AmChamHK Dec 2018

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Magazine of The American Chamber of Commerce in Hong Kong

December 2018

Labor of Love LoveXpress takes Ira Kay award for autism mission

Conversation with Vanessa Friedman On why the clothes we wear matter

Meet fintech’s grown-up Broadridge is helping to drive a fintech evolution, not revolution

Cover Sponsor


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How can you be sure that your child will thrive in the future? The ever-changing technological landscape is transforming the way we live and work in such unpredictable ways, and it is expected to disrupt business models and the labor market further. That is why there is a shift towards skills; the World Economic Forum recently listed the top ten skills needed in what has been deemed the “Fourth Industrial Revolution.” These skills aren’t subject specific but are broad skillsets such as emotional intelligence, complex problem-solving, cognitive flexibility, analytical skills, and creativity. The challenge is how to foster these skills? Stamford American School addresses the development of these skills in two ways: the emphasis on STEM education (science, technology, engineering, and math) and the implementation of Second Step socio-emotional program to nurture resilient children ready for the challenges through their schooling and beyond. The STEM education program at Stamford takes a very innovative approach to learning; in fact, innovation is such a strong focus that the program has been named STEMinn, the “inn” for innovation. By adding innovation as a core focus allows students to take the initiative in learning through a cross-curricular approach, producing ideas that address realworld problems just as they would in a real job. Innovation also provides a natural opportunity to integrate projects as a critical element to inquiry units. Students can build on all ten in-demand skills and be naturally inspired by the curriculum, choosing to pursue projects related to the topic but not prescribed by the teacher. This approach to learning has produced amazing learning experiences such as a project based around the Volvo Race where middle school students built life-size boats which competed in Stamford’s own swimming pool. Students have also demonstrated their ingenuity to find solutions to combat environmental challenges, including making solar lights to donate to Papua New Guinea and finding ways to upcycle garbage into useful items. Great projects are the result, but the process to reach the end goal is where all the skills are developed.

Project-based learning alone is not enough to support students in socio-emotional development to address this Stamford use the award-winning Second Step program. This program complements the skills children are learning through hands-on experience with weekly classes where they can explore common real-life scenarios such as bullying, and develop solutions. During these dedicated lessons, students are given strategies and guidance from their teachers so when a similar challenge happens in real life; they are ready to handle it. This comprehensive approach to socio-emotional development begins in Pre-primary (Kindergarten) and continues until Grade 8. When students reach high school, they have a core foundation of soft-skills and are continually supported until graduation with an advisory program. Students meet regularly with their advisor to reflect on their individualized academic and social-emotional development against their goals and develop the skills essential for postsecondary success as they manage their own time for academic and personal growth. Stamford also has a team of counselors and nurses to support students through each step of their development further. The future of work is unknown, but in an increasingly globalized world, we can be sure it will be challenging. To future-proof children we must arm them with skills that set them apart from machines and ensure they have the resilience to need to thrive. The holistic approach to education at Stamford promotes this combination of skillsets. Graduates will not only have the technological and academic skills necessary for tomorrow’s world but also the soft skills that will set them apart from their peers, and the confidence to embrace the limitless possibilities of the future.

Limited seats for January 2019 intake - Apply now! SCHOOL CAMPUS

ADMISSIONS OFFICE

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Suites 4005-4007, Level 40, Two Exchange Square, 8 Connaught Place, Central, Hong Kong +852 2500 8688

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AP P J TO LICA ANU GR TIO AR AD NS Y 2 E 8 OP 019 (LI EN: IN MI P TA TE RE KE D S -PR PA IM CE AR S) Y

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Accepting Applications for 2019/20 Pre-Primary to Grade 9 For more info: www.sais.edu.hk SCHOOL CAMPUS

25 Man Fuk Road, Ho Man Tin, Kowloon, Hong Kong +852 3467 4500

ADMISSIONS OFFICE

Suites 4005-4007, Level 40, Two Exchange Square, 8 Connaught Place, Central, Hong Kong +852 2500 8688

Connect with us:

*Stamford American School has applied for International Baccalaureate Diploma Programme candidacy and will seek authorization for the school’s first graduating cohort.



COVER STORY

LIVING IN

H O N G KO N G Before you arrive · Getting settled · See and do

OUT NOW 28th Edition

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GET THE APP

AmChamHK

12 • 2018


Contents DECEMBER 2018 | VOL. 50 NO. 12 Publisher Tara Joseph

AMCHAM NEWS AND VIEWS

22 WOI winners

04 President’s memo

24 Photo gallery

Managing Editor

07 New business contacts

Jennifer Khoo

08 Member spotlight

Advertising Sales Manager

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Tom Chan

My favorite AmCham experience

CHINA’S OPENING 28 All Aboard the ‘Gin & Tonic’ Express

AmChamHK’s contents do not necessarily reflect the views of officers, governors or members of the Chamber. We welcome your letters, comments & feedback.

FILM 32 China Rewrite for Tinseltown

Email: feedback@amcham.org.hk

Dream Ending

On the cover:

36 CORPORATE MEMBER

Ira Dan Kaye Award winner and LoveXpress charity co-founder Noel Lam

PROFILE Broadridge: Meet fintech’s grown-up

ICYMI 1904 Bank of America Tower, 12 Harcourt Rd, Central, Hong Kong Tel: (852) 2530 6900 Fax: (852) 3753 1206 Email: amcham@amcham.org.hk

COVER STORY 12 LABOR OF LOVE Serving Hong Kong’s autistic community

Website: www.amcham.org.hk

Thanksgiving luncheon

SPECIAL SUPPLEMENT

Printed by Ease Max Ltd 2A Sum Lung Industrial Building 11 Sun Yip St, Chai Wan, Hong Kong (Green Production Overseas Group)

43 Guide to International Education

Designed by Tiffany Lau & Jules Langlais Tel: (852) 6432 2573 Email: ttiffanylauu@gmail.com Website: www.tifflaudesign.com

54 The last page

©The American Chamber of Commerce in Hong Kong, 2018 Library of Congress: LC 98-645652

Can you help? If you, your

Single copy price HK$50 Annual subscription HK$600/US$90

WOMEN OF INFLUENCE 20 CONVERSATION WITH VANESSA FRIEDMAN On why the clothes we wear matter

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40 Charitable Foundation dinner;

family or company have any photographs, documents or simply memories you’d like to share from AmCham’s past 50 years, please get in touch at feedback@amcham.org.hk, +852 6291 8694 or tag us on Facebook, Twitter, LinkedIn or Instagram using the hashtag #AmCham50 AmChamHK

12 • 2018


President’s Memo For others, the pain is yet to come, especially if the trade war intensifies and hits global growth.

Secretary Edward Yau. Coming up in 2019, AmCham will celebrate its 50th anniversary by looking at how American businesses helped to shape Hong Kong – and will likely continue to do so over the next 50 years.

AmCham, meanwhile, made a herculean effort in Washington this year to show the benefits to American businesses from Hong Kong’s unique role under One Country, Two Systems. We continue to argue against conflating Hong Kong with mainland China in the trade war. As Hong Kong enters the dizzying pace of holiday festivities, it’s worth stepping back to consider this year’s equally unsteadying U.S.-China trade developments. Since President Trump first hit Chinese imports with tariffs in July, Hong Kong has been grappling with the potential ramifications for business and the economy as the tit-for-tat trade war escalated. For certain sectors, such as sourcing and apparel, the message is clear: time to diversify supply chains away from an increasingly expensive China.

We will also host the annual summit of the Asia Pacific Council of American Chambers, bringing in delegates from across Asia and Washington and highlighting Hong Kong’s connective role in Asia.

The chamber also engaged the HK government in constant dialogue throughout 2018. We were pleased to see Chief Executive Carrie Lam adopt some of our advocacy points in her annual policy address, including a move to modernize HK’s ports, and the publication of key recommendations for fostering an environmental, social and governance ecosystem for financial services.

I’d like to close by saying what a pleasure it’s been to work with Jack in 2018, and to thank the board and hardworking staff of AmCham for all their dedication. Happy Holidays and I look forward to seeing you at the chamber in 2019!

