DOCSLIB.ORG

Hang Seng China Strengthens Foothold in Bohai Economic Rim Region

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Hang Seng China Strengthens Foothold in Bohai Economic Rim Region 9 October 2008 HANG SENG CHINA STRENGTHENS FOOTHOLD IN BOHAI ECONOMIC RIM REGION Hang Seng Bank (China) Limited (‘Hang Seng China’) today celebrated the official opening of its Tianjin Branch with a ceremony attended by government officials, clients and senior management. The Tianjin Branch will join forces with the Bank’s Beijing outlets to strengthen Hang Seng China’s service network in the Bohai Economic Rim region. Hang Seng China now operates a total of 10 branches and 22 sub-branches in mainland China. Officiating at the opening ceremony today were Mr Joseph Poon, Managing Director and Deputy Chief Executive of Hang Seng Bank and Mr Johnson Fu, Chief Executive of Hang Seng China. Mr Cui Jindu, Member of CPC Tianjin Standing Committee and Deputy Mayor of Tianjin City; Mr Lan Aiyong, Deputy Governor of the Tianjin Branch of the People’s Bank of China; Mr Zhao Feng, Deputy Director of the Tianjin Branch of the China Banking Regulatory Commission; and other senior government officials attended the ceremony as honourable guests. Speaking at today’s opening ceremony, Mr Joseph Poon said: “With its unique position in northern China, Tianjin is playing a significant role in the economic development of the Bohai Economic Rim region. Hang Seng China’s Tianjin Branch will further enhance Hang Seng China’s service network for its corporate clients in the region.” Mr Poon added that through the Tianjin Branch, Hang Seng China will also provide a full range of wealth management products and services to residents in Tianjin and the surrounding area. The Bohai Economic Rim region is one of Hang Seng China’s key business development regions. The Bank plans to expand its network to about 50 outlets by 2010. Currently, the Bank has four outlets in the Bohai Economic Rim region – three outlets in Beijing and the new Tianjin Branch. Hang Seng China’s Tianjin Branch is located at Units 01-11, G/F, The Exchange Tower, 189 Nanjing Road, Heping District, Tianjin. The branch provides foreign currency and renminbi services, including savings accounts, mortgage loans, acceptance of and discounts on negotiable instruments, letter of credit services and guaranties, domestic and overseas settlements, foreign exchange trading, credit references and consultation services. more… Hang Seng China Strengthens Foothold in Bohai Economic Rim Region/ 2 Tianjin Branch of Hang Seng China Tel: (022) 2318 5888; Fax: (022) 8319 5388. About Hang Seng Bank (China) Limited Established as a wholly owned subsidiary of Hang Seng Bank in May 2007, Hang Seng Bank (China) Limited operates 10 branches (in Beijing, Shanghai, Guangzhou, Shenzhen, Dongguan, Fuzhou, Nanjing, Hangzhou, Ningbo and Tianjin) and 22 sub-branches (two in Beijing, nine in Shanghai, five in Guangzhou, four in Shenzhen, one in Nanjing and one in Dongguan) in mainland China. For further information on Hang Seng Bank (China) Limited, please visit the Bank's website at www.hangseng.com.cn. About Hang Seng Bank Founded in 1933, Hang Seng Bank operates over 210 service outlets, of which 107 are branches serving both personal and business customers. The Bank also maintains a branch in Shenzhen for foreign currency wholesale business, branches in Macau and Singapore, and representative offices in Xiamen and Taipei. With consolidated assets of HK$747.9 billion as at 30 June 2008, Hang Seng Bank reported a profit attributable to shareholders of HK$9,064 million for the first six months of 2008 and HK$18.24 billion in 2007. Hang Seng Bank is a principal member of the HSBC Group, one of the world’s largest banking and financial services organisations. For further information on Hang Seng Bank, please visit the bank's website at www.hangseng.com. #End# .
