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Annual Report 2007

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Annual Report 2007 "//6"-3&1035 二零零七年年報 Hong Kong’s Wealth of Spirit 創造財富 香港精神 Hong Kong’s Wealth of Spirit 創造財富 • 香港精神 CONTENTS 目錄 Corporate Information 公司資料 2 &RUSRUDWH3UR¿OH 公司簡介 4 &RUSRUDWH0LOHVWRQHV 公司里程碑 5 )LQDQFLDO+LJKOLJKWV 財務摘要 8 &KDLUPDQ¶V6WDWHPHQW 主席報告 10 0DQDJHPHQW'LVFXVVLRQDQG$QDO\VLV 管理層討論及分析 18 Corporate Governance Report 企業管治報告 36 'LUHFWRUV¶5HSRUW 董事會報告 65 ,QGHSHQGHQW$XGLWRU¶V5HSRUW 獨立核數師報告 106 &RQVROLGDWHG,QFRPH6WDWHPHQW 綜合收益賬 109 &RQVROLGDWHG%DODQFH6KHHW 綜合資產負債表 110 %DODQFH6KHHW 資產負債表 112 &RQVROLGDWHG6WDWHPHQWRI 綜合權益變動表 113 &KDQJHVLQ(TXLW\ &RQVROLGDWHG&DVK)ORZ6WDWHPHQW 綜合現金流量表 115 1RWHVWRWKH&RQVROLGDWHG 綜合財務報表附註 118 )LQDQFLDO6WDWHPHQWV )LQDQFLDO6XPPDU\ 財務概要 245 &RQWDFW'HWDLOV 聯絡資料 246 CORPORATE INFORMATION 公司資料 2 BOARD OF DIRECTORS 董事會 Executive Directors 執行董事 Lee Seng Huang (Chairman) 李成煌（主席） Joseph Tong Tang 唐登 Non-Executive Directors 非執行董事 Abdulhakeem Abdulhussain Ali Kamkar Abdulhakeem Abdulhussain Ali Kamkar (appointed on 19 December 2007) （於2007年12月19日委任） $PLQ5D¿H%LQ2WKPDQ Amin Rafie %in 2Whman (appointed as alternate to Abdulhakeem （於2007年12月19日委任為Abdulhakeem Abdulhussain Ali Kamkar on 19 December 2007 Abdulhussain Ali Kamkar之替任董事 and Non-Executive Director on 7 April 2008) 及於2008年4月7日委任為非執行董事） PDWULFN/HH6HQJ:HL 李成偉 Independent Non-Executive Directors 獨立非執行董事 'DYLG&UDLJ%DUWOHWW 白禮德 $ODQ6WHSKHQ-RQHV Alan SWephen Jones &DUOLVOH&DOGRZ3URFWHU Carlisle Caldow ProFWer 3HWHU:RQJ0DQ.RQJ 王敏剛 EXECUTIVE COMMITTEE 執行委員會 Lee Seng Huang (Chairman) 李成煌（主席） Joseph Tong Tang 唐登 AUDIT COMMITTEE 審核委員會 $ODQ6WHSKHQ-RQHV(Chairman) Alan SWephen Jones（主席） 'DYLG&UDLJ%DUWOHWW 白禮德 &DUOLVOH&DOGRZ3URFWHU Carlisle Caldow ProFWer 3HWHU:RQJ0DQ.RQJ 王敏剛 REMUNERATION COMMITTEE 薪酬委員會 3HWHU:RQJ0DQ.RQJ(Chairman) 王敏剛（主席） 'DYLG&UDLJ%DUWOHWW 白禮德 $ODQ6WHSKHQ-RQHV Alan SWephen Jones &DUOLVOH&DOGRZ3URFWHU Carlisle Caldow ProFWer RISK MANAGEMENT COMMITTEE 風險管理委員會 Lee Seng Huang (Chairman) 李成煌（主席） Joseph Tong Tang (Alternate Chairman) 唐登（替任主席） 3DWULFN3RRQ0R<LX 潘慕堯 7KRPDV%HQQLQJWRQ+XOPH 韓滔文 7RQ\/HXQJ.LQJ<XHQ 梁景源 COMPANY SECRETARY 公司秘書 +HVWHU:RQJ/DP&KXQ 黃霖春 Sun Hung Kai & Co. Limited 新鴻基有限公司 Annual Report 年報 2007 AUDITOR 核數師 3 'HORLWWH7RXFKH7RKPDWVX 德勤‧關黃陳方會計師行 SOLICITORS 律師 0DOOHVRQV6WHSKHQ-DTXHV 萬盛國際律師事務所 3&:RR &R 胡百全律師事務所 :KLWH &DVH 偉凱律師事務所 )UHG.DQ &R 簡家驄律師行 3DXO+DVWLQJV 普衡律師事務所 5LFKDUGV%XWOHULQ$VVRFLDWLRQZLWK5HHG6PLWK//3 