Stimulating Investment in Large-Scale Chinese
Infrastructure Projects by International Capital Markets
BEIJING, March 5, 2018: The innovative revenue royalties financial system was recently introduced to capital markets in China at events in Beijing and Tianjin. A press conference and seminar, led by well-known Wall St. financial advisor Arthur Lipper, were co-sponsored by Asia-Pacific Group and the Tianjin Financial Assets Exchange.
Revenue royalties are performance-based capital, which pays investors a simple percentage of gross revenues without incurring equity dilution or debt.
Examples of large infrastructure projects that may benefit from this new approach to financing include the next generation of bridges, tunnels, ports, hospitals, roads, bullet trains, pipelines, agriculture technology, housing, water conservation, satellites, power transmission, wireless data, renewable energy generation, recycling, cultural and sports facilities. These public-private partnerships (PPP) projects will serve 1.3 billion people in China, and the businesses and governments that serve them, each day.
Discussions are under way to establish the regulatory framework needed to support PPP financing using revenue royalties in China. Immediate financing of a pilot group of highly-qualified projects, and opening up investment in Chinese infrastructure to international financial markets, are being considered.
A detailed announcement about the people and participating institutions involved is available on the web in both English and Chinese:
http://www.asiapacificgroup.us/zh-hans/royalties-seminar-17/
http://www.asiapacificgroup.us/royalties-seminar-17/
Liu Meiyan, CITIC Trust
Leading off the press conference in Tianjin was Liu Meiyan, vice president of Business Department of CITIC Trust, one of China’s largest trust companies. She said, “Today we are introducing the concept of royalties in China, in order to promote PPP projects, and to make China’s capital markets more vibrant.”
Video: http://www.asiapacificgroup.us/royalties-seminar-17/tianjin-ppp-royalties-press/liu-meiyan/
Speaking on behalf of Tianjin Financial Assets Exchange was vice-president Dai Bing, who said, “Royalties are a direct financing tool, with low cost and long duration, which can ensure immediate returns through revenue sharing. This will help attract more international investors to participate in China’s new development.”
Video: http://www.asiapacificgroup.us/royalties-seminar-17/tianjin-ppp-royalties-press/dai-bing/
Arthur Lipper, now based in San Diego, set the stage for three days of intensive activities with a group of Chinese financial professionals. He said, “The concept of royalties is thousands of years old — whereas the concept of incorporation and securities is only three or four hundred years old… There is great opportunity in China for community-guaranteed royalty income funds.”
Arthur Lipper
Video: http://www.asiapacificgroup.us/royalties-seminar-17/tianjin-ppp-royalties-press/arthur-lipper/
The managing partner of Asia-Pacific Group (Beijing, Honolulu, Seattle), is Michael North. He noted, “Our goal is to build a revenue royalties ecosystem in China that is ultimately simple to understand and access — a powerful way to attract new sources of capital.”
Video: http://www.asiapacificgroup.us/royalties-seminar-17/tianjin-ppp-royalties-press/michael-north/
At the conclusion of the press conference, two new partnerships were announced, between Tianjin Financial Assets Exchange and Asia-Pacific Group. They are China PPP Royalties Fund Committee, charged with conducting multidisciplinary research into the implementation and extension of the system in China; and China PPP Royalties Research Center, charged with implementing the research in global financial markets, by offering diversified funds of PPP project offerings.
For more information, contact:
Liu Meiyan, Vice President of Business Department, CITIC Trust: liumy@citictrust.com.cn or
Michael North, Partner, Asia-Pacific Group
michaelnorth@asiapacificgroup.us.
A selection of videos, analysis and news is available at http://www.asiapacificgroup.us
及时发布
特许收益权引入中国
吸引国际资本市场投资中国大型
基础设施建设项目
北京，2018年3月8日：在北京和天津两地举办的活动中，特许收益权金融系统——这一创新型的融资方式引入到中国资本市场。由华尔街著名金融顾问亚瑟·利普主讲，亚太集团和天津金融资产交易所联合主办的新闻发布会和研讨会成功举办。
特许收益权是绩效资本，即在不产生股权稀释或债务的情况下，向投资者支付总收入的特定百分比。
这一新型的融资方式可使以下大型基础设施建设项目受益：建设下一代桥梁，隧道，港口，医院，公路，高铁，管道，农业技术，住房，水利，卫星，电力传输，无线数据，可再生能源发电，回收利用，文化和体育设施。这些政府和社会资本合作项目（PPP）将服务13亿中国人以及为民服务的企业和政府。
在中国建立特许收益权与政府和社会资本合作项目所需的监管框架正在讨论中。同时，关于是否立即投资一批高度符合要求的项目进行试点，以及正在考虑是否向国际金融市场开放中国的基础设施建设领域以此吸引投资。
参与此项目的人员和机构可见官网发布的详细公告（含中英两版）：
http://www.asiapacificgroup.us/zh-hans/royalties-seminar-17/
http://www.asiapacificgroup.us/royalties-seminar-17/
Liu Meiyan, CITIC Trust
在天津召开的新闻发布中，中国最大信托公司之一，中信信托业务部副总裁刘美燕主持开场。她说：“今天我们在中国引入特许收益权，目的就是推动政府和社会资本合作项目的发展，使中国的资本市场更具活力。”
Liu Meiyan, CITIC Trust发布会视频： http://www.asiapacificgroup.us/royalties-seminar-17/tianjin-ppp-royalties-press/liu-meiyan/
天津金融资产交易所的代表，副总裁戴兵说：“特许收益权是一种直接融资的工具，它具有成本低，期限长的特点，可以通过收入分享确保即时获得回报。这些优势将吸引更多的国际投资者参与到中国的新发展中。”
视频链接： http://www.asiapacificgroup.us/royalties-seminar-17/tianjin-ppp-royalties-press/dai-bing/
阿瑟·利普居于圣地亚哥，最近他与一群中国金融专业人士进行了为期三天的密集活动。他说：“特许收益权的概念已有数千年的历史，而公司和证券的概念只有三四百年的历史……特许收益权收入基金有机构担保，在中国的发展机会非常大。”
视频链接:
http://www.asiapacificgroup.us/royalties-seminar-17/tianjin-ppp-royalties-press/arthur-lipper/
Arthur Lipper
亚太集团（北京，檀香山，西雅图）的管理合伙人麦克·诺斯指出：“我们的目标是在中国建立一个简单易懂并且易于操作的特许收益权生态系统，这一系统是吸引资本新来源的有力方法。”
Arthur Lipper视频链接：http://www.asiapacificgroup.us/royalties-seminar-17/tianjin-ppp-royalties-press/michael-north/
在新闻发布会结束之前，天津金融资产交易所和亚太集团宣布了两个新机构的成立：其一是中国PPP特许收益权基金委员会（筹），负责对该系统在中国的实施和推广进行跨学科研究；其二是中国PPP特许收益权研究中心，负责向政府和社会资本合作项目提供多元化资金，并以此进行全球金融市场的研究。
更多信息请联系：
中信信托业务部副总裁刘美燕liumy@citictrust.com.cn
亚太集团合伙人麦克·诺斯michaelnorth@asiapacificgroup.us.
有关特许收益权的一系列视频，分析以及新闻详情可见http://www.asiapacificgroup.us
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