DOCSLIB.ORG

CHINA MINSHENG BANKING CORP., LTD. 2017 ANNUAL REPORT Add

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
CHINA MINSHENG BANKING CORP., LTD. 2017 ANNUAL REPORT Add This annual report is printed on environmental paper. CHINA MINSHENG BANKING CORP., LTD. 2 017 ANNUAL REPORT Add. : No. 2, Fuxingmennei Avenue, Xicheng District, Beijing, China (a joint stock limited company incorporated in the People’s Republic of China) Tel. : (+86-10) 58560666 Stock Code USD Preference Shares Stock Code 04609 Fax. : (+86-10) 58560720 Zip Code: 100031 Website: www.cmbc.com.cn 2017 ANNUAL REPORT Important Notice The Board, the Supervisory Board, and the Directors, Supervisors and Senior Management of the Company warrant that there are no misstatements, misleading representations or material omissions in this report, and shall assume several and joint liability for the truthfulness, accuracy and completeness of its contents. This Annual Report was considered and approved on 29 March 2018 at the seventh meeting of the seventh session of the Board of the Company. Of the 18 Directors who were entitled to attend the meeting, 15 Directors attended the meeting in person, and three Directors, being the Vice Chairmen Zhang Hongwei and Liu Yonghao as well as the Director Cheng Hoi-chuen, attended the meeting by teleconference. Of the nine Supervisors who were entitled to attend the meeting as non-voting delegates, nine Supervisors attended the meeting as non-voting delegates. A profit distribution plan for the second half of 2017 was approved at the eighth extraordinary meeting of the seventh session of the Board, pursuant to which a cash dividend of RMB0.90 (tax inclusive) will be distributed to all shareholders for every 10 shares being held on the record dates. A capitalisation plan of capital reserve for 2017 was also approved at the eighth extraordinary meeting of the seventh session of the Board for the capitalisation of capital reserve from the issue of shares at premium by issuing shares to holders of A shares and holders of H shares whose names appear on the registers as at the record dates in a proportion of 2 shares for every 10 shares being held. The above proposals are subject to approval by the shareholders’ general meeting of the Company. For the purpose of this Annual Report, China Minsheng Banking Corp., Ltd. shall be referred to as the “Company”, the “Bank”, “China Minsheng Bank” or “Minsheng Bank”, whereas China Minsheng Banking Corp., Ltd. and its subsidiaries together shall be referred to as the “Group”. The financial data and indicators contained in this Annual Report are prepared according to the rules of the International Financial Reporting Standards (“IFRSs”). Unless otherwise specified, all amounts are the consolidated data of the Group and denominated in RMB. KPMG Huazhen LLP and KPMG Certified Public Accountants, auditors of the Company, have audited the financial reports of 2017 prepared in accordance with the Chinese Accounting Standards (“CAS”) and the IFRSs respectively, and issued standard and unqualified auditors’ reports. Board of Directors China Minsheng Banking Corp., Ltd. Hong Qi (Chairman), Zheng Wanchun (President), Bai Dan (Senior Management responsible for finance and accounting) and Li Wen (person in charge of the accounting department) warrant the truthfulness, accuracy and completeness of the financial reports included in this Annual Report. Contents Important Notice Definitions 2 Material Risks Warning 4 Message from the Chairman 5 Message from the President 10 Strategic Positioning and Targets of the Company 16 Annual Awards 17 Bank Profile 18 Summary of Accounting Data and Financial Indicators 20 Discussion and Analysis on Business Operation 22 Changes in Share Capital and Information on Shareholders 98 Directors, Supervisors, Senior Management and Employees 127 Corporate Governance 157 Report of the Board of Directors 210 Report of the Supervisory Board 219 Major Events 223 Financial Reports 236 Organisation Chart 473 List of Entities 474 Statistics of Correspondent Banks 2 China Minsheng Banking Corp., Ltd. Definitions In this report, unless the context otherwise requires, the following terms shall have the meanings set out below. “ACFIC” All-China Federation of Industry and Commerce (中華全國工商 業聯合會) “Bank” or “Company” or China Minsheng Banking Corp., Ltd. “China Minsheng Bank” or “Minsheng Bank” “Board” board of directors of the Company “CBIRC” China Banking and Insurance Regulatory Commission “CBRC” China Banking Regulatory Commission “CIRC” China Insurance Regulatory Commission “CMBC International” CMBC International Holdings Limited “Convertible Bond(s)” or A Share convertible bonds “Minsheng Convertible Bond(s)” or “A Share Convertible Bond(s)” “CPPCC” The National