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CIMA Hong Kong Newsletter May 2011 1
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 Wednesday 8 June 2011Time 100-200pm Venue 12F The Chinese Club 21 to 22 Connaught Road Central Hong Kong Fee Chinese lunch at HK$120 per person Please settle your own bill Registration A table is reserved under Mr Yau Yin Kwan Joseph of CMA Canada If you are interested to join us please email yannielaucimaglobalcom
CIMA Hong Kong division Annual General Meeting
Date Tuesday 21 June 2011Time 630pm (cocktail reception) 700-730pm (AGM)Venue The Hong Kong Bankers Club 43F Gloucester Tower 11 Pedder Street the Landmark Central HKEligible 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 Tuesday 21 June 2011Venue Regal Hong Kong Hotel Causeway Bay Hong KongRundown 100-200pm registration and networking 200-230pm shared services organisations trends and practices in China 230-250pm Chengdu a preferred service outsourcing city in China 250-320pm back office strategies in Asia 320-350pm shared services center business plan and operations set-up 350-410pm coffee break 410-440pm launching a large scale shared services center in West China 440-510pm business process migration to China 510-540pm panel discussion opportunities and challenges of running a SSC in China 540-600pm QampA 600-630pm cocktailFees 20 complimentary ticketsCPD Three hours Registration 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 yannielaucimaglobalcom
UPCOMING EVENTS
HONG KONG
CIMA HONG KONG MAY 2011
2 CIMA Hong Kong Newsletter May 2011
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 Thursday 23 to Sunday 26 June 2011Itinerary Please refer to the Chinese enrolment form for more detailsLanguage Putonghua and Cantonese (Chinese only)Fee HK$4790person (share room) HK$5790person (individual room)CPD Eight hoursRegistration Places are limited so please download and complete registration form hereEnquiries 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 IQPCrsquos private equity event series backed by huge institutional LPrsquos
demand The CIMA-supported summit is a forum for year long discussion among institutional LPs and private
equity managers in the field
Date Wednesday 6 and Thursday 7 July 2011
Venue The Regent Taipei Taiwan
Fees amp Registration Please visit wwwprivate-equitytaiwancom
CPD Ten hours
Enquiries Please contact Sheryl Tan at +65 6722 9378 or email sheryltaniqpccomsg for more details
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 CIMArsquos 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
UPCOMING EVENTS
NEWS
CIMA Hong Kong Newsletter May 2011 3
Global Business Challenge competitionThe 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 ndash The Chinese University of Hong KongBravo ndash Hong Kong Polytechnic UniversityDreams ndash The University of Hong KongSagacity ndash The Chinese University of Hong KongArrow ndash The University of Hong Kong
NEWS
Supporting AssociationSponsor
Main conference 6 amp 7 July 2011 Pre-conference workshop 5 July 2011 Venue The Regent Taipei Taiwan
Profiting from private equity venture capital MampA investment opportunities in Taiwan following improved economic ties with China
Taiwan private equity investors and thought leaders who will speak at this summit includeC Y HUANGChairman MAPECT
Moses LeeVice ChairmanAVERMEDIA
Kenneth HaoManaging DirectorSILVER LAKE PARTNERS
Ben ChouVice PresidentWK TECHNOLOGY FUND
Wang XiaobinChairman POWER CAPITAL
Peter HsiehPartnerASIAVEST PARTNERS
Michael LH TsangManaging DirectorCHEPSTOW CAPITAL
Tsui-Hui HuangPresident amp CEOHOTUNG GROUP
Boris BongManaging Director SQUADRON CAPITAL ADVISORS LIMITED
Low Han SengExecutive DirectorUNITED OVERSEAS BANK
Lucian WuManaging DirectorPAUL CAPITAL PARTNERS
Hiu Chee FattTrust AdvisorLABUAN IBFC INC SDN BHD
Mark ChenHead of GE Equity Asia Pacific Senior Managing Director GE CAPITAL
Chris ChoyManaging DirectorQUAM ASSET MANAGEMENT
Andy TseManaging DirectorAIF CAPITAL
Alex YingManaging DirectorTHE CARLYLE GROUP
Silver Kung DirectorTARGET CAPITAL MANAGEMENT LTD
Thought-provoking topics specially catered for the benefit of investors who are interested in
