00670
(1) (2)
I II
2020 11 18
9 30 212 21 AB
2020 9 29 2020 9 30
(http://www.hkexnews.hk) (http://www.ceair.com)
24 183 17M
2020 10 30
......................................................................... 1
................................................................... 5
.......................................................... 37
I ............................................................ 39
II ........................................................... 61
............................................................ 83
—i—
2020 8 28
H A
—1—
55%
(i)
I (ii)
II 2020 11 18 9 30
2020 9 29
2019 8 30
2019
8 30 2019 9 30
I
II
—2—
I 1
6
(i)
I
(ii) 14A.52
II 1
6
(i)
(ii)
II
2020 10 23
2018 3 1
2018 3 1 2018 3 13
2018 3 1
2018 3 1 2018
3 13
—3—
(i) (ii)
I
2021 2022 2023 12 31
II
2020 2021 2022 12 31
571
%
—4—
00670
66
36
A2 5
95
19 D
183
17 1712–1716
(1)
(2)
A.
2020 8 28 2020 9 29 (i)
(ii)
—5—
(i) I
(ii) I
I
(iii) II
(iv) II
II
(v) (i)
I (ii)
II
B.
1.
2019 8 30 2019 9 30
2020 2021 2022 12 31
2020 8 28
—6—
2021 2022 2023 12 31 I
2.
2020 8 28
(i)
(ii)
(1)
(2)
—7—
(i)
(ii)
(iii)
(iv)
(i)
(ii)
—8—
2021 1 1 2023 12 31
2021 1 1
14A.52
I
I
(i)
(ii)
—9—
12 31
(90)
— 10 —
3. I
2018 2019 12 31 2020 6 30
1,316,657,000 1,471,415,000 258,454,000
2020 6 30
9,012,000
I
(1)
2020 2021 2022 12 31
2019 12 31
2020 12 31 2021 12 31 2022 12 31
2,000,000 2,300,000 2,600,000
80,000 90,000 100,000
— 11 —
(2)
2021 2022 2023 12 31
I
2021 12 31 2022 12 31 2023 12 31
4,310,000 4,840,000 5,430,000
8,000 8,000 8,000
190,000 190,000 190,000
90,000 100,000 110,000
I (i)
(ii) 2021
1 1 (iii)
2019 8 30
2021 1 1 2021 1
1
2021 2022 2023 12 31
I
(i)
— 12 —
(ii)
(iii)
2021 2022 2023 12 31
4,310,000,000
4,840,000,000 5,430,000,000
2021 2022 2023 12 31
I
2021 2022 2023 12 31
8,000,000 8,000,000 8,000,000
16
2021 2022 2023 12 31
190,000,000
190,000,000 190,000,000 (i) 2021
112.5
(ii)
32.7 30
(iii) (i) (ii) 25%
5% 8.5
— 13 —
2021 2022 2023 12 31
I
2021 2022 2023 12 31
90,000,000 100,000,000 110,000,000
4.
(i)
(ii)
— 14 —
(iii)
5.
(1)
55%
5%
14A
0.1% 5% 14A
— 15 —
(2) I
14A.52
I
14A.52
(i)
(ii)
(iii)
(iv)
(v)
(vi)
— 16 —
C.
1.
2016 100%
2018
2018 4
2018 3 1 2018 3 13
1.
2020
— 17 —
2.
— 18 —
3.
2.
2020 9 29
2020 1 1 2032 12 31
14A
14A
14A.52 II
II
II
5.
2.
— 19 —
(i)
(ii)
(iii)
(iv)
— 20 —
= 1–
(1)
(2)
— 21 —
= 1–
= +
–
50%
a)
b)
— 22 —
c)
— 23 —
(1)
(2)
= 1–
= 1 +
— 24 —
a)
b)
= 1+
— 25 —
(1)
(2)
(i) (ii)
— 26 —
2020
2020 1
1
— 27 —
2018
3 13
3. II
2018 2020
2020 2020
2018 12 31 2019 12 31 12 31 6 30
3,000,000 2,795,270 4,000,000 3,825,804 4,500,000 2,614,865
265,000 245,885 353,000 310,273 400,000 188,296
(i) 2020 6 30
(ii) 2020 6 30
5%
2020 1 1
2020 1 1
— 28 —
2020 2021 2022 12 31
2020
2021 2022 12 31
II
2020 2021 2022 12
31
2020 12 31 2021 12 31 2022 12 31
4,900,000 5,000,000 5,200,000
2020 2021 2022 12 31
II
(1) (a) 2018 4 1 12 31 2019 12 31
(b)
2020 2021 2022 12 31
— 29 —
(2) (a) 2024
2019 2020
2021 2022 12 31
(b) 2020
2021 2022 12 31
2020 2021 2022
12 31
(3) (a)
(b)
(a)
(b) 2020
2021 2022 12 31
4.
