Annual Report
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
A Spatial and Temporal Analysis on NDVI in Urad Grassland During 2010-2019 Over Remote Sensing
MATEC Web of Conferences 336, 06029 (2021) https://doi.org/10.1051/matecconf/202133606029 CSCNS2020 A spatial and temporal analysis on NDVI in Urad grassland during 2010-2019 over remote sensing Yueying Zhang, Tiantian Liu, Yuxi Wang, Ming Zhang, and Yu Zheng* Henan Key Lab Spatial Infor. Appl. Eco-environmental Protection, Zhengzhou, China Abstract. The temporal-spatial dynamic variation of vegetation coverage from 2010 to 2019 in Urad Grassland, Inner Mongolia has been investigated by analysing on MODIS NDVI remote sensing products. This paper applies pixel dichotomy approach and linear regression trend analysis method to analyze the temporal and spatial evolution trend of vegetation coverage over the past 10 years. The average annual vegetation coverage showed a downward trend in general from 2010 to 2019. The vegetation distribution and change trend analysis provide a thorough and scientific reference for policymaking in environmental protection. 1 Introduction Urad Grassland as the study area in this work is located in the northern foot of Yinshan Mountain in China, with dry and windy winter and high proportion of wind erosion and desertification land. At present, over 70% grassland is seriously degraded, which is the main sand source of sandstorm and poses a threat to ecological security in North China [1][2]. Therefore, it is not only a typical ecological fragile zone which is very sensitive to global change, but also a critical ecological barrier in the mainland. Fortunately, government has constantly funded billions of RMB in Urad Grassland since 2003 to encourage in closing grassland, restoring vegetation, returning grazing to grassland and reducing population density [1]. -
Company Report Hong Kong Equity Research
Monday, May 30, 2016 China Merchants Securities (HK) Co., Ltd. Company Report Hong Kong Equity Research Anna YU Sinopec Kantons (934 HK) +852 6226 8956 Oil & gas logistics platform to thrive on volume growth [email protected] ■ Key beneficiary of robust China crude oil imports given its more than 50% market share in domestic crude oil jetty services market Initiation ■ Newly acquired natural gas pipeline to leverage on robust China natural gas consumption in the long run BUY ■ Valuation attractive. Initiate with BUY and TP of HK$5.14 Leverage on robust China crude oil imports Price HK$3.72 12-month Target Price We expect China crude oil imports to grow at solid 7% CAGR in 2015- HK$5.14 (+38%) 20E underpinned by lower domestic production, inventory build-up and (Potential up/downside) higher non-state crude oil import quota. Thanks to robust China crude oil imports, we expect the throughput volume in Sinopec Kantons’ 7 Price Performance domestic crude oil terminals to increase from 187mt in 2015 to 244mt in (%) 2018E, representing a CAGR of 9% during the period with overall 10 934 HSI Index utilization up from 69% in 2015 to 83% in 2018E. 0 Gas transmission volume to recover from low base -10 -20 The newly acquired Yu-Ji Pipeline reported a 7.8% YoY decline in -30 transmission volume to 3.0bcm in 2015, mainly due to 37% YoY plunge in -40 volume to Shandong given increased LNG imports in the area upon the -50 operation of Qingdao LNG terminal as at the end of 2014. -
Official Record of Proceedings