齊伯禮律師行禮德律師行聯營行 BANKERS 銀行 6WDQGDUG&KDUWHUHG%DQN +RQJ.RQJ /LPLWHG 渣打銀行（香港）有限公司 %DQNRI&KLQD +RQJ.RQJ /LPLWHG 中國銀行（香港）有限公司 7KH%DQNRI(DVW$VLD/LPLWHG 東亞銀行有限公司 7KH%DQNRI1HZ<RUN 紐約銀行 3XEOLF%DQN +RQJ.RQJ /LPLWHG 大眾銀行（香港）有限公司 &KLQD&RQVWUXFWLRQ%DQN $VLD &RUSRUDWLRQ/LPLWHG 中國建設銀行（亞洲）股份有限公司 '%6%DQN +RQJ.RQJ /LPLWHG 星展銀行（香港）有限公司 )XERQ%DQN +RQJ.RQJ /LPLWHG 富邦銀行（香港）有限公司 :LQJ+DQJ%DQN/LPLWHG 永亨銀行有限公司 ,QGXVWULDODQG&RPPHUFLDO%DQNRI&KLQD $VLD /LPLWHG 中國工商銀行（亞洲）有限公司 &KRQJ+LQJ%DQN/LPLWHG 創興銀行有限公司 %DQNRI&RPPXQLFDWLRQV&R/WG+RQJ.RQJ%UDQFK 交通銀行有限公司（香港分行） &,7,&.D:DK%DQN/LPLWHG 中信嘉華銀行有限公司 6FRWLDEDQN +RQJ.RQJ /LPLWHG 加拿大豐業銀行（香港）有限公司 (DVW:HVW%DQN+RQJ.RQJ%UDQFK 華美銀行，香港分行 2YHUVHD&KLQHVH%DQNLQJ&RUSRUDWLRQ/LPLWHG 華僑銀行，香港分行 +RQJ.RQJ%UDQFK REGISTRAR 過戶登記處 7ULFRU6HFUHWDULHV/LPLWHG 卓佳秘書商務有限公司 WK)ORRU7HVEXU\&HQWUH 香港灣仔皇后大道東28號 4XHHQ¶V5RDG(DVW:DQFKDL+RQJ.RQJ 金鐘匯中心26樓 REGISTERED OFFICE 註冊辦事處 8QLWV WK)ORRU 香港中環 CITIC Tower 添美道1號 7LP0HL$YHQXH 中信大廈 &HQWUDO+RQJ.RQJ 12樓120110及1416室 WEBSITES 網址 ZZZVKNFRFRP www.shkFo.Fom ZZZVKNIFRP www.shkf.Fom www.shkonline.FRP www.shkonline.Fom Annual Report 年報 2007 Sun Hung Kai & Co. Limited 新鴻基有限公司 CORPORATE PROFILE 公司簡介 4 With its foundation dating back to 1969, Sun Hung Kai & Co. 新鴻基有限公司（「本公司」，連同其附屬公司 Limited (the “Company”, and together with its subsidiaries, 統稱「集團」）建基於1969年，現以「新鴻基金 the “Group”), which operates under the name Sun Hung Kai 融集團」之品牌經營，是香港具領導地位之非 )LQDQFLDO LV WKH OHDGLQJ QRQEDQN ¿QDQFLDO LQVWLWXWLRQ LQ +RQJ 銀行金融機構。截至2008年3月，集團管理╱ Kong. As of March 2008, it has over HK$60 billion in assets 託管╱提供建議服務的資產總值逾 600 億 under management, custody and/or advice, and more than 港元，股東應佔權益逾120億港元。本公司 HK$12 billion of attributable equity. Listed on the HKEx (Stock 於香港交易所上市（股份代號：86），市值約 Code: 86), the Company is currently capitalised at approximately 130億港元。集團聘有超過1,500名金融專業 HK$13 billion. The Group employs more than 1,500 dedicated 人才，並於香港、澳門、中國內地及新加坡 ¿QDQFLDOSURIHVVLRQDOVDQGKDVDQH[WHQVLYHEUDQFKDQGRI¿FH 60多個地點設有分行及辦事處。集團主要業 network in over 60 locations in Hong Kong, Macau, China and 務包括： Singapore. The Group’s core areas of focus include: • Wealth Management & Brokerage ‧ 財富管理及經紀服務 • Asset Management ‧ 資產管理 • Corporate Finance ‧ 企業融資 • Consumer Finance ‧ 私人財務 • Principal Investments ‧ 主要投資 :H LQWHQG WR UHPDLQ DW WKH IRUHIURQW RI WKH UHJLRQ¶V ¿QDQFLDO 我們致力保持在區內金融界的領導地位，透 services industry by maximising customer satisfaction, stakeholder 過盡力滿足客戶的需求，為股東資產增值及 value and the strength of our name; aggressively expanding our 強化集團品牌；透過持續開創新產品，提升 customer asset base through constant product innovation, service 服務質素及拓展分銷網絡，積極擴展客戶資 enhancement and the enlargement of our distribution network; 產基礎；為集團及客戶提供強大的技術支援； ensuring a strong technological base to empower us and our 以及為員工提供持續培訓及職業發展機會， FXVWRPHUVDQG¿QDOO\UHWDLQLQJDQGDWWUDFWLQJWKHEHVWWDOHQWE\ 以保留和吸引優秀人才加入。 