DOCSLIB.ORG

Announcement of Audited Results for the Year Ended December 31, 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Announcement of Audited Results for the Year Ended December 31, 2014 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. (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2318) ANNOUNCEMENT OF AUDITED RESULTS FOR THE YEAR ENDED DECEMBER 31, 2014 The Board of Directors of Ping An Insurance (Group) Company of China, Ltd. (the “Company”) hereby announces the audited results of the Company and its subsidiaries for the year ended December 31, 2014. This announcement, containing the full text of the 2014 Annual Report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“the Hong Kong Stock Exchange”) in relation to information to accompany preliminary announcement of annual results. Both the Chinese and English versions of this results announcement are available on the websites of the Company (www.pingan.com) and the Hong Kong Stock Exchange (www.hkexnews.hk). Printed version of the Company’s 2014 Annual Report will be delivered to the holders of H share of the Company and available for viewing on the websites of the Hong Kong Stock Exchange (www.hkexnews.hk) and the Company(www.pingan.com) in late April 2015. By order of the Board of the Directors Ma Mingzhe Chairman and Chief Executive Officer Shenzhen, PRC, March 19, 2015 As at the date of this announcement, the Executive Directors of the Company are Ma Mingzhe, Sun Jianyi, Ren Huichuan, Yao Jason Bo, Lee Yuansiong and Cai Fangfang; the Non-executive Directors are Fan Mingchun, Lin Lijun, Li Zhe, Soopakij Chearavanont, Yang Xiaoping and Lu Hua; the Independent Non-executive Directors are Tang Yunwei, Lee Carmelo Ka Sze, Woo Ka Biu Jackson, Stephen Thomas Meldrum, Yip Dicky Peter, Wong Oscar Sai Hung and Sun Dongdong. Contents ABOUT US FINANCIAL STATEMENTS i Five-Year Summary 142 Independent Auditor’s Report 1 Introduction 143 Consolidated Statement of Income 2 Ping An Milestones 144 Consolidated Statement of Comprehensive 3 Business Performance at a Glance Income 4 Chairman’s Statement 145 Consolidated Statement of Financial Position 8 Vision and Strategy 146 Consolidated Statement of Changes in Equity 10 Honors and Awards 147 Consolidated Statement of Cash Flows 148 Statement of Financial Position OUR PERFORMANCE 149 Notes to Consolidated Financial Statements 12 Management Discussion and Analysis OTHER INFORMATION 12 Overview 277 Definition 14 Insurance Business 280 Corporate Information 30 Banking Business 36 Investment Business 46 Internet Finance 50 Integrated Finance 54 Embedded Value 61 Liquidity and Financial Resources 64 Risk Management 72 Corporate Social Responsibility 74 Prospects on Future Development CORPORATE GOVERNANCE 78 Changes in the Share Capital and Shareholders’ Profile 92 Directors, Supervisors, Senior Management and Employees 106 Corporate Governance Report 124 Report of the Board of Directors 130 Report of the Supervisory Committee 132 Significant Events Cautionary Statements Regarding Forward-Looking Statements To the extent any statements made in this report contains information that is not historical are essentially forward-looking. These forward-looking statements include but are not limited to projections, targets, estimates and business plans that the Company expects or anticipates will or may occur in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may be general or specific. Certain statements, such as those include the words or phrases “potential”, “estimates”, “expects”, “anticipates”, “objective”, “intends”, “plans”, “believes”, “will”, “may”, “should”, and similar expressions or variations on such expressions may be considered forward-looking statements. Readers should be cautioned that a variety of factors, many of which are beyond the Company’s control, affect the performance, operations and results of the Company, and could cause actual results to differ materially from the expectations expressed in any of the Company’s forward-looking statements. These factors include, but are not limited to, exchange rate fluctuations, market shares, competition, environmental risks, changes in legal, financial and regulatory frameworks, international economic and financial market conditions and other risks and factors beyond our control. