DOCSLIB.ORG

Overseas Regulatory Announcement

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Overseas Regulatory Announcement 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. (incorporated in Bermuda with limited liability) (Stock Code: 00152) (the “Company”) OVERSEAS REGULATORY ANNOUNCEMENT The document attached hereto is the 2019 Annual Results Preliminary Announcement released by Shenzhen Expressway Company Limited, a subsidiary of the Company. Hong Kong, 18 March 2020 As at the date of this announcement, the board of directors of the Company consists of Messrs. Gao Lei, Li Hai Tao, Zhong Shan Qun, Liu Jun and Hu Wei as executive directors, Messrs. Xie Chu Dao and Liu Xiao Dong as non-executive directors and Messrs. Ding Xun, Nip Yun Wing, Dr. Yim Fung, JP and Professor Cheng Tai Chiu, Edwin as independent non-executive directors. 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. 深圳高速公路股份有限公司 SHENZHEN EXPRESSWAY COMPANY LIMITED (a joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code: 00548) 2019 Annual Results Preliminary Announcement I. Important Notice 1.1 2019 Annual Results Preliminary Announcement of the Company is extracted from the full Annual Report 2019 of the Company. For detailed information, investor shall read the full Annual Report to be published on the website of SSE at http://www.sse.com.cn and HKEx at http://www.hkexnews.com.hk. All the information to accompany preliminary announcement of results for the financial year required under Appendix 16 to the Listing Rules was included in the 2019 Annual Results Preliminary Announcement published on the website of HKEx. The 2019 annual financial statements of the Company were prepared in accordance with CASBE, and also were complied with the disclosure requirements under the Hong Kong Companies Ordinance and the Listing Rules. Unless otherwise stated, the amounts stated in this announcement are in RMB. 1.2 Basic Information of the Company Type of shares A Share H Share Abbreviation Shenzhen Expressway Shenzhen Expressway Stock code 600548 00548 Listing exchanges SSE HKEx Contacts and details Secretary of the Board Securities Officer Name GONG Tao Tao GONG Xin, XIAO Wei Telephone (86) 755-8285 3331 (86) 755-8285 3338 Fax (86) 755-8285 3400 E-mail [email protected] - 1 - II. Proposed Profit Distribution The Board recommended the payment of a final dividend of RMB0.52 (proposal) (tax included) per share in cash to all shareholders (2018: RMB0.71 per share), based on the total share capital of 2,180,770,326 as at the end of 2019 and totaling RMB1,134,000,569.52. The aforesaid proposal shall be subject to approval by shareholders at the 2019 Annual General Meeting of the Company. The date of the annual general meeting, the record date for dividend payment, dividend payment procedures and payment date, and the book closure period for H Shares will be notified separately. It is expected that the dividend will be distributed on or before 21 August 2020. III. Principal Financial Data and Information of the Shareholders 3.1 Principal Financial Data During the Reporting Period, the Group recorded revenue of RMB6,185,825,000, representing a YOY increase of 6.52%. Excluding the effect of the toll revenue from the Three Projects of RMB727,802,000 for the corresponding period of last year due to the government’s repurchase in advance at the end of 2018, the comparable revenue increased by 21.78%; In 2019, the Group recorded net profit attributable to owners of the Company (“net profit”) of RMB2,499,485,000 (2018: RMB3,440,051,000), representing a YOY decrease of 27.34%. After excluding the effect of the net gains on disposal of assets of the Three Projects recognised during the corresponding period of last year, the net profit recorded a YOY increase of 30.42%. Unit: RMB Change as As at 31 Dec 2017 As at As at compared to the 31 Dec 2019 31 Dec 2018 end of last year Before After (%) adjustment adjustment Total assets 44,923,734,271.98 41,100,850,328.23 9.30 44,014,984,643.90 37,473,826,542.60 Owners’ equity attributable to owners 18,374,542,643.63 17,387,090,943.28 5.68 13,633,010,893.87 13,618,079,670.58 of the Company Change as 2017 2019 2018 compared to the last year (%) Before After adjustment adjustment Revenue 6,185,825,111.97 5,807,108,031.78 6.52 5,210,398,467.52 4,836,620,833.89 Net profit attributable to owners of the 2,499,484,975.75 3,440,050,607.33 -27.34 1,383,988,489.41 1,426,402,801.01 Company Net profit attributable