DOCSLIB.ORG

2015 Annual Report Annual Report 2015Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2015 Annual Report Annual Report 2015Annual Report 2015 Annual Report Annual ReportAnnual 2015 Contents Important Notice 2 Definitions 5 President’s Statement 8 Company Profile and Key Financial Indicators 10 Summary of the Company’s Business 49 Management Discussion and Analysis and Report of the Board 57 Major Events 139 Changes in Ordinary Shares and Shareholders 180 Preferential Shares 195 Directors, Supervisors, Senior Management and Staff 196 Corporate Governance Report 229 Corporate Bonds 287 Financial Report 296 Index of Documents for Inspection 445 Disclosures 446 2 HUATAI SECURITIES CO., LTD. Important Notice The Board of Directors, the Supervisory Committee, Directors, Supervisors and senior management of the Company undertake that the information in this annual report is true, accurate and complete and contains no false record, misleading statement or material omission, and assume individual and joint liabilities to the information in this report. This report was considered and approved at the twenty-ninth meeting of the third session of the Board of the Company. All Directors of the Company attended the Board meeting. None of the directors and supervisors had objections towards this report. The annual financial report prepared by the Company in accordance with China Accounting Standards for Business Enterprises and the International Financial Reporting Standards was audited by KPMG Huazhen LLP and KMPG respectively, which issued a standard unqualified audit report to the Company. Zhou Yi, officer in charge and officer in charge of accounting of the Company, and Shu Ben’e, officer in charge of the accounting office of the Company (head of accounting department), hereby warrant and guarantee that the financial report contained in the annual report is true, accurate and complete. The profit distribution plan or the reserve capitalization plan for the Reporting Period considered by the Board: As audited by KPMG Huazhen LLP, the profit for the year of the parent company for 2015 was RMB9,145,222,410.50. According to the relevant requirements of the Company Law, Securities Law, Financial Rules for Financial Enterprises 《金( 融企業財務規則》) and the Articles of Association of the Company, the Company had appropriated 10% statutory surplus reserve, 10% general risk reserve and 10% trading risk reserve of RMB2,743,566,723.15 in total, after which, the profit available for distribution for the year was RMB6,401,655,687.35. Plus the balance of undistributed profit of RMB7,327,694,049.30 in previous years and less the dividend of RMB2,800,000,000.00 distributed according to the profit distribution plan of the Company for 2014, the accumulated profit available for distribution to investors in cash for the year was RMB10,929,349,736.65. According to the relevant requirements of the Regulatory Guideline No. 3 for Listed Companies — Cash Dividend of Listed Companies 《上市公司監管指引第( 3號 – 上市公司現金分紅》) and the Guidelines of Shanghai Stock Exchange for the Distribution of Cash Dividend by Listed Companies 《上海證券交易所上市公司現金分紅指引》( ) and based on the actual needs of the Company for business development, the profit distribution plan is proposed as follows: The Company will make profit distribution by way of cash dividend for 2015, to distribute cash dividend to all the holders of A shares and H shares whose names appear on the register of shareholders on the record date for cash dividend distribution for 2015, the amount of which will be RMB5.00 (tax included) per 10 shares in cash based on the total share capital of 7,162,768,800 shares as of the end of 2015, with an aggregate amount of RMB3,581,384,400.00. The undistributed profit of RMB7,347,965,336.65 will be carried forward to the next year. Cash dividend is denominated and declared in RMB and paid to holders of A shares in RMB and to holders of H shares in HKD. The actual distribution amount in HKD would be calculated at the rate of average basic exchange rate of RMB against HKD issued by the People’s Bank of China for the five business days prior to the 2015 annual general meeting of the Company. 2015 Annual Report 3 Important Notice This profit distribution plan will be submitted to the annual general meeting of the Company for 2015 for consideration, and it is expected that the annual dividend for 2015 will be distributed to the shareholders of the Company within two months, after such plan is approved at the general meeting but in any event no later than August 31, 2016. Forward-looking statements including future plans and development strategies involved in this report do not constitute the Company’s substantive commitments to investors. The investors are advised to pay attention to investment risks. There is no non-operating misappropriation of funds of the Company by any controlling shareholders and their related parties during the Reporting Period. The Company has not provided any guarantees in favor of others in violation of the decision-making procedures during the Reporting Period. The report of the Company is prepared in both Chinese and English. In the event