The company was listed in Hong Kong in 2006 which means it will become China’s first port with a dual listing.

And also the Dalian Port is the biggest port operator in Bohai Bay which is located in the northeastern China; it focuses on container and crude oil.

The company said this month that it will issue no more than 1.2 billion A shares in Shanghai and no more than 1.2 billion shares to its parent (Dalian Port Co Ltd), expecting to raise a total of 2.8 billion yuan.

Currently the company is holding 3 billion shares and the holding of its parent will be reduced from 60 percent to 55 percent after the share issue.

The executive director of Dalian Port, Zhang Fengge said that assume 3.67 yuan per share as the offering price, and the asset acquisition earned 14 million yuan this year, the dilution effect to H shares may be offset and the earning per share will increaser 0.7 percent.

Funds raised earnings will be used for the construction of dock infrastructure and bulk cargo dock facilities, as well as bank repayment.

Sun also said that the port would increase capital expenditure next year to 3 billion yuan after an asset acquisition from its parent Dalian Port Co Ltd, up from 2 billion yuan this year. And after that asset acquisition, it would enjoy a big market share. And the net profit may rise to 140 million yuan.

Dalian Port accomplished throughput of 185 million tons, an 11.9-percent rise on the previous year, and an 18.1-percent rise in containers to 4.5 million 20-foot equivalent units (TEUs). More than 90 percent of trade containers in northeastern China move through the port to go abroad.

The port aims to boost throughput by 10percent next year from this year’s expected throughput. Its passenger roll-on, roll-off terminal experienced a 50-percent rise on both throughput and revenue in the first half year of 2009.

China port operators have been reporting gradually improving volumes after the deepest slump in global trade because of the economic slowdown.

There is still growth in cargo volumes last month compare to the year earlier, posted by China’s Yangtze River Delta. Cargo throughput at Shanghai rose 5.8 percent year on year to 33.28 million tons last month, according to Shanghai International Port Group (SIPG).

The Baltic Dry Index reached a seven-month high point this week, boosting optimism for port business in the fourth quarter and early next year.

Qingdao, another high rated port, is also gearing up for its IPO as the seventh largest port worldwide and first container transfer port in China.

Tian Guangwen, the vice-president of Qingdao port said that they have been preparing for year, he said that they ran for H shares at first but this year they restarted the application for A share listing and wish to go to the market as a whole.

He also said that it is good news for Dalian. Their IPO will not be for capital raising but for better development.

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In this joint venture, Shanghai will pay 51 million Yuan for holding 51% of share and Hong Kong will take the rest of the shares which is 49%, the joint venture was named “Shanghai Hong Kong Airport Management Co. This stake structure would remain unchanged for 20 years from 2010.

Han Zheng, the mayor of the Shanghai municipal government, said Shanghai hoped the cooperation would allow the instruction of a sophisticated service and management experience at Hongqiao Airport, enabling it to develop into a highly competitive airport.

Tang Ying-Yen, chief secretary for Administration of the Hong Kong Special Administrative Region government, said it valued and supported the airport project of the two cities, and he believed both sides could benefit from the platform.

The Shanghai government proposed strengthening the economic ties between Shanghai and Hong Kong in 8 sectors including airport, logistics and the world Expo.

The statement also said Hongqiao Airport was building a new terminal that is scheduled to be completed next year, with that the Hongqiao Airport will be expand to 364,000sqm from 82,000sqm.

The airport aimed at 30 million passengers’ flies and 1 million tons of cargo a year by 2015. in 2008, the airport handled 22.9 million passengers and 415,700 metric tons of cargo.

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215 senior financial services executive, of which 20% come from the Chinese mainland and Hong Kong, finished the survey.

The survey showed that comparing with 2008, the figure of respondents intending to make an acquisition increases 4% this year. Most Chinese mainland and Taiwan respondents like to use M&A deals.

Nelson Lou, transaction partner, PwC, said that the keenness in China should owe to stronger balance sheets and fewer use of outbound M&A activity in the past few years.

Among the respondents, over 63% people from Chinese mainland are actively planning to expand their business in the current environment while the figure is only 43% among HK respondents.

The potential driver for M&As in china will be the need to expand business lines and enlarge the sources of fee income. Over 42% of respondents who based on Chinese market would enlarge their business, 42% are developing a new business line, and 69% are entering the newer markets.

Matthew Phillips, transaction partner, PwC, said that since activity in china has been low till now, they are rebuilding their confidence and he would not be surprise to see the renew in foreign trade by Chinese institutions in a few mouth.

In 2008 Chinese banking sector use financial service M%As to restructure. Central Huijin Investment Co,s inject $19 billion to the Agricultural Bank of china, making it the largest transaction.

Nearly 50% of respondents thought the main barrier for M&A to develop its business in Asia is asset valuation. Over 42% of the respondents mentioned the lack of clarity on financial position of many institutions as the most difficult to fair valuation, while 40% worried about the market stagnant.

Transaction value of financial service of several areas in Asia-Pacific, including banks, insures, securities firms and mutual funds, decreased from $125.96 billion in 2007 to $99 million in 2008.