LEGISLATIVE COUNCIL ─ 3 November 2010 1399 OFFICIAL RECORD OF PROCEEDINGS Wednesday, 3 November 2010 The Council met at Eleven o'clock MEMBERS PRESENT: THE PRESIDENT THE HONOURABLE JASPER TSANG YOK-SING, G.B.S., J.P. THE HONOURABLE ALBERT HO CHUN-YAN IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, S.B.S., S.B.ST.J., J.P. THE HONOURABLE LEE CHEUK-YAN DR THE HONOURABLE DAVID LI KWOK-PO, G.B.M., G.B.S., J.P. THE HONOURABLE FRED LI WAH-MING, S.B.S., J.P. DR THE HONOURABLE MARGARET NG THE HONOURABLE JAMES TO KUN-SUN THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE CHAN KAM-LAM, S.B.S., J.P. THE HONOURABLE MRS SOPHIE LEUNG LAU YAU-FUN, G.B.S., J.P. THE HONOURABLE LEUNG YIU-CHUNG DR THE HONOURABLE PHILIP WONG YU-HONG, G.B.S. 1400 LEGISLATIVE COUNCIL ─ 3 November 2010 THE HONOURABLE WONG YUNG-KAN, S.B.S., J.P. THE HONOURABLE LAU KONG-WAH, J.P. THE HONOURABLE LAU WONG-FAT, G.B.M., G.B.S., J.P. THE HONOURABLE MIRIAM LAU KIN-YEE, G.B.S., J.P. THE HONOURABLE EMILY LAU WAI-HING, J.P. THE HONOURABLE ANDREW CHENG KAR-FOO THE HONOURABLE TIMOTHY FOK TSUN-TING, G.B.S., J.P. THE HONOURABLE TAM YIU-CHUNG, G.B.S., J.P. THE HONOURABLE ABRAHAM SHEK LAI-HIM, S.B.S., J.P. THE HONOURABLE LI FUNG-YING, S.B.S., J.P. THE HONOURABLE TOMMY CHEUNG YU-YAN, S.B.S., J.P. THE HONOURABLE FREDERICK FUNG KIN-KEE, S.B.S., J.P. -
Shanghai Municipal Commission of Commerce Belt and Road Countries Investment Index Report 2018 1 Foreword
Shanghai Municipal Commission of Commerce Belt and Road Countries Investment Index Report 2018 1 Foreword 2018 marked the fifth year since International Import Exposition Municipal Commission of Commerce, President Xi Jinping first put forward (CIIE), China has deepened its ties releasing the Belt and Road Country the Belt and Road Initiative (BRI). The with partners about the globe in Investment Index Report series Initiative has transformed from a trade and economic development. to provide a rigorous framework strategic vision into practical action President Xi Jinping has reiterated at for evaluating the attractiveness during these remarkable five years. these events that countries should of investing in each BRI country. enhance cooperation to jointly build Based on extensive data collection There have been an increasing a community of common destiny and in-depth analysis, we evaluated number of participating countries for all mankind , and the Belt and BRI countries' (including key and expanding global cooperation Road Initiative is critical to realizing African nations) macroeconomic under the BRI framework, along with this grand vision. It will take joint attractiveness and risks, and identified China's growing global influence. By efforts and mutual understanding to key industries with high growth the end of 2018, China had signed overcome the challenges ahead. potential, to help Chinese enterprises BRI cooperation agreements with better understand each jurisdiction's 122 countries and 29 international Chinese investors face risks in the investment environment. organizations. According to the Big BRI countries, most of which are Data Report of the Belt and Road developing nations with relatively The Belt and Road Country (2018) published by the National underdeveloped transportation and Investment Index Report 2017 Information Center, public opinion telecommunication infrastructures. -
The Stock Exchange of Hong Kong Limited Takes No Responsibility For
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. The Bank of East Asia, Limited 東亞銀行有限公司 (Incorporated in Hong Kong with limited liability in 1918) (Stock Code: 23) CHANGE OF CHIEF EXECUTIVE AND RE-DESIGNATION OF DIRECTOR AND APPOINTMENT OF CO-CHIEF EXECUTIVES The Board of the Bank announces that with effect from 1st July, 2019: Dr. the Hon. Sir David LI Kwok-po will step down from his position as Chief Executive of the Bank. He will be re-designated as Executive Chairman and will also remain as an Executive Director, the Chairman of the Board and a member of the Nomination Committee of the Bank. Mr. Adrian David LI Man-kiu and Mr. Brian David LI Man-bun will assume the role of Co-Chief Executives of the Bank. CHANGE OF CHIEF EXECUTIVE AND RE-DESIGNATION OF DIRECTOR The Board of Directors (the “Board”) of The Bank of East Asia, Limited (the “Bank”) announces that Dr. the Hon. Sir David LI Kwok-po (“Sir David”) will step down from his day-to-day role as Chief Executive of the Bank. Sir David will be re-designated to be Executive Chairman (the “Re-designation”) and will stay on to serve as an Executive Director, the Chairman of the Board and a member of the Nomination Committee of the Bank. -
