Villages in the City a Guide to South China’S Informal Settlements
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Joint Announcement: Connected Transaction
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. 深 圳 高 速 公 路 股 份 有 限 公 司 SHENZHEN EXPRESSWAY COMPANY LIMITED (Incorporated in Bermuda with limited liability) (a joint stock limited company incorporated in the People's (Stock Code: 00152) Republic of China with limited liability) (Stock Code: 00548) JOINT ANNOUNCEMENT CONNECTED TRANSACTION SUPPLEMENTAL AGREEMENT TO THE ENTRUSTED CONSTRUCTION MANAGEMENT AGREEMENT IN RELATION TO GUANGSHEN COASTAL EXPRESSWAY SHENZHEN SECTION References are made to the joint announcements of Shenzhen International Holdings Limited (“Shenzhen International”) and Shenzhen Expressway Company Limited (“Shenzhen Expressway”, a 50.889%-owned subsidiary of Shenzhen International) dated 6 November 2009 and 9 September 2011 (the “Announcement”), respectively, the circular of each of Shenzhen International and Shenzhen Expressway dated 4 October 2011, and the announcement of Shenzhen Expressway dated 19 August 2014. Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement. Introduction According to the Entrusted Construction Management Agreement (the “Entrusted Construction Management Agreement”) dated 9 September -
Singapore's First China Retail Reit Capitaretail China Trus T
PROSPECTUS DATED 29 NOVEMBER 2006 (Registered with the Monetary Authority of Singapore on 29 November 2006) This document is important. If you are in any doubt as to the action you should take, you should consult your stockbroker, bank manager, solicitor, accountant or other professional adviser. Offering of 193,300,000 Units CAPITARETAIL CHINA TRUST (Subject to the Over-allotment Option) (a unit trust constituted on 23 October 2006 under the laws of the Republic of Singapore) Managed by CapitaRetail China Trust Management Limited, a member of CapitaLand Group Offering Price: S$1.13 per Unit SINGAPORE’S FIRST CHINA RETAIL REIT CAPITARETAIL CHINA TRUST CHINA CAPITARETAIL Retail Crown (BVI) Limited (the “Vendor”), an indirect wholly-owned subsidiary of CapitaLand Limited Scheme — Ordinary Account. CPF members are allowed to invest up to 35.0% of the Investible Savings (the “Sponsor”) incorporated in the British Virgin Islands, is making an offering (the “Offering”) of (as defi ned herein) in their CPF Ordinary Accounts to purchase Units. 193,300,000 units (the “Units”) representing undivided interests in CapitaRetail China Trust (“CRCT”) for sale at the Offering Price (as defi ned herein). The collective investment scheme offered in this Prospectus is an authorised scheme under the Securities and Futures Act, Chapter 289 of Singapore (the “Securities and Futures Act” or “SFA”). The Offering consists of (i) (a) a placement to institutional and other investors outside Singapore (the A copy of this Prospectus has been lodged with, and registered by, the Monetary Authority of “International Placement”) and (b) a placement to institutional and other investors in Singapore (the Singapore (the “MAS”) on 8 November 2006 and 29 November 2006 respectively. -
China Toll Roads Morgan Stanley Asia (Singapore) Chin Y
MORGAN STANLEY RESEARCH ASIA/PACIFIC Morgan Stanley Asia Limited+ Andy Meng, CFA [email protected] +852 2239 7689 Edward H Xu, CFA [email protected] +852 2239 1521 Tommy Wong January 14, 2010 [email protected] Ying Guo [email protected] Industry View China Toll Roads Morgan Stanley Asia (Singapore) Chin Y. Lim, CFA In-Line Pte.