of any inconsistency, the Chinese version should prevail. WARNING ON MAJOR RISKS Almost all of the Company’s assets are located in China, and a substantial majority of its revenue is derived from the securities markets in China, so the Company’s business is highly dependent on the economic and market conditions in China. On the one hand, like other companies in the securities industry, the Company’s business is directly affected by the inherent risks associated with the securities markets, such as the factors like market volatility and fluctuations in the trading volume. On the other hand, the Company’s business is also subject to general economic and political conditions, such as the factors like macroeconomic and monetary policies, legislation and regulations affecting the financial and securities industries, upward and downward trends in the business and financial sectors, inflation, currency fluctuations, availability of short-term and long-term market funding sources, cost of funding and the level and volatility of interest rates. The Company can provide no assurance that the favorable domestic economic and market conditions will be sustained. In recent years, along with the gradually loosening regulation on the securities industry in China and the continuous diversification of securities businesses and products, the domestic securities industry is facing increasingly intensified competition, and the Company’s business may be materially and adversely affected if it fails to compete effectively. Affected by multiple factors like internet securities and “multiple accounts per person”, the commission rates of securities brokerage business may continue to go downward, the trading volume in and the activity of the market can hardly remain at a high level continuously, and the spreads of capital-based intermediary business may further narrow down, all of which may adversely affect the growth of the Company’s brokerage and wealth management businesses. With the substantial advancement of the reform on the stock issue system, the investment banking business of the Company will be faced with severe challenges in various aspects such as trading execution, customer exploration, pricing and distribution capability, and in the meanwhile, the income of our investment banking business may be adversely affected by the fluctuations of the capital market. Along 4 HUATAI SECURITIES CO., LTD. Important Notice with the lowering of the access threshold for the asset management industry and the intensified competition among mixed businesses or unfavorable economic and market conditions, the asset under management of the Company may be reduced or the performance of the Company’s assets management may be affected, which may result in a negative impact on the asset management fees or performance rewards charged by the Company. Since the domestic derivatives market is not able to provide adequate methods and trading of stock index futures is temporarily restricted, it is difficult for the Company to effectively defend itself from market risks. In the meanwhile, the Company actively takes measures to maintain the stability of the capital market and sharply expands the scale of directional investment, and the performance of the Company’s investment and trading business is closely related to the performance of the domestic securities market. The Company strives to expand its business coverage and provide new products and new services, while business innovation may cause the Company to be exposed to increased risks or additional risks. The Company is one of the few securities companies that have obtained the regulatory rating of AA from CSRC for six consecutive years. Affected by the factors like the administrative regulatory measures imposed during the Reporting Period, the Company can provide no assurance that the CSRC will not lower the regulatory rating of the Company in future, which may limit the Company’s abilities to carry out pilot projects and launch new businesses. Due to the expansion of the Company’s traditional and innovative businesses, the Company needs to maintain sufficient liquidity for business operations, and in the event that the cash generated from the operating activities is not sufficient to meet the liquidity or regulatory capital requirements, the liquidity, profit and businesses of the Company may be adversely affected. The Company follows its internal risk management framework and procedures to manage risks, while the risk management policies, procedures and the internal control of the Company may not reduce the risks in a sufficient and effective manner or enable the Company to avoid risks not identified yet or unpredictable. In the meanwhile, under the rapidly developing market conditions, the information and empirical data on which the risk management methods of the Company are based may become inappropriate due to changes in the market and regulatory environment. The Company’s operations depend on key management and professional staff, and the success of its business is dependent to a large extent on the continuity of its senior management and its ability to attract and retain key personnel.
