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Borderless, Boundless
Borderless, boundless. 2011 Greater China outbound M&A spotlight Chinese Services Group Contents 1 Foreword 2 Executive summary 4 Methodology 5 Greater China outbound M&A activity 12 Consumer Business & Transportation M&A activity 18 Energy & Resources M&A activity 25 Global Financial Services Industry M&A activity 30 Life Science & Health Care M&A activity 34 Manufacturing M&A activity 40 Technology, Media & Telecommunications M&A activity 46 Private equity M&A activity 54 A view from the other side - a target's perspective of a cross-border M&A deal 57 The impact of the 12th Five Year Plan on outbound M&A opportunities 60 The regulatory roundup 64 Introducing the Chinese Services Group 65 Expanding around the globe… 66 Deloitte's CSG network 67 Contacts 68 Notes Foreword Barclays, IBM, Sony, Tommy Hilfiger and Volvo - all renowned, market-leading champions in their particular fields - and all owned, or partly owned, by a business headquartered in Greater China. As the list goes on, individual names become unimportant. What is of importance is the irrefutable fact that cross-border acquisitions emanating from Greater China have grown of late, not only in stature, as the above can attest to, but also in scope and breadth. The stature of deal-making in this particular market has certainly increased over time. In 2005, less than one-out-of-five (19 percent) transactions were valued at more than US$250m. Over the first six months of 2011, this proportion rose to 27 percent, with the market's growing maturity also evident from a global standpoint. -
Politicas Publicas Arranjos Pro
Universidade Estadual de Campinas Instituto de Economia Doutorado em Economia Aplicada Políticas Públicas e o Desenvolvimento de Arranjos Produtivos Locais em Regiões Periféricas Eduardo José Monteiro da Costa Orientador: Prof. Dr. Rinaldo Barcia Fonseca Tese apresentada ao Instituto de Economia da Universidade Estadual de Campinas para a obtenção do Título de Doutor em Economia Aplicada na área de concentração de Desenvolvimento Econômico. Campinas, 10 de agosto de 2007 i Ficha catalográfica elaborada pela biblioteca do Instituto de Economia/UNICAMP Costa, Eduardo Jose Monteiro da C823p Politicas publicas e o desenvolvimento de Arranjos Produtivos Locais em regiões perifericas / Eduardo Jose Monteiro da Costa. Campinas, SP: [s.n.], 2007. Orientador: Rinaldo Barcia da Fonseca. Tese (doutorado) – Universidade Estadua l de Campinas, Instituto de Economia. 1. Politicas publicas - Brasil. 2. Desenvolvimento regional - Brasil. 4. Clusters. I. Fonseca, Rinaldo Barcia da, 1949 - II. Universidade Estadual de Campinas. Instituto de Economia. III. Título. 08 -001 -BIE Título em Inglês: Public politics and the clusters development in periferic regions. Keywords : Clusters; Public politics – Brazil; Regional development – Brazil. Área de concentração : Desenvolvimento Econômico, Espaço e Meio Ambiente. Titulação : Doutorado em Economia Aplicada. Banca examinadora : Prof. Dr. Rinaldo Barcia da Fonseca. Prof. Dr. Carlos Américo Pacheco. Prof. Dr. Carlos Antonio Brandão. Prof. Dr. Cláudio Castelo Branco Puty. Prof. Dra. Edna Castro. Data da defesa: 10/08/2006. Programa de Pós-Graduação : Economia Aplicada. ii Universidade Estadual de Campinas Instituto de Economia Doutorado em Economia Aplicada Autor: Eduardo José Monteiro da Costa Título: Políticas Públicas e o Desenvolvimento de Arranjos Produtivos Locais em Regiões Periféricas Orientador: Prof. Dr. Rinaldo Barcia Fonseca Aprovada em: 10 de agosto de 2007 EXAMINADORES: Prof. -
Clean Energy Investing: Global Comparison of Investment Returns