Lam attended our first Smart City Summit in June, and joined the board for Thanksgiving lunch. AmCham Chairman Jack Lange and I also traveled to Washington with Trade

Regards, Tara Joseph AmCham President

BOARD OF GOVERNORS CHAIRMAN Jack Lange VICE CHAIRMAN Robert Grieves TREASURER Owen Belman

EXECUTIVE COMMITTEE

GOVERNORS Donald Austin

Matthew Hosford

Jenny Wong

Jennifer Van Dale

Julie Brandt

Clara Ingen-Housz

Patrick Wu

Diana David

Steven Xavier Chan

Simon Ogus

Lennard Yong

Seth Peterson

Sanjeev Chatrath

Karen Reddington

Catherine Simmons

Elaine Cheung

Anna-Marie Slot

Richard Weisman

David Cruikshank

Eric Szweda

Mark Green

Rick Truscott

PRESIDENT Tara Joseph EX-OFFICIO GOVERNOR Walter Dias

CHAMBER COMMITTEES Apparel & Footwear

Entrepreneurs/SME

China Business

Communications & Marketing

Food and Beverage

Gareth Brooks

Laurie Goldberg

Ben Simpfendorfer

Anita Davis

Veronica Sze

Lynne Sprugel

Cynthia Chow

Jin Ling

Heather Bach

Peter Johnston

Ball

Infrastructure & Construction

John Siu

Corporate Social Responsibility

Intellectual Property

Environment

Genevieve Hilton

Gabriela Kennedy

Jim Taylor

Hans Leung

Victor Tse

Rachel Fleishman

Financial Services

Anna-Marie Slot

Sally Peng

Seth Peterson

Energy

Law

Rick Truscott

Chiann Bao

John Zadkovich

Jessica Bartlett

People and Organizational Culture

Ian Chung Pharmaceutical Caroline Johnson Grace Lau

Innovation & Technology

Stephen Leung

Patrick Kirby

Peter Liu

Women of Influence

Jen Flowers

Wendy Zhang

Jennifer Parks

Leonie Valentine

Transportation and Logistics

Anne O’Riordan

Real Estate

Gavin Dow

Young Professionals

Robert Johnston

Geoffrey Siebengartner

Jamie Ford

Colin Jones

Oscar Wong

Lauren Chung

Janice Lao

Jasper MacSlarrow

Rebecca Terner Lentchner Song Jia Ning

Trade & Investment Barrett Bingley Tatman Savio Herman Cheung David Chao

Michael Frank

Insurance & Healthcare Hanif Kanji Amelie Dionne-Charest

Taxation

Invest in USA

Education

Eric Szweda

Virginia Wilson Abigail DeLessio

Ivan Strunin Peter Guang Chen Wade Wagatsuma

Nicolas Gordon

AmChamHK

12 • 2018



www.amcham.org.hk

AMCHAM Means Business

Members Directory

Over 500 pages in three major sections, including a complete guide to chamber services, corporate sponsors and AmCham Charitable Foundation. This directory lists about 1,350 members from about 660 companies and organizations. ISBN 978-962-7422-78-5

LC 98-645651 NON-MEMBER PRICE Local Delivery HK$1500 Overseas Delivery US$195 Shipping costs: Local HK$45 (per copy) US/International US$50 (per copy)

MEMBER PRICE HK$800 US$105

    AmCham Member   Name: Title:   Company:   Address:     Tel: Fax:     Email: Website:   copy(ies) of Members Directory     Total: HK$/US$ (postage inclusive)   payable to The American Chamber of Commerce in Hong Kong  check#    Bank:    Charge to AMEX (US$) Diners (HK$) Visa (HK$) Master Card (HK$)   Cardholder's Name:   Card#   Expiry Date: Issuing Bank:         Signature: (Not valid unless signed)    The American Chamber of Commerce in Hong Kong 1904 Bank of America Tower, 12 Harcourt Road, Hong Kong. Tel: (852) 2530 6934 Email: hchung@amcham.org.hk


New Business Contacts The following people are new AmCham members: Company Name

First Name

Last Name

Position

Amgen Asia Holding Limited

Gigi

Feng

Director, JAPAC, Corporate Affairs

CFA Institute

Yi

Zhang

Corporate Counsel and Director of Compliance, Risk & Ethics, APAC

CFRA

Chen-en

Tsaur

Head of APAC Business Development

Dorsey & Whitney

David

Cameron

Partner

Simon

Chan

Hong Kong Office Managing Partner & Lead M&A Partner

Janet

Wong

Head of Greater China Intellectual Property

FedEx Express

Philip

Cheng

Vice President Finance, Asia Pacific

Global Phoenix

Daniel

King

CEO/President

Isabella

Kong

Executive Assistant

Andrew

Svoboda

Chairman of the Board

Milky

Lau

Manager, Communications and External Affairs, HKUST Business School

Hong Kong University of Science & Technology

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Yvonne

Li

Acting Head, Alumni Development, HKUST Business School

International School of Nanshan Shenzhen

Ron

Mona

Head of Marketing & PR

Island Shangri-La Hong Kong

Ulf

Bremer

General Manager

Kroll Associates (Asia) Ltd

Simon

Ashenden

Associate Managing Director, Head of Security Risk Management, APAC

Meijer Trading Limited

David

Fragoso

Vice President, Direct Sourcing

Modern Terminals Limited

Margaret

Li

Executive Assistant to Group Managing Director

Philip Morris Asia Limited

Lina

Baechtiger

Manager Illicit Trade Prevention - External Engagements Asia

Refinitiv

Phil

Low

Customer Success, North Asia

Sino-Singapore Guangzhou Knowledge City Investment and Development Co. Ltd.

Nan

Wang

Assistant Vice-President

The Executive Centre

Patsy

Li

Global Community Director

Universal Pictures (Hong Kong) Limited

Anita

Cheung

General Manager

Jenny

Wong

Vice President, Legal Affairs

Jo

Yan

EVP

Walmart Asia Regional Office

Andrew

Rowe

Vice President, Strategy Asia

ZTE (H.K.) LTD

Jianzhou

Chen

Managing Director

Wei

Luo

Compliance Director

Lin

Mu

Technical Cooperation Director

AmChamHK

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MEMBERSPOTLIGHT Name: Tom Smith Job title: Senior Vice President – Operations, APAC Company: Hyatt Hotels Industry: Hospitality AmCham member since: June 2017

Where is home? Home originally was the Philadelphia, Pennsylvania area. We have lived in HK since early January 2017. Favorite thing to do in Hong Kong? Hiking the trails of HK like The Twins and Po Toi Island. Describe yourself in three words. Diligent, Passionate, Fun. If I wasn’t a business leader, I would be… A boat captain. First ever job? Cutting lawns and a dishwasher in a family-owned restaurant at the Jersey Shore. Favorite piece of advice? Work through the difficult times and things will get better. Adversity makes us stronger. Outside the office, where can we find you? Hiking in Hong Kong or traveling to some of my favorite Hyatt Hotels. Name something on your bucket list. Climb Mount Everest.

‘Work through the difficult times and things will get better. Adversity makes us stronger.’

What attracted you to AmCham? The opportunity to establish contacts here in Hong Kong and make new friends. Which AmCham event are we likely to find you at next? An educational segment of some sort. I do not have one picked out just yet.

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AmChamHK

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MY FAVORITE AMCHAM EXPERIENCE

GENEVIEVE HILTON Head of External Communications & Corporate Citizenship, Corporate Affairs Asia Pacific at BASF

MY FAVORITE AMCHAM EXPERIENCE 15

“My favorite memory is a single word. I was at an AmCham event on sustainable travel, and someone asked what our members can do to reduce their travel footprint. I was expecting to hear something about carbon offsets or waste, but the speaker simply said, ‘Ask. Companies want to provide what the customers ask them for.’ This is an obvious, but too often overlooked, insight – and a lesson to anyone who wants companies to improve their sustainability.”

AmChamHK

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COVER STORY

Labor of Love Ira Dan Kaye Community Service Award winner Noel Lam shines a light on Hong Kong’s autistic community

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AmChamHK

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‘We didn’t choose, they chose us’

“To be honest, we didn’t choose, they chose us,” says Poon, after I ask why the focus on autism over other disorders.

If you’ve lived in Hong Kong for some time, or indeed any big city, kindness of strangers seems a foreign concept.

Forty-nine children in every 10,000 are diagnosed with the disorder in Hong Kong, according to a 2007 study by Hong Kong University.

So imagine my surprise when mid-sentence, just 30 minutes into our conversation inside a chilly air-con blasted urban cafe, Noel Lam takes off the shawl she had been wearing and gets up to drape it around my shoulders, observing that “you need it more than I do.”

Lam says autism has “a rippling effect,” affecting not only sufferers but with implications for education, employment and society as a whole.

She was right, and I was grateful. But I don’t know why I was surprised. Noel Lam gave up her highflying job with a listed Swiss reinsurance company in 2017 to work full-time at LoveXpress, a local charity dedicated to serving Hong Kong’s misunderstood autistic community. In 2015 Lam met Kitty Poon, who founded LoveXpress after a mid-life revelation that “life shouldn’t just be comfortable, earning money, but a personal calling to find out what love is.” By that point Lam had done some part-time volunteer work and long-suspected that serving others was something she could spend the rest of her life doing. Lam grew up in a broken home in the slums of Hong Kong where she had to start working at just five years old to help her mother support their family, including her drug addict father and other siblings. Robbed of a normal childhood and forced to grow up before she was ready, Lam had every reason to let her past get the better of her, but that’s not how she sees it. “There was a reason for my experiences in life, which was to prepare me for the future, for this role. I am resilient and able to see things with a different pair of eyes, to have more sympathy and empathy for others,” she says.

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Noel Lam The biggest misconception about autism is that it is a behavioral or personality issue, so sufferers don’t receive the right attention, says Lam.

“Everyone I meet has a streak in them that inspires me,” she says.

“Individuals with autism look completely normal – they can be attractive and very smart. It’s like they are wearing a mask, and they cannot communicate what’s really going on.”

Alongside Poon and the rest of LoveXpress’ core team, Lam works to raise awareness about autism spectrum disorder (ASD) and hopes the organization can be a source of information and support for families of children with autism.

Lam has met with parents who blame themselves for their child’s autism, mistakenly believing that ASD somehow is preventable. What people need to know is that autism is caused by developmental differences in the brain.

