DOCSLIB.ORG

Acesite Mansion – Zhuhai (珠海-玖龙玺) Stirling Residences – Singapore (新加坡-尚景苑）

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Acesite Mansion – Zhuhai (珠海-玖龙玺) Stirling Residences – Singapore (新加坡-尚景苑） Logan Property Holdings Company Limited 2019 Interim Results Presentation August 2019 1 I Results Highlights II Land Bank Contents III Regional Penetration IV Outlook & Urban Renewal 2 I Results Highlights II Land Bank Contents III Regional Penetration IV Outlook & Urban Renewal 3 Key Highlights: Interim Results 2019 1 Core Profit1RMB4.67bn（+59%） 4 Urban Renewal projects with saleable resources Core Profit RMB1.8bn from Urban Renewal of RMB325bn, Core Profit Margin 15%-20%, Sustained Solid Business Urban Renewal: new driver for continuous earnings growth Core Earning GP Margin 34.8%，Core Profit Margin 17.3%， New Growth Urban Renewal business to contribute 10%-20% Growth leading the market sustainably Engine of Core Profit in the future 2 Contract Sales RMB45.3bn（+28%） 5 Completion of 2019 Contract Sales Target will Completed 53% Achieved 53% of 2019 Contract Sales Target High lock in 80% of our expected revenue in 2020. We Confident to outperform 2019 Contract Sales expect Core Profit to grow steadily in 2020 & Annual Sales Earnings Target 2021 Target Visibility As at 30 Jun 2019, weighted average cost of 6 borrowings 6.1% Diversified Financing Channels including USD 3 Interim Dividend of HK38 cents（+36%） Low-cost, Stable High Payout Ratio : 40% of Core Profit attributable Multiple Financing Senior Notes, Offshore Syndicated Loans, Dividend Payout to equity shareholders Channels, Prudent Onshore Corporate Bonds & ABS, etc. Financial Policy Cash on Hand RMB38.3bn, Net Gearing 65.4%, Continuous optimization of Debt Structure, Early Redemption of USD260mn 7.7% senior notes Note 1: Core Profit: Excluding changes in fair value of investment properties and derivative financial instruments and the relevant deferred tax 4 Continued Steady Growth in Contract Sales Contract Sales GFA1 Contract Sales ASP of Contract Sales2 (‘000 sq.m.) (RMB mn) 45,311 (RMB per sq.m.) 3,392 +27.7% 2.1% 9.0% 17,096 +85.9% 16,008 35,471 45.8% 44.4% 44.4% 13,186 1,825 53.2% 17.5% 19,310 1,191 24.2% 29.6% 37.7% 27.8% 11.6% 17.0% 23.1% 22.8% 43.1% 27.6% 12.9% 19.8% 6.8% 8.9% 3.2% 35.4% 2.1% 33.5% 13.0% 0.9% 8.2% 5.9% 2.3% 2.2% 3.9% 1.2% 1.8% 2.9% 1H2017 1H2018 1H2019 1H2017 1H2018 1H2019 Shenzhen Region 138 320 71 Shenzhen Region 5,714 18,879 4,072 GBA (Excluding GBA (excluding 43.6% 275 442 49.7% 1,507 4,404 6,032 20,139 Shenzhen) Shenzhen) Nanning Region 329 786 1,279 Nanning Region 2,490 7,024 12,603 Shantou Region 422 237 303 Shantou Region 6,465 2,909 3,059 Yangtze River Yangtze River - - 70 - - 1,439 Delta Delta FY2017 FY2018 1H2019 Singapore - - 31 Singapore - - 2,681 Other Regions 27 40 131 Other Regions 237 627 1,318 Note 1: Contracted GFA excluding the area of car parking portion. Note 2: ASP excluding car parking portion. 