Annual Report

Total Page:16

File Type:pdf, Size:1020Kb

Annual Report Annual Report 2018 Annual Report For more information, please refer to : 2018 CONTENTS DEFINITIONS 2 Section I Important Notes 5 Section II Company Profile and Major Financial Information 6 Section III Company Business Overview 17 Section IV Discussion and Analysis on Operation 22 Section V Directors’ Report 59 Section VI Other Significant Events 73 Section VII Changes in Shares and Information on Shareholders 87 Section VIII Directors, Supervisors, Senior Management and Staff 94 Section IX Corporate Governance Report 113 Section X Independent Auditor’s Report 139 Section XI Consolidated Financial Statements 144 Appendix I Information on Securities Branches 278 Appendix II Information on Branch Offices 314 China Galaxy Securities Co., Ltd. Annual Report 2018 1 DEFINITIONS “A Share(s)” domestic shares in the share capital of the Company with a nominal value of RMB1.00 each, which is (are) listed on the SSE, subscribed and traded in Renminbi “Articles of Association” the articles of association of the Company (as amended from time to time) “Board” or“ Board of Directors” the board of Directors of the Company “bp” unit of measurement for the change in interest rate of bonds and notes, one bp equals to 1% of a percentage point “CG Code” Corporate Governance Code and Corporate Governance Report set out in Appendix 14 to the Stock Exchange Listing Rules “Company” or“ We” China Galaxy Securities Co., Ltd(. 中國銀河證券股份有限公司), a joint stock limited company incorporated in the PRC on 26 January 2007, whose H Shares are listed on the Hong Kong Stock Exchange (Stock Code: 06881), the A Shares of which are listed on the SSE (Stock Code: 601881) “Company Law” the Company Law of the People’s Republic of China “CSRC” the China Securities Regulatory Commission(中國證券監督管理委員會) “Directors” directors of the Company “End of the Reporting Period” 31 December 2018 “ETF” exchange-traded funds “Futures IB Business” the business activities in which securities firms, as commissioned by futures companies, introduce clients to futures companies to provide futures brokerage and other related services “Galaxy Capital” Galaxy Capital Management Company Limited(銀河創新資本管理有限公司), owned as to 100% by the Company and a wholly-owned subsidiary of the Company “Galaxy Yuanhui” Galaxy Yuanhui Investment Co., Ltd(. 銀河源匯投資有限公司), owned as to 100% by the Company and a wholly-owned subsidiary of the Company “Galaxy Financial Holdings” China Galaxy Financial Holdings Limited(中國銀河金融控股有限責任公司), the controlling shareholder of the Company, which holds 51.16% of the issued share capital of the Company “Galaxy Fund Management” Galaxy Fund Management Company Limited(銀河基金管理有限公司), owned as to 50% by Galaxy Financial Holdings and a non-wholly owned subsidiary of Galaxy Financial Holdings “Galaxy Investment” China Galaxy Investment Management Company Limited(中國銀河投資管理有限公 司), owned as to 100% by Galaxy Financial Holdings and a wholly-owned subsidiary of Galaxy Financial Holdings “Galaxy Futures” Galaxy Futures Company Limited(銀河期貨有限公司), owned as to approximately 83.32% by the Company and a non-wholly owned subsidiary of the Company 2 China Galaxy Securities Co., Ltd. Annual Report 2018 DEFINITIONS “Galaxy International Holdings” China Galaxy International Financial Holdings Company Limited(中國銀河國際金融 控股有限公司), owned as to 100% by the Company and a wholly-owned subsidiary of the Company “Galaxy Jinhui” Galaxy Jinhui Securities Assets Management Co., Ltd(. 銀河金匯證券資產管理有限 公司), owned as to 100% by the Company and a wholly-owned subsidiary of the Company “Group” the Company and its subsidiaries “H Share(s)” overseas listed foreign shares in the share capital of the Company with a nominal value of RMB1.00 each, which is (are) listed on the Hong Kong Stock Exchange and are subscribed for and traded in HK dollars “HK$” or“ HK dollars” Hong Kong dollars, the lawful currency of Hong Kong “Hong Kong” the Hong Kong Special Administrative Region of the PRC “Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited “Huijin” Central Huijin Investment Ltd.