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It is not a behavioral issue and has nothing to do with upbringing, she says. This misunderstanding delays possible intervention, especially during the “golden period” up to the age of six. An autistic brain develops in such a way that it cannot read and interpret certain social signals, so some communicative behaviors aren’t learned and connections aren’t made. “Earlier intervention will drastically change their lives,” says Lam, who urges parents who suspect their child has autistic features to take an assessment so they can “move from the self-blaming stage to the problem solving stage.” LoveXpress partnered with different professional, education and social institutions to develop a holistic one-year program called “Early Intervention for Families of Children with Autism,” to help lowincome families during this period.

treatment period, i.e. early childhood. Poon and Lam advise keeping a close eye on boys, in whom early signs of autism are often missed, put down to the fact that boys generally mature more slowly than girls, physically, socially and linguistically. Autism is also much more common among boys (approximately 1 in 42) than girls (approximately 1 in 189), according to research by the U.S. Centers for Disease Control and Prevention. Autism identification and assessment in the public healthcare sector can involve long wait lists of nine months to a year. After receiving diagnosis, the wait for treatment can take between six and 18 months. Given that the cost of lifelong care due to autismrelated issues can be reduced by 67 percent when there are early interventions according to the Autism Society in 2016, the wait seems worth it.

Right to education The program, which includes professional therapies, emotional counselling, parents’ training, social networking and home visits helps parents accept and positively face the realities of living with autism, and methodically helps them plan the growth and development of their children within that golden

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In Hong Kong, ASD is afflicted with the same stigma as mental health issues, though the two are completely unrelated. Lam explains there is a reluctance within Asian culture to highlight what is “bad,” with Poon chiming in that autism is viewed by

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some as a curse on the next generation which they refuse to accept by acknowledging it exists. Without community awareness and acceptance, autistic children will face various difficulties when older as they make the transition into the education system and then the workplace. There are a number of privately run special educational needs (SEN) schools in Hong Kong targeting the English-speaking autistic community, but these tend to be expensive and beyond the budget for many local families. Within the government education sector, autistic children with an IQ below 70 points are sent to special schools, while the rest are placed in mainstream schools that also cater for SEN students. Both public and international schools receive some funding from the government to support SEN, but Lam is skeptical that their hearts are in the right place. “The mindset of the whole education industry is to believe that as long as they market themselves as taking some SEN students that funding will flood in.” The situation is looking up though. In her October 2018 policy address, Chief Executive Carrie Lam

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pledged HK$800 million more each year towards SEN support initiatives, including the employment of properly trained SEN teachers, called Special Educational Needs Coordinators, or Sencos. “At the moment if there is just one SEN child in a class alongside regular children they can be ignored easily. They typically hide in a quiet corner, and the teachers are happy with this situation as long as they are not being disruptive,” says Lam.

Untapped potential Only 16 percent of autistic adults in the UK are in fulltime paid employment, and only 32 percent are in some kind of paid work, according to research by the National Autistic Society in 2016. Few people realize that autistic people have, in fact, a lot to offer the workplace. “In terms of soft skills they are loyal, precise and punctual, are great at following procedures and steps, and they enjoy repetitive work,” says Lam. Thanks to their unique brain structures and ways they view the world, adults with autism commonly thrive in artistic and creative industries.

AmChamHK

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At this point Poon pulls out her phone to show me a photograph of a realistic painting by a boy with autism they’ve worked with, done mostly from perceptual memory. This young boy, who was successfully diagnosed with ASD by the age of six, is a great example of the potential that people with autism can unlock with early intervention and family support. Autistic people with an IQ over 70 points are regarded as having high-functioning autism (HFA). These individuals tend to succeed in STEM industries thanks to their organization skills, high meticulousness and responsiveness to visual learning. Indeed certain companies in the US have inclusive hiring policies that include HFA individuals. Microsoft, with its Autism Hiring Program, is one of them. LoveXpress runs a career-planning program that includes activities like company visits, mock interviews and job matching to develop in young people with autism the confidence they need for a transition to the workplace.

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Knowledge is power Through a series of special awareness raising events, including the “Loving Stone” roving exhibition, “Loving Stone” painting workshops, school talks and more, LoveXpress gives the public an opportunity to learn about and interact with members of Hong Kong’s autistic community. Poon uses her passion for making jelly art to teach autistic children a new skill. Making the jellies, then selling them to raise funds, gives them feelings of achievement and recognition. Parents are always impressed by what their children have done, she says. Given Hong Kong’s conservative nature, I couldn’t help but wonder whether Lam and Poon had come across any parents who prefered to keep their autistic children out of the limelight. But Lam says public response to the charity’s work has been nothing but positive. She tells the following story: One day a father walked past one of the group’s exhibition booths with his sixyear-old son who had been recently expelled from

AmChamHK

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school. At that point neither of the boy’s parents knew much about ASD, let alone that their son had it. They had always debated whether his behavioral issues were caused by one of his grandmothers, with whom he spent a lot of time. This misunderstanding wreaked havoc on the man’s marriage, and the boy’s grandmother felt blamed to the point of wanting to kill herself. Suspecting an undiagnosed case of autism, the LoveXpress team connected the father with another family with an autistic son. Bonding over games of ping pong, the father of the autistic boy shared his own experiences and advice with the struggling man, who felt encouraged to get his own son tested for autism. True enough, the young boy tested positive. With the support of his family, he is now on the path to a fulfilling life.

AmCham’s Ira Dan Kaye Community Service Award recognizes individuals for exemplary services to the Hong Kong community on a voluntary basis. Recipients of the award receive a check for HK$30,000 for a charity of his/her choice and an engraved silver plate. The award was named after past AmCham chairman Ira Dan Kaye who passed away on June 6, 1999. For more about the AmCham Charitable Foundation scan the QR code below.

Some time later, Poon said the boy’s grandfather got in touch with her to thank her, saying: “Kitty, did you know you saved the whole family?”

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AmChamHK

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Lam (2nd from right) and Poon (2nd from left) with other team members from LoveXpress

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Operation LoveXpress Charity Sale LoveXpress presents exquisite handmade gifts created by autistic children and their parents for you and your loved ones this festive season. Order these special gifts online using the QR code.

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Limited Product Delivery starts from December 5, 2018.

Calendar by Autistic Artist Alvin Li

Handmade Organic Soap by autistic family

Loving Stone Gift Set

Special Design Red Pocket

* Tax-deductible receipt will not be issued for purchase of charity sale items.

For any queries or to make a donation to LoveXpress, please contact: Tel: 2896 0323 Email: lovexpress@lovexpress.org

AmChamHK

12 • 2018


WOMEN OF INFLUENCE

CO N V E R S AT I O N W I T H VA N E S S A F R I E D M A N Fashion director and chief fashion critic at the New York Times chats to Amcham’s Tara Joseph about the clothes we wear and what they say about us If you’ve read Malcolm Gladwell’s Blink, you’ll know you have just 30 seconds upon meeting someone new before they form a judgement about you. Sound unfair? Maybe. Is there anything you can do to influence the outcome? Absolutely. Impeccably dressed in statement earrings and a black blazer/classic white t-shirt combo, fashion director and chief fashion critic at the New York Times Vanessa Friedman joins AmCham’s Women of Influence conference to propose the contentious idea that our clothes do, in fact, matter.

On fashion as a tool The media often comes under fire for remarking on the fashion choices of female professionals, politicians and actresses, while their male counterparts don’t receive the same scrutiny. Though this sexism is fast becoming unacceptable in the West, Friedman thinks women should use fashion as a “tool” for communication.

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We live in an increasingly visual world – appearance is the one thing almost everyone sees before words are said. Clothes are the signals you give to people before they form an impression about you. Many assume this is negative, they don’t want to be judged by their cover. But this is inevitable, so why not embrace it, Friedman says. “You are the one who is missing a trick if you miss the opportunity to take the one thing that can be used to communicate something about yourself,” she says. “We can communicate serious ideas — such as our identity and politics, through a prism of something that is fun,” she says. Melania Trump, for example, uses her clothes as armor. Whenever you see her in photos she is cinched, buttoned up, protected with wardrobe. “I don’t think that’s a coincidence,” she says. Women are lucky, we have many more options than men and we should make use of the fact. “Clothes should make your lives better – clothes say here is a way to be you, next.”

AmChamHK

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WOMEN OF INFLUENCE

On balancing femininity with power Friedman says it is important to shed stereotypes. There is no single definition of what it means to look powerful. Women assume they have to wear suits like men in order to look and be powerful. Michelle Obama was the first First Lady to wear a floral dress, and no one accused her of looking like a 1950s housewife. Power comes from the inside, from the way you express yourself. Your clothing either expresses that or it doesn’t, she says. Modern fashion includes freedom from worry about the “appropriateness” of your clothing choices. Facebook COO Sheryl Sandberg does not dress in t-shirts and jeans like the men who surround her, says Friedman. Women also have a responsibility to admit their different priorities. This means not just telling others when you are going to a business meeting but also when you are going to your kid’s school play. Society needs to be more open and accepting of the different priorities women have – not just work but family.

On personal style and choice Friedman declines to comment on the women whose style inspires her for she simply cannot choose a few.

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But she does admire women who are comfortable using fashion to communicate something, again citing Michelle Obama as a woman who was “willing to use fashion, and talked about it.” As women seize influence and become liberated from tight skirts and stilettos, what should a billionaire woman wear, asks someone from the audience. Whatever she wants, is Friedman’s answer. Friedman herself prefers to dress up for work as it gives her a “psychological cue to feel ready for the day.”

