18 Aug 2017,
  • HSI:
    27,344.22 -64.85 (-0.24%)
    HSCI:
    10,801.42 -16.46 (-0.15%)
    HKSPLC25:
    35,107.87 -41.73 (-0.12%)
    HKSPGEM:
    266.36 0.19 (0.07%)
  • HSCEI:
    10,801.42 -16.46 (-0.15%)
    HSCCI:
    4,255.40 -9.85 (-0.23%)
    HSFML25:
    9,345.43 3.18 (0.03%)
    H-FIN:
    17,429.71 -24.97 (-0.14%)
  • Hang Seng Index
  • 27,344.22

  • -64.85 (-0.24%)
HSCI 10,801.4 -16.5
HKSPLC25 35,107.9 -41.7
HKSPGEM 266.4 0.2
HSCEI 10,801.4 -16.5
HSCCI 4,255.4 -9.9
HSFML25 9,345.4 3.2
H-FIN 17,429.7 -25.0
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Shenzhen Investment Ltd. (00604.HK)

Real Estate

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Company overview: Listed on the Hong Kong Stock Exchange in 1997, Shenzhen Investment Limited("Shenzhen Investment") is the largest listed property developer under Shenzhen SASAC (State-owned Assets Supervision and Administration Commission). With a clear focus in Shenzhen, and exposure in other core cities, we aim to be a top-tier property developer and investment operator.

Development Strategy: Shenzhen Investment implements a Shenzhen focus strategy to achieve sustainable quality growth. Based on our strength on urban redevelopment, we continue to attain valuable land resources in Shenzhen. We are making a strategic transformation from “Development-Sale” to “Development-Sale and Holding”, and strengthening the operations and services on our investment properties operation. We are committed to enhancing vigorous expertise at industrial, commercial and residential platform, and emphasize the development of the industrial property segment by integrating our resources. We will also start to study and explore into the promising logistic property segment and elderly property segment for longer term. We will optimize the capital structure to achieve stable growth.
Quality Resources: Shenzhen Investment has a total land reserve of 10 million square meters (in gross floor area "GFA") in 14 cities in China. Of which, over 2 million square meters (in GFA) of qualified land reserves and around 0.7 million square meters (in GFA) of investment properties are in Shenzhen. We will further integrate and optimize our resources, and improve our operational capacity to realize the value of quality properties in the core area of first-tier cities.

Three Platforms: Shenzhen Investment has gradually established three professional platforms including industrial real-estate, commercial real-estate and residential real-estate. Terra, our subsidiary, owns 50% of Tianan Cyber Park Ltd, which should be the No. 3 industrial park play in China. With accumulated experience of over 20 years in developing and operating vast technology park and logistic park, our industrial real-estate team is devoted to providing high quality and functionary industrial R&D buildings with supporting facilities and services to facilitate the growth of our clients. Our commercial real-estate platform has recruited internationalized commercial real-estate professional team with international perspective and management philosophy to develop top urban complexes, which comprise apartments, offices buildings, shopping malls and hotels. The residential real-estate team is committed to providing high-quality medium to high-end residential houses for our clients.

Healthy Financial Positions: Shenzhen Investment adheres to its consistent principle of maintaining healthy financial positions, enhancing capital management, striving to lower financing costs, improving capital turnover efficiency with a view towards solid financial resources for business development.

Shenzhen Investment will continue to deepen the strategic transformation, improving cost control and operation standards, accelerating the assets turnover, and strengthening the assets and liabilities and cash flow management so as to maximize the value for its shareholders.
+ More Company Profile

