CIMA Hong Kong: Network news

HONG KONG

UPCOMING EVENTS CIMA social event – hiking at the Hong Kong Geopark We will be organising a hiking trip for members and students, a good chance to gather and exchange the joys of study and work. We will visit Ma Shi Chau an ideal location for studying strata, rock properties, sedimentation features and different geological compositions. The event packed day will include a lunch Shatin Lung Wah Hotel and lots of fun.

Date: Venue: Itinerary:

Fee:

Quota: Registration: Remarks:

Sunday 8 January 2012 Ma Shi Chau (Assemble/dismiss: Kowloon Tong MTR station) 09.15: Coach departs (assemble at Kowloon Tong MTR on Kent Road at Romantic Hotel) 10.00: Explore rock wonders at Ma Shi Chau 13.00: Depart for lunch (famous Lung Wah Pigeon) at Shatin Lung Wah Hotel 15.30: Disembark at Kowloon Tong HKD 70 for CIMA members/students HKD 200 for friends 50 persons Download the registration form and return by 23 December 2011 Places allocated on a first- come, first-served basis; CIMA reserves the right to change the details of the event.

CIMA supported ACT Cash and Treasury Management Conference Following the success of two previous ACT talkingtreasury thought-leadership forums in Hong Kong, this one-day conference will bring together treasury and finance professionals from across North Asia to share knowledge and expertise. Topics include: • the importance of effective liquidity management • cash flow and working capital optimisation • trade finance and the internationalisation of the RMB • the impact of changing regulation on businesses • emerging investment opportunities In a changing financial landscape, don’t miss this opportunity to engage with your fellow corporate treasurers to exchange views, share knowledge and refresh your thinking.

Date: Venue: Time: Fees: CPD: Registration:

Wednesday 11 January 2012 Renaissance Harbour View Hotel, Wanchai, Hong Kong 8.30am (registration), 9.00am-4.30pm (conference) HKD 2,750 (50% discounted rate for CIMA members) Eight hours Please register online before 23 December 2011

CIMA supports ‘Talent Development 2012’ organized by Kornerstone By attending the Talent Development Forum 2012, expert speakers and renowned panelists will guide you through practical examples and successful stories on how to invest and nurture the right talents to grow your organizations in this challenging year. Secure your seat now to get the right talent development strategy.

Date: Venue: Time: Fees: Registration:

Thursday 12 January 2012 Hong Kong Club Building, 15/F Charter Road, Central, Hong Kong 1.30 – 6.30pm HKD 980 http://www.kornerstone.com.hk/Events/Talent-development-Forum-2012_CIMA/

CIMA HONG KONG

CIMA Hong Kong Newsletter December 2011

DECEMBER 2011

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UPCOMING EVENTS CIMA supports ‘Asian Financial Forum 2012’ The HK SAR Government will be holding a global financial conference, the Asian Financial Forum (AFF) focuses on major issues, challenges and opportunities in the Asian region. The two-day event attracts some of the world’s most influential leaders in business, finance and government.

Date: Monday 16 and Tuesday 17 January 2012 Venue: Hong Kong Convention and Exhibition Centre, Hong Kong Fees: HKD 3,100 (50% discount by quoting the CIMA registration code TTM165) Registration: click here to register More information: www.asianfinancialforum.com

CIMA supported Anti-Corruption Asia Congress organized by the Beacon Events Please kindly be informed that the Anti-Corruption Asia Congress, organised by the Beacon Events and supported by CIMA. The congress will explore cutting-edge topics such as the impact of social media on compliance as well as developing psychological techniques.

Date: Tuesday 14 - Friday 17 February 2012 Venue: Renaissance Harbour View Hotel, Wanchai, Hong Kong Fees: USD 2495 (exclusive 15% discount is offered to CIMA’s member by quoting your reference number BH615CIMA15 when registering) Registration Please call 2219 0111 and register here with Beacon Events directly More information: Please download the brochure here to see the topic outline in more detail.

CIMA social event – simulation ‘refugee run’ jointly organised by Crossroads Crossroads has run the powerful simulation 'refugee run' in Davos, Switzerland, to coincide with the World Economic Forum 2011. Co-hosted by the UNHCR, the United Nations’ Refugee Agency, the event has seen participants such as the UN Secretary-General Ban Ki-moon, and British tycoon Sir Richard Branson, take part during previous years.

