Issue no. 542 (7 May 2015)
  Dear members/member practices,  
  Does the halo of Hong Kong retail market miracle fade?  

The aggregate of retail sales last year recorded the first decline on the year-on-year basis in a decade. At the Property, Infrastructure and Construction Interest Group seminar on 28 May, the general manager (leasing) of Sun Hung Kai Properties Group will provide updates on retail market and latest development of shopping centres in Hong Kong.

Promoting ethical behaviour of PAIBs

Click to see our comments on IESBA exposure draft on Proposed Changes to Part C of the Code Addressing Presentation of Information and Pressure to Breach the Fundamental Principles, which sets out possible actions that PAIBs may consider when confronted with issues concerning misleading information or pressure to act in ways that could breach the fundamental principles.


Adopt eTAX now to enjoy convenience

Consider filing your tax return through the IRD's eTAX, which helps keep track of your tax position and manage your tax affairs efficiently.

Corporate governance in emerging markets and opportunism in venture capital

The seminar on 28 May has two sessions: the first will look at researches that indicate good governance practice may not be universal; the second one will study why reputational risks can deter opportunistic behaviour in venture capital industry. +

Reminder: case studies on corporate finance

Don't miss the case study workshops on commercial lending and application of interest rate derivatives held between May and June. +

How ESG reporting can add value

The Hong Kong Institute of Directors' seminar on 28 May will talk about regulatory development in environmental, social and governance reporting and how it can add value to a company. Institute members get special rate. +

Come learn more about corporate social responsibility

Institute members get 20% discount for the CUHK's corporate social responsibility conference on 28 May by using the promotion code "CUPARTNER20". +

Merry Monday on China wines
At the June Merry Monday, speaker Peter Tong will introduce, for the first time, China fine wines from Shangri-la winery. He will also talk about wine tasting technique, wine investment and development of wine business in China.

Join a dance class to stay fit
The Jazz class in June is available for enrolment, while the new K-Pop MV dance will commence in mid-May.

Join the RSCP annual dinner on 23 May to enjoy sumptuous meals and mingle with members of other professional bodies. It will be held in conjunction with the RSCP singing contest, so come cheer for our CPA singers.

Don't miss the opportunity to perform in the CPA music night on 13 June. Solo, duo or group entries are welcome.

Last chance to join the badminton fun night on 15 May to play with the Institute team or learn from an experienced coach.

to CPD learning centre and events calendar for more activities.
Pocket guide on worldwide IFRS adoption published
The IFRS Foundation has updated its "IFRS as a Global Standards: a Pocket Guide" to provide an overview of IFRS adoption in 138 countries. +

What's next in IFRS
EY has published an update to provide an overview of upcoming changes in IFRS. +
Enjoy 2X reward gift points
Apply for the BOC HKICPA Platinum Card now and use it to settle your payment with the Institute to enjoy double bonus gift points.

Have your bridge skills measured
Take the challenge at the second mini bridge tournament on 13 June. If you are a BrIG member and wish to contend for the Bridge Interest Group trophy, you must participate in three of the four matches in 2015 season.

Bowling league begins in June
The bowling summer league will last 14 weeks from June to October. Form your own team or join as a team member of the bowling league.

Various enrolment deadlines extended
Please note the new deadlines for these events in May – snooker fun day and snooker training course, extended to 8 May; table tennis league, extended to 13 May.

Wine discount
Watson's Wine is offering 23% discount on two brands: Hirsch Vineyards (U.S.) and Hacienda Monasterio (Spain) until 31 May.

Quick links:
A Plus At-a-glance calendar
Technical resources Visit our website
SMP and SME resource centre Change personal information
CPD learning resource centre Email us
Hong Kong CPA Practice Directory See past e-circulars
HKICPA Source  

For general enquiry regarding content of this circular, please call 2287-7228.


If you require any technical assistance on this transmission, please contact IT support team at 2287-7800 or

Your personal data collected from the enrolment process and administration of courses will be used for the purpose of the administration of the course on which you are enrolled. Such data collected may be accessible by the Institute's officers, persons or committees processing the application and related matters. In addition, the Institute may use the collected data for statistical research and analysis and, if applicable, for validation of CPD hours. The Institute intends to use the personal data of your name, email address and correspondence address to inform you, where relevant, of CPD activities, members' benefits, goods, services, facilities and events organized or provided by the Institute or other organizations. Members and registered students may opt out of receiving such materials at any time by logging in here. Non-members may opt out of receiving such materials at any time by sending an email to the Institute at or a letter to the Institute's privacy officer. For more information about the privacy policy of the Institute, please click here.

Some sections contain information from outside sources. We endeavour to link to reputable sources but the Institute is not responsible for the accuracy of the content and the content does not necessarily represent the views of the Institute.

For merchandise discounts, please click here for terms & conditions.

This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Institute. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.