DOCSLIB.ORG

221 China 2016 Mofcom Stati

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

-ºItha• -uSvati --rd Dirábt4,0b 1 -e Stallstical Btilletirt China's Outward fere:ion Direct investmeti 4.10, 5kijargpild." W'retr, OPTX 2015 Statistical Bulletin of China's Outward Contents Foreign Direct Investment 2015 Statistical Buflelin of Chinas OlJtVilardforeign Direct lnvestment The year 2015 witnessed a robust recovery of global foreign direct investment, with the flows of outward foreign direct investment reaching $1.47 trillion, a year-on-year Mercase of 11.8%. 1. Overview of Chinas Outward FDI Faced with the complex intemational situation, the Chinese govemment proactively promoted "the 2.The Flows and Stock of Chinas Outward FDI Belt and Road Initiative" and steadily carried out intemational cooperation of production capacity, 3.Chinas Outward FDI to Major Economies in the World constantly improving the working system for "going global". Chinese enterprises speeded up 4.Structure of Chinas Outward Foreign Direct Investors integrating into the economic globalization process. In the year 2015, Chinas outward foreign 5.Geographical and Industrial Distributions of Chinas FDI Enterprises direct investment achieved a historie breakthrough. For the first time, the flows of outward foreign 6.Statistics on Chinas Outward FDI direct investment ranked second in the world and exceeded the level of inward foreign direct Table 1 Chinas outward FDI flows by country and region, 2007-2015 investment over the same period. Also for the first time, China experienced net capital outflows Table 2 Chinas outward FDI stock by country and region, 2007-2015 from the two-way foreign direct investment. Table 3 Distribution of Chinas outward FDI flows by industry, 2007-2015 Table 4 Distribution of Chinas outward FDI stock by industry, 2007-2015 Table 5 Chinas outward FDI flows by province, 2007-2015(Non-Financial Part) Table 6 Chinas outward FDI stock by province, 2007-2015(Non-Financial Part) 1.0verview of Chinas Outward FDI Table 7 Chinas outward FDI flows into EU countries, 2007-2015 1.1 Chinas outward FDI net fiows (hereinafter referred to as "flows") in 2015 reached $145.67 billion, Table 8 Chinas outward FDI stock into EU countries, 2007-2015 Table 9 Chinas Outward FDI Flows in ASEAN Countries,2007-2015 increased by 18.3 percentage points cornpared with the previous year. Among the flows, $96.71 billion vas Table10 Chinas Outward FDI Stock in ASEAN Countries,2007-2015 incremental equity investment; $37.91 billion was reinvested eamings and $11.05 billion was debt instrument Table11 Chinas Outward FDI in Countries along the Belt and Road , 2015 investment, accounting for 66.4%, 26% and 7.6°/0 of the total respectively. Table12 The Top 100 Non-financial Chinese TNCs Ranked by Outward FDI Stock, 2015 By the end of 2015, 20,200 Chinese domestic investors had established 30,800 FDI enterprises Table13 The Top 100 Non-financial Chinese TNCs Ranked by Foreign Assets, 2015 2 Table14 The Top 100 Non-financial Chinese TNCs Ranked by Foreign Revenues, 2015 (hereinafter referred to as "overseas enterprises") in 188 countries (regions) globally . The year-end total assets of overseas enterprises were $4.37 trillion. The accumulated outward FDI net stock (hereinafter referred to as "stock") reached $1097.86 billion. Arnong the stock, $471.51 billion vas equity investment, C) FDI enterprises refer to foreign enterprises that are directly owned or have 10% voting rights or equivalents controlled by domestic investors. FDI countries (regions) are accounted as the first country (region) invested by domestic investors. '121 2015 Statistical Bulletin nf China ODutw4lEpréig n Direct nvéstmeni • of China's OutwardForn»n Direct Investmen $442.78 billion was reinvested earnings and 8183.57 billion was debt instrument investment, accounting for Figure 2 Outward FDI Stock of China and Other Major Countries (Regions). 2015 43%,40.3% and 16.7% of the total respectively. Tu blc 1 Structure of China's OlitWard EDI Flows and Stock. 2015 (Billions of VS Dollars) (Billions of US Dollars) United States 5982.8 Germany Flows Stock ~~~1812.5 United Kingdom ~~~1538.1 Indicator Year-on-Year Hong Kong (China) ~~~1485.7 Amount Growth Rate Share (%) Amount Share (%) France ~~~1314.2 (/o) Japan 1~~~1226.6 Total 145.67 18.3 100.0 1,097.86 100.0 Switzerland 1~1~1138.2 China ~~1097.9 Financial Sector 24.25 52.3 16.6 159.66 14.5 Canada Im~za 1078.3 21.42 13.3 83.4 938.2 85.5 Non-financial Sector Netherlands lus~a« 1074.3 Note: 1. The financial sector refers to domestic investor's outward FDI in the overseas financial sector and Singapore lansa 625.3 the non-financial sector refers to domestic investor's outward FDI in the overseas non-financial Russia 11E252.0 sector. Brazil 1a181.5 2. Data on flows in the non-financial sector and that in MOFCOM 2015 Express ($118.02 billion) India 1[139.0 mainly differed in the reinvested eamings. 