Load more

Recommended publications
  • Research on the Industrial Upgrading of China's Bohai Economic Rim Lin
    2018 3rd International Conference on Society Science and Economics Development (ICSSED 2018) ISBN: 978-1-60595-031-0 Research on the Industrial Upgrading of China's Bohai Economic Rim Lin Kong1,a 1School of Management, Capital Normal University, Beijing, China [email protected] Keywords: Industrial structure, Industrial chains, Industrial upgrading, Bohai Economic Rim. Abstract. The global economic integration has continuously promoted the development of the region and pushed the upgrading of the regional industries forward. This paper analyzes the present situation of the industrial development of China’s Bohai Economic Rim, summarizes the main obstacles of its current industrial upgrading, and puts forward some countermeasures to promote the industrial upgrading of the Bohai Economic Rim. 1. Introduction The Bohai Economic Rim in China refers to the vast economic region that surrounds the coastal areas of the Bohai Sea. The economic cooperation and horizontal integration among regions, and their complementary advantages open up a vast space for the development of the Bohai Economic Rim. However, there are also industry convergence, unbalanced development and other issues in this region. With the continuous development of China's economy, the Bohai Economic Rim also urgently needs to achieve industrial restructuring and upgrading. 2. The Present Situation of Industrial Development in China’s Bohai Economic Rim China’s Bohai Economic Rim is the most important export-oriented, multi-functional and dense urban agglomeration in the north of China. At present, it has played a role of agglomeration, radiation, service and promotion in the national and regional economies, and has become the engine of the economic development in North China.
    [Show full text]
  • Bay to Bay: China's Greater Bay Area Plan and Its Synergies for US And
    June 2021 Bay to Bay China’s Greater Bay Area Plan and Its Synergies for US and San Francisco Bay Area Business Acknowledgments Contents This report was prepared by the Bay Area Council Economic Institute for the Hong Kong Trade Executive Summary ...................................................1 Development Council (HKTDC). Sean Randolph, Senior Director at the Institute, led the analysis with support from Overview ...................................................................5 Niels Erich, a consultant to the Institute who co-authored Historic Significance ................................................... 6 the paper. The Economic Institute is grateful for the valuable information and insights provided by a number Cooperative Goals ..................................................... 7 of subject matter experts who shared their views: Louis CHAPTER 1 Chan (Assistant Principal Economist, Global Research, China’s Trade Portal and Laboratory for Innovation ...9 Hong Kong Trade Development Council); Gary Reischel GBA Core Cities ....................................................... 10 (Founding Managing Partner, Qiming Venture Partners); Peter Fuhrman (CEO, China First Capital); Robbie Tian GBA Key Node Cities............................................... 12 (Director, International Cooperation Group, Shanghai Regional Development Strategy .............................. 13 Institute of Science and Technology Policy); Peijun Duan (Visiting Scholar, Fairbank Center for Chinese Studies Connecting the Dots ..............................................
    [Show full text]
  • Future Urban Land Expansion and Implications for Global Croplands
    Future urban land expansion and implications for SPECIAL FEATURE global croplands Christopher Bren d’Amoura,b, Femke Reitsmac, Giovanni Baiocchid, Stephan Barthele,f, Burak Güneralpg, Karl-Heinz Erbh, Helmut Haberlh, Felix Creutziga,b,1, and Karen C. Setoi aMercator Research Institute on Global Commons and Climate Change, 10829 Berlin, Germany; bDepartment Economics of Climate Change, Technische Universität Berlin, 10623 Berlin, Germany; cDepartment of Geography,Canterbury University, Christchurch 8140, New Zealand; dDepartment of Geographical Sciences, University of Maryland, College Park, MD 20742; eDepartment of the Built Environment, University of Gävle, SE-80176 Gävle, Sweden; fStockholm Resilience Centre, Stockholm University, SE-10691 Stockholm, Sweden; gCenter for Geospatial Science, Applications and Technology (GEOSAT), Texas A&M University, College Station, TX 77843; hInstitute of Social Ecology Vienna, Alpen-Adria Universitaet Klagenfurt, 1070 Vienna, Austria; and iYale School of Forestry and Environmental Studies, Yale University, New Haven, CT 06511 Edited by Jay S. Golden, Duke University, Durham, NC, and accepted by Editorial Board Member B. L. Turner November 29, 2016 (received for review June 19, 2016) Urban expansion often occurs on croplands. However, there is little India, and other countries (7–9). Although cropland loss has scientific understanding of how global patterns of future urban become a significant concern in terms of food production and expansion will affect the world’s cultivated areas. Here, we combine livelihoods (10) for many countries, there is very little scientific spatially explicit projections of urban expansion with datasets on understanding of how future urban expansion and especially global croplands and crop yields. Our results show that urban ex- growth of MURs will affect croplands.
