2O13 YEAR IN REVIEWCPA AUSTRALIA HONG KONG & MACAU

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ABOUT CPA AUSTRALIA

Founded in 1886, CPA Australia is one of the world’s largest professional accounting bodies, representing over 150,000 members across 121 countries.

CPA Australia actively contribute thought leadership and positive influence to the accountancy profession and we are committed to delivering world-class service to our members by providing excellent training and development to help them progress forward in their career.

2013’s theme: “Building a brighter tomorrow” was set out by the Greater China Office. This vision has been splendidly accomplished through a diverse range of innovative initiatives. The achievements in 2013 have definitely driven us forward to a new height.

CPA Australia designation continues to be a symbol of strategic business leadership. With our persistent diligence in sustaining our members’ professional development, recognition and standing, the CPA Australia designation will continue to be a valuable recognition across the global market.

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The Hon Kenneth Leung, Legislative Councillor, Accountancy Functional Constituency of HKSAR with Paul Tighe, Australian Consul-General, Hong Kong & Macau and the Greater China divisional councillors.

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CPA CONGRESS: A WORLD OF OPPORTUNITY

CPA Australia plays a major role in motivating information and thought leadership in the global business arena. Our annual CPA Congress is recognised for featuring high-calibre business experts from varied industry backgrounds who would

share their strategic and leadership foresights on global business trends, opportunities and innovativeness.

Held on 1 November, over 400 delegates came to the CPA Congress in Hong Kong. The opening ceremony was officiated

by Paul Tighe, Australian Consul-General for Hong Kong & Macau; Professor The Honourable KC Chan, Secretary for Financial Services and the Treasury, HKSAR Government; and Po Chung, co-founder of DHL International.

CPA Congress: (left to right) CEO panel speakers: Alex Malley – Chief Executive of CPA Australia, Bernard Chan – President of Asia Financial Holdings, Ricky Wong – Chairman of Hong Kong Television Network, Richard Lancaster – Chief Executive Officer of CLP Holdings, Peter Lee – Managing Director of Veco Invest (Asia).

Congress speaker: Professor Frederick Ma GBS JP, answering questions from the media.

CPA CONGRESS: LARGEST ACCOUNTING CONFERENCE IN THE SOUTHERN HEMISPHERE WITH OVER 10,000 DELEGATES A YEAR

STUDENT ENGAGEMENT AND CAREER DEVELOPMENT

CPA Australia is committed to providing premier career support for students to help them increase their competitiveness in the job market. Creative career events were organised throughout the year to cultivate students with strategic thinking and leadership skills.

Aligning with the digital era, CPA Australia established an innovative online community – The Naked CEO, which offered students with 24-hours of infinite career mentoring from our Chief Executive – Alex Malley and other prominent business leaders.

Another fresh initiative launched in 2013 was the Naked CEO Boardroom Competition. The competition was hosted globally and six students with the best career question for Alex were selected to meet him in person in Melbourne.

Continuing our commitment in supporting students’ career development, numerous career enrichment workshops were hosted to enhance students’ communication skills, CV writing techniques and presentation competence.

A number of “Meet-the-Masters Career Forums” were held this year to give students the opportunities to meet with distinguished professionals from different industries who provided them with constructive guidance on career planning. CPA Australia also hosted the Mentor Access Program (c-MAP) for students to gain comprehensive career information from leading professionals in the finance and accounting industry.

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OVER 1 MILLION SUBSCRIBERS TO THE NAKED CEO WEBSITE

CPA AUSTRALIA CAREER EXPO

Hong Kong’s economic growth remained buoyant in 2013 and career opportunities stayed strong for the finance and accounting professionals.

For nine successful years, CPA Australia’s Career Expo remained as the largest accounting and finance recruitment event in Hong Kong. The expo attracted over 1000 students, fresh graduates and professionals to attend as it offered

the perfect platform for them to meet directly with major employers for career consultations and opportunities.

CPA Australia will continue to deliver ample support for our members’ career development in 2014.

Divisional councillors: (left to right) Bernard Poon and Thomas Wong, have alwaysbeen inspirational role models for students.

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CPA AUSTRALIA HOSTED THE WORLD’S LARGEST BUSINESS SPEED NETWORKING EVENT

Achieving a world record is an incredible triumph! On 18 September 2013, CPA Australia assembled over 400 mentors and mentees together in the Hong Kong Convention and Exhibition Centre and made an official attempt at breaking the Guinness World Records in the category of the world’s largest business speed networking event - single venue.

A remarkable evening for all the mentors and mentees who participated as they exchanged contacts and insights on accounting knowledge and experiences throughout the evening while taking part in making history.

An astounding evening marked complete with the presentation of the Guinness World Records

Certificate by the official Guinness World Records Adjudicator who announced that CPA Australia has successfully become the new Guinness World Records holder for the largest business speed networking event.

Breaking a World Record: Divisional councillors and Deborah Leung receiving the Guinness World Records Certificate from the official adjudicator, Charles Wharton.