0 1000 2000 3000 4000 5000 6000 7000 The World Investment Report 2016 by UNCTAD showed that global FDI outflows reached $1.47 trillion Note: Data on China's outward FDI in 2015 is based on Statistical Bulletin dChina's 001, and data on other in the year 2015, with the year-end stock of $25.04 trillion. Based on this report. China's outward FD1 flows countries (regions) is based on the World lnvestment Repon 2016 by UNCTAD. and stock in 2015 accounted for 9.9% and 4.4% of the global total respectively. For the first time, China ranked second arnong ah countries (regions) in terms of outward FDI flows, increased by 0.8 percentage 1.2 In the year 2015, China's financial outward FDI fiows reached $24.25 billion, with a year-on-year point compared with the previous year. In terms of stock, China ranked 8th, increased by 1 percentage point growth rate of 52.3%. Among the flows, $16.4 billion went to the monetary financial services sector (the cornpared with the previous year. former bank ing industry), taking up a share of 67.6%. By the end of 2015, the financial outward FDI had reached $159.66 billion, among which $97.13 billion Figure 1 Outward FDI Flows of China and Ober Major Countries (Regions), 2015 itad gone to the monetary financial services category, $2.19 billion liad gone to insurance industry, $6.8 (Billions of VS Dollars) billion had gone to capital market services (the former securities industiy) and $53.54 billion had fallen under United States 121~~~11~11~11~~~ 299.97 other financial industries, accounting for 60.8%, 1.4%, 4.3% and 33.5% of the total respectively. 145.67 China 1111111~~11~111 By the end of 2015, China's state-owned commercial banks liad established 79 branch offices, 57 Japan ~11111~~11~ 128.65 Netherlands ~~~~R 113.43 affiliated institutions in 42 countries and regions including the United States, Japan, the United Kingdom, etc. ~~~~101.62 Ireland These overseas enterprises had employed 47,000 staffs, 45,000 of ni hom had been of foreign nationalities, Germany III~~94.31 taking up a share of 95.50/t, By the end of 2015, China had established 7 overseas insurance agencies. Canada 111•111111167.18 United Kingdom 61.44 1.3 The non-financial outward FDI flows reached $121.42 billion in 2015, with a year-on-year Hong Kong (China) 55.14 increase of 13.3%. The sales incorne of overseas enterprises arnounted to $1386.3 billion, decreased by Singapore 35.49 South Korea Mi11127.64 50 100 150 200 250 300 350 (5) China's state-owned banks include Bank of China, Agricultural Bank of China. Industrial and Comercial Bank of China. China Construction Bank and Bank of Communications. 86 2015 Statistical Bulletin of China's Outward Foreign Direct Investment 2015 Statistical Bulletin1of China's Outward Foreign Direct invelment 11.7 percentage points. Domestic investors achieved a total of $313.2 billion exports and imports through 2.The Flows and Stock of China's Outward FDI overseas enterprises. The imports amounted to $204.5 billion and the exports reached $108.7 billion, with 2.1 Characteristics of China's Outward FDI Flows in 2015 annual growth rates of -39.5% and -1.4% respectively. 2.1.1 Outward EDI reached to a new level, with its flows ranking second globally for the first time. By the end of 2015, the non-financial FDI stock had reached $938.2 billion and the total assets of The year 2015 witnessed a declining speed of global industrial output growth. International trade overseas enterprises had reached $2.44 trillion. remained in the doldrums. The volatility of the financial market increased and the commodity prices declined 1.4 In 2015, the total taxes and duties paid to countries where the investment was made by the overseas rapidly. The developed countries experienced a slow recovery while economic growth in the emerging enterprises reached $31.19 billion, with a year-on-year increase of 62.9%. The overseas enterprises employed markets further declined. The overall recovety of the world economy was weak and economic growth slowed 2,837,000 staffs. Among them, 1,225,000 were of foreign nationalities, accounting for 43.2% of the total and Against this background, the global foreign direct investment increased against the trend, with its total increased by 392,000 staffs compared with the previous year. infiow increased by 38 percentage points, reaching to the highest level since the 2008 global financial crisis. Its total outflow increased by 11.8 percentage points, the highest since the year 2011. Meanwhile, in 2015 Table 2 China's Annual Outward FDI Flows and Stock since the Establishment of Outward FDI Statistics System China's outward FDI reached to a historical high of $145,67 billion, with a year-on-year Mercase of 18.3%, (Billions of US Doltars) a higher rate of Mercase than the global average.
Recommended publications