Load more

Recommended publications
  • 2018 INTERIM REPORT * Bank of Chongqing Co., Ltd
    BANK OF CHONGQING CO., LTD.* 重慶銀行股份有限公司* （A joint stock company incorporated in the People's Republic of China with limited liability） （Stock Code: 1963） （Stock Code of Preference Shares: 4616） 2018 INTERIM REPORT * Bank of Chongqing Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinance (Chapter 155 of Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong. CONTENTS 1. Corporate Information 2 2. Financial Highlights 3 3. Management Discussions and Analysis 6 3.1 Environment and Outlook 6 3.2 Financial Review 8 3.3 Business Overview 40 3.4 Employees and Human Resources 51 Management 3.5 Risk Management 52 3.6 Capital Management 58 4. Change in Share Capital and Shareholders 61 5. Directors, Supervisors and Senior Management 65 6. Significant Events 67 7. Report on Review of Interim Financial Information 69 8. Interim Condensed Consolidated Financial 70 Information and Notes Thereto 9. Unaudited Supplementary Financial Information 155 10. Organizational Chart 158 11. List of Branch Outlets 159 12. Definitions 167 Corporate Information Legal Name and Abbreviation in Chinese Date and Registration Authority of 重慶銀行股份有限公司 (Abbreviation: 重慶銀行) Initial Incorporation September 2, 1996 Name in English Administration for Industry and Bank of Chongqing Co., Ltd. Commerce of Chongqing, the PRC Legal Representative Unified Social Credit Code of Business License LIN Jun 91500000202869177Y Authorized Representatives Financial License Registration Number RAN Hailing B0206H250000001 WONG Wah Sing Auditors Secretary to the Board International: PENG Yanxi PricewaterhouseCoopers Address: 22/F, Prince’s Building, Central, Joint Company Secretaries Hong Kong WONG Wah Sing HO Wing Tsz Wendy Domestic: PricewaterhouseCoopers Zhong Tian LLP Registered Address and Postal Code Address: 11/F, PricewaterhouseCoopers Center, No.
    [Show full text]
  • The Effect of Health Insurance Reform on the Number of Cataract Surgeries in Chongqing, China Xiaofan Chen1†, Chunlin Chen1†, Yao Zhang2, Rongdi Yuan1 and Jian YE1*
    Chen et al. BMC Health Services Research 2011, 11:67 http://www.biomedcentral.com/1472-6963/11/67 RESEARCHARTICLE Open Access The effect of health insurance reform on the number of cataract surgeries in Chongqing, China Xiaofan Chen1†, Chunlin Chen1†, Yao Zhang2, Rongdi Yuan1 and Jian YE1* Abstract Background: Cataracts are the leading cause of blindness in China, and poverty is a major barrier to having cataract surgery. In 2003, the Chinese government began a series of new national health insurance reforms, including the New Cooperative Medical Scheme (NCMS) and the Urban Resident Basic Health Insurance scheme (URBMI). These two programs, combined with the previously existing Urban Employee Basic Health Insurance (UEBMI) program, aimed to make it easier for individuals to receive medical treatment. This study reports cataract surgery numbers in rural and urban populations and the proportion of these who had health insurance in Chongqing, China from 2003 to 2008. Methods: The medical records of a consecutive case series, including 14,700 eyes of 13,262 patients who underwent age-related cataract surgery in eight hospitals in Chongqing from January 1, 2003, to December 31, 2008, were analysed retrospectively via multi-stage cluster sampling. Results: In the past six years, the total number of cataract surgeries had increased each year as had the number of patients with insurance. Both the number of surgeries and the number of insured patients were much higher in the urban group than in the rural group. The rate of increase in the rural group however was much higher than in the urban group, especially in 2007 and 2008.
    [Show full text]
  • World Bank Document
