– Event 1 –
CY CPA firm was again invited by HKTDC to participate in the “Smart HK” exhibition held in Jinan International Convention & Exhibition Centre. Our managing director CY made a speech on “One belt One Road: the roles of Hong Kong” during the event and followed by an interview from the reporter of a popular local newspapar – Qilu Evening News (齊魯晚報). We shared our views on how Shangdong enterprises should utilize Hong Kong as a platform which will provide a favorable environment for future business growth.
Event Name: SmartHK
Location: Jinan International Convention & Exhibition Center
Date: 27 – 28 May 2015
The expo has provided us with a valuable opportunity to have a face to face discussion with numerous Shangdong enterprises across various sectors and gave us a key to understand how do these Chinese domestic companies expand their business out of China into the Global markets. We have received enthusiastic responses on the ‘Going out’ discussion, in which many of the companies have already started establishing branches in overseas. We believe one of the key success factors of these Shangdong enterprises is their pragmatic approach in dealing business and able to adjust their pace for market change from time to time.
While the Chinese government is putting more effort in helping these domestic companies to expand globally, we believe this will create more opportunities for their business development.
We are delighted and honored to participate in this event. A special thanks to Mr. Yang (Managing Director of YAGOOL) for his sharing and time.
– Event 2 –
Event Name: Shandong Hong Kong Economy & Trade Cooperation High-Level Round Table Meeting
Location: Hong Kong Convention and Exhibition Centre
Date: 1 September 2015
We were delighted that our managing director, CY Chan, was being invited to the Shandong Hong Kong Economy & Trade Cooperation High-Level Round Table Meeting which held on 1 September 2015. It was a privilege to be able to attend the luncheon meeting with Mr Xia Geng, Vice Governor of Shandong Province, to give our business view on the cooperation between Hong Kong and Shandong.
During the meeting, it has been discussed how the Chinese enterprises could utilize Hong Kong as a capital formation platform and to strengthen the financial collaboration between the two regions. The Made in China 2025 plan was also discussed, this is an initiative to move manufacturing up the value chain and to achieve much greater international brand recognition. It is anticipated that the plan will accelerate the transformation & upgrading of the manufacturing sector and will support the Shandong enterprises in the “going out” process. The conversation was valuable and a rewarding information exchange which gave us insight into future cooperation opportunity with the Chinese enterprises.
– Event 3 –
Event Name: CTA Conference 2015 – Positions of HK and China under the Global Tax Development
Location: Hong Kong Convention and Exhibition Centre
Date: 20th November, 2015
Our Director Ms. CY Chan has attended the CTA conference for the latest global tax development update. Agenda item included the latest Base Erosion and Profit Shifting (BEPS) development, permanent establishment redefinition, transfer pricing latest development, Hong Kong tax development under global tax requirement, and business opportunity under “One Belt One Road”.
During the conference, a brand new concept “Country-by-Country” (CBC) was discussed. European Union (EU) has started to modify the EU rules and the guidelines to align with the BEPS Action Plan recommendations. It is anticipated that the implementation of CBC will be able to strengthen the communication among countries and increase tax transparency of enterprises.
If you are interested into topics regarding BEPS, “One Belt One Road” or CBC concepts, please feel free to contact us for further information.