( 中央滙金投資有限責任公司), which held an equity interest of 69.07% of Galaxy Financial Holdings “IPO” Initial Public Offering “Stock Exchange Listing Rules” the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (as amended from time to time) “margin and securities refinancing” a business in which securities firms can act as intermediaries to borrow funds or securities from the China Securities Finance Co., Ltd. and lend such funds and securities to their clients “Model Code” the Model Code for Securities Transactions by Directors of Listed Companies set out in the Appendix 10 to the Stock Exchange Listing Rules “New OTC Board” National Equities Exchange and Quotations for medium and small-sized enterprises “PRC” or“ China” the People’s Republic of China, and for the purposes of this report, excluding Hong Kong, Macau Special Administrative Region and Taiwan region “QDII” Qualified Domestic Institutional Investor “QFII” Qualified Foreign Institutional Investor “RMB” or“ Renminbi” Renminbi, the lawful currency of the PRC “Reporting Period” the period from 1 January 2018 to 31 December 2018 “RQFII” Renminbi Qualified Foreign Institutional Investor, a pilot program launched in the PRC which allows Hong Kong subsidiaries of PRC brokerage companies and fund houses to facilitate investments of offshore Renminbi into the PRC capital markets China Galaxy Securities Co., Ltd. Annual Report 2018 3 DEFINITIONS “SASAC” the State-owned Assets Supervision and Administration Committee of the State Counc(il 國務院國有資產監督管理委員會) “Securities Law” the Securities Law of the People’s Republic of China “SFC” the Securities and Futures Commission of Hong Kong “SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as amended, supplemented or otherwise modified from time to time “Singapore dollars” Singapore dollars, the lawful currency of Singapore “SHCI” the Shanghai Composite Index “SSE” the Shanghai Stock Exchange “SSE Listing Rules” the Rules Governing the Listing of Securities on the Shanghai Stock Exchange (as amended from time to time) “Supervisors” supervisors of the Company “Supervisory Committee” the supervisory committee of the Company “SZCI” the Shenzhen Component Index “SZSE” the Shenzhen Stock Exchange “US$” or“ U.S. dollars” or“ USD” United States dollars, the lawful currency of the United States “VaR” value at risk Notes: 1. In this report, any discrepancies between totals and sums of amounts listed are due to rounding. 2. This report is prepared in both Chinese and English languages and in the event of any inconsistency, the Chinese version shall prevail. 4 China Galaxy Securities Co., Ltd. Annual Report 2018 SECTION I IMPORTANT NOTES The Board of Directors, Supervisory Committee, Directors, Supervisors and senior management of the Company undertake that there is no misrepresentation, misleading statement or material omission in this report and they are jointly and severally liable for the authenticity, accuracy and completeness of the information contained in this report. This report has been approved at the 50th meeting of the 3rd session of the Board of Directors, with 9 Directors attended and voted at the meeting. Due to some reason, Guo Weiguo, the Director, gave written authorization to Chen Gongyan, another Director, to act as his proxy to attend and vote at the meeting. No objection was put forward by Directors and Supervisors for this report. The financial report for 2018 was prepared by the Company according to International Financial Reporting Standards (“IFRS”) and PRC Corporate Accounting Standards (“PRC GAAP”), which has been audited by Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu Certified Public Accountants LLP and they have issued an standard auditors’ report with unqualified opinions. Unless otherwise stated, the amounts in this report are presented in RMB. Mr. Chen Gongyan, person in charge of the Company, Ms. Zhu Ruimin, person in charge of the accounting affairs, and Mr. Fan Minfei, person in charge of the accounting department (head of accounting) hereby confirm that the financial report as disclosed in this report are true, accurate and complete. The forward-looking statements such as future plans, development strategies contained in this report do not constitute substantive undertakings by the Company to investors who are advised to be cautious about investment risks. Business of the Company is highly dependent on the overall economy and market conditions of China and regions where our businesses are located. Any fluctuations in China and international capital markets will have a significant impact on the Company’s operating results. The risks that the Company faces mainly include: legal and compliance risks as a result of our business management and norms failing to follow up in a timely manner to meet the adjustment in laws and regulations as well as the rules of regulatory bodies; strategic risks arising from the formulation of strategy plan under profound changes in domestic and overseas capital markets; risks of internal operations and management arising from changes of business model transformation, commencement of innovative business and changes of new technologies; market risk caused by price fluctuation in the market in which the Company holds positions of securities; credit risks arising from breach of contracts by borrowers or counterparties; liquidity risk arising from shortage of funds when the Company attempts to fulfil its obligations of payment; and operational risk arising