  • World Steel in Figures 2017 Table of Contents Foreword

    WORLD STEEL IN FIGURES 2017 TABLE OF CONTENTS FOREWORD Foreword ...........................................................................................3 This year we are celebrating our 50th anniversary but of course this Celebrating 50 years of the World Steel Association ............................4 publication will largely report on last year 2016. Much has changed in 50 years – back in 1967, the world produced just less than 500 million CRUDE STEEL PRODUCTION tonnes of steel. In 2016, the world produced just over 1,600 million World crude steel production, 1950 to 2016 ........................................7 tonnes. Most of the growth came from new industrialising nations – Top steelmakers, 2016........................................................................8 Brazil, China, India, Iran and Mexico. Major steel-producing countries, 2015 and 2016 .................................9 Steel as a product is so versatile and fundamental to our lives that it is Crude steel production by process, 2016 .......................................... 10 considered essential to economic growth. Consequently, for most of the Continuously-cast steel output, 2014 to 2016 ����������������������������������� 11 past 50 years, the world has been producing increasingly more steel Monthly crude steel production, 2013 to 2016 ����������������������������������� 12 and sometimes more than was actually required – while at the same time, making the product universally affordable and promoting intense STEEL USE competition between its producers. Steel production and use: geographical distribution, 2006 ................. 14 In the global markets we operate in, fierce competition for trade will Steel production and use: geographical distribution, 2016 ................. 15 remain, with the present push to protect domestic markets probably Apparent steel use, 2010 to 2016...................................................... 16 continuing for the next few years. But we believe that it is crucial for Apparent steel use per capita, 2010 to 2016 ....................................
  • Shanghai Municipal Commission of Commerce Belt and Road Countries Investment Index Report 2018 1 Foreword

    Shanghai Municipal Commission of Commerce Belt and Road Countries Investment Index Report 2018 1 Foreword

    Shanghai Municipal Commission of Commerce Belt and Road Countries Investment Index Report 2018 1 Foreword 2018 marked the fifth year since International Import Exposition Municipal Commission of Commerce, President Xi Jinping first put forward (CIIE), China has deepened its ties releasing the Belt and Road Country the Belt and Road Initiative (BRI). The with partners about the globe in Investment Index Report series Initiative has transformed from a trade and economic development. to provide a rigorous framework strategic vision into practical action President Xi Jinping has reiterated at for evaluating the attractiveness during these remarkable five years. these events that countries should of investing in each BRI country. enhance cooperation to jointly build Based on extensive data collection There have been an increasing a community of common destiny and in-depth analysis, we evaluated number of participating countries for all mankind , and the Belt and BRI countries' (including key and expanding global cooperation Road Initiative is critical to realizing African nations) macroeconomic under the BRI framework, along with this grand vision. It will take joint attractiveness and risks, and identified China's growing global influence. By efforts and mutual understanding to key industries with high growth the end of 2018, China had signed overcome the challenges ahead. potential, to help Chinese enterprises BRI cooperation agreements with better understand each jurisdiction's 122 countries and 29 international Chinese investors face risks in the investment environment. organizations. According to the Big BRI countries, most of which are Data Report of the Belt and Road developing nations with relatively The Belt and Road Country (2018) published by the National underdeveloped transportation and Investment Index Report 2017 Information Center, public opinion telecommunication infrastructures.
  • The Top 225 Global Contractors