Taiwan market watch Comprehensive collection of governmentrsquos perspectives on regulatory outlook key government initiatives and an analysis of Taiwanrsquos private equity investment climate Sector-specific analysis Detailed analysis of private equity opportunities in Taiwanrsquos hottest sectors including financial services technology pharmaceutical and clean-tech amongst others LPrsquos 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
Enjoy 15 DISCOUNTQuote ldquoMPCIMArdquo when you register
Email us enquiryiqpccomsgor visit our website
wwwprivate-equitytaiwancom for more details
PHONE (65) 6722 9388 FAX (65) 6720 3804 EMAIL enquiryiqpccomsg WEB wwwprivate-equitytaiwancom
Researched amp Developed by
STUDENT SERVICES
Study support resource maps available on CIMAglobal websiteA complete set of professional set study resource maps are now available to download at httpwwwcimaglobalcomStudents2010-professional-qualificationStudy-help-and-tuitionStudy-resources-from-CIMA
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
4 CIMA Hong Kong Newsletter May 2011
United International College visit ndash 28 April 2011
Dr Li Wing Sun Divisional Vice President and staff visited United International College UIC at
Zuhai A seminar on lsquoManagement accounting and accounting for modern management in Chinarsquo
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 ndash 7-9 May 2011
In early May the liaison office of the Central Peoplersquos 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 Chinas major tourist destinations The
Huangshan mountain range comprises many peaks some more than 1000 meters The tallest and
best-known peak is Lotus Peak (Lian Hua Feng 1864 m) which we gave a miss but we did venture
on a 5 hour hike upto Bright Summit Peak (Guang Ming Ding 1840 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 lsquoValuation for MampA transactions and its impact on financial reportingrsquo ndash 14 May 2011
On 14 May 2011 we jointly organised a seminar on the valuation for MampA transaction with AIA
The seminar addressed issues regarding valuation for MampA 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
HONG KONG PAST EVENTS
CIMA Hong Kong Newsletter May 2011 5
President opens new CIMA office in Hong Kong ndash 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 100pm 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 lsquoopening of a prosperous pathway for blooming businessrsquo 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 ndash 24 May 2011
This yearrsquos 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 30 March 2011Staff conducted a career talk at CUHK SCS 19 April 2011 Staff conducted a career talk at the University of Hong Kong 21 April 2011Staff attended IF information seminar organised by HKU SPACE 6 May 2011Staff conducted talk at IVE 12 May 2011Staff conducted talk at CUSCS 14 May 2011Staff attended the Entrepreneur day exhibition at HKCEC 20-21 May 2011Webinar on lsquoIslamic finance ndash challenges and opportunities for accountantsrsquo jointly organised by HKICPA 25 May 2011
HONG KONG PAST EVENTS
CONTACT USCIMA 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 hongkongcimaglobalcom wwwcimahongkongcom
Opening hours 930am-530pm (Monday-Wednesday Friday) 930am-700pm (Thursday)
2 CIMA Hong Kong Newsletter May 2011
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 Thursday 23 to Sunday 26 June 2011Itinerary Please refer to the Chinese enrolment form for more detailsLanguage Putonghua and Cantonese (Chinese only)Fee HK$4790person (share room) HK$5790person (individual room)CPD Eight hoursRegistration Places are limited so please download and complete registration form hereEnquiries 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 IQPCrsquos private equity event series backed by huge institutional LPrsquos
demand The CIMA-supported summit is a forum for year long discussion among institutional LPs and private
equity managers in the field
Date Wednesday 6 and Thursday 7 July 2011
Venue The Regent Taipei Taiwan
Fees amp Registration Please visit wwwprivate-equitytaiwancom
CPD Ten hours
Enquiries Please contact Sheryl Tan at +65 6722 9378 or email sheryltaniqpccomsg for more details
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 CIMArsquos 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
UPCOMING EVENTS
NEWS
CIMA Hong Kong Newsletter May 2011 3
