Issue no. 725 (17 January 2019)
  Dear members/member practices,  

Call for amazing teammates - Member Self-recommendation Scheme for Youth


The government launched the Member Self-recommendation Scheme for Youth (MSSY) in October 2017 to more widely scout for talent and encourage the participation of young people in policy discussion and debate. Given the positive feedback, MSSY now recruits twice a year. The next phase is open for applications until 28 Jan. If you are aged between 18 and 35, and interested in supporting Hong Kong's development, nominate yourself to become a member of one of the government advisory committees recruiting. Visit the scheme's webpage for further details.


Update on cross-border restructuring in the region

The lunch seminar on 30 Jan will cover the application of the modified test of Re Legend International Resorts Limited to Hong Kong provisional liquidators, the expansion of English common law on recognition in Hong Kong, and the proposed reform to the Cayman Islands legislation for provisional liquidators, with relevant case studies.

Global trade finance: Practical approach for accountants – case studies workshop
Join the workshop on 22 Feb to understand global trade and common financing and settlement methods and to identify key risks and mitigants faced by the parties involved.

Advanced Hong Kong Tax Course
The Advanced Hong Kong Tax Course starting on 23 Feb is a compulsory component of the Institute's Professional Diploma in Hong Kong Tax, which helps enhance your ability to analyse contemporary taxation issues and develop sound tax planning solutions. You can also take the course on a standalone basis to expand your tax knowledge. Join the demo lesson on 31 Jan to learn more and enrol in the course by 15 Feb.

PICIG seminar - Introduction to the Reverse Mortgage Programme
At the evening seminar on 28 Feb, Patrick Wong, Assistant Vice President of Hong Kong Mortgage Corporation Limited and Alan Tse, Vice President of Shanghai Commercial Bank, will talk about the development of the Reverse Mortgage Programme, as well as the product features, application guidelines and approval procedures. They will also share examples of the programme.

Don’t miss the seminar on 31 Jan to know more about beneficial ownership and Certificate of Resident Status in the Mainland.

The seminar on 13 Feb will focus on the current challenges faced by entrepreneurs and the key recommendations to address identified gaps in Hong Kong's entrepreneurial ecosystem.

Join the seminar on 22 Feb for some pointers on undertaking environmental due diligence to identify potential environmental risks and liabilities for the purpose of supporting mergers and acquisitions deals.

Institute's comments

The Institute has submitted comments on:

Inland Revenue (Profits Tax Exemption for Funds) (Amendment) Bill 2018

IASB Discussion Paper DP/2018/1 Financial Instruments with Characteristics of Equity

AML notice

Visit the Institute's anti-money laundering dedicated webpage for the updated lists of terrorists, terrorist associates and relevant persons/entities under United Nations sanctions.

CPA table tennis competition results

The CPA table tennis competition took place on 16 Dec and 13 Jan. Congratulations to the winners Dacky Leung (men's singles), Daphne Chan (women's singles), Kelvin Lam and Richard Leung (men's doubles), and Pauline Cheung and Johnny Choi (mixed doubles). Click to see results and photos.

3-on-3 basketball competition

Form a team and join the 3-on-3 basketball competition on 2 March to enjoy the challenge of this fast-paced game.

Singing technique classes

Enrol in the singing technique classes starting in February to improve your vocal techniques for singing pop songs. Join a class that suits your level. The stage performance technique class is also available to build your confidence on stage.


Join the bridge gathering on 15 Feb to improve your skills.


Quick links:

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Technical resources centre LinkedIn
SMP and SME resource centre See past e-circulars
CPD programmes At-a-glance calendar
Hong Kong CPA Practice Directory Change personal information
HKICPA Source Email us

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