Committee of the Chinese People’s Political Consultative Conference (中國人民政治協商會議全國委員會) “CSRC” China Securities Regulatory Commission “Director” director of the Company “Group” the Company and its subsidiaries “Hong Kong Listing Rules” the Rules Governing the Listing of Securities on SEHK “Minsheng Financial Leasing” Minsheng Financial Leasing Co., Ltd. “Minsheng Royal Asset Management” Minsheng Royal Asset Management Co., Ltd. Annual Report 2017 3 Definitions “Minsheng Royal Fund” Minsheng Royal Fund Management Co., Ltd. “Model Code” Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix 10 to the Hong Kong Listing Rules “PBOC” People’s Bank of China “Phoenix Project” (鳳凰計劃) a customer-oriented comprehensive transformation and reform in the growth pattern and governance model of the Company in response to external environment changes including the liberalisation of interest rate “Reporting Period” the period from 1 January 2017 to 31 December 2017 “SBU(s)” strategic business unit(s) “SEHK” The Stock Exchange of Hong Kong Limited “Senior Management” senior management of the Company “SFO” Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) “SSE” Shanghai Stock Exchange “Supervisor” supervisor of the Company “Supervisory Board” supervisory board of the Company “SZSE” Shenzhen Stock Exchange 4 China Minsheng Banking Corp., Ltd. Material Risks Warning The Company has no foreseeable material risks. For potential risks, please refer to the section headed “XI. Prospects and Measures — (III) Potential risks” under “Discussion and Analysis on Business Operation” of this report. Annual Report 2017 5 Message from the Chairman Chairman Mr. HONG Qi 6 China Minsheng Banking Corp., Ltd. Message from the Chairman In face of the complicated domestic and global macro-economic environment, the Company strictly complied with the economic and financial strategies of the CPC Central Committee and the State Council. The Company has clearly defined its development strategies to improve financial services for the real economy, and maintained stable and healthy development with strengthened risk management, advanced reform and transformation as well as deepened business innovation. As at the end of 2017, the total assets of the Group amounted to RMB5,902,086 million, net profit attributable to equity shareholders of the Company amounted to RMB49,813 million, and return on average assets was 0.86%. The results were satisfactory. In 2017, Minsheng Bank ranked 251st in the “Fortune Global 500” by Fortune and ranked 29th in both the “Top 1000 World Banks” and the “Top 500 Banking Brands” by The Banker, and ranked 55th in the “Top 500 Enterprises in China (中國企業500強)”. Further improved efficiency and quality of services for the real economy in line with the national economic strategies. To support major national strategic projects, including the “Belt and Road Initiative”, coordinated development of the Beijing-Tianjin-Hebei region, development of Yangtze River Economic Belt, Guangdong-Hong Kong-Macao Greater Bay Area and construction of Xiong’an New Area, the Company continued to innovate business models and accelerated service tempo. In response to the tasks of cutting overcapacity, reducing excess inventory, deleveraging, lowering costs and strengthening areas of weakness, the Company adopted differentiated credit policies to proactively support emerging industries relating to energy saving and environmental protection, new energy, new material and new information technology. The Company provided targeted and customised comprehensive financial services to small and micro enterprises in order to solve their difficulties in financing and high cost of financing. The Company also vigorously developed green finance to support the development of green economy, and had entered into cooperation agreements with quality customers which had outstanding performance in eco-environmental protection sector to promote the establishment of ecological civilisation. Strengthened strategic planning and specified development objectives. Based on extensive study and in-depth judgment on the internal and external changes and the future development trend of the financial industry and its own development needs, the Company formulated a Three-Year Development Plan 《三年發展規劃》( ) with distinctive features, rational objectives and a complete set of measures. According to the Three-Year Development Plan, the Company will stick to the customer- centered principle and objectives to improve the development quality and efficiency. It has specified the three major strategic positionings of becoming “a bank for the non-state-owned enterprises (NSOEs), a fintech-based bank and a bank of comprehensive services”, as well as the implementation paths to achieve such goal. The Company also strove to build itself into a digitalised, light-weighted and integrated benchmark bank, which shaped the direction of future