5 Note 3: Sources: Shenzhen Home, EH Consulting & Internal Statistical Figures Recognized Sales of Property Development Recognized GFA1 Recognized Sales2 ASP of Recognized Sales3 (‘000 sq.m.) (RMB mn) 17,776 1,091 0.5% +24.3% ASP of Recognized Sales（RMB） 45.8% 893 14,303 25,000 38.2% 12,794 54.6% 739 22.2% 4.9% 24.1% 21,901 6.9% 20,000 19,655 46.3% 16.2% 27.6% 60.1% 51.8% 8.0% 24.1% 15,000 38.1% 37.9% 11,730 16.4% 36.6% 9.0% 14.5% 10,000 15.7% 12.2% 14.3% 7.0% 0.9% 6.5%0.3% 0.1% 4.2% 0.8% 43.6% 1H2017 1H2018 49.7%1H2019 1H2017 1H2018 1H2019 Shenzhen Region 6 51 198 Shenzhen Region 633 3,449 9,706 5,000 Other Regions in Other Regions in 416 444 246 5,915 7,400 4,284 GBA GBA Nanning Region 177 121 339 Nanning Region 1,028 1,294 2,579 - Shantou Region 416 116 109 Shantou Region 4,678 2,043 1,158 FY2017 FY2018 1H2019 Other Regions 76 7 1 Other Regions 540 117 49 Note 1: Recognized GFA excludes area for car parking spaces. Note 2: Recognized Sales are tax inclusive. 6 Note 3: ASP of Recognized Sales excludes car parking spaces. Industry-leading Profitability; Sustained High Quality Growth Revenue Profit Margin Core Profit1 （RMB mn） Gross Profit Margin （RMB mn） Core Profit Margin 34.8% 34.4% 33.7% 10,000 48,000 44,137 42,000 30% 8,000 7,654.7 36,000 30,000 27,690 27,022 6,000 20% + 59% 16.7% 17.3% 17.3% 24,000 4,620.0 4,671.5 20,539 4,000 18,000 15,154 2,937.9 12,382 10% 2,552.6 12,000 2,000 6,363 6,000 0 0% 0 2016 2017 2018 2019 2017 2018 1H2019 2017 2018 1H2019 1H FY 1H FY Note 1: Core Profit: Excluding changes in fair value of investment properties and derivative financial instruments and the relevant deferred tax 7 Attractive & Stable Dividend Pay-out DPS Dividend Pay-out Ratio1 （HK cents） Interim Dividend Final Dividend Final/Interim Dividend Special Dividend Special Dividend 140 50% 10.0% 120 40% 5.0% 5.0% 100 80 30% 15 60 20% 40.0% 40.0% 33.1% 35.0% 35.0% 40 5 40 25.0% 17 10% 3 20 38 22 19 20 0 0% 2016 2017 2018 2019E 2020E 2021E 2014 2015 2016 2017 2018 1H2019 Note 1: Dividend Payout Ratio = Dividend / Core Profit attributable to equity shareholders 8 Diversified Financing Channels, Prudent Financial Policies Cash on Hand RMB38.3bn, Cash Coverage Ratio>2.0X Debt Structure Debt Maturity Offshore Onshore Bank Senior Notes Loans 29% Within One 29% Year 24% Two to Five Weighted Average Years 43% Cost of Borrowings 6.1% Offshore Bank One to Two Loans 12% Onshore Total Borrowings: Years 33% Corporate RMB65.27bn Onshore:59% Bonds 30% Offshore:41% 9 Diversified Financing Channels, Prudent Financial Policies Net Gearing Weighted Average Cost of Borrowings 10% 80% 71.4% 8.8% 65.7% 67.9% 9% 70% 63.2% 65.4% 58.4% 8% 6.8% 60% 7% 6.1% 5.8% 6.1% 6.1% 50% 6% 40% 5% 4% 30% 3% 20% 2% 10% 1% 0% 0% 10 I Results Highlights II Land Bank Contents III Regional Penetration IV Outlook & Urban Renewal 11 Abundant premium land bank in GBA;First mover Advantage GBA Land Bank with saleable resources of RMB611.1bn, 81% of total Land Bank Shenzhen: saleable resources of RMB180.3bn; Shenzhen and Pan-Shenzhen regions : saleable resources of RMB337bn, representing 45% of total Land Bank GBA : Saleable resources of RMB611.1bn (81% of total) Other Regions Qingyuan/Yangjiang/ Hong Kong Shantou Singapore Yangtze River 