DOCSLIB.ORG

00B1601050 Book.Indb 1 16/4/2016 11:09:49 CORPORATE INFORMATION 公司資料

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
00B1601050 Book.Indb 1 16/4/2016 11:09:49 CORPORATE INFORMATION 公司資料 CONTENTS 目錄 Page 頁次 CORPORATE INFORMATION 2 公司資料 CHAIRMAN’S STATEMENT 4 主席報告 MANAGEMENT DISCUSSION AND ANALYSIS 10 管理層討論及分析 REPORT OF THE DIRECTORS 47 董事會報告 CORPORATE GOVERNANCE REPORT 79 企業管治報告 BIOGRAPHICAL DETAILS OF DIRECTORS 92 董事履歷 INDEPENDENT AUDITOR’S REPORT 98 獨立核數師報告書 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 102 綜合損益及其他全面收益表 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 104 綜合財務狀況表 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 106 綜合權益變動表 CONSOLIDATED STATEMENT OF CASH FLOWS 108 綜合現金流量報表 NOTES TO FINANCIAL STATEMENTS 111 財務報表附註 FIVE YEAR FINANCIAL SUMMARY 287 五年財務概要 二零一五年年報 ANNUAL REPORT 2015 1 00B1601050 Book.indb 1 16/4/2016 11:09:49 CORPORATE INFORMATION 公司資料 EXECUTIVE DIRECTORS 執行董事 Mr. Li Hejun (Chairman) 李河君先生（主席） Mr. Frank Mingfang Dai Frank Mingfang Dai先生 (Deputy Chairman and Chief Executive Officer) （副主席兼首席執行官） Dr. Feng Dianbo (Deputy Chairman) 馮電波博士（副主席） Mr. Chen Li (Executive Vice-President) 陳力先生（常務副總裁） Dr. Lam Yat Ming Eddie 林一鳴博士 Mr. Huang Songchun (Financial Controller) 黃松春先生（財務總監） Mr. Si Haijian 司海健先生 Mr. Zhang Bo 張波先生 INDEPENDENT NON-EXECUTIVE 獨立非執行董事 DIRECTORS Ms. Zhao Lan 趙嵐女士 Mr. Wang Tongbo 王同渤先生 Professor Xu Zheng 徐征教授 Dr. Wang Wenjing 王文靜博士 AUDIT COMMITTEE 審核委員會 Ms. Zhao Lan (Chairperson) 趙嵐女士（主席） Mr. Wang Tongbo 王同渤先生 Professor Xu Zheng 徐征教授 Dr. Wang Wenjing 王文靜博士 REMUNERATION COMMITTEE 薪酬委員會 Ms. Zhao Lan (Chairperson) 趙嵐女士（主席） Mr. Li Hejun 李河君先生 Mr. Frank Mingfang Dai Frank Mingfang Dai先生 Mr. Wang Tongbo 王同渤先生 Professor Xu Zheng 徐征教授 Dr. Wang Wenjing 王文靜博士 NOMINATION COMMITTEE 提名委員會 Mr. Wang Tongbo (Chairperson) 王同渤先生（主席） Ms. Zhao Lan 趙嵐女士 Professor Xu Zheng 徐征教授 Dr. Wang Wenjing 王文靜博士 COMPANY SECRETARY 公司秘書 Ms. Lee Wai Yee 李慧兒女士 AUDITORS 核數師 Ernst & Young 安永會計師事務所 2 漢能薄膜發電集團有限公司 HANERGY THIN FILM POWER GROUP LIMITED 00B1601050 Book.indb 2 16/4/2016 11:09:50 CORPORATE INFORMATION 公司資料 PRINCIPAL BANKERS 主要往來銀行 The Hongkong and Shanghai Banking Corporation Limited 香港上海滙豐銀行有限公司 Industrial and Commercial Bank of China (Asia) Limited 中國工商銀行（亞洲）有限公司 Industrial Bank Co., Ltd. 興業銀行股份有限公司 China Construction Bank 中國建設銀行 China Merchant Bank 招商銀行 Bank of China 中國銀行 ABN AMRO 荷蘭銀行 REGISTERED OFFICE 註冊辦事處 Clarendon House Clarendon House 2 Church Street 2 Church Street Hamilton HM 11 Hamilton HM 11 Bermuda Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF 總辦事處及主要營業地點 BUSINESS Suite 7601A & 7607-08, Level 76 香港九龍 International Commerce Centre 柯士甸道西一號 1 Austin Road West 環球貿易廣場 Kowloon, Hong Kong 76樓 7601A及 7607-08室 PRINCIPAL SHARE REGISTRAR AND 股份過戶及登記總處 TRANSFER OFFICE MUFG Fund Services (Bermuda) Limited MUFG Fund Services (Bermuda) Limited 26 Burnaby Street 26 Burnaby Street Hamilton HM11 Hamilton HM11 Bermuda Bermuda BRANCH SHARE REGISTRAR AND 股份過戶及登記香港分處 TRANSFER OFFICE IN HONG KONG Tricor Tengis Limited 卓佳登捷時有限公司 Level 22, Hopewell Centre 香港 183 Queen’s Road East 灣仔 Wanchai 皇后大道東183號 Hong Kong 合和中心22樓 STOCK CODE 股份代號 566 566 WEBSITE 網址 www.hanergythinfilmpower.com www.hanergythinfilmpower.com 二零一五年年報 ANNUAL REPORT 2015 3 00B1601050 Book.indb 3 16/4/2016 11:09:52 CHAIRMAN’S STATEMENT 主席報告 To Hanergy Thin Film Power Group Limited (the Group), 對於漢能薄膜發電集團（「本集團」）來說，二 2015 was a year of major challenge as well as a year of 零一五年是面臨著巨大挑戰的一年，也是收 great reward. 