Load more

Recommended publications
  • Announcement Report for the First Quarter of 2021 Of
    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. ANNOUNCEMENT REPORT FOR THE FIRST QUARTER OF 2021 OF CHINA CITIC BANK CORPORATION LIMITED This announcement is made by CITIC Limited (the “Company”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Company notes the announcement (the “CITIC Bank Announcement”) of today’s date made by China CITIC Bank Corporation Limited (“CITIC Bank”), a principal subsidiary of the Company, in relation to the unaudited consolidated results of CITIC Bank and its subsidiaries for the first quarter ended 31 March 2021. The CITIC Bank Announcement is available on the website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and is set out at the end of this announcement. By Order of the Board CITIC Limited Zhu Hexin Chairman Hong Kong, 29 April 2021 As at the date of this announcement, the executive directors of the Company are Mr Zhu Hexin (Chairman), Mr Xi Guohua and Ms Li Qingping; the non-executive directors of the Company are Mr Song Kangle, Mr Liu Zhuyu, Mr Peng Yanxiang, Ms Yu Yang, Mr Liu Zhongyuan and Mr Yang Xiaoping; and the independent non-executive directors of the Company are Mr Francis Siu Wai Keung, Dr Xu Jinwu, Mr Anthony Francis Neoh, Mr Shohei Harada and Mr Gregory Lynn Curl.
    [Show full text]
  • 中 國 民 生 銀 行 股 份 有 限 公 司 China Minsheng Banking Corp., Ltd
    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. 中國民生銀行股份有限公司 CHINA MINSHENG BANKING CORP., LTD. (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 01988) (USD Preference Shares Stock Code: 04609) Results Announcement For the Year Ended 31 December 2019 The Board of Directors (the “Board”) of China Minsheng Banking Corp., Ltd. (the “Company”) hereby announces the audited results of the Company and its subsidiaries for the year ended 31 December 2019. This announcement, containing the full text of the 2019 Annual Report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) in relation to information to accompany preliminary announcements of annual results. Publication of Annual Results Announcement and Annual Report This results announcement will be published on the HKEXnews website of Hong Kong Stock Exchange (www.hkexnews.hk) and the Company’s website (www.cmbc.com.cn). The 2019 Annual Report of the Company will be dispatched to holders of H shares of the Company and published on the websites of the Company and Hong Kong Stock Exchange in due course. Profit Distribution On 30 March 2020, the 20th meeting of the seventh session of the Board of the Company approved the profit distribution plan to declare to holders of A shares and H shares whose names appear on the registers as at the record dates as indicated in the notice of 2019 annual general meeting of the Company to be published by the Company in due course, a cash dividend of RMB3.70 (tax inclusive) for every 10 shares being held.
    [Show full text]
  • Lu Zhiqiang China Oceanwide
    08 Investment.FIN.qxp_Layout 1 14/9/16 12:21 pm Page 81 Week in China China’s Tycoons Investment Lu Zhiqiang China Oceanwide Oceanwide Holdings, its Shenzhen-listed property unit, had a total asset value of Rmb118 billion in 2015. Hurun’s China Rich List He is the key ranked Lu as China’s 8th richest man in 2015 investor behind with a net worth of Rmb83 billlion. Minsheng Bank and Legend Guanxi Holdings A long-term ally of Liu Chuanzhi, who is known as the ‘godfather of Chinese entrepreneurs’, Oceanwide acquired a 29% stake in Legend Holdings (the parent firm of Lenovo) in 2009 from the Chinese Academy of Social Sciences for Rmb2.7 billion. The transaction was symbolic as it marked the dismantling of Legend’s SOE status. Lu and Liu also collaborated to establish the exclusive Taishan Club in 1993, an unofficial association of entrepreneurs named after the most famous mountain in Shandong. Born in Shandong province in 1951, Lu In fact, according to NetEase Finance, it was graduated from the elite Shanghai university during the Taishan Club’s inaugural meeting – Fudan. His first job was as a technician with hosted by Lu in Shandong – that the idea of the Shandong Weifang Diesel Engine Factory. setting up a non-SOE bank was hatched and the proposal was thereafter sent to Zhu Getting started Rongji. The result was the establishment of Lu left the state sector to become an China Minsheng Bank in 1996. entrepreneur and set up China Oceanwide. Initially it focused on education and training, Minsheng takeover? but when the government initiated housing Oceanwide was one of the 59 private sector reform in 1988, Lu moved into real estate.