13.6bn Heyuan 13.5bn 11.9bn Delta Region 2% 21.5bn 1.5% 4.4bn 29.7bn 0.5% Guangzhou/Foshan/ 4% Nanning Zhaoqing 102.1bn Shenzhen Region 180.3bn 81.3bn Saleable 11% Total Resources Saleable Resources in GBA RMB RMB 752bn 611.1bn 54.69m sq.m. Zhuhai/Zhongshan GBA 137.1bn Huizhou/Dongguan 611.1bn 156.6bn 81% 12 Optimized Land Development Cycle Land Bank Geographic Mix Land Bank GFA Regions % % （RMB bn） （mn sq.m.） Shenzhen 87.0 20% 1.9 5% Huizhou/ Dongguan 57.2 13% 5.7 16% Guangzhou/ Foshan/ 71.2 17% 7.0 20% 325bn Zhaoqing Land Bank Total Zhuhai / Zhongshan 50.5 12% 3.7 11% 57% Qingyuan / Yangjiang/ 21.5 5% 3.3 9% Saleable Resources Heyuan RMB 427bn M&A & Urban Hong Kong & Macau 13.5 3% 0.1 0.1% 752bn Renewal GBA - Subtotal 300.9 70% 21.7 61% 54.69m sqm Projects under incubation Shantou Region 29.1 7% 4.2 11% 43% Nanning Region 67.1 16% 8.1 22% Singapore 11.9 3% 0.2 1% Yangtze River Delta 4.4 1% 0.3 1% Other Regions 13.6 3% 1.4 4% Total 427.0 100% 35.9 100% 13 Continuous Expansion of GBA Land Bank through Multi-Channels Newly-acquired Land Bank in 1H2019 : RMB133.0bn, RMB47.8bn from Open Land Market 1H2019 Attributable Land Cost (Open Land Market) Attributable Other Regions Total GFA Unit Cost Yangtze River 1% Land Cost Regions Delta 5% (RMB (sq.m.) (RMB 100 mn) per sq.m.) Shenzhen 200,042 65.85 32,918 Foshan 590,106 27.83 5,979 Nanning Zhuhai 443,718 18.63 8,398 Region 30% Zhongshan 145,921 2.03 2,775 Guangzhou 165,160 21.78 13,188 GBA - Subtotal 1,544,947 136.12 10,630 Nanning Region 2,180,943 63.36 3,872 GBA 64% Yangtze River 199,914 11.22 5,613 Delta Other Regions 240,474 3.13 1,301 Total 4,166,278 213.83 6,313 14 Continued Expansion of GBA Land Bank through Multi-Channels （Urban Renewal） 1H2019 Newly-acquired saleable resources from Urban Renewal: RMB85.2bn Guangxi 11% Foshan 7% Zhuhai 33% Huizhou 6% Guangzhou 14% Dongguan 29% 15 I Results Highlights II Land Bank Contents III Regional Penetration IV Outlook & Urban Renewal 16 “Regional Penetration + Urban Renewal”Dual Engines Consistent Earnings Growth Across the Cycles Sustainable High ROE 1、Top 10 in Core Profit in China 2、ROE is continued more than 20% since listed in HKEX for 6 years 3、Consistent growth in dividends 1、Regional Penetration in GBA，Sustained Market Urban Leadership; Actively Entry in Renewal Shanghai Metropolitan Area Regional 2、First-mover Advantage & Penetration Abundant Premium Land 1、Specific opportunity in GBA， Bank Abundant Premium Land Bank from Urban Renewal 3、Benefiting from 2、Sustained industry-leading economic growth of profitability, Urban Renewal Business to Metropolitan Areas， contribute 10%-20% of Core Profit Consistent Earnings Growth annually in the future Across Cycles 17 Continuous Penetration in GBA & Shanghai Metropolitan Areas Actively Entry in Shanghai Metropolitan Area Shanghai Metropolitan Area （Entered the market in 2018, 6 projects on hand ） 1、Permanent Resident: 160mn 2、GDP: More than RMB18 Trillion 3、Sales of Commercial Housing: RMB3.6 Trillion Continuous Penetration Strategy in GBA GBA Metropolitan Area Metropolitan Area （Saleable resources in GBA : RMB611.1bn, 81% of total Land Bank） 1、Permanent Resident: 71.16mn 2、GDP: more than RMB10.9 Trillion 3、Sales of Commercial housing: RMB1.7 Trillion 18 Shenzhen: China’s pilot demonstration area; core growth engine; future global benchmark city First mover advantage, 13 Metro Property Projects in Shenzhen, with saleable resources of RMB180bn 2018: No.1 in Contract sales GFA / Units Sales in Shenzhen Shenzhen: Mid to Long Term Railway Transit Planning Acesite Castle (玖誉府) Logan City Acesite
Load more

Recommended publications
  • 4Q19 Earnings Call Presentation January 29, 2020 Forward Looking Statements
    4Q19 Earnings Call Presentation January 29, 2020 Forward Looking Statements This presentation contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, disruptions or reductions in travel, as well as in our operations, due to natural or man-made disasters, pandemics, epidemics, or outbreaks of infectious or contagious diseases such as the coronavirus originating in Wuhan, China, new development, construction and ventures, government regulation, risks relating to our gaming licenses and subconcession, fluctuations in currency exchange rates and interest rates, substantial leverage and debt service, gaming promoters, competition, tax law changes, infrastructure in Macao, political instability, civil unrest, terrorist acts or war, legalization of gaming, insurance, our subsidiaries’ ability to make distribution payments to us, and other factors detailed in the reports filed by Las Vegas Sands with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date thereof. Las Vegas Sands assumes no obligation to update such information. Within this presentation, the company may make reference
    [Show full text]
  • EDUCATION in CHINA a Snapshot This Work Is Published Under the Responsibility of the Secretary-General of the OECD
    EDUCATION IN CHINA A Snapshot This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of OECD member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Photo credits: Cover: © EQRoy / Shutterstock.com; © iStock.com/iPandastudio; © astudio / Shutterstock.com Inside: © iStock.com/iPandastudio; © li jianbing / Shutterstock.com; © tangxn / Shutterstock.com; © chuyuss / Shutterstock.com; © astudio / Shutterstock.com; © Frame China / Shutterstock.com © OECD 2016 You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgement of OECD as source and copyright owner is given. All requests for public or commercial use and translation rights should be submitted to [email protected]. Requests for permission to photocopy portions of this material for public or commercial use shall be addressed directly to the Copyright Clearance Center (CCC) at [email protected] or the Centre français d’exploitation du droit de copie (CFC) at [email protected]. Education in China A SNAPSHOT Foreword In 2015, three economies in China participated in the OECD Programme for International Student Assessment, or PISA, for the first time: Beijing, a municipality, Jiangsu, a province on the eastern coast of the country, and Guangdong, a southern coastal province.
