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and

of The Hong Kong Polytechnic University

 

Proudly Announce

2014 CARE Conference
Understanding China’s Capital Markets
June 9-10, 2014

Conference venue: Senate Room, M1603, Li Ka Shing Tower
The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong


China’s equity markets have experienced tremendous growth over the last two decades. Yet in spite of this success, concerns exist about the listing process, the effectiveness of securities regulation, the influence of political forces, and weaknesses in both the transparency and governance practices of Chinese listed firms.

These weaknesses, when combined with the unique institutional, social, political and business arrangements that characterize China, produce numerous challenges to valuing Chinese firms.  The recent wave of accounting scandals among both domestic and foreign listed Chinese companies highlights both the difficulties associated with investing in Chinese companies and inherent weaknesses of China’s capital markets.

This conference will bring together leading experts, regulators, capital market participants, and academics to provide a vibrant setting for discussing the valuation of Chinese companies and the current state and the future of China’s equity markets. 

 

Day 1
Monday, June 9
09:00-09:20
Introductory Remarks
 

T.C. Edwin Cheng, Dean, Faculty of Business, The Hong Kong Polytechnic University
Peter Easton, Director, Center for Accounting Research and Education, University of Notre Dame
Roger Huang, Dean, Mendoza College of Business, University of Notre Dame
Nicholas Yang, Executive Vice President, The Hong Kong Polytechnic University

09:20-10:00 Morning Keynote: Overview of China's Capital Markets

Carl Walter, Author of Red Capitalism and Privatizing China

Mr Carl Walter lived and worked in Beijing from 1991 to 2011, first as an investment banker involved in the earliest SOE restructurings and overseas public listings, then as COO of China’s first joint venture investment bank, China International Capital Corporation. Until his recent retirement, he was JP Morgan’s China chief operating officer as well as chief executive officer of its China banking subsidiary.

His ongoing research interests focus on China’s banking and fiscal systems, including the debt and equity capital markets, which he hopes to turn into another book. He has contributed articles to many publications including Caijing, the Wall Street Journal, and the China Quarterly. He is the co-author of Red Capitalism: The Fragile Financial Foundations of China’s Extraordinary Rise (2012) and Privatizing China: Inside China’s Stock Markets (2005) both of which were translated into Chinese and were widely ready in China.

Walter holds a PhD in Political Science from Stanford University and a BA in Russian Studies from Princeton University. In 1979 he was a member of the first group of graduate students to return to China after the revolution and received a certificate of advanced study from Peking University. In 2013 he was a visiting scholar at the Shorenstein Asia Pacific Research Center at Stanford University, after which he biked with his daughter across the United States.

10:00-10:20 Break
10:20-11:35 Session One - Raising Equity Capital in China

Session Chair Kalok Chan, Acting Dean and Synergis-Geoffrey Yeh Professor of Finance, Director of Value Partners Center for Investing, Hong Kong University of Science & Technology  

Professor Kalok Chan was appointed Acting Dean of the HKUST Business School in September 2013. He is currently the Synergis-Geoffrey YEH Chair Professor of Finance and Director of Value Partners Center for Investing.  He served as the Head of the Finance Department from 2003 to 2013, and the Associate Dean of the HKUST Business School from 2009 to 2013.  He was the founding director of the HKUST-NYU Stern Joint Master in Global Finance program.  His research interests focus on dynamics of asset prices, derivatives, market micro-structure, and international financial markets.  He is a prominent researcher with numerous publications in top ranked finance journals.    He was the President of the Asian Finance Association from 2008 to 2010, and a co-editor of the Pacific-Basin Finance Journal from 1997 to 2008.

Professor Chan has been actively involved in providing service to the profession.  He has served as a member of the Risk Management Committee of HKEx and HKSAR Advisory Committee on Human Resource Development (Financial Services).  He has been the Chairman of the Organizing Committee of HKIB Outstanding Financial Management Planner Awards for the last 5 years, and is a member of Hang Seng Index Service Limited and Hospital Authority Investment Committee. 

Professor Chan obtained his BSc in Economics from Chinese University of Hong Kong, PhD in Finance from Ohio State University, and taught at Arizona State University before joining the HKUST.  He is also a CFA charter holder.

Panelist Keith Chan, Managing Director-Hong Kong, Macquarie Capital

Mr Keith Chan joined Macquarie in 2007 as a Managing Director overseeing the Greater China Property Investment Banking sector. He is also responsible for the principal investment activities in the sector utilizing Macquarie's capital.

Before joining Macquarie, Keith worked at J.P. Morgan as an Executive Director, mainly involved in fund raising and corporate finance transactions of PRC property companies. Prior to J.P. Morgan, Keith was with HSBC Global Investment Banking Division for 8 years, where he led numerous IPO, corporate restructuring, bond issue and M&A deals. Keith has also worked in the project finance department of UBS before he joined HSBC.

Keith holds a MBA degree in Finance, Investment and Banking, and a BBA degree in Accounting from University of Wisconsin, Madison.

