Global Finance Names the Stars of China 2014

Total Page:16

File Type:pdf, Size:1020Kb

Global Finance Names the Stars of China 2014 Global Finance Names The Stars Of China 2014 NEW YORK, September 18, 2014 — Global Finance is proud to present the winners of the 7th annual Stars of China Awards, honoring the best banks and companies in China. The Reach of Global Finance Global Finance’s Stars of China Awards are the preeminent evaluation of Global Finance, founded in China’s companies and financial institutions by international media. 1987, has a circulation of 50,050 and readers in 180 The list on the following page and a full report on the winners will countries. Its circulation is audited by BPA. Global Finance’s be published in the November issue of Global Finance, along with an audience includes chairmen, exclusive ranking of the Top 10 Safest Banks in China and an in-depth presidents, CEOs, CFOs, look at the success stories behind the Stars of China winners and their treasurers and other senior financial officers responsible various approaches to business excellence in the unique environment of for making investment the People’s Republic. and strategic decisions at multinational companies and financial institutions. Global “China’s top banks and companies profit from the geopolitical stability of Finance also targets the 8,000 the country. As the government enacts change to improve the business international portfolio investors environment and provide further impetus to the economy, they will be responsible for more than 80% of all global assets under primary beneficiaries,” said Joseph D. Giarraputo, Publisher and Editorial professional management. Its Director of Global Finance. “The banks and companies being recognized website — GFmag.com — offers as the Stars of China 2014 have seized the opportunity inherent in this analysis and articles that are the heritage of 27 years of environment and are leading the way for their competitors.” experience in international financial markets, and provides Please see the following page for the full list of winners. a valuable source of data on 192 countries. Global Finance is headquartered in New York, page 1 of 2 with offices in London and Milan. To obtain rights to use the Global Finance 2014 Best Chinese Bank or best Chinese Company logo, please contact Chris Giarraputo at: [email protected] The unauthorized use of Global Finance Award logos is strictly prohibited. @GFmag Global Finance Names The Stars of China 2014 page 2 of 2 FINANCIAL INSTITUTIONS COMPANIES City Commercial Bank Harbin Bank Airline China Southern Best Consumer Bank Domestic: ICBC Automotive Dongfeng Motor Foreign: Citi Consumer Products Metersbonwe Group Corporate Governance China Merchants Bank Construction China State Construction Engineering Best Corporate Bank Domestic: ICBC Electronics Huawei Technologies Foreign: DBS Bank Food and Beverages Yili Group Best Commercial Corporate Credit Card ICBC Insurance Ping An Insurance Best Consumer Credit Card Program Deutsche Bank/Hua Xia Bank Media Baidu Best Bank in Cross Border Payments Domestic: Bank of China Foreign: Citi Metals and Mining Chalco Debt Capital Markets (DCM) Domestic: CITIC Securities Oil and Gas PetroChina Foreign: SC Lowy Property/Real Estate China Vanke Equity Capital Markets (ECM) Domestic: China Securities Renewable Energy Yingli Green Energy Foreign: Goldman Sachs Steel Jiangsu Shagang Group (Shasteel) Foreign Exchange Domestic: Bank of China Telecommunications China Telecom Foreign: Citi Infrastructure Lending/Project Finance Domestic: Bank of China Foreign: ANZ Group Innovative Bank China Construction Bank Investment Bank Domestic: CITIC Securities Foreign: UBS M&A Domestic: China International Capital Corp Foreign: Morgan Stanley Mutual Fund Tianhong Asset Management Best Wealth Management Services Domestic: China Merchants Foreign: Standard Chartered Rural Finance Domestic: China Construction Bank Foreign: HSBC Best Subcustodian Bank Domestic: ICBC Foreign: HSBC Small Business Lending Domestic: China Construction Bank Foreign: Standard Chartered Supply Chain Finance Domestic: Bank of China Foreign: Standard Chartered Trade Finance Domestic: Bank of China Foreign: DBS Treasury and Cash Management Domestic: ICBC Foreign: DBS ### For editorial information please contact: Andrea Fiano, editor, email: [email protected].