The Economist Intelligence Unit finished the survey in January and February 2009, which is the fourth PwC report on financial services M&As.

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According to estimation, 72.6 billion yuan ($ 10 billion) will be cost on this 29.6 km bridge, which links Hong Kong, Zhuhai and Macao.  The reclaimed island off Gongbei of Macao and the eastern artificial island for the tunnel section of Hong Kong will be connected through this bridge.

The bridge construction would begin towards the end of 2009, according to the speech of Premier Wen Jiabao at the annual session of the National People’s Congress early in March.

The bidding will decide which company is responsible for the construction design of the main body, ports in Hong Kong, Zhuhai and Macao and side-linkings in Hong Kong and Zhuhai, the bridge’s coordinative office mentioned.

The preparatory design and inquiry of the bridge’s main body started on March 13, according to a deal signed between the authorities from Hong Kong, Guangdong and Macao.

The security of the white Chinese dolphins in the Pearl River estuary was considered and the authorities reemphasized the protection of them during the construction.

Efficient measures to protect the sea environment near the estuary should be founded in any tendering reports, the office stressed.

Largest protection area for the white Chinese dolphins exists in the estuary.

Further more, as is said, since five shipping tunnels will be built under the bridge, tendering reports should also include transport safety related details.

The design should consider the lifestyle, which is set at 120 years, for the bridge, it said.

Thanks to the six-lane bridge, the drive between Hong Kong and Zhuhai will be cut down from about four hours to just half an hour.

According to Guangdong provincial government sources, in total, 18,200 freight vehicles and 1,177 passenger vehicles entered or left Hong Kong each day, while the figures for Macao were 883 and 354 respectively.

Necessary environmental and engineering studies for the bridge has been made by the Hong Kong government and an environmental effect evaluation will be done by mid-2009, said Wai Chi-sing, Hong Kong director of highways.

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Planes and ships flying across the Straits earlier could not finish the journey directly. They usually had to transfer at Hong Kong or Macao special administrative region (SARs).

Now the direct routes could make Hong Kong lose about HK$10 million, or 3.4% of its external trade, said Billy Wong, senior economist with the Hong Kong trade Development Council (HKTDC). But they don’t think the loss will be drastic in the short term.

About 70% of Taiwan-to-mainland cargo is destined for the electronics industry in the Pearl River Delta region and Hong Kong serves as a “consolidation center” for the firms transporting the cargo.

The SAR is a free port and will go on being the desirable transit point for many of these firms while it can also be a processing site.

The change of the direct routes will shock sectors related to aviation because based on the estimates of HKTDC, passenger numbers and cargo volume to-and-from Taiwan will drop by 5% and 20%.

According to the figures from Airport Authority of Hong Kong, about 5 million cross-Straits travelers used the SAR as a transit point last year — that’s about 11 percent of the total number of passengers who passed through the airport. The SAR handled 280,000 tons of cargo transshipments, too, which comprised about 7.4 percent of its throughput.

But people who will suffer the most may be bus operators carrying travelers between Hong Kong and Guangdong airports.

If the number of flights between Shenzhen and Taipei increases to 24 every week, these bus operators will lose jobs, said Chow Hing-wong, Hong Kong-Guangdong Boundary Crossing Bus Association secretary.

But Hong Kong could benefit form the booming business created by the direct links. Susie Chiang, chairwoman of Hong Kong-Taiwan Business Association said that the city’s strength in finance and legal services will attract Taiwan firms after an open policy framework is set up.

Hong Kong would be considered as a trading platform for Taiwan firms to tap the overseas market.

The SAR needed to strengthen its business links in fields like tourism with Taiwan, said Zhu Wenhui, research fellow with Hong Kong China Business Centre of Hong Kong Polytechnic University.

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A similar agreement, known as the Mainland and Macao Closer Economic Partnership Arrangement, was signed between the government of Macao SAR and the central government on October 18, 2003.

Both the two agreements took effect on January 1, 2004. Annual supplements to the agreements have also been signed between the central and Hong Kong governments.

With the aim to further open the mainland market to Hong Kong-based businesses, especially the service industry, the fifth supplement to CEPA in Hong Kong was signed on July 30 this year.

Owing to the excellent geographical advantages, Guangdong obtains significant benefits from the CEPA.

Based on recent statistics from a Guangdong industrial and commercial department, there have been more than 432,000 Hong Kong-invested enterprises in the province last February, which accounted for over 60% of its overseas invested companies.

More than a half of the province’s foreign investment capital, which was nearly $200 billion, came from Hong Kong.

Last year, 6,000 new companies from Hong Kong joined in the procession of investing in Guangdong, bringing their investment capital of more than $15 billion, while the number of Guangdong enterprises investing in Hong Kong was also increasing.

According to Hong Kong’s department of foreign trade, it is the destination of 40% of Guangdong’s overseas investment.

Many Guangdong enterprises, including TCL and Huawei, have been more competitive in the global market through the platform Hong Kong provided.