Panelist Matthew Harrison, MD, Head of Research and Development, Hong Kong Stock Exchange

Mr Harrison conducts research and surveys on the securities and derivatives markets in Hong Kong, Mainland China, and overseas to support the development of HKEx and its markets.

Harrison, a UK-trained accountant, is a policy researcher and internal consultant. He has been with Hong Kong Exchanges and Clearing (and prior to that the Stock Exchange of Hong Kong) since 1993, in research, planning and development roles. He is the author of a book on Asia-Pacific Securities Markets, and a regular writer and speaker on securities topics.

Panelist Ning Jia, Associate Professor of Accounting, Associate Director of China Business Case Center, Tsinghua University

Professor Ning Jia is an associate professor of accounting and associate director of the China Business Case Center at Tsinghua University School of Economics and Management.

Professor Jia’s research focuses on the role of accounting information in capital markets, venture capital/private equity, public offerings, and the growth and valuation of entrepreneurial companies. Her research papers have been published in the California Management Review, Asia-Pacific Journal of Financial Studies, Journal of Chinese Entrepreneurship, Economic Perspectives, and China Accounting Review, among others. She is the winner of the 2010 California Management Review best paper award (the Accenture Award), the 2010 International Conference on Asian-Pacific Financial Markets best paper award, and the 2013 CFA Institute Research Award.

She is a leader of two World Economic Forum projects “Entrepreneurial Eco-Systems Around The Globe and Company Growth Dynamics” and “Global Entrepreneurship and the Successful Growth Strategies of Early-Stage Companies”, respectively, and several research projects sponsored by the National Natural Science Foundation of China.

Professor Jia has written more than twenty cases on management practices of Chinese and Non-Chinese companies across a wide spectrum of sectors, including eBay, Check Point, Baidu, Focus Media, China Machine Press, Shanghai Xinhua Hospital, Xinxing Ductile Pipe Co., and BeyondSoft.

Professor Jia is a member of the Ministry of Finance of China National Accounting Leaders Program and an active member of China’s financial media. She also serves on the board of directors of several companies. Professor Jia holds an undergraduate degree in Computer Science (Cum Laude) from the University of Minnesota, a masters degree in Statistics from Stanford University, and a doctorate in Business Administration from Stanford Graduate School of Business.

Panelist Annie Zhao, Managing Director and Co-Head of Equity Capital Markets, BOCI Asia Limited

Ms Zhao holds an MBA from York University (Canada), an MA of Political Science from University of Western Ontario (Canada) and a BA of English from Dalian University of Technology (China).

Ms Zhao currently heads up the Equity Capital Markets team at Bank of China International, which is a leading investment bank in Hong Kong and has been consistently ranked among the top in terms of IPOs and share placements.

She has almost 20 years of diverse banking experience, having previously worked at Credit Suisse, JPMorgan, HSBC, CLSA and Canadian Imperial Bank of Canada and in financial centres such as New York City, Hong Kong and Singapore. Ms Zhao has led/participated in a variety of China and Hong Kong deals, among which are the recent IPOs of China Cinda, Galaxy Securities, Sinopec Engineering and Everbright Bank, as well as other landmark transactions such as PICC, Yitai Coal, Ping An Insurance, CNOOC and COSCO Shipping. 

11:35-11:45 Break
11:45-12:30 Late Morning Keynote: Investigating Fraud Among Chinese Firms

Carson Block, Founder, Muddy Waters

Carson Block is director of research and founding partner of Muddy Waters Research LLC. Muddy Waters is a due diligence-based investment and research firm that conducts extensive accounting and on-the-ground investigations of public companies.

Muddy Waters gained recognition following its research on Sino-Forest Corp., a China-based forestry company listed on the Toronto Stock Exchange. Shortly after Muddy Waters’ issued its report in June 2011, Sino-Forest lost nearly $6 billion in market capitalization, its auditor resigned and regulators halted its shares. The company filed for bankruptcy and in June 2012, the Ontario Securities Commission filed formal fraud charges against Sino-Forest and its senior management for overstating its timber assets and misleading investigators.

Mr Block appears frequently as a commentator on Bloomberg Television, CNBC and the BBC. He wrote an Op-Ed in the Wall Street Journal in 2012 that advocated for greater oversight of Chinese affiliates of US accounting firms that were auditing companies listed on Western exchanges.

Prior to forming Muddy Waters, Mr Block was an entrepreneur in China and worked as a lawyer in the Shanghai office of the US law firm Jones Day. In 2007, he co-authored Doing Business in China for Dummies, a primer on doing business in China.

In 2011, Bloomberg Markets Magazine named Mr Block to its list of the “50 Most Influential” people in global finance. In 2012, he won a Boldness in Business Award from ArcelorMittal and the Financial Times for “Best Newcomer.” He holds a BS in business from the University of Southern California and a JD from the Chicago-Kent College of Law, where he has also served as an adjunct professor.