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. In addition, the Company undertakes no obligation to publicly update or revise any forward-looking statement that is contained in this report as a result of new information, future events or otherwise. None of the Company, or any of its employees or affiliates is responsible for, or is making, any representations concerning the future performance of the Company. Technology Brings Integrated Finance to Life We achieve for you Steady growth of returns To clamber up the mountain of wealth With professionalism we maximize value. We create for you Professional and efficient services And experience the lofty new heights of cloud technology With technology, possibilities are limitless. When integrated finance soars with wings of technology “One gate” is opened Leading to the experience of “one-stop” services. Technology brings integrated finance to life Expertise makes life simple. Ping An rises above the competition and develops through innovation. As core finance and internet finance businesses place each other in the spotlight and grow in tandem, Ping An has become one of the leading personal financial services groups in China. It is the personal integrated financial services provider with the largest number of financial service licenses, widest range of business offering and tightest shareholding structure. Ping An has set the goal of becoming a global leading personal financial services provider. Ping An aims to enhance the customer experience. The innovative “Ping An Chariot” management model was created. We focused on the needs of health, food, housing, transportation, and entertainment, and embedded our services into the daily lives of our customers. We created a mobile social financial services platform, formed a preliminary internet financial strategic system of “One Gate, Two Focuses, Four Markets” to help customers manage their wealth, health and lives, and offer them a faster, more convenient and efficient financial services experience. Ping An of China: Expertise makes life simple. Five-Year Summary (in RMB million) 2014 2013 2012 2011 2010 GROUP Total income 530,020 421,221 339,193 272,244 195,814 Net profit 47,930 36,014 26,750 22,582 17,938 Net profit attributable to shareholders of the parent company 39,279 28,154 20,050 19,475 17,311 Basic earnings per share (in RMB) 4.93 3.56 2.53 2.50 2.30 Total assets 4,005,911 3,360,312 2,844,266 2,285,424 1,171,627 Total liabilities 3,652,095 3,120,607 2,634,617 2,114,082 1,054,744 Total equity 353,816 239,705 209,649 171,342 116,883 Equity attributable to shareholders of the parent company 289,564 182,709 159,617 130,867 112,030 Investment portfolio of insurance funds 1,474,098 1,230,367 1,074,188 867,301 762,953 Net investment yield of insurance funds (%) 5.3 5.1 4.7 4.5 4.2 Total investment yield of insurance funds (%) 5.1 5.1 2.9 4.0 4.9 Embedded value 458,812 329,653 285,874 235,627 200,986 Group solvency margin ratio (%) 205.1 174.4 185.6 166.7 197.9 INSURANCE BUSINESS Life Insurance Business Written premiums 252,730 219,358 199,483 187,256 164,448 Net profit 15,689 12,219 6,457 9,974 8,417 Net investment yield (%) 5.3 5.1 4.7 4.5 4.3 Total investment yield (%) 5.0 5.0 2.8 4.1 5.0 Embedded value 264,223 203,038 177,460 144,400 121,086 Solvency margin ratio – Ping An Life (%) 219.9 171.9 190.6 156.1 180.2 Property and Casualty Insurance Business Premium income 143,150 115,674 99,089 83,708 62,507 Net profit 8,807 5,856 4,648 4,979 3,865 Net investment yield (%) 5.3 5.3 4.8 4.6 4.0 Total investment yield (%) 5.6 5.4 3.3 3.9 4.2 Combined ratio (%) 95.3 97.3 95.3 93.5 93.2 Solvency margin ratio – Ping An Property & Casualty (%) 164.5 167.1 178.4 166.1 179.6 BANKING BUSINESS(2) Net interest income 53,046 40,688 33,036 18,371 5,438 Net profit 19,802 15,231 13,512 7,977 2,882 Net interest spread (%) 2.40 2.14 2.19 2.33 2.18 Net interest margin (%) 2.57 2.31 2.37 2.51 2.30 Cost/income ratio (%) 36.33 40.77 39.41 44.17 52.87 Total deposits 1,533,183 1,217,002 1,021,108 850,845 182,118 Total loans 1,024,734 847,289 720,780 620,642 130,798 Capital adequacy ratio (%)(3) 10.86 9.90 11.37 11.51 10.96 Non-performing loan ratio (%) 1.02 0.89 0.95 0.53 0.41 Provision coverage ratio (%) 200.90 201.06 182.32 320.66 211.07 INVESTMENT BUSINESS Trust Business(4) Total income 6,538 4,732 4,231 2,407 2,155 Net profit 2,199 1,962 1,484 1,063 1,039 Assets held in trust 399,849 290,320 212,025 196,217 136,955 Securities Business Total income 4,026 2,758 2,897 3,080 3,850 Net profit 924 510 845 963 1,594 (1) Certain comparative figures have been reclassified or restated to conform to relevant period’s presentation.
