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Hong Kong's Role in China's Financial Reform
The LEXIS PRACTICE ADVISOR Journal TM WINTER 2015 / 2016 www.lexispracticeadvisor.com Start your free trial today 300+ 11 900+ LEXISNEXIS.COM/FINISH-BIG OR CALL 800.628.3612 ATTORNEY PRACTICE SEARCHABLE AUTHORS AREAS DEAL POINTS Contents WINTER 2015 / 2016 PRACTICE NEWS PRACTICE PROJECTIONS 4 A BRIEFING ON EMERGING ISSUES 35 DUE DILIGENCE IN LIFE SCIENCES IMPACTING TRANSACTIONAL PRACTICE MERGERS & ACQUISITIONS Business & Commercial, Banking & Finance, Labor & Mergers & Acquisitions Employment, Securities & Capital Markets, Real Estate 46 “REGULATION A-PLUS” LIMITED PUBLIC PRACTICE NOTES OFFERINGS UNDER SECURITIES ACT 10 UNDERSTANDING THE NLRB’S SECTION 3(B)(2) POSITIONS ON REGULATING Securities & Capital Markets EMPLOYEES’ SOCIAL MEDIA USAGE Labor & Employment 52 FDA RELEASES FIRST TWO RULES UNDER THE FOOD SAFETY MODERNIZATION ACT 18 CONFIDENTIALITY, NONDISCLOSURE Business & Commercial & SECRECY AGREEMENTS IP & Technology PRACTICE POINTERS 56 DRAFTING AND NEGOTIATING EFFECTIVE PRACTICE TRENDS CLOUD COMPUTING AGREEMENTS 24 CHALLENGES OF TAXING IP & Technology THE SHARING ECONOMY Tax 66 DRAFTING ADVICE: DEVELOPING SOCIAL MEDIA POLICIES 28 CARSHARING GETS EASY Labor & Employment REGULATORY RIDE Business & Commercial JURISDICTIONAL PRACTICE 69 MANAGERS, AGENTS & ATTORNEYS PRACTICE PROFILE California Business & Commercial 31 A VIEW OF ASSET-BASED LENDING GLOBAL PRACTICE WITH DAVID W. MORSE, BANKING & FINANCE CHAIR, OTTERBOURG PC 75 HONG KONG’S ROLE IN CHINA’S FINANCIAL Banking & Finance REFORM - THE ERA OF THE “NEW NORMAL” Banking & Finance -
ANNUAL REPORT 2016/17 5-Year Financial Summary
HOPEWELL HOLDINGS LIMITED Stock Code: 54 ANNUAL 2016/17 REPORT 64th Floor, Hopewell Centre 183 Queen’s Road East A Wan Chai, Hong Kong N N Tel: (852) 2528 4975 U A Fax: (852) 2861 2068 L REPORT www.hopewellholdings.com 2 0 1 6 / 1 7 Hopewell Holdings Limited, a Hong Kong-based group listed on the Stock Exchange since 1972 (stock code: 54). The Group has continuously grown and become one of the leading business conglomerates in Hong Kong. The Group is actively engaged in property development and investment, highway infrastructure, power, hotel & hospitality and other businesses. While achieving substantial long term growth, the Group recognises the vital importance of promoting sustainable development. It devotes significant resources to enhance corporate governance, promote environmental protection, make community investment, instill best workplace practices and engage stakeholders. CONTENTS 2 Financial Highlights 3 5-Year Financial Summary 4 Chairman’s Statement 10 Awards & Recognition 12 Profile of Directors 21 Management Discussion and Analysis 21 Business Review 59 Financial Review 68 Others 69 Highlights of Sustainability Report 71 Corporate Governance Report 89 Report of the Directors 101 Independent Auditor’s Report 107 Consolidated Statement of Profit or Loss and Other Comprehensive Income 108 Consolidated Statement of Financial Position 110 Consolidated Statement of Changes in Equity 111 Consolidated Statement of Cash Flows 113 Notes to the Consolidated Financial Statements 113 Company’s Statement of Financial Position 114 Notes -
Special Award Title Sponsors
Special Award Title Sponsors Chow Tai Fook Jewellery Group Limited (Excellence in Use of Data) Citibank (Hong Kong) Limited (Excellence in Innovation) Manulife (International) Limited (Excellence in Social Media Marketing) McDonald’s Hong Kong (Excellence in Branding) Tai Hing Group Holdings Ltd. (Excellence in Marketing Collaboration) China Tonghai International Financial Ltd (Excellence in Customer Insights) Corporate Sponsors American Express International, Inc. AXA Hong Kong and Macau CLP Power Hong Kong Limited Eu Yan Sang (HK) Limited Fantastic Natural Fuji Photo Products Cosmetics Limited Company Limited The Hong Kong and Hong Kong Economic Times China Gas Company Limited HKT Limited MTR Corporation PrimeCredit