    The Top 225 Global Contractors

    The Top 225 International Contractors The Top 225 Global Contractors August 18, 2008 This annual issue ranks the 225 largest construction contracting firms from around the world. It also ranks the largest firms in a wide variety of market sectors and geographic markets: Building, Manufacturing, Power, Water, Industrial/Petroleum, Transportation, Hazardous Waste, Sewer/Waste and Telecommunications. In addition, readers will get insights from executives of these top firms about the markets and issues affecting the industry around the world. This and other ENR survey issues are used as reference tools throughout the industry. Companies are ranked according to construction revenue generated in 2007 in US$ millions. Main story: "Prices Soar in a Boom Market" Tables - The 2008 Top 225 International Contractors based on Contracting Revenue from Projects Outside Home Country (with description about how to use the tables) - The 2008 Top 225 Global Contractors based on Total Firm Contracting Revenue (with descriptions about how to use the tables) - The 2008 Top 225 At a Glance: Volume, Profitability, Professional Staff, Backlog, Market Analysis, International Regions - Top 10 by Market: Building, Manufacturing, Power, Water, Transportation, Hazardous Waste, Sewer/Waste, Telecommunications - Top 20 Non-US Firms in International Construction Management/Program Management Fees - Top 20 Non-US in Total CM/PM Fees - Top 10 By Region: Middle East, Asia, Africa, Latin America/Caribbean, Europe, U.S., Canada - How the Top 225 International Contractors Shared the 2007 Market - Where to Find The Top 225 International Contractors - Where to Find The Top 225 Global Contractors Web Only Supplements: "Subsidiaries By Rank"-includes in-depth listings of each firm's subsidiaries "Where the 2008 Top 225 Contractors Worked"-lists the countries in which these firms had work or offices during 2007.
  • Pan-Sinitic Object Marking: Morphology and Syntax*

    Pan-Sinitic Object Marking: Morphology and Syntax*

    Breaking Down the Barriers, 785-816 2013-1-050-037-000234-1 Pan-Sinitic Object Marking: * Morphology and Syntax Hilary Chappell (曹茜蕾) EHESS In Chinese languages, when a direct object occurs in a non-canonical position preceding the main verb, this SOV structure can be morphologically marked by a preposition whose source comes largely from verbs or deverbal prepositions. For example, markers such as kā 共 in Southern Min are ultimately derived from the verb ‘to accompany’, pau11 幫 in many Huizhou and Wu dialects is derived from the verb ‘to help’ and bǎ 把 from the verb ‘to hold’ in standard Mandarin and the Jin dialects. In general, these markers are used to highlight an explicit change of state affecting a referential object, located in this preverbal position. This analysis sets out to address the issue of diversity in such object-marking constructions in order to examine the question of whether areal patterns exist within Sinitic languages on the basis of the main lexical fields of the object markers, if not the construction types. The possibility of establishing four major linguistic zones in China is thus explored with respect to grammaticalization pathways. Key words: typology, grammaticalization, object marking, disposal constructions, linguistic zones 1. Background to the issue In the case of transitive verbs, it is uncontroversial to state that a common word order in Sinitic languages is for direct objects to follow the main verb without any overt morphological marking: * This is a “cross-straits” paper as earlier versions were presented in turn at both the Institute of Linguistics, Academia Sinica, during the joint 14th Annual Conference of the International Association of Chinese Linguistics and 10th International Symposium on Chinese Languages and Linguistics, held in Taipei in May 25-29, 2006 and also at an invited seminar at the Institute of Linguistics, Chinese Academy of Social Sciences in Beijing on 23rd October 2006.
  • China's Supply-Side Structural Reforms: Progress and Outlook