+ +65 6834 6858 Driven by China’s Long-term Economic Growth: In-Line Rating & Price Target Company Ticker Rating Price Target Conclusion: We initiate coverage of China’s toll road Zhejiang Exp. 576.HK Overweight HKD 8.96 industry with an In-Line view. We believe the industry is Sichuan Exp. 107.HK Overweight HKD 4.96 well positioned to benefit from long-term economic Jiangsu Exp. 177.HK Equal-weight HKD 7.59 growth and rising car consumption in China. Aggressive toll road network expansion by the government might Anhui Exp. 995.HK Equal-weight HKD 5.87 lead to traffic migration away from existing toll roads, in Shenzhen Exp. 548.HK Equal-weight HKD 4.17 addition to declining IRR, but we actually expect limited HHI 737.HK Equal-weight HKD 5.26 impact on the listed companies. Of them, we view Source: Morgan Stanley Research Zhejiang Expressway as the largest beneficiary of a potential export recovery in 2010, while Sichuan Toll Road Traffic Continues to Recover Expressway will be a good proxy for a strong economy 1,200 25% in southwest China, in our view. 2008 2009 YoY Growth (RHS) 1,000 18% 20% Aggressive road expansion not a major concern: 17% 800 15% We hold this non-consensus view for three reasons. -
Property Division
PROPERTY DIVISION PROPERTY DIVISION TRANSFORMING URBAN AREAS Swire Properties’ Shopping mall at Brickell City Centre, growing portfolio of offices, Miami. retail space and hotels is continuing to transform urban areas. PROPERTY DIVISION TRANSFORMING URBAN AREAS Swire Properties’ growing portfolio of offices, retail space and hotels is continuing to transform urban areas. 14 2016 PERFORMANCE REVIEW AND OUTLOOK Mask Division (master) PROPERTY DIVISION OVERVIEW OF THE BUSINESS PROPERTY Swire Properties is a leading developer, owner and operator of mixed‑use, principally commercial, properties DIVISION in Hong Kong and Mainland China, with a record of creating long‑term value by transforming urban areas. Underlying Profit Net Cash Generated Underlying Return Net Assets Attributable to the from Operating on Equity Employed Company’s Shareholders Activities HK$M HK$M % HK$M 6,000 10,000 4 300,000 5,000 8,000 250,000 3 4,000 200,000 6,000 3,000 2 150,000 4,000 2,000 100,000 1 2,000 1,000 50,000 0 0 0 0 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16 SWIRE PACIFIC 2016 ANNUAL REPORT 15 Swire Properties’ business comprises three main areas: development in Hong Kong, the remaining portion of the office property at Sino‑Ocean Taikoo Li Chengdu (Pinnacle One) in Property Investment Mainland China and the Reach and Rise residential developments Swire Properties’ property investment portfolio in Hong Kong at Brickell City Centre in Miami, USA. There are also land banks in comprises office and retail premises, serviced apartments and Miami and Fort Lauderdale in Florida in the USA. -
Annual Report
行 The Chinese character “行” (pronounced as “xing”) denotes the idea of going forward( 前 行). The annual report this year is centred on the theme of “行”, which on the first level of significance, refers to the relentless efforts made by the Company to go forward despite numerous challenges and pressure on the operating results in the near future. “行” also has the meaning of action. On another level, the theme this year reflects the actions of * The Ming philosopher, Wang Shouren the Company to continuously enhance its (Yangming)(王守仁(陽明)), advocated the executive power based on meticulous analysis philosophy of uniting knowledge (“知”) with of external opportunities and challenges as well action (“行”) for achievement of virtue (“善”), as recognition of its own advantages and which exemplifies the inseparability of the shortcomings, with the aim of achieving the unity theoretic knowledge and actual actions. of knowledge and action( 知行合一)*. In the future, the Company will insist on the market- oriented principle, continuously develop the expressway industry business and strengthen the exploring of relative business of entrusted construction management and entrusted operation management, realising a synergistic growth in both of scale and return. The character “行” can also mean “capability”. With the recovery of economy, support of the national policies and ceaseless self-improvement of the Company, we firmly believe that the Company is embracing a bright future. The Chronicle of Yan Zi(晏子春秋) says: “the one who works completes his mission, the -