( )
2020
— 30 —
( )
50%
50%
5.
1.
14A
II
5%
II
— 31 —
II
2.
14A.52
II II
II
II II
(1)
(2)
(3)
— 32 —
D.
(1)
(i)
(ii) (iii)
(iv) (v)
(2)
(3) II
(4) 14A.56
3000
740
— 33 —
E.
(1)
(2)
(3)
55% 45%
(4)
F.
2020 11 18
(i) I (ii)
II
(i)
I (ii) II
1 6
(i)
I (ii)
14A.52
— 34 —
1 6
(a) (b)
II
14A.36
2020 9 29
2020
G.
5,530,240,000 A 2,626,240,000
H 49.80%
(i) I (ii)
II
(i)
(ii)
(iii)
H.
37 38
39 60 61 82 I
II
(i) I (ii)
II
— 35 —
(i) (ii)
(i)
I (ii)
II
I.
— 36 —
00670
(1)
(2)
2020 10 30
(i)
I
(ii) II
(a) 5 36
(b) 39 82 I II
(c)
I
I I
— 37 —
II II II
(i)
I (ii)
II
2020 10 30
— 38 —
I
I
19–20
18
I
I 2020 10 30
2020 8 28
(i)
(ii)
55%
14A
— 39 —
I
5%
14A
0.1% 5%
14A
I
(i)
(ii)
I (iii)
I
13.84
— 40 —
I
(i)
(ii)
(iii) 2019 12 31 2019
(iv) 2020 6 30
(v)
I
— 41 —
I
I
1.
2.
55% 45%
2020 3 31
2018
18% 85%
3.
2020 8 28
2019 8
30 19 23 2019 9 30
(i)
— 42 —
I
(ii)
2021 1 1 2023 12 31
2021 1 1
(a)
(1)
— 43 —
I
(2)
(b)
4.
(i)
(ii)
(iii)
— 44 —
I
2019
— 45 —
I
15
— 46 —
I
5.
2018 2019 60%
1
90,000 82,951
80,000 77,151
69,460
運輸總周轉量（百萬噸公里）
70,000
62,193
60,000 55,904
50,000
40,000
30,000
20,000
10,000
0
2015年 2016年 2017年 2018年 2019年
2015 55,904
2019 82,951 10.37%
2
1,200,000
1,062,490
1,014,250
1,000,000
人民幣元（百萬）
800,000 746,060
639,300
606,250
600,000
400,000
200,000
0
2015年 2016年 2017年 2018年 2019年
2015 606,250 2019
1,062,490 15.06%
— 47 —
I
3
245
240 238
235
235
229
230
機場數量 225
220 218
215
210
210
205
200
195
2015年 2016年 2017年 2018年 2019年
2015 210 2019 238
3.18% 2019 11
2035 450 2020 2035
2020
10% 8%
2020 7 24
13,059
80% 127 70%
30%
— 48 —
I
4 2019 = 100
130
國內收入客公里
120
110 國際收入客公里
2019年指數等於100
100
90
80
70
60
50
40
2016年 2017年 2018年 2019年 2020年 2021年 2022年 2023年 2024年
2020 4 Tourism Economics Air Passenger Forecasts
2016 2019 2020
2020 2024
2024 2019
2020
3 27 2018 2038
20 5.3% 3.8%
20
2015 2035
2024
2020
— 49 —
I
6.
6.1
(a)
11 (i)
(ii)
11
4
12 31
(90)
— 50 —
I
(b)
(i)
(ii)
— 51 —
I
6.2 I
2021 2022 2023
I
I
2021 2022 2023
4,310,000 4,840,000 5,430,000
190,000 190,000 190,000
I
(a)
I
(i)
(ii)
(iii)
— 52 —
I
(b)
2021 2022 2023
I
16 16
6.3 I
(A)
(i)
(i)
(ii)
2018 2019 2020
2018 2019 2020
1,316,657 1,471,415 258,454
1,650,000 1,900,000 2,000,000
79.8% 77.4% 12.9%
2018 2019
75% 2020
13% 2020
5.