    China's Supply-Side Structural Reforms: Progress and Outlook

    China’s supply-side structural reforms: Progress and outlook A report by The Economist Intelligence Unit www.eiu.com The world leader in global business intelligence The Economist Intelligence Unit (The EIU) is the research and analysis division of The Economist Group, the sister company to The Economist newspaper. Created in 1946, we have 70 years’ experience in helping businesses, financial firms and governments to understand how the world is changing and how that creates opportunities to be seized and risks to be managed. Given that many of the issues facing the world have an international (if not global) dimension, The EIU is ideally positioned to be commentator, interpreter and forecaster on the phenomenon of globalisation as it gathers pace and impact. EIU subscription services The world’s leading organisations rely on our subscription services for data, analysis and forecasts to keep them informed about what is happening around the world. We specialise in: • Country Analysis: Access to regular, detailed country-specific economic and political forecasts, as well as assessments of the business and regulatory environments in different markets. • Risk Analysis: Our risk services identify actual and potential threats around the world and help our clients understand the implications for their organisations. • Industry Analysis: Five year forecasts, analysis of key themes and news analysis for six key industries in 60 major economies. These forecasts are based on the latest data and in-depth analysis of industry trends. EIU Consulting EIU Consulting is a bespoke service designed to provide solutions specific to our customers’ needs. We specialise in these key sectors: • Consumer Markets: Providing data-driven solutions for consumer-facing industries, we and our management consulting firm, EIU Canback, help clients to enter new markets and be successful in current markets.
  • RESPONSIBLE BUSINESS in AFRICA | Chinese Business Leaders’ Perspectives on Performance and Enhancement Opportunities 3 Table of Contents

    RESPONSIBLE BUSINESS in AFRICA | Chinese Business Leaders’ Perspectives on Performance and Enhancement Opportunities 3 Table of Contents

    RESPONSIBLE BUSINESS IN AFRICA CHINESE BUSINESS LEADERS’ PERSPECTIVES ON PERFORMANCE AND ENHANCEMENT OPPORTUNITIES Chen Xiaohong, Li Zhaoxi, Jia Tao, Li Guoqiang, Zhou Yan – Enterprise Research Institute, Development Research Centre of the State Council of P.R. China Simon Zadek, Kelly Yu, Maya Forstater, Guy Morgan – AccountAbility November 2009 AUTHORS Related AccountAbility publications Advancing Sustainable Competitiveness of China’s Transnational Corporations, 2009 AccountAbility, IISD, and DRC Governing Collaboration: Making Partnerships Accountable for Delivering Development, 2008 AccountAbility The State of Responsible Competitiveness 2007: Making Sustainable Development Count in Global Markets, 2007 • AccountAbility in association with Fundação Dom Cabral • Spanish version in association with Reporte Social • Chinese version in association with WTO Tribune Investing in Standards for Sustainable Development: The Role of International Development Agencies in Supporting Collaborative Standards Initiatives, 2007 AccountAbility Development as Accountability: Accountability Innovators in Action, 2007 AccountAbility Available to download from www.accountability21.net Authors Simon Zadek Chen Xiaohong Managing Partner, Senior Research Fellow and AccountAbility Director, Enterprise Research [email protected] Institute (ERI), Development Research Center (DRC) of the State Council, P.R.China. Kelly Yu [email protected] Senior Principal, AccountAbility Li Zhaoxi [email protected] Senior Research Fellow, former Deputy Director Enterprise Research Institute Maya Forstater (ERI), Development Research Senior Associate Partner, Center (DRC) of the State AccountAbility Council, P.R.China. [email protected] [email protected] Li Guoqiang Jia Tao Senior Research Fellow, Assistant researcher, Enterprise Research Institute Enterprise Research Institute (ERI), Development Research (ERI), Development Research Center (DRC) of the State Center (DRC) of the State Council, P.R.China. Council, P.R.China.
  • Australian Trade Commission (Austrade)

    Australian Trade Commission (Austrade)

    Page 2 of 45 Austrade Submission Productivity Commission Inquiry into public infrastructure and the ways to encourage private financing and funding for major infrastructure projects, including issues relating to the high cost and the long lead times associated with these projects. Closing date for submissions: 23 December 2013 Please note the information contained within is primarily based on information derived from ongoing engagement and discussions with international infrastructure companies, professional service providers to the infrastructure industry in Australia and Australian government agencies (both state and federal). Austrade is a government funded trade and investment promotion body and not an infrastructure specialist organisation. As such Austrade is not in a position to make claims regarding the veracity of the information contained but has sought to illustrate areas of commonality in the feedback received. 23rd December 2013 Page 3 of 45 TABLE OF CONTENTS TABLE OF CONTENTS ................................................................................................................................................. 3 EXECUTIVE SUMMARY ............................................................................................................................................... 4 CONTEXT / BACKGROUND ......................................................................................................................................... 5 Case Study One: Legacy Way Brisbane ................................................................................................................
  • World Steel Market