12:30-14:00 Hotel ICON Luncheon Keynote

KC Chan, Secretary for Financial Services and the Treasury, Hong Kong

Professor Chan was Dean of Business and Management in the Hong Kong University of Science and Technology (HKUST) before he was appointed Secretary for Financial Services and the Treasury in July 2007. Prior to joining the HKUST Business School in 1993, Professor Chan had spent nine years teaching at Ohio State University in the United States.

Professor Chan received his bachelor's degree in economics from Wesleyan University and his M.B.A. and PhD in finance from the University of Chicago. He specialised in assets pricing, evaluation of trading strategies and market efficiency and has published numerous articles on these topics.

Before joining the Government, Professor Chan held a number of public service positions including Chairman of the Consumer Council, director of the Hong Kong Futures Exchange, and member of the Commission on Strategic Development, the Commission on Poverty, the Exchange Fund Advisory Committee, the Hang Seng Index Advisory Committee, and the Hong Kong Council for Academic Accreditation. He was former President of the Asian Finance Association and President of the Association of Asia Pacific Business Schools.

14:15-15:00 Afternoon Keynote: The State of Corporate Governance

Jamie Allen, Secretary General, Asian Corporate Governance Association

Mr Allen is the founding Secretary General of ACGA, which was incorporated in Hong Kong in 1999. He is responsible for overall management of the Association, as well as directing ACGA's research, advocacy and educational work in 11 Asian markets.

Mr Allen is a published author and has more than 25 years’ experience as a writer, editor and analyst covering the economies of Greater China and East Asia from Hong Kong. Prior to the establishment of ACGA in mid-1999, he ran his own consulting firm and carried out customised economic research on mainly finance-related topics, including corporate governance, for multinational clients in Asia. During 1992-95, he worked for the Economist Intelligence Unit (EIU) as editor of Business Asia, a regional management newsletter, and was a contributor to The Economist magazine from 1994-96. Mr Allen began his journalistic career in the late 1980s as a reporter for the South China Morning Post in Hong Kong. He is a graduate of the Australian National University, Canberra, where he received a BA (Honours) in political science and Chinese language.

Between 2001 and 2007, Mr Allen was a member of the Public Shareholders Group, a committee formed by the Hong Kong Securities and Futures Commission to advise it on shareholder rights and corporate governance matters in Hong Kong.

From May 2006 to June 2010, Mr Allen served on the Listing Committee of the Stock Exchange of Hong Kong (SEHK). The Listing Committee is the body responsible for approving all new listings on the SEHK, deciding changes to the listing rules, and undertaking review and disciplinary hearings.

In July 2013, Mr Allen was appointed to the Financial Reporting Review Panel of the Financial Reporting Council in Hong Kong for three years.

15:00-16:15 Session Two: Corporate Governance in Emerging Markets

Session Chair Louis Cheng, Professor of Finance, Hong Kong Polytechnic University

Dr. Cheng is a Professor of Finance, a team leader of Finance at the School of Accounting and Finance of the Hong Kong Polytechnic University. He will serve as a member of the Solicitors Disciplinary Tribunal Panel from November 2013 to October 2016. He served as a Council member and a Trustee of the Pension Fund of the Hong Kong Polytechnic University from January 2011 to February 2013. He also served as a member of the Advisory Committee on Human Resources Development in the Financial Services Sector for HKSAR from June 2009 to May 2013. He is currently a member of the Examination Board of The Institute of Financial Planners of Hong Kong (IFPHK). He has been a CFPCM certificant since 2001.

Dr. Cheng graduated with a DBA in Finance from Louisiana Tech University in 1989. Before joining PolyU, he was an Associate Professor of Finance at Murray State University in Kentucky. He served as a Visiting Scholar at Hong Kong Baptist University in 1995-96 and at Southern Illinois University, Carbondale in the Spring of 1997. In the summer of 2003, he served as the HSBC Fellow of Asian Financial Markets at the University of Exeter in UK. Moreover, he has 70 articles published in top finance research journals including the Journal of Finance. He was ranked among the top ten finance professors in Asia Pacific in terms of research by articles in the Pacific Basin Finance Journal in 2001 and 2005. In 2009, he was ranked 108 globally in terms of financial research in a paper by Heck and Cooley.

Dr. Cheng is an author of Fundamentals of Financial Planning by McGraw-Hill, 2006, and the lead author of Financial Planning and Wealth Management: An International Perspective, also by McGraw-Hill, 2008. Dr. Cheng served as a project consultant for various organizations including Investor Education Centre (IEC), SFC, HKEx, MPFA, HKSI, Charles Schwab (US), Tai Fook Securities, Value Partners, Fubon Bank, Agricultural Bank of China, Bank Consortium Trust Hong Kong.

Panelist Edward Chow, Chairman, China Infrastructure Group

Mr Edward Chow, JP is the founder of China Infrastructure Group and a chartered accountant. He is a core member of the OECD/World Bank Asian Corporate Governance Roundtable, a council member of the Institute of Chartered Accountants in England and Wales and a vice chairman of the Business and Professionals Federation of Hong Kong. He is also a member of the Chinese People's Political Consultative Conference of Zhejiang Province and an Election Committee member of Hong Kong SAR. 