Dr. LU Hua - Executive Director

Dr. LU Hua, aged 53, an Executive Director since 21 June 2011 and the Chairman of the Board since 31 January 2013. Dr. LU was the President of the Company during the period from 21 June 2011 to 30 January 2013 and the Acting Chairman of the Board during the period from 24 April 2012 to 30 January 2013. He is also the chairman of the board of directors of Shum Yip Group Limited and Shum Yip Holdings Company Limited. Dr. LU is also a director of various members of the Group. Dr. LU holds a doctorate degree in Political Economics from The Nankai University and a master’s degree in Finance from The University of Reading in UK. Dr. LU held the position as the president of Shum Yip Group Limited and Shum Yip Holdings Company Limited from April 2009 to December 2012. Prior to this, Dr. LU served as the chairman of Shahe Industrial Co., Ltd. (000014.SZ) and Shenzhen Shahe Industry (Group) Co., Ltd. and the general manager of Shenzhen Property Development Company Ltd.. Dr. LU also served as a non-executive director of Ping An Insurance (Group) Company of China, Ltd. (2318.HK) and Road King Infrastructure Limited (1098.HK). At present, he is a director of Shenzhen SEZ Construction and Development Group Co., Ltd.. He has vast experience of over twenty years in property development, corporate governance and administrative management.

Mr. HUANG Wei - Executive Director

Mr. HUANG Wei, aged 46, an Executive Director and President since 21 July 2015. Mr. HUANG was an on-the-job graduate at Guangdong Academy of Social Sciences, where he graduated with a major in law. He holds a master’s degree in Business Administration from Guanghua School of Management, Peking University. Mr. HUANG is currently a director and president of Shum Yip Group Limited and Shum Yip Holdings Company Limited. He is also a director of various members of the Group. Prior to joining the Group, he served as a deputy secretary of the Party Working Committee, a deputy director of the Management Committee and a director of Social Work Committee of CPC Shenzhen Dapeng New District and served as a member of the Standing Committee, a director of District Committee (district government) Office and a district government party member of Longgang District and the Longgang District Youth League secretary. Mr. HUANG has extensive experience in management.

Mr. MOU Yong - Executive Director

Mr. MOU Yong, aged 54, an Executive Director since 1 December 2009. At present, he is also a director of Shum Yip Group Limited and Shum Yip Holdings Company Limited and its various subsidiaries. He graduated from The Shaanxi University of Technology with major in Chinese Language and Literature and obtained an advanced MBA from The Peking University. He is a lawyer of The People's Republic of China and an arbitrator of The Shenzhen Arbitration Commission. Prior to joining the Group in 2009, he held the positions of the head of Enterprise Leadership Personnel Management and the chief of General Office at The Shenzhen Municipal People's Government State-owned Assets Supervision and Administration Commission. At present, Mr. MOU is also a non-executive director of Road King Infrastructure Limited (1098.HK). Mr. MOU has extensive experience in corporate governance and administrative management.

Mr. LIU Chong - Executive Director

Mr. LIU Chong, aged 57, an Executive Director since 30 December 2010 and a Vice President of the Company since April 2010. Mr. LIU is also a vice president of Shum Yip Group Limited and Shum Yip Holdings Company Limited and a director of Shum Yip Shahe (Group) Company Limited. He holds a bachelor’s degree and postgraduate qualification from The Jiangxi University of Finance and Economics with major in Accounting and he is a senior accountant. Mr. LIU is also a director of various members of the Group. Prior to joining the Group, he used to serve successively as a deputy general manager and financial controller of Shenzhen SDG Company Limited (深圳市特發集團有限公司), a director and financial controller of Shenzhen Petrochemical Group Co., Ltd., a director and financial controller of Shenzhen Health Mineral Water Co., Ltd., a director of Shenzhen Tellus (Group) Company Limited (200025.SZ), and was an independent director of Shenzhen Shenxin Taifeng Group Co., Ltd. (000034.SZ) during the period from May 2009 to February 2014. At present, Mr. LIU is also a non-executive director of Ping An Insurance (Group) Company of China, Ltd. (2318.HK). Mr. LIU has over 30 years of experience in finance and accounting management.

Dr. WU Jiesi - Non-executive Director

Dr. WU Jiesi, aged 65, a Non-executive Director since 11 May 2006. Dr. WU holds a doctorate degree in Economics and conducted post-doctorate research work in theoretical economics at The Nankai University in the PRC and was conferred a professorship qualification by The Nankai University in 2001. Dr. WU served in various positions in Industrial and Commercial Bank of China from 1984 to 1995 and served as the president of the Shenzhen Branch. From 1995 to 1998, he served as the deputy mayor of the Shenzhen Municipal Government. From 1998 to 2000, he served as the assistant to the Governor of Guangdong Province.