Clean Energy Investing: Global Comparison of Investment Returns March 2021 A Joint Report by the International Energy Agency and the Centre for Climate Finance & Investment Table of Contents 03 Executive Summary 05 Introduction 08 Analytical Methods 11 Key Investment Characteristics 14 Results 14 Global Markets 18 Advanced Economies 19 Emerging Market and Developing Economies 20 China 21 Transition Companies 22 The Covid Market Shock 24 Irrational Exuberance? 26 Conclusions 29 Acknowledgments 30 Annex A – Definition of Key Terms 32 Annex B – IEA Scenarios 33 Annex C – Fama-French Five-Factor Model 34 Annex D – Fossil Fuel Portfolio 48 Annex E – Renewable Power Portfolio 2 Executive Summary To shed light on the long-term prospects for clean energy, we investigate the historical financial performance of energy companies around the world in search of broad structural trends. This is the second in a series of joint reports by the International Energy Agency and Imperial College Business School examining the risk and return proposition in energy transitions. In this paper, we extend our coverage of publicly-traded renewable power and fossil fuel companies to the following: 1) global markets, 2) advanced economies, 3) emerging market and developing economies, and 4) China. We calculate the total return and annualized volatility of these portfolios over 5 and 10-year periods. Table 1 shows the 5 and 10-year results, up to December 31, 2020. Table 1 – Summary of Key Findings Global Markets Portfolios Advanced Economies Portfolios Fossil Fuel Renewable -
Konzept Editorial Content AS24 Textkonzept Daniel Haefeli, 12.06.2006
Konzept Editorial Content AS24 Textkonzept Daniel Haefeli, 12.06.2006 Das Konzept Editorial Content AutoScout24 zeigt auf, wie der Editorial Content auf AutoScout24 und seiner Communities beschafft, kategorisiert, verarbeitet und publiziert werden kann. Das Konzept dient als Arbeitsanleitung für den Aufbau eines CMS und soll den mit der Umsetzung beauftragten WL-Ma- nager/GateKeeper alle relevanten Punkte im Bezug auf den Editorial Content der geplanten AS24- Community aufzeigen. Ziel des Konzepts zum Editorial Content ist, dass AS24 den qualitativ und quantitativ notwendigen redaktionellen Inhalt für den Betrieb der Plattform aufbauen und aktualisiert halten kann. Das Konzept ist in folgende Teile gegliedert: 0. Basisanalyse und strategische Ableitung 1. Redaktionskonzept 2. Marketing gegenüber Quellen 3. Contentverarbeitung und Publikation 4. Kalkulation Projekt-Start und -Betrieb Das Konzept ist primär auf die gestellten Anforderungen von AS24 zugeschnitten, besitzt aber das Potenzial, um in abgeänderter Form als Guideline für den Aufbau ähnlicher Strukturen in anderen Scout24-Bereichen die redaktionelle Betreuung zu organisieren. Die Kostenrechnung für den Editorial Content wird anhand einer Modellstruktur definiert. Die tatsäch- liche Kalkulation für die Umsetzung kann jedoch aufgrund ausstehender Verhandlungen mit Partnern, Abweichungen für Sprachübersetzungen und System der Verarbeitung/Publikation erst nach einer Konsolidierungsphase detailliert definiert werden. 0. Basisanalyse + Strategie für Editorial Content AS24 Die Grundlage für den Editorial Content AS24 wird in der Basisanalyse aufgezeigt. AS24 bewegt sich mit dem Schritt zum Aufbau von Communities weiter in Richtung eigenständiges Medium. Die Beson- derheit des Internet-Marktes ist die Kombination von Marktplatz und Werbeflächen-Verkauf. Die Funk- tion von AS24 wird von den Nutzern bezahlt (C- und B-Segmente). Dazu bietet AS24 verlegerische Dienstleistungen wie Publikation, Inserate-Verkauf und die zugehörige Administration. -
ARP-Chip Pumping Stations
ARP-Chip Pumping Stations 1 Chip Pumping Station SP 250 Drives and Performance Throughput Up to 250 litres / min Pump Screw-type centrifugal pump 1,5 kW Fitting for pump 2“ Raker Drive Spur wheel back-geared motor 0,15 kW; 57 rpm Dimensions and Weights Overall external dimensions L x W x H 1096 x 1096 x 302 mm Inner tank Ø x H 1020 x 270 mm Maximum capacity of inner tank 200 l Feed height without cutting unit At least 300 mm - Feed opening length x width Variable up to a maximum of 500 x 500 mm Feed height with ZW 400 At least 702 mm + hopper (variable) Feed height with EZ 4 recessed At least 312 mm + Trichter (variable) Feed fl ange DN 100 No. of rakers 4 Net weight Approx. 300 Kg Other Information Cutting units on carriage ZW 300, ZW 400, EZ 4 Integrable cutting units ZW 300 Level measurement „Pump On-Off“ With ultrasonic sensor Level measurement „WHG-Overfull“ With fl uid level limit switch 2 Chip Pumping Station SP 500 Drives and Performance Throughput Up to 500 litres / min Pump Screw-type centrifugal pump 4,0 kW Fitting for pump 2“ Raker Drive Spur wheel back-geared motor 0,15 kW; 57 rpm Dimensions and Weights Overall external dimensions L x W x H 1436 x 1531 x 301 mm Inner tank Ø x H 1020 x 270 mm Maximum capacity of inner tank 350 l Feed height without cutting unit At least 300 mm - Feed opening length x width Variable up to a maximum of 500 x 500 mm Feed height with ZW 400 At least 702 mm + hopper (variable) Feed height with EZ 4 recessed At least 312 mm + Trichter (variable) Feed fl ange DN 100 No. -