On fast fashion and sustainability The fast fashion industry started with the best intentions, which was to give everyone access to clothes at a reasonable price point. Now that intention has evolved to “everyone should have access to the latest styles,” says Friedman. This use-once-and-throw-away mentality of fast fashion can be shifted. Consumers have the power to make more conscious choices about what they buy. Building a sustainable wardrobe is somewhat of an oxymoron as fashion is all about change, but it is possible to have a sustainable wardrobe by investing in classic, quality clothes that will last for years to come. Brands will eventually be forced to make less as the costs from unsold inventory pile up, she says.

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WOMEN OF INFLUENCE

2018 Award Winners

Professional of the Year S.K. Witcher Journalist and Immediate Past Chair, Editorial Committee, Society of Publishers in Asia

Non-profit Leader of the Year Sally Begbie Executive Director, Crossroads Foundation

Entrepreneur of the Year Elaine Tsung Founder & CEO, Garage Society

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Best Company for Women Accepted by Maria Hui on behalf of Microsoft Hong Kong Limited

Young Achiever of the Year AmChamHK 12 • 2018 Jen Loong Managing Director, Greater China, HYPE Asia


WOMEN OF INFLUENCE

Leading Woman on Boards Angelina A. Kwan Chief Operating Officer, BitMEX

Champion for the Advancement of Women Clifford A. Hart, Jr. Chair, Board of Advisors, HLS Asia

Lifetime Achievement Marjorie Yang Chairman, Esquel Group (2nd from left)

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Master of The Arts AmChamHK Andrea D. Fessler Executive Director, Premiere Performances

12 • 2018


WOMEN OF INFLUENCE

Women of Influence Conference November 16, 2018

AmCham President Tara Joseph and U.S. Consul General Kurt Tong with the Honorable Barbara Franklin, President and CEO of Barbara Franklin Enterprises (center)

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WOMEN OF INFLUENCE

Lunchtime performance by the Hong Kong Ballet

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WOMEN OF INFLUENCE

More details on AmCham’s website via the QR code:

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WOMEN OF INFLUENCE

Special thanks to our sponsors Gold Sponsors

Silver Sponsor

Bronze Sponsors

Official Airline Sponsor

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Cocktail Sponsor

Table Gift Sponsor

AmChamHK

12 • 2018


CHINA’S OPENING

All Aboard the ‘Gin & Tonic Express’ Now that the Express Rail Link has brought Hong Kong and Guangzhou to within easy reach of each other, it’s worth reminding ourselves of just how far we’ve come in integrating with mainland China – logistically, if not politically. It wasn’t all that long ago that the same journey took an awful lot longer – and was an awful lot more wearisome. Still, Jonathan Sharp recalls one leg of the trip had some redeeming features.

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In the early 1970s, it was hard enough for a journalist like myself to get into China. But once in, it was also quite a slog to get out. For a Beijing-based correspondent, a bureaucratic and logistical obstacle course had to be overcome in order to leave, even for a brief vacation. The result was that it took more than a day to travel, by air and train, from Beijing to Hong Kong, one of the few exit points. The final leg of the journey was a leisurely jaunt by train – the “gin & tonic express” of the headline – through the then charmingly rural New Territories to Kowloon. I was based in Beijing from 1972-1974 for Reuters news agency. It was a memorable and rewarding time to be in China as it slowly emerged from the worst horrors and self-imposed isolation of the Cultural Revolution. Crucially for me and the small band of Beijing-based journalists, the center-stage news story at the time was the U.S.-China relationship, evolving step by step in the wake of President Richard Nixon’s game-changing visit behind the Bamboo Curtain in February 1972. Reuters, perhaps mindful that former Beijing correspondent Anthony Grey had been held in solitary confinement there for more than two years in the late 1960s, ruled that China was a hardship posting. For myself and my fellow China correspondent, this meant we were encouraged, if not mandated, to take leave every three months.

We didn’t need the encouragement. Living and working in China, while fascinating, was a distinctly weird experience. Key weirdness aspects included being effectively barred from having any meaningful social contact with Chinese people – no Chinese friends or sources – and then having only one telephone number (55 55 05) to contact the entire government of the world’s most populous nation. However, taking that leave was easier said than done. Hong Kong was the obvious destination, because that is where we, and almost every Westerner who was not Nixon or Henry Kissinger, entered and left China. But there were no Beijing-Hong Kong flights. Indeed, even phone calls from the mainland to Hong Kong were an on-off toss-up. The sole Chinese airline, CAAC, flew hardly anywhere outside the Mainland, and few foreign carriers bothered with flights into China. However, CAAC did fly at least once a day from Beijing to Guangzhou – or from Peking to Canton as we called them then. So we took that flight, arriving in the afternoon at Guangzhou’s somnolent White Cloud airport. Minders from the China Travel Service then steered foreigners to the only hotel open to us, the Dong Fang. This was a gloomy, cavernous pile, much derided for its mosquitoes and poor ventilation. The overnight stay, while being a mere 60 miles from Hong Kong, was compulsory because the train to the border left in the early morning. A variety of efforts by foreigners to beat the system and avoid the overnight stay – including a shock-tactic sit-in protest outside the hotel by a diplomat demanding a car to the border – were mostly to no avail. Finally reaching the border, there was more formfilling to observe, including checks that one was not carrying Chinese currency into boisterously capitalist Hong Kong. (As a sign of how chronically underdeveloped the Chinese economy was, the highest denomination bills in circulation in China at that time were for 10 yuan.) Having arrived at Shenzhen, then just a village, typically no more than a handful of travellers including journalists like myself made the short walk at about midday across the narrow railway bridge (pictured). This was the border between China and Hong Kong – two worlds, both Chinese, but poles apart.

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bestowed on the train trundling from the border to Kowloon. In my feature I described the journey as serving as a mental decompression chamber after crossing from one of the most austere societies in the world into one of the most vibrant. As Tim Pearce, my good friend and Reuters colleague in Beijing, now recalls, “Walking across the bridge, I was always slightly nervous in case some official runs after you to stop you for some obscure reason. Then, sinking into your seat in the Gin & Tonic Express and ordering that first drink, symbolizing freedom, escape, holiday, free enterprise, colors, a break from the deadening bureaucracy and crushing of individualism that dominated the lives of millions of Chinese.” To call the train an ”express” was certainly a misnomer, as it took a non-air conditioned 75 minutes to saunter to Kowloon. But few passengers seemed to mind – it allowed time for more than one drink, an opportunity readily seized by many.

On one of my periodic crossings, an Italian diplomat, over-encumbered with luggage, asked me to lend a helping hand. As I always travel light, I was happy to oblige, although I saw that his luggage was the Italian embassy’s diplomatic bags, the ones carrying confidential and secret materials. The bags – and I was surprised to see that in those days diplomatic bags really were just drawstring duffel bags – were hardly the sort of thing that a British journalist should be hand-carrying across an international border. But this flagrant security breach went unnoticed.

As Tim adds, “My main memories are of sitting beside Western businessmen as they knocked back stiff drinks and became increasingly talkative after weeks sitting in a hotel room waiting for calls from ministry

Mental Decompression Chamber The welcome sight on the platform on the Hong Kong side of the bridge was a white-coated waiter carrying a tray of drinks. My drink of choice – and that of other travellers, I noticed – was a gin and tonic. In a feature story that I wrote for Reuters in 1974, I put this beverage preference down to the fact that in Beijing, where all Western drinks had to be imported, G&T ingredients were often in short supply. Drinks at the border cost HK$7 and change, not cheap in those days, but few takers seemed to care. So the “Gin & Tonic Express” was the unofficial title

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negotiators to yet another round of interminable talks.” The return journey from Hong Kong to Guangzhou was not quite so tedious. It did involve a two-hour layover in Shenzhen, but at least there was a flight to Beijing waiting in Guangzhou and you could be back in the Chinese capital on the same day.

I haven’t yet tried the Express Rail Link, and am anxious to do so, if only to find out: is there a G&T on board? The first of AmCham’s 2019 GBA Delegation Series will take place in Guangzhou from Jan 17-18, 2019. Attendees will make the trip on the newly opened Express Rail Link. Contact chinaaffairs@amcham.org.hk for information about upcoming delegation tours to China

Mine’s a double... they may be fast, but the Hong Kong-Guangzhou bullet trains lack the draw of the G&T Express. (Photo by WiNG via Creative Commons)

Bertie Wooster

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China Rewrite for Tinseltown Dream Ending Made in China 2025 is already showing in a cinema near you as Hollywood resigned to supporting role in mainland’s booming film industry, writes Mathew Scott

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William Goldman knew a thing or two about the movie business, having won Oscars for the screenplays of Butch Cassidy and the Sundance Kid in 1969 and All the President’s Men seven years later. The American – who passed away last month – was also a noted novelist (Marathon Man and The Princess Bride) and playwright (A Family Affair). But it might be the following for which Goldman should best be remembered: “Nobody knows anything.”

It was the elephant in the room at the 2018 edition of the Busan International Film Festival in South Korea in October. It was whispered about by international filmmakers who – as in the producer quoted above – would not go on record for fear of damaging their prospects in China; and it was discussed openly (but, again, off the record) once booze loosened tongues at industry parties.

Those were the opening words for Adventures in the Screen Trade, his 1983 insider’s take on a Hollywood that was still the undisputed king of the global movie business. Even then, Goldman saw filmmaking as little more than a game of chance, a crap shoot where the big studios could never be certain that luck was on their side and a film would turn a profit.

But no one seemed to know how any possible escalation might impact on the ever-evolving relationship between the nations’ film industries.

The odds are even longer today.

