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UPCOMING EVENTS Joint CIMA and CMA Canada monthly networking lunch The next casual networking lunch is open to all members and students of CIMA and CMA Canada. This is a good chance to catch up with old friends and meet new ones, so help us make this event enjoyable and bring your friends along, too! Date: Time: Venue: Fee: Registration:

Wednesday 8 June 2011 1.00-2.00pm 12/F The Chinese Club, 21 to 22 Connaught Road Central, Hong Kong Chinese lunch at HK$120 per person. Please settle your own bill. A table is reserved under Mr Yau Yin Kwan, Joseph of CMA Canada. If you are interested to join us, please email

CIMA Hong Kong division Annual General Meeting Date: Time: Venue: Eligible:

Tuesday 21 June 2011 6.30pm (cocktail reception), 7.00-7.30pm (AGM) The Hong Kong Bankers Club, 43/F Gloucester Tower, 11 Pedder Street, the Landmark, Central, H.K. All current ACMA and FCMA

CIMA supported Share Service Information Hub 2011 by CCH The CIMA supported Share Service Information Hub brings to you the latest in-depth perspectives and case sharing from leading practitioners in Greater China region, as well as the development of investment environment and talent supply in China West. Date: Venue: Rundown: Fees: CPD: Registration:

Tuesday 21 June 2011 Regal Hong Kong Hotel, Causeway Bay, Hong Kong 1.00-2.00pm registration and networking 2.00-2.30pm shared services organisations trends and practices in China 2.30-2.50pm Chengdu, a preferred service outsourcing city in China 2.50-3.20pm back office strategies in Asia 3.20-3.50pm shared services center business plan and operations set-up 3.50-4.10pm coffee break 4.10-4.40pm launching a large scale shared services center in West China 4.40-5.10pm business process migration to China 5.10-5.40pm panel discussion: opportunities and challenges of running a SSC in China 5.40-6.00pm Q&A 6.00-6.30pm cocktail 20 complimentary tickets Three hours This event is free of charge with limited seats. Interested parties please email your CIMA contact ID, full name, email address, company name and job title to Yannie Lau at


CIMA Hong Kong Newsletter May 2011

MAY 2011


UPCOMING EVENTS Four-day tour to Guangzhou-Wuhan CIMA members have been invited to join a networking opportunities in southern and central China by participating in the Guangzhou-Wuhan Tour. This four-day tour is jointly organised Accounting Resources Centre and CPA Australia. It aims to enhance delegates' understanding of recent economic developments in Guangzhou and Wuhan (Hubei Province), while also providing a platform to foster closer collaboration between Hong Kong industry professionals and mainland Chinese accountants and government bodies. Date: Itinerary: Language: Fee: CPD: Registration: Enquiries:

Thursday 23 to Sunday 26 June 2011 Please refer to the Chinese enrolment form for more details Putonghua and Cantonese (Chinese only) HK$4,790/person (share room), HK$5,790/person (individual room) Eight hours Places are limited so please download and complete registration form here Ms Tiffany Po / Ms May Wong on 2891 3312

Profiting from private equity, venture capital, mergers and acquisition opportunities in Taiwan following improved economic cooperation with China Private Equity Taiwan Summit 2011, part of IQPC’s private equity event series backed by huge institutional LP’s demand. The CIMA-supported summit is a forum for year long discussion among institutional LPs and private equity managers in the field. Date: Venue: Fees & Registration: CPD: Enquiries:

Wednesday 6 and Thursday 7 July 2011 The Regent Taipei, Taiwan Please visit Ten hours Please contact Sheryl Tan at +65 6722 9378 or email for more details.

NEWS CIMAs 2011 Global members salary survey CIMA will launch its third global salary survey for members in June. This is your opportunity to contribute to a survey which will establish a reliable benchmark of current and future salary potential for CIMA members both by industry sector and geographic location. It will provide employers with a salary reference point and will examine areas such as job satisfaction, retention and migration patterns. To take part in this survey, look out for your email invite or log on via CIMAsphere during June 2010. The results to this survey will be published later in the year. Note: Due to the size of CIMA’s member population in each country, the survey will only be sent to members working in Australia, Canada, China, Hong Kong, India, Ireland, Malaysia, New Zealand, Singapore, South Africa, Sri Lanka, United Arab Emirates, UK and USA.