FTSE Publications
2 FTSE Russell Publications FTSE Developed Asia Pacific ex 19 August 2021 Japan ex Controversies ex CW Index Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) a2 Milk 0.1 NEW CJ Cheiljedang 0.1 KOREA GPT Group 0.22 AUSTRALIA ZEALAND CJ CheilJedang Pfd. 0.01 KOREA Green Cross 0.05 KOREA AAC Technologies Holdings 0.16 HONG KONG CJ Corp 0.04 KOREA GS Engineering & Construction 0.07 KOREA ADBRI 0.04 AUSTRALIA CJ ENM 0.05 KOREA GS Holdings 0.06 KOREA Afterpay Touch Group 0.61 AUSTRALIA CJ Logistics 0.04 KOREA GS Retail 0.04 KOREA AGL Energy 0.12 AUSTRALIA CK Asset Holdings 0.5 HONG KONG Guotai Junan International Holdings 0.01 HONG KONG AIA Group Ltd. 4.6 HONG KONG CK Hutchison Holdings 0.64 HONG KONG Haitong International Securities Group 0.02 HONG KONG Air New Zealand 0.02 NEW CK Infrastructure Holdings 0.11 HONG KONG Hana Financial Group 0.36 KOREA ZEALAND Cleanaway Waste Management 0.08 AUSTRALIA Hang Lung Group 0.07 HONG KONG ALS 0.14 AUSTRALIA CLP Holdings 0.5 HONG KONG Hang Lung Properties 0.15 HONG KONG Alteogen 0.06 KOREA Cochlear 0.37 AUSTRALIA Hang Seng Bank 0.44 HONG KONG Altium 0.09 AUSTRALIA Coles Group 0.5 AUSTRALIA Hanjin KAL 0.04 KOREA Alumina 0.1 AUSTRALIA ComfortDelGro 0.08 SINGAPORE Hankook Technology Group 0.1 KOREA Amcor CDI 0.54 AUSTRALIA Commonwealth Bank of Australia 4.07 AUSTRALIA Hanmi Pharmaceutical 0.06 KOREA AmoreG 0.05 KOREA Computershare 0.21 AUSTRALIA Hanmi Science 0.03 KOREA Amorepacific Corp 0.21 KOREA Contact Energy 0.14 NEW Hanon Systems 0.07 KOREA Amorepacific Pfd. -
Using Incidental Intellectual Property Rights to Block Parallel Imports
Scholarly Commons @ UNLV Boyd Law Scholarly Works Faculty Scholarship 2013 Wag the Dog: Using Incidental Intellectual Property Rights to Block Parallel Imports Mary LaFrance University of Nevada, Las Vegas -- William S. Boyd School of Law Follow this and additional works at: https://scholars.law.unlv.edu/facpub Part of the Intellectual Property Law Commons, and the International Trade Law Commons Recommended Citation LaFrance, Mary, "Wag the Dog: Using Incidental Intellectual Property Rights to Block Parallel Imports" (2013). Scholarly Works. 1184. https://scholars.law.unlv.edu/facpub/1184 This Article is brought to you by the Scholarly Commons @ UNLV Boyd Law, an institutional repository administered by the Wiener-Rogers Law Library at the William S. Boyd School of Law. For more information, please contact [email protected]. WAG THE DOG: USING INCIDENTAL INTELLECTUAL PROPERTY RIGHTS TO BLOCK PARALLEL IMPORTS Mary LaFrance* Cite as: Mary LaFrance, Wag the Dog: Using Incidental Intellectual Property Rights to Block ParallelImports, 20 MICH. TELECOMM. & TECH. L. REv. 45 (2013). This manuscript may be accessed online at repository.1aw.umich.edu. Federal law grants owners of intellectual property rights different de- grees of control over parallel imports depending on the nature of their exclusive rights. While trademarkowners enjoy strong control over un- authorized imports bearing their marks, theirprotection is less compre- hensive than that granted to owners of copyrights and patents. To broaden their rights, some trademark owners have incorporatedcopy- righted material into their products or packaging, enabling them to block otherwise lawful imports in contravention of the policies underly- ing trademark law. A 2013 Supreme Court decision has significantly narrowed the importation ban of copyright law, but there may be pres- sure to reinstate it. -
Depleted Oil Field Is Window Into China's Corruption Crackdown