穫最大的一年。 When faced with a sudden challenge, those who are 面對突如其來的挑戰，懦弱的人會選擇逃 weak will choose to run, and those who are coward will 避，膽小者會選擇退縮，但成大事者就會把 choose to back down. However, the achievers will seize 握機會，堅強地將困難征服，將挫折瓦解。 the opportunity with fortitude to surmount the obstacle, 因為只有敢於面對挑戰的人，才會體驗到成 turning setback into success. Only those who dare to face 功的滋味。 the challenge will be able to taste the fruit of success. In 2015 we suffered from a sudden blow which disrupted 在二零一五年，我們受到一場突如其來的打 the pace of Hanergy’s development, disrupted the medium 擊，將漢能的發展節奏打亂了，原先定下的 and long term planning, and tightened the squeeze on our 中長期規劃被打亂了，資金鏈一下子繃緊 funding channels. In particular, the plan for localization and 了；特別是我們把最先進的薄膜技術進行國 large scale industrialization of our most advanced thin film 產化和大規模產業化的計畫，更被徹底地打 technology was completely affected. Since the Group’s 亂。這是自本集團成立以來變化最大的一 establishment, this has been a year of the greatest change 年，也是壓力最大的一年。 and a year with extreme pressure to bear. Daunting as the challenge may have looked, I am 但對於今次的挑戰，我反而會為此覺得感 personally thankful, and take it as an opportunity to fortify 恩，認為是上天給我們一次磨練的機會。在 our will and sharpen our skills. The Hanergy people under 巨大壓力的情況下，漢能人依然咬緊牙關， such extreme pressure simply bit the bullet and turned 奮力將壓力變成動力，將營運策略變得更 the pressure into a driving force, improving the operational 好，將市場定位更加優化；在困難的過程 strategy and optimizing the market positioning. During 中，我們看清楚自身問題，堅定了變革調整 the painful process, we clearly saw our problems and 的決心，暫停了一些業務，撤銷和重組了一 took a firm stand in our reforms and transformation. We 些部門，加強了經銷商的銷售規模，將公司 suspended some businesses, reorganized or removed 變得更好。 some departments, enhanced dealers’ sales volume, and made the Company better. A great enterprise must go through great ordeal, Through 一個偉大的企業，必定要經歷偉大的磨練。 the series of experience and toughening, we have become 通過這一輪的歷練和洗禮，我們沒有畏懼， fearless, we have stood tall, and we have become 我們沒有被打垮，我們變得更強。 stronger. This is the Hanergy spirit. 這就是漢能精神。 4 漢能薄膜發電集團有限公司 HANERGY THIN FILM POWER GROUP LIMITED 00B1601050 Book.indb 4 16/4/2016 11:09:53 CHAIRMAN’S STATEMENT 主席報告 Today, the Hanergy people can be proud of the following: 今天，值得全體漢能人自豪的是：在薄膜太 thin film solar power is an industry with a bright future, and 陽能領域這一極具前景的行業中，我們已經 we have mastered its core technology and manufacturing 掌握著核心技術與工藝。在五年前的時候， techniques. Five years ago when we started manufacturing 當我們剛開始做薄膜，很多人都抱著懷疑的 thin film products, there were many skeptics because 態度，因為那時大家都在做晶硅，大家都懷 everybody else was working on crystalline silicon, and 疑薄膜的趨勢；但我們卻先於市場判斷出薄 everybody else doubted the future of the thin film 膜化、柔性化是全球太陽能的未來趨勢，所 technology. We, however, established our conviction 以我們先行一步，走到了最前頭的位置。 before the market realized that thin film and flexibility would be the future trend for global solar energy. We have been one step ahead, and now stand in the forefront. Today there is no dispute among the European Union, 到了今天，薄膜的方向已經沒有任何爭議， the United States and Japan that thin film is the future 歐盟、美國、日本都已經很明確，太陽能的 in the solar energy. In China the National Development 未來就是薄膜；國家發改委、工信部、國家 and Reform Commission, the Ministry of Industry and 能源局等等有關部門，都將薄膜放在最重要 Information Technology, the National Energy Authority 的戰略定位之一。