    [Show full text]
  • The Case of Combined Cooling Heating Power CCHP in Hengqin
    Stakeholder Coordination in District Energy Systems The case of Combined Cooling, Heating, Power“CCHP”in Hengqin, Zhuhai (China) Kenny Kun Yan / Vice President Zhuhai Hengqin Energy Development Co., Ltd. 1 Contents 1 OPTIONS OPTIONS1Project Background 2 OPTIONS 3 Stakeholder Coordination OPTIONS 4 OPTIONS 5 OPTIONSOPTIONS5 Recomendations 2 Project Background . Situation of Hengqin before development: •An uncultivated island, 106 square miles. Location of Hengqin Island: a. Coastal island in the Big Bay Area, Southern China b. Walk distance to Macau c. 34 nautical miles away from Hong Kong d. Connected with Hong Kong by the famous Hong Kong-Zhuhai-Macau Bridge . Climate Conditions: a. Typical Subtropical Oceanic Climate b. Annual Average Temperature: 22.5 °C c. Highest at 38.5c in Aug. and lowest at 2.5 °C in Jan. 3 Project Background . District Positioning: a. Pilot free trade zone at the world level b. International Tourism centre c. An ecological and smart Island, complying with the National Initiative of Innovative-driven and Be Positioned as A Top-level Green Growth District Globally . Energy Supply: a. Demand for an additional Green Power Station b. The capability of instantly adjusting electric peak and load for the grid of the Big Bay Area CCHP(gas powered) Project: c. Cooling/heating in need: 30 million square An inclusive decision for the meters construction area, including commercial Green Energy Supply and municipal buildings 4 Project Description (I/II) – General aspects . Outline of CCHP General Process Flow: Oceanic Oil Field Grid Gas Steam Power Generation Station Steam Users Steam Cooling Grid CCHP Heating Energy Station End Users 5 Project Description (I/II) – General aspects .
    [Show full text]
  • China - Peoples Republic Of
    GAIN Report – CH9621 Page 1 of 25 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 11/24/2009 GAIN Report Number: CH9621 China - Peoples Republic of Post: Guangzhou Zhuhai, South China’s city of romance . and more Report Categories: Market Development Reports Approved By: Joani Dong, Director Prepared By: May Liu Report Highlights: Zhuhai is touted as a romantic city because of its seaside beauty. But the place is more than just looks and proximity to Macau and Hong Kong. It’s one of China’s five Special Economic Zones and transportation and logistic hubs. It’s where the Aviation and Aerospace Exhibition is held and last year exhibited the Shenzhou 7 orbital module, famous for the first Chinese space walk. What’s more, Zhuhai is a market for U.S. agric ultural products in the retail sector and has links in the American swine sector. Its growth in the retail, restaurant and tourism sectors point to niche opportunities for U.S. agricultural products. This tiny, yet mighty city of 1.4 million is open for business. UNCLASSIFIED USDA Foreign Agricultural Service GAIN Report – CH9621 Page 2 of 25 Includes PSD Changes: No Includes Trade Matrix: No Annual Report Guangzhou ATO [CH3] [CH] Table of Content UNCLASSIFIED USDA Foreign Agricultural Service GAIN Report – CH9621 Page 3 of 25 I. Zhuhai Overview Zhuhai is known as a romantic city, clean and attractive, young and energetic. It is a relaxing place with rich natural resources; a population mixed with Macau, Hong Kong and expat transplants; and free trade zone open policy favorable for the younger generation and trade businessmen.
    [Show full text]
  • CHINA VANKE CO., LTD.* 萬科企業股份有限公司 (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 2202)
    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. CHINA VANKE CO., LTD.* 萬科企業股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2202) 2019 ANNUAL RESULTS ANNOUNCEMENT The board of directors (the “Board”) of China Vanke Co., Ltd.* (the “Company”) is pleased to announce the audited results of the Company and its subsidiaries for the year ended 31 December 2019. This announcement, containing the full text of the 2019 Annual 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 in relation to information to accompany preliminary announcement of annual results. Printed version of the Company’s 2019 Annual Report will be delivered to the H-Share Holders of the Company and available for viewing on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and of the Company (www.vanke.com) in April 2020. Both the Chinese and English versions of this results announcement are available on the websites of the Company (www.vanke.com) and The Stock Exchange of Hong Kong Limited (www.hkexnews.hk). In the event of any discrepancies in interpretations between the English version and Chinese version, the Chinese version shall prevail, except for the financial report prepared in accordance with International Financial Reporting Standards, of which the English version shall prevail.