Recommended publications
  • Online Corruption-Reporting, Internet Censorship, and the Limits of Responsive Authoritarianism
    Online Corruption-Reporting, Internet Censorship, and the Limits of Responsive Authoritarianism by Jack Hoskins BA, University of Victoria, 2015 A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of MASTER OF ARTS in the Department of History © Jack Hoskins, 2017 University of Victoria All rights reserved. This thesis may not be reproduced in whole or in part, by photocopy or other means, without the permission of the author. ii Supervisory Committee Online Corruption Reporting, Internet Censorship, and the Limits of Responsive Authoritarianism by Jack Hoskins BA, University of Victoria, 2015 Supervisory Committee Dr. Guoguang Wu (Department of History) Supervisor Dr. Colin Bennett (Department of Political Science) Outside Member iii Abstract This thesis traces the development of the Chinese government’s attempts to solicit corruption reports from citizens via online platforms such as websites and smartphone applications. It argues that this endeavour has proven largely unsuccessful, and what success it has enjoyed is not sustainable. The reason for this failure is that prospective complainants are offered little incentive to report corruption via official channels. Complaints on social media require less effort and are more likely to lead to investigations than complaints delivered straight to the government, though neither channel is particularly effective. The regime’s concern for social stability has led to widespread censorship of corruption discussion on social media, as well as a slew of laws and regulations banning the behaviour. Though it is difficult to predict what the long- term results of these policies will be, it seems likely that the regime’s ability to collect corruption data will remain limited.
    [Show full text]
  • Orient Securities Co. (3958.HK)
    August 29, 2016 EARNINGS REVIEW Orient Securities Co. (3958.HK) Neutral Equity Research In line with expectations: Sequential recovery led by trading, IB improved What surprised us Investment Profile DFZQ reported 2Q16 NPAT of Rmb860mn, 28%/17% of GSe/Bloomberg Low High consensus for 2016E NPAT. 1H profits are consistent with preliminary Growth Growth disclosure in August. 2Q16 profit declined -78% yoy, but sequentially grew Returns * Returns * 103% qoq, led by trading. ROE/ROA recovered to 10.3%/1.8% annualized in Multiple Multiple Volatility Volatility 2Q. Key positives: 1) IB income up 28% yoy to Rmb290bn, led by growth Percentile 20th 40th 60th 80th 100th in both ECM and DCM underwriting. Coupled with a strong 1Q, first-half IB Orient Securities Co. (3958.HK) income has been the strongest in the past few years. 2) Trading income Asia Pacific Banks Peer Group Average up 90% qoq from a very low base in 1Q16 on recovering investment yield, * Returns = Return on Capital For a complete description of the investment profile measures please refer to the even though still down 85% yoy. Revenue contribution from trading disclosure section of this document. decreased to 27% in 1H16, vs. 65% on average for FY13 to FY15. Principal investment book was flat at Rmb 49bn hoh with equity down to Rmb 6.2bn Key data Current Price (HK$) 8.21 and bond investment up; 3) Stock pledged lending balance rose 20% hoh 12 month price target (HK$) 9.20 Market cap (HK$ mn / US$ mn) 35,153.1 / 4,532.4 to Rmb 29bn despite weaker margin finance as the company shifts its Foreign ownership (%) -- focus to corporate client financing.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • Aviva Investors Société D'investissement À Capital