在二零一五年十一月，德 and other related departments have all placed thin film 國、美國等九國三十位科學家聯名發佈《銅銦 technology in the most important strategic position. In 鎵錫薄膜太陽能電池技術白皮書》，指出銅銦 November 2015, thirty scientists from nine countries 鎵錫薄膜電池可使太陽能轉換率超過30%， including Germany and the US jointly issued the “white 肯定了薄膜發電作為一種高競爭力的技術， paper on CIGS thin film solar cell technology”, pointing 是大規模光伏應用中最具可持續性的解決方 out that solar energy conversion rates of cells from 案。 CIGS technology were over 30%, and gave recognition to the immense competitiveness of the thin film power technology. The large scale photovoltaic application was the most sustainable energy solution. Because we had a head start, our flexible thin film solar 由於我們較別人更早開始，目前我們的柔性 batteries have achieved many first places in the world, 薄膜電池，已經得到多個全球第一，包括Alta including the world record of up to 31.6% conversion Devices砷化鎵（GaAs）雙結電池轉化率達到 rate of Alta Devices’ GaAs double junction solar cell, the 31.6%的世界紀錄；Global Solar Energy柔 world’s best efficiency in small dimension mass produced 性共蒸發薄膜電池，量產晶片小尺寸冠軍效 wafer of Global Solar Energy’s flexible co-evaporation thin 率全球第一；MiaSolé多元素濺射法柔性單串 film cells, and the world’s best efficiency of MiaSolé multi- 組件效率全球第一等。截到目前維止，本集 element sputtering flexible single string assembly. As 團在全球擁有專利1,226件，其中60%為發 at this moment, the Group owns 1,226 patents, 60% of 明專利。 which are invention patents. 二零一五年年報 ANNUAL REPORT 2015 5 00B1601050 Book.indb 5 16/4/2016 11:09:54 CHAIRMAN’S STATEMENT 主席報告 The Group’s thin film technology is in a global leading 除了本集團的薄膜技術，已經走到了世界的 position. However, we are still continuously improving 領先地位，我們的高端裝備生產能力也仍在 our advanced equipment production capabilities and solar 不斷進步，Alta Devices中試研發線(Pilot) product performance. Alta Devices’ pilot cell efficiency, 的電池效率、良品率和產量大幅改進，實現 yield and production volume are greatly improved; stable 了批量穩定持續性生產，成功轉型為可量產 and sustained mass production is achieved, successfully 的小規模生產線。GSE於轉換效率的提升及 transforming into a small scale production line that is 減低生產成本方面，取得了一定的成果，在 capable of mass production. GSE has also achieved 集成電池互聯技術（ICI）自動化生產線方面， results in enhancement of conversion rate and lowering 完成了具有自主知識產權的設計及組裝全方 of production cost; in the ICI automated production 位解決方案，為未來大規模量產作出準備。 line, we have achieved a comprehensive design and MiaSolé的 CIGS的量產設備不僅在漢能的基 assembly solution with independent intellectual property 地順利投產，而且已經開始接受第三方客戶 rights, paving the way for large scale mass production. 的訂單。 The production equipment of CIGS of MiaSolé has been implemented in Hanergy’s bases and started to receive orders from third party customers. The Group’s MiaSolé FLEX and GSE FLEX modules have 本集團之MiaSolé FLEX和 GSE FLEX組件， both successively completed registration of the stringent 先後完成了日本嚴格的JPEA的 A 申請登錄， A application of JPEA in Japan, making them applicable 可以應用於日本10KW以下的住宅屋頂項 to residential roof top projects of up to 10KW in Japan. 目。雖然這次申報困難重重，但我們最終通 Although this registration was ridden with many difficulties, 過了認證，成為了量產ClGS薄膜型柔性組件 we were able to finally receive the accreditation. It was 初次通過A 申請，為漢能柔性組件開拓日本的 the first
Load more

Recommended publications
  • WIC Template 13/9/16 11:52 Am Page IFC1