to owners of the Company - excluding 2,243,627,358.26 1,537,875,136.33 45.89 1,472,409,216.13 1,468,896,951.98 non-recurring items Net cash flows from operating activities 1,751,428,675.07 3,222,228,582.62 -45.65 2,975,225,227.75 2,660,705,790.47 Return on equity - Decrease 8.71 weighted average 14.14 22.85 9.47 10.88 (%) pct.pt Earnings per share - basic (RMB/share) 1.146 1.577 -27.34 0.635 0.654 Earnings per share - diluted (RMB/share) 1.146 1.577 -27.34 0.635 0.654 Due to the change of accounting policy and the consolidation of Coastal Company into the Group as a jointly controlled entity since February 2018, the Company adjusted the data of consolidated financial statements prior to 2018 retrospectively pursuant to relevant requirements under the Accounting Standards for Business Enterprises. For details, please refer to the relevant content in Note III\34 and Note VI of 2018 Annual Report. - 2 - 3.2 Information of the Total Number of Shareholders and the Top Ten Shareholders As at the end of the Reporting Period, based on the shareholders’ registers provided by the share registrars and the transfer offices of the Company in the PRC and Hong Kong, the information of the total number of shareholders and the top ten shareholders of the Company were as follows: Unit: share The Company had 17,933 shareholders in total, including 17,700 holders of A Shares Total number of shareholders as at the end of 2019 and 233 holders of H Shares. Total number of shareholders as at the end of the last The Company had 22,394shareholders in total, including 22,161 holders of A Shares month prior to the Reporting Date and 233holders of H Shares. Top ten shareholders as at the end of 2019 Number of restricted Number of Number of Name of shareholder Nature of shareholders Percentage circulating shares shares pledged shares held held or frozen HKSCC NOMINEES LIMITED(1) Overseas legal person 33.47% 729,925,099 － Unknown Xin Tong Chan Development State-owned 30.03% 654,780,000 － None (Shenzhen) Company Limited legal person Shenzhen Shen Guang Hui Highway State-owned 18.87% 411,459,887 － None Development Company legal person China Merchants Expressway State-owned Network & Technology Holdings 4.00% 87,211,323 － None legal person Company Limited Guangdong Roads and Bridges State-owned Construction Development 2.84% 61,948,790 － None legal person Company Limited Hong Kong Central Clearing Domestic non-state-owned 2.05% 44,657,051 － Unknown Company Limited legal person PICC Property and Casualty Domestic non-state-owned Company Limited – 0.56% 12,161,143 － Unknown legal person Tradition-Return Portfolio AU SIU KWOK Overseas natural person 0.50% 11,000,000 － Unknown Domestic non-state-owned National Social Security Fund 105 0.42% 9,209,078 － Unknown legal person China Merchants Bank-SSE Domestic non-state-owned Dividend Trading Open Index 0.26 % 5,672,397 － Unknown legal person Securities Investment Fund XTC Company and SGH Company are connected persons under the same control of Shenzhen Connected relationship or International. In addition to the above associations, there is no connected relationship among the concerted action relationship state-owned shareholders in the above table. The Company did not notice any connected relationship among the abovementioned among the other abovementioned shareholders or any connected relationship among the abovementioned shareholders state-owned shareholders and other shareholders. Note: The H Shares held by HKSCC NOMINEES LIMITED were held on behalf of various clients. 3.3 The Ownership and the Relation of Control between the Company and the De-facto Controller State-owned Assets Supervision and Administration Commission of Shenzhen Municipal People’s Government 100% Shenzhen Investment Holdings Company Limited 100% Ultrarich International Limited 44.04% Shenzhen International Holdings Limited 100% 100% 100% Xin Tong Chan Shenzhen Shen Development Guang Hui Highway Advance Great Limited (Shenzhen) Development Company Limited Company Limited 2.669% 30.025% 18.868% (H Shares) (A Shares) (A Shares) Shenzhen Expressway Company Limited - 3 - IV. Report of the Directors In order to achieve the Company’s strategic goal of transformation and upgrading, in addition to upgrading and consolidating the core business of toll highway, the Group adheres to a market-oriented, specialised and industrialised approach to continuously adjust and integrate its internal organisational structure and functions.