    [Show full text]
  • Spatiotemporal Dynamics of Urban Expansion in 13 Cities Across The
    Ecological Indicators 87 (2018) 302–313 Contents lists available at ScienceDirect Ecological Indicators journal homepage: www.elsevier.com/locate/ecolind Spatiotemporal dynamics of urban expansion in 13 cities across T the Jing-Jin-Ji Urban Agglomeration from 1978 to 2015 ⁎ Yan Sun, Shuqing Zhao College of Urban and Environmental Sciences, and Key Laboratory for Earth Surface Processes of the Ministry of Education, Peking University, Beijing, 100871, China ARTICLE INFO ABSTRACT Keywords: The newly implemented national policy “To build a world-class agglomeration of cities with the capital as the Urbanization core” made the Jing-Jin-Ji Urban Agglomeration attract attention from both the scientific community and so- Remote sensing ciety. Here we quantified and compared the magnitude, rates, forms, and dynamics of urban expansion for 13 Comparative study cities across the Jing-Jin-Ji Urban Agglomeration, and examined the relationship of urban patch structure and Urban growth modes hierarchical structure of urban growth over the past four decades. We found that the rates and composition of Patch structure urban expansion forms (i.e., infilling, edge-expansion and leapfrogging) varied considerably across cities and Urban hierarchy over time, due to national and regional policies, physical features and the urban administrative hierarchy. The overall annual urban expansion rate for the 13 cities was 5.5 ± 2.0% (mean ± standard deviation) between 1978 and 2015. Leapfrogging was the dominant urban expansion form in early period, edge-expansion took the leading role since 1990, and the contribution of infilling was generally less than 40%. Our results revealed that although three major cities (i.e., Tianjin, Beijing and Shijiazhuang) of the Jing-Jin-Ji Urban Agglomeration contributed 36.6% of the urban land area increase of this region, larger cities might not be better positioned for urban expansion.
    [Show full text]
  • The 2015 International Symposium on Megaregions in China 23–24 November 2015 Sydney, Australia
    The 2015 International Symposium on Megaregions in China 23–24 November 2015 Sydney, Australia Assessing the comprehensive competitiveness of Shandong Peninsula Megaregion Li, Yong; Wang, Xinxin; Yu, Lanjun; and Yang, Mingjun Urban-Rural Planning and Design Institute of Shandong Province, China Unitec Institute of Technology, Auckland, New Zealand Abstract The Shandong Peninsula Megaregion (SPM) is located in China’s eastern coastal area between the Yangtze River Delta and Beijing-Tianjin-Hebei Megaregions. To understand its status of development in the national context, this paper assesses its competitive ability through a comparison with 20 megaregions nationwide. Using a principal components analysis of time and space dimensions, the authors proposed an evaluation system which included 28 indices. Findings from this research show that the overall competitiveness of SPM ranked 4th, whilst its per capita competitiveness ranked only 10th in 2013. In addition, the overall competitiveness ranking of SPM had not changed from 2005 50 2013, but its pace of economic development and investment had slowed down. Not only was this pace slower than megaregions in middle and western China, it was significantly slower that the top three megaregions nationally. The authors concluded by suggesting transformation, innovation and cooperation strategies for the future development. 1. Introduction With the development of the urbanization in China, the relationships between different cities have become closer, and the structures of regional urban systems have been constantly improved. Megaregion as a regional spatial form has been developing very quickly in recent years and as such, has become one of the most important forms in Chinese urbanization. Megaregions in China are also widely recognised as the key strategy to promote regional development and enhance national competitiveness.