Recommended publications
  • SEES 2015 Agenda (PDF)
    ! ! ! ! ! SINO-EUROPEAN ENTREPRENEURS SUMMIT, ANNUAL GRAND MEETING BETWEEN CHINESE AND EUROPEAN ENTREPRENEURS The Sino-European Entrepreneurs Summit (SEES) is a high-level, efficient, and international exchange platform for entrepreneurs. This platform is mainly to promote commercial ethics, social responsibilities and professional knowledge, where Chinese entrepreneurs can also present their new images. SEES is presented to excellent entrepreneurs in capital cities in Europe as a large annual conference, on which the entrepreneurs may discuss major global topics and establish cooperation. The Summit is coming a driving force in speeding up the process of Chinese enterprises' going global, boosting real economy, building internationally recognized brands, rejuvenating the Chinese nation and other key national strategies. ! SEES 2015! SEES 2015 is the first international conference in which Mr Wang Yanzhi, President of China New Silk Road Fund, will deliver a speech regarding the "one belt, one road" policy and introduce the investment strategy for the new 40 billion USD government fund. SEES 2015 is the first international conference which will see initiators and experts of the aforementioned "one belt, one road" policy provide their insight to the application of the new China-Europe cooperation policy. SEES 2015 is bringing to your doorstep the Chairman of the largest Chinese private real estate developer - Vanke Group, President of the largest milk producer - Yili Group, President of Largest beverage group - Huiyuan Group and key Chinese
    [Show full text]
  • Vanke - a (000002 CH) BUY (Initiation) Steady Sales Growth Target Price RMB31.68 Up/Downside +16.8% Current Price RMB27.12 SUMMARY
    10 Jun 2019 CMB International Securities | Equity Research | Company Update Vanke - A (000002 CH) BUY (Initiation) Steady sales growth Target Price RMB31.68 Up/downside +16.8% Current Price RMB27.12 SUMMARY. We initiate coverage with a BUY recommendation on Vanke – A share. Vanke is a pioneer in China property market, in terms of leasing apartment, prefabricated construction and etc. We set TP as RMB31.68, which is equivalent to China Property Sector past five years average forward P/E of 9.0x. Upside potential is 16.8%. Share placement strengthened balance sheet. Vanke underwent shares Samson Man, CFA placement and completed in Apr 2019. The Company issued and sold 263mn (852) 3900 0853 [email protected] new H shares at price of HK$29.68 per share. The newly issued H shares represented 16.67% and 2.33% of the enlarged total issued H shares and total Chengyu Huang issued share capital, respectively. Net proceeds of this H shares placement was (852) 3761 8773 HK$7.78bn and used for debt repayment. New capital can flourish the balance [email protected] sheet although net gearing of Vanke was low at 30.9% as at Dec 2018. Stock Data Bottom line surged 25% in 1Q19. In 1Q19, revenue and net profit surged by Mkt Cap (RMB mn) 302,695 59.4% to RMB48.4bn and 25.2% to RMB1.12bn, respectively. The slower growth Avg 3 mths t/o (RMB mn) 1,584 in bottom line was due to the scale effect. Delivered GFA climbed 88.2% to 52w High/Low (RMB) 33.60/20.40 3.11mn sq m in 1Q19 but only represented 10.5% of our forecast full year Total Issued Shares (mn) 9.742(A) 1,578(H) delivered GFA.
    [Show full text]
  • Signature Redacted I MIT Sino in School of Management May 6, 2016
    Individual Investors, Social Media and Chinese Stock Market: a Correlation Study By Yonghui Wu B.E., Shanghai Jiao Tong University, 2007 M.E., Shanghai Jiao Tong University, 2010 SUBMITTED TO THE MIT SLOAN SCHOOL OF MANAGEMENT IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN MANAGEMENT STUDIES MASSACHUSETTS INSTITUTE OF TECHNOLOGY AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY JUN 082016 JUNE 2016 LIBRARIES @2016 Yonghui Wu. All rights reserved. ARCHIVES The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known or hereafter created. Signature of Author: Signature redacted I MIT Sino in School of Management May 6, 2016 Certified by: Signature redacted Erik Brynjolfsson Schussel Family Professor Thesis Supervisor Signature redacted____ Accepted by: Rodrigo S. Verdi Associate Professor of Accounting Program Director, M.S. in Management Studies Program MIT Sloan School of Management Individual Investors, Social Media and Chinese Stock Market: a Correlation Study By Yonghui Wu Submitted to MIT Sloan School of Management on May 6, 2016 in Partial fulfillment of the requirements for the Degree of Master of Science in Management Studies. ABSTRACT Chinese stock market is a unique financial market where heavy involvement of individual investors exists. This article explores how the sentiment expressed on social media is correlated with the stock market in China. Textual analysis for posts from one of the most popular social media in China is conducted based on Hownet and NTUSD, two most commonly used sentiment Chinese dictionaries.