June 2019 Home & Relocation Guide Issue
WOMEN OF CHINA WOMEN June 2019 PRICE: RMB¥10.00 US$10 N 《中国妇女》 Beijing’s essential international family resource resource family international essential Beijing’s 国际标准刊号:ISSN 1000-9388 国内统一刊号:CN 11-1704/C June 2019 June WOMEN OF CHINA English Monthly Editorial Consultant 编辑顾问 Program 项目 《中 国 妇 女》英 文 月 刊 ROBERT MILLER(Canada) ZHANG GUANFANG 张冠芳 罗 伯 特·米 勒( 加 拿 大) Sponsored and administrated by Layout 设计 All-China Women's Federation Deputy Director of Reporting Department FANG HAIBING 方海兵 中华全国妇女联合会主管/主办 信息采集部(记者部)副主任 Published by LI WENJIE 李文杰 ACWF Internet Information and Legal Adviser 法律顾问 Reporters 记者 Communication Center (Women's Foreign HUANG XIANYONG 黄显勇 ZHANG JIAMIN 张佳敏 Language Publications of China) YE SHAN 叶珊 全国妇联网络信息传播中心(中国妇女外文期刊社) FAN WENJUN 樊文军 International Distribution 国外发行 Publishing Date: June 15, 2019 China International Book Trading Corporation 本 期 出 版 时 间 :2 0 1 9 年 6 月 1 5 日 中国国际图书贸易总公司 Director of Website Department 网络部主任 ZHU HONG 朱鸿 Deputy Director of Website Department Address 本刊地址 网络部副主任 Advisers 顾问 WOMEN OF CHINA English Monthly PENG PEIYUN 彭 云 CHENG XINA 成熙娜 《中 国 妇 女》英 文 月刊 Former Vice-Chairperson of the NPC Standing 15 Jianguomennei Dajie, Dongcheng District, Committee 全国人大常委会前副委员长 Director of New Media Department Beijing 100730, China GU XIULIAN 顾秀莲 新媒体部主任 中国北京东城区建国门内大街15号 Former Vice-Chairperson of the NPC Standing HUANG JUAN 黄娟 邮编:100730 Committee 全国人大常委会前副委员长 Deputy Director of New Media Department Tel电话/Fax传真:(86)10-85112105 新媒体部副主任 E-mail 电子邮箱:[email protected] Director General 主 任·社 长 ZHANG YUAN 张媛 Website 网址 http://www.womenofchina.cn ZHANG HUI 张慧 Director of Marketing Department Printing 印刷 Deputy Director General & Deputy Editor-in-Chief 战略推广部主任 Toppan Leefung Changcheng Printing (Beijing) Co., 副 主 任·副 总 编 辑·副 社 长 CHEN XIAO 陈潇 Ltd. -
Basic Information of Toll Highways
Basic Information of Toll Highways 50 Shenzhen Expressway Company Limited Basic Information of Toll Highways The principal assets of the Group and its jointly controlled entities Extension in Shenzhen City, Jiangzhong Expressway and GZ W2 and associated companies are all toll highway projects, of which Expressway in other areas of Guangdong Province as well as Nanjing Meiguan Expressway, Jihe East, Jihe West, Yanba A & B in Shenzhen Third Bridge in Jiangsu Province are under construction or planning. City, Yangmao Expressway and Guangwu Expressway in other areas Apart from investment, operation and management of toll highway of Guangdong Province, Changsha Ring Road in Hunan Province projects, the Group has been entrusted by the government to be as well as Geputan Bridge in Hubei Province are in operations and responsible for the construction and management of Nanping Project Yanpai Expressway, Nanguang Expressway, Yanba C and Shuiguan and Hengping Project. Length Interests No. of Toll Highways Location (km) Held Lane(s) Condition Operation Period Meiguan Expressway Shenzhen 19.30 95% 6/4 Operation May 1995 – Mar 2027 Jihe East Shenzhen 23.30 55% 6 Operation Oct 1997 – Mar 2027 Jihe West Shenzhen 21.00 100% 6 Operation May 1999 – Mar 2027 Yanba A&B Shenzhen 18.80 100% 6 Operation Apr 2001 – Dec 2031 Shuiguan Expressway Shenzhen 20.14 40% 6 Operation Feb 2002 – Dec 2025 Yangmao Expressway Guangdong 79.76 25% 4 Operation Nov 2004 – Jul 2027 Guangwu Expressway* Guangdong 36.50 30% 4 Operation Dec 2004 – Nov 2027 Changsha Ring Road Hunan -
2020 Final Results