    [Show full text]
  • Printmgr File
    THIS DOCUMENT IS IN DRAFT FORM, INCOMPLETE AND SUBJECT TO CHANGE AND THAT THE INFORMATION MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED “WARNING” ON THE COVER OF THIS DOCUMENT. INDUSTRY OVERVIEW The information and statistics set out in this section have been extracted and derived from various official government publications, publicly available sources and private publications, unless otherwise indicated. We believe that the sources of this information and statistics are appropriate sources for such information and statistics and reasonable care has been exercised by our Directors in extracting and reproducing such information and statistics. We have no reason to believe that such information and statistics are false or misleading or that any fact has been omitted that would render such information false or misleading. None of our Company, the Joint Sponsors, the [REDACTED] or our or their respective directors, advisors, except for JLL, and affiliates have independently verified such information and statistics. Accordingly, none of our Company, the Joint Sponsors, or our or their respective directors and advisors or any other parties involved in the [REDACTED], except for JLL, makes any representation as to the accuracy and completeness of such information and statistics. As such, the official and non-official sources contained herein should not be unduly relied upon. Furthermore, due to the inherent time-lag involved in collecting any industry and economic data, some of the data contained in this section may only represent the state of affairs at the time such data were collected. As such, you should also take into account subsequent movements in the industry and the PRC economy when you evaluate the information contained in this section.
    [Show full text]
  • The Case of Smog in Tangshan Xiaoyue Li* and Bryan Tilt†
    1 Perceptions of Quality of Life and Pollution among China’s Urban Middle Class: The Case of Smog in Tangshan Xiaoyue Li* and Bryan Tilt† Abstract After decades of rapid economic development, China is facing severe envir- onmental problems. In particular, smog in urban areas has recently attracted a great deal of scientific and media attention both domestically and inter- nationally. Our focus in this article is on public perceptions of smog in the northern city of Tangshan, which is routinely ranked as one of the urban areas with the worst air quality in the nation. In this article, we present the results of qualitative interviews and quantitative surveys with 341 urban residents. We examine how these residents perceive and weigh the importance of various aspects related to quality of life, including their experience with air pollution. Study participants considered environmental quality an issue of lower priority than many others; however, they surpris- ingly ranked it over economic concerns such as jobs and income. Their responses suggest that, for many urban residents, environmental problems like smog are fundamentally linked to basic quality of life concerns such as physical health and family well-being. We interpret our findings in the context of literature on the rise of China’s middle class, the rise of environ- mental consciousness, and the role of gender in mediating perceptions of pollution and family health. We also consider the implications of these find- ings for the control and remediation of air pollution in China today. Keywords: smog; public perceptions; quality of life; environmental quality; environmental consciousness; middle class; gender; China In the nearly four decades since the launch of Reform and Opening (gaige kaifang 改革开放), China’s economic rise on the global stage has been remark- able, yet the environmental price of this economic boom is proving to be exorbi- tant.