Load more

Recommended publications
  • Shenzhen Investment (604
    Equities Hong Kong/China Initial Coverage Company Report Shenzhen Investment (604 HK) 3 August 2016 HK & China / Property Uprising with Shenzhen Headquartered in Shenzhen and having listed on HKEx for over 19 BUY years, SZI is the largest property developer operated under the Share Target administration of Shenzhen SASAC. Owning 12 projects in Upside Shenzhen and 17 in other cities covering industrial, commercial Price Price and residential estates, SZI’s business is mainly divided into three HK$3.21 HK$5.05 57.32% components: property development, property leasing and operating, property management. (as of 1 August 2016) Unparalleled advantage in land acquisition. Benefiting from being the largest exchange-listed real estate developer under August Zhan Shenzhen SASAC, SZI has been enjoying the surging Shenzhen (852) 2106 8172 market ever since the corporate shifted its prime focus back to [email protected] Shenzhen in 2012. In FY15, SZI recorded 7.02 million sq m net sales area in Shenzhen, contributing for 57% of its total FY15 52 Range (HK$) 2.4-3.72 contracted sales, and the ASP for Shenzhen area was Rmb52,598/sq m compared with nationwide Rmb16,857/sq m. In DVD yield % 5.03 FY15, the gross profit margin for Shenzhen projects stood at 49.6% compared with 39.8% for other tier-1 cities and 10.5% for Latest Key Data tier-2 cities and under. FF no of shares (m) -H share 2,898 Solid yet ambitious financial position. With SZI’s further FF (%) -H share 39.24 issuance of domestic corporate bonds (approved quota of FF market cap (HK$ m) 9,302 Rmb20bn, around 45% was issued by the end of FY15) and new 12M daily turnover (HK$ m) 43.20 capital shares, we expect its cost of borrowing to further decline to 12M volatility (%) 47.92 below 4.5% in FY16E and 4.2% in FY18E.
    [Show full text]
  • Class of 2015 Student Profiles
    Johns Hopkins Carey Business School Johns Hopkins Carey Business School Edward St. John Real Estate Program Edward St. John Real Estate Program FT-MSREI Class of 2015 Student Profiles Class of 2015 FT-MSREI • Two-time NAIOP Capital Challenge Winner Full-time Master of Science • Full-time (FT) and Part-time (PT) Programs in Real Estate and Infrastructure • MS and MBA Degrees in Real Estate and Infrastructure • Locations in Baltimore, MD and Washington, D.C. • 24+ Year Old Program Since 1991 • 1,000+ MS Real Estate Alumni • 125+ Current MS Students • CCIM Accreditation in Commercial Investments • Appraisal Insitute Accreditation for MAI Credits • RICS Partnership and University Accreditation Full-time Master of Science in Real Estate and Infrastructure Class of 2015 • 12-Month Intensive Program • 33 Full-time MSREI Candidates • 36-credit Program MAR 2015 Class of 2015 Student Profiles Edition • 18 Courses • 30+ Skill-based Workshops • 20+ Guest Speakers • 5+ Field Trips and Site Visits • 2 International Real Estate Competitions March 2015 Edition March 2015 • 1 Full-time Internship • 1 Regional Real Estate Competition • LEED GA Accreditation • LEED AP Accreditation • ARGUS Certification FULL-TIME MASTER OF SCIENCE IN REAL ESTATE AND INFRASTRUCTURE CLASS OF 2015 STUDENT PROFILES MARCH 2015 EDITION The latest PDF version can be found at: www.dankohlhepp.com Available under the Education section 1625 Massachusetts Avenue NW, Suite 100 Washington, DC 20036 http://carey.jhu.edu/realestate CONTENTS I. INTRODUCTION ................................................................................ 1 II. STUDENT PROFILES ........................................................................ 3 III. FULL-TIME MSREI ......................................................................... 37 III-1. The FT MSREI Academic Program ............................ 38 III-2. Workshops ......................................................................... 40 III-3. Guest Speakers & Presentations ...............................