Limited SKECHERS Hong Kong Limited The Standard Supporting Organizations The Hong Kong Advertisers Metro Finance Association Sales and Marketing Digital Marketing Community Executives Club CAMPAIGN AWARDS SPECIAL AWARD TITLE SPONSORS CHOW TAI FOOK EXCELLENCE IN USE OF DATA About Chow Tai Fook Jewellery Group Chow Tai Fook Jewellery Group Limited was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group’s vision is to become the most trusted jewellery group in the world. Founded in 1929, the Group’s iconic brand “CHOW TAI FOOK” is widely recognised for its trustworthiness and authenticity, and is renowned for its product design, quality and value. The Group’s differentiation strategy continues to make inroads into diverse customer segments by catering to a bespoke experience for different lifestyles and personalities, as well as customers’ different life stages. Offering a wide variety of products, services and channels, the Group’s brand portfolio comprises the CHOW TAI FOOK flagship brand with curated retail experiences, and other individual brands including HEARTS ON FIRE, ENZO, SOINLOVE and MONOLOGUEs. -
Bilibili Announces Strategic Equity Investment in China Telecom
Bilibili Announces Strategic Equity Investment in China Telecom August 11, 2021 SHANGHAI, China, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Bilibili Inc. (the “Company” or “Bilibili”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that its PRC subsidiary Shanghai Bilibili Technology Co., Ltd. (“Shanghai Bilibili”) has entered into a strategic investor allotment agreement (the “Allotment Agreement”) with China Telecom Corporation Limited (or “China Telecom”) (HKEX: 0728) and a sponsor (the “Sponsor”) for China Telecom’s proposed offering of A shares in conjunction with its listing on the Shanghai Stock Exchange. China Telecom is an integrated intelligent information service provider in the PRC with full-service capabilities. Pursuant to the Allotment Agreement, Shanghai Bilibili is investing an aggregate amount of approximately RMB500 million in China Telecom’s newly issued A shares. Based on an offering price of RMB4.53 per A share, Shanghai Bilibili has been allocated 110,375,000 of the newly issued A shares. Shanghai Bilibili will be subject to 36 months of lock-up obligations over the A shares allocated to it. In addition, Shanghai Kuanyu Digital Technology Co., Ltd., an affiliate of Bilibili, enters into a strategic collaboration agreement with China Telecom, to pursue collaboration opportunities in areas including user growth, brand promotion, IDC and cloud services. Mr. Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili, said, “We are excited to have this opportunity to join hands with China Telecom at this pivotal moment, as state-run enterprises returning to their home capital market and leading China’s industrial digitization in building the nation’s 5G infrastructure and more. -
The Diminishing Power and Democracy of Hong Kong: an Analysis of Hong Kong's Umbrella Movement and the Anti-Extradition Law Amendment Bill Movement
Portland State University PDXScholar University Honors Theses University Honors College Summer 2021 The Diminishing Power and Democracy of Hong Kong: An Analysis of Hong Kong's Umbrella Movement and the Anti-Extradition Law Amendment Bill Movement Xiao Lin Kuang Portland State University Follow this and additional works at: https://pdxscholar.library.pdx.edu/honorstheses Part of the Asian Studies Commons, and the Other International and Area Studies Commons Let us know how access to this document benefits ou.y Recommended Citation Kuang, Xiao Lin, "The Diminishing Power and Democracy of Hong Kong: An Analysis of Hong Kong's Umbrella Movement and the Anti-Extradition Law Amendment Bill Movement" (2021). University Honors Theses. Paper 1126. https://doi.org/10.15760/honors.1157 This Thesis is brought to you for free and open access. It has been accepted for inclusion in University Honors Theses by an authorized administrator of