This simulation allows you to walk in the shoes of the 43 million refugees in our world today. Participants can experience life as a refugee, as they are uprooted from their homes and taken on a challenging journey. Also, there is the opportunity to shop at the largest fair trade shop in Hong Kong.

Date: Saturday 25 February 2012 Venue: Crossroads Village, 2 Castle Peak Road, Tuen Mun, Hong Kong Itinerary: 09.15am: assemble at Crossroads

10.00am: simulation starts

11.30am: sharing session

12.00pm: simulation ends Fees: Gratis (if you would like to make a donation to Crossroads Foundation, please contact hongkong@cimaglobal.com) Quota: 35 persons Registration: Please register online before 3 February 2012 More information: www.crossroads.org.hk

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CIMA Hong Kong Newsletter December 2011

NEWS Sustainability performance management: how CFOs can unlock value Sustainability can drive significant business benefits. But in many organisations, its value is not fully realised.

Robust sustainability performance management, driven by finance professionals, can be a key enabler to unlocking this value.

This report from CIMA and Accenture explores how robust sustainability performance management, driven by finance professionals, can drive value across a number of dimensions: • Revenue generation • Cost control • Building trust • Risk management

Assessors wanted for the 2012 Global Business Challenge competition The CIMA Global Business Challenge (GBC) is a unique international business competition developed with the aim of discovering and nurturing undergraduates around the world to become the future business leaders. Its success has made it one of CIMA’s annual flagship events and 2012 will be the fourth Global Business Challenge to date.

The competition is based on the CIMA T4 final exam. Participants are to write a business report based on the given scenario and the winning team will represent their university and Hong Kong to compete against representatives from other 21 regions at the global final in Sri Lanka. Reports submitted in March will be marked by a panel of assessors who are CIMA member. Each assessor would need to mark around ten reports and a briefing session would be given on how the marking should be done. After the marking of assessors at the first stage of competition, five teams will be shortlisted in April to proceed to the Hong Kong regional final in June.

With the rigours marking from previous HK assessors, two of GBC finals have been won by a Hong Kong team. So if you want share your management accounting experience and be part of selecting the team that represents Hong Kong, become an assessor by contacting Cherry Chu for more details at cherry.chu@cimaglobal.com or 2511 2003.

Opening hours during the festive season Please note that the CIMA Hong Kong office will be closed from 4.00pm for the Winter Solstice on Thursday 22 December 2011.

We will also be closed from Monday 26 December 2011 to Monday 2 January 2012 for the festive season. Normal operations will resume on Tuesday 3 January 2012.

Date Wed 21 Dec Thu 22 Dec Fri 23 Dec Sat 24 Dec – Mon 2 Jan Tue 3 Jan

Working hours normal (9.30 – 17.30) closed from 16.00 normal (9.30 – 17.30) closed normal (9.30 – 17.30)

For the Chinese New Year our open hours are: Date Fri 20 Jan Sat 21 Jan – Wed 25 Jan Thu 26 Jan

Working hours normal (9.30 – 17.30) closed normal (9.30 – 17.30)

CIMA Hong Kong Newsletter December 2011

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NEWS HOT JOB FOR THE MONTH Management Accountant (officer level) C&C Joint Printing, one of the leading international printers with headquarter in Hong Kong and production facilities in Hong Kong, Shenzhen, Shanghai & Beijing, is now inviting high caliber to join them as management accountant (officer level).

C&C Joint Printing For more details please click here.

Senior Accountant Edwin McAuley Electronics Ltd (EME) is a privately owned ODM manufacturing group with 1,500 staff in Hong Kong and Dongguan, PRC. She is looking for a candidate with minimum five years’ experience in either audit field or manufacturing industry (preferably with costing function).

Edwin McAuley Electronics Ltd For more details please click here.

Senior Consultant – Finance Shared Service Centre / CoE Lead/Senior Consultant – Finance Shared Service Centre (SSC) Senior Program Manager/Program Management Lead Consultant - SSC Resources Global Professionals, a US based and listed professional services firm is looking for candidates to the above vacancies Resources Global Professionals For more details please click here.

Act now to upload your CV to MyJobs and get your portfolio ready for quick application to appealing vacancies.

Recruiters please contact Mr Scott Lee at 3741 1956 or email scott.lee@cimaglobal.com for free job posting matters.