    AVIVA INVESTORS SOCIÉTÉ D’INVESTISSEMENT À CAPITAL VARIABLE (SICAV) ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS R.C.S. Luxembourg B 32.640 31 December 2020 avivainvestors.com For the following sub-funds of Aviva Investors no notification for distribution in the Federal Republic of Germany has been submitted and shares in these sub-funds may NOT be offered to investors within the scope of the German investment code. As a consequence, the following sub-funds are NOT available to investors in Germany: Aviva Investors – Asian Equity Income Fund Aviva Investors – Emerging Markets Equity Income Fund Aviva Investors – European Corporate Bond Fund Aviva Investors – European Equity Fund Aviva Investors – European Equity Income Fund Aviva Investors – European Real Estate Securities Fund Aviva Investors – Global Emerging Markets Index Fund Aviva Investors – Global Sovereign Bond Fund (name change as of 17 February 2020 from previous Global Aggregate Bond Fund) Aviva Investors – UK Listed Equity High Alpha Fund Aviva Investors Société d’investissement à capital variable (SICAV) Contents Director’s Report 3 Manager’s Market Review 6 Management and Administration 7 Audit Report 8 Notes on the portfolio of investments disclosure 11 Aviva Investors - Asian Equity Income Fund 12 Aviva Investors - Climate Transition Global Equity Fund 14 Aviva Investors - Climate Transition European Equity Fund 16 Aviva Investors - Emerging Markets Bond Fund 18 Aviva Investors - Emerging Markets Corporate Bond Fund 23 Aviva Investors - Emerging Markets Equity Income
    [Show full text]
  • 2016 Annual Report.PDF
    HAITONG SECURITIES CO., LTD. 海通證券股份有限公司 Annual Report 2016 2016 Annual Report 年度報告 CONTENTS Section I Definition and Important Risk Warnings 3 Section II Company Profile and Key Financial Indicators 7 Section III Summary of the Company’s Business 23 Section IV Report of the Board of Directors 28 Section V Significant Events 62 Section VI Changes in Ordinary Share and Particulars about Shareholders 91 Section VII Preferred Shares 100 Section VIII Particulars about Directors, Supervisors, Senior Management and Employees 101 Section IX Corporate Governance 149 Section X Corporate Bonds 184 Section XI Financial Report 193 Section XII Documents Available for Inspection 194 Section XIII Information Disclosure of Securities Company 195 IMPORTANT NOTICE The Board, the Supervisory Committee, Directors, Supervisors and senior management of the Company represent and warrant that this annual report (this “Report”) is true, accurate and complete and does not contain any false records, misleading statements or material omission and jointly and severally take full legal responsibility as to the contents herein. This Report was reviewed and passed at the twenty-third meeting of the sixth session of the Board. The number of Directors to attend the Board meeting should be 13 and the number of Directors having actually attended the Board meeting was 11. Director Li Guangrong, was unable to attend the Board meeting in person due to business travel, and had appointed Director Zhang Ming to vote on his behalf. Director Feng Lun was unable to attend the Board meeting in person due to business travel and had appointed Director Xiao Suining to vote on his behalf.
    [Show full text]
  • Congressional-Executive Commission on China
    CONGRESSIONAL-EXECUTIVE COMMISSION ON CHINA ANNUAL REPORT 2008 ONE HUNDRED TENTH CONGRESS SECOND SESSION OCTOBER 31, 2008 Printed for the use of the Congressional-Executive Commission on China ( Available via the World Wide Web: http://www.cecc.gov VerDate Aug 31 2005 23:54 Nov 06, 2008 Jkt 000000 PO 00000 Frm 00001 Fmt 6011 Sfmt 5011 U:\DOCS\45233.TXT DEIDRE 2008 ANNUAL REPORT VerDate Aug 31 2005 23:54 Nov 06, 2008 Jkt 000000 PO 00000 Frm 00002 Fmt 6019 Sfmt 6019 U:\DOCS\45233.TXT DEIDRE CONGRESSIONAL-EXECUTIVE COMMISSION ON CHINA ANNUAL REPORT 2008 ONE HUNDRED TENTH CONGRESS SECOND SESSION OCTOBER 31, 2008 Printed for the use of the Congressional-Executive Commission on China ( Available via the World Wide Web: http://www.cecc.gov U.S. GOVERNMENT PRINTING OFFICE ★ 44–748 PDF WASHINGTON : 2008 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Aug 31 2005 23:54 Nov 06, 2008 Jkt 000000 PO 00000 Frm 00003 Fmt 5011 Sfmt 5011 U:\DOCS\45233.TXT DEIDRE CONGRESSIONAL-EXECUTIVE COMMISSION ON CHINA LEGISLATIVE BRANCH COMMISSIONERS House Senate SANDER LEVIN, Michigan, Chairman BYRON DORGAN, North Dakota, Co-Chairman MARCY KAPTUR, Ohio MAX BAUCUS, Montana TOM UDALL, New Mexico CARL LEVIN, Michigan MICHAEL M. HONDA, California DIANNE FEINSTEIN, California TIMOTHY J. WALZ, Minnesota SHERROD BROWN, Ohio CHRISTOPHER H. SMITH, New Jersey CHUCK HAGEL, Nebraska EDWARD R. ROYCE, California SAM BROWNBACK, Kansas DONALD A.