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. SWIRE PROPERTIES LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 1972) 2020 Final Results 2020 FINAL RESULTS CONTENTS Page Financial Highlights 1 Chairman’s Statement 2 Chief Executive’s Statement 4 Review of Operations 6 Financing 34 Consolidated Financial Statements 37 Additional Information 55 Glossary 57 Financial Calendar and Information for Investors 58 2020 FINAL RESULTS FINANCIAL HIGHLIGHTS 2020 2019 Note HK$M HK$M Change Results For the year Revenue 13,308 14,222 -6% Profit attributable to the Company's shareholders Underlying (a),(b) 12,679 24,130 -47% Recurring underlying (b) 7,089 7,633 -7% Reported 4,096 13,423 -69% Cash generated from operations 7,550 5,499 +37% Net cash inflow before financing 13,885 20,217 -31% HK$ HK$ Earnings per share Underlying (c) 2.17 4.12 -47% Recurring underlying (c) 1.21 1.30 -7% Reported (c) 0.70 2.29 -69% Dividend per share First interim 0.30 0.29 +3% Second interim 0.61 0.59 +3% HK$M HK$M Financial Position At 31st December Total equity (including non-controlling interests) 290,680 288,911 +1% Net debt 6,605 15,292 -57% Gearing ratio (a) 2.3% 5.3% -3.0%pt. -
廣東康華醫療股份有限公司 GUANGDONG KANGHUA HEALTHCARE CO., LTD.* (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) GLOBAL OFFERING
Project Nightingale_cover_E25_OP.indd 2 24/10/2016 下午9:28 IMPORTANT If you are in any doubt about any of the contents of this prospectus, you should seek independent professional advice. 廣東康華醫療股份有限公司 GUANGDONG KANGHUA HEALTHCARE CO., LTD.* (A joint stock company incorporated in the People’s Republic of China with limited liability) GLOBAL OFFERING Number of Offer Shares under : 84,000,000 H Shares (subject to the the Global Offering Over-allotment Option) Number of Hong Kong Offer Shares : 8,400,000 H Shares (subject to reallocation) Number of International Offer Shares : 75,600,000 H Shares (subject to reallocation and the Over-allotment Option) Maximum Offer Price : HK$14.50 per Offer Share plus brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars and subject to refund) Nominal Value : RMB1.00 per H Share Stock Code : 3689 Sole Sponsor and Sole Global Coordinator Joint Bookrunners Hong Kong Exchanges and Clearing 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 “Appendix VII — Documents Delivered to the Registrar of Companies in Hong Kong and Available for Inspection”, has been registered by the Registrar of Companies in Hong Kong as required by Section 342C of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong). -
Group-Owned Brands Guangdong Provincial Communication Group Co., Limited 2019
Group-owned brands Guangdong Provincial Communication Group Co., Limited 2019 Guangdong Provinicial Guangdong Expressway Yueyun Transportation Guangdong-Hong Kong Communication Group Co., Ltd. Pass App Yuexing App Bus Cross-the-Border WeChat Public Account WeChat Public Account WeChat Public Account WeChat Public Account Designer: Guangdong Highway Media Co. Ltd. About this Report To improve readability and for ease of writing, we have used terms such as Provincial Communication Group, the Group, the Company and We interchangeably in this report. English translation for the Group's name is GUANGDONG PROVINCIAL COMMUNICATION GROUP CO., LTD. Quality Assurance Processes About this Edition and Procedures By releasing and distributing questionnaires on our This report is the ninth annual Corporate Social official website, we had better communication with our Responsibility (CSR) report published by Guangdong stakeholders, helping them fully understand our business Provincial Communication Group Co., Ltd. goals as well as needs and expectations of interested parties, which allows the Group to better assume its social responsibilities. Scope of Coverage References and Standards Communications, leading to a better life Period of This Report includes