offering continuous training and career development in a collegiate and merit-based environment. We will implement this strategy by ensuring that we remain 我們將秉承集團的主要價值觀－卓越、誠 IRFXVHG RQ RXU ¿YH JXLGLQJ SULQFLSOHV ([FHOOHQFH ,QWHJULW\ 信、謹慎、專業及創新為原則，繼續履行企 Prudence; Professionalism; and Innovation, which will play a 業策略及延續集團的成就。 crucial role in ensuring the Group’s continued success. Sun Hung Kai & Co. Limited 新鴻基有限公司 Annual Report 年報 2007 CORPORATE MILESTONES 公司里程碑 1969 Sun Hung Kai & Co. was formed by Mr. Fung King Hey, Mr. Kwok Tak Seng and Mr. Lee Shau 5 Kee. 馮景禧先生、郭得勝先生及李兆基先生創立新鴻基公司 1973 Incorporated Sun Hung Kai Securities Limited (“SHKS”). 新鴻基証券有限公司（「新鴻基証券」）成立 1975 SHKS was converted into a publicly listed company. 新鴻基証券轉為公眾上市公司 1983 Sun Hung Kai & Co. Limited (the “Company”) formed and listed on the Hong Kong Stock Exchange. 新鴻基有限公司（「本公司」）正式成立並於香港聯合交易所上市 1987 Advised Hong Kong Government in developing a contingency plan for the market crisis and contributed HK$36 million to the “Futures lifeboat facility”. 向香港政府當局建議制訂市場危機的應變計劃，並撥出3,600萬港元作為挽救期指市場所需部分融 資 1991 %HFDPHRQHRIWKH¿UVWXQGHUZULWHUVDQGDSSURYHGRYHUVHDVDJHQWVLQWKH6KDQJKDLDQG6KHQ]KHQ Stock Exchanges. 率先申請成為上海及深圳證券交易所之首批包銷商及核准海外代理人 1993 Sun Hung Kai Investment Services Limited (“SHKIS”) was approved as a B-share seat holder of the 6KDQJKDLDQG6KHQ]KHQ6WRFN([FKDQJHV. 新鴻基投資服務有限公司（「新鴻基投資」）分別在上海及深圳證券交易所獲得B股交易席位 1996 Allied Properties (H.K.) Limited (“APL”), via its wholly-owned subsidiary, acquired an approximately 33.18% equity interest in July from the Fung family. 聯合地產（香港）有限公司（「聯合地產」）於7月透過其全資附屬公司從馮氏家族收購本公司約33.18% 權益 1997 SHKIS was approved as Foreign Share Broker and Lead Underwriter by China Securities Regulatory Commission. 新鴻基投資獲中國證券監督管理委員會批准為外資股份經紀商及主承銷商 2000 6+.2QOLQHFRPZDVODXQFKHGDQGZDVDPRQJVWWKH¿UVWEDWFKRIEURNHUVRIIHULQJVWUDLJKWWKURXJK Internet-based order processing. 「鴻財網」正式成立，是首批提供「一站式」網上股票買賣服務之證券行之一 2002 (VWDEOLVKHGRXUZHDOWKPDQDJHPHQWEXVLQHVVWRRIIHU¿QDQFLDOSODQQLQJDQGZHDOWKPDQDJHPHQW services to individuals and corporate clients. 