STUDENT SERVICES March 2012 Strategic level re-sits and T4 part B on PC We will be holding an extra diet of examination on PC for students that require to re-sit (students who have already taken the exam in previous diets) any of the strategic level papers. The T4 part B Case Study on PC will also be available on 28 February for all students who have completed the Strategic level. Please contact hongkong@cimaglobal.com for information on how to enter. The deadline for entries to all of these exams is 20 January.

Exam date 28 Feb 29 Feb 1 March 2 March 4

CIMA Hong Kong Newsletter December 2011

Paper T4 E3 enterprise strategy P3 performance strategy F3 financial strategy

CIMA Hong Kong Newsletter December 2011

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HONG KONG PAST EVENT Finance Oscars shine in Shanghai-CIMA Annual Awards advocates the power of finance The CIMA 2011 Annual Awards was held in Shanghai on 2 December 2011.

The Awards dubbed as the ‘Finance Oscars’ on the mainland comprises of seven categories and this years winners include executives from Haier, Ernst & Young, Maersk, Shenhua, Sina and Beiqi Foton Motor.

Mr Andrew Harding, CIMA Managing Director, congratulated the winners and he said, ‘As the world’s leading and largest professional body for management accountants, CIMA has, since it’s entering into China market, been striving to improve the governance of Chinese enterprises, promote the best practices of management accounting and increase the performance of Chinese corporations.’

The CIMA Quality Employers Partner Awards honour those CIMA key employer partners in China who have been instrumental in developing the country's finance profession and who, through their determination and dedication, deliver results that promote and develop the management

From left to right: Moderator: Vicky Li, North Asia Director, CIMA Panelists: David Lu, Venture Partner, SAIF Advisors Ltd., Chairman, Eminence Investment (China) Co., Ltd. Yu Zhengjun, CFO, Sina Jay Chen, CEO, China Venture Duke Chen, CFO, Kingdee Jaze Zhang, CFO, Giant Interactive Group

accountancy profession.

Networking seminar on franchising business Coming to the last CPD event of year 2011 we invited Mr Franco Lam, Chairman of Swisher China, a successful entrepreneur who grew his hygiene management business enormously in the past decade, to come and shed some light on how he developed a franchisee business in the Greater China region. He outlined that his business model filled in a gap that restaurants needed and it was not a cost leadership competitive advantage that made his business successful as one may expect but one of quality and customer service. His expansion into the mainland required an unconventional way of selecting franchisee that required them to be very hands on. He also noted that his business was not capital intensive so was immune to many of the challenges that manufactures or retails may encounter when doing business on the mainland.

The event held on Friday night 9 December 2011 attracted a crowd of over a hundred members and friends. From the active Q & A session at the end of the seminar we can see that the audiences found the seminar very interesting.

Thanks to all members and students who participated in this and also the past events. Without your support these functions could not have been so successful. We shall look forward to organising more interesting and enjoyable networking CPD events in the coming 2012.

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CIMA Hong Kong Newsletter December 2011

HONG KONG PAST EVENT CIMA Hong Kong Christmas Party CIMA Hong Kong organised a Christmas Party on 13 December 2011 at Rosedale on the Park Hotel. All members of the Hong Kong branch and other members who have contributed to the division during the year were invited to join the party as a token of appreciation for their volunteered work. Mr Richard Kenworthy, Chairman of CIMA Hong Kong, was delighted to deliver a welcome speech for the party. We would also like to thank Mr Peter Choy for donating a prize for our lucky draw.

The participants were thrilled with high spirits at the party and they all enjoyed the joyful moments that night.

Other past events and engagements Staff conducted GBC talk at HKUST

30 November 2011

Staff conducted GBC talk at Shue Yan

1 December 2011

Support seminar UK Bribery Act and doing business with UK organized by ICAC

5 December 2011

Staff conducted a talk at Ho Tung Secondary College

8 December 2011

Exhibition at MBA fair organised by A-performances

10 December 2011

Christmas Party

13 December 2011

Staff attended HKIHRM Annual Luncheon

14 December 2011

Staff conducted a talk at HKCT

19 December 2011

CONTACT US CIMA Hong Kong Division Suites 2005 Tower One Times Square 1 Matheson Street Causeway Bay Hong Kong T. +852 2511 2003 F. +852 2507 4701 E. hongkong@cimaglobal.com www.cimahongkong.com Opening hours 9.30am-5.30pm (Monday-Wednesday, Friday) 9.30am-7.00pm (Thursday)

CIMA Hong Kong Newsletter December 2011

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