    [Show full text]
  • Analysis on the Temporal and Spatial Features of the Coupling and Coordination of Industrialization and Agricultural Green Development in China During 1990–2019
    International Journal of Environmental Research and Public Health Article Analysis on the Temporal and Spatial Features of the Coupling and Coordination of Industrialization and Agricultural Green Development in China during 1990–2019 Hongpeng Guo 1 , Xin Yi 1, Chulin Pan 1,* , Baiming Yang 2 and Yin Li 2 1 College of Biological and Agricultural Engineering, Jilin University, 5988 Renmin Street, Changchun 130022, China; [email protected] (H.G.); [email protected] (X.Y.) 2 Changchun Guoxin Modern Agricultural Science and Technology Development Co., Ltd., Shuangyang District, Changchun 130600, China; [email protected] (B.Y.); [email protected] (Y.L.) * Correspondence: [email protected] Abstract: In the past 30 years, China’s industrialization level has developed rapidly, and agricultural green development (AGD) is facing severe challenges. The research on the temporal and spatial features of the coupling and coordination of industrialization and agricultural green development is a key issue to promote the sustainable development of agriculture. This paper takes China’s industrialization and AGD level as the research object, and uses panel data from 31 provinces in China from 1990 to 2019 to construct an evaluation index system for industrialization and AGD. This paper uses the coupling coordination degree model and spatial autocorrelation analysis method to calculate, test and analyze the temporal and spatial features of the coupling coordination level of industrialization and AGD. The results show that: this paper compares the industrialization and Citation: Guo, H.; Yi, X.; Pan, C.; AGD levels during the study period and finds that China’s industrialization development level is on Yang, B.; Li, Y.
    [Show full text]
  • Integration of Industry Cooperation Development Research in Bohai Economic Rim
    2nd International Conference on Social Science and Technology Education (ICSSTE 2016) Integration of industry cooperation development research in Bohai Economic Rim Xing Junwei Institute of Provincial Research, CPC Liaoning Provincial Party School, Shenyang, Liaoning 110004 Abstract — Integrated development of industrial industry cooperation in Bohai economic circle cooperation is the core content in the Bohai and vigorously boost the integrated economic rim.Industrial structure convergence of development of industry. However, at this stage, Bohai economic rim mainly exist in macro three the Bohai economic circle industry still faces industries while it rarely exist in the manufacturing structural convergence, weak concentration, industry and other internal meso level.Learning from changing tendency, industrial structure aggregation and other issues. Research on the convergence in the five provinces and industrial division and integration development municipality in the Bohai Economic Rim tend to be of Bohai economic circle is of great importance increasingly intense. For integration of industry for speeding up the Bohai economic circle cooperation development in Bohai Economic Rim, industry upgrading and promoting the regional it is faced with massive separation, industrial integration development. development convergence and is restricted by institutional and ideological barriers. As strategic choice based on interest tending, integration of 2. Connotation of the industry integration industry cooperation development in Bohai Since the regional economic integration is Economic Rim should be further integrated on the process of formation of rational regional development concept of industrial transformation division system, its essence is to integrate to promote institutional system of the integration of isomorphic industry resources to set up industrial development and optimize the industrial industrial chain of division of cooperation, layout and division system of Bohai economic rim.
    [Show full text]
  • Urban Sprawl