    [Show full text]
  • Vertical Metal F'ile Cabinets
    Barcode:3827074-03 C-570-111 INV - Investigation - CHINESE EXPORTERS AND PRODUCERS OF VERTICAL METAL F'ILE CABINETS Best Beaufy Furniture Co., Ltd. Feel Life Co., Ltd. Lianping Industry Zone, Dalingshan Town Room 202, Deweisen Building Dongguan, Guangdon g, 523809 Nanshan District, Shenzhen Tel: +86 769-85623639 1sf ¡ +86 7 55-66867080-8096 Fax: +86 769-85628609 Fax: +86 755-86146992 Email: N/A Email : [email protected] Website: Website : www. feellife. com www. d gbestbeauty. company. weiku. com/ Fujian lvyer Industrial Co., Ltd. Chung \ilah Steel Furniture Factory Co., Yangxia Village, Guhuai Town Lrd. Changle, Fujian, 350207 Block A,7lF Chinaweal Centre Tel: +86 59128881270 414-424 Jaffe Road, Wanchai Fax: +86 59128881315 Hong Kong Email : nancy @flivyer. com Tel: +85 228930378 Website : www. ivyer.net. cnl Fax: +85 228387626 Email: N/A Fuzhou Nu Deco Crafts Co., Ltd. Website : http ://chungwah. com.hk/ 1306 Xinxing Building No. 41, Bayiqi Mid. Road Concept Furniture (Anhui) Co.' Ltd. Fuzhou, Fujian, 350000 Guangde Economic and Technical Tel: +86 591-87814422 Developm ent Zone, Guangde County P¿¡; +86 591-87814424 Anhui, Xuancheng, 242200 Email: [email protected] Tel: 865-636-0131 Website : http :/inu-deco.cnl Fax: 865-636-9882 Email: N/A Fuzhou Yibang Furniture Co., Ltd. Website: N/A No. 85-86 Building Changle Airport Industrial Zone Dong Guan Shing Fai X'urniture Hunan Town, Changle 2nd Industrial Area Fujian, Fuzhou, 350212 Shang Dong Administrative Dist. fsf; +86 591-28637056 Qishi, Dongguan, Guangdong, 523000 Fax: +86 591-22816378 Tel: +86 867592751816 Email: N/A Fax: N/A V/ebsite : htþs ://fi yb.