The focus of international concern in recent times has been on the changes in the nature of the movie sector on the mainland, and the impact that is having on the international film industry.

Hollywood’s crown is slipping. The Chinese film industry has emerged from nowhere: Domestic box office takings topped those in North America for the first time in the first three months of this year, with China forecast to finally eclipse the U.S. as the world’s biggest market by 2020 on annual turnover of around US$11 billion.

“We’re just waiting to see what happens, like everybody else,” another producer said. “But things are at a complicated stage.”

Not in China, and certainly not in a Hollywood that appears confused about how to deal with China’s rise and, of course, how exactly to get in on a piece of the action.

After a decade of major – and very public – investments in Hollywood studios, the government of Xi Jinping suddenly reined in Chinese spending overseas, with deals such as a reported US$1 billion financing agreement between Huahua Media and Paramount Pictures falling through. At one stage, it seemed like every big American studio was there for the taking, with Chinese investors emboldened by the likes of the Dalian Wanda Group’s US$2.6 billion buyout of AMC Entertainment in 2012. (Which had in turn been cheered on by a new Communist Partyled policy of bolstering China’s cultural industries through support for overseas acquisitions.)

“At first it was a bit like a gold rush,” explained one veteran American producer. “Everyone in China wanted to start making movies, and everyone from outside of China wanted to make the most of the situation, especially the big American studios. But things in China can change quickly, in both the film industry and politically. Right at the moment, no one is really sure what is and will be going on.”

‘The sense is ‘you can come and work with us now,’ rather than ‘come and show us what to do,’ which is how it had been before’

And never have Goldman’s words rung more true. Nobody, it seems, knows much of anything about where things are headed.

Some of that uncertainty can be put down to the shadow that has been cast across all industries by the ongoing trade war. At the time of writing, a truce had been called after months of tit-for-tattery – a 90-day reprieve before the U.S. threat to ratchet up tariffs on US$200 billion in Chinese imports to 25

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percent from 10 percent.

Over the past 12 months, however, China’s gaze has become far more internal. It took a harsh lesson to bring about that shift in

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mindset. In 2016, around US$150 million was spent on the effect-laden The Great Wall, with Oscarwinner Matt Damon in the lead. It was heralded as the Chinese film industry’s first major attempt to make an international blockbuster. And it was a flop. There has also been the Chinese government’s push that mainland-made films should promote themes, characters and narratives that place the country and its people in a positive light. Always. That has resulted in the release of gung-ho blockbusters with nationalist themes – such as the Wolf Warrior franchise – that have been runaway successes, so far at least.

Pow pointed to the fact that of the six films that have earned more than US$300 million at the Chinese box office this year, only one – Marvel and Disney’s Avengers: Infinity War – had been from Hollywood. “This is a key point to keep in mind when we assess opportunities within the market as foreign producers, investors and distributors,” Pow said. “[Chinese films] in fact are getting very good, and without the crutch of the regulatory environment – they are simply connecting very strongly with their audience.”

“The way it was...” China's Cinema Scene 2007

The Hollywood Reporter was at the fifth annual U.S.China Film & Television Industry Expo held in Los Angeles this past September and found the current mood of the Chinese box office a main topic of conversation. Imported films – led by Hollywood and under a quota of around 34 releases per year – had experienced a 24 percent drop in ticket sales in 2018, and local films were, well, flying. “The fact of the matter is that Chinese-language films are getting better,” said box-office analyst Rance Pow, CEO of consultancy Artisan Gateway, according to THR.

Box office Chinese Box Office Dazzling Dozen Title

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Source: Box Office Mojo

Millions

Year

Wolf Warrior 2

US$854

2017

Operation Red Sea

US$576

2018

Detective Chinatown 2

US$541

2018

The Mermaid (2016)

US$527

2016

Dying To Survive

US$451

2018

The Fate of the Furious

US$393

2017

Furious 7

US$391

2015

Monster Hunt

US$382

2015

Hello Mr. Billionaire

US$367

2018

Avengers: Infinity War

US$360

2018

Monster Hunt

US$356

2018

Never Say Die

US$334

2017

Source: Box Office Mojo

Title

Millions

Transformers

US$37.2

Ji jie hao (Assembly)

US$34.1

Tau ming chong (The Warlords)

US$27.6

Harry Potter and the Order of the Phoenix

US$19.4

Spider-Man 3

US$18.9

Si jie (Lust, Caution)

US$17.1

Pirates of the Caribbean: At World’s End

US$16.9

Casino Royale

US$11.8

Night at the Museum

US$8.3

Moon to (Protégé)

US$8.1

They are also now hiring Hollywood talent to work within the domestic system – giving roles in distinctly “local” productions to the likes of two-time Oscar winner Michael Douglas (Animal World), Bruce Willis and Adrien Brody (Unbreakable Spirit). Gun Hollywood producer Jason Blum was in Busan after a string of international hits that have included the Oscar-nominated Whiplash (2014) and Get Out (2017). In talking about his own tentative plans to enter the Chinese market, Blum hinted that the time had come for Hollywood to focus more on working within the Chinese market, and its many and varied constraints. On the mainland the sort of horror films for which Blumhouse Productions has become

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“Instead of the Chinese film industry looking to Hollywood, to invest and even to learn, the focus is more on what it happening at home,” according to a Hong Kong-based producer. “Chinese-made films are dominating at the box office and the sense is ‘you can come and work with us now,’ rather than ‘come and show us what to do,’ which is how it had been before. It’s a natural and positive progression but what has surprised most is how quickly it has happened.”

Savage debut: one to watch Jason Blum famous – including the Paranormal Activity and The Purge franchises – would never pass the censors due to their subject matter. “[But] I like a challenge,” said Blum. “I was intrigued by the notion of producing a movie that would qualify as a local scary movie, to follow all the rules of the [Chinese] censor and to make it scary.” Various producers spoken to on the sidelines of BIFF were of similar sentiment. Although they all agree success in cinema was never guaranteed, the most import thing was being able to put yourself – and your production – in the game.

For an indication of just how far Chinese cinema has come so quickly look no further than Cui Si-wei’s debut feature Savage. It’s a film that could well have been put together by one of the world’s major international studios – and by one of the world’s most seasoned filmmakers – rather than a director sitting behind the cameras for the first time. And at the annual Busan International Film Festival in October, the actioner picked up one of the two New Currents award prizes, handed out for first- or second-time filmmakers. It was a major shift in focus for the New Currents jury, which has in the past focused on more worthy, politically or socially charged works. But they were blown away by this “strikingly accomplished and riveting” film, which follows a forest ranger chasing gold thieves in a snowy mountain range. The film is purely commercial in its intentions, with a big, obvious budget and the talent on show of box office champions Chang Chen (The Grandmaster,The Assassin) and Liao Fan (Black Coal, Ash Is the Purest White). “[The film shows] a mastery of genre cinema, with multi-dimensional characters and thrilling action sequences,” the New Currents jury declared. Watch out for the film when it opens next year.

Red Sea

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CORPORATE MEMBER PROFILE

Meet Fintech’s Grown-up Broadridge is helping to drive a fintech evolution, not revolution

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CORPORATE MEMBER PROFILE

What does fintech conjure up for you? A few wizkids in a co-working space with little more than a shared startup dream? Futuristic robots dishing out stock tips? Algorithms quoting realtime insurance premiums? Or shadowy cryptocurrencies with their promise of a cash-free future? Whatever it is, Broadridge seems an unlikely poster child at first glance. Tracing its roots back to the decidedly analogue 1960s, the U.S.-listed company has a market capitalization of more than US$11 billion and makes about US$4 billion in annual sales. Sales that are still driven by its core business of providing investor communications – of which proxy-voting services make up the bulk. And while these are increasingly digitized and unrecognizably more streamlined than of old, helping companies and investors with their paperwork hardly sounds the stuff of fintech dreams. But think again, says David Becker, Broadridge’s Asia-Pacific head, who describes the company as a “grown-up fintech.” And thinking again, it does seem likely we’ve been misled by years of headline-grabbing hype around startups and disruptive technologies. The fintech revolution was never going to be, well, revolutionary. It was always going to be about managing the transition to disruptive technologies without pulling the legs from under the world’s financial system. “We tick all the boxes as a fintech play,” Becker says. “We provide technological solutions to the market based on our current product service offering that, as the market starts to grow and expand, will become legacy. So we need therefore to provide a bridge from what we offer now to next-generation solutions, which are increasingly AI based and blockchain based. And that’s what we do.” Grown-up fintechs build bridges; they don’t blow them up. An interesting coincidence, then, that Broadridge Financial Solutions began its transformation into a fintech leader after it was spun off from APN in 2007. The company’s shares began trading on the New York Stock Exchange on April 2. That was also the day New Century Financial, one of the biggest U.S. subprime mortgage lenders, filed for bankruptcy – a harbinger of the global financial crisis to come.