Load more

Recommended publications
  • INTERIM REPORT 2019 3 Business Review
    SHENZHEN INVESTMENT HOLDINGS BAY AREA DEVELOPMENT COMPANY LIMITED (incorporated in the Cayman Islands with limited liability) Stock Codes: 737 (HKD counter) & 80737 (RMB counter) 2019 Guangzhou INTERIM REPORT Huizhou Dongguan Foshan Jiangmen Shenzhen Zhongshan Hong Kong Zhuhai Macao AboutsAbout Us Us Shenzhen Investment Holdings Bay Area Development Company Limited (formerly known as Hopewell Highway Infrastructure Limited) (the “Company”) (stock codes: 737 (HKD counter) and 80737 (RMB counter)), listed on the Stock Exchange since August 2003, adopts development strategies focusing on the infrastructure and correlated business within the Guangdong-Hong Kong-Macao Greater Bay Area. Shenzhen Investment Holdings Company Limited, a corporation wholly-owned by Shenzhen Municipal State-owned Assets Supervision and Administration Commission, became the ultimate parent company of the Company on 4 April 2018. Contents 2 Business Review 13 Financial Review 22 Interim Dividend 23 Other Information 28 Report on Review of Condensed Consolidated Financial Statements 29 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 30 Condensed Consolidated Statement of Financial Position 31 Condensed Consolidated Statement of Changes in Equity 32 Condensed Consolidated Statement of Cash Flows 33 Notes to the Condensed Consolidated Financial Statements 43 Appendix – Unaudited Condensed Consolidated Financial Information (Prepared under Proportionate Consolidation Method) 45 5-Year Financial Summary 48 Glossary 51 Corporate Information 52 Financial Calendar BUSINESS REVIEW General Business Performance Aggregate average daily toll revenue generated by the GS Superhighway and the GZ West Superhighway (also known as the “Western Delta Route”) in the first half of 2019 amounted to RMB12.69 million, largely flat YoY as compared to the corresponding period last year, whereas the total toll revenue was RMB2.296 billion.
    [Show full text]
  • Bay to Bay: China's Greater Bay Area Plan and Its Synergies for US And
    June 2021 Bay to Bay China’s Greater Bay Area Plan and Its Synergies for US and San Francisco Bay Area Business Acknowledgments Contents This report was prepared by the Bay Area Council Economic Institute for the Hong Kong Trade Executive Summary ...................................................1 Development Council (HKTDC). Sean Randolph, Senior Director at the Institute, led the analysis with support from Overview ...................................................................5 Niels Erich, a consultant to the Institute who co-authored Historic Significance ................................................... 6 the paper. The Economic Institute is grateful for the valuable information and insights provided by a number Cooperative Goals ..................................................... 7 of subject matter experts who shared their views: Louis CHAPTER 1 Chan (Assistant Principal Economist, Global Research, China’s Trade Portal and Laboratory for Innovation ...9 Hong Kong Trade Development Council); Gary Reischel GBA Core Cities ....................................................... 10 (Founding Managing Partner, Qiming Venture Partners); Peter Fuhrman (CEO, China First Capital); Robbie Tian GBA Key Node Cities............................................... 12 (Director, International Cooperation Group, Shanghai Regional Development Strategy .............................. 13 Institute of Science and Technology Policy); Peijun Duan (Visiting Scholar, Fairbank Center for Chinese Studies Connecting the Dots ..............................................