Dr. WU served as the chairman and honorary president of Guangdong Investment Limited (270.HK), the director and honorary president of Guangdong Tannery Limited (1058.HK), an executive director of Hopson Development Holdings Limited (754.HK), an independent non-executive director of Yingli Green Energy Holding Company Limited (NYSE:YGE) and China Merchants Bank Co., Ltd (3968.HK), respectively, a non-executive director of China Water Affairs Group Limited (855. HK), an executive director, a non-executive director and vice chairman of China Aoyuan Property Group Limited (3883.HK), and an independent director of China Merchants Securities Co., Ltd. (600999.SH). At present, Dr. WU is a non-executive director of Silver Base Group Holdings Limited (886.HK), an independent director of China Life Franklin Asset Management Co., Ltd, and an independent non-executive director of China Taiping Insurance Holdings Company Limited (966.HK), Beijing Enterprises Holdings Limited (392.HK), Industrial and Commercial Bank of China (Asia) Limited and China CITIC Bank International Limited respectively. Dr. WU has rich experience in finance and corporate management.

Mr. LIU Shichao - Non-executive Director

Mr. LIU Shichao, aged 45, a Non-executive Director since 18 January 2017. He is a director and the chief financial officer of Shum Yip Group Limited and a director of Shum Yip Holdings Company Limited. He graduated from Zhongnan University of Finance and Economics (now known as Zhongnan University of Economics and Law) majoring in accountancy. He holds a bachelor’s degree in economics and the title of senior accountant. Mr. LIU was the deputy head of statistics and assessment (budget finance) department and the deputy head of the second division of enterprise department of the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People’s Government. Mr. LIU was a director and the chief financial officer of Shenzhen Energy Group Co. Ltd. (000027.SZ). He is currently also a director of Shahe Industrial Co., Ltd (000014.SZ), a director of Kashi City Shenzhen Investment and Development Co., Ltd. (喀什市深圳城投資發展有限公司), a director of Shenzhen United Assets and Equity Exchange Co., Ltd. (深圳市聯合產權交易所股份有限公司) and a director of China Resources SZITIC Investment Co. Ltd. (華潤深國投投資有限公司). Mr. LIU has considerable working experience in financial management and financial auditing.

Mr. WU Wai Chung - Independent Non-executive Director

Mr. WU Wai Chung, Michael, aged 67, an Independent Non-executive Director since 9 October 2002. He was formerly the deputy chairman of the Shanghai Stock Exchange and a commissioner in the Strategy & Development Committee of the China Securities Regulatory Commission. Prior to that, he was the deputy chairman, chief operating officer and executive director and responsible for the Intermediaries Division, comprising the Licensing and Intermediaries Supervision Departments of the Securities and Futures Commission until 31 December 1997. In addition, Mr. WU also served as an independent non-executive director of Sunwah Kingsway Capital Holdings Limited (188.HK), an independent non-executive director and chairman of Cypress Jade Agricultural Holdings Limited (renamed as China Finance Investment Holdings Ltd.) (875.HK) and an executive director of Tradelink Electronic Commerce Ltd. (536.HK).

Mr. LI Wai Keung - Independent Non-Executive Director

Mr. LI Wai Keung, aged 60, an Independent Non-executive Director since 27 September 2004. Mr. LI graduated from The Hong Kong Polytechnic and holds a master’s degree in Business Administration from The University of East Asia. He is a fellow member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. Mr. LI had worked for Henderson Land Development Company Limited (12.HK). He was also an independent non-executive director of Sun Century Group Limited (1383.HK). Mr. LI is currently a non-executive director of Guangdong Investment Limited (270.HK) and an executive director and financial controller of GDH Limited, an executive director of Guangdong Land Holdings Limited (formerly known as Kingway Brewery Holdings Limited) (124.HK), an independent non-executive director of Hans Energy Company Limited (554.HK) and China South City Holdings Limited (1668.HK), and a director of Shenzhen City Airport (Group) Company Limited (000089.SZ). In addition, he is appointed as the chairman of the Council of the Hong Kong Chinese Orchestra Limited on 26 October 2015, and he is also a management accounting advisor of the Ministry of Finance, PRC, the vice chairman of the Financial and Accounting Affairs Steering Committee of the Hong Kong Chinese Enterprises Association, and the president of Hong Kong Business Accountants Association Limited.