CPA AUSTRALIA BREAKS A GUINNESS WORLD RECORD

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STRATEGIC ALLIANCES WITH OTHER PROFESSIONAL BODIES

With the goal of further expanding the career prospects of CPA Australia members in the accountancy profession in China, CPA Australia and The Taxation Institute of Hong Kong (TIHK) signed a new Memorandum of Understanding (MOU) in November. The MOU acknowledges those who have completed either the Hong Kong or the PRC Tax paper of the Certified Tax Adviser Qualifying Examination conducted by TIHK (CTA) to receive exemption in the Advanced Taxation segment of the CPA Program.

The agreement marked a significant milestone for CPA Australia and The TIHK, the collaboration has broadened the opportunities of CPA Australia members in Hong Kong and China.

MOU signing ceremony: (seated from left) Peter Lee, Alex Malley, Joseph Yau – TIHK President; and Philip Hung – TIHK immediate past president. Jeff Hughes, Deborah Leung and divisional councillors at the second row.

NEW PARTNERS IN RECOGNISED EMPLOYER PROGRAM

CPA Australia’s Recognised Employer Program was introduced in 2011 to acknowledge employers who demonstrate a commitment in supporting their staff’s professional development.

The program continued to grow from strength to strength since its implementation. In 2013, there is an accumulation of over 300 distinguished employers participating in the program globally.

CONTINUING PROFESSIONAL DEVELOPMENT FOR OUR MEMBERS

Being one of the world’s leading professional accounting bodies, CPA Australia places great emphasis on delivering top-quality education and training to enhance our members’ professional development.

In 2013, over 150 Continuing Professional Development (CPD) seminars and workshops were organised in Hong Kong and Macau, providing members with over 500 hours of technical, business, personal effectiveness and leadership skills training and knowledge.

OVER 150 CPD EVENTS. OVER 6,000 ATTENDEES. OVER 500 CPD HOURS.

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EXCHANGE AND STUDY TOURS TO YUNNAN AND QIANHAI

Supported by the Liaison Office of the Central People’s Government in HKSAR, CPA Australia organised two commendable tours to China this year. The tours offered an exclusive opportunity for our members to meet with the top accounting and finance officials in China.

Keeping up with the developments in China, CPA Australia organised a tour to Qianhai in April.

Our members met with the prominent representatives from the Shenzhen Stock Exchange and also the Authority of the Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone. Our members received ample information on Qianhai’s capital market framework, infrastructure, financial and tax policies and new business opportunities.

A tour to Yunnan was also conducted in May, CPA Australia members met with the distinguished representatives from the Department of Finance of the Yunnan Province and the Yunnan Institute of Certified Public Accountants.

Exchange and Study Tour to Yunnan.

SPOTLIGHT EVENTS AND NETWORKING ACTIVITIES

Caring for our members on the social level, CPA Australia has been regularly organising networking events such as health seminars, wine tasting workshops, cocktail receptions, baking parties and sporting activities for our members. These events encouraged our members to maintain a balanced lifestyle and could also help them expand their friendship groups and business networks.

Keeping our members motivated is an important goal for CPA Australia. In June, we invited the charismatic Starry Lee - an accountant by profession and a Legislative Councillor and Executive Councillor of HKSAR by passion, Starry shared her inspirational story on how she integrated her accounting career with her community works.

Spotlight+ Evening Seminar: Divisonal Deputy President, Charles Wong with The Hon Starry Lee, Legislative Councillor of HKSAR.

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INFLUENCE AND THOUGHT LEADERSHIP ON GOVERNMENT POLICIES

Making a positive influence to the society, CPA Australia continues to harness the expertise of our members to contribute thought leadership on important issues relating to government policies and the business community on behalf of the accounting profession.

This year, commentary panels for the policy and budget address were held along with three surveys on the upcoming economic outlooks, small business trends and the human capital movements.

The results were addressed to the government, business community and media.

Submissions were also made to the government on the review of the Conceptual Framework of Financial Reporting and possible improvements on the Corporate Insolvency Law in Hong Kong.

CPA Australia will continue to provide thought leadership on policy developments and advocacy activities in order to build a brighter tomorrow for the society.

2013 Divisional President – Peter Lee, speaking at the Hong Kong Economic Sentiment Survey 2014.

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MEMBERS’ ACHIEVEMENTS, CONTRIBUTIONS AND RECOGNITIONS

CPA Australia is committed to providing the best services to our members; this would not have been possible without the relentless contributions of some of our much respected members.

In 2013, several prestigious awards were presented to selected individuals for their noble service to CPA Australia throughout the years.

• Lifetime Achievement Award - Mr Robert Lee (Divisional President 1986)

• Board of Directors Award for Outstanding Service - Mr Francis Chan (Divisional President 1989)

• Board of Directors Award for Outstanding Service - Mr Michael Chan (Divisional President 1997)

• Divisional President’s Award for Excellence – Mr Bernard Poon (Divisional President 2012)

Bernard Poon (center), receiving the Divisional President’s Award for Excellence from The Hon Kenneth Leung and Peter Lee.