    [Show full text]
  • Jun TAN Zhuhai College of Jilin University, Zhuhai, Guangdong, China [email protected]
    2017 4th International Conference on Economics and Management (ICEM 2017) ISBN: 978-1-60595-467-7 A Research on Development and Influence Factors of Airport Economic Zone Construction in Zhuhai City Jun TAN Zhuhai College of Jilin University, Zhuhai, Guangdong, China [email protected] Keywords: Airport Economic Zone, Aviation Logistics, Guangdong Province, Hong Kong and Macao Bay Area. Abstract. It is clear that the construction of airport economic zone in Zhuhai city plays an important role in rapid development of Hengqin FTA and upgrading industries on the western part of Guangdong province. The advantages and the natural location in Zhuhai city can be combined with the policy called “The Belt and Road Initiative” in China by cooperating with Guangdong province, Hong Kong and Macao. With the joining of international competition, undertaking international division of labor and making a close connection, the region can push its globalization and boost local economy significantly. 1. Introduction The report of National Economic and Social Development Plan in 2017 illustrates that the NDRC (National Development and Reform Commission) will make a plan to Guangdong, Hong Kong and Macao Bay Area more quickly. As an essential city to western side of the Zhujiang River, Zhuhai has been developed rapidly since in 2016 that GDP reached 22.2636 billion RMB. Compared to last year, it increased by 8.5% where the average of salary was 22,000 dollars per year for each citizen [1]. Based on the situation, we are able to see that Zhuhai has already been admitted into developed city with high income form all over the world.
    [Show full text]
  • Hengqin International Finance Center China
    Hengqin International Finance Center China As the tower rises majestically into the sky, the tower splits into four distinct peaks that soar up from the podium at the base CoxGomyl are proud to have been selected to deliver the facade access system for this inspiring construction project on Hengqin Island in Zhuhai. A major part of the Pearl River Delta mega-region, Hengqin International Finance Centre is a physical embodiment of the exciting energy and ambition of this area and its development into a major global fi nancial centre. The tower will function as a focal point for the growing central business district. As it rises majestically 336.7 metres into the sky, the tower splits into four distinct peaks that soar up from the podium at the base. This is designed to symbolise the convergence of the major cities within the Pearl River Delta: FACTS & FIGURES Zhuhai, Macau, Hong Kong, and Shenzhen. The building design is by international practice Aedas, who are well-known for highly expressive architectural forms, and the concept goes deeper than representing the four Commencement 2018 metropolises in the region. They drew inspiration from a historic painting dating back to the thirteenth century Southern Sung Dynasty and, more importantly, the rich symbolism behind it. ‘Nine Dragons’ depicts mythological Chinese creatures known as fl ood dragons Completion 2021 which emerge commandingly from the sea. In ancient Chinese literature these magical creatures are capable of invoking storms and are often used to represent an emerging Building Height 337m power. This is an eloquent expression of the confi dence and drive in this developing fi nancial region as the building, like the dragons, rises from the waterfront.