    [Show full text]
  • Corporate Social Responsibility White Paper
    2020 CEIBS CORPORATE SOCIAL RESPONSIBILITY WHITE PAPER FOREWORD The Covid-19 pandemic has brought mounting research teams, as well as alumni associations and com- uncertainties and complexities to the world economy. Our panies. The professors obtained the research presented globalized society faces the challenge of bringing the in the paper through the employment of detailed CSR virus under control while minimizing its impact on the parameters focused on business leaders, employee economy. Economic difficulties substantially heighten the behavior and their relationship to the external environ- urgency for a more equitable and sustainable society. ment. This granular and nuanced form of research is a powerful tool for guiding the healthy development of CSR. At the same time, there is an ever-pressing need to enrich and expand the CSR framework in the context of The five CEIBS alumni companies featured in the social and economic development. CEIBS has incorporat- white paper offer exceptional examples of aligning busi- ed CSR programs into teaching, research, and student/ ness practices with social needs. Their learning-based alumni activities since its inception. The international busi- future-proof business innovations are a powerful demon- ness school jointly founded by the Chinese government stration of how best to bring CSR to the forefront of busi- and the European Union has accelerated knowledge ness activities. These five firms all received the CSR creation and dissemination during the pandemic to sup- Award in April 2019 at the second CEIBS Alumni Corpo- port economic stability and business development. The rate Social Responsibility Award, organized by the CEIBS institution has also served as a key communication chan- Alumni Association.
    [Show full text]
  • State-Owned Enterprises and Investing in China
    MARKET COMMENTARY State-owned Enterprises and Investing in China Great Hall of the People, Beijing, China • State control of companies in China is not as simple as ownership: private companies in China may fiercely pursue their own interests in some areas while acquiescing to government priorities in others. • Investors only looking at a company’s current ownership structure may miss the shifts in Chinese government policy that will shape the future of the business and its industry. • To reinvigorate growth and improve investor confidence, Chinese policymakers must adopt a more constrained and rules- based approach to state intervention in the economy. NOVEMBER 2019 In the minds of many investors, Chinese state-owned enterprises (SOEs) conjure up images of moribund and bloated companies that are run for policy objectives and not profits. It’s true that state-owned enterprises are less efficient than private firms in China. Nicholas Borst For example, across the industrial sector, state firms have a return on assets (ROA) less Vice President and than half that of private firms and the gap between the two appears to be growing.1 Director of China Research Over the past few years, Chinese authorities have enacted a range of policies to improve the performance of SOEs, including corporatization, industry consolidation and the introduction of outside capital. Unfortunately, these policies have mostly been failures and state-owned enterprises are a significant drag on China’s economic growth. The performance gap between state-owned and private enterprises persists for publicly listed companies. By one estimate, listed private enterprises outperform state-owned enterprises by a factor of 2:1.2 Given this context, some investors have sought to improve returns by simply cutting the state-owned enterprises out of their investment portfolios.
    [Show full text]
  • Final KF China Report Design Singlepage
    CHINESE CORRIDORS inMALAYSIA CHINESE CORRIDORS CHINESE CORRIDORS 2 IN MALAYSIA 2 IN MALAYSIA KEY TAKEAWAYSKEY TAKEAWAYS • China's Belt and Road Initiative• China's (BRI), Belt launched and Road in 2013,Initiative aims (BRI), to revive launched the in 2013, aims to revive the great Silk Road linking itgreat with SilkEurope Road through linking billionsit with ofEurope dollars throughof billions of dollars of infrastructure investment acrossinfrastructure six economic investment corridors. across six economic corridors. • Over the coming decades,• Over the thedevelopment coming decades, of the builtthe environment,development of the built environment, whether infrastructure or logisticswhether related infrastructure and in the or form logistics of new related townships and in the form of new townships or urban settlements along theor urban Belt Road settlements link, will along be considerable. the Belt Road link, will be considerable. • Malaysia, strategically positioned• Malaysia, along strategically the Belt Roadpositioned link, alongoffers themany Belt Road link, offers many advantages in terms of abundantadvantages resources, in terms good of abundantgrowth potentials resources, and good growth potentials and similarities in culture due tosimilarities historical inties. culture The duecountry to historicalcan be China’sties. The country can be China’s gateway to Asean and beyond.gateway In fact, to Malaysia Asean and has beyond. seen an In upsurge fact, Malaysia of BRI has seen an upsurge of BRI related investments with Chinarelated