Regional Energy Industry Insights
Regional Energy Industry Insights Volume II Refer to important disclosures at the end of this report DBS Group Research . Equity 5 Jul 2019 The Regional Energy space in Asia-Pacific is evolving rapidly, and we are keeping tabs to share with you. This is the next in a series of short features for the sector in a new and refreshed format, where we will, on a regular basis, present emerging trends and updates that will be of long-term interest for readers. Happy reading! ed: TH/ sa: JC, PY, CS Regional Energy Industry Insights: Issues in regional renewables markets Analyst Issues in regional renewables markets Patricia YEUNG +852 36684189 [email protected] • Investments in renewable energy capacity is on the Suvro Sarkar +65 81893144 rise in most Asia-Pacific markets, but is it all smooth [email protected] sailing? Pei Hwa HO +65 6682 3714 [email protected] • We identify some current issues in renewables sector in select countries in the region and expected progress on these issues in future • In the following pages, we will focus on China, Australia, Vietnam and Bangladesh respectively Page 2 Regional Energy Industry Insights: Issues in regional renewables markets Contents 1. Focus on China – towards grid parity Page 4 2. Focus on Australia – coping with MLFs Page 9 3. Focus on Vietnam – risking agreements Page 13 4. Focus on Bangladesh – land ahoy Page 19 Page 3 Regional Energy Industry Insights: Issues in regional renewables markets SECTION 1: FOCUS ON CHINA Widening shortfall in renewable energy fund. The delay in subsidy payments has been a major overhang for the renewable sector in China. -
Trends in China Facts from the Renewables in Cities 2021 Global Status Report
Embargoed until: 09:30 CET Paris Time – 18 March 2021 Trends in China Facts from the Renewables in Cities 2021 Global Status Report Key Renewable Energy Takeaways in 2020 from China • China is the greatest market in the world for solar PV1, with many of these developments taking place in urban areas and helping to decarbonise energy use in buildings; however, further efforts are needed to increase the share of renewables across sectors, including heating and cooling, but also power – especially in light of the expansion of e-mobility2. • The electrification of all transport modes has been pioneered in Chinese cities; they are visibly committed to the national EV ambition, providing complementary municipal-level subsidies (in addition to national incentives) for battery electric and fuel cell electric vehicles. • China is the second-largest producer of district heating (DH) in the world, and although these systems rely almost entirely on fossil fuels, some cities have been increasing solar thermal and geothermal heating capacity and use in their DH networks. Brand new data shows • Only 25 cities had renewable energy targets and/or policies from a global total of over 1,300 cities). This covers 321 million people, 38% of the urban population in China • On a global scale, Chinese cities are lagging behind on setting net-zero3 targets: some notable exceptions exist: 6 cities were developing net-zero targets in 2020, and Dalian set a target to achieve net-zero by 2050. Rizhao has had a target for climate neutrality by 2050 since 2008. Renewable Energy Developments in Chinese Cities City renewable energy commitments and policies • Most city-level targets and actions are in line with (and often part of the implementation of) national-level policy, including China’s commitment to reach carbon neutrality by 2060. -
PERSPECTIVES Developing Tomorrow’S Business Leaders for Tomorrow’S Markets