PDXScholar. Please contact us if we can make this document more accessible: [email protected]. The diminishing power and democracy of Hong Kong: an analysis of Hong Kong’s Umbrella Movement and the Anti-extradition Law Amendment Bill Movement by Xiao Lin Kuang An undergraduate honors thesis submitted in partial fulfillment of the Requirements for the degree of Bachelor of Arts In University Honors And International Development Studies And Chinese Thesis Adviser Maureen Hickey Portland State University 2021 The diminishing power and democracy of Hong Kong Kuang 1 Abstract The future of Hong Kong – one of the most valuable economic port cities in the world – has been a key political issue since the Opium Wars (1839—1860). -
Asia-Express Logistics Holdings Limited 亞 洲 速 運 物 流 控 股 有 限
IMPORTANT If you are in any doubt about any of the contents of this prospectus, you should obtain independent professional advice. Asia-express Logistics Holdings Limited 亞 洲 速運物 流 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) LISTING ON GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED BY WAY OF SHARE OFFER Number of Offer Shares : 120,000,000 Shares Number of Placing Shares : 108,000,000 Shares (subject to reallocation) Number of Public Offer Shares : 12,000,000 Shares (subject to reallocation) Offer Price : Not more than HK$0.58 per Offer Share and expected to be not less than HK$0.42 per Offer Share plus brokerage of 1%, Stock Exchange trading fee of 0.005% and SFC transaction levy of 0.0027% (payable in full on application, subject to refund on final pricing) Nominal value : HK$0.01 per Share Stock code : 8620 Sole Sponsor South China Capital Limited Joint Bookrunners and Joint Lead Managers China Tonghai Securities Limited Wealth Link Securities Limited South China Securities Limited 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, together with the documents specified in the section headed ‘‘Documents Delivered to the Registrar of Companies and Available for Inspection — Documents Delivered to the Registrar of Companies’’ in Appendix V to this prospectus, 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). -
Kowloon ¡V Canton Railway Corporation
STRATEGIC ENVIRONMENTAL ASSESSMENT KEY ISSUES REPORT Hyder - Mott Connell Joint Venture This report is prepared by Hyder-Mott Connell Joint Venture for information and discussion purposes. The findings and recommendations do not necessarily represent the views of the HKSARG. TABLE OF CONTENTS 1. INTRODUCTION 2. INFLUENCING FACTORS AND KEY ISSUES 3. ENVIRONMENTAL ASPECTS AND KEY ISSUES 4. POTENTIAL SOLUTIONS REFERENCES ABBREVIATIONS 1 1. Introduction 1.1 Background 1.1.1 The HK2030: Planning Vision and Strategy (Main Study) is a strategic planning study tasked with preparing a strategic land use planning framework for Hong Kong for a period of 30 years. It will address ‘how much, what type and where land for development should be provided’. 1.1.2 The Government is committed to supporting and promoting sustainable development and to this end major policy and strategy initiatives must undergo a sustainability assessment. Under the overall goal of adhering to the principle of sustainable development, a planning objective of the HK2030 Study is to provide a good quality living environment. To achieve this, we need to strike a balance in the demand for, and supply of, environmental resources and a Strategic Environmental Assessment (SEA) is being undertaken as an integral part of the HK2030 Study. 1.1.3 To put the SEA into context, it is important to note that the Main Study involves four key stages of work viz: Stage 1: Agenda Setting, Baseline Review and Identification of Key Issues Stage 2: Examination of Key Issues Stage 3: Formulation and Evaluation of Scenarios and Options Stage 4: Formulation of Development Strategies and Response Plans 1.1.4 The SEA is being integrated with the Main Study by providing environmental input at all stages. -
10. HONG KONG's STRATEGIC IMPORTANCE UNDER CHINESE SOVEREIGNTY Tai Ming Cheung Hong Kong Has Come a Long Way Since It Was