    [Show full text]
  • Share and Connected Transactions
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in Greentown China Holdings Limited, you should at once hand this circular to the purchaser or transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for onward transmission to the purchaser or the transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular. GREENTOWN CHINA HOLDINGS LIMITED * (Incorporated in the Cayman Islands with limited liability) (Stock Code: 3900) SHARE AND CONNECTED TRANSACTIONS The Independent Financial Adviser to the Independent Board Committee and the Shareholders A letter from the Board is set out on pages 6 to 16 of this circular and a letter from the Independent Board Committee is set out on pages 17 to 18 of this circular. A letter from Hercules Capital, the Independent Financial Adviser to the Independent Board Committee and the Shareholders, containing its advice to the Independent Board Committee and the Shareholders in relation to the Acquisition is set out on pages 19 to 36 of this circular.
    [Show full text]
  • DFA INVESTMENT DIMENSIONS GROUP INC Form NPORT-EX Filed
    SECURITIES AND EXCHANGE COMMISSION FORM NPORT-EX Filing Date: 2019-09-30 | Period of Report: 2019-07-31 SEC Accession No. 0001752724-19-129424 (HTML Version on secdatabase.com) FILER DFA INVESTMENT DIMENSIONS GROUP INC Mailing Address Business Address 6300 BEE CAVE ROAD 6300 BEE CAVE ROAD CIK:355437| IRS No.: 363129984 | State of Incorp.:MD | Fiscal Year End: 1031 BUILDING ONE BUILDING ONE Type: NPORT-EX | Act: 40 | File No.: 811-03258 | Film No.: 191125055 AUSTIN TX 78746 AUSTIN TX 78746 (512) 306-7400 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document SELECTIVELY HEDGED GLOBAL EQUITY PORTFOLIO SCHEDULE OF INVESTMENTS July 31, 2019 (Unaudited) Shares Value† AFFILIATED INVESTMENT COMPANIES — (100.0%) Investment in U.S. Core Equity 2 Portfolio of DFA Investment Dimensions Group Inc. 9,403,760 $211,302,493 Investment in International Core Equity Portfolio of DFA Investment Dimensions Group Inc. 10,310,486 130,840,067 Investment in Emerging Markets Core Equity Portfolio of DFA Investment Dimensions Group Inc. 3,534,273 72,028,480 TOTAL INVESTMENTS IN AFFILIATED INVESTMENT COMPANIES (Cost $342,503,851)^^ $414,171,040 As of July 31, 2019, Selectively Hedged Global Equity Portfolio had entered into the following forward currency contracts and the net unrealized forward currency gain (loss) is reflected in the accompanying financial statements: Unrealized Foreign Exchange Settlement Appreciation Currency Purchased Currency Sold Counterparty Date (Depreciation) USD 18,823,847 GBP 14,866,173 Citibank, N.A. 08/01/19 $ 745,099 USD 3,344,317 SEK 31,085,997 Bank of America Corp.