Global Business Challenge competitionThe 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 ndash The Chinese University of Hong KongBravo ndash Hong Kong Polytechnic UniversityDreams ndash The University of Hong KongSagacity ndash The Chinese University of Hong KongArrow ndash The University of Hong Kong
NEWS
Supporting AssociationSponsor
Main conference 6 amp 7 July 2011 Pre-conference workshop 5 July 2011 Venue The Regent Taipei Taiwan
Profiting from private equity venture capital MampA investment opportunities in Taiwan following improved economic ties with China
Taiwan private equity investors and thought leaders who will speak at this summit includeC Y HUANGChairman MAPECT
Moses LeeVice ChairmanAVERMEDIA
Kenneth HaoManaging DirectorSILVER LAKE PARTNERS
Ben ChouVice PresidentWK TECHNOLOGY FUND
Wang XiaobinChairman POWER CAPITAL
Peter HsiehPartnerASIAVEST PARTNERS
Michael LH TsangManaging DirectorCHEPSTOW CAPITAL
Tsui-Hui HuangPresident amp CEOHOTUNG GROUP
Boris BongManaging Director SQUADRON CAPITAL ADVISORS LIMITED
Low Han SengExecutive DirectorUNITED OVERSEAS BANK
Lucian WuManaging DirectorPAUL CAPITAL PARTNERS
Hiu Chee FattTrust AdvisorLABUAN IBFC INC SDN BHD
Mark ChenHead of GE Equity Asia Pacific Senior Managing Director GE CAPITAL
Chris ChoyManaging DirectorQUAM ASSET MANAGEMENT
Andy TseManaging DirectorAIF CAPITAL
Alex YingManaging DirectorTHE CARLYLE GROUP
Silver Kung DirectorTARGET CAPITAL MANAGEMENT LTD
Thought-provoking topics specially catered for the benefit of investors who are interested in
Taiwan market watch Comprehensive collection of governmentrsquos perspectives on regulatory outlook key government initiatives and an analysis of Taiwanrsquos private equity investment climate Sector-specific analysis Detailed analysis of private equity opportunities in Taiwanrsquos hottest sectors including financial services technology pharmaceutical and clean-tech amongst others LPrsquos 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
Enjoy 15 DISCOUNTQuote ldquoMPCIMArdquo when you register
Email us enquiryiqpccomsgor visit our website
wwwprivate-equitytaiwancom for more details
PHONE (65) 6722 9388 FAX (65) 6720 3804 EMAIL enquiryiqpccomsg WEB wwwprivate-equitytaiwancom
Researched amp Developed by
STUDENT SERVICES
Study support resource maps available on CIMAglobal websiteA complete set of professional set study resource maps are now available to download at httpwwwcimaglobalcomStudents2010-professional-qualificationStudy-help-and-tuitionStudy-resources-from-CIMA
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
4 CIMA Hong Kong Newsletter May 2011
United International College visit ndash 28 April 2011
Dr Li Wing Sun Divisional Vice President and staff visited United International College UIC at
Zuhai A seminar on lsquoManagement accounting and accounting for modern management in Chinarsquo
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 ndash 7-9 May 2011
In early May the liaison office of the Central Peoplersquos 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 Chinas major tourist destinations The
Huangshan mountain range comprises many peaks some more than 1000 meters The tallest and
best-known peak is Lotus Peak (Lian Hua Feng 1864 m) which we gave a miss but we did venture
on a 5 hour hike upto Bright Summit Peak (Guang Ming Ding 1840 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 lsquoValuation for MampA transactions and its impact on financial reportingrsquo ndash 14 May 2011
On 14 May 2011 we jointly organised a seminar on the valuation for MampA transaction with AIA
The seminar addressed issues regarding valuation for MampA 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
HONG KONG PAST EVENTS
CIMA Hong Kong Newsletter May 2011 5
President opens new CIMA office in Hong Kong ndash 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 100pm 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 lsquoopening of a prosperous pathway for blooming businessrsquo 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 ndash 24 May 2011
This yearrsquos 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 30 March 2011Staff conducted a career talk at CUHK SCS 19 April 2011 Staff conducted a career talk at the University of Hong Kong 21 April 2011Staff attended IF information seminar organised by HKU SPACE 6 May 2011Staff conducted talk at IVE 12 May 2011Staff conducted talk at CUSCS 14 May 2011Staff attended the Entrepreneur day exhibition at HKCEC 20-21 May 2011Webinar on lsquoIslamic finance ndash challenges and opportunities for accountantsrsquo jointly organised by HKICPA 25 May 2011