- 170 - 10. HONG KONG’S STRATEGIC IMPORTANCE UNDER CHINESE SOVEREIGNTY Tai Ming Cheung Hong Kong has come a long way since it was dismissed as a barren rock a century and a half ago. This bastion of freewheeling capitalism today is a leading international financial, trading and communications center serving one of the world’s fastest growing economic regions. But Hong Kong is also entering a period of considerable change and uncertainty following its reversion to Chinese sovereignty that is likely to have a far- reaching impact on its strategic importance and role over the coming years. As a British colony, Hong Kong was an important outpost for the West to keep an eye on China and safeguard busy sea-lanes. Under Chinese rule, the Hong Kong Special Administrative Region (SAR) will play a crucial role in boosting China’s economic growth and promoting Beijing’s long-term goal of reunification with Taiwan. How China handles Hong Kong’s return will have major consequences for the territory as well as for China’s relations with the international community. The world will be watching very carefully whether Beijing will adhere to its international commitments of allowing the SAR to retain a high degree of autonomy. The U.S. has said that the transition will be a key issue in determining its future relations with China. This paper will examine the strategic implications of Hong Kong's return to Chinese rule. Several key issues will be explored: • Hong Kong's past and present strategic significance. • The stationing of the People's Liberation Army (PLA) in Hong Kong. -
Made in China, Financed in Hong Kong
China Perspectives 2007/2 | 2007 Hong Kong. Ten Years Later Made in China, financed in Hong Kong Anne-Laure Delatte et Maud Savary-Mornet Édition électronique URL : http://journals.openedition.org/chinaperspectives/1703 DOI : 10.4000/chinaperspectives.1703 ISSN : 1996-4617 Éditeur Centre d'étude français sur la Chine contemporaine Édition imprimée Date de publication : 15 avril 2007 ISSN : 2070-3449 Référence électronique Anne-Laure Delatte et Maud Savary-Mornet, « Made in China, financed in Hong Kong », China Perspectives [En ligne], 2007/2 | 2007, mis en ligne le 08 avril 2008, consulté le 28 octobre 2019. URL : http://journals.openedition.org/chinaperspectives/1703 ; DOI : 10.4000/chinaperspectives.1703 © All rights reserved Special feature s e v Made In China, Financed i a t c n i e In Hong Kong h p s c r e ANNE-LAURE DELATTE p AND MAUD SAVARY-MORNET Later, I saw the outside world, and I began to wonder how economic zones and then progressively the Pearl River it could be that the English, who were foreigners, were Delta area. In 1990, total Hong Kong investments repre - able to achieve what they had achieved over 70 or 80 sented 80% of all foreign investment in the Chinese years with the sterile rock of Hong Kong, while China had province. The Hong Kong economy experienced an accel - produced nothing to equal it in 4,000 years… We must erated transformation—instead of an Asian dragon specialis - draw inspiration from the English and transpose their ex - ing in electronics, it became a service economy (90% of ample of good government into every region of China. -
Market Statistics 2020 Page
Market Statistics 2020 Page 1. Records Set in 2020 1 2. Securities Market Statistics 2-8 3. China Dimension 9-10 4. Derivatives Market Statistics 11-12 5. LME Statistics 13 6. QME Statistics 14 7. Bond Connect Statistics 15 RECORDS SET IN 2020 Securities Market As at 31 Dec 2020 Pre-2020 Record Market Capitalisation $47,523.0 bil (31 Dec 2020) $38,362.0 bil (30 Dec 2019) Market Turnover $32,110.1 bil $26,422.8 bil (Year 2018) CBBCs Turnover $2,335.3 bil 1,995 bil (Year 2019) Debt securities Fund raised $1,528.7 bil $1,401.9 bil (Year 2019) CBBCs Fund raised $1,274.2 bil $878.5 bil (Year 2019) Shanghai – Northbound Trading (Trade Value) RMB 9,035.9 bil RMB 4,991.4 bil (Year 2019) Shenzhen – Northbound Trading (Trade