    World Steel Market

    Confidential For the particpants. World Steel Market May, 2017 0 Confidential Introduction of NSSMC 1 Confidential Corporate History CY1857 CY1897 Japan’s first blast furnace went Sumitomo Cooper Plant was into Operation at Kamaishi. established. <Corporate’s inauguration> CY1901 CY1912 The state-owned Yawata Steel Japan’s first private company Works began operation. started manufacturing cold- CY1970 drawn seamless steel pipes. Yawata Iron & Steel and Fuji CY1949 Iron & Steel merged to from Shin-Fuso Metal Industries, Ltd. Nippon Steel Corporation. been established. <Corporate’s foundation> CY2002 Announced alliances among NSC and SMI, Kobe Steel CY2011 Agreed to commence consideration of merger October 1, 2012 2 Confidential Overview of NSSMC NIPPON STEEL & SUMITOMO METAL CORPORATION Trade Name “NSSMC” Representative Director, Chairman and CEO Shoji MUNEOKA Representative Representative Director, President and COO Hiroshi TOMONO L o c a t i o n of H e a d O f f i c e Chiyoda-ku, Tokyo, Japan Foundation Day October 1, 2012 Steelmaking and steel fabrication / Engineering / B u s i n e s s Chemicals / New materials / System solutions Stated Capital 419.5 bn yen Fiscal Year End March 31 3 Confidential The World Top-Ten Players by Crude Steel Production unit:millions of tonnes 2002 2007 2011 2014 2015 vs 2013 vs 2014 1 Arcelor (EU) 44 1 ArcelorMittal (EU) 116 1 ArcelorMittal (EU) 97 1 ArcelorMittal (EU) 98 +2% → 1 ArcelorMittal (EU) 97 -1% 2 LNM Group (EU) 35 2 Nippon Steel (JPN) 36 2 Hebei Group (CHN) 44 2 NSSMC (JPN) 49 -2% ↑ 2 Hesteel
  • Inventory of Investment Measures Taken Between 15 November 2008 and 15 February 2013

    Inventory of Investment Measures Taken Between 15 November 2008 and 15 February 2013

    FREEDOM OF INVESTMENT PROCESS Inventory of investment measures taken between 15 November 2008 and 15 February 2013 March 2013 The “Freedom of Investment" (FOI) process hosted by the OECD Investment Committee monitors investment policy developments in the 55 economies that participate in the process. The present report was prepared for the Freedom of Investment Roundtable 18 held on 20 March 2013. It follows on from earlier reports, available at http://www.oecd.org/daf/inv/investment-policy/g20.htm. More information about the FOI process is available at www.oecd.org/daf/investment/foi. This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its 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. Investment Division, Directorate for Financial and Enterprise Affairs Organisation for Economic Co-operation and Development 2 rue André-Pascal, Paris 75116, France www.oecd.org/daf/investment//foi © OECD 2013. This report may be freely reproduced with appropriate source attribution. TABLE OF CONTENTS Introduction ................................................................................................................................................... 5 Investment policy developments between 15 November 2008 and 15 February 2013 ............................ 6 There is a broad move towards greater liberalisation, but exceptions in individual countries .............. 8 Specific sectors receive particular attention .......................................................................................... 8 Policy measures related to national security regain prominence after a period of relative calm .........
  • Trinity Limited Incorporated in Bermuda with Limited Liability