HONG KONG PAST EVENTS
CONTACT USCIMA 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 hongkongcimaglobalcom wwwcimahongkongcom
Opening hours 930am-530pm (Monday-Wednesday Friday) 930am-700pm (Thursday)
CIMA Hong Kong Newsletter May 2011 3
Global Business Challenge competitionThe 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 ndash The Chinese University of Hong KongBravo ndash Hong Kong Polytechnic UniversityDreams ndash The University of Hong KongSagacity ndash The Chinese University of Hong KongArrow ndash The University of Hong Kong
NEWS
Supporting AssociationSponsor
Main conference 6 amp 7 July 2011 Pre-conference workshop 5 July 2011 Venue The Regent Taipei Taiwan
Profiting from private equity venture capital MampA investment opportunities in Taiwan following improved economic ties with China
Taiwan private equity investors and thought leaders who will speak at this summit includeC Y HUANGChairman MAPECT
Moses LeeVice ChairmanAVERMEDIA
Kenneth HaoManaging DirectorSILVER LAKE PARTNERS
Ben ChouVice PresidentWK TECHNOLOGY FUND
Wang XiaobinChairman POWER CAPITAL
Peter HsiehPartnerASIAVEST PARTNERS
Michael LH TsangManaging DirectorCHEPSTOW CAPITAL
Tsui-Hui HuangPresident amp CEOHOTUNG GROUP
Boris BongManaging Director SQUADRON CAPITAL ADVISORS LIMITED
Low Han SengExecutive DirectorUNITED OVERSEAS BANK
Lucian WuManaging DirectorPAUL CAPITAL PARTNERS
Hiu Chee FattTrust AdvisorLABUAN IBFC INC SDN BHD
Mark ChenHead of GE Equity Asia Pacific Senior Managing Director GE CAPITAL
Chris ChoyManaging DirectorQUAM ASSET MANAGEMENT
Andy TseManaging DirectorAIF CAPITAL
Alex YingManaging DirectorTHE CARLYLE GROUP
Silver Kung DirectorTARGET CAPITAL MANAGEMENT LTD
Thought-provoking topics specially catered for the benefit of investors who are interested in
Taiwan market watch Comprehensive collection of governmentrsquos perspectives on regulatory outlook key government initiatives and an analysis of Taiwanrsquos private equity investment climate Sector-specific analysis Detailed analysis of private equity opportunities in Taiwanrsquos hottest sectors including financial services technology pharmaceutical and clean-tech amongst others LPrsquos 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
Enjoy 15 DISCOUNTQuote ldquoMPCIMArdquo when you register
Email us enquiryiqpccomsgor visit our website
wwwprivate-equitytaiwancom for more details
PHONE (65) 6722 9388 FAX (65) 6720 3804 EMAIL enquiryiqpccomsg WEB wwwprivate-equitytaiwancom
Researched amp Developed by
STUDENT SERVICES
Study support resource maps available on CIMAglobal websiteA complete set of professional set study resource maps are now available to download at httpwwwcimaglobalcomStudents2010-professional-qualificationStudy-help-and-tuitionStudy-resources-from-CIMA
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
4 CIMA Hong Kong Newsletter May 2011
United International College visit ndash 28 April 2011
Dr Li Wing Sun Divisional Vice President and staff visited United International College UIC at
Zuhai A seminar on lsquoManagement accounting and accounting for modern management in Chinarsquo
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 ndash 7-9 May 2011
In early May the liaison office of the Central Peoplersquos 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 Chinas major tourist destinations The
Huangshan mountain range comprises many peaks some more than 1000 meters The tallest and
best-known peak is Lotus Peak (Lian Hua Feng 1864 m) which we gave a miss but we did venture
on a 5 hour hike upto Bright Summit Peak (Guang Ming Ding 1840 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 lsquoValuation for MampA transactions and its impact on financial reportingrsquo ndash 14 May 2011
On 14 May 2011 we jointly organised a seminar on the valuation for MampA transaction with AIA
The seminar addressed issues regarding valuation for MampA 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
HONG KONG PAST EVENTS
CIMA Hong Kong Newsletter May 2011 5