    In a little over 35 years China’s economy has been transformed Week in China from an inefficient backwater to the second largest in the world. If you want to understand how that happened, you need to understand the people who helped reshape the Chinese business landscape. china’s tycoons China’s Tycoons is a book about highly successful Chinese profiles of entrepreneurs. In 150 easy-to- digest profiles, we tell their stories: where they came from, how they started, the big break that earned them their first millions, and why they came to dominate their industries and make billions. These are tales of entrepreneurship, risk-taking and hard work that differ greatly from anything you’ll top business have read before. 150 leaders fourth Edition Week in China “THIS IS STILL THE ASIAN CENTURY AND CHINA IS STILL THE KEY PLAYER.” Peter Wong – Deputy Chairman and Chief Executive, Asia-Pacific, HSBC Does your bank really understand China Growth? With over 150 years of on-the-ground experience, HSBC has the depth of knowledge and expertise to help your business realise the opportunity. Tap into China’s potential at www.hsbc.com/rmb Issued by HSBC Holdings plc. Cyan 611469_6006571 HSBC 280.00 x 170.00 mm Magenta Yellow HSBC RMB Press Ads 280.00 x 170.00 mm Black xpath_unresolved Tom Fryer 16/06/2016 18:41 [email protected] ${Market} ${Revision Number} 0 Title Page.qxp_Layout 1 13/9/16 6:36 pm Page 1 china’s tycoons profiles of 150top business leaders fourth Edition Week in China 0 Welcome Note.FIN.qxp_Layout 1 13/9/16 3:10 pm Page 2 Week in China China’s Tycoons Foreword By Stuart Gulliver, Group Chief Executive, HSBC Holdings alking around the streets of Chengdu on a balmy evening in the mid-1980s, it quickly became apparent that the people of this city had an energy and drive Wthat jarred with the West’s perception of work and life in China.
    [Show full text]
  • Hanergy Solar 566 Hk
    18 NOVEMBER 2013 HONGINITIATION KONG / ALTERNATIVE 34 TAIWAN ENERGY /TECHNOLOGY HANERGY SOLAR 566 HK HOW WE DIFFER FROM CONSENSUS MARKET RECS TARGET PRICE HKD1.34 TARGET PRICE (%) 52 POSITIVE 1 HOLD CLOSE HKD1.25 EPS 2013 (%) NA NEUTRAL 0 UP/DOWNSIDE +7.4% CHANGEPRIOR TP IN TP HKD % EPS 2014 (%) NA NEGATIVE 1 Wait on the sidelines KEY STOCK DATA YE Dec (HKD m) 2012A 2013E 2014E 2015E Revenue 2,756 4,556 5,275 6,182 n Downstream business is still too small to move the needle The 1H results were a surprise, with sales and profit growing 86% Rec. net profit 1,316 2,955 2,985 3,264 and 165% h-h. Momentum is likely to persist in 2H13 thanks to a Recurring EPS (HKD) 0.10 0.11 0.11 0.12 stable equipment business. However, concerns lie in the fact that EPS growth (%) 47.0 8.0 1.0 9.4 parent company Hanergy Group (not listed , 63% stake) is also the Recurring P/E (x) 12.8 11.8 11.7 10.7 sole customer. High reliance on the parent is a double-edged sword: Dividend yield (%) 0.0 0.0 0.0 0.0 Hanergy Solar receives both technical and financial support, but does not have total control over its business strategy. Expansion into EV/EBITDA (x) 9.5 7.0 8.6 7.2 downstream solar farms is a way out, as it could diversify the Price/book (x) 1.4 2.2 1.8 1.6 customer base, yet at 7% of projected sales in 2014, it is still too Net debt/Equity (%) (6.2) (14.2) (1.8) (4.8) small to move the needle.