Mr Chow was a past president of the Hong Kong Institute of Certified Public Accountants, a past chairman of the Professional Accountants in Business Committee of the International Federation of Accountants, a past deputy chairman of the Hong Kong Institute of Directors and a former expert advisor of the Accounting Standards Committee of the Ministry of Finance, the PRC. Mr Chow has served as an independent non-executive director of COSCO Pacific Limited from 2005 to 2013 and China Merchants Bank from 2006 to 2012, respectively. Presently he is non-executive director of the Urban Renewal Authority and an INED and chairman of audit committee of Redco Properties Group Limited. In 2010, Mr Chow was the awardee of Directors of the Year Award in the non-executive director of listed companies (SEHK - Hang Seng Index Constituents) category, awarded by the Hong Kong Institute of Directors.

Panelist Frank Hawke, Director, Stanford University GSB Center - Beijing

Mr Hawk has spent the last 34 years working in and around China. As a business consultant, Frank was involved in some early landmark deals in China, including the Beijing Jeep joint venture and the Great Wall Hotel.  For Citibank, he served as Chief Representative in Beijing, sat on Citibank’s credit committee, ran Citibank’s multinational business in Taiwan, and re-established the bank in Vietnam. 

In the mid-1990’s, Frank was investment banking head for Salomon Brothers in China, after which he joined IMC Global, at that time, the world’s largest chemical fertilizer company, as its Asia CEO.  In addition to founding and running his own consulting firm, Frank served as Greater China Chairman for Kroll, a professional services firm, and, most recently, as Regional Operations Leader, Asia Pacific for a an international non-profit organization doing agricultural research. 

Frank sits on the board of a major Chinese financial services firm (Sunlight Everbright Insurance Co. Ltd.) as well as JP Morgan Chase (China) Ltd., JP Morgan’s locally incorporated bank in China.

Frank teaches Chinese economic history to Stanford undergraduates in Beijing and at the Beijing Center for Chinese Studies, the Jesuit Center in Beijing.  Frank also currently serves as the China Director for the Stanford Graduate School of Business at the Stanford Center at Peking University. 

Panelist Kelvin Wong, JP DBA FHKIoD, Chairman, Hong Kong Institute of Directors

Dr Kelvin Wong is an Executive Director and Deputy Managing Director of COSCO Pacific Limited. He is a Chairman of the Corporate Governance Committee of the Company.

Dr Wong is a Chairman of The Hong Kong Institute of Directors, a Non-executive Director of the Securities and Futures Commission, a former member of the Main Board and GEM Listing Committee of The Stock Exchange of Hong Kong Limited (2007-2013), a convenor-cum-member of the Financial Reporting Review Panel, a member of the Standing Committee on Company Law Reform, a member of the Corruption Prevention Advisory Committee of Independent Commission Against Corruption, a member of the Appeal Board Panel (Town Planning), a Board Director of the Hong Kong Sports Institute Limited, a council member of The Hong Kong Management Association, a member of the OECD/World Bank Asian Corporate Governance Roundtable and  a council advisor and past Chairman of the Hong Kong Chinese Orchestra Limited. He is currently an Independent non-executive Director and Chairman of the Audit Committee of China ZhengTong Auto Services Holdings Limited, I.T Limited and Xinjiang Goldwind Science & Technology Co., Ltd., and an Independent non-executive Director of CIG Yangtze Ports PLC. All the aforementioned companies are listed on The Stock Exchange of Hong Kong Limited. He held various senior positions in several listed companies in Hong Kong before he joined the Company in July 1996.

Dr Wong obtained his MBA from Andrews University in Michigan, the USA in 1992 and his Doctor of Business Administration degree from The Hong Kong Polytechnic University in 2007.

Panelist Bernard Yeung, Dean, National University of Singapore Business School

Bernard Yeung is the Dean and the Stephen Riady Distinguished Professor in Finance and Strategic Management at the National University of Singapore Business School. Before joining NUS in June 2008, he was the Abraham Krasnoff Professor in Global Business, Economics, and Management at New York University Stern School of Business. He was also the Director of the NYU China House, the honorary co-chair of the Strategy Department of the Peking University Guanghua School of Management, and Advisory Professor at the East China Normal University. Professor Yeung previously taught at the University of Michigan (assistant, associate, and full) and the University of Alberta (assistant and associate).  Professor Yeung’s research covers topics in international corporate finance, corporate strategy, foreign direct investment, and the relationship between institutions, economic development, and firm behavior. His more than a hundred research articles have appeared in top rated journals in Economics, Finance, Strategic Management, International Business, and Accounting.

Professor Yeung received his BA in economics and mathematics from the University of Western Ontario and his MBA and PhD degrees from the Graduate School of Business at the University of Chicago.