Economic cooperation in the region has lasted for 30 years since China began its reform and opening-up in 1970s. Chen Guanghan, an expert on Hong Kong and Macao at Guangzhou’s Sun Yat-sen University said that Guangdong and the Pearl River Delta seized the right opportunity to develop economic relationships with Hong Kong and Macao and archived a lot in economy.

The delta region has become the second home for many Hong Kong companies, especially those in labour-intensive manufacturing because of its offering low-priced land and labour.

Now the world market usually considers the PRD, Hong Kong and Macao as an ‘Golden Delta’, Chen said, after Hong Kong’s return to motherland and the implementation of CEPA, cooperation entered a new era.

Today Hong Kong and Guangdong are interdependent and indispensable to each other, he added.

An important result of the cooperation is that Hong Kong has become a global trading and logistic centre as Guangdong became a base of manufacturing.

Because of the opening of Guangdong, Hong Kong transferred most of its manufacturing enterprises to the province to focus on the development of service industry.

Even though the range of industries and development in Guangdong has been enlarged, the province will still focus on manufacturing, Chen said.

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It was also said that the gala dinner was a good opportunity to exchange business ideas during the global crisis.

According to Wang Nanjian, mayor of Jiangmen city, besides the agreement with the Chinese Manufacturers Association of Hong Kong in mid-November, similar agreements were signed with the Federation of Hong Kong Productivity Council during the gala for closer cooperation in trade and investment.

The city government will also sign agreements with Hong Kong General Chamber of Commerce and the Chinese General Chamber of Commerce, he added.

Both Jiangmen city and commercial organizations in Hong Kong will sponsor exhibitions, seminars and other business activities, Wang said, and the two sides will exchange latest trade and investment policies, market information and investment information with each other.

The gala party will bring meaning results for development of trade and economic cooperation between Hong Kong and the PRD region, especially for Jiangmen.

The city government of Jiangmen is planning to set up an industrial park exclusively for Hong Kong investors and sponsor a seminar on the development of advanced manufacturing industry in the PRD region in December, according to the mayor.

During the seventh dinner this year, John Tsang, financial secretary of Hong Kong SAR, haled the get-together and said that relations between Hong Kong and Jiangmen will definitely become closer.

Tsang called on Hong Kong businessmen to seize the good opportunity offered by the central and Hong Kong governments to expand business amid global recession.

Based on the official statistics, about 70% of the city’s total overseas capital is from Hong Kong’s investment which is over $8 billion. And there have been over 2,500 enterprises set up by Hong Kong investors in Jiangmen.

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Due to the global financial crisis, the province saw a decline of capital inflows from Hong Kong from January to October this year.

Yet investment in the tertiary industry rose in the past 10 months.

Based on the statistics released by the provincial economy and trade commission of Guangdong, 4,479 Hong Kong-invested projects was approved during the last 10 months in this province, which decreased 14.5% year-on-year.

Recently, a plan has been released to budget 2 billion yuan in the next two years to help Hong Kong and Macao-funded SMEs weather through the tough time.

Governor of Guangdong Province Huang Huahua said at the conference on the province’s SME development that Guangdong will adopt a series of measures to help the processing trade—especially those funded by Hong Kong and Macao investors—expand their businesses.

The budgets of 1 billion yuan for 2009 and 2010 will be used to subsidize processing trade enterprises to upgrade and relocate them in parks for industrial transformation while Hong Kong and Macao-funded enterprises will get priority, the governor added.

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This event is obviously attractive for all the visitors. They can easily navigate the vast resource of new lighting products because product zone in the Fair will show the emerging trends in the consumer market.

• Crystal Indulgence Zone focuses on crystal lighting and chandeliers

• Galaxy of Stars displays lighting for a sophisticated environment

• Green Lighting Zone is the place for energy-saving lighting products

• Holiday Favor Zone high-lights festive lighting, including Christmas decorations and lighting products as gifts

• Outdoor Lighting Section turns the spotlight on street lamps, garden lighting and other outdoor illuminations

• Parts and Accessories Pavilion focuses on lighting parts, accessories, fixtures and fittings

• World of Table Lamps showcases all kinds of table and desk lamps

In addition, the 2nd Hong Kong Lighting Design Competition will be complementary to the brilliant 2008 Lighting Fair. With the design theme “The Power of Light”, the competition fosters bright new talent for the industry.

Buyers will also get opportunities to network with international peers at social gatherings and to update their knowledge of trends and markets.

Concurrent events
The Hong Kong International Furniture Fair and the Hong Kong International Building and Decoration Materials and Hardware Fair are being staged alongside the lighting show at the Asia World-Expo. Visitors can source other related products from the other trade events.

A complimentary shuttle bus service will run between AsiaWorld-Expo, which locates next to Hong Kong International Airport, and Hong Kong Island, Kowloon and Tung Chung on Lantau Island, at regular intervals throughout each day of the shows. So it is easy for buyers to visit all three fairs.

Don’t miss this fabulous opportunity to source huge various products in one trip.

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