    [Show full text]
  • Charles Zhang
    In a little over 35 years China’s economy has been transformed Week in China from an inefficient backwater to the second largest in the world. If you want to understand how that happened, you need to understand the people who helped reshape the Chinese business landscape. china’s tycoons China’s Tycoons is a book about highly successful Chinese profiles of entrepreneurs. In 150 easy-to- digest profiles, we tell their stories: where they came from, how they started, the big break that earned them their first millions, and why they came to dominate their industries and make billions. These are tales of entrepreneurship, risk-taking and hard work that differ greatly from anything you’ll top business have read before. 150 leaders fourth Edition Week in China “THIS IS STILL THE ASIAN CENTURY AND CHINA IS STILL THE KEY PLAYER.” Peter Wong – Deputy Chairman and Chief Executive, Asia-Pacific, HSBC Does your bank really understand China Growth? With over 150 years of on-the-ground experience, HSBC has the depth of knowledge and expertise to help your business realise the opportunity. Tap into China’s potential at www.hsbc.com/rmb Issued by HSBC Holdings plc. Cyan 611469_6006571 HSBC 280.00 x 170.00 mm Magenta Yellow HSBC RMB Press Ads 280.00 x 170.00 mm Black xpath_unresolved Tom Fryer 16/06/2016 18:41 [email protected] ${Market} ${Revision Number} 0 Title Page.qxp_Layout 1 13/9/16 6:36 pm Page 1 china’s tycoons profiles of 150top business leaders fourth Edition Week in China 0 Welcome Note.FIN.qxp_Layout 1 13/9/16 3:10 pm Page 2 Week in China China’s Tycoons Foreword By Stuart Gulliver, Group Chief Executive, HSBC Holdings alking around the streets of Chengdu on a balmy evening in the mid-1980s, it quickly became apparent that the people of this city had an energy and drive Wthat jarred with the West’s perception of work and life in China.
    [Show full text]
  • Huang Ming Energy Himin Solar
    Week in China China’s Tycoons Alternative Huang Ming Energy Himin Solar grow quickly. Himin is now China’s biggest maker of solar water heaters, producing one million per year. His hometown, Dezhou, “We want to be which was previously known mainly for its like what Henry braised chicken, has become an important Ford was to the hub for the country’s solar industry – three- automobile quarters of its homes use Huang’s product. industry” The company’s eye-catching headquarters, the Sun-Moon Mansion, is also said to be the largest building in the world to use solar power as its main energy source. You can even get round the HQ on solar-powered golf carts. Himin has received attention from serious investors. In late 2008, Goldman Sachs and private equity firm CDH Investment together invested $100 million in the company to feed growth and finance research and development. Huang said at the time that Himin was looking to go public. However, according to Chinese media, the company has since cancelled at least three listing plans, as Huang doesn’t want Born in Jiangsu in 1958, Huang Ming is one of to float his company while the valuation of the the many examples in this book of a business solar sector remains lacklustre. leader who was lucky enough to be of university Himin has also expanded to provide green age just as the Cultural Revolution ended. power solutions for hotels, schools, factories and airports. It has built a low-emission holiday Getting started resort in Dezhou known as Solar Valley.