— 53 —
I
2021 2022 2023
2018 2019 2020
1,316,657 1,471,415 258,454
1,330,120 1,391,840 270,510
2,646,777 2,863,255 528,964
59,868 56,441 16,917
548,406 547,573 91,932
608,274 604,014 108,849
3,255,051 3,467,269 637,813
(ii) I
2020 2021 2022 2023
2,000,000 2,300,000 2,600,000
4,310,000 4,840,000 5,430,000
3,430,000 3,900,000 4,430,000
880,000 940,000 1,000,000
— 54 —
I
(i)
(ii) 2021
(iii)
2019 8 30
2021
2021 1
1
2018 2019 11.8%
15%
15% (i)
2019
2 2020
3 2
(ii) (iii)
2017 2019
7.1% 10
— 55 —
I
(i) (ii)
(iii)
15.0% 2016 2019
7.51% 9.37%
15%
2021
2018 2019
1,330 1,392
12%
4.7% 5.
12%
2018 2019
608 604
6.5% 2021 880
6.5% (i) (ii) (iii)
2019 2018 121.2 7.5%
2019 130.3 2019 6.1%
2019 12 31 734
2017
2019 7.1% IMF
2019 2.9% 2016 2018
1.6% 2.1% IMF 2020 2021 3.0%
2.6% 6.5%
— 56 —
I
(B)
2023 12 31
12 31
2021 2022 2023
190,000 190,000 190,000
16 2019 1 1
2021 2022 2023
16
2023 12 31
181.5 (i) 2021
112.5 (ii)
32.7 30
2021 2050 (iii) (i) (ii)
25%
5%
8.5
— 57 —
I
2023 12 31
2022 12 31
112.5
36%
(i)
(ii)
(i) (ii) (iii)
(iv) (v) (vi) (vii)
(viii) (ix) (i)
(ii) (iii)
(iv) (v)
(vi) (vii)
(viii) (ix)
3 15
30
4.1%
(AAA) (30)
16
(a) (b)
(c)
(d)
— 58 —
I
7.
(1)
(i)
(ii)
(iii) (iv)
(v)
(2)
(3) 14A.56
3000
740
2019 12 31 2020 6 30 2018
12 31 2019 12 31
— 59 —
I
(i) (ii)
14A.56
(iii)
(i)
(ii)
(iii) I
(iv)
(v)
I
I
2020 10 30
1
6
20
— 60 —
II
2020 10 30
II
14A
88
8 801–805
II
2020 10 30
2020 9 29
2018 3 13 2018 2018
3 1
14A
II 5%
II
— 61 —
II
II
1. II
— 62 —
II
2016 11 29 100%
2017 2 8
2016
12 19
2018
2020
2020 6 30
2020 2020 25,159
57.26%
22,962 58.49% 2,197 37.87%
(i)
(ii)
(iii)
— 63 —
II
2018 2019 2020
2017 2017 2018 2018
2019 12 31 2019 2019 6 30 2019
2020 6 30 2020
12 31 6 30
2017 2018 2019 2019 2020
1
95,187 107,936 114,242 55,323 22,962
91,564 104,309 110,416 53,581 20,347
3,623 3,627 3,826 1,742 2,615
2,165 2,173 878 897 9
1,323 1,005 1,180 518 448
69
2 3,692 4,096 4,496 2,041 1,623
102,436 115,210 120,796 58,779 25,042
39 68 190 80 117
102,475 115,278 120,986 58,859 25,159
1. 2018 2019 2019
2. (i) (ii) (iii)
(i) 2017 2018 2019
2017 2018
2019 92.9% 93.6% 94.4% 2017
95,187 2018 107,936
2019 114,242
— 64 —
II
(ii) 2019 2020
2019 55,323 2020 22,962
58.5%
(iii) 2017 2018 2019 2020
3.5% 3.2% 3.2% 10.4%
IATA 2019
45 3.8%
3.4% 4.2%
2019
1293 2018 7.2%
7.5% 6.6% 7
7.9% 6.9% 16.6%
11,705 9.3%
8.0% 12.8%
2020 2
101 2020
2 25.2 2020 7 68.8
IATA 2020 6 IATA
2021 2020 2,410 61.4%
2024 2019
IATA 2019
1,024 2020 1,108
— 65 —
II
2018
2018
1998 2018
(i)
(ii)
(iii)
— 66 —
II
(iv)
2.