    [Show full text]
  • Annual Report 2019 Annual Report 2019 3
    CONTENTS Five Years Financial Summary 2 Report of the Directors 74 Financial Highlights 3 Independent Auditor’s Report 81 Corporate Profile 4 Consolidated Income Statement 86 Location Maps of Projects 6 Consolidated Statement of Comprehensive Income 87 Chairman’s Statement 14 Consolidated Balance Sheet 88 Management Discussion and Analysis 22 Consolidated Statement of Cash Flows 90 Investor Relations Report 56 Consolidated Statement of Changes in Equity 91 Directors’ Profiles 59 Notes to the Consolidated Financial Statements 93 Corporate Governance Report 62 Corporate and Investor Relations Information 182 Yuexiu Transport Infrastructure Limited Yuexiu Transport Infrastructure Limited 2 Annual Report 2019 Annual Report 2019 3 FIVE YEARS FINANCIAL SUMMARY INCOME STATEMENT Year ended 31 December (RMB’000) 2019 2018 2017 2016 2015 Income from operations 3,023,221 2,847,073 2,702,844 2,519,003 2,226,023 Earnings before interests, tax, depreciation and amortisation (“EBITDA”)1 2,956,565 2,855,785 2,722,179 2,356,181 2,037,563 Profit before income tax 1,900,445 1,891,655 1,638,417 1,520,564 869,932 Profit for the year 1,595,043 1,411,681 1,267,222 1,166,477 653,022 Profit attributable to: Shareholders of the Company 1,137,590 1,054,135 947,942 918,817 532,086 Non-controlling interests 457,453 357,546 319,280 247,660 120,936 Basic earnings per share for profit attributable to the shareholders of the Company RMB0.6799 RMB0.6300 RMB0.5666 RMB0.5491 RMB0.3180 Dividend per share RMB0.3500 RMB0.3375 RMB0.2970 RMB0.2885 RMB0.2296 BALANCE SHEET As at
    [Show full text]
  • About Bank of China
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中國銀行股份有限公司 BANK OF CHINA LIMITED (a joint stock company incorporated in the People’s Republic of China with limited liability) (the “Bank”) (Stock Code: 3988 and 4619 (Preference Shares)) ANNOUNCEMENT Corporate Social Responsibility Report of Bank of China Limited for 2020 In accordance with the Chinese mainland and Hong Kong regulatory requirements, the meeting of the Board of Directors of the Bank held on 30 March 2021 considered and approved the Corporate Social Responsibility Report of Bank of China Limited for 2020. Set out below is a complete version of the report. The Board of Directors of Bank of China Limited Beijing, PRC 30 March 2021 As at the date of this announcement, the directors of the Bank are: Liu Liange, Wang Wei, Lin Jingzhen, Zhao Jie*, Xiao Lihong*, Wang Xiaoya*, Zhang Jiangang*, Chen Jianbo*, Wang Changyun#, Angela Chao#, Jiang Guohua#, Martin Cheung Kong Liao#, Chen Chunhua# and Chui Sai Peng Jose#. * Non-executive Directors # Independent Non-executive Directors Corporate Social Responsibility Report of Bank of China Limited for 2020 March 2021 1 Preface In 2020, a year unseen before, Bank of China upheld its missions as a large state-owned financial enterprise and leveraged its advantages of globalisation and integration to contribute to the people’s well-being and serve the social development.
    [Show full text]
  • Group-Owned Brands Guangdong Provincial Communication Group Co., Limited 2019
    Group-owned brands Guangdong Provincial Communication Group Co., Limited 2019 Guangdong Provinicial Guangdong Expressway Yueyun Transportation Guangdong-Hong Kong Communication Group Co., Ltd. Pass App Yuexing App Bus Cross-the-Border WeChat Public Account WeChat Public Account WeChat Public Account WeChat Public Account Designer: Guangdong Highway Media Co. Ltd. About this Report To improve readability and for ease of writing, we have used terms such as Provincial Communication Group, the Group, the Company and We interchangeably in this report. English translation for the Group's name is GUANGDONG PROVINCIAL COMMUNICATION GROUP CO., LTD. Quality Assurance Processes About this Edition and Procedures By releasing and distributing questionnaires on our This report is the ninth annual Corporate Social official website, we had better communication with our Responsibility (CSR) report published by Guangdong stakeholders, helping them fully understand our business Provincial Communication Group Co., Ltd. goals as well as needs and expectations of interested parties, which allows the Group to better assume its social responsibilities. Scope of Coverage References and Standards Communications, leading to a better life Period of This Report includes information from State-owned Assets Supervision and Administration reporting: January 1, 2019 to December 31, 2019, with Commission of the State Council some information beyond this period of time. Guiding Opinions on the Performance of Social Responsibility Scope of Guangdong Provincial Communication by Central Enterprises reporting: Group Co., Ltd, its subsidiaries and branches. Chinese Academy of Social Sciences Data Data and descriptions in this report are from Guidelines on the Formulation of Chinese Corporate Social sources: the Group's Yearbook and other official Responsibility Reports (CASS-CSR3.0) documents.