    Trinity Limited Incorporated in Bermuda with Limited Liability

    Trinity Limited Incorporated in Bermuda with limited liability Stock Code: 891 The Trinity Group includes three historic menswear brands: CERRUTI 1881, GIEVES & HAWKES and KENT & CURWEN, as well as licensed brand D’URBAN. Individually distinctive, together they cater to the most discerning consumers. Global Offices Chinese Mainland Shanghai Hong Kong, SAR Taiwan Taipei France Paris United Kingdom London A Ruyi Group Company Contents 2 Corporate Information 3 Highlights 20 Chairman’s Statement 22 Chief Executive Officer’s Overview 25 Discussion and Analysis 32 Corporate Governance Report 51 Directors and Senior Management 60 Information for Investors 61 Directors’ Report 74 Independent Auditor’s Report 79 Consolidated Financial Statements 174 Financial Summary 175 Additional Information 1 TRINITY LIMITED ANNUAL REPORT 2018 Corporate Information Executive Directors Registered Office SUN Weiying (Chief Executive Officer) Clarendon House 2 Church Street Paul David HAOUZI (President) Hamilton HM 11 QIU Chenran Bermuda SU Xiao Kelvin HO Cheuk Yin (Chief Strategy Officer) Head Office and Principal Place of Business 8/F, LiFung Tower (Note) Non-executive Directors 888 Cheung Sha Wan Road QIU Yafu (Chairman) Kowloon Hong Kong Sabrina FUNG Wing Yee (Deputy Chairman) Daniel LALONDE Website WONG Yat Ming www.trinitygroup.com Independent Non-executive Directors Principal Bankers Eva CHENG LI Kam Fun The Hongkong and Shanghai Banking Corporation Limited Victor HUANG Bank of China (Hong Kong) Limited Michael LEE Tze Hau Hang Seng Bank Limited Patrick
  • De Sousa Sinitic MSEA

    De Sousa Sinitic MSEA

    THE FAR SOUTHERN SINITIC LANGUAGES AS PART OF MAINLAND SOUTHEAST ASIA (DRAFT: for MPI MSEA workshop. 21st November 2012 version.) Hilário de Sousa ERC project SINOTYPE — École des hautes études en sciences sociales [email protected]; [email protected] Within the Mainland Southeast Asian (MSEA) linguistic area (e.g. Matisoff 2003; Bisang 2006; Enfield 2005, 2011), some languages are said to be in the core of the language area, while others are said to be periphery. In the core are Mon-Khmer languages like Vietnamese and Khmer, and Kra-Dai languages like Lao and Thai. The core languages generally have: – Lexical tonal and/or phonational contrasts (except that most Khmer dialects lost their phonational contrasts; languages which are primarily tonal often have five or more tonemes); – Analytic morphological profile with many sesquisyllabic or monosyllabic words; – Strong left-headedness, including prepositions and SVO word order. The Sino-Tibetan languages, like Burmese and Mandarin, are said to be periphery to the MSEA linguistic area. The periphery languages have fewer traits that are typical to MSEA. For instance, Burmese is SOV and right-headed in general, but it has some left-headed traits like post-nominal adjectives (‘stative verbs’) and numerals. Mandarin is SVO and has prepositions, but it is otherwise strongly right-headed. These two languages also have fewer lexical tones. This paper aims at discussing some of the phonological and word order typological traits amongst the Sinitic languages, and comparing them with the MSEA typological canon. While none of the Sinitic languages could be considered to be in the core of the MSEA language area, the Far Southern Sinitic languages, namely Yuè, Pínghuà, the Sinitic dialects of Hǎinán and Léizhōu, and perhaps also Hakka in Guǎngdōng (largely corresponding to Chappell (2012, in press)’s ‘Southern Zone’) are less ‘fringe’ than the other Sinitic languages from the point of view of the MSEA linguistic area.
  • 金 蝶 國 際 軟 件 集 團 有 限 公 司 （Incorporated in the Cayman Islands with Limited Liability） (Stock Code: 268)

    金 蝶 國 際 軟 件 集 團 有 限 公 司 （Incorporated in the Cayman Islands with Limited Liability） (Stock Code: 268)

    KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED 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. KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED 金 蝶 國 際 軟 件 集 團 有 限 公 司 （Incorporated in the Cayman Islands with limited liability） (Stock Code: 268) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2019 AND PAYMENT OF FINAL DIVIDEND OUT OF SHARE PREMIUM ACCOUNT The board (the “Board”) of directors (the “Directors”) of Kingdee International Software Group Company Limited (“Kingdee International” or the “Company”) is pleased to announce the audited consolidated results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2019, together with the comparative audited consolidated figures for the year ended 31 December 2018 are as follows: Financial highlights for the year ended 31 December 2019 － Revenue increased by approximately 18.4% compared with 2018 to approximately RMB3,325,590,000. － Profit attributable to owners of the Company decreased by approximately 9.6% compared with 2018 to approximately RMB372,580,000. － Net cash generated from operating activities increased by approximately 6.3% compared with 2018 to approximately RMB962,927,000. － Basic earnings per share attributable to owners of the Company during the year decreased by approximately 12.7% to approximately RMB 11.52 cents (2018: RMB13.19 cents).