    [Show full text]
  • HANERGY THIN FILM POWER GROUP LIMITED 漢 能 薄 膜 發 電 集 團 有 限 公 司 (Incorporated in Bermuda with Limited Liability) (Stock Code: 566)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. HANERGY THIN FILM POWER GROUP LIMITED 漢 能 薄 膜 發 電 集 團 有 限 公 司 (Incorporated in Bermuda with limited liability) (Stock code: 566) ANNOUNCEMENT OF 2017 RESULTS The board of directors (the “Board”) of Hanergy Thin Film Power Group Limited (the “Company”) hereby announces the consolidated results of the Company and its subsidiaries (collectively the “Group”) for the year ended 31 December 2017 with comparative figures in 2016 as follows: CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2017 2017 2016 Notes HK$’000 HK$’000 REVENUE 4 6,147,385 4,483,130 Cost of sales (3,472,144) (1,885,358) Gross profit 2,675,241 2,597,772 Other income and gains 76,470 77,204 (Loss)/gain on disposal of subsidiaries, net 5 (5,568) 62,623 Selling and distribution expenses (414,463) (404,769) Administrative expenses (990,090) (882,280) Research and development costs 5 (621,678) (567,165) Other expenses (214,449) (175,123) Finance costs (59,339) (49,867) PROFIT BEFORE TAX 5 446,124 658,395 Income tax expense 6 (185,092) (406,781) PROFIT FOR THE YEAR 261,032 251,614 — 1 — 2017 2016 Notes HK$’000 HK$’000 OTHER COMPREHENSIVE INCOME/(LOSS) TO BE RECLASSIFIED
    [Show full text]
  • This Document Is Important and Requires Your Immediate Attention
    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this Scheme Document or as to the action to be taken, you should consult a licensed securities dealer, or other registered institution in securities, a bank manager, solicitor, professional accountant, or other professional adviser. If you have sold or transferred all your shares in Hanergy Thin Film Power Group Limited, you should at once hand this Scheme Document and the accompanying forms of proxy to the purchaser or the transferee or to the licensed securities dealer or registered institution in securities or other agent through whom the sale or transfer was effected for transmission to the purchaser or the transferee. This Scheme Document does not constitute an offer or invitation to, nor is it intended to invite offers by, the public to subscribe for or to purchase shares or other securities of Hanergy Thin Film Power Group Limited and it must not be used for the purpose of offering or inviting offers for any securities. 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 Scheme Document, 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 Scheme Document. 漢能移動能源控股集團有限公司 HANERGY MOBILE ENERGY HANERGY THIN FILM POWER GROUP LIMITED HOLDING GROUP
    [Show full text]
  • The 5Th China New Energy International Forum Draft Agenda
    The 5th China New Energy International Forum Draft Agenda Date Forum Time Topic Speaker 8：00—9： Registration 00 Chair Gao Jifan, Standing Vice-chairman of CNECC, President of Trina Solar Limited 9：00—9： Opening Ceremony 05 9：05—9： Welcome Speech Li Hejun, Chairman of CNECC 10 9：10—9： Shi Dinghuan, Counsellor of State Council; the Head of Chinese Opening Remarks 15 Renewable Energy Society Bureau of Fair Trade for Imports & Exports, Ministry of Commerce, P.R.China National Energy Administration 9：15—10： Ministry of Science and Technology Remarks by Leadership 15 Leader of Environmental Protection and Resources Conservation Committee of NPC Morning,March Opening 30 Ceremony Huang Mengfu, vice chairman of CPPCC; Chairman of All-china Federation of Industry and Commerce 10：15—10 Coffee Break ：30 Chair Zhang Zhengyu, President of Beijing Hi-Tech Wealth Electronic Product Co.,Ltd 10：30—10 Status and Trends on Global Edward Clarence-Smith, Representative and Head of UNIDO ：45 Renewable Energy Industry Regional Office,United Nations Industry Development Organization 10：45—11 Status and Trends on China's Li Junfeng, Vice-head of Energy Research Insitution of NDRC ：00 Renewable Energy Industry Reasonable Electricity Price Policy 11：00—11 Huang Shaozhong, Vice-director of Price and Finance Regulatory Promotes Development of ： Department of State Electricity Regulatory Commission 15 Renewable Energy Developing Renewable Energy for 11：15—11 Power Generation and Promoting Hu Xuehao, Chief Scientist of China Electric Power Research Institute ：30 the Utilization of Smart-grid in China New Energy Industrial Development 11：30—11 Liang Junqiang, Vice Director of Science Development Promotion Promotes Energy Conservation in ： Center, MOHURD 45 Building 11：45—12 Case Study-the Development of TBD ：00 New Energy of Europe and U.S.
