The International Maritime Centre: from Hong Kong to Belt & Road. September 2017

Transcription

1 The International Maritime Centre: from Hong Kong to Belt & Road September 2017

2 Table of Content SinoEnergy Capital Business Experience with Hong Kong Hong Kong the Ideal International Maritime Center Hong Kong in One Belt One Road Initiative 2

3 Who is SinoEnergy Capital? SinoEnergy, an HK-based investment company specialized in shipping & offshore Primary investment focus on financing through fixed-income type transactions Become a strategic financing partner with quality shipping and offshore companies Large capital deployment need with conservative investment philosophy Successfully raised equity and debt from International and Chinese institutional investors Ability to deploy funds swiftly and directly without additional approvals Senior partners with proven track records Collectively over years experience in shipping & offshore, sourcing, financing, structuring and exiting Fully operational team of investment professionals and back-office Preferred transactions with predictable future cash flow Target transaction size above US$250 million Interested in underwriting residual value risk Preferred tenor of 5-10 years 3

4 SinoEnergy Capital Jack Sun Title: Managing partner Role: Deal origination & investment management Experience: 18 yrs ship investments Co-founder Tiger Group FVP at DNB NOR American Marine Advisor Location: Hong Kong Rolf Wikborg Title: Partner Role: International deal origination & exits Experience: 30 yrs ship financing Co-founder AMA Capital Director DHT Holding Director Western Bulk AS Location: Oslo, Norway Dirk Simmons Title: Partner Role: Financing Experience: 18 yrs investment banking MD Industrials coverage Head of APAC shipping Structuring / execution Location: Hong Kong Alastair MacAulay Title: General counsel Role: Legal framework & structuring Experience: 30 yrs legal / maritime law Partner CliffordChance Head of CC shipping VC HK ship-owners Asso. Location: London, UK Hong Kong 4

5 Investment Framework Sectors Shipping Crude Oil & LNG Tanker Chemical, LPG & Product Tanker Car Carrier, Intermodal & Ferry Dry Bulk, Container Offshore Offshore Drilling Equipment Specialized Engineering Equipment Offshore Service Ships FPSO/FLNG/FSRU Products Principal Investment Operating/Financial Lease Junior/Mezzanine Convertible/Preferred Equity Advisory Arrangement of Capital Debt & Equity Financial Structuring Restructuring Advisory Distressed Asset Management 5

6 Doing Business in Hong Kong Tiger Group Investments SinoEnergy Capital Established in 1994 Tiger Group Investments is a private investment firm focused exclusively on making control investments in the maritime and energy industries Established in 2015 SinoEnergy is an investment company specialized in shipping & offshore focusing preliminary on financing through sale & lease-back transactions 6

7 Table of Content SinoEnergy Capital Business Experience with Hong Kong Hong Kong the Ideal International Maritime Center Hong Kong in One Belt One Road Initiative 7

8 Strategically Located for International Business Close to new shipping superpower Mainland China, Japan, etc. A maritime center for over 170 years and one of the world largest port Portal between Mainland China and the world 8

9 Policy and Government Support for Maritime Industry One Country Two Systems Pro-business environment Free market and transparency Fair tax scheme Relieve double taxation and other tax burdens for shipping companies Enjoy further reduction of withholding tax in Mainland China InvestHK 9

10 Easy Accessible Financial System Largest Offshore RMB Transaction Center 70% of offshore RMB trading volume 50% of offshore RMB cash pool (824 billion) Belt and Road Framework Asian Infrastructure Investment Bank membership since March 2017 Chinese financial institutions 32 Chinese banks opened branches Connection to Mainland China capital markets Full service financial system support Financial Solution Providers 150 full licensed banks 24,000+ financial institutions and insurance companies 220,000+ finance professionals International Asset Management Center USD 2.3 trillion AUM Full service Maritime Finance Shipping loan US$ 12.7 billion 2% of total bank loans Maritime finance banks e.g. HSH, Credit Agricole Source: Belt and Road Initiative (May 17) - The Government of HK. 10

11 One of the Largest Capital Markets Iconic Equity Market Active and Largest Bond Market Hong Kong is the 3 rd leading global financial center in the world after London and New York 2,034 listed Companies (as of 30 June 2017) $29 trillion total market capitalization (as of 30 June 2017) #1 Global IPO venue 2016, by funds raised Strong banking sector and active equity capital market Average daily turnover for the first eight months of 2017 was $80.3 billion (20% increase YOY) Largest offshore listing venue for Mainland Chinese issuers HK$5 trillion raised since first H-share in 1993 Active and liquid private-sector bond market Proceeds from debt securities listed on HKEx: HKD 775 billion Tapping into Mainland China bond market (World 3 rd largest) Increasing significance of offshore RMB bond issuances (Dim Sum bond) Mainland China Hong Kong Bond Connect No restrictions on foreign borrowers tapping the domestic debt market to finance their business Liquid and Largest FOREX Market 4 th largest globally, advanced one place per year for last years Sources: The Global Financial Centres Index 22 (Sept 17) - China Development Institute; HK Stock Exchange website; HK Legislative Council Secretariat. 11

12 Transparent Legal System 70+ international law firms 850+ local law firms 10,000+ licensed lawyers maritime project negotiation & structuring contract drafting & management due diligence litigation Common law system, regional center for maritime arbitration / dispute resolution 12

13 World-class Maritime Infrastructure Port of Hong Kong World s 5 th largest Connects 510 global destinations 40+ countries along the Belt and Road Ship Register World s fourth largest Registered vessels totaled 171 million DWT HK flag accounts for 9.3% of world s total Marine Insurance 86 authorized maritime insurance companies 8 out of the 13 International Group of P&I Clubs Ship brokerage World-renowned brokers e.g. Clarksons and Simpson Spence & Young Ship management companies Source: Maritime (Sep 15) - InvestHK. 13

14 Easy Recruitment and great Place to live Talent and Education Easy recruitment of skilled staff Competitive talent pool: Government set up a Maritime and Aviation Training Fund in 2013 Living Standard 70% of land is covered by greens, 40% of land is country parks Employment and Establishment in Hong Kong s Shipping Industry (2015)* Hong Kong country parks * Source: Key Statistics on Business Performance and Operating Characteristics of the Transportation, Storage and Courier Services Sector in 2015, Census and Statistics Department. 14

15 Table of Content SinoEnergy Capital Business Experience with Hong Kong Hong Kong the Ideal International Maritime Center Hong Kong in One Belt One Road Initiative 15

16 Hong Kong s Role along One Belt One Road Access to projects along Belt and Road High-end value-added maritime industry Regional transportation hub Help HK grow to a regional hub and develop high-end valueadded maritime transportation -- Jizhe Ning, Vice Chairman of the National Development and Reform Commission at the September 2017 Belt and Road Summit in HK At a Glance ~US$1.1 trillion for infrastructure 60-plus economies ~62% of world s population ~34% of world s merchandise trade ~31% of world s GDP 16

17 SinoEnergy Capital (HK) Jardine House, Suite Connaught Place, Central, Hong Kong Phone: info@secapital.hk Thank you