information from State-owned Assets Supervision and Administration reporting: January 1, 2019 to December 31, 2019, with Commission of the State Council some information beyond this period of time. Guiding Opinions on the Performance of Social Responsibility Scope of Guangdong Provincial Communication by Central Enterprises reporting: Group Co., Ltd, its subsidiaries and branches. Chinese Academy of Social Sciences Data Data and descriptions in this report are from Guidelines on the Formulation of Chinese Corporate Social sources: the Group's Yearbook and other official Responsibility Reports (CASS-CSR3.0) documents. -
China's Consumer Market
China’s Consumer Market: Opportunities and Risks A Deloitte Research Study Table of Contents Introduction .................................................................................. 1 The consumer economy .............................................................. 1 The distribution sector .............................................................. 14 Changing landscape for distribution ....................................... 17 Strategic requirements for success .......................................... 20 Concluding thoughts ................................................................. 20 About Deloitte Research Deloitte Research, a part of Deloitte Services LP, identifies, analyzes, and explains the major issues driving today’s business dynamics and shaping tomorrow’s global marketplace. From provocative points of view about strategy and organizational change to straight talk about economics, regulation and technology, Deloitte Research delivers innovative, practical insights companies can use to improve their bottom-line performance. Operating through a network of dedicated research professionals, senior consulting practitioners of the various member firms of Deloitte Touche Tohmatsu, academics and technology specialists, Deloitte Research exhibits deep industry knowledge, functional understanding, and commitment to thought leadership. In boardrooms and business journals, Deloitte Research is known for bringing new perspective to real-world concerns. 26 Deloitte Research – China’s Consumer Market: Opportunities and -
C I T Y G U I
Dongguan CITY GUIDE INTRODUCTION Dongguan is located in south Guangdong Province, east of the Pearl River Delta, and is 50 kilometers (about 31 miles) south of Guangzhou, and 90 kilometers (about 56 miles) north of Shenzhen. The city plays a crucial role in the communication between Guangzhou and Hong Kong. Dongguan earned city status in 1985, and was upgraded to prefecture city status three years later, as a result of the shift from being an agricultural town to a manufacturing hub. In 2013, the population was 8.3 million with an average age of 31. The city is a melting pot of culture, being the hometown for many overseas Chinese, and over 700,000 people from Hong Kong, Taiwanese and Macau descent. 8.2 million 32°C 11°C GDP $830bn 1 CONTENTS Culture History & Natural Wonders Cuisine Industry Maps Popular Attractions Transport Housing Schools Doctors Shopping Nightlife Emergency Contacts 2 CULTURE Dongguan (Chinese: 东莞) is a prefecture-level city and ranks only behind Shanghai and Suzhou in terms of exports with $65.54 billion in shipments. In addition to being an important manufacturing hub, until recently the city had the unfortunate reputation as the "sex capital of China,” and It was thought that 10% of the population were employed in the world’s oldest profession. The city is also home to one of the world's largest, although largely empty, shopping mall, the New South China Mall. 3 HISTORY & NATURAL Dongguan City is a famous historical city in Guangdong Province. According to historical records, traces of human habitation go back to the Neolithic Period (around 10,000BC).