    [Show full text]
  • Findings of the Investigation Into China's Acts, Policies
    OFFICE of the UNITED STATES TRADE REPRESENTATIVE EXECUTIVE OFFICE OF THE PRESIDENT FINDINGS OF THE INVESTIGATION INTO CHINA’S ACTS, POLICIES, AND PRACTICES RELATED TO TECHNOLOGY TRANSFER, INTELLECTUAL PROPERTY, AND INNOVATION UNDER SECTION 301 OF THE TRADE ACT OF 1974 March 22, 2018 Abbreviations and Acronyms Acronym Definition 3PLA People’s Liberation Army, Third Department 4WD four-wheel drive AAFA American Apparel & Footwear Association ABA American Bar Association ABC Agriculture Bank of China ABPIA American Bridal & Prom Industry Association ACC American Chemistry Council AEI American Enterprise Institute AGIC Asia-Germany Industrial Promotion Capital AI artificial intelligence AmCham American Chamber of Commerce Shanghai AML Anti-Monopoly Law AMSC American Superconductor Corporation APEC Asia-Pacific Economic Cooperation APT advanced persistent threat AQSIQ Administration of Quality Supervision, Inspection and Quarantine ATI Allegheny Technologies, Inc AVIC Aviation Industry Corporation of China AVICEM ACIF Electromechanical Systems Co., Ltd AWD all-wheel drive BCM Bank of Communications BEA U.S. Bureau of Economic Analysis BGI Shenzhen Beijing Genomics Institute BIO Biotechnology Innovation Organization BIS Bureau of Industry and Security BoC Bank of China BRI Belt and Road Initiative BRIC Brazil, Russia, India, and China C&C command-and-control CAAC Civil Aviation Administration of China CAIGA China Aviation Industry General Aircraft Co. CAST China Association of Science and Technology CCBC China Construction Bank Corporation
    [Show full text]
  • Corporate Governance Case Studies Volume 5
    Corporate Governance Case Studies Volume five Mak Yuen Teen, PhD, FCPA (Aust.) Editor First published October 2016 Copyright ©2016 Mak Yuen Teen and CPA Australia All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, except for inclusion of brief quotations in a review. The views expressed in this publication are those of the authors and do not necessarily represent the views of, and should not be attributed to, CPA Australia Ltd. Please contact CPA Australia or Professor Mak Yuen Teen for permission of use of any case studies in this publication. Corporate Governance Case Studies Volume Five Editor : Mak Yuen Teen, PhD, FCPA (Aust.) Editor’s email : [email protected] Published by : CPA Australia Ltd 1 Raffles Place #31-01 One Raffles Place Singapore 048616 Website : cpaaustralia.com.au Email : [email protected] ISBN : 978-981-11-0729-0 II Contents Foreword Preface SINGAPORE CASES Lian Beng: Deconstructing Remuneration ....................................................... 1 Nobel Design: The Founder Strikes Back ...................................................... 13 Hit By Iceberg: Noble Group .......................................................................... 27 The Sinking Of OW Bunker ............................................................................ 40 Singapore Post: Signed, Sealed, Undelivered................................................
    [Show full text]
  • MONEY, MARKETS and HYDROPOWER: Chinese Dam Construction in Africa
    MONEY, MARKETS and HYDROPOWER: Chinese dam construction in Africa Xiao Han (ORCID: 0000-0001-5129-3788) Thesis submitted in total fulfilment of the requirements of the degree of Doctor of Philosophy March 2018 School of Geography Faculty of Science The University of Melbourne Abstract This thesis aims to clarify the formation of goals, practices and consequences of Chinese outward investment, through the lens of the Chinese government’s and corporations’ engagement in African dam construction. To achieve this aim, three research questions are addressed: 1 how do Chinese actors form their goals in investing in African dam construction? 2 how are the Chinese practices in Africa related to these goals? and 3 what are the consequences of the Chinese practices? Considering China’s (re-)emergence in the neoliberal world, this thesis probes Chinese overseas investment with an eye to their spending of money, energy and time; and posits the Chinese government and corporations as both central to address the research aim. Starting from a genealogy of the shaping of the Chinese dam construction industry, this thesis applies a technopolitical approach to disentangling the historical, technical, political, social and environmental complexity associated with dams and proceeds with a life cycle analysis of a specific project in Africa, which is financed and built by Chinese actors – the Bui dam construction in Ghana. Informed by qualitative data collected from open sources and fieldwork mainly in Beijing, Accra and Bui, the thesis finds that investing in African dam construction, the Chinese government and corporations have divergent priorities but interlocking goals, but the formations of the goals of Chinese actors affect each other; and that although their practices are mainly informed by their goals, the Chinese activities overseas are affected and challenged by the interplay with external technocratic and political influences which sometimes lead to uncertain consequences.