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The meltdown led to the reworking of global rules that have piled on regulatory and compliance costs for banks and other financial institutions already struggling to deliver pre-crisis profitability amid stubbornly low interest rates. At the same time, rapidly evolving technologies have created both the potential for huge gains in efficiency, transparency and security together with some possibly existential and poorly understood new threats. Unlike North America or Europe, the Asia Pacific region has multiple regulatory regimes that don’t really coordinate with each other, which means financial institutions have to navigate all of them. It also means an environment with greater scope for innovation and disruption. “The crunch point will be when the regulators start to focus on the disruptors,” says Becker. Given the systemic importance of the finance sector, it makes sense that fintech solutions must prove themselves both sturdy and trustworthy before they can be widely adopted. That hands an advantage to companies such as Broadridge, which has built ties over decades with market regulators and many of the world’s biggest financial firms and has a proven track record of implementing new technologies. Just as Google started life in 1995 as a system to rank pages on the internet and Amazon began the same year as an online bookstore, both growing on their ability to massively scale up and diversify their businesses, so too with Broadridge’s technology platform. After the 2007 spinoff, the company quickly expanded its offerings in electronic voting platforms, tax services, business-process outsourcing, mutual funds and retirement solutions. It extended global securities processing into major European and Asian markets, and has grown to offer data management, mutual fund processing, and fee and expense management services. The company now processes about 2 billion investor communications each year, with more than 95 percent of all cross-border proxy voting moving through Broadridge. “In short, we provide the infrastructure that helps the financial services industry operate,” Broadridge says in its annual report.

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CORPORATE MEMBER PROFILE

The company provides “a tech stack of different functions that are covered by one underlying infrastructure,” Becker says. “The market is transforming with the confidence that they can outsource, they can mutualize in the sense of having one large global vendor that can support multiple clients.” For banks and other financial services companies, outsourcing their mid-to-back office functions helps them to spend more on front-office activities around digital banking, “and at the same time get off some pretty old legacy technologies,” Becker says. “It’s a bit of a perfect storm for us right now.”

as a platform offering global connectivity, he says.

‘We tick all the boxes as a fintech play... [we] provide a bridge from what we offer now to next generation solutions which are increasingly AI based and blockchain based’

“When the foreign banks look at their domestic requirements for Japan they’d rather go with the same standards that they’re using in New York, London as much as Tokyo. And increasingly that’s true for the Japanese banks.” As for the future, Broadridge has invested heavily into developing blockchain solutions for investor communications and trade processing. “The glamorous part clearly is whether it will change the whole monetary system of the world,” Becker says. But in reality adoption of blockchain – or distributed ledger technology – will depend on its ability to remove “bread and butter operational inefficiencies.” Take Japan, which provides more than half the group’s Asia business. After decades of recession, the country is showing some signs of recovery, with record earnings at major banks. “Regulatory changes are probably what’s driven our growth the most,” Becker says, citing Japan’s move to shorten the settlement time for Japanese Government Bond trades by a day – from T+2 to T+1. Financial institutions were looking for off-the-shelf solutions and to outsource at a lower cost than they could provide in-house. Broadridge was on the ground and had products ready to market – as well

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Put up or shut up... “This is an underlying new technology that is trying to resolve some of the smaller problems as well as the dramatic, paradigm-shift changes in the market,” he says. “Arguably, the real advantage is in cost reduction… If you flow it through, those savings can go all the way back to the investor and encourage more growth in financial market trading.” At the time of writing, Bitcoin was about 80 percent below last December’s record high, puncturing some of the hyped up expectations that the cryptocurrency was set to revolutionize the world of finance. AmChamHK

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CORPORATE MEMBER PROFILE

“It’s turned now to put up or shut up: What can you put to market now by way of immediate solutions based on blockchain technology to bring value back to the shareholders and individual investors,” Broadridge has already developed patents and teaming up with major financial players such as JPMorgan and SocGen in pilot programs for blockchain-based proxy voting and repurchase agreement transactions, “providing a secure record of repo trade details, reducing the need for reconciliation and removing obstacles to straight through processing trading of repos.” The company is also a key investor in Digital Assets Holdings, which ASX engaged to build a distributed ledger technology-based post-trade clearing and settlement platform for the Australian market. “Because it’s a relatively small market and somewhat contained it’s a good testbed. But i think it could set a benchmark for the success or otherwise of DLT in the financial space,” says Becker, an Australian who previously ran Thomson Reuters Financial and Risk division in the region. “In theory, I would see that roll out to Singapore, Hong Kong, Japan. I think even the European and U.S. markets are looking,” says Becker. “When you buy from us now you’re also buying into the next generation.”

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ICYMI

AmCham Charitable Foundation dinner November 9, 2018

‘So happy everyone was so generous and had a great time. Thanks to the ACCHK team for making it a very special evening’ - Jim Thompson, past AmCham Chairman

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ICYMI

Special thanks to our generous sponsors

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Visit AmCham’s website for more details:

AmChamHK

12 • 2018


ICYMI

Thanksgiving Luncheon November 22, 2018

U.S. Consul General Kurt Tong and AmCham President Tara Joseph with AmCham Charitable Foundation Ira Dan Kaye Award winners Noel Lam and Kitty Poon, founders of LoveExpress charity. 46

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INTERNATIONAL EDUCATION

Canadian International School of Hong Kong 36 Nam Long Shan Road, Aberdeen, Hong Kong

For over 27 years, Canadian International School of Hong Kong (CDNIS) has been known as Hong Kong’s innovative school. Through a holistic curriculum that focuses on the development of the whole person, CDNIS students are empowered to be empathetic innovators and leaders. Accredited by CIS and WASC, it is a school where students are valued, and their unique qualities in all things are celebrated. Technology plays a key role as students as young as Grade 1 not only learn how to code, but also utilize 3D printers, laser cutters, virtual reality and augmented reality. This innovative approach to education led CDNIS to be named by Cambridge Strategies Innovation 800 as one of the world’s most forward-thinking schools.

of the Class of 2018 achieving a score of 43 or more. For the upcoming graduating Class of 2019, 50% of the students joined CDNIS in Grade 1 or before, and stayed ever since. All CDNIS students, from Pre Reception to Grade 12, share life on one campus and are encouraged to maintain a balance between academics and extra-curricular opportunities. The school provides an incredibly diverse selection of extra-curricular activities for a school of its size as students can select to participate in more than 70 activities, service groups, clubs, performing groups or school sports teams. Curriculum: International Baccalaureate Secondary School Diploma

and

Ontario

As one of only six IB through-train schools in Hong Kong, CDNIS students also take the Ontario Secondary School Diploma. These two diplomas provide students with tremendous opportunities to secure university places with no additional academic burden. CDNIS students achieve some of the highest IB results in the world with 13 members

Tel: +(852) 2525 7088 Email: admissions@cdnis.edu.hk Fees: $111,800 to $198,800 Facilities: Please visit the website.

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INTERNATIONAL EDUCATION

English Schools Foundation 25/F, 1063 King’s Road, Quarry Bay, Hong Kong School Profile

Kindergartens

Secondary Schools

The English Schools Foundation (ESF) is the largest English-medium international school organisation in Hong Kong. Our 22 schools and comprehensive programme of extra-curricular activities bring out the best in every student through a personalised approach to learning and by inspiring curious minds. Our strategic intent is to be the key driver of best practice in teaching and learning. Our model of education is on the cuttingedge of global innovation producing excellent outcomes for our students.

ESF Abacus International

Island School

Kindergarten

www.island.edu.hk

ESF Hillside International

King George V School

Kindergarten

www.kgv.edu.hk

ESF Tsing Yi International

Sha Tin College

Kindergarten

www.shatincollege.edu.hk

ESF Tung Chung International

South Island School

Kindergarten

www.sis.edu.hk

ESF Wu Kai Sha International

West Island School

Kindergarten

www.wis.edu.hk

Primary Schools

All-through Schools

We have a family of 22 schools across Hong Kong, including five kindergartens, nine primary schools, five secondary schools, two all-through schools and a school for students with special education needs.

Beacon Hill School

Discovery College

www.beaconhill.edu.hk

www.discovery.edu.hk

Bradbury School

Vision and Mission

Renaissance College

www.bradbury.edu.hk

www.rchk.edu.hk

Our vision is for every student to be the best that they can be.

Clearwater Bay School

Our mission is to inspire creativity and nurture the global citizens and leaders of the future.

www.glenealy.edu.hk

We do this by creating joyful learning environments, led by a community of exceptional teachers who bring out the best in every child through a personalised approach to learning and by inspiring curious minds.

www.cwbs.edu.hk Glenealy School

For parents wishing their children to enter K1, Year 1 and Year 7, Central Application is open from 1 to 30 September of the year before they want their children to enter the school.