CHINA An $85 million deal involving three blocks in southern Sumatra and a Chinese oil giant is under investigation. Depleted oil field is window into China’s corruption crackdown BY CHARLIE ZHU, DAVID LAGUE AND FERGUS JENSEN SPECIAL REPORT 1 CHINA CORRUPTION CRACKDOWN LIMAU, INDONESIA, DECEMBER 19, 2014 n a muddy clearing in southern Sumatra, a portable diesel power plant hammers Iaway alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. It was much easier to extract cash from a state-owned Chinese oil giant. A subsidiary of China National Petroleum Corporation (CNPC), PetroChina Daqing Oilfield, paid $85 million to pump from three blocks in the ageing Limau field un- der a 2013 contract with Indonesia’s state- owned oil company, Pertamina, according to senior Chinese oil industry officials with knowledge of the transaction. Today, the three Limau blocks squeeze PETRO PURGE: At least a dozen former top managers at China National Petroleum Corporation have out less than three percent of the oil been arrested as part of President Xi Jinping’s anti-corruption drive. Zhou Yongkang (below), a former pumped when output peaked in the 1960s. CNPC boss and rival to Xi, faces charges of corruption and leaking state secrets. A wellhead atop the When PetroChina Daqing announced the depleted Limau field in Indonesia (cover). REUTERS/BOGDAN CRISTEL/JASON LEE/FERGUS JENSEN deal, it didn’t disclose the seller, the price or any other financial details. “We all know it is a ridiculous invest- ment, but I have no idea where the mon- ey has actually ended up,” says a senior billion Chinese oil industry official who has seen $25 The amount that CNPC spent on budget figures for the Limau wells. -
Greater China Oil & Gas M&A and Greenfield FDI Investment Spotlight
Greater China Oil & Gas M&A and greenfield FDI investment spotlight 2013 edition M&A Services 1 Contents Introduction .............................................................................................................................................................. 3 Methodology ............................................................................................................................................................. 4 Global Oil & Gas M&A and greenfield investment activity .................................................................................. 5 Greenfield Oil & Gas investment increasingly giving way to M&A activity across the globe ................................... 6 Where is this investment going? .............................................................................................................................. 6 The Greater China angle .......................................................................................................................................... 8 Foreign investments into China's Oil & Gas sector ................................................................................................. 9 Domestic investment activity in China's Oil & Gas sector ..................................................................................... 11 Greater China's Oil & Gas investments overseas ................................................................................................. 13 Looking forward – Potential deal opportunities and investment themes ....................................................... -
Asia Infrastructure, Energy and Natural Resources (IEN)
Asia Infrastructure, Energy and Natural Resources (IEN) Slaughter and May is a leading international firm with a worldwide corporate, commercial and financing practice. We provide clients with a professional service of the highest quality combining technical excellence and commercial awareness and a practical, constructive approach to legal services. We advise on the full range of matters for infrastructure, energy and natural resources clients in Asia, including projects, mergers and acquisitions, all forms of financing, competition and regulatory, tax, commercial, trading, construction, operation and maintenance contracts as well as general commercial and corporate advice. Our practice is divided into three key practice areas: – Infrastructure – rail and road; ports and airports; logistics; water and waste management. – Energy – power and renewables; oil and gas. – Mining and Minerals – coal, metals and minerals. For each regional project we draw on long‑standing relationships with leading independent law firms in Asia. This