    [Show full text]
  • Sinolink Securities (Hong Kong) Company Limited 1/12/2016 1 長和 70% 2 中電控股 70% 3 香港中華煤氣 70% 4 九龍倉集團 70% 5 匯豐控股 70% 6 電能實業 70% 7 Hoifu Energy Group Ltd
    Sinolink Securities (Hong Kong) Company Limited 1/12/2016 1 長和 70% 2 中電控股 70% 3 香港中華煤氣 70% 4 九龍倉集團 70% 5 匯豐控股 70% 6 電能實業 70% 7 Hoifu Energy Group Ltd. 20% 8 電訊盈科 60% 9 NINE EXPRESS LTD 20% 10 恒隆集團 60% 11 恒生銀行 70% 12 恒基地產 70% 14 希慎興業 60% 15 Vantage International (Holdings) Ltd. 50% 16 新鴻基地產 70% 17 新世界發展 70% 18 Oriental Press Group Ltd. 15% 19 太古股份公司Ａ 70% 20 會德豐 60% 22 Mexan Ltd. 15% 23 東亞銀行 70% 25 Chevalier International Holdings Ltd. 20% 26 China Motor Bus Co., Ltd. 25% 27 銀河娛樂 70% 28 TIAN AN CHINA INVESTMENTS CO LTD 40% 29 Dynamic Holdings Ltd. 40% 31 China Aerospace International Holdings Ltd. 55% 32 Cross-Harbour (Holdings) Ltd., The 35% 33 Asia Investment Finance Group Ltd. 15% 34 Kowloon Development Co. Ltd. 40% 35 Far East Consortium International Ltd. 50% 38 第一拖拉機股份 50% 39 China Beidahuang Industry Group Holdings Ltd. 10% 41 Great Eagle Holdings Ltd. 60% 42 Northeast Electric Development Co. Ltd. - H Shares 40% 43 C.P. POKPHAND 40% 44 Hong Kong Aircraft Engineering Co. Ltd. 45% 45 Hongkong and Shanghai Hotels, Ltd., The 40% 46 Computer And Technologies Holdings Ltd. 15% 47 Hop Hing Group Holdings Ltd. 15% 48 China Automotive Interior Decoration Holdings Ltd. 20% 50 Hong Kong Ferry (Holdings) Co. Ltd. 35% 51 Harbour Centre Development Ltd. 15% 52 Fairwood Holdings Ltd. 55% 53 GUOCO GROUP 40% 54 合和實業 60% 55 NEWAY GROUP HOLDINGS LTD 20% 56 Allied Properties (HK) Ltd. 35% 57 Chen Hsong Holdings Ltd. 10% 58 Sunway International Holdings Ltd.
    [Show full text]
  • China Property Sector
    China / Hong Kong Industry Focus China Property Sector Refer to important disclosures at the end of this report DBS Group Research . Equity 19 Jul 2018 1H18 results preview: Interim results likely to serve as positive catalysts HSI: 28,117 Most developers likely to post double-digit core ANALYST earnings growth; high overall dividend yield but not Danielle WANG CFA, +852 2820 4915 expecting any surprises [email protected] Ken HE CFA, +86 21 6888 3375 Expect gearing to be higher than end-2017, and funding [email protected] cost to be higher as well Carol WU +852 2863 8841 Most are likely to maintain their presales targets except [email protected] Jason LAM +852 2971 1773 for China Jinmao (817 HK) and Shui On Land (272 HK) [email protected] Prefer Shimao (813 HK), Evergrande (3333 HK), and Country Garden (2007 HK) Top picks Expect decent core earnings growth with strong growth in top line, but higher net debt ratio and funding costs. Overall, most T arget Mk t F Y19F of the developers are likely to enjoy double-digit growth in core Price Price Rec Cap PE earnings. Evergrande (3333 HK), Country Garden (2007 HK), HK$ HK$ US$bn x Aoyuan (3383 HK), CIFI (884 HK), Longfor (960 HK), CR Land Country Garden (1109 HK), KWG (1813 HK), and GZ R&F (2777 HK) are likely to 12.52 20.65 BUY 34.8 4.0 (2007 HK) report over 30% y-o-y growth in core earnings with stable gross Evergrande margins. Although some investors are expecting new revenue 20.40 40.51 BUY 34.4 4.4 booking method under IFRS 15 starting from 2018 will (3333 HK) Shimao Property accelerate developers’ revenue book and in turn help earning 21.15 28.77 BUY 9.2 5.5 growth, our discussions with developers indicate that most of (813 HK) them expect limited impact on their earnings.