    [Show full text]
  • Annual Report 2019 Mobility
    (a joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 1766 Annual Report Annual Report 2019 Mobility 2019 for Future Connection Important 1 The Board and the Supervisory Committee of the Company and its Directors, Supervisors and Senior Management warrant that there are no false representations, misleading statements contained in or material omissions from this annual report and they will assume joint and several legal liabilities for the truthfulness, accuracy and completeness of the contents disclosed herein. 2 This report has been considered and approved at the seventeenth meeting of the second session of the Board of the Company. All Directors attended the Board meeting. 3 Deloitte Touche Tohmatsu CPA LLP has issued standard unqualified audit report for the Company’s financial statements prepared under the China Accounting Standards for Business Enterprises in accordance with PRC Auditing Standards. 4 Liu Hualong, the Chairman of the Company, Li Zheng, the Chief Financial Officer and Wang Jian, the head of the Accounting Department (person in charge of accounting affairs) warrant the truthfulness, accuracy and completeness of the financial statements in this annual report. 5 Statement for the risks involved in the forward-looking statements: this report contains forward-looking statements that involve future plans and development strategies which do not constitute a substantive commitment by the Company to investors. Investors should be aware of the investment risks. 6 The Company has proposed to distribute a cash dividend of RMB0.15 (tax inclusive) per share to all Shareholders based on the total share capital of the Company of 28,698,864,088 shares as at 31 December 2019.
    [Show full text]
  • China Vanke Co., Ltd. 2013 First Quarterly Report
    China Vanke Co., Ltd. 2013 First Quarterly Report §1 Important Notice 1.1 The Board, the Supervisory Committee, Directors, members of the Supervisory Committee and senior management of the Company warrant that in respect of the information contained in this Quarterly Report, there are no misrepresentations or misleading statements, or material omission, and individually and collectively accept full responsibility for the authenticity, accuracy and completeness of the information contained in this Quarterly Report. 1.2 None of the Directors, members of the Supervisory Committee and senior management fails to assure or disputes with the authenticity, accuracy and completeness of the contents of this Quarterly Report. 1.3 Deputy Chairman Qiao Shibo and Director Wei Bin were not able to attend the board meeting in person due to their business engagements and had authorised Director Chen Ying to represent them and vote on behalf of them. Director Yu Liang was not able to attend the board meeting in person due to personal reasons and had authorised Director Xiao Li to represent him and vote on behalf of him. 1.4 This quarterly financial report of the Company has not been audited. 1.5 The Company’s Chairman Wang Shi, Director and President Yu Liang, and Executive Vice President and Supervisor of Finance Wang Wenjin declare that the financial report contained in this Quarterly Report is warranted to be true and complete. §2 Basic Corporate Information 2.1 Major accounting data and financial guidance (Unit: RMB’000) As at 31 March 2013 As at 31
    [Show full text]
  • Global Transcriptome Analysis and Identification of Genes Involved In