Value) RMB 12,052.7 bil RMB 4,765.8 bil (Year 2019) Shanghai – Southbound Trading (Trade Value) $2,954.6 bil $1,822.1 bil (Year 2018) Shenzhen – Southbound Trading (Trade Value) $2,553.4 bil $1,011.6 bil (Year 2018) No of newly listed Derivative Warrants 12,128 11,794 (Year 2018) No of newly listed CBBCs 38,039 26,678 (Year 2018) No of newly listed debt securities 430 420 (Year 2019) Derivatives Market As at 31 Dec 2020 Pre-2020 Record Trading Turnover (Contracts) (Contracts) Mini Hang Seng Index Futures 27,902,077 24,664,381 (Year 2018) HSI Dividend Point Index Futures 25,098 20,793 (Year 2012) Stock Futures 1,141,729 917,358 (Year 2019) Iron Ore Futures – Monthly Contracts 97,048 55,944 (Year 2019) Mini Hang Seng Index Options 3,345,582 3,343,429 (Year 2019) Stock Options 131,021,660 127,279,101 (Year 2018) Open Interest -
Chapter 6 Hong Kong
CHAPTER 6 HONG KONG Key Findings • The Hong Kong government’s proposal of a bill that would allow for extraditions to mainland China sparked the territory’s worst political crisis since its 1997 handover to the Mainland from the United Kingdom. China’s encroachment on Hong Kong’s auton- omy and its suppression of prodemocracy voices in recent years have fueled opposition, with many protesters now seeing the current demonstrations as Hong Kong’s last stand to preserve its freedoms. Protesters voiced five demands: (1) formal with- drawal of the bill; (2) establishing an independent inquiry into police brutality; (3) removing the designation of the protests as “riots;” (4) releasing all those arrested during the movement; and (5) instituting universal suffrage. • After unprecedented protests against the extradition bill, Hong Kong Chief Executive Carrie Lam suspended the measure in June 2019, dealing a blow to Beijing which had backed the legislation and crippling her political agenda. Her promise in September to formally withdraw the bill came after months of protests and escalation by the Hong Kong police seeking to quell demonstrations. The Hong Kong police used increasingly aggressive tactics against protesters, resulting in calls for an independent inquiry into police abuses. • Despite millions of demonstrators—spanning ages, religions, and professions—taking to the streets in largely peaceful pro- test, the Lam Administration continues to align itself with Bei- jing and only conceded to one of the five protester demands. In an attempt to conflate the bolder actions of a few with the largely peaceful protests, Chinese officials have compared the movement to “terrorism” and a “color revolution,” and have im- plicitly threatened to deploy its security forces from outside Hong Kong to suppress the demonstrations. -
Printmgr File
The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, 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 Application Proof. Application Proof of 7Road Holdings Limited (the “Company”) (Incorporated in the Cayman Islands with limited liability) WARNING The publication of this Application Proof is required by The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and the Securities and Futures Commission (the “SFC”) solely for the purpose of providing information to the public in Hong Kong. This Application Proof is in draft form. The information contained in it is incomplete and is subject to change which can be material. By viewing this document, you acknowledge, accept and agree with the Company, its sponsors, advisers or members of the underwriting syndicate that: (a) this document is only for the purpose of providing information about the Company to the public in Hong Kong and not for any other purposes. No investment decision should be based on the information contained in this document; (b) the publication of this document or supplemental, revised or replacement pages on the Stock Exchange’s website does not give rise to any obligation of the Company, its sponsors, advisers or members of the underwriting syndicate to proceed with an offering in Hong Kong or any other jurisdiction.