    [Show full text]
  • Companies Facing Challenges in China
    500 North Michigan Avenue, Suite 300, Chicago, IL 60611-3775, United States T (312) 396 4155 F (312) 396 4156 15 West 53rd Street, Suite 9J New York, NY 10019 United States T (917) 863 4255 A 2903, Chaowai SOHO, No.6 B Chaowai Street, Beijing 100020, China T (8610) 5900 4733 F (8610) 5900 4732 69A Tras Street Singapore 079008 T (65) 6221 1284 F (65) 6221 1120 www.r3jlb.com Companies with China Challenges There are few markets in the world as challenging to do business in as China right now. We saw this very detailed article in the most recent issue of CBN Weekly that addressed just this point- focusing on which companies are currently struggling in China and what mistakes were made along the way. There are 7 reasons as to why these companies are encountering problems in China, as outlined in the table below; Products/Core Users/ Market Policy Company Leadership Business Ethics Accident Competence Channels Response Environment Gome Tencent BYD AVON Foxconn Chery Google Mengniu NBA China Huiyuan SZ Airlines Lining HP CRCC Gemdale Maison Mode New Huadu Mecoxlane China Mobile SDO NOTES: 1. According to the chart above, for Chinese companies the main issue is ensuring quality of products and level of service 2. Accident and Policy/Environment are external reasons, whilst all other issues present the most common cause for struggling in China, as detailed below AGENCY RELATIONSHIP + REMUNERATION + REVIEW CONSULTANT Chicago New York Miami Beijing Singapor Hewlett Packard: Within only one year, HP almost lost 50% of its market share in China, and sales of PCs no longer register in the top three.
    [Show full text]
  • 2016 Corporate Social Responsibility Report of China Vanke Co., Ltd
    万科企业股份有限公司 nd ANNIVERSARY 2016 32 年 企业社会责任报告 CORPORATE SOCIAL RESPONSIBILITY REPORT About the Report Contents Introduction The 2016 Corporate Social Responsibility Report of China Vanke Co., Ltd. is the 10th CSR report issued by the 02 Our Performance in 2016 Vanke Group since 2007. It provides a detailed disclosure of Vanke's practice and performance in areas such as 71 operation, environment and society in 2016 based on the principles of objectivity, normativity, transparence and 01 02 03 Company Profile comprehensiveness. ESG Index Message About 04 Corporate Governance The report is compiled under the Environmental, Social and Governance Reporting Guide (the "Guide") issued by The 06 Responsibility Management Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") in 2015, and conforms to the applicable Vanke general disclosure requirements of the Guide. With respect to the key performance indicators specified in "Subject Area A. Environment" of the Guide, we will create relevant systems in 2017 in accordance with the Guide to collect, compute 73 and manage the indicators and begin to disclose our environmental performance in 2018. Feedback Period From January 1 to December 31, 2016. To make the report more comparable, some parts of it may trace back to previous years. Release cycle This is an annual report. The last report was released in March 2016. Report scope The report covers China Vanke Co., Ltd., operating subsidiaries of Vanke in the People's Republic of China and Vanke's businesses in the US, the UK, Singapore
    [Show full text]
  • NORMAN ZHONG Partner Fangda Partners +86 21 2208 1138 +852 3796 8813 [email protected] PRACTICE AREAS MR
    NORMAN ZHONG Partner Fangda Partners +86 21 2208 1138 +852 3796 8813 [email protected] PRACTICE AREAS MR. NORMAN ZHONG HAS EXTENSIVE EXPERIENCE IN THE AREAS OF MERGERS & ACQUISITIONS, PRIVATE EQUITY, OUTBOUND INVESTMENT, FDI, FUND FORMATION AND CORPORATE FINANCE. REPRESENTATIVE MATTERS AND CASES Norman has advised multinational investors in some of the most significant acquisitions, joint ventures and investments in China. Representative transactions include: Represented Aupu Group (HKSE: 00477) in its delisting from the Hong Kong Stock Exchange, subsequent investments by various PE firms and as issuer’s counsel for its listing on the A share stock exchange (603551) Represented Catalent Pharma Solutions (a Blackstone portfolio company), in Catalent’s acquisition of Zhejiang JYT Bio Technology Ltd.; the subsequent strategic reorganization; represented Catalent in its sale of JYT to Aland Nutrition Holding Represented Cargotec in its joint venture with Jiangsu Rainbow Heavy Industries Co., Ltd in Jiangsu; Cargotec (Hiab unit) in its truck crane joint venture with Sinotruk Group Represented China Export Bank, JPMorgan, Hainan Airlines, Siemens and other sponsors in the formation of the first Sino-foreign joint venture credit guarantee company with a registered capital of approximately RMB5.1 billion Represented China Resources Enterprise in its acquisition of Tesco’s China business and the subsequent US$16.2 billion joint venture with Tesco, the largest Sino-foreign joint venture in the China retail sector at the time 1 Represented