16:15-16:35 Break
16:35-17:50 Session Three: Active Investing in Asia / China Roundtable

Session Chair Joseph Cherian, Practice Professor of Finance and Director of Centre for Asset Management Research & Investments (CAMRI), NUS Business School

Professor Joseph Cherian is Practice Professor of Finance and Director of the Centre for Asset Management Research & Investments (CAMRI) at NUS Business School. He was formerly an Executive-in-Residence at Cornell University’s Johnson Graduate School of Management, where he is a member of the Dean’s Advisory Council.

Prior to that, Joe was Managing Director, Global Head, and CIO of the Quantitative Strategies Group within Credit Suisse Alternative Investments in New York, where he had direct responsibility for over US$67 billion in client assets.  While at Credit Suisse, Joe also served on the Global Executive Committee and various senior management and risk committees of the Asset Management division. Joe joined Credit Suisse in 2004 from Banc of America Capital Management, also in New York, where he was Managing Director and Senior Portfolio Manager of their asset allocation funds.

Previously, he was an Associate Professor of Finance at Boston University. He has authored numerous articles for financial journals, and serves on the Scientific Advisory Board of Orissa Group, a pioneer in the development and dissemination of liquidity-based data and analytical products across multiple asset classes. Joe was recently appointed to the National Research Foundation's Early Stage Venture Fund Evaluation Panel in Singapore, and the Journal of Alternative Investments’ Editorial Board. He formerly served as a review board member of the Research Foundation of the CFA Institute, and on the Scientific Advisory Boards of netDecide Corp. and SKG Inc. Joe holds a BS in Electrical Engineering from MIT, and MS and PhD degrees in Finance from Cornell University.

Panelist Mr Chris Gradel, Founder, Managing Partner and CIO, Absolute Returns, PAG

Mr Gradel founded PAG in 2002 and has over 15 years of experience investing in Asia, initially with The Marmon Group in China, where he established two green field manufacturing businesses and led the buy-out of a state owned coal mining equipment company.  Following his time at the Marmon Group, Mr Gradel became an Engagement Manager at McKinsey and Company in Hong Kong focusing on strategy and mergers and acquisitions for industrials, investment companies and conglomerates and was involved in transactions in China, Hong Kong, Singapore, Indonesia, Taiwan, US and Germany.

Mr Gradel is a director of Pacific Alliance Asia Opportunity Fund Limited, Pacific Alliance China Land Limited and ARC Capital Holdings Limited, three AIM traded investment companies.  He is on the investment committees of the PAG Funds.

Mr Gradel has a joint Masters degree in Engineering, Economics and Management from Oxford University.

Panelist Jingsheng Huang, Former Partner, TPG Growth and RMB Funds

Huang Jingsheng is a former Partner of TPG Growth and RMB Funds, based in Shanghai, China. Prior to joining TPG, he was Managing Director at Bain Capital LLC based in China. Previously, Mr Huang was Managing Director China at SOFTBANK Asia Infrastructure Fund (SAIF).

Prior to SAIF, Mr Huang was Partner at SUNeVision Ventures and Senior Manager of Strategic Investment at Intel Capital. Before his investment career, Mr Huang worked as Director of Research Operations at GartnerGroup, co-Founder/Vice President of Marketing at Mtone Wireless and Lecturer at Communication University of China. Mr Huang also serves as Deputy Chairman of Shanghai Private Equity Association (SHPEA).

Mr Huang received an MBA from Harvard Business School, a Masters Degree from Stanford University and a Bachelor’s Degree from Beijing Foreign Studies University.

Panelist Jay Luo, President, Dymon Asia

Mr Luo was previously Managing Director, Head of Asia Pacific for SAC Capital Advisors (Hong Kong) Limited. He managed the SAC Group’s activities in the Asia Pacific Region, which consisted of various portfolio management teams in Hong Kong, Singapore, Beijing and Tokyo. Before his relocation to Hong Kong in 2007 to build the SAC Group’s presence in Asia, Mr Luo was a senior member of SAC’s risk management team in Stamford, Connecticut.

Mr Luo graduated from Beijing University with a Bachelor of Science in Physics. He also has a PhD in Chemistry from Pennsylvania State University.

Panelist Pooja Malik, co-Founder and Partner, Nipun Capital

Ms Malik, CFA is a co-Founder and General Partner at Nipun Capital LLC. She has over 10 years of investing experience and most recently, was a Managing Director at Barclays Global Investors (BGI)/BlackRock, where she managed long-only and long-short portfolios for institutional investors. She joined BGI in 2001 and has held several roles over her career there; including Head of US Small Cap Active Equity, Co-Head of US and Global Equities and Head of Canadian Active Equity. At BGI, Ms Malik was responsible for active equity portfolios ranging from $1B to $100B in assets. She left BGI in December 2010 to set up Nipun Capital LLC, a boutique asset management firm focused on Asian equities. Nipun believes that investment success is based on applying fundamental insights within a systematic and disciplined investment process.

Prior to BGI, Ms Malik worked at ICICI Bank, India's largest private bank where she was a credit officer and responsible for a loan portfolio. Ms Malik has an MBA from Indian Institute of Management, Bangalore and is a CFA charter holder.