    [Show full text]
  • CUNY 9-30-14 Holdings W $ Amounts.Xlsx
    City University of New York (CUNY) Portfolio Holdings by Manager as of September 30, 2014 Manager A Total Size of Holding Region/Country/Security ($000) North America - Dev. United States Yum Brands Inc 120.2 Europe - Dev. Luxembourg Tenaris Sa 246.3 Portugal Jeronimo Martins 97.1 United Kingdom Bhp Billiton Plc 118.0 Sabmiller Plc 208.3 Standard Chart Plc 217.2 Asia/Pacific - Dev. Hong Kong Aia Group Ltd 276.7 China Mobile Ltd 355.1 Hang Lung Group 127.5 Hang Lung Prop 113.7 Swire Pacific 217.1 Swire Pacific 39.5 Swire Properties L 44.7 Europe - Emg. Hungary Danubius Hotel 0.0 Gedeon Richter Plc 115.2 Legend: EGR* = Earnings Growth Rate, "---" = Not Available Sources: MSCI Inc. and FactSet Fundamentals City University of New York (CUNY) Portfolio Holdings by Manager as of September 30, 2014 Manager A Total Size of Holding Region/Country/Security ($000) Poland Bk Pekao 197.4 Russia Lukoil Oil Company 280.9 Magnit Pjsc 178.6 Turkey Akbank 172.7 Bim Birlesik Magaz 151.5 T Garanti Bankasi 168.1 South/Latin America - Emg. Brazil Bco Bradesco Sa 8.7 Bradesco Banco 291.1 Cia Souza Cruz 99.8 Lojas Renner Sa 115.9 Multiplan Empreend 97.3 Petrobras-Petroleo Brasilier 193.3 Petrobras-Petroleo Brasilier 23.6 Ultrapar Participa 219.5 Vale Sa 244.7 Vale Sa 37.1 Chile Banco Santander-Chile 132.6 Mexico Consorcio Ara Sab 1.6 Fomento Economico Mexicano 302.2 Gpo Fin Banorte 249.9 Grupo Aeroportuario Sureste 125.7 Organizaci Soriana 52.1 Legend: EGR* = Earnings Growth Rate, "---" = Not Available Sources: MSCI Inc.
    [Show full text]
  • Yuzhou Properties Co
    Property Development│Hong Kong│January 15, 2018 Company Note Insert Insert Hong Kong Yuzhou Properties Co Ltd ADD (no change) M&As will drive share price in 2018F Consensus ratings*: Buy 12 Hold 1 Sell 0 ■ Yuzhou announced it is acquiring some of Coastal Greenland's core properties for Current price: HK$4.89 Rmb3.8bn. Its total saleable resources will rise to Rmb280bn after the acquisition. Target price: HK$6.60 ■ Deal's key properties are located in Beijing, Tianjin, Shenyang and Wuhan. Tianjin project accounts for Rmb83bn of sales value. Previous target: HK$6.00 ■ FY18F sales target at Rmb60bn, +50% vs. FY17. Faster-than-expected sales growth Up/downside: 35.0% and potential M&As are the catalysts to share price, in our view. CIMB / Consensus: 10.6% ■ 10% NAV accretion, lifting TP to HK$6.6. Maintain Add. Reuters: 1628.HK Acquiring Coastal Greenland’s core properties for Rmb3.8bn Bloomberg: 1628 HK Yuzhou after market closed today announced it is acquiring some of Coastal Greenland's Market cap: US$2,616m (1124 HK, Not rated) core properties for a total consideration of Rmb3.8bn. Management HK$20,465m held a conference call to explain the details of the deal and provide some business Average daily turnover: US$6.53m updates to investors. The deal is expected to be completed by May 2018, subject to HK$50.25m approval from Coastal Greenland’s shareholders, according to management. Current shares o/s: 3,245m Saleable resource to increase from Rmb240bn to Rmb280bn Free float: 31.8% The properties to be acquired are located in Beijing, Tianjin, Shenyang and Wuhan, with *Source: Bloomberg combined attributable GFA of 3.1m sq m and estimated sales value of Rmb99bn (gross) or Rmb40bn (attributable), according to management.