    Document of The World Bank FOR OFFICIAL USE ONLY Public Disclosure Authorized Report No. 101493‐CN INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT PROGRAM DOCUMENT FOR A PROPOSED LOAN IN THE AMOUNT OF EQUIVALENT TO US$200 MILLION TO Public Disclosure Authorized PEOPLE’S REPUBLIC OF CHINA FOR THE CHONGQING‐DADUKOU DISTRICT FISCAL SUSTAINABILITY DEVELOPMENT POLICY FINANCING December 13, 2016 Public Disclosure Authorized Macroeconomics & Fiscal Management Global Practice Governance Global Practice East Asia and Pacific Region Public Disclosure Authorized This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. China‐Government Fiscal Year January 1 – December 31 Currency Equivalents (Exchange rate effective as of December 2015) Currency Unit = RMB RMB1.00 = US$0.16 US$1.00 = RMB6.40 ABBREVIATIONS AND ACRONYMS CAS Country Assistance Strategy CCP Chinese Communist Party CFAA Country Financial Accountability Assessment CMFB Chongqing Municipality Finance Bureau CNAO China National Audit Office DOF Department of Finance DPF Development Policy Financing DRC Development and Reform Commission DSA Debt Sustainability Analysis FAI Fixed Asset Investment FYP Five Year Plan GDP Gross Domestic Product GNP Gross National Product GRS Grievance Redress Service HIPC Heavily Indebted Poor Countries IBRD International Bank for Reconstruction and Development ICOR Incremental Capital‐Output Ratio IDA International
    [Show full text]
  • Using Every Part of a Place to Develop Tourism
    CHINA DAILY | HONG KONG EDITION Tuesday, January 5, 2021 | 17 LIFE Left: Artists turn some former facilities of the steel plant into contemporary art pieces. Middle: A locomotive inside the museum is a popular subject for social media posts for nostalgic visitors. Right: A steam engine bought from the United Kingdom in 1906 was a crucial witness of the glorious history of the steel plant. PHOTOS BY WANG KAIHAO / CHINA DAILY A legacy forged in steel An industrial site that played a crucial role in the country’s wartime history and subsequent development offers insights into the past, present and future, Wang Kaihao reports in Chongqing. teel can represent more than na’s provisional capital during the changes, such items’ legacies last a nation’s industry. It can war. and encourage people to continu­ also symbolize and even With great pain, China deliberate­ ously create new things. embody its unswerving spir­ ly destroyed the remaining con­ Another relocation came in 2011, Sit and shared determination. structions in the Wuhan plant when Chongqing Iron and Steel was A visit to the former steel plant by before the city fell. moved out of downtown to better the Yangtze River in Chongqing The 1,200­kilometer journey protect the environment. municipality offers more than view­ along the Yangtze River was an “It’s even more costly to refurnish ings of old steampunk elements. adventure in the face of continuous the old factory to match the criteria For many Chinese, it’s like a pil­ Japanese bombings and the shoals of the exhibitions than building a grimage to pay homage to their pre­ of the Three Gorges.
    [Show full text]
  • Chongqing Handbook All Essential Information You Need to Know About Chongqing
    Chongqing Handbook All essential information you need to know about Chongqing Presented by Chongqing Expat Club www.cqexpat.com Copyright 2008. All Rights Reserved. Table of Contents CHAPTER ONE - ABOUT CHONGQING Page 3 CHAPTER TWO – THE CITY HUBS Page 3 CHAPTER THREE – CITY TRANSPORT Page 4 CHAPTER FOUR – ATTRACTIONS Page 6 CHAPTER FIVE – NIGHTLIFE & ENTERTAINMENT Page 16 CHAPTER SIX – ACCOMMODATION Page 18 CHAPTER SEVEN – INTERNATIONAL FOOD Page 21 CHAPTER EIGHT– SHOPPING Page 24 CHAPTER NINE - EDUCATION Page 27 CHAPTER TEN – HEALTH CARE Page 29 CHAPTER ELEVEN – EMBASSIES & CONSULATES Page 31 CHAPTER TWELVE – USEFUL CONTACTS Page 32 CHAPTER THIRTEEN – USEFUL WORDS and PHRASES Page 32 CHAPTER ONE - ABOUT CHONGQING Chongqing is the economic hub of southwest China and the fourth Municipality in China (after Beijing, Shanghai and Tianjin). Chongqing is situated in the east of southwest China, about 2,500km up the Yangtze River from Shanghai. Under its jurisdiction there are 40 districts, cities and counties. It covers an area of 82,000 square kilometres with a total population of 31 million. An estimated 6 million people live in urban Chongqing city. Downtown Chongqing lies at the point where the Yangtze River and the Jialing River merge. Known as the Mountain City, the whole city is built against a backdrop of hills and rivers, characterized by zig-zagging roads and overlapping houses. It is also known as one of the four Furnace Cities for its hot summers and the Foggy City for its misty winters. CHAPTER TWO – THE CITY HUBS Chongqing has five major business and shopping precincts - the oldest and most important being Jiefangbei situated within what remains of the Old Walled City.