Panelist Oliver Weisberg, Managing Director, Citadel

Oliver P. Weisberg is a Managing Director at Citadel (Hong Kong) Limited, having joined the firm in 2006. Prior to joining Citadel, Mr Weisberg was with Deutsche Bank and Goldman Sachs & Co in Hong Kong. 

Mr Weisberg received his BA from Harvard College and then completed a one-year advanced Chinese language program at the Stanford University Center at National Taiwan University.  In addition to chairing the Development Committee on Teach For China’s Board, Mr Weisberg is also on the Advisory Board of the Harvard University Shanghai Center and Harvard China Fund.

18:30-20:30 Evening Keynote Dinner at Regal Court

Nury Vittachi, Journalist and Author

Nury Vittachi is a journalist and author based in Hong Kong. His columns are published daily and weekly in a variety of newspapers in Asia as well as on his website. He is best known for a comedy-crime novel series, published in many languages around the world, but he has also written non-fiction works and novels for children. He is also noted for his role in founding the Asia Literary Review, the Hong Kong International Literary Festival, the Man Asian Literary Prize, and was the chairman of the judges of the inaugural Australia-Asia Literary Award in 2008.

Vittachi started his journalism career on Morning Telegraph in Sheffield in the north of England before moving to London's Fleet Street, then to Hong Kong, where he wrote the gossip columns "Lai See" and "Spice Trader" for the South China Morning Post until 1997.

Vittachi has published a series of novels, The Feng Shui Detective, in which the protagonists, a feng shui master from China, a young woman from Australia, an Indian mystic and various pan-Asian bad guys, explore Asia-Pacific. Five novels had been published by 2009, and many school age filmmakers have bid for screen rights.

 

 

 

Day 2
Tuesday, June 10

 

 

09:00-09:45 Morning Keynote: Challenges for China - Beyond Minority Listings of SOEs

David Webb, Founder, Webb-site.com

David Webb moved to Hong Kong in 1991 after five years of investment banking in London. He was a director of Barclays de Zoete Wedd Asia until 1994, conducting investment banking and advisory mandates for companies and governments around Asia. He then became an in-house adviser to Wheelock and Wharf group, and in 1998 retired to focus on his investments and founded Webb-site.com, a non-profit platform for the promotion of better corporate and economic governance in Hong Kong, which now has over 20,000 subscribers to its free newsletter.

Mr Webb has been a member of the SFC’s Takeovers and Mergers Panel since 2001 and a Deputy Chairman since 2013. In 2001 he was the architect of the HAMS Proposal for a levy-funded investor-elected body to catalyse shareholder activism and corporate governance reform. This proposal received widespread market endorsement but was rejected by the HK Government on the ironic grounds that it lacked accountability.

In April 2003, investors elected him as a non-executive director of Hong Kong Exchanges and Clearing Ltd, while rejecting three incumbents nominated by the board. That was the first time a minority shareholder proposal has been passed in a HK-listed company’s shareholder meeting. He resigned in 2008 citing concerns over governance. Also in 2003, he financed and launched “Project Poll” which successfully forced blue-chip companies to start counting 1-share-1-vote rather than a show of hands. Poll voting became mandatory on 1st January 2009.

On Webb-site.com he has written about a broad range of topics including economic intervention, taxation, cartels, the currency board, cronyism, electoral reform, abuses of minority shareholders, fraud, Government transparency, the regulatory framework and stock market bubbles before they burst. The site also contains the Webb-site Who’s Who database on Hong Kong people, organisations and companies, and the Webb-site Total Returns data series since 1994.

In 2000 he was named by BusinessWeek as a “Star of Asia” in the “Opinion Shapers” category. In 2001 the World Economic Forum named him a “Global Leader for Tomorrow”. In 2002 CFO Magazine named him in the “Global 100” who shape finance, under the category of “Gadflies”. In 2005, the WEF made him one of the first members of the Forum of Young Global Leaders. In 2007, World Business named him in the “Top 20 Asian Progressives”. In 2009 FinanceAsia name him one of the 50 most influential people in Asian financial markets. In 2012 he received the IFLR Asia “Market Reform Award”.

09:45-11:00 Session Four: Corporate Transparency And Financial Reporting In China

Session Chair Joseph Piotroski, Associate Professor, Stanford University Graduate School of Business.

Joseph is an Associate Professor of Accounting and the inaugural Center for Global Business and the Economy Research Fellow at Stanford University’s Graduate School of Business. Prior to this position, he was an Associate Professor of Accounting at the University of Chicago’s Graduate School of Business (1999-2007).

Professor Piotroski’s research focuses on the economic impact of different financial reporting and governance practices around the world, and on how capital market participants use financial accounting information for valuation purposes.  Recent work focuses on the influence of legal, regulatory and political forces on transparency, corporate governance, and the efficiency of equity markets in international settings, most notably in the context of China.