CIMA Hong Kong Newsletter May 2011

NEWS Global Business Challenge competition The CIMA Global Business Challenge competition started in February 2011 and it attracted more than 140 teams from all universities in Hong Kong. Five finalists will present at the Hong Kong final to be held on 11 June 2011 at Hong Kong Polytechnic University SPEED. The winning team of the Hong Kong final then join the Global Final in Chengdu and compete against winning teams from 16 other regions. As the competition currently stands, thank you to all assessors and congratulations to the five Hong Kong finalist teams: Globeweavers Bravo Dreams Sagacity Arrow

– – – – –

The Chinese University of Hong Kong Hong Kong Polytechnic University The University of Hong Kong The Chinese University of Hong Kong The University of Hong Kong

STUDENT SERVICES Study support resource maps available on CIMAglobal website A complete set of professional set study resource maps are now available to download at The study resource maps contain hyperlinks to the various study support resources CIMA provide and details of the resources students should be accessing at each stage of their studies.

Enjoy 15% DISCOUNT

Quote “MPCIMA” when you register.

Main conference: 6 & 7 July 2011  Pre-conference workshop: 5 July 2011  Venue: The Regent Taipei, Taiwan

Email us @ or visit our website @ for more details.

Profiting from private equity, venture capital, M&A investment opportunities in Taiwan following improved economic ties with China

Taiwan private equity investors and thought leaders who will speak at this summit include: C. Y. HUANG Chairman, MAPECT Moses Lee Vice Chairman AVERMEDIA Kenneth Hao Managing Director SILVER LAKE PARTNERS Ben Chou Vice President WK TECHNOLOGY FUND Wang Xiaobin Chairman POWER CAPITAL Peter Hsieh Partner ASIAVEST PARTNERS

Michael LH Tsang Managing Director CHEPSTOW CAPITAL Tsui-Hui Huang President & CEO HOTUNG GROUP Boris Bong Managing Director, SQUADRON CAPITAL ADVISORS LIMITED Low Han Seng Executive Director UNITED OVERSEAS BANK Lucian Wu Managing Director PAUL CAPITAL PARTNERS Hiu Chee Fatt Trust Advisor LABUAN IBFC INC. SDN BHD

Mark Chen Head of GE Equity Asia Pacific Senior Managing Director, GE CAPITAL Chris Choy Managing Director QUAM ASSET MANAGEMENT Andy Tse Managing Director AIF CAPITAL Alex Ying Managing Director THE CARLYLE GROUP Silver Kung Director TARGET CAPITAL MANAGEMENT LTD

Thought-provoking topics specially catered for the benefit of investors who are interested in:  Taiwan market watch Comprehensive collection of government’s perspectives on regulatory outlook, key government initiatives and an analysis of Taiwan’s private equity investment climate

 Sector-specific analysis Detailed analysis of private equity opportunities in Taiwan’s hottest sectors including financial services, technology, pharmaceutical and clean-tech amongst others  LP’s perspective Understanding how institutional investors view Taiwan as a private equity investment market and how it fits into their investment portfolio.

 Taiwan private equity think-tank Experienced Taiwan private equity investors will evaluate current trends, investment models, exit strategies, deal flow and future opportunities in private equity investment into Taiwan.

 Get deals done Over 6 hours of networking opportunities plus a dedicated speed networking session that will allow you to meet and exchange ideas with institutional LPs and private banks.


Supporting Association

Researched & Developed by

CIMA Hong Kong Newsletter May 2011 PHONE: (65) 6722 9388  FAX: (65) 6720 3804  EMAIL:  WEB:


HONG KONG PAST EVENTS United International College visit – 28 April 2011 Dr Li Wing Sun, Divisional Vice President and staff visited United International College UIC at Zuhai. A seminar on ‘Management accounting and accounting for modern management in China’ conducted by Dr Li to UIC students. This seminar explored the development of the science of Management Accounting, and provided with insights for growing importance of management accounting in China. Dr Li also gave a personal sharing as a CFO in China and highlighted the role of management accounting in his career.