    [Show full text]
  • BANK of JIANGSU CO., LTD.Annual Report 2015
    BANK OF JIANGSU CO., LTD.Annual Report 2015 Address：No. 26, Zhonghua Road, Nanjing, Jiangsu Province, China PC：210001 Tel：025-58587122 Web：http://www.jsbchina.cn Copyright of this annual report is reserved by Bank of Jiangsu, and this report cannot be reprinted or reproduced without getting permission. Welcome your opinions and suggestions on this report. Important Notice I. Board of Directors, Board of Supervisors as well as directors, supervisors and senior administrative officers of the Company warrant that there are no false representations or misleading statements contained in this report, and severally and jointly take responsibility for authenticity, accuracy and completeness of the information contained in this report. II. The report was deliberated and approved in the 19th board meeting of the Third Board of Directors on February 1, 2016. III. Except otherwise noted, financial data and indexes set forth in the Annual Report are consolidated financial data of Bank of Jiangsu Co., Ltd., its subsidiary corporation Jiangsu Danyang Baode Rural Bank Co., Ltd. and Suxing Financial Leasing Co., Ltd. IV. Annual financial report of the Company was audited by BDO China Shu Lun Pan Certified Accountants LLP, and the auditor issued an unqualified opinion. V. Xia Ping, legal representative of the Company, Ji Ming, person in charge of accounting work, and Luo Feng, director of the accounting unit, warrant the authenticity, accuracy and integrality of the financial report in the Annual Report. Signatures of directors: Xia Ping Ji Ming Zhu Qilon Gu Xian Hu Jun Wang Weihong Jiang Jian Tang Jinsong Shen Bin Du Wenyi Gu Yingbin Liu Yuhui Yan Yan Yu Chen Yang Tingdong Message from the Chairman and service innovation, made great efforts to risk prevention and control, promoted endogenous growth, improved service efficiency and made outstanding achievements.
    [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]
  • 2015 Annual Report Annual Report 2015Annual Report
    2015 Annual Report Annual ReportAnnual 2015 Contents Important Notice 2 Definitions 5 President’s Statement 8 Company Profile and Key Financial Indicators 10 Summary of the Company’s Business 49 Management Discussion and Analysis and Report of the Board 57 Major Events 139 Changes in Ordinary Shares and Shareholders 180 Preferential Shares 195 Directors, Supervisors, Senior Management and Staff 196 Corporate Governance Report 229 Corporate Bonds 287 Financial Report 296 Index of Documents for Inspection 445 Disclosures 446 2 HUATAI SECURITIES CO., LTD. Important Notice The Board of Directors, the Supervisory Committee, Directors, Supervisors and senior management of the Company undertake that the information in this annual report is true, accurate and complete and contains no false record, misleading statement or material omission, and assume individual and joint liabilities to the information in this report. This report was considered and approved at the twenty-ninth meeting of the third session of the Board of the Company. All Directors of the Company attended the Board meeting. None of the directors and supervisors had objections towards this report. The annual financial report prepared by the Company in accordance with China Accounting Standards for Business Enterprises and the International Financial Reporting Standards was audited by KPMG Huazhen LLP and KMPG respectively, which issued a standard unqualified audit report to the Company. Zhou Yi, officer in charge and officer in charge of accounting of the Company, and Shu Ben’e, officer in charge of the accounting office of the Company (head of accounting department), hereby warrant and guarantee that the financial report contained in the annual report is true, accurate and complete.
    [Show full text]
  • Annual Report 2019
    HAITONG SECURITIES CO., LTD. 海通證券股份有限公司 Annual Report 2019 2019 年度報告 2019 年度報告 Annual Report CONTENTS Section I DEFINITIONS AND MATERIAL RISK WARNINGS 4 Section II COMPANY PROFILE AND KEY FINANCIAL INDICATORS 8 Section III SUMMARY OF THE COMPANY’S BUSINESS 25 Section IV REPORT OF THE BOARD OF DIRECTORS 33 Section V SIGNIFICANT EVENTS 85 Section VI CHANGES IN ORDINARY SHARES AND PARTICULARS ABOUT SHAREHOLDERS 123 Section VII PREFERENCE SHARES 134 Section VIII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT AND EMPLOYEES 135 Section IX CORPORATE GOVERNANCE 191 Section X CORPORATE BONDS 233 Section XI FINANCIAL REPORT 242 Section XII DOCUMENTS AVAILABLE FOR INSPECTION 243 Section XIII INFORMATION DISCLOSURES OF SECURITIES COMPANY 244 IMPORTANT NOTICE The Board, the Supervisory Committee, Directors, Supervisors and senior management of the Company warrant the truthfulness, accuracy and completeness of contents of this annual report (the “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 Report was considered and approved at the seventh meeting of the seventh session of the Board. All the Directors of the Company attended the Board meeting. None of the Directors or Supervisors has made any objection to this Report. Deloitte Touche Tohmatsu (Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu Certified Public Accountants LLP (Special General Partnership)) have audited the annual financial reports of the Company prepared in accordance with PRC GAAP and IFRS respectively, and issued a standard and unqualified audit report of the Company. All financial data in this Report are denominated in RMB unless otherwise indicated.