Professor Piotroski has published research papers in numerous scholarly journals, including The Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Accounting Research, Journal of Accounting and Economics, The Accounting Review, and Management Science.  His research has been cited in the popular press, including Forbes, Fortune, Business Week, Smart Money Magazine, Investors Business Daily, and Business Today (India), and highlighted on numerous investment-related websites.  He currently serves on the Editorial Advisory Boards of the Journal of Accounting Research, Review of Accounting Studies, and Journal of Business, Finance and Accounting.  

Professor Piotroski received his PhD from the University of Michigan, MBA from Indiana University, and BS from the University of Illinois. 

Panelist Kevin Chen, Chair Professor, Head of Accounting Department, Hong Kong University of Science & Technology

Kevin Chen is Chair Professor and Department Head of Accounting at HKUST. His research includes issues related to the interactions of accounting information with executive compensation, debt contracts and securities market regulation.  He is also interested in applying Western research methodology to address China’s and Asia’s unique accounting issues.

Professor Chen has published extensively in leading accounting and finance journals such as The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Contemporary Accounting Research, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance and Auditing: A Journal of Practice and Theory.  He has served in various editorial boards including The Accounting Review and Journal of Accounting and Public Policy. In addition, he was an associate editor of the Journal of International Accounting Research and International Journal of Accounting.

Professor Chen was a CPA in Taiwan. He has served on various professional and regulatory bodies such as the Disciplinary Panel and Accountancy Accreditation Board of Hong Kong Institute of CPAs as well as the Financial Reporting Review Committee of Hong Kong’s Financial Reporting Council. In addition, he serves periodically as a peer review team member of AACSB International and was a member of AACSB’s Accounting Accreditation Committee.

Panelist Bin Ke, Professor of Accounting, Nanyang Business School

Bin Ke is a Professor of Accounting at the Nanyang Business School, Nanyang Technological University, Singapore. He was a Professor at The Pennsylvania State University before joining NTU. He received his PhD in accounting from The Michigan State University. He is a holder of the prestigious “Chang Jiang Scholar” title awarded by China’s Ministry of Education and the Li Ka-Shing Foundation. He is the academic advisor to the Collaborative Innovation Centre for State-owned Assets Administration (国有资产管理协同创新中心) at the Beijing Technology and Business University funded by the Beijing Municipal Government. He was the President of the Chinese Accounting Professors Association of North America (CAPANA), a leading academic organization that promotes high-quality accounting research on China and other emerging market economies.

Dr Ke’s primary research interests focus on the economic forces that determine the production and use of accounting information in business decisions. Examples of his past research include earnings management, insider trading, institutional investors, and financial analysts. His current research focuses on corporations that operate in emerging market economies, with a particular focus on China, Hong Kong, and Singapore. Examples of his current research include financial reporting, fraud detection, managerial compensation, entrepreneurship, innovation, sustainability, government ownership, and investor protection regulation in emerging markets. He is particularly interested in using interdisciplinary approaches to tackle today’s complex business probleMs

Dr Ke is an editor of The Accounting Review, an associate editor of the Asian Pacific Journal of Accounting and Economics, a consulting editor of the China Journal of Accounting Research, a current or former editorial board member of the Journal of American Taxation Association, The Accounting Review, and The International Journal of Accounting. For more information about his research, please visit Dr Ke’s home page at http://www.ntu.edu.sg/home/kebin.

Panelist T. J. Wong, Professor of Accountancy, Director of the Center for Institutions and Governance, Chinese University of Hong Kong (CUHK)

Professor T.J. Wong is the Choh-Ming Li Professor of Accountancy and the Director of the Center for Institutions and Governance of the Chinese University of Hong Kong (CUHK). He also served as the Dean of the CUHK Business School from 2008 to 2013. He received his BA in Economics (summa cum laude) from Dickinson College, and MBA and PhD degrees from UCLA.

Before joining CUHK, he taught at the University of Maryland - College Park and the Hong Kong University of Science and Technology. Professor Wong has published numerous research articles in finance and accounting journals such as Journal of Finance, Journal of Financial Economics, Review of Financial Studies, The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Review of Accounting Studies, and Contemporary Accounting Research. His research was featured in the Wall Street Journal, The Economist, Globe and Mail, the South China Morning Post, Hong Kong Economic Journal, and was used in the US congressional testimony on Securities Fraud Litigation.

Professor Wong has served in various editorial boards including Review of Accounting Studies, Auditing: A Journal of Practice and Theory, Journal of Accounting and Public Policy, Journal of Business, Finance and Accounting. He is an honorary professor of University of International Business and Economics, Beijing, China and served as the president of the China Accounting Professor Association of North America in 2006-2007.