    Cities Alliance Project Output Public Disclosure Authorized Research Paper: Managing Peri-Urban Public Disclosure Authorized Expansion Knowledge Support for PEARL Programme under JNNURM P121456 Public Disclosure Authorized This project output was created with Cities Alliance grant funding. Public Disclosure Authorized Managing Peri-Urban Expansion Research Paper Managing Peri-Urban Expansion A Study of Planning Approaches adopted in Delhi, Beijing and New York to Manage Regional Growth Research Paper LIST OF FIGURES Figure 01: NCT Delhi, District Densities and its Sprawl Figure 02: Spatial Growth of Delhi (1950-2014) Figure 03: Statewise Percentage - population share, urban population and area share Figure 04: District-wise and Sector-wise GDP Figure 05: Mapping the Planning Process for the NCR Figure 06: Constituents of National Capital Region (NCR) Figure 07: Movement of Passenger Modes in NCR Figure 08: Urbanisation in China Figure 09: China’s Urban Centres Figure 10: Schematic Map of Beijing Figure 11: Mapping policies and events influencing China’s Urbanisation Figure 12: Schematic governance structure for PRC Figure 13: Regional Growth Centres Figure 14: Proposed Transport Strategy Figure 15: Population Density in Urban Areas since 1920 Figure 16: Metropolitan Area Planning Forum Map Figure 17: The Tri-State Region Figure 18: Impact of sprawl on regional resources LIST OF TABLES Table 01: Brief profile for the three regions Table 02: Slum Population in NCR (2001) Table 03: Agencies providing Housing in NCR Table 04: Modes of Transport
    [Show full text]
  • Nansha New Zone & Nansha Free Trade Zone
    Guangzhou Nansha New Zone and Free Trade Zone 2017·09 01 Location and 06 People’s Positioning Livelihood 02 Economic 07 Eco- Development environment Industrial Profile of Nansha 03 Transportation 08 Hub Pattern Urban 09 Opening and 04 Development Cooperation 05 Regional 10 Institutional Planning Innovation 01 Preferential Policies 1+1+10 Preferential Policies 1.1 Profile of Nansha--Location and Positioning One of the three economic rims in China, the state-level strategic new zone and pilot free trade zone located in the geometric center of PRD, with strategic significance equal to Shanghai Putong and Tianjin Binhai Binhai, TianjinChina (Tianjin) Pilot Free Trade 2017 Zone An opening-up gateway hub Bohai Economic Rim of Guangdong and a core city within Guangdong-Hong Kong- Macao Greater Bay Area 2016-An urban sub-center Pudong, of Guangzhou ShanghaiChina (Shanghai) The Yangtze River Delta Pilot Free Trade 2014-A pilot free trade Zone Economic Rim zone 2012-A state-level strategic new zone 香港 The Pearl River Delta Nansha, 澳门 2005-An administrative district of Guangzhou China Economic Rim Guangzhou(Guangdong) Pilot Free Trade Zone 1993-Economic and technological development zone 1.1 Profile of Nansha—Location and Positioning l Tip of the A-shape Pearl River estuary, 38 nautical miles to Hong Kong and 41 nautical miles to Macao l 11 modernized cities of Guangdong-Hong Kong-Macao Greater Bay Area, 5 international airports and a high-end population of 70 million are within 100-km radius of Nansha, with accumulative GDP accounting for one seventh of the total in China l Covering an area of 803 km2, with a permanent resident population of 780,000, with an available land for construction area of 90 km2 1.2 Profile of Nansha—Economic Development l Nansha's GDP reached 65.364 billion yuan in 13.8 1500 13.3 the first half of 2017, an increase of 11.58% 13 12.5 year on year 13 1279 l GDP growth rate ranks first among all 11 1300 districts in Guangzhou for consecutive 14 10.2 11 quarters.
    [Show full text]
  • Two Views on China's Economic Growth
    The Chinese Economy Is Likely To Achieve 8% Growth Despite Adverse Conditions – A Report From the Visit To Shanghai and Beijing – 1. Current Macro Economic Conditions and the Future Prospect (1) Current GDP A. Analysis of the second quarter GDP growth rate On July 16, the National Bureau of Statistics of China released the main economic indicators for the first half of 2009. The second quarter GDP growth figure was 7.9%, which exceeded the forecast of the central government’s economists responsible for macroeconomic policy. Before the figure was announced, the government had expected the growth rate for 2009 to be between 7 and 8%, but, after the announcement, it confidently expects that the rate will exceed 8%. The Chinese economy was able to achieve this high growth rate because it made up for the loss in external demand that had been caused by a decline in exports from the coastal region with an increase in the domestic demand from inland areas. As a testament to this strong domestic demand, a sizeable number of the Mingong (farmer laborers) who had returned to their inland homes have not returned to the coastal region; the coastal region has suffered from a labor shortage because the number of employees that had been laid off have not been available for rehire. B. Trends by GDP Components Exports: Exports in dollar terms declined by 23.5% for January to June cumulatively, and by 21.4% for the month of June alone, compared to the same periods in the previous year, thereby demonstrating the continuation of a significant decline in exports; however, domestic demand compensated for this decline.
    [Show full text]