2018 4 1 2032 12 31 14
2020 1 1 2032 12 31
13 14A.52
— 67 —
II
(i)
(ii)
(iii) (a)
(b) (c)
(d)
(e)
(iv)
(v)
— 68 —
II
2019 10 30
(753)
2018 10 30
(753)
2017 1 3 (670)
2016 8 30
(753)
2016 8 30
— 69 —
II
(i) 603988 2017
11
(i)
(ii)
(ii) 600189
2015 8
(i) (ii)
(i) 2013 9
237
15
(ii)
— 70 —
II
=
1–
(i)
(ii)
— 71 —
II
(a)
=
1–
+
=
–
50%
(i)
(ii)
(iii)
— 72 —
II
= –
(i) (ii)
(i) 002589.SZ
2019 12 31
— 73 —
II
(ii) 603648.SH
002930.SZ
2020 12 30 2020 3 14
(b)
=
1–
=
1+
— 74 —
II
(i)
(ii)
= –
(i) (ii)
— 75 —
II
2020
2017 2018 2019
1
600029.SH 127,806 143,623 154,322
2
1055.HK 6,898 3,364 3,084
% 5.40 2.34 2.00
1
600115.SH 102,475 115,278 120,986
2
670.HK 6,810 2,930 3,480
% 6.65 2.54 2.88
1
601111.SH 121,363 136,774 136,181
2
753.HK 8,641 8,215 7,264
% 7.12 6.01 5.33
% 6.39 3.63 3.40
% 4.47
1.
2.
2020
4.47%
— 76 —
II
2020 1 1 2032
12 31
II
2018 2019 2020
2018 2019
2020 12 31
2020 2020
12 31 6 30
2018 12 31 2019 12 31
3,000,000 2,795,270 4,000,000 3,825,804 4,500,000 2,614,865
265,000 245,885 353,000 310,273 400,000 188,296
(i) 2020 6 30
(ii) 2020 6 30
5%
2020 1 1
2020 1 1
— 77 —
II
2020 2021 2022 12 31
2020 2021
2022 12 31
2020 2021 2022 12
31
2020 12 31 2021 12 31 2022 12 31
4,900,000 5,000,000 5,200,000
II
2020 2021 2022 12 31
II
(1) (a) 2018 4 1 12 31 2019 12 31
(b)
2020 2021 2022 12
31
— 78 —
II
(2) (a) IATA
2024 2019
2020 2021 2022 12 31
(b)
2020 2021 2022 12 31
2020
2021 2022 12 31
(3) (a)
(b)
2020 2021 2022 12 31
(a) (b)
2020 2021 2022 12 31
II (i) 2018 4 1 12 31 2019
12 31
(ii) 2018 4 1 12 31 2019 12 31
(iii)
(iv) 2017 1 1 2019 12 31
— 79 —
II
II
50%
50%
(i) 2019 12 31
(ii) 2019 12 31
(iii) IATA 2020
2020 2
(iv)
— 80 —
II
2022 12 31 II
3.
(i)
(ii)
(iii) II
14A.56
3000
740
— 81 —
II
II
II
2020 10 30
2003 1 6
28
2008 1 6
18
— 82 —
A/H
1
3,960 A
1,120,273,142
2
A
529,677,777
3
H
1 0.000024%
2 A
311,831,909 A 219,400,137 A
589,041,096 A 71.77%
311,831,909 A 219,400,137 A 589,041,096 A
3 H 12,000,000 H
517,677,777 H 71.77%
12,000,000 H 517,677,777 H
XV
(i) XV 7
8
— 83 —
(ii) 352
(iii)
XV 2 3
1 6
1 6
2019 12 31
— 84 —
8.10
2019 12 31
14
95 19 D
2020
2020
45.62 2,573.7 58.28% 59.83%
57.26% 85.42
2019 12 31
— 85 —