    [Show full text]
  • 2020 Annual Report
    Contents Company Profile 2 Summary of Financial Data 7 Party Secretary’s Statement 10 President’s Statement 12 Management Discussion and Analysis 13 Changes in Share Capital and Shareholders 55 Directors, Supervisors and Senior Management 66 Corporate Governance Report 77 Report of the Board of Directors 100 Report of the Board of Supervisors 111 Major Events 119 Report on Sannong Financial Services 120 Independent Auditor’s Report 131 Financial Statements and Accompanying Notes 139 Unaudited Supplementary Financial Information 292 Definitions 295 COMPANY PROFILE I. COMPANY PROFILE (I) Official Name 1. Official Chinese Name: 廣州農村商業銀行股份有限公司 (Abbreviated as：“廣州農村商業銀行”) 2. Official English Name: Guangzhou Rural Commercial Bank Co., Ltd. (Abbreviated as “GRCB”) (II) Registered Capital: RMB9,808,268,539.00 (III) Legal representative: Mr. Cai Jian (IV) Authorized Representatives: Mr. Yi Xuefei and Mr. Ngai Wai Fung (V) Joint Company Secretaries: Ms. Zheng Ying and Mr. Ngai Wai Fung (VI) H-Share Listing Stock Exchange: The Stock Exchange of Hong Kong Limited (VII) Stock Name and Code: GRCB (1551.HK) (VIII) Offshore Preference Share Name and Code: GRCB 19USDPREF (4618.HK) (IX) Registered Address: No. 9 Yingri Road, Huangpu District, Guangzhou, PRC (X) Principal Place of Business in Hong Kong: 40th Floor, Dah Sing Financial Centre, No. 248 Queen’s Road East, Wanchai, Hong Kong (XI) Scope of Business: Monetary and financial services (XII) Contact Address: No. 1 Huaxia Road, Pearl River New Town, Tianhe District, Guangzhou, Guangdong Province, PRC
    [Show full text]
  • Guangdong-Hong Kong-Macau Greater Bay Area
    Guangdong-Hong Kong- Macau Greater Bay Area – From connectivity to integration Contents Preface 1 New impetus in the development of the Greater Bay Area 2 The Guangdong-Hong Kong-Macau Greater Bay Area 6 Quality innovation and technology platform 10 Market opening to expand further 13 A complementary network of infrastructure 16 High-quality environment for living and working 19 Eye on regional synergy 22 Guangdong-Hong Kong-Macau Greater Bay Area – From connectivity to integration | A B | Guangdong-Hong Kong-Macau Greater Bay Area – From connectivity to integration Preface The Outline Development Plan (“the Outline”) for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) was released in February 2019. With additional insights into the planning, the Outline shows the Central Government’s pledge to turn the area into a high-quality development role model by 2035. This will be done through increasing connectivity within the area, expanding its comparative advantage, reducing duplicated use of resources, and creating new growth engines through reforms. Specifically, the forthcoming policies will be focused on: • Technology and innovation: the Outline has the ambition of developing the GBA into an international technology and innovation hub. It will build on the comparative advantages of the core cities to 1) strengthen fundamental research; 2) attract international talent; 3) enhance connectivity between cities; and 4) expand new pillars and existing industries with comparative advantage. • Market opening-up: given the impact of Hong Kong’s role as an international financial center, the Outline aims to strengthen the city’s position in 1) offshore RMB business; 2) international asset management and risk management; 3) bilateral direct investment; 4) FinTech, the Belt and Road Initiative (BRI), and green financing; and 5) intellectual property arbitration.
    [Show full text]
  • China Greater Bay Area Green Infrastructure Investment Opportunities
    Green Infrastructure Investment Opportunities THE GUANGDONG-HONG KONG-MACAO GREATER BAY AREA 2021 REPORT Prepared by Climate Bonds Initiative Produced with the kind support of HSBC Executive summary In the Guangdong-Hong Kong-Macao Greater Bay Area (the GBA), which consists of nine cities in Guangdong Province and two special administrative regions, i.e., Hong Kong and Macao, the effects of climate change and the Overall infrastructure Low carbon transport risks associated with a greater than 2°C rise • A total investment of USD135bn was global temperatures by the end of the century • The major infrastructure projects in the planned in rail transit during 14th FYP. are significant due to its high exposure to natural 14th Five-Year-Plan (FYP) of Guangdong hazards and vast coastlines. Province are expected to have a total • A total mileage of about 775 km are investment of RMB5tn (USD776.9bn), of planned in the GBA, the total investment Investment in low carbon solutions will be which green infrastructure investment is about USD72.7bn. essential for mitigating climate risk and meeting is not less than RMB1.9tn (USD299bn), global emission reduction pathways under the • Hong Kong plans to spend around including rail transit, wind power, Paris Climate Change Agreement. The Outline USD3.23bn for four new infrastructure modern water conservancy, ecological Development Plan for the Guangdong-Hong projects which include a railway line. civilization construction and new Kong-Macao Greater Bay Area (the GBA Outline infrastructure construction. Plan) issued by China’s State Council also emphasises green development and ecological • Hong Kong states that the government conservation.