    [Show full text]
  • China During the Tang-Song Interregnum, 878–978
    China during the Tang-Song Interregnum, 878–978 This book challenges the long-established structure of Chinese history around dynasties, adopting a more “organic” approach which emphasises cultural and economic trends that transcend arbitrary dynastic boundaries. It argues that with the collapse of the Tang court and northern control over the holistic empire in the last decades of the ninth century, the now-autonomous kingdoms that filled the political vacuum in the south responded with a burst of innovative energy that helped set the stage for the economic and cultural transformations of the following Song dynasty. Moreover, it argues that these transformations and this economic and cultural innovation deeply affected the subsequent model of holistic empire which continues right up to the present and that therefore the interregnum century of division left a critically important legacy. Hugh R. Clark is Professor Emeritus of History and East Asian Studies at Ursinus College, Pennsylvania Asian States and Empires Edited by Peter Lorge, Vanderbilt University For a full list of available titles please visit: https://www.routledge.com/Asian- States-and-Empires/book-series/SE900. The importance of Asia will continue to grow in the twenty-first century, but remarkably little is available in English on the history of the polities that constitute this critical area. Most current work on Asia is hindered by the extremely limited state of knowledge of the Asian past in general, and the history of Asian states and empires in particular. Asian States and Empires is a book series that will provide detailed accounts of the history of states and empires across Asia from earliest times until the present.
    [Show full text]
  • Results Announcement for the Year Ended December 31, 2020
    (GDR under the symbol "HTSC") RESULTS ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 The Board of Huatai Securities Co., Ltd. (the "Company") hereby announces the audited results of the Company and its subsidiaries for the year ended December 31, 2020. This announcement contains the full text of the annual results announcement of the Company for 2020. PUBLICATION OF THE ANNUAL RESULTS ANNOUNCEMENT AND THE ANNUAL REPORT This results announcement of the Company will be available on the website of London Stock Exchange (www.londonstockexchange.com), the website of National Storage Mechanism (data.fca.org.uk/#/nsm/nationalstoragemechanism), and the website of the Company (www.htsc.com.cn), respectively. The annual report of the Company for 2020 will be available on the website of London Stock Exchange (www.londonstockexchange.com), the website of the National Storage Mechanism (data.fca.org.uk/#/nsm/nationalstoragemechanism) and the website of the Company in due course on or before April 30, 2021. DEFINITIONS Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as those defined in the section headed “Definitions” in the annual report of the Company for 2020 as set out in this announcement. By order of the Board Zhang Hui Joint Company Secretary Jiangsu, the PRC, March 23, 2021 CONTENTS Important Notice ........................................................... 3 Definitions ............................................................... 6 CEO’s Letter .............................................................. 11 Company Profile ........................................................... 15 Summary of the Company’s Business ........................................... 27 Management Discussion and Analysis and Report of the Board ....................... 40 Major Events.............................................................. 112 Changes in Ordinary Shares and Shareholders .................................... 149 Directors, Supervisors, Senior Management and Staff..............................
    [Show full text]
  • University Modfilms International
    INFORMATION TO USERS This reproduction was made from a copy of a document sent to us for microfilming. While the most advanced technology has been used to photograph and reproduce this document, the quality of the reproduction is heavily dependent upon the quality of the material submitted. The following explanation of techniques is provided to help clarify markings or notations which may appear on this reproduction. 1. The sign or “target” for pages apparently lacking from the document photographed is “Missing Page(s)”. If it was possible to obtain the missing page(s) or section, they are spliced into the film along with adjacent pages. This may have necessitated cutting through an image and duplicating adjacent pages to assure complete continuity. 2. When an image on the film is obliterated with a round black mark, it is an indication of either blurred copy because of movement during exposure, duplicate copy, or copyrighted materials that should not have been filmed. For blurred pages, a good image of the page can be found in the adjacent frame. If copyrighted materials were deleted, a target note will appear listing the pages in the adjacent frame. 3. When a map, drawing or chart, etc., is part of the material being photographed, a definite method of “sectioning” the material has been followed. It is customary to begin filming at the upper left hand comer of a large sheet and to continue from left to right in equal sections with small overlaps. If necessary, sectioning is continued again-beginning below the first row and continuing on until complete.
    [Show full text]