PANMURE HOUSE PERSPECTIVES Developing tomorrow’s business leaders for tomorrow’s markets ISSUE 1 AUTUMN 2017 [ OUR WORLD IN A WHIRL ] RADICAL INNOVATIONis the only way to bring the joy of life to billions more on our planet. Professor Richard Williams explores. DWELLING ON THE MATERNITY SELAMAT HONG KONG’S SPIRIT OF SMITH: MATTERS: PAGI: VETERAN BANKER The regeneration of an iconic address Improving health care in Afghanistan A Malayasian campus welcome Exclusive interview with Sir David Li THE BUSINESS JOURNAL OF EDINBURGH BUSINESS SCHOOL, HERIOT-WATT UNIVERSITY Welcome Why Panmure House contents ___________ Autumn 2017 MASTER OF HIS DESTINY Entrepreneur Gordon McKie talks about Cashmaster, Perspectives? his global business based in Fife. ____ p4 AN INTRODUCTION FROM PROFESSOR HEATHER MCGREGOR DWELLING ON THE SPIRIT OF SMITH Kenny Kemp takes a guided tour of Panmure House The very foundation of our university in Edinburgh with Martin Sinclair, project director. ____ p6 can be traced back to similarly close relationships ADAM’S MOTHER between academia, industry and innovation. Benny Higgins, the chairman of the National Gallery of Scotland trustees, in praise of mothers. ____ p9 In the year that we have been recognised as ECONOMICS WITH THE TRUTH the Sunday Times International University of the Professor Neil Kay examines the timeless lessons of W Year, there can be no doubt that Panmure House an 18th-century genius. ____ p11 elcome to the first edition of Panmure House will continue to feature as a fiercely international WHAT’S ON MY READING LIST Perspectives, the new international business venue for discourse about the social and economic Dr Lina Fadel describes an eclectic range of material journal of Edinburgh Business School, the dimensions of world trade. -
Credit Trend Monitor: Earnings Rising with GDP; Leverage Trends Driven by Investment
CORPORATES SECTOR IN-DEPTH Nonfinancial Companies – China 24 June 2021 Credit Trend Monitor: Earnings rising with GDP; leverage trends driven by investment TABLE OF CONTENTS » Economic recovery drives revenue and earnings growth; leverage varies. Rising Summary 1 demand for goods and services in China (A1 stable), driven by the country's GDP growth, Auto and auto services 6 will benefit most rated companies this year and next. Leverage trends will vary by sector. Chemicals 8 Strong demand growth in certain sectors has increased investment requirements, which in Construction and engineering 10 turn could slow some companies’ deleveraging efforts. Food and beverage 12 Internet and technology 14 » EBITDA growth will outpace debt growth for auto and auto services, food and Metals and mining 16 beverages, and technology hardware. As a result, leverage will improve for rated Oil and gas 18 companies in these sectors. A resumption of travel, outdoor activities and business Oilfield services 20 operations, with work-from-home options, as the coronavirus pandemic remains under Property 22 control in China will continue to drive demand. Steel, aluminum and cement 24 Technology hardware 26 » Strong demand and higher pricing will support earnings growth for commodity- Transportation 28 related sectors. These sectors include chemicals, metals and mining, oil and gas, oilfield Utilities 30 services, steel, aluminum and cement. Leverage will improve as earnings increase. Carbon Moody's related publications 32 transition may increase investments for steel, aluminum and cement companies. But List of rated Chinese companies 34 rated companies, which are mostly industry leaders, will benefit in the long term because of market consolidation. -
STOXX Hong Kong All Shares 50 Last Updated: 01.12.2016
STOXX Hong Kong All Shares 50 Last Updated: 01.12.2016 Rank Rank (PREVIOUS ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) ) KYG875721634 BMMV2K8 0700.HK B01CT3 Tencent Holdings Ltd. CN HKD Y 128.4 1 1 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 69.3 2 2 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 60.3 3 4 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 57.5 4 3 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 37.7 5 5 CNE1000001Z5 B154564 3988.HK CN0032 BANK OF CHINA 'H' CN HKD Y 32.6 6 7 KYG217651051 BW9P816 0001.HK 619027 CK HUTCHISON HOLDINGS HK HKD Y 32.0 7 6 HK0388045442 6267359 0388.HK 626735 Hong Kong Exchanges & Clearing HK HKD