Francis Chan (center), receiving the Board of Directors Award for Outstanding Service.

Robert Lee receiving the Lifetime Achievement Award from Peter Lee.

Michael Chan (center), receiving the Board of Directors Award for Outstanding Service.

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CARING FOR THE COMMUNITY AND MAKING A DIFFERENCE TO THE SOCIETY

CPA Australia has been awarded as a Caring Company for the past ten years; our mission is to make a positive contribution for the underprivileged children in Hong Kong and also teach our members about the importance of corporate social responsibility.

Since 2012, CPA Australia’s Young Achievers Committee has been organising a Christmas Carnival for the underprivileged children with the goal of raising funds and bringing love to them.

Over 500 children attended the Christmas Carnival this year to enjoy the fun and games organised by our members.

CPA Australia’s contribution to the community has not gone unnoticed. In 2013, CPA Australia was elected as one of the top finalists for the prestigious CSR award - “The Outstanding Partnership Award”.

Young Achievers Committee members and divisional councillors, Ivan Au and Kenneth Chen, at the Christmas Carnival 2013.

Ivan Au, Chairman of the Young Achievers Committee, giving presents to the children at the Christmas Carnival 2013.

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GREATER CHINA DIVISIONAL COUNCIL

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CHINA COMMITTEE PRESIDENTS

HONORARY ADVISERS AND REPRESENTATIVE

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GREATER CHINA DIVISIONAL COUNCIL

1 Peter Lee FCPA (Aust.) President

2 Charles Wong FCPA (Aust.) Deputy President

3 Ronald Yam FCPA (Aust.) Deputy President

4 Bernard Poon FCPA (Aust.) Councillor

5 Ivan Au FCPA (Aust.) Councillor

6 Sebastian Bombaci FCPA (Aust.) Councillor

7 Jeffrey Chan FCPA (Aust.) Councillor

8 Kenneth Chen FCPA (Aust.) Councillor

9 Tatyana Klauzner FCPA (Aust.) Councillor

10 Derek Lai FCPA (Aust.) Councillor

11 Thomas Wong FCPA (Aust.) Councillor

12 Patrick Yeung FCPA (Aust.) Councillor

13 Sarah McGrath FCPA (Aust.) Adviser on Tax Affairs

14 Vivian Sun FCPA (Aust.) Adviser on Corporate Affairs

15 Marcellus Wong FCPA (Aust.) Adviser on China & External Affairs

16 Deborah Leung FCPA (Aust.) General Manager – Greater China CPA Australia

CHINA COMMITTEE PRESIDENTS

17 Kevin Ng FCPA (Aust.) Beijing Committee President

18 Danny Tong FCPA (Aust.) Shanghai Committee President

HONORARY ADVISERS AND REPRESENTATIVE

19 Denis Vong FCPA (Aust.) Honorary Macau Representative

20 Keegan Cheang FCPA (Aust.) Honorary Macau Adviser

21 Elic Lam FCPA (Aust.) Honorary Taiwan Adviser

22 Ivan Lo FCPA (Aust.) Honorary Nanjing Adviser

23 Michael Ma FCPA (Aust.) Honorary Guangzhou Adviser

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Opening Ceremony of the CPA Congress: (Second from left) Professor The Hon KC Chan - Secretary for Financial Services & Treasury with Paul Tighe - Australian Consul-General, Hong Kong & Macau and Po Chung - Co-founder of DHL International.

CPA Congress: (center) Professor The Hon KC Chan with Paul Tighe, Alex Malley, Peter Lee, Professor Richard Petty and the divisional councillors.

Human Capital Survey Press Conference spokespersons (from left to right): Patrick Yeung, Jeffrey Chan, Peter Lee and Ronald Yam.

CPA Australia breaks the Guinness World Records: Deborah Leung and Peter Lee with the Guinness World Records Adjudicator Charles Wharton.

PHOTO GALLERY 2013

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Guests at the CPA Congress: (left to right) Registrar of Companies of Companies Registry, Ada Chung JP, Professor Federick Ma GBS JP, and Divisional Councillor Patrick Yeung.

CPA Australia Forum: Tax Panel led by Marcellus Wong (seated second from left).

CPA Australia Chief Executive Alex Malley, speaking at the CPA Congress.

Giving back to the community: CPA Australia members led a group of underprivileged children to the HKFYG organic farm for a green discovery tour.

cpaaustralia.com.au

CPA AUSTRALIA

Hong Kong 20th Floor, Tai Yau Building 181 Johnston Road Wanchai, Hong Kong P: +852 2891 3312 E: hk@cpaaustralia.com.au

Macau Liaison Rua Dr Pedro Jose Lobo, 1-3A Luso International Bank Building Room 1404-1405, 14th Floor, Macau P: +853 2838 9207 E: macau@cpaaustralia.com.au