Dr. WONG Yau Kar David, BBS, JP - Independent Non-Executive Director

Dr. WONG Yau Kar, David GBS, JP, aged 59, an Independent Non-executive Director since 13 June 2013. Dr. WONG received a doctorate degree in Economics from the University of Chicago in 1987. Dr. WONG has extensive experience in manufacturing, direct investment and international trade. Dr. WONG is active in public service. He is a Hong Kong deputy of the 12th National People’s Congress of the People’s Republic of China (第十二屆全國人民代表大會). He is also the chairman of the Land and Development Advisory Committee, the Mandatory Provident Fund Schemes Authority and the Protection of Wages on Insolvency Fund Board. Dr. WONG was appointed as a Justice of Peace (JP) in 2010 and was awarded a Bronze Bauhinia Star (BBS) and Gold Bauhinia Star (GBS) in 2012 and 2017 respectively for his valuable contribution to the society.

Dr. WONG is currently an independent non-executive director of Huayi Tencent Entertainment Company Limited (formerly known as China Jiuhao Health Industry Corporation Limited) (419.HK), Concord New Energy Group Limited (formerly known as China Windpower Group Limited) (182.HK), Redco Properties Group Limited (1622. HK), Yunfeng Financial Group Limited (formerly known as Reorient Group Limited) (376.HK), and Sinopec Kantons Holdings Limited (934.HK), which are listed on the Main Board of the Stock Exchange.

Mr. WANG Minyuan -

Mr. WANG Minyuan, aged 57, engineer, is currently a Vice President of the Company and Shum Yip Group Limited. Mr. WANG joined the Group in August 2012. Prior to this, Mr. WANG had served successively as a deputy general manager of Shenzhen Metro Group Co., Ltd. and Shenzhen Expressway Co., Ltd. He holds a bachelor’s degree in Civil Engineering from The Zhejiang University. He has over thirty years of extensive experience in engineering design and construction and corporate management.

Mr. LIANG Kaiping -

Mr. LIANG Kaiping, aged 58, is currently a Vice President of the Company, Shum Yip Group Ltd. and Shum Yip Holdings Co., Ltd.. He graduated from The Wuhan University, holding a master’s degree in history. He joined the Group since 2000. Prior to this, he was the director and president of Shenzhen Futian Investment and Development Co., a general manager of Shenzhen Futian Real Estate Development Co., Ltd., and an associate supervisor of Office of Futian District Committee of Shenzhen. Mr. LIANG has over thirty years of experience in corporate management.

Mr. DONG Fang -

Mr. DONG Fang, aged 44, is currently a Vice President of the Company, Shum Yip Group Limited and Shum Yip Holdings Company Limited. He graduated from The Hunan University with a master’s degree and a senior engineer qualification. He joined the Group since 2006 and served as a general manager of the real estate department and investment department of the Company, and a deputy general manager of Huizhou Canton River Expressway Co., Ltd.. Prior to this, he used to work in the Transport Commission of Shenzhen Municipality. Mr. DONG is currently the non-executive director of Road King Infrastructure Limited (1098. HK). He has extensive experience in corporate management, property investment and operation management.

Dr. Dai Jingming -

Dr. DAI Jingming, aged 52, is currently the General Manager of Planning and Finance Department of the Company and Shum Yip Group Ltd.. Dr. DAI graduated from The Faculty of Agricultural Mechanical Engineering of China Huazhong Agricultural University with a bachelor of engineering degree in 1986 and from The Zhongnan University of Economics and Law with a master degree in economics in 1992. He also obtained his Ph.D. degree in economics from The China Ministry of Finance Institute of Fiscal Science in 1998. He is currently an accountant. Dr. DAI joined the Group since 1998 and held a position as general manager of administrative office department, audit department and risk management department respectively. Prior to this, he used to work in Hubei Province Agricultural Engineering Head Limited and Wuhan City Branch of the Agricultural Bank of China. Dr. DAI is currently a non-executive director of Coastal Greenland Limited (1124.HK). Dr. DAI possesses extensive professional knowledge and experience in corporate finance, investment and financing management.