    www.nature.com/scientificreports OPEN Global transcriptome analysis and identification of genes involved in nutrients accumulation during Received: 19 December 2016 Accepted: 31 August 2017 seed development of rice tartary Published: xx xx xxxx buckwheat (Fagopyrum Tararicum) Juan Huang1, Jiao Deng1, Taoxiong Shi1, Qijiao Chen1, Chenggang Liang1, Ziye Meng1, Liwei Zhu1, Yan Wang1, Fengli Zhao2, Shizhou Yu3 & Qingfu Chen1 Tartary buckwheat seeds are rich in various nutrients, such as storage proteins, starch, and flavonoids. To get a good knowledge of the transcriptome dynamics and gene regulatory mechanism during the process of seed development and nutrients accumulation, we performed a comprehensive global transcriptome analysis using rice tartary buckwheat seeds at different development stages, namely pre-filling stage, filling stage, and mature stage. 24 819 expressed genes, including 108 specifically expressed genes, and 11 676 differentially expressed genes (DEGs) were identified. qRT-PCR analysis was performed on 34 DEGs to validate the transcriptome data, and a good consistence was obtained. Based on their expression patterns, the identified DEGs were classified to eight clusters, and the enriched GO items in each cluster were analyzed. In addition, 633 DEGs related to plant hormones were identified. Furthermore, genes in the biosynthesis pathway of nutrients accumulation were analyzed, including 10, 20, and 23 DEGs corresponding to the biosynthesis of seed storage proteins, flavonoids, and starch, respectively. This is the first transcriptome analysis during seed development of tartary buckwheat. It would provide us a comprehensive understanding of the complex transcriptome dynamics during seed development and gene regulatory mechanism of nutrients accumulation. Seed is the primary storage organ in plants for storing nutrients such as starch, lipids, and proteins1.
    [Show full text]
  • The 8Th China-ASEAN Education Cooperation Week the 8Th China-Asean第八届中国education-东盟教育交流周cooperation Week 第八届中国-东盟教育交流周 Aug
    The 8th China-ASEAN Education Cooperation Week The 8th China-ASEAN第八届中国Education-东盟教育交流周Cooperation Week 第八届中国-东盟教育交流周 Aug. 3-7, 2015 Guizhou Province, P. R. China An Overview of CAECWs Since 2008, Ministry of Education of the P. R. China, Ministry of Foreign Affairs of the P. R. China and the People’s Government of Guizhou Province have successfully co-hosted seven sessions of China-ASEAN Education Cooperation Week (CAECW). CAECW has become a well-known and important platform for China and ASEAN to develop educational and cultural cooperation and to enhance better understanding and friendship. Since then, there appears more practical education cooperation, colorful cultural exchanges and other projects in multi-dimensional collaborative fields. CAECW aims to create an educational brand featuring China-ASEAN cooperation. Up till now, CAECWs have attracted over 4,880 participants, 1,050 colleges or universities, as well as educational organizations from China, ASEAN and other countries, with 654 education agreements and cooperation memorandums being signed. Over the past seven years, CAECWs have conducted as many as 70 activities, including Education Minister Roundtable Conference, University Rector Forums, Seminars, Workshops, Educational Exhibitions, Youth Sports Festivals, Youth Summer Camps and Food Festivals, etc. The practical and diverse activities provide a broad and effective platform for China-ASEAN education exchanges. With a foothold at present, CAECW will always act as a two-way cultural bridge connecting its participants and enhancing mutual trust for more cooperation and exchanges in the future. Of the previous 7 CAECWs Some Universities and Colleges Some Speakers Some Achievements Tsinghua University H. E. Madam Liu Yandong Guiyang Statement of the University Vice-Premier of the State Council, P.