    [Show full text]
  • (MPS, IOM, EU) Visit to Shenzhen & Zhuhai Exit & Entry Ports 17
    EU-China Dialogue on Migration and Mobility Support Project 支持中欧人员往来和移民领域对话项目 Joint (MPS, IOM, EU) visit to Shenzhen & Zhuhai Exit & Entry Ports 17 - 18 August 2017 Summary Report IOM organized a joint visit to immigration inspection ports in Zhuhai and Shenzhen under the assistance and support of Bureau of Exit and Entry Administration (BEEA), Ministry of Public Security (MPS). The objective of this visit was to provide and showcase to European Union (EU) Member States (MS) an overview of the existing systems and policies that facilitate regular migration between mainland China and Macao, Special Administrative Region (SAR) and Hong Kong, Special Administrative Region as well as those that facilitate combatting irregular migration. The delegation included diplomatic officials from the Embassies of Estonia, Hungary, Lithuania, Slovenia and Slovakia and IOM Office in China. An official from MPS BEEA participated in this two-day visit. Zhuhai Deputy Director TAO Li of Immigration Inspection Division, Zhuhai General Station of Exit and Entry Frontier Inspection and Mr MENG Wei of Immigration Inspection Division accompanied the delegation to visit Gongbei and Hengqin immigration checkpoints. An introduction was given of the functions and procedures of e-channels, biometrics collection, services as well as a showcase of internal border controls and passengers’ flow between mainland China and Macao, China and Hong Kong, China. Zhuhai has eight immigration checkpoints including Gongbei, Jiuzhou, Hengqin, Wanzai, Gaolan, Wanshan, Doumen and Maoshengwei. As one of the two land ports that connects mainland China (via Zhuhai) to Macao SAR, Gongbei checkpoint has among the largest flow of exit and entries from mainland China mainland with opening hours from 6:00am to 1:00am (next day).
    [Show full text]
  • Chimelong Tourism Development Forum
    Chimelong Tourism Development Forum Chimelong International Conference Centre, Guangzhou, China 16 - 17 October 2019 Technical Note Background The Greater Bay Area (Guangdong-Hong Kong – Macao) initiative is a national and regional development strategy bringing together 11 cities in the Pearl River Delta. The overall aim is to create a more dynamic economic zone, a high- quality living area providing employment opportunities for the local population, including travel, in order to deepen the cooperation between mainland China, Hong Kong (China) and Macao (China). Supported by the Belt and Road Initiative, the Greater Bay Area is the fastest growing region for tourism growth in China. The Greater Bay Area initiative is expected to exert a profound impact on the development of regional tourism, opening opportunities to strengthen collaboration for national and regional tourism growth through a unified tourism brand and shared tourism data resources. The development of tourism in the Greater Bay Area will require unified planning and deployment of all stakeholders involved: from the public sector (Hong Kong SAR and Macao SAR, provincial government of Guangdong) to the private sector (including major actors such as the Guangzhou Chimelong Group). The Guangzhou Chimelong Group is China’s tourism resort development leader, building a world-class national tourism brand with its two tourist resorts - Guangzhou Chimelong Tourist Resort (Guangzhou) and Zhuhai Chimelong International Ocean Resort (Hengqin). The Zhuhai Chimelong International Ocean Resort is involved in the Hengqin New Area project in the Guangdong Province and is expected to play a significant role in boosting the local tourism sector and connected industries, having become a major destination in Zhuhai attracting about 10 million tourists per year and a new engine for the city's economic growth.
    [Show full text]