Jockey Club Sarah Roe School www.jcsrs.edu.hk

Kennedy School www.kennedy.edu.hk Kowloon Junior School www.kjs.edu.hk

ESF After School Programmes ESF Sports

Peak School

ESF Language & Learning

www.ps.edu.hk

ESF Playgroups

Quarry Bay School

Admissions

Special School

www.qbs.edu.hk

www.esf.org.hk

Sha Tin Junior School www.sjs.edu.hk

School zoning (www.esf.edu.hk/esf-zones/) applies to ESF primary and secondary schools based on residential address at the time of application. ESF International Kindergartens, Discovery College and Renaissance College remain zone free. Application to enter all year groups can be made at any time during the year. Applicants will be added to the waiting lists. Individual and Corporate Nomination Rights provide a fasttrack route for children into ESF schools, providing they meet the entry requirements. Curriculum Preschool (K1 & K2) & Primary (Years 1 to 6)

IB Primary Years Programme

Secondary (Years 7 to 11)

A broad range of GCSE* and International GCSE courses IB Middle Years Programme

Secondary (Years 12 to 13)

IB Diploma Programme Applied Learning Pathway IB Career-related Programme

*The full name of GCSE is the General Certificate of Secondary Education

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Tel: (852) 2574 2351 Fax: (852) 2818 5690 Email: info@esfcentre.edu.hk

www.esf.edu.hk AmChamHK

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INTERNATIONAL EDUCATION

German Swiss International School Peak Campus: 11 Guildford Road, The Peak, Hong Kong Pok Fu Lam Campus: 162 Pok Fu Lam Road, Pok Fu Lam, Hong Kong The German Swiss International School (GSIS) was founded in 1969 and is a leading private international school in Hong Kong with a reputation for the highest academic quality. Offering a through-train, co-educational model, GSIS educates around 1,300 students from diverse ethnic backgrounds. As a multiple-language school, GSIS operates two parallel streams teaching two curriculums, from Kindergarten to Secondary School and prepares for the German International Abitur and the International Baccalaureate Diploma Programme, following IGCSE examinations in Year 11. In addition there is the option to pursue a Dual System Professional Training through the school’s Business College. GSIS offers a rigorous academic programme within a vibrant, creative and caring community. Fostering an open-minded and engaged world-view, they guide their students towards becoming responsible, critical-thinking and self-assured citizens. The curriculum provides learning opportunities for every student commensurate to their needs, abilities and stage of development. They teach a programme that gives each student the opportunity to experience success, yet challenges them to achieve their full potential. GSIS provides enrichment through a wide range of extracurricular activities that form an integral part of the school programme. The school is certified by the German Federal Government as an “Excellent German School Abroad” and by the International Baccalaureate (IB) Organisation as an IB World School. Principal: Mr Ulrich Weghoff Peak Campus: +(852) 2849 6216 Pok Fu Lam Campus: +(852) 2849 6217 Email: info@gsis.edu.hk

www.gsis.edu.hk

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AmChamHK

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INTERNATIONAL EDUCATION

Hong Kong Academy 33 Wai Man Road, Sai Kung, Hong Kong with our faculty, students and parents. Parents are also integral to the school as volunteers, contributing more than 11,000 hours of their time in 2017-18 to support the school in various ways, whether in the classroom, the library, the theatre, or on the court with our athletes.

School Profile: HKA is an independent, international, non-profit IB World School offering the PYP, MYP and IB Diploma Programme for students from pre-Kindergarten through Grade 12. With an inquiry-based, concept-driven curriculum, HKA provides a well- rounded, learner-directed programme that incorporates research-based best teaching practices from around the world. At HKA, we believe that learning is an exciting endeavour where rigorous engagement is fun. Our students of every age are active inquirers who fully embrace learning in all its forms. With our small class sizes and low student:teacher ratios, our faculty get to know students as individuals and help them discover their own joy as lifelong learners. We challenge students to stretch beyond their comfort zones and apply their knowledge in ways that they find both personally and globally relevant. As a result, HKA students are empowered learners pursuing their pathways to individual excellence. They are creative thinkers, adept problem-solvers, and responsible global citizens who take action motivated by their interests, strengths and ongoing reflection.

HKA’s offerings now include a Playgroup for 2-3 year olds and accompanying adults. For this dynamic, hands-on, shared learning experience, our creative Early Childhood educators have adapted the IB framework to take young minds seriously and support children as makers of their own meaning. Our Playgroup includes Mandarin as a mirror language and activities led by our specialist teachers. Participants also have access to HKA campus resources such as our outstanding library and phenomenal outdoor Playscapes. And knowing that grown ups are learners, too, the Playgroup includes twice monthly learning opportunities for parents and carers led by HKA faculty and other experts.

Accreditation In addition to being an IB World School, HKA is accredited by The Western Association of Schools and Colleges (WASC) and the Council of International Schools (CIS). HKA also offers the Global Citizen Diploma (GCD), a high school credential that allows students to qualitatively describe their whole learning in the context of becoming a global citizen and making a contribution to the world.

Admission HKA warmly invites families to come and visit the school with their children and see what learning can be. If you would like to arrange a visit or want to learn more about the admissions process, please email us at admissions@hkacademy.edu.hk.

At HKA, teachers and parents engage actively in our dynamic learning community. Teachers take part in weekly professional development on campus, and visiting experts frequently visit our campus and share their knowledge

Tel: (852) 2655 1111 Email: admissions@hkacademy.edu.hk

www.hkacademy.edu.hk 51

AmChamHK

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INTERNATIONAL EDUCATION

Hong Kong International School 1 Red Hill Road, Tai Tam, Hong Kong School Profile Hong Kong International School is a leading private coeducational college preparatory school for students from Reception One (pre-kindergarten) to Grade 12. Since 1966, HKIS has provided an American-style education grounded in the Christian faith. We encourage student achievement in an inspiring environment, and our programs reflect the rich multi-cultural and international character of our student body. We are committed to delivering exceptional teaching, and continually evolve our programs and facilities to enhance our student experience. HKIS offers a warm and inclusive learning environment for over 2,800 students of 40 nationalities and diverse religious backgrounds. HKIS is an East Asia Regional Council of Schools member and is fully accredited by the Western Association of Schools and Colleges. Over 25 Advanced Placement subjects are available to High School students. HKIS provides educational excellence with a difference, emphasizing compassion and community service across all grades. HKIS courses challenge and inspire students to be lifelong learners and global citizens. Our graduates attend the top universities around the world, with close to 85% attending American institutions. HKIS seeks students who will not only benefit from the educational experiences we provide but will also actively contribute to our school community.

Tel: (852) 3149 7001 Email: admissions@hkis.edu.hk

www.hkis.edu.hk

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AmChamHK

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INTERNATIONAL EDUCATION

Shrewsbury International School Hong Kong 10 Shek Kok Road, Tseung Kwan O, Hong Kong

to develop balance and core strength. Music and Performing Arts are a traditional focus for Shrewsbury Students. They are supported by an Auditorium, a Recital Hall, a Dance studio and a plethora of teaching spaces equipped for the delivery of a programme designed to nurtures a life-long love of music. Further supplementing core lessons, students are also able to explore individual tuition through our Instrumental Music Programme.

School Profile: Shrewsbury International School Hong Kong is a specialist primary school centred around traditional British values and an innovative approach to teaching and learning. It opened in August 2018 and offers a wide range of provision for children aged between three and eleven, predominantly from an international background. The newest member of the Shrewsbury family, the school builds upon the reputation of its sister school, which was founded by Royal Charter in 1552 as one of Britain’s best reputed schools. Offering balance and breadth, staff at Shrewsbury International School Hong Kong are committed to ensuring that every child is happy, motivated and ready to achieve. A range of specialist facilities designed exclusively for the use of primary aged children ensure that the school is able to engage and inspire. It’s proud and committed community are passionate about delivering a legacy in tune with the great successes of their past.

Highlights

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Shrewsbury International School follows the English National Curriculum - adapted and developed to meet the needs of talented, multi-lingual, international student body. The majority of subjects and lessons are taught through a thematic framework that encourages immersive study, allowing students to see how the many curricular strands are connected. Daily Chinese language lessons are delivered to all students by a team of specialist teachers within a programme catering for children with a full range of prior experience. Sports facilities include a 90m indoor running track located above a generously proportioned Sports Hall, two swimming pools within an Aquatics Centre and a bespoke Gymnastics Centre for Excellence, which is equipped to a professional standard to allow children

Tel: +852 2480 1500 Fax: +852 2480 1231 Email: equiries@shrewsbury.hk

www.shrewsbury.hk AmChamHK

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INTERNATIONAL EDUCATION

Stamford American School Suites 4005-07, 40/F, Two Exchange Square, 8 Connaught Place, Hong Kong

Stamford American School Hong Kong offers an inspiring world of education for students aged 5 to 18 using an inquiry-based learning approach combined with rigorous American academic standards. Graduates receive an American diploma and the option of the IB Diploma*, both offering access to top universities worldwide. To prepare children for the future, starting from the age of 5, our pioneering STEMinn program (science, technology, engineering, math and innovation) develops critical skills needed for the 21st century by combining innovative projects with the latest technology. In addition to core subjects, our broad and balanced curriculum includes athletics, the arts, and a daily world language program (Mandarin or Spanish) or a bilingual option (Mandarin/ English) in Pre-primary to Grade 3. We offer a wide variety of after-school programs so every child can pursue their passion and interests.

Reaches Out (AERO) and Common Core Plus frameworks, culminating in the International Baccalaureate Diploma Program in Grades 11 and 12. We have a strong focus on a problem-based STEMinn (Science, Technology, Engineering, Mathematics & Innovation) program which is integrated into our curriculum to prepare our students for the challenges of tomorrow. We personalize learning and measure success with continual standardized MAPÂŽ assessments in Reading, Math and Science. We offer a strong foreign language program with bilingual (English/ Mandarin) or daily options in Chinese and Spanish. Stamford allows every child to achieve more than they believe they can by offering a well-rounded athletics and the arts curriculum and further development in our after school co-curricular activities. We inspire children with our highly-qualified faculty and Global Mentor program where our students have the opportunity to interact with world class achievers. We are committed to preparing our students for future success in any part of the world to continue to live, learn, and work.

