News

Issue no. 687 (20 April 2018)

Dear members/member practices,

A notice from the Companies Registry on malpractices relating to money-lending transactions

The Companies Registry issued a notice to draw members' attention on the following content on professional conduct:

	be alert when advising on or preparing documentation for the creation of a mortgage when there is an existing prior mortgage on the property, ensure that there are no restrictions against further mortgages and advise clients to obtain consent before applying for subsequent mortgage(s);

	be alert to the relevant alienation restrictions imposed on a subsidized flat and relevant provisions of the Housing Ordinance when advising for the creation of a mortgage on subsidized flat; and


	protect the interests of intended borrowers by reminding clients not to pay any fees, charges, rewards or consideration, however named, before or after the granting of loans from a licensed money lender.

Preparing for PRC exam

The 2018 PRC CPA Uniform Examination is open for enrolment until 28 Apr. Study materials for the exam are available for order until 11 May.

Effective credit risk management for international trade

The seminar on 8 May will cover how to strengthen credit risk management over the entire sales process with the use of business information, and will also cover some real cases and the ways taken to minimize the risk through systematic credit policy.

FSIG seminar on artificial intelligence and loan portfolios management

The FSIG lunch seminar on 9 May will feature the Founder and CEO of FinEX Asia sharing her experience in using data analytics techniques and tools to select consumer loans and manage loan portfolios.

Mainland China tax conference

Come to the Mainland China tax conference on 19 May to learn how the latest Mainland tax developments are affecting Hong Kong and international businesses. It will also cover corporate income tax, transfer pricing and indirect tax.

New corporate finance courses

Seven new e-learning courses on corporate finance have been added to the e-Series. To help you delve deeper into the subjects, you may take some of these courses together with the face-to-face seminars at a discounted price.

Liaison meetings with Mainland China tax bureaux

The Institute's China Tax Subcommittee has recently held its annual liaison meetings with the Guangdong and the Shenzhen tax bureaux. The meetings notes in Chinese (simplified and traditional versions) are now available. The English version will be available once ready.


Reminders
	Gain skills needed to build, sustain and enhance team engagement levels at the soft-skills workshop on 27 Apr.

	Don't miss the MBIG cocktail reception on 4 May with the CFO of selfie app developer Meitu.

World Congress of Accountants

Network with accountants from around the world at the World Congress of Accountants in Sydney this November. Held every 4 years, the year's theme "Global Challenges | Global Leaders" will cover digital disruption, automation, sustainability and other technical topics. Register before 30 Jun to enjoy the early bird rates.

Belt and Road Summit 2018

Members can enjoy a special rate at the Belt and Road Summit “Collaborate for Success” on 28 Jun. Jointly organised by the Government of the Hong Kong SAR and the HKTDC, the summit highlights the close collaboration between businesses and the opportunities from the Belt and Road Initiative. Register online using the code "01BNR1830SOHKICPA" to enjoy the special offer.

Calling for Good MPF Employers

Applications for the Good MPF Employer Award 2017-2018, organized by the Mandatory Provident Fund Schemes Authority, are open. Find out more and submit your application online.

United Nations sanctions notices

Gazettal of Terrorists and Terrorist Associates under United Nations (Anti-terrorism Measures) Ordinance (Cap. 575) as designated by the Security Council 1988 Committee on
16 Feb 2017 and the Security Council 1267/1989/2253 Committee on 29 Mar 2018 respectively. The notice specifies the updated list of terrorists and terrorist associates and revokes the previous notice published in the Gazette on 16 Mar. Click here for the press release issued by the Security Council Committee.

Restructured Code of Ethics

The IESBA has issued the restructured International Code of Ethics for Professional Accountants. The Institute plans to adopt the restructured Code and will update the Members' Handbook in due course.

Invitation to comment

The Institute is seeking comments on the IASB Exposure Draft ED/2018/1 Accounting Policies Changes. Please submit your comments by 29 Jun.

Swimming classes

Enrol in our swimming classes every Tuesday or Thursday at Victoria Park Swimming Pool between May and July.

Golf Day at Phoenix Hill Golf Club

CPA basketball competition

Calling all basketball enthusiasts! Sign up for the CPA basketball competition and compete with your own teams.

Badminton technique training

RSCP annual dinner

Come mingle with members of other professional bodies and support our CPA singers at the RSCP annual dinner and singing contest on 26 May at the Hong Kong Academy of Medicine.


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