区人 京 0115
    [Show full text]
  • Landscape Portrait
    CLSA (UK) ORDER EXECUTION POLICY 1 General Information about this Policy 1.1 Background CLSA UK (“CLSA”) provides general broker dealer and other ancillary services to its clients. It is authorised and regulated by the Financial Conduct Authority of the United Kingdom (the "FCA") and is an investment firm subject to the requirements of the rules of the FCA (the “FCA Rules”) that implement the Markets in Financial Instruments Directive 2014/65/EU ("MiFID II"). CLSA executes orders in relation to financial instruments on behalf of its clients. There are two methods that it can use to execute those orders that are distinguished for the purposes of the FCA Rules. (A) First, CLSA can execute the relevant transaction on behalf of the client directly with a counterparty or on an exchange or other trading system (e.g., by dealing directly with a market maker on a “request for quote” basis). The counterparty, exchange or trading system with which CLSA chooses to execute such a transaction is referred to in this policy as an “Execution Venue”. In accordance with the FCA Rules, an Execution Venue can include an EEA regulated market, or other exchange, a multilateral trading facility, organised trading facility, a systematic internaliser, a market maker or other liquidity provider or non-EEA entity performing similar functions to the Execution Venues listed above. (B) Secondly, CLSA can place an order as agent with a third party (e.g., another broker or investment bank) and/or any of its affiliates for that third party or affiliate to execute on behalf of the client.
    [Show full text]
  • China 2025 16
    China | Equity Strategy China 14 December 2014 EQUITY RESEARCH China The Year of the Ram: Stars Aligned for a Historic Bull Run Key Takeaway The Ram, the Bull and the Heavenly Twins – the stars are now aligned for China’s historic bull-run. China's stock market offers massive untapped potential given the high savings rate and low penetration. “Keeping Growth Steady” is a top priority for 2015; we expect SHCOMP and HSCEI to test 4,050 and 15,420, up 38% and 37% from current levels. As confidence gains momentum, volatility becomes the investors’ best friend. CHINA China Gallops into a Historic Bull Run. On Nov 20, 2013, we wrote “The Year of the Horse will see China unleash its full potential, as President Xi ushers in a new era of profound change.” “We expect capital markets to gradually gain confidence in China’s ability to drive fundamental reforms and expect Chinese stocks to enter a historic multi-year bull run.” Indeed, 2014 has been a remarkable year. As of Dec.12, SHCOMP surged 39% to 2938, breaking a seven-year bearish trend to become the best performing index in the world. China Stock Market: Massive Untapped Potential. According to China Household Finance Survey, property accounted for 66.4% of total Chinese household assets in 2013. Financial assets accounted for a mere 10.1% of household wealth. While over 61% of Chinese families have bank deposits, only 6.5% of them invested in the stock market. Given China’s high savings rate and low stock market penetration, we believe the A-share market offers significant upside potential.
    [Show full text]