    [Show full text]
  • Morning Bulletin News Headlines
    Hong Kong 23 December 2008 Morning Bulletin News Headlines Analysts: Edward FUNG 852-2268-0632 • Discount Table - “A” and “H” shares ...............................................2 [email protected] • China Mobile (941 HK) and China Telecom (728 HK) - operational Ivan CHEUNG, CFA 852-2268-0634 statistics of November .......................................................................3 [email protected] • New CDMA service launched by China Telecom (728 HK) .............3 Ivan LI, CFA 852-2268-0641 • PBOC lowers interest rates and reserve ratios ...............................4 [email protected] Larry GRACE • Fu Ji Food & Catering Services (1175 HK, HK$3.36) - interim 852-2268-0630 results review......................................................................................5 [email protected] • Coastal Greenland (1124 HK) to increase sales for welfare TAM Tsz Wang, CFA 852-2268-0636 housing drive ......................................................................................6 [email protected] • Significant Insiders.............................................................................7 Emily LEE 852-2268-0631 • Short Selling Record ........................................................................11 [email protected] Jacqueline KO 852-2268-0633 [email protected] Index Indicator Last % Chg HSI 14,622 -3.34 HSCEI 8,138 -3.52 Light Crude 38.59 -7.46 Baltic Dry Index 801 -2.08 ADRs HK$ HK Equiv.* close HSBC 72.24 74.05 China Mobile 77.53 77.00 Petrochina 6.68 6.81 CNOOC
    [Show full text]
  • Interim Report 2017 INTERIM REPORT 中期報告 2017 Shenzhen Investment Limited Interim Report 2017 Contents
    股份代號 Stock Code: 00604 二 零 一 七 年 中 期 報 告 Interim Report 2017 INTERIM REPORT 中期報告 2017 Shenzhen Investment Limited Interim Report 2017 Contents 2 Corporate Information 3 Chairman’s Statement 8 Management Discussion and Analysis 22 Report on Review of Interim Financial Report Interim Financial Report 24 Consolidated Statement of Profit or Loss 25 Consolidated Statement of Profit or Loss and Other Comprehensive Income 26 Consolidated Statement of Financial Position 28 Consolidated Statement of Changes in Equity 30 Condensed Consolidated Cash Flow Statement 31 Notes to the Unaudited Interim Financial Report 73 Disclosure of Interests 76 Other Information 1 Shenzhen Investment Limited Interim Report 2017 Corporate Information Executive Directors Principal Bankers Dr. LU Hua, Chairman Bank of China (Hong Kong) Ltd. Mr. HUANG Wei, President DBS Bank Ltd., Hong Kong Branch Mr. MOU Yong The Bank of East Asia, Ltd. Mr. LIU Chong China Construction Bank (Asia) Corporation Ltd. Shanghai Pudong Development Bank Co., Ltd. Non-Executive Directors Hong Kong Branch Hang Seng Bank Ltd. Dr. WU Jiesi Nanyang Commercial Bank Ltd. Mr. HUANG Yige (Resigned on 18 January 2017) Wing Lung Bank Ltd. Mr. LIU Shichao (Appointed on 18 January 2017) Registered Office Independent Non-Executive 8th Floor, New East Ocean Centre, Directors 9 Science Museum Road, Tsim Sha Tsui, Mr. WU Wai Chung, Michael Kowloon, Hong Kong Mr. LI Wai Keung Dr. WONG Yau Kar, David Share Listing The Stock Exchange of Hong Kong Limited Company Secretary (Stock code: 00604) Mr. LEE Ka Sze, Carmelo Share Registrar Auditors Tricor Standard Limited KPMG Level 22 Hopewell Centre, Certified Public Accountants 183 Queen’s Road East, Hong Kong Hong Kong Website Legal Adviser www.shenzheninvestment.com Woo, Kwan, Lee & Lo, Solicitors & Notaries 2 Shenzhen Investment Limited Interim Report 2017 Chairman’s Statement In the first half of 2017, the impact of real estate macro-control policies, including price control and destocking, varied obviously among cities.