brings together individuals from the relevant countries to provide the optimum legal expertise for that particular transaction. This allows us to deliver a first class pan‑Asian and global seamless legal service of the highest quality. Recommended by clients for project agreements and ‘interfacing with government bodies’, Slaughter and May’s team is best-known for its longstanding advice to MTR on some of Hong Kong’s key infrastructure mandates. Projects and Energy – Legal 500 Asia Pacific Infrastructure – rail MTR Corporation Limited – we have advised the • Tseung Kwan O Line: The 11.9‑kilometre MTR Corporation Limited (MTR), a long‑standing Tseung Kwan O Line has 8 stations and links client of the firm and one of the Hong Kong office’s the eastern part of Hong Kong Island with the first clients, on many of its infrastructure and eastern part of Kowloon other projects, some of which are considered to be amongst the most significant projects to be • Disney Resort Line: The 3.3‑kilometre Disney undertaken in Hong Kong. -
Esports): El Espectáculo De Las Competiciones De Videojuegos
UNIVERSIDAD COMPLUTENSE DE MADRID FACULTAD DE CIENCIAS DE LA INFORMACIÓN TESIS DOCTORAL Los deportes electrónicos (esports): el espectáculo de las competiciones de videojuegos MEMORIA PARA OPTAR AL GRADO DE DOCTOR PRESENTADA POR Marcos Antón Roncero Director Francisco García García . Madrid Ed. electrónica 2019 © Marcos Antón Roncero, 2018 FACULTAD DE CIENCIAS DE LA INFORMACIÓN DEPARTAMENTO DE TEORÍAS Y ANÁLISIS DE LA COMUNICACIÓN DOCTORADO EN COMUNICACIÓN AUDIOVISUAL, PUBLICIDAD Y RELACIONES PÚBLICAS LOS DEPORTES ELECTRÓNICOS (ESPORTS) El espectáculo en las competiciones de videojuegos TESIS DOCTORAL PRESENTADA POR: D. Marcos Antón Roncero DIRECTOR: D. Francisco García García MADRID, 2018 Todas las imágenes y textos con copyright referenciados en el presente trabajo han sido utilizados bajo el derecho de cita, regulado en el artículo 32 del Texto refundido que recoge la Ley de la Propiedad Intelectual (TRLPI) según se recoge en el Decreto Legislativo 1/1996, de 12 de abril. AGRADECIMIENTOS Estamos demasiado acostumbrados a leer agradecimientos, incluso a escribirlos, pero pocas veces se agradece de palabra y de corazón, mirando a los ojos. Que esta página sea una mirada a los ojos para quienes aparecen en ella, pues muchos están lejos y a otros no les agradezco lo suficiente su paciencia, experiencia y visión del mundo, cualidades que me han hecho crecer y madurar para convertirme en quien soy ahora y llevarme a realizar el trabajo que aquí se presenta. Gracias a mis padres por darme los medios y la voluntad para seguir un camino que ellos no tuvieron la opción de elegir. De ellos son todos los logros conseguidos (con y sin títulos de por medio). -
STOXX Hong Kong All Shares 180 Last Updated: 03.04.2018
STOXX Hong Kong All Shares 180 Last Updated: 03.04.2018 Rank Rank (PREVIOU ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) S) HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 83.1 1 1 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 71.5 2 2 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 49.4 3 3 CNE1000003X6 B01FLR7 2318.HK CN0076 PING AN INSUR GP CO. OF CN 'H' CN HKD Y 42.9 4 4 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 41.6 5 5 CNE1000001Z5 B154564 3988.HK CN0032 BANK OF CHINA 'H' CN HKD Y 33.3 6 7 HK0388045442 6267359 0388.HK 626735 Hong Kong Exchanges & Clearing HK HKD Y 31.0 7 6 KYG217651051 BW9P816 0001.HK 619027 CK HUTCHISON HOLDINGS HK HKD Y 27.1 8 8 HK0016000132 6859927 0016.HK 685992 Sun Hung Kai Properties Ltd. HK HKD Y 20.2 9 10 HK0027032686 6465874 0027.HK 646587 GALAXY ENTERTAINMENT GP. HK HKD Y 20.1 10 11 HK0883013259 B00G0S5 0883.HK 617994 CNOOC Ltd. CN HKD Y 19.0 11 12 KYG2177B1014 BYZQ077 1113.HK HK50CI CK Asset Holdings Ltd HK HKD Y 18.8 12 9 HK0002007356 6097017 0002.HK 619091 CLP Holdings Ltd. HK HKD Y 18.3 13 13 CNE1000002Q2 6291819 0386.HK CN0098 China Petroleum & Chemical 'H' CN HKD Y 18.2 14 15 CNE1000002L3 6718976 2628.HK CN0043 China Life Insurance Co 'H' CN HKD Y 16.7 15 14 HK0823032773 B0PB4M7 0823.HK B0PB4M Link Real Estate Investment Tr HK HKD Y 15.1 16 16 HK2388011192 6536112 2388.HK 653611 BOC Hong Kong (Holdings) Ltd.