    [Show full text]
  • Hong Kong's Role in the Guangdong
    Hong Kong’s Role in the Guangdong - Hong Kong - Macao Greater Bay Area Presentation by the Honourable Mrs Carrie LAM Chief Executive of Hong Kong SAR 9 April 2019, Tokyo, Japan 1 About the Greater Bay Area Population Area: 56 000 km² GDP 71 million US$1.6 trillion Zhaoqing Guangzhou Huizhou 5% Foshan Dongguan 12% China’s Zhongshan Shenzhen China’s Population GDP Zhuhai Jiangmen Hong Kong Macao 2 About the Greater Bay Area (Cont’d) Characteristics of the Greater Bay Area • Distinctive geographical advantages – most intensive cluster of ports and airports in the world • Robust economic strength • High concentration of key factors in innovation • Advanced level of internationalisation • Solid cooperation foundations • Most important of all, systemic strengths of “One Country, Two Systems” 3 About the Greater Bay Area (Cont’d) Guangdong - Hong Tokyo Bay Area New York San Francisco Kong - Macao Metropolitan Area Bay Area Bay Area Size 56 000 km² 36 900 km² 21 500 km² 17 900 km² Population 71.1 million 44 million 20.2 million 7.7 million GDP US$1.6 Trillion US$1.8 Trillion US$1.7 Trillion US$0.8 Trillion Annual Airport 8 million tonnes 3.6 million tonnes 2.2 million tonnes 1.2 million tonnes Freight Turnover Annual Air 202 million 124 million 132.2 million 81.3 million passenger traffic Annual Port 66.5 million 7.8 million TEUs 6.3 million TEUs 2.4 million TEUs container TEUs throughput 4 Greater Bay Area Development: A National Strategy Mission • A new attempt to break new ground in pursuing opening up on all fronts • A further step in taking
    [Show full text]
  • NANSHA · GUANGZHOU · CHINA a State-Level Strategic New Zone 〮 China (Guangdong) Pilot Free Trade Zone CHINA 〮 GUANGZHOU 〮 Nansha Investment Guide
    NANSHA · GUANGZHOU · CHINA A State-Level Strategic New Zone 〮 China (Guangdong) Pilot Free Trade Zone CHINA 〮 GUANGZHOU 〮 Nansha Investment Guide CONTENTS Introduction of Nansha Investing in Nansha 02 14 Strategic Positioning Essential Procedures 03 16 Location and Transportation Investment Policies 04 18 Economy Business Directory 06 20 Main Industries Contact Us 12 Business Environment 13 Quality Living Circle NANSHA INVESTMENT Nansha Investment Guide 〮 Introduction of Nansha Nansha Investment Guide 〮 Introduction of Nansha 100km Guangzhou Huizhou Nansha Zhaoqing Beijing Foshan Dongguan 60km Tianjin Binhai 30km Bohai Economic Rim Shenzhen Jiangmen Zhongshan Hong Kong Shanghai Pudong Zhuhai Yangtze River Delta Macao Economic Rim Guangdong- A Demonstration Zone Hong Kong-Macao for Comprehensive Greater Bay Area Cooperation among Guangdong, Hong LOCATION AND Kong, and Macao TRANSPORTATION Guangzhou Nansha Nansha is located in the geographic STRATEGIC POSITIONING center of the Greater Bay Area. It is the key junction that connects the city clusters on both sides of the Nansha, a long-standing critical platform for cooperation among Guangdong Province and Pearl River and Hong Kong, Macao the two Special Administrative Regions of Hong Kong and Macao, is of substantial importance An Economic and as well. With three transportation An Urban in municipal, provincial and state level strategies. Positioned as the State-Level New Zone, Technological hubs (Qingsheng Hub, Nansha Hub, Sub-center of the Pilot Free Trade Zone, the Demonstration Zone for
    [Show full text]
  • GREATER BAY AREA: a 2030 OUTLOOK Opportunities and Challenges Over the Next Decade
    GREATER BAY AREA: A 2030 OUTLOOK Opportunities and challenges over the next decade 1 SUMMARY & RECOMMENDATIONS The Greater Bay Area (GBA) is a national initiative highlighted in the Chinese government’s 13th Five Year Plan, aiming to build a globally competitive mega-region, and by 2035, build a productivity cluster, serving as a key facilitator of the Belt and Road Initiative. The Chinese term for a mega-region, 城市群, translates to cluster of cities, and may serve as the most appropriate definition in the context of the GBA. Opportunities: While Hong Kong SAR*, Shenzhen and Guangzhou shall become the future key office clusters for the GBA, we forecast that there could be a total of 21 million sq metres of office space needed given the forecasted economic growth and the prolonged decentralisation trend. The improved connectivity of the cities’ ports, which are three of the world’s top 10 largest, should result in synergies to facilitate further