Mr. LU Jiqiang -

Mr. LU Jiqiang, aged 46, is currently the General Manager of the Board Secretariat and Chief Legal Officer of the Group. He holds a master’s degree of Civil and Commercial Law from Law School of The Peking University. Presently, he is a PRC Lawyer and arbitrator of China International Economic and Trade Arbitration Commission (CIETAC), Shenzhen Court of International Arbitration, and Shanghai International Economic and Trade Arbitration Commission. He joined the Group since 2003. Prior to this, he worked in China Merchants Group. Mr. LU is currently a non-executive director of Coastal Greenland Limited (1124.HK). Mr. LU has extensive experience in corporate operation management, law affairs, compliance and risk management control.

Mr. ZHU Guoqiang -

Mr. ZHU Guoqiang, aged 43, is currently the General Manager of Capital Market Department of the Company. He obtained a master’s degree in Business Administration from The Hong Kong University of Science & Technology. He joined the Group since 2004, and held positions as general manager of investment department and strategic management department of the Company. Prior to this, he worked in Shenzhen Construction Investment Holdings Ltd.. Mr. ZHU is familiar with the real estate market and property development process and has maintained good communication with investors.

+ More Board of Directors

The Company is committed to achieving and maintaining the highest standard of corporate governance. The Directors strongly believe that good corporate governance is an essential element in steering the development of the business of the Group.

The Board and its management understand that it is their responsibility to establish a good corporate management system and practice and strictly comply with the principles of independence, accountability, responsibility and impartiality so as to improve the operation transparency of the Company, protect the interest of shareholders and create values for shareholders.

 
Board of Directors

Under the leadership of the Chairman, the Board is responsible for formulating overall strategies and policies of the Company, supervising and evaluating business and financial performance of the Company. Through the establishment of appropriate risk control policies and procedures, the Board ensures the efficiency and effectiveness of the Company’s operations by establishing a comprehensive corporate governance framework and aiming to enhance long-term shareholders’ value.

Formal Board Committees established by the Board include the Audit Committee, Nomination Committee and Remuneration Committee. They assist the Board to discharge its duties while the responsibilities of the day-to-day operations and business strategic management are delegated to the executive directors and senior management. However, certain responsibilities remain to the decision of the Board, such as corporate restructuring, mergers and acquisitions, major investments, material acquisitions and disposals of assets, major corporate policies on key area of operations, the release of the Group’s interim and annual results, connected transactions, declaration of interim dividends and proposal of final dividends.

 
List of Directors and their Role and Function
 
Board Diversity Policy
 
Whistleblowing Policy
 
Audit Committee

The Board has adopted new terms of reference for the Audit Committee on 27 March 2012.

The new terms of reference of the Audit Committee include (but not limited to) the recommendation of the appointment of external auditors, supervision of internal audit and oversight of the integrity of financial information and its disclosure, monitor internal control system of the Company and ensure the functions of internal audit and external audit are adequately resourced.

 
Remuneration Committee

The Board has adopted new terms of reference for the Remuneration Committee on 27 March 2012.

The Company has adopted the model whereby the Remuneration Committee is responsible for the remuneration packages of individual executive director and senior management and for the remuneration matters of non-executive directors, the setting up of adequate and transparent procedures for developing the remuneration policies and making recommendations to the Board. The Remuneration Committee shall consider factors such as time commitment and responsibilities of directors, employment conditions of other positions within the Group and whether their remuneration are performance-based.

 
Nomination Committee

The Board has established a Nomination Committee on 27 March 2012.

The Nomination Committee is authorised by the Board to determine the policy for the nomination of directors, to set out the nomination procedures and criteria adopted to select and recommend candidates for directorship. The Nomination Committee is also responsible for reviewing the structure, size and composition of the Board and assessing the independence of the independent non-executive directors.

 

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COMPANY INFORMATION

Listed Date 07 Mar 1997

Address 8/F, New East Ocean Center,
9 Science Museum Road, TST,
Kowloon, Hong Kong

Telephone (852) 2723-8113

Facsimile (852) 2311-2539

Email zhouq@shumyip.com.hk

No. of Click Rate

93781