    [Show full text]
  • ANNUAL REPORT 2020 Annual Report CONTENTS
    2020 ANNUAL REPORT 2020 annual report Details of Changes in Ordinary Shares and Shareholders 90 SECTION VI Significant Events 74 SECTION V 2 6 8 Discussion and Analysis of Operations 27 SECTION IV Financial Highlights 22 SECTION III Company Profile 11 SECTION II Definitions 9 MESSAGE FROM CHAIRMAN FROM MESSAGE PRESIDENT FROM MESSAGE NOTICE IMPORTANT CONTENTS SECTION I Auditor’s Report 124 Written Confirmation of 2020 Annual Report by Directors, Supervisors and Senior Management Members of Hua Xia Bank Co., Limited 122 List of Documents for Inspection 121 SECTION XI Financial Statements 120 SECTION X Corporate Governance 112 SECTION IX Directors, Supervisors, Senior Management Members, Other Employees and Branches 100 SECTION VIII Preference Shares 96 SECTION VII 2 HUA XIA BANK CO., LIMITED MESSAGE FROM CHAIRMAN Chairman: Li Minji 2020 Annual Report 3 2020 was an extraordinary year. In a strategic In the persistent pursuit of development, we drive for great rejuvenation of the Chinese nation amid achieved new breakthroughs in reform and innovation seismic changes not seen for a century, China carried during the past four years. We insisted on driving out COVID-19 prevention and control and pursued business development with reform and innovation economic and social development in a coordinated and made solid progress in key reform tasks such way. The country successfully met challenges posed as the comprehensive risk management system, the by both the complicated international situation and operation management system and the resource the COVID-19 pandemic, securing a decisive victory allocation mechanism, which delivered gratifying in finishing the building of a moderately prosperous results.
    [Show full text]
  • Guiyang Today
    今日贵阳 GUIYANG TODAY October 2020 (the Seventeenth Issue) Guiyang Foreign Affairs Office Guiyang Daily Guiyang and Gui’an New Area Embark on the Journey of Integrated Development Huaxi University Town in Gui'an New Area (provided by the Office of the Administrative Committee) The 9th plenary session of the 10th CPC Guiyang Municipal Committee was held on August 7, 2020, during which new deployment was put forward to promote the integrated growth of Guiyang and Gui’an New Area. According to the session, we should follow new development concepts, strive for high-end, green and intensive development, uphold high standards and requirements and accelerate high-level opening up to promote high-quality growth. Following the main line of “building up the city, increasing its popularity, and attracting investment to develop industries”, with the vision of “introduction of quality products and brands for the prosperity of over 100 industries”, we endeavor to develop an economic growth pole in western China, a new highland for inland open economy and an ecological civilization demonstration zone. Why choose integrated development? Profile of Gui’an New Area Gui’an New Area features open development, boost the development of opening up, coordinated and concerted Gui’an New Area is the eighth state-level terrain and convenient location. It plays an its surrounding areas and bring into full reform and innovation, sharing of public new area approved by the State Council on indispensable role in promoting industrial play its leading role as the capital city services, joint protection and treatment of Jan. 6, 2014. Located between Guiyang and development of Guizhou Province.
    [Show full text]
  • Annual Report 2019
    HAITONG SECURITIES CO., LTD. 海通證券股份有限公司 Annual Report 2019 2019 年度報告 2019 年度報告 Annual Report CONTENTS Section I DEFINITIONS AND MATERIAL RISK WARNINGS 4 Section II COMPANY PROFILE AND KEY FINANCIAL INDICATORS 8 Section III SUMMARY OF THE COMPANY’S BUSINESS 25 Section IV REPORT OF THE BOARD OF DIRECTORS 33 Section V SIGNIFICANT EVENTS 85 Section VI CHANGES IN ORDINARY SHARES AND PARTICULARS ABOUT SHAREHOLDERS 123 Section VII PREFERENCE SHARES 134 Section VIII DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT AND EMPLOYEES 135 Section IX CORPORATE GOVERNANCE 191 Section X CORPORATE BONDS 233 Section XI FINANCIAL REPORT 242 Section XII DOCUMENTS AVAILABLE FOR INSPECTION 243 Section XIII INFORMATION DISCLOSURES OF SECURITIES COMPANY 244 IMPORTANT NOTICE The Board, the Supervisory Committee, Directors, Supervisors and senior management of the Company warrant the truthfulness, accuracy and completeness of contents of this annual report (the “Report”) and that there is no false representation, misleading statement contained herein or material omission from this Report, for which they will assume joint and several liabilities. This Report was considered and approved at the seventh meeting of the seventh session of the Board. All the Directors of the Company attended the Board meeting. None of the Directors or Supervisors has made any objection to this Report. Deloitte Touche Tohmatsu (Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu Certified Public Accountants LLP (Special General Partnership)) have audited the annual financial reports of the Company prepared in accordance with PRC GAAP and IFRS respectively, and issued a standard and unqualified audit report of the Company. All financial data in this Report are denominated in RMB unless otherwise indicated.