成立財富管理業務，提供個人及公司客戶財務策劃及財富管理服務 Launched our alternative investment business to introduce high-calibre alternative funds to Asian investors. 開展另類投資業務，推介高質素之另類基金給亞洲客戶 Annual Report 年報 2007 Sun Hung Kai & Co. Limited 新鴻基有限公司 CORPORATE MILESTONES 公司里程碑 6 2003 Acquired Shun Loong Holdings Limited. 收購順隆集團有限公司 2004 6XQ+XQJ.DL,QWHUQDWLRQDO%DQN>%UXQHL@/LPLWHGRI¿FLDOO\RSHQHG Sun Hung Kai International Bank [Brunei] Limited正式開業 The equity interest of APL in the Company increased to approximately 74.99% in July 2004. This currently stands at approximately 58% following share placements and subscriptions in August 2006 and November 2007 respectively. 聯合地產於本公司的股權於2004年7月增至約74.99%。於2006年8月及2007年11月分別完成股份 配售和認購後，持股量約佔58% 2005 Launched hedge fund business. 開展對沖基金業務 2006 $GRSWHGWKHEUDQGQDPH³6XQ+XQJ.DL)LQDQFLDO´LQ(QJOLVKWRJURXSRXUGLYHUVL¿HG¿QDQFLDO services businesses. 採納新的英文品牌「Sun Hung Kai Financial」以涵蓋集團多元化的金融業務 A joint venture, China Xin Yongan Futures Company Limited, was formed in Hong Kong with Zhe -LDQJ3URYLQFH<RQJDQ)XWXUHV%URNHU&RPSDQ\/LPLWHGRQHRIWKH¿UVWWKUHHIXWXUHVEURNHUDJH companies allowed to operate outside China. 與浙江省永安期貨經紀有限公司在香港成立合資公司－中國新永安期貨有限公司，永安期貨經紀有 限公司為首三間獲准於中國境外設立分公司的國內期貨經紀公司之一 Acquired UAF Holdings Limited (which owns approximately 50.91% interest in United Asia Finance Limited) in August for HK$4.33 billion, bringing the Group’s total stake in United Asia Finance Limited to approximately 58.18%. 於8月以43.3億港元收購UAF Holdings Limited（其於亞洲聯合財務有限公司擁有約50.91%權益） 後，集團於亞洲聯合財務有限公司之總股權增至約58.18% Following further acquisitions of shares in Quality HealthCare Asia Limited (“QHA”) in October 2006, QHA became a subsidiary of the Company, which currently holds approximately 51.15% equity interest in it. 於2006年10月增購卓健亞洲有限公司（「卓健」）股份後，卓健已成為本公司的附屬公司，本公司現 持有其約51.15%股權 Sun Hung Kai & Co. Limited 新鴻基有限公司 Annual Report 年報 2007 2007 /DXQFKHGZLWK$%1$052WKH¿UVWSURSHUW\GHULYDWLYHLQ$VLD3DFL¿FXVLQJ7KH8QLYHUVLW\RI+RQJ 7 Kong’s Hong Kong Island Residential Price Index. 與荷蘭銀行率先推出以香港大學香港島住宅價格指數為相關資產的亞太區地產衍生產品 Marked the start of a strategic partnership with Dubai Investment Group (“DIG”), a Dubai Group company, through the placement of 166 million shares to DIG. 與Dubai Investment Group（「DIG」; Dubai Group之成員公司）開創策略性合作關係，並向DIG配售 1.66億股股份 The assets under management of SHK Fund Management Limited reached US$870 million during the year. 新鴻基投資管理有限公司的管理資產達8.7億美元 TheFXPXODWLYHQRPLQDOYDOXHRI0LQLERQGVGLVWULEXWHGWRWKHUHWDLOSXEOLFLQ+RQJ.RQJVLQFH¿UVW launching
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