11:00-11:20 Break
11:20-12:05 Late Morning Keynote: China's Coming Roles in Global Finance / Corporate Governance

Ronnie C. Chan, Chairman of Hang Lung Properties

Mr Ronnie C. Chan is Chairman of Hang Lung Group Limited and its subsidiary Hang Lung Properties Limited. Both are publicly listed companies in Hong Kong, with the latter being a constituent stock of the Hang Seng Index. Founded in 1960, the Group has been expanding into mainland China since 1992. For the year of 2013, Hang Lung Properties reported a net profit of US$930 million. Following successes in Shanghai, since 2005 Hang Lung has been investing US$11 billion and building a number of world-class commercial complexes in major Chinese cities – Tianjin, Shenyang, Jinan, Wuxi, Dalian, Kunming and Wuhan. Palace 66 in Shenyang, Parc 66 in Jinan, Forum 66 in Shenyang, and Center 66 in Wuxi were completed and opened in 2010-2013. In the coming years, one or more design-award-winning malls are set to open in the leading cities on the mainland each year.

Mr Chan co-founded the Morningside group. In the past 26 years, Morningside and its associates owned and managed companies focusing on manufacturing, public transport operations, outdoor advertising, media, healthcare, online game operators, high tech and biotech investments in mainland China, developmental capital investments in Southeast Asia, manufacturing and distribution in Europe, and service industries, biotech and other venture capital investments in North America. In 1997, he helped found the Calgary, Canada based Morningside Music Bridge for young classical musicians.

In Hong Kong and the mainland of China, Mr Chan is Chairman of the Executive Committees of One Country Two Systems Research Institute and of Better Hong Kong Foundation, Convenor of Hong Kong Development Forum, a Vice President of The Real Estate Developers Association of Hong Kong, a Governing Board member of China-United States Exchange Foundation, an Advisor and former Vice President of China Development Research Foundation in Beijing, and a former Trustee of China Foreign Affairs University. He founded and chairs China Heritage Fund which restores cultural relics in China.  He is also a co-founding director of The Forbidden City Cultural Heritage Conservation Foundation, Beijing. He is a former government appointed Non-executive Director of Securities and Futures Commission of Hong Kong, Founding Chairman Emeritus of Asia Business Council, and a former Chairman of Hong Kong-United States Business Council.

Internationally, Mr Chan is co-Chair of the Board of Asia Society and Chairman of its Hong Kong Center, a founding Trustee of African-Asian Society and a Director of the Board of Peter G. Peterson Institute for International Economics. He is a member of the Council on Foreign Relations, the National Committee on United States-China Relations, the Committee of 100, and the Advisory Board of Center for Strategic and International Studies in Jakarta. Mr Chan is a former director of Standard Chartered PLC and Motorola, Inc. He is also a former member of the governing boards of World Economic Forum, East-West Center, Pacific Council on International Policy, Eisenhower Fellowships, and The Maureen and Mike Mansfield Foundation.

Mr Chan is involved in many educational endeavors. He is a Court member of The Hong Kong University of Science and Technology, a founding member of the International Advisory Board of School of Management at Fudan University, a Trustee of University of Southern California, and a Governing Board member of Indian School of Business. He serves on the President’s Council on International Activities at Yale University, the International Advisory Council of The Freeman Spogli Institute for International Studies at Stanford University, the International Advisory Committee of The Pacific Basin Institute at Pomona College, and the International Advisory Committee of the Institute of Asia-Pacific Studies at Waseda University. He also co-chairs the International Advisory Board of The Culture and Civilization of China, a joint project of Yale University Press and China International Publishing Group. He currently serves as Advisor on Strategic Development to Tsinghua University and co-Chairman of Hang Lung Center for Real Estate at Tsinghua University. He is also a Guest Professor at Tsinghua University and Nanjing University. He is a former co-Chair of the Advisory Committee of the Center for Real Estate at Massachusetts Institute of Technology and a former Brittingham Visiting Scholar at University of Wisconsin-Madison.

Mr Chan is a frequent speaker at international conferences and has published numerous articles in International Herald Tribune, Financial Times, Newsweek, Fortune, Asian Wall Street Journal, Far Eastern Economic Review and Japan Times. Mr Chan holds an MBA from University of Southern California and an honorary doctorate in social sciences from The Hong Kong University of Science and Technology and The Chinese University of Hong Kong respectively. In 2004, he received the Asia Society Leadership Award for strengthening economic, cultural and political ties between China and the United States, Hong Kong, Taiwan and Southeast Asia. In 2009, he received the Outstanding Persons Award for the Preservation of Chinese Cultural Relics and the Highest Alumni Award of University of Southern California. He is 64 years of age and resides in Hong Kong with his wife. They have two grown sons.

12:05-13:30 Lunch, Hong Kong Polytechnic University Campus
13:30-14:30 Special Session: Challenges in Applying Global Accounting Standards in China

Session Chair Gary Biddle, PCCW Professor, Chair of Accounting, University of Hong Kong

Gary C. Biddle is PCCW Professor and Chair of Accounting at University of Hong Kong. He was awarded MBA and PhD degrees by the University of Chicago, where he also served as professor. Professor Biddle also has served as Dean of the Faculty of Business and Economics of the University of Hong Kong; as Associate Dean, Council Member, Court Member and Department Head at the Hong Kong University of Science and Technology Business School; as professor at University of Washington; and as visiting professor at China Europe International Business School, Fudan University, and IMD Business School in Switzerