Tax and Regulatory Conference 2017

Event Date: 
18 November 2017
Event Time: 
09:30 to 17:15

CPD Units: 6

Language: Cantonese (Supplemented with English PPT) 

The Tax and Regulatory Conference 2017 will focus predominately on providing insightful updates on both tax and regulation for the Hong Kong and Chinese market.

In addition to an array of noteworthy speakers AIA are delighted to announce that our CEO, Philip Turnbull and President, Les Bradley will be in attendance at the conference. They are greatly looking forward to opening proceedings on the day and networking with all of our members and delegates.



MORNING SESSION (9:30 - 12:30)


09:15 | Registration


09:30 - 09:45 | Opening Ceremony and Welcome Speeches

Les Bradley

AIA President, Les Bradley

Philip Turnbull

AIA Chief Executive, Philip Turnbull


09:45 - 10:15 | Hong Kong Regulatory Update 2017 - Overview

- The forthcoming changes to the regulation and development of the Hong Kong stock market as a result of:

    • The publication in September 2017 of the conclusions to the highly publicised SFC/HKEX joint consultation on proposed enhancements to the Stock Exchange’s decision-making and governance structure for listing regulation.
    • The publications in June 2017 by HKEX of a consultation paper on Review of GEM and Changes to the GEM and Main Board Listing Rules, and another related concept paper on the proposal to establish a new Exchange Trading Board.

- The enforcement trends in Hong Kong

- The ever-changing regulatory landscape.

Stephen Chan


Mr. Stephen Chan, FAIA, Director & Head of Risk, BDO Hong Kong and President of AIA Hong Kong Branch

Stephen is a director of BDO Hong Kong, Certified Public Accountants (the “Firm”), one of the largest audit firms in Hong Kong. He is the Firm’s Head of Risk and Chairman of the Risk Management Committee of the Firm.

He was the Executive Director and Technical Director of the Hong Kong Institute of Certified Public Accountants (HKICPA) for over ten years.


10:30 - 11:30 | Professional Liability - Typical Claims Against Accountants and Risk Considerations

- Professional Liability: typical claims against accountants and risk considerations

    • who might be able to bring a claim against accountants;
    • what most frequently gives rise to claims; and
    • what losses might be recovered by a claimant where there has been breach of duty. 

Samuel Hung


Mr. Samuel Hung, Associate, RPC

Samuel is a dispute resolution lawyer with a particular focus on defending claims against professionals including accountants, lawyers (solicitors and barristers), insurance brokers, financial advisers and property agents. He also advises professional service firms in relation to regulatory investigations and disciplinary proceedings, and provides risk management advice to them.  

Samuel was admitted in Hong Kong and in Australia (New South Wales). He is a solicitor at RPC, an international law firm based in the UK, Hong Kong and Singapore. One of RPC's key strengths is defending claims against accountants


11:30 - 12:30 | China Tax Update

Unlike 2016, the relevant PRC authorities at the central government level mainly introduced clarifications, updates or modifications of their existing circulars in the past few months in 2017.  In this session, the speaker will share with you the latest developments in respect of PRC tax and business regulations: 

1.    Subsequent clarifications on the industry specific issues and tax collection & administration issues in respect of the B2V reform

2.    New rules for special tax investigation adjustments and mutual agreement procedures

3.    The PRC’s series of measures to further boost foreign direct investment

 4.    New rules for Customs supervision

Leo Li


Mr. Leo Li, Principal, BDO Tax Limited

With more than 15 years’ tax experience, Leo has been providing a full range of corporate tax advisory services including expatriate tax, foreign investments, customs and foreign exchange services in China. He also has extensive experience in advising tax due diligence reviews on mergers and acquisitions and IPO projects.

Leo’s experience covers both international and local clients over a wide spectrum of industries including trading, manufacturing, logistics, business service and real estate development. Before joining BDO, Leo has spent seven years working in Shenzhen for a leading international accounting firm as a member of its Japanese service team.

Leo is fluent in Japanese. He is a member of the Hong Kong Taxation Institute and a Certified Tax Adviser in Hong Kong. He holds a Bachelor degree in Japanese. 


AFTERNOON SESSION (14:00 - 17:15)


13:45 | Registration


14:00 - 15:15 | Hong Kong Tax Update 2016/17

This session covers the tax update for the period from 1 April 2016 to 30 September 2017 with respect to amendments to the Inland Revenue Ordinance and Stamp Duty Ordinance, new tax cases and practice including the Inland Revenue Departmental Interpretation and Notes issued in the aforesaid period.

Patrick Ho


Mr. Patrick Ho, Tax Practitioner

Patrick is the principal lecturer of FTMS Training Systems (HK) Limited. He is a professional accountant and a barrister-at-law. He has accumulated over 35 years of taxation and teaching experience from international accounting firms, Inland Revenue Department and universities. He is the author of “Hong Kong Taxation and Tax Planning”.

Patrick holds a Bachelor degree in Law from University of London and a Master degree in Law and a MBA from The University of Hong Kong. He is currently a fellow member of the HKICPA and ACCA.


15:15 - 16:00 | Valuations

- Valuation in Corporate Transactions

    • Notifiable Transactions
    • SFC’s Guidance Note to Directors, Circular to FAs and Statement to Valuers

- Valuation of Business Enterprises & Intangible Assets

    • Cost Approach
    • Market Approach
    • Income Approach

- Valuation of Financial Instruments

    • Debt vs Equity
    • Derivative
    • Valuation Methodology & Models

William Yuen


Mr. William Yuen, Director, Ascent Partners

William is the Director of Ascent Partners Valuation Service Limited. He is a Certified Financial Risk Manager (FRM) and Chartered Financial Analyst (CFA). He holds a Bachelor of Science in Electrical Engineering and a Master of Science in Finance. William has over ten years’ experience in valuation of businesses, intangible assets and financial instruments for companies listed in Hong Kong, China, Singapore, Australia, US and UK. He is a frequent speaker in a variety of academic, professional and government institutions including Hong Kong Baptist University, Hong Kong Institute of Independent Non-Executive Director Association, Singapore Institute of Surveyors and Valuers, and Valuation and Property Services Department, Ministry of Finance, Malaysia.


16:15 - 17:00 | Latest Regulatory Development on AML/CFT for Designated Non-Financial Businesses and Professions

On 23 June 2017, the Hong Kong Government introduced a bill into the Legislative Council to amend the Ordinance in which the AML/CFT standards will be applied to solicitors and foreign lawyers, accountants, estate agents and trust or company service providers (collectively called designated non-financial businesses and professions, “DNFBPs”). It is expected that the revised Ordinance will come into operation on 1 March 2018 after passaging through the Legislative Council.  In this session, the speaker will explain the relevant AML requirements which would be applied to the DNFBPs.

Venice Lai


Ms. Venice Lai, Senior Manager, BDO Financial Services Limited

Venice has over 10 years of experience in providing regulatory and financial crime compliance advices and conducting a number of compliance review projects for several financial institutions. Venice has in-depth knowledge and experience in institutional ML/TF risk assessment, customer risk assessment, customer due diligence, sanctions screening, transaction monitoring, suspicious transaction investigation and reporting as well as AML/CFT trainings.  Venice is also an Associate AML Professional (“AAMLP”) designated by the Hong Kong Institute of Bankers.


17:00 - 17:15 | Closing Remarks and Thank You

 Stephen Chan



Click here to download a registration form.