    [Show full text]
  • Interim Report 2020 Contents
    股份代號 Stock Code: 00604 Interim Report 中期報告 2020 2020 年中期報告 Interim Report 2020 Contents 2 Corporate Information 3 Chairman’s Statement 11 Management Discussion and Analysis 26 Report on Review of Interim Financial Report 28 Interim Financial Report 28 Consolidated Statement of Profit or Loss 29 Consolidated Statement of Profit or Loss and Other Comprehensive Income 30 Consolidated Statement of Financial Position 32 Consolidated Statement of Changes in Equity 34 Condensed Consolidated Cash Flow Statement 35 Notes to the Unaudited Interim Financial Report 75 Disclosure of Interests 78 Other Information Shenzhen Investment Limited 1 Interim Report 2020 Corporate Information Executive Directors Principal Bankers Dr. LU Hua, Chairman Bank of China (Hong Kong) Limited Mr. HUANG Wei, President DBS Bank Ltd., Hong Kong Branch Mr. MOU Yong (Retired on 26 May 2020) China Construction Bank Corporation, Ms. CAI Xun (Appointed on 27 August 2020) Hong Kong Branch Mr. LIU Chong (Resigned on 23 July 2020) The Bank of East Asia, Limited Mr. DONG Fang (Appointed on 23 July 2020) Industrial and Commercial Bank of Mr. LIU Shichao (Re-designated from China (Asia) Limited Non-Executive Director on 23 July 2020) The Hongkong and Shanghai Banking Corporation Limited Non-Executive Director Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch Dr. WU Jiesi China Citic Bank International Limited Hang Seng Bank, Limited Independent Non-Executive CMB Wing Lung Bank, Limited Directors Mr. WU Wai Chung, Michael Registered Office Mr. LI Wai Keung 8th Floor, New East Ocean Centre, Dr. WONG Yau Kar, David 9 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong Company Secretary Mr.
    [Show full text]
  • The Impact of Merger and Acquisition Announcements on Firms' Stock
    The Impact of Merger and Acquisition Announcements on Firms’ Stock Performance: Evidence from Hong Kong Stock Market by Chen Liang A research project submitted in partial fulfillment of the requirements for the degree of Master of Finance Saint Mary’s University February 2013 Halifax, Nova Scotia Copyright by Chen Liang 2013 Approved: Dr. Colin Dodds Faculty Advisor Approved: Dr. Francis Boabong MFin Director Date: February 26, 2013 Acknowledgements I would like to sincerely express my gratitude to my supervisor Dr. J. Colin Dodds for all his instructive advice and useful suggestions on my paper. I am also deeply indebted to Dr. Francis Boabang for his guidance, help and encouragement to me. Special thanks should go to my loved family for their loving considerations and great confidence in me all through my study. I also owe my sincere gratitude to my friends and my fellow classmates who gave me their help in working out my problems during the difficult time of the thesis. ii Abstract The Impact of Merger and Acquisition Announcements on Firms’ Stock Performance: Evidence from Hong Kong Stock Market by Chen Liang This paper examines the impact of merger and acquisition (M&A) announcements made by companies listed on the Hong Kong Stock Exchange, acquiring domestic Hong Kong firms and cross border firms within Hong Kong from 2007 until 2012. The event study methodology is employed to detect whether abnormal returns exist around the announcement day. A sample size of 44 events is utilized. This study found that the M&A announcement effect is significant over the event period (day -2 to day 2) for those companies when the estimation period is day -90 to day -30.
    [Show full text]