    [Show full text]
  • Version 2019, 13 July, 2021 This Is a List of the 10513 Authors With
    Version 2019, 27 September, 2021 This is a list of the 10513 authors with Pawlak number 5. Please send corrections and comments to [email protected] A LIST WITH PAWLAK NUMBER 5 Surname and first name: 1. Abawajy Jemal 2. Abbass Safia 3. Abbass Hussein A. 4. Abbass Hussein 5. Abdelbar Ashraf M. 6. Abdelwahab Sherif 7. Abdi Hamid 8. Abdullah Noraswaliza 9. Abdullah Mohd Zaki 10. Abdullah Saleem 11. Abdulmula Karema S. 12. Abdulrahman Ruqayya 13. Abe Masaaki 14. Abeel Thomas 15. Abellnull Alberto 16. Aberer Karl 17. Abhayaratne Charith 18. Abib Elbio Renato Torres 19. Abida Kacem 20. Abidi I. Z. 21. Abielmona Rami S. 22. Abielmona R. 23. Abielmona Rami 24. Abiko Naofumi 25. Abramson Myriam 26. Abrougui Kaouther 27. Abu-halaweh Na'el 28. Abu-Hanna Ameen 29. Abu-Khalaf Murad 30. Acharyya Sreangsu 31. Acosta Maria Luisa 32. Adali Sibel 33. Adali Tnulllay 34. Adamopoulos Miltiades 35. Adams William 36. Adams Rod 37. Adamu Abdullahi S. 38. Adedoyin-Olowe Mariam 39. Adelson Beth 40. Adibi Jafar 41. Adriaans Pieter W. 42. Afsari Fatemeh 43. Agagliati Enzo 44. Agamennoni Gabriel 45. Agarwal Ramesh K. 46. Agarwal Nipun 47. Agashe Bhalchandra 48. Ager Joel 49. Agrawal Vikas 50. Agrawal Ankur 51. Agrawal Divyakant 52. Agrawala Ashok K. 53. Agre Philip E. 54. Aguilar Leocundo 55. Aguilera J. 56. Aguirre Arturo Hernnullndez 57. Aguirre Luis Antonio 58. Aguzzoli Stefano 59. Aha David 60. Ahmad Subutai 61. Ahmad Bashir 62. Ahmad Mohiuddin 63. Ahmad Uzair 64. Ahmad Iftekhar 65. Ahmadian Yashar 66. Ahmed Maher 67. Ahmed M.
    [Show full text]
  • Panva Gas Holdings Limited
    IMPORTANT If you are in any doubt about this prospectus, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. PANVA GAS HOLDINGS LIMITED !"#$%&'* (incorporated in the Cayman Islands with limited liability) LISTING ON THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITED PLACING Number of Placing Shares : 95,000,000 (subject to Over-allotment Option) Issue Price : $0.57 per Share Nominal value : $0.10 each Stock code : 8132 Sponsor TAI FOOK CAPITAL LIMITED Joint Lead Managers TAI FOOK SECURITIES COMPANY LIMITED CU SECURITIES LIMITED Co-Managers Luen Fat Securities Company Limited Peace Town Securities Limited Young Champion Securities Limited The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, 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 prospectus. A copy of this prospectus, having attached thereto the documents specified in the paragraph headed “Documents delivered to the Registrar of Companies” in Appendix VI to this prospectus, has been registered by the Registrar of Companies in Hong Kong as required by section 342C of the Companies Ordinance, Chapter 32 of the Laws of Hong Kong. The Securities and Futures Commission and the Registrar of Companies in Hong Kong take no responsibility for the contents of this prospectus or any of the other documents referred to above. * For identification only 10th April, 2001 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCK EXCHANGE”) GEM has been established as a market designed to accommodate companies to which a high investment risk may be attached.
    [Show full text]
  • Table of Codes for Each Court of Each Level
    Table of Codes for Each Court of Each Level Corresponding Type Chinese Court Region Court Name Administrative Name Code Code Area Supreme People’s Court 最高人民法院 最高法 Higher People's Court of 北京市高级人民 Beijing 京 110000 1 Beijing Municipality 法院 Municipality No. 1 Intermediate People's 北京市第一中级 京 01 2 Court of Beijing Municipality 人民法院 Shijingshan Shijingshan District People’s 北京市石景山区 京 0107 110107 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Haidian District of Haidian District People’s 北京市海淀区人 京 0108 110108 Beijing 1 Court of Beijing Municipality 民法院 Municipality Mentougou Mentougou District People’s 北京市门头沟区 京 0109 110109 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Changping Changping District People’s 北京市昌平区人 京 0114 110114 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Yanqing County People’s 延庆县人民法院 京 0229 110229 Yanqing County 1 Court No. 2 Intermediate People's 北京市第二中级 京 02 2 Court of Beijing Municipality 人民法院 Dongcheng Dongcheng District People’s 北京市东城区人 京 0101 110101 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Xicheng District Xicheng District People’s 北京市西城区人 京 0102 110102 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Fengtai District of Fengtai District People’s 北京市丰台区人 京 0106 110106 Beijing 1 Court of Beijing Municipality 民法院 Municipality 1 Fangshan District Fangshan District People’s 北京市房山区人 京 0111 110111 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Daxing District of Daxing District People’s 北京市大兴区人 京 0115