    [Show full text]
  • 金 蝶 國 際 軟 件 集 團 有 限 公 司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 268)
    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 2016 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 2016, together with the comparative audited consolidated figures for the year ended 31 December 2015 are as follows: Financial highlights for the year ended 31 December 2016 - Turnover increased by approximately 22.8% compared with 2015 to approximately RMB1,862,207,000. - Profit attributable to owners of the Company during the year was approximately RMB288,230,000, increased by approximately 172.5% compared with RMB105,766,000 in 2015. - Basic earnings per share attributable to owners of the Company during the year was approximately RMB0.0998, increased by approximately 161.3% compared with RMB0.0382 in 2015. - The board of directors did not recommend the payment of a final
    [Show full text]
  • China Vanke (A-1)
    9-314-104 REV: MAY 9, 2014 L Y N N S . P A I N E JOHN MACOMBER K E I T H C H I - H O W O N G China Vanke (A-1) For me, long term is five to ten years. For Wang Shi it’s way out there—beyond imagination. Twenty years ago when Vanke was still a very small company, he already had a very grand vision that I thought was impossible to achieve. Twelve years ago when I became the general manager, we were only a two billion RMB company. He was thinking what Vanke might look like if it's a 100 billion company. I couldn’t have imagined that we’d achieve that goal in less than 10 years. — Yu Liang, President, China Vanke China Vanke president Yu Liang surveyed the densely developed expanse of land below as his plane touched down in the southern city of Shenzhen in November 2011. Yu was eager to get back to the company’s headquarters in the suburbs of Shenzhen after several days on the road meeting with subsidiary heads, construction partners, and government officials across China. Under the leadership of its founder Wang Shi, China Vanke Co. Ltd. (Vanke) had grown from a small trading firm to China’s largest homebuilder, successfully navigating the tumultuous mix of volatile markets and ever-changing government policies that characterized China’s real estate market. For 2011, Vanke expected to sell some 10.7 million square meters of floor area, or more than 120,000 homes valued at over 120 billion RMB (about US $20 billion).1 Nonetheless, the year had been a slow one for the industry, as the central government introduced successive waves of austerity measures to bring down skyrocketing prices.
    [Show full text]
  • Schedule of Investments (Unaudited) Blackrock Advantage Emerging Markets Fund January 31, 2021 (Percentages Shown Are Based on Net Assets)
    Schedule of Investments (unaudited) BlackRock Advantage Emerging Markets Fund January 31, 2021 (Percentages shown are based on Net Assets) Security Shares Value Security Shares Value Common Stocks China (continued) China Life Insurance Co. Ltd., Class H .................. 221,000 $ 469,352 Argentina — 0.0% China Longyuan Power Group Corp. Ltd., Class H ....... 52,000 76,119 (a) 313 $ 60,096 Globant SA .......................................... China Mengniu Dairy Co. Ltd.(a) ......................... 15,000 89,204 Brazil — 4.9% China Merchants Bank Co. Ltd., Class H ................ 36,000 275,683 Ambev SA ............................................. 236,473 653,052 China Overseas Land & Investment Ltd.................. 66,500 151,059 Ambev SA, ADR ....................................... 94,305 263,111 China Pacific Insurance Group Co. Ltd., Class H......... 22,000 90,613 B2W Cia Digital(a) ...................................... 20,949 315,188 China Railway Group Ltd., Class A ...................... 168,800 138,225 B3 SA - Brasil Bolsa Balcao............................. 33,643 367,703 China Resources Gas Group Ltd. ....................... 30,000 149,433 Banco do Brasil SA..................................... 15,200 94,066 China Resources Land Ltd. ............................. 34,000 134,543 BRF SA(a).............................................. 22,103 85,723 China Resources Pharmaceutical Group Ltd.(b) .......... 119,500 62,753 BRF SA, ADR(a) ........................................ 54,210 213,045 China Vanke Co. Ltd., Class A .......................... 67,300 289,157 Cia de Saneamento de Minas Gerais-COPASA .......... 52,947 150,091 China Vanke Co. Ltd., Class H .......................... 47,600 170,306 Duratex SA ............................................ 19,771 71,801 CITIC Ltd............................................... 239,000 186,055 Embraer SA(a).......................................... 56,573 90,887 Contemporary Amperex Technology Co. Ltd., Class A .... 1,700 92,204 Gerdau SA, ADR ......................................
    [Show full text]