President opens new CIMA office in Hong Kong ndash 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 100pm 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 lsquoopening of a prosperous pathway for blooming businessrsquo 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 ndash 24 May 2011
This yearrsquos 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 30 March 2011Staff conducted a career talk at CUHK SCS 19 April 2011 Staff conducted a career talk at the University of Hong Kong 21 April 2011Staff attended IF information seminar organised by HKU SPACE 6 May 2011Staff conducted talk at IVE 12 May 2011Staff conducted talk at CUSCS 14 May 2011Staff attended the Entrepreneur day exhibition at HKCEC 20-21 May 2011Webinar on lsquoIslamic finance ndash challenges and opportunities for accountantsrsquo jointly organised by HKICPA 25 May 2011
HONG KONG PAST EVENTS
CONTACT USCIMA 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 hongkongcimaglobalcom wwwcimahongkongcom
Opening hours 930am-530pm (Monday-Wednesday Friday) 930am-700pm (Thursday)
4 CIMA Hong Kong Newsletter May 2011
United International College visit ndash 28 April 2011
Dr Li Wing Sun Divisional Vice President and staff visited United International College UIC at
Zuhai A seminar on lsquoManagement accounting and accounting for modern management in Chinarsquo
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 ndash 7-9 May 2011
In early May the liaison office of the Central Peoplersquos 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 Chinas major tourist destinations The
Huangshan mountain range comprises many peaks some more than 1000 meters The tallest and
best-known peak is Lotus Peak (Lian Hua Feng 1864 m) which we gave a miss but we did venture
on a 5 hour hike upto Bright Summit Peak (Guang Ming Ding 1840 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 lsquoValuation for MampA transactions and its impact on financial reportingrsquo ndash 14 May 2011
On 14 May 2011 we jointly organised a seminar on the valuation for MampA transaction with AIA
The seminar addressed issues regarding valuation for MampA 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
HONG KONG PAST EVENTS
CIMA Hong Kong Newsletter May 2011 5
President opens new CIMA office in Hong Kong ndash 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 100pm 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 lsquoopening of a prosperous pathway for blooming businessrsquo 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 ndash 24 May 2011
This yearrsquos 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 30 March 2011Staff conducted a career talk at CUHK SCS 19 April 2011 Staff conducted a career talk at the University of Hong Kong 21 April 2011Staff attended IF information seminar organised by HKU SPACE 6 May 2011Staff conducted talk at IVE 12 May 2011Staff conducted talk at CUSCS 14 May 2011Staff attended the Entrepreneur day exhibition at HKCEC 20-21 May 2011Webinar on lsquoIslamic finance ndash challenges and opportunities for accountantsrsquo jointly organised by HKICPA 25 May 2011
HONG KONG PAST EVENTS
CONTACT USCIMA 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 hongkongcimaglobalcom wwwcimahongkongcom
Opening hours 930am-530pm (Monday-Wednesday Friday) 930am-700pm (Thursday)
CIMA Hong Kong Newsletter May 2011 5
President opens new CIMA office in Hong Kong ndash 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 100pm 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 lsquoopening of a prosperous pathway for blooming businessrsquo 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 ndash 24 May 2011
This yearrsquos 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 30 March 2011Staff conducted a career talk at CUHK SCS 19 April 2011 Staff conducted a career talk at the University of Hong Kong 21 April 2011Staff attended IF information seminar organised by HKU SPACE 6 May 2011Staff conducted talk at IVE 12 May 2011Staff conducted talk at CUSCS 14 May 2011Staff attended the Entrepreneur day exhibition at HKCEC 20-21 May 2011Webinar on lsquoIslamic finance ndash challenges and opportunities for accountantsrsquo jointly organised by HKICPA 25 May 2011
HONG KONG PAST EVENTS
CONTACT USCIMA 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 hongkongcimaglobalcom wwwcimahongkongcom
Opening hours 930am-530pm (Monday-Wednesday Friday) 930am-700pm (Thursday)