    [Show full text]
  • List of World's Tallest Buildings in the World
    Height Height Rank Building City Country Floors Built (m) (ft) 1 Burj Khalifa Dubai UAE 828 m 2,717 ft 163 2010 2 Shanghai Tower Shanghai China 632 m 2,073 ft 121 2014 Saudi 3 Makkah Royal Clock Tower Hotel Mecca 601 m 1,971 ft 120 2012 Arabia 4 One World Trade Center New York City USA 541.3 m 1,776 ft 104 2013 5 Taipei 101 Taipei Taiwan 509 m 1,670 ft 101 2004 6 Shanghai World Financial Center Shanghai China 492 m 1,614 ft 101 2008 7 International Commerce Centre Hong Kong Hong Kong 484 m 1,588 ft 118 2010 8 Petronas Tower 1 Kuala Lumpur Malaysia 452 m 1,483 ft 88 1998 8 Petronas Tower 2 Kuala Lumpur Malaysia 452 m 1,483 ft 88 1998 10 Zifeng Tower Nanjing China 450 m 1,476 ft 89 2010 11 Willis Tower (Formerly Sears Tower) Chicago USA 442 m 1,450 ft 108 1973 12 Kingkey 100 Shenzhen China 442 m 1,449 ft 100 2011 13 Guangzhou International Finance Center Guangzhou China 440 m 1,440 ft 103 2010 14 Dream Dubai Marina Dubai UAE 432 m 1,417 ft 101 2014 15 Trump International Hotel and Tower Chicago USA 423 m 1,389 ft 98 2009 16 Jin Mao Tower Shanghai China 421 m 1,380 ft 88 1999 17 Princess Tower Dubai UAE 414 m 1,358 ft 101 2012 18 Al Hamra Firdous Tower Kuwait City Kuwait 413 m 1,354 ft 77 2011 19 2 International Finance Centre Hong Kong Hong Kong 412 m 1,352 ft 88 2003 20 23 Marina Dubai UAE 395 m 1,296 ft 89 2012 21 CITIC Plaza Guangzhou China 391 m 1,283 ft 80 1997 22 Shun Hing Square Shenzhen China 384 m 1,260 ft 69 1996 23 Central Market Project Abu Dhabi UAE 381 m 1,251 ft 88 2012 24 Empire State Building New York City USA 381 m 1,250
    [Show full text]
  • Guiyang Issued Implementation Opinions on Constructing the Pioneering Zone of the Inland Opening-Up Pilot Economic Zone
    今日贵阳 GUIYANG TODAY March 2020 (the Fifteenth Issue) Guiyang Foreign Affairs Office Guiyang Daily Guiyang Issued Implementation Opinions on Constructing the Pioneering Zone of the Inland Opening-up Pilot Economic Zone The 8th plenary meeting of the Tenth CPC Guiyang Municipal Committee kicked off on December 26, 2019. The meeting proposed that Guiyang should seize the opportunity of the construction of the new western land-sea corridor and the Guizhou inland opening-up pilot economic zone, enthusiastically participate in the construction of the Belt and Road initiative, proactively integrate into the new western land-sea corridor, lead the whole province to participate in international and domestic cooperation and competitions in more areas and at a higher level, and speed up Guanshanhu District in the morning sun establishing the pioneering zone of the inland opening-up pilot economic zone. Guizhou sparing no Guiyang seizing the opportunity to construct the new pattern of opening-up effort to establish the As Guizhou becomes the country’s Commission released an overall plan about the In order to speed up the construction of inland opening-up pilot second inland opening-up pilot economic zone, country’s new western land-sea corridor on the pioneering zone of the inland opening-up economic zone Guiyang has seized the opportunity to accelerate August 15, 2019, in which Guiyang was listed pilot economic zone, Guiyang will actively The inland opening-up pilot its high-level opening-up, with its open channels as the focus of the logistics hub
    [Show full text]