Stamford American School Hong Kong is part of Cognita, a global leader in independent education with over 70 schools worldwide, including the Woodland Preschools in Hong Kong. Cognita is an extraordinary group of diverse yet connected schools joining forces in an inspiring world of education with one common purpose: building self-belief and empowering individuals to succeed. Curriculum Stamford offers an interdisciplinary approach-a standardsbased curriculum developed from the American Education

Tel: (852) 2500 8688 Email: admissions@sais.edu.hk

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AmChamHK

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INTERNATIONAL EDUCATION

Yew Chung International School 3 To Fuk Road, Kowloon Tong, Hong Kong School Profile

Age of Students

Founded in 1932, Yew Chung has been providing quality bilingual education to the learners of Hong Kong for over 85 years. Originally specialising in Early Childhood Education, Yew Chung International School (YCIS) now provides education from early childhood through primary and secondary culminating in the International General Certificate of Secondary Education (IGCSE) and International Baccalaureate (IB) Diploma Programme.

Early Childhood Education: 6 months -5 years Primary School (Year 1-6): 5 -11 years Secondary School (Year 7 -9): 11-14 years IGCSE (Year 10-11): 14-16 years IB Diploma (Year 12-13): 16-19 years

Global Education in YCIS YCIS offers the unique richness and diversity of both Eastern and Western cultures that equip children to be bilingual, global-minded, competitive, appreciative and caring global citizens. Students are nurtured in a multicultural environment with a fully rounded and balanced education which transforms them into global thinking individuals.

International Recognition YCIS - Secondary is authorised by the International Baccalaureate Organization (IBO) as an IB World School and is an approved authorised Cambridge International Examination (CIE) Centre. YCIS has received accreditation from Council of International Schools (CIS). Highlight of YCIS Global Education

Integrating East and West YCIS combines the best of Eastern and Western cultures by promoting fluency in two major world languages, creating a truly bilingual learning environment, providing courses of study in Eastern and Western philosophy. Co-Principals and Co-Teaching Models Two Co-Principals, one Western and one Chinese, serve as partners in the operations and administration of the school. In addition, two fully-qualified teachers, one Western and one Chinese, together plan lessons and conduct classes in the Early Childhood Education and Primary School, and providing excellent role models who respect and value one another’s culture. YCIS Education Programme

• • • •

A Bilingual focus within a multicultural environment will give your child the global mindset and intercultural competence they need for the 21st Century. Unique Co-Teaching and Co-Principals models help students to learn two cultures and give equal emphasis to both English and Chinese. YCIS integrates Character Formation programmes into our curriculum, focusing on developing positive qualities. Strong music programme enhances children’s reasoning skills, develops memory span, concentration and coordination. YCIS maintains 100% university placement with students admitted to top universities in Hong Kong and overseas.

YCIS’s international curriculum is based on the learning criteria and framework from the National Curriculum for England (NCE). The research based curriculum allows high standards and ease of transition for international students.

Tel: (852) 2338 7106 Email: admissions@ycef.com

www.ycis-hk.com 55

AmChamHK

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INTERNATIONAL EDUCATION

American International School 125 Waterloo Road, Kowloon Tong, Kowloon Founded in 1986, AIS is a private, independent, international day school delivering a high quality US standards-based academic program. Fully accredited by the Western Association of Schools and Colleges (WASC), AIS delivers a college-preparatory program that focuses not only on academic excellence but also the holistic development of every student through performing arts, athletics and community service. Learning is structured across 3 divisions: Elementary School (Early Childhood-Grade 4), Middle School (Grade 5- Grade 8), and High School (Grade 9-Grade 12). There is a strong focus on interdisciplinary projects with students having the opportunity to regularly present their learning. Students across the school also participate in a wide range of extra-curricular activities and clubs. The learning environment is positive, collaborative and focused on supporting students. The school remains proud of its founding values of Justice, Knowledge, and Love.

learning. The school has three large indoor flexible spaces used for a wide variety of events and activities including assemblies, performances, and exhibitions. The campus is fully wifi-connected and technology is actively used by all students across the school. School Hours Early Childhood 1 (half-day): 8:00-11:00am or 12:00-3:00pm Early Childhood 2-Grade 12: 8:00am-3:00pm

Curriculum US standards-based with a broad range of Advanced Placement courses in high school. The faculty is internationally diverse, highly qualified and passionate about students. Facilities The school has a 25-meter pool, a number of multipurpose sports courts and various spaces, including a newly designed garden that students and teachers use for

Tel: (852) 2336 3812 Email: admissions@ais.edu.hk

www.ais.edu.hk

Bebegarten Education Centre Unit 301-305, One Island South, 2 Heung Yip Road, Wong Chuk Hang, Hong Kong

passionate, experienced and qualified early childhood specialists who care about the happiness, well-being and development of every child. Bebegarten’s inclusive educational framework, ‘The Language of Children’ draws on inspiration from five global models and uses the British EYFS as a benchmark for development and learning. Our children are happy, confident, creative and capable and continue their journey to some of the most prestigious primary schools in Hong Kong and abroad. Classes are taught in English with bilingual (Mandarin/English) and Mandarin immersive options.

Bebegarten launched its high quality ‘platform for change’ in April 2013 and has become a leader in the Hong Kong early years’ arena. The custom-designed centre provides inspirational and progressive child-centred, inquiry- and play-based classes for ages 6 months to 6 years. The playgroups, nursery and enrichment programmes inspire the interests of every child whilst empowering each child to reach high! The teaching and management team are

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Curriculum: Language of Children Hours: Monday-Saturday, 08:30h – 17:00h Fees: Monthly, ranges from $1,800 - $10,500 Facilities: Spacious classrooms, art studio, 2 playgrounds, drama studio Ratio: Max.1:9

Tel: (852) 3487 2255 Email: info@bebegarten.com

www.bebegarten.com AmChamHK

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INTERNATIONAL EDUCATION

Kellett School, The British International School in Hong Kong 2 Wah Lok Path, Wah Fu Pok Fu Lam, Hong Kong & 7 Lam Hing Street, Kowloon Bay, Hong Kong

Kellett School was founded in 1976 as a not-for-profit Association by like-minded parents, in order to provide a high-quality British education to the English-speaking community in Hong Kong. Today, Kellett is a full throughtrain school, educating over 1300 students from 4 to 18 years. Following the English National Curriculum, Kellett offers a truly ‘outstanding’ education, as confirmed during a recent whole school BSO (British Schools Overseas) Inspection as well as exceptional public examination results. A broad curriculum, coupled with a wide variety of extra-curricular activities, ensures that all

Kellett students from Reception through to I/GCSEs and A-levels achieve their own personal bests. Principal: Ann Mc Donald

Tel: (852) 3120 0700 Pok Fu Lam Campus Fax: 2875 0262 Kowloon Bay Campus Fax: 2305 2292 Email: admissions@kelletschool.com

www.kellettschool.com

Renaissance College Hong Kong 5 Hang Ming Street, Ma On Shan, New Territories School Profile Renaissance College is a member of the English Schools Foundation (ESF). ESF is the largest provider of English medium international education in Hong Kong. Our vision is for every student to be the best that they can be. Our mission is to inspire creativity and nurture global citizens and leaders of the future. We do this by creating joyful learning environments, led by a community of exceptional teachers who bring out the best in every child through a personalised approach to learning and by inspiring curious minds. Our Scholarship and Financial Aid programme also enables students from all walks of life to enjoy this equal education opportunity without the financial constraint. Curriculum Renaissance College Hong Kong (RCHK) is a world-class coeducational independent school and an IB World School. It is the first school in East Asia to offer the IB Career-related Programme (CP), and one of the first eight schools worldwide to offer all four of the IB programmes: PYP, MYP, DP and CP. Students are educated from Year 1 to Year 13 on one site, guided and encouraged by a team of experienced international educators. Our student body comprises 39 nationalities, with 20 languages represented. English is the medium of instruction, with Mandarin taught at every level. Technology is integrated college-

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wide throughout the curriculum. Creativity, activity, service (CAS) are also integral to college life. Students participate in a myriad of artistic, musical, sporting and service activities conducted on-site and off-campus. Facilities The purpose-built campus provides the context for students to excel. State-of-the-art facilities include the Performing Arts Centre, ICT Centre, Black Box theatre, 25-metre indoor swimming pool, music rooms, library, science laboratories, gymnasiums, climbing wall, outdoor basketball courts, an outdoor sports field and cafeterias. Tel: (852) 3556 3556 Fax: (852) 3556 3446 Email: admissions@rchk.edu.hk

www.rchk.edu.hk AmChamHK

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THE LAST PAGE

Season’s Greetings from AmCham!

As AmCham nears its 50th anniversary, we are taking a deeper look into our past, not just to recognize how the chamber and its members helped shape the forces that transformed our planet – from shipping and global finance, to air travel and China’s engagement with the world trading system – but to remind ourselves of lessons learned and ask what they tell us about the path ahead. Oh, and to remember all the good times we enjoyed along the way.

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Can you help? If you, your family or your company have any photographs, documents or simply memories you would like to share, please get in touch at feedback@amcham.org.hk, +852 6291 8694 or tag us on Facebook, Twitter, LinkedIn or Instagram using the hashtag #AmCham50

AmChamHK

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AmChamHK

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OPEN HOUSE

Primary Education without compromise Find out how our personalised learning pathway establishes the foundations for successful lifelong learning

• Thematic British curriculum • 465 years of Shrewsbury heritage • Integrated Chinese language programme • Purpose built primary school • Primary teaching specialists • Personalised learning journey

CONTACT US:

Register to join an Open House event at Shrewsbury, or contact us to book a group or individual tour 60

2480 1500

communications@shrewsbury.hk 10 Shek Kok Road, Tseung Kwan O AmChamHK

12 • 2018


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