HK accountants trip to Huangshan – 7-9 May 2011 In early May the liaison office of the Central People’s Government in HKSAR organised a trip to one of the most scenic places in China, Huangshan. There were 16 accounting related organisations who took part with our Dr WS Li, Divisional Vice-President and Damian Yip, Divisional Director representing CIMA. The location was selected as it provided a strong Chinese heritage but also a leisure surrounding to discuss some current issues including the Hong Kong economy, the political climate, the next elections for the chief executive and the of grooming the next generation of accountants. Each organisation had a chance to express their views towards these topics and also listen to some feedback from the liaison office. For those who have never been to Huangshan, it is a mountain range in southern Anhui province in eastern China. It is especially well known for its scenery, sunsets, granite peaks and Huangshan Pine trees. It is also a UNESCO World Heritage Site and one of China's major tourist destinations. The Huangshan mountain range comprises many peaks, some more than 1,000 meters. The tallest and best-known peak is Lotus Peak (Lian Hua Feng, 1,864 m) which we gave a miss but we did venture on a 5 hour hike upto Bright Summit Peak (Guang Ming Ding, 1,840 m). Joining the trip was Philip Tsai, President of HKICPA as the trip leader and the Hon Paul MP Chan, Legislative Councillor (Accountancy) as the trip consultant.

Joint seminar on ‘Valuation for M&A transactions and its impact on financial reporting’ – 14 May 2011 On 14 May 2011, we jointly organised a seminar on the valuation for M&A transaction with AIA. The seminar addressed issues regarding valuation for M&A transactions including the regulatory framework in Hong Kong, and highlighted its impact on financial reporting. It also provided an introduction to business valuation, its fundamentals and methodologies. This wonderful event received a full-house with over 90 participants.


CIMA Hong Kong Newsletter May 2011

HONG KONG PAST EVENTS President opens new CIMA office in Hong Kong – 23 May 2011 According to Feng Shui (an ancient Chinese system of aesthetics believed to use the laws of both Heaven and Earth to help one improve life by receiving positive), at 1.00pm on the 23 May 2011 was suppose to be a very good date and time to start business.? Coincidently the new Hong Kong office was officially open by the George Glass, President on his recent trip to the territory.? The ribbon cutting ceremony was followed by a traditional roast pig-cutting ceremony signifying the ‘opening of a prosperous pathway for blooming business’. Attending the event were our honourable officers and also some fellow members of our institute. The office now meets our futures needs as if occupies a larger premise in Causeway Bay, one of the busiest places in Hong Kong. The new Times Square office is easily accessible to people living across the territory, especially with the cross harbour bus stops and MTR just at our footstep. The new premises provides adequate space for small classes for students and seminars for members in additional to a better layout for staff to work in.

CIMA Hong Kong annual dinner – 24 May 2011 This year’s annual dinner has attracted over 100 guests, and we were so pleased to have Mr George Glass, CIMA President, flying all the way from UK to attend the fantastic event. On the other hand it was a great pleasure to have Mr Paul Chan Mo-po MH JP, Legislative Councillor of HKSAR being our honourable guest and distinguished member for the night. The presence of Mr Chai, Division Chief of the Central Government Liaison Office, corporate partners HSBC and Jardine Matheson, and the other representatives from the educational institutions and professional bodies also added more colours to the event. Highlights of the event included invaluable sharing from George and Paul, prize presentations to newly qualified FCMA, ACMA finalists and students with best exam results, and several interesting and exciting games and lucky draws. Congratulations to all the award and prize winners and we hope to see you all again next year!

Other past events and engagements Staff conducted a career talk at Hong Kong Polytechnic University SPEED Staff conducted a career talk at CUHK SCS Staff conducted a career talk at the University of Hong Kong Staff attended IF information seminar organised by HKU SPACE Staff conducted talk at IVE Staff conducted talk at CUSCS Staff attended the Entrepreneur day exhibition at HKCEC Webinar on ‘Islamic finance – challenges and opportunities for accountants’ jointly organised by HKICPA

30 March 2011 19 April 2011 21 April 2011 6 May 2011 12 May 2011 14 May 2011 20-21 May 2011 25 May 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. Opening hours 9.30am-5.30pm (Monday-Wednesday, Friday) 9.30am-7.00pm (Thursday)

CIMA Hong Kong Newsletter May 2011


CIMA Hong Kong's May 2011 newsletter  

Please read CIMA Hong Kong's May 2011 newsletter.

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