    [Show full text]
  • Historical Dictionary of the Chinese Economy
    The historical dictionaries present essential information on a broad range of subjects, including American and world history, art, business, cities, countries, cultures, customs, film, global conflicts, international relations, literature, music, philosophy, religion, sports, and theater. Written by experts, all contain highly informative introductory essays on the topic and detailed chronologies that, in some cases, cover vast historical time periods but still manage to heavily feature more recent events. Brief A–Z entries describe the main people, events, politics, social issues, institutions, and policies that make the topic unique, and entries are cross-referenced for ease of browsing. Extensive bibliographies are divided into several general subject areas, provid- ing excellent access points for students, researchers, and anyone wanting to know more. Additionally, maps, photographs, and appendixes of supplemental information aid high school and college students doing term papers or introductory research projects. In short, the historical dictionaries are the perfect starting point for anyone looking to research in these fields. HISTORICAL DICTIONARIES OF ASIA, OCEANIA, AND THE MIDDLE EAST Jon Woronoff, Series Editor Guam and Micronesia, by William Wuerch and Dirk Ballendorf. 1994. Palestine, by Nafez Y. Nazzal and Laila A. Nazzal. 1997. Lebanon, by As’ad AbuKhalil. 1998. Azerbaijan, by Tadeusz Swietochowski and Brian C. Collins. 1999. Papua New Guinea, Second Edition, by Ann Turner. 2001. Cambodia, by Justin Corfield and Laura Summers. 2003. Saudi Arabia, Second Edition, by J. E. Peterson. 2003. Nepal, by Nanda R. Shrestha and Keshav Bhattarai. 2003. Kyrgyzstan, by Rafis Abazov. 2004. Indonesia, Second Edition, by Robert Cribb and Audrey Kahin. 2004. Republic of Korea, Second Edition, by Andrew C.
    [Show full text]
  • Shanghai Workers Series Meet Three Inspiring Expats Who Are Just Mad About Living and Working in Shanghai: Heather Kaye, Jamie Barys and Xavier Bernasconi
    May 2015 Premier Li Keqiang ALSO INSIDE • Centennial Ball Snapshots • WeChat and Business A Balancing Act China’s plan to balance growth and build a more predictable business environment this year could benefit some multinationals but pose a burden to others Shanghai Workers Series Meet three inspiring expats who are just mad about living and working in Shanghai: Heather Kaye, Jamie Barys and Xavier Bernasconi 2015-5 cover.indd 1 15-4-23 上午9:01 MAY 2015 INSIGThe Journal of the American Chamber of CommerceH in ShanghaiT AMCHAM SHANGHAI 12 By Kathryn Grant PRESIDENT Centennial Ball Highlights Kenneth Jarrett 12 AmCham Shanghai kicked off our 100th anniversary year VP OF PROGRAMS & SERVICES with the Centennial Ball at the fabulous Peninsula Hotel Scott Williams VP OF ADMINISTRATION & FINANCE Helen Ren 16 DIRECTORS Shanghai Workers Series BUSINESS DEVELOPMENT & MARKETING 16 We continue our annual series with three dynamic expats Patsy Li who work in Shanghai. Meet Jamie Barys, Xavier Bernasconi COMMITTEES and Heather Kaye Stefanie Myers EVENTS Jessica Wu 26 GovERNMENT RELATIONS & CSR A Balancing Act Veomayoury "Titi" Baccam 26 By St. John Moore, Gordon Guo and Rachel Morarjee MEMBERSHIP & CVP Our cover story focuses on highlights from China’s Linda X. Wang legislative session in Beijing and ramifications for foreign INSIGHT companies EDITOR-IN-CHIEF Bryan Virasami 33 CONTENT MANAGER Look Before You Leap By Natalie Lowe Kathryn Grant 33 A social media expert explains why WeChat can give your SENIOR ASSOCIATE EDITOR company a boost and why it’s not for everyone Silvia Feng INTERNS Lois Delhom Anne Meredith Amanda Zhao INSIGHT standards DESIGN 5 Movers & Shakers 8 China Business Alicia Beebe PRINTING MONTH IN PICTURES EXECUTIVE MEDIA ROOM Mickey Zhou Highlights from recent events Favorite social media platform Snap Printing, Inc.
    [Show full text]