Y 28.5 8 8 CNE1000003X6 B01FLR7 2318.HK CN0076 PING AN INSUR GP CO. OF CN 'H' CN HKD Y 26.5 9 9 CNE1000002L3 6718976 2628.HK CN0043 China Life Insurance Co 'H' CN HKD Y 20.4 10 15 HK0016000132 6859927 0016.HK 685992 Sun Hung Kai Properties Ltd. HK HKD Y 19.4 11 10 HK0883013259 B00G0S5 0883.HK 617994 CNOOC Ltd. CN HKD Y 18.9 12 12 HK0002007356 6097017 0002.HK 619091 CLP Holdings Ltd. HK HKD Y 18.3 13 13 KYG2103F1019 BWX52N2 1113.HK HK50CI CK Property Holdings HK HKD Y 17.9 14 11 CNE1000002Q2 6291819 0386.HK CN0098 China Petroleum & Chemical 'H' CN HKD Y 16.8 15 14 HK0688002218 6192150 0688.HK 619215 China Overseas Land & Investme CN HKD Y 14.8 16 16 HK0823032773 B0PB4M7 0823.HK B0PB4M Link Real Estate Investment Tr HK HKD Y 14.6 17 17 CNE1000003W8 6226576 0857.HK CN0065 PetroChina Co Ltd 'H' CN HKD Y 13.5 18 19 HK0003000038 6436557 0003.HK 643655 Hong Kong & China Gas Co. -
The Trade War and China's Oil and Gas Supply Security
HIGH ANXIETY: THE TRADE WAR AND CHINA’S OIL AND GAS SUPPLY SECURITY BY ERICA DOWNS NOVEMBER 2019 “If Oil Supplies Are Cut Off, How Much Oil Does China Have?” —Cover of the June 15, 2019, issue of China Petroleum & Petrochemical1 “Is China’s Oil Supply Still Secure?” —Cover of the August 15, 2018, issue of China Petroleum & Petrochemical2 Introduction In summer 2018, China’s president Xi Jinping, facing pressure from the US-China trade war, intervened in a long-running debate within China’s oil industry about the extent to which national security concerns or market forces should determine domestic oil and natural gas production. Xi effectively tipped the scales in favor of advocates of prioritizing self-sufficiency over cost as part of a broader push for self-reliance amidst trade tensions. As a result, China’s national oil companies (NOCs) are accelerating investment in domestic exploration and production. While this ramp-up in spending is likely to result in an increase in output, especially of natural gas, it is unlikely to alter China’s substantial and growing reliance on oil and natural gas imports. However, the trade war probably will continue to contribute to shifts in the composition of China’s import portfolio, with both traditional and new suppliers gaining shares as a result of the slowdown in the flows of US liquified natural gas (LNG) and crude oil to China and decreases in deliveries of Iranian and Venezuelan crudes due to US sanctions. Xi instructed China’s NOCs to ramp up domestic exploration and production of oil and natural gas to enhance national energy security in July 2018. -
Ping an Insurance
Investment Daily 23 April 2021 Major Market Indicators Market Overview 22 Apr 21 Apr 20 Apr Mkt. Turn.(mn) 154,500 154,400 195,700 Focus on individual company performance; Eye on Golden Week Stock Advances 905 591 842 Concept Stock Stock Declines 756 1,075 796 Overnight US equities rose. Hong Kong stock market rose 133 points to 28,755. H-share HSI 28,755 28,622 29,136 Index rose 50 points to 10,939. Tech Index rose 94 points to 8,279. Market turnover was Change +133 -514 +30 HK$154.5 billion. Commodity stocks grew. Angang(347) and Maanshan Iron(323) gained HSI Turn.($bn) 55.63 75.47 113.52 5.2-9.8%. Healthcare sector rose. Innovent Bio(1801) and Ocumension-B(1477) gained HSCEI 10,939 10,889 11,086 4.7-13.6%. China Gas(384) announced share placement at discount. Share price failed to Change +51 -197 -7 keep above placement price HK$29.75. Share price plunged 11.3% and closed at HK$29. HSCEI Turn.($bn) 68.19 76.42 112.87 US initial weekly jobless claim fell further to 547,000, better than expectation, but it failed to provide much support to the US stock market on Thursday. Investors remained concerns HSI Technical Indicators on the surge of COVID 19 new cases in lots of countries including India. Media reports saying that US President Biden plans to propose nearly doubling the capital gains tax rate 10-days MA 28,793 50-days MA 29,178 for wealthy individuals, triggered a sell off on the US stock market in late session.