    [Show full text]
  • China's Sports Heroes: Nationalism, Patriotism, and Gold Medal
    The International Journal of the History of Sport ISSN: 0952-3367 (Print) 1743-9035 (Online) Journal homepage: https://www.tandfonline.com/loi/fhsp20 China’s Sports Heroes: Nationalism, Patriotism, and Gold Medal Lu Zhouxiang & Fan Hong To cite this article: Lu Zhouxiang & Fan Hong (2019) China’s Sports Heroes: Nationalism, Patriotism, and Gold Medal, The International Journal of the History of Sport, 36:7-8, 748-763, DOI: 10.1080/09523367.2019.1657839 To link to this article: https://doi.org/10.1080/09523367.2019.1657839 Published online: 30 Sep 2019. Submit your article to this journal Article views: 268 View related articles View Crossmark data Full Terms & Conditions of access and use can be found at https://www.tandfonline.com/action/journalInformation?journalCode=fhsp20 THE INTERNATIONAL JOURNAL OF THE HISTORY OF SPORT 2019, VOL. 36, NOS. 7–8, 748–763 https://doi.org/10.1080/09523367.2019.1657839 China’s Sports Heroes: Nationalism, Patriotism, and Gold Medal Lu Zhouxianga and Fan Hongb aSchool of Modern Languages, Literatures and Cultures, National University of Ireland, Maynooth, Ireland; bThe University of Bangor, Bangor, UK ABSTRACT KEYWORDS Sport has been of great importance to the construction of China; hero; politics; Chinese national consciousness during the past century. This art- nationalism; icle examines how China’s sport celebrities have played their part sports patriotism in nation building and identity construction. It points out that Chinese athletes’ participation in international sporting events in the first half of the twentieth century demonstrated China’s motivation to stay engaged with the world, and therefore led to their being regarded as national heroes.
    [Show full text]
  • Laogai Handbook 劳改手册 2007-2008
    L A O G A I HANDBOOK 劳 改 手 册 2007 – 2008 The Laogai Research Foundation Washington, DC 2008 The Laogai Research Foundation, founded in 1992, is a non-profit, tax-exempt organization [501 (c) (3)] incorporated in the District of Columbia, USA. The Foundation’s purpose is to gather information on the Chinese Laogai - the most extensive system of forced labor camps in the world today – and disseminate this information to journalists, human rights activists, government officials and the general public. Directors: Harry Wu, Jeffrey Fiedler, Tienchi Martin-Liao LRF Board: Harry Wu, Jeffrey Fiedler, Tienchi Martin-Liao, Lodi Gyari Laogai Handbook 劳改手册 2007-2008 Copyright © The Laogai Research Foundation (LRF) All Rights Reserved. The Laogai Research Foundation 1109 M St. NW Washington, DC 20005 Tel: (202) 408-8300 / 8301 Fax: (202) 408-8302 E-mail: [email protected] Website: www.laogai.org ISBN 978-1-931550-25-3 Published by The Laogai Research Foundation, October 2008 Printed in Hong Kong US $35.00 Our Statement We have no right to forget those deprived of freedom and 我们没有权利忘却劳改营中失去自由及生命的人。 life in the Laogai. 我们在寻求真理, 希望这类残暴及非人道的行为早日 We are seeking the truth, with the hope that such horrible 消除并且永不再现。 and inhumane practices will soon cease to exist and will never recur. 在中国,民主与劳改不可能并存。 In China, democracy and the Laogai are incompatible. THE LAOGAI RESEARCH FOUNDATION Table of Contents Code Page Code Page Preface 前言 ...............................................................…1 23 Shandong Province 山东省.............................................. 377 Introduction 概述 .........................................................…4 24 Shanghai Municipality 上海市 .......................................... 407 Laogai Terms and Abbreviations 25 Shanxi Province 山西省 ................................................... 423 劳改单位及缩写............................................................28 26 Sichuan Province 四川省 ................................................
    [Show full text]