growth. Challenges: The differences between the Hong Kong and Chinese economic systems, legal structure, and labour costs may become a challenge to attract the right balance of skilled labour into the GBA. Meanwhile, the cost of commuting across cities still exceeds that of intracity travel. Bridging these gaps will be crucial to unlock the untapped potential for the next stage of economic development in the GBA. Notes: *Hong Kong Special Administrative Region of the People’s Republic of China 2 The GBA comprises nine cities in the Guangdong province (Guangzhou, Shenzhen, Zhuhai, Dongguan, Huizhou, Jiangmen, Zhongshan and Foshan) as well as two Special Administrative Regions (SARs) (Hong Kong and Macau).
    [Show full text]
  • Rice Project Has Benefited 18 Countries
    Lifestyle Premium Hebei, Tianjin Evolving use to cap making Traditional Chinese medicine Fashion, photography, entertainment, of crude steel found effective on animals business, food and more... LP1­4 CHINABUSINESS, PAGE 13DAILYCHINA, PAGE 6 WEDNESDAY, April 3, 2019 www.chinadailyhk.com HK $8 Xi calls on civil affairs authorities to improve public’s livelihood Prudence By XU WEI Beijing on Tuesday. reform and innovations, better It is also important for them to tance of giving more play to the role urged amid [email protected] Xi said work related to civil assume their responsibilities in better meet the needs of the elderly, of the private sector so that services affairs is related to the public’s well­ ensuring the well­being of the pub­ those with disabilities, the sick, and such as eldercare and nurseries can President Xi Jinping called upon being and the hearts and minds of lic, improve governance at the pri­ children living in difficult circum­ blossom to enrich the supply of stock market civil affairs authorities to focus the people, and it is also fundamen­ mary level and provide basic social stances, he said, adding that basic social services and create more their efforts on meeting the tal work that extends a helping services. social services should be better jobs. requirements of poverty reduction, hand to those most in need. Premier Li Keqiang met with the developed to help the public better The premier also called for better enthusiasm special groups and matters of pub­ Party committees and govern­ participants of the national confer­ address their problems.
    [Show full text]
  • Bay Area Ip Watch
    Catalog Catalog Catalog A Hot Market_______________________________________________________________________ 1 A Complete Explanation of the 5G industry in the Greater Bay Area_______________________ 2 The Greater Bay Area Innovation Policy Focus________________________________________ 27 Innovation Policy Monitoring in the Greater Bay Area___________________________________ 47 Priority Case Monitoring in the Greater Bay Area_______________________________________60 Internet Business Innovation Patent Trends Watch Report (2019 Edition) _________________ 64 Report on Traditional Chinese Medicine Patents in Guangdong, Hong Kong and Macao ____ 75 Highlights of the IPIP's Activities_____________________________________________________ 87 Editorial Board Chief Editor：Zhang Ping Executive Editor：Joshua Y. Chang Editor： Liang Xinran, Xie Yang, Xiong Shimin, Yan Wenguang Translator：Jui-Wen Ho Page 01 BAY AREA IP WATCH Editor's Words A Hot Market Joshua Y. Chang In the process of 5G technology development, the Greater Bay Area has policies and measures to optimize the institutional design and business environment, and has been fostering a number of industry-leading institutions, thereby creating a unique advantage in influencing the world. This time, we will share with you “A Complete Explanation of the 5G industry in the Guangdong-Hong Kong-Macao Greater Bay Area”. In “Guangdong-Hong Kong-Macao Greater Bay Area Innovation Policy Focus”, we collated specific industrial policies that mainly focused on artificial intelligence, 5G, specialty finance, medicine and health, aerospace and other areas, including the introduction of talent for specific fields. We selected 21 companies involved in the internet technology sector that are most active in the Chinese market, and observed their patent application status and innovation capabilities from different perspectives. “Internet Business Innovation Patent Trends Watch Report” is worthy of your review in understanding the current issues.
    [Show full text]
  • Notice from Guangzhou Municipal Industry and Information Technology Bureau Regarding
    Guangzhou Municipal Industry and Information Technology Bureau Sui Gong Xin Han [2020] No. 10 Notice from Guangzhou Municipal Industry and Information Technology Bureau Regarding Guidelines for Exempting Low-Voltage Non-Residential External Power Cabling Projects in Guangzhou from Administrative Review and Approval To all District People's Governments (Guangzhou Aerotropolis Development District), Municipal Public Security Bureau, Municipal Planning and Natural Resources Bureau, Municipal Housing and Urban-Rural Development Bureau, Municipal Transportation Bureau, Municipal Water Authority, Municipal Forestry and Landscaping Bureau, Municipal Urban Administrative and Law Enforcement Bureau, Municipal Government Affairs Data Administration, Guangzhou Power Supply Bureau and all relevant enterprises: In order to continuously improve and optimize the business environment in Guangzhou with respect to electricity access, these Guidelines for Exempting Low-Voltage Non-Residential External Power Cabling Projects in Guangzhou from Administrative Review and Approval, based on the Implementation Measures for Further Optimizing Power Access Procedures for Business in Guangzhou (Sui Gong Xin Han [2020] No. 9) and other applicable documents, are hereby issued for your due implementation. Guangzhou Municipal Industry and Information Technology Bureau February 27, 2020 -- 1 -- Guidelines for Exempting Low-Voltage Non-Residential External Power Cabling Projects in Guangzhou from Administrative Review and Approval In order to fully implement the arrangements and requirements of the CPC Central Committee and the State Council regarding the further deepening of reforms that delegate power, improve regulation and upgrade services and the optimization of the business environment, and continuously promote improvements to the business environment, these Guidelines are hereby formulated in accordance with the Implementation Measures for Further Optimizing Power Access Procedures for Business in Guangzhou (SGXH [2020] No.
    [Show full text]
  • Plmr China Briefing the Greater Bay Area: Backgrounder July 2019 Plmr China Briefing the Greater Bay Area: Backgrounder
    PLMR CHINA BRIEFING THE GREATER BAY AREA: BACKGROUNDER JULY 2019 PLMR CHINA BRIEFING THE GREATER BAY AREA: BACKGROUNDER In our sixth China Report we look at the plans and outlook for the Greater Bay Area (GBA). Like the rest of China, the GBA has seen a dramatic transformation in the past forty years. In the late 1970s, then known as the Pearl River Delta, it was best known as being ‘the world’s factory’ leading the world in low cost manufacturing. It is now a highly productive, agile and competitive district for advanced manufacturing and research and development. Huge investment in the overall infrastructure and an ambitious Five-Year Plan could see it become one of the most important coastal areas in the world. When Deng Xiaoping’s reforming leadership began in 1978 China lagged its economically booming neighbours such as South Korea and Japan. Since then decades of robust growth has seen China become the second richest country on Earth. Development in the Greater Bay Area forms part of China’s growth plans for the next decades. Britain’s history with China is long, close and occasionally fractious. However, since the turn of the century China has been an increasingly important trading partner for the United Kingdom. China is now the UK’s sixth largest trading partner accounting for around 6% of exports, rising to nearly 8% with the inclusion of Hong Kong. As the UK for the first time in more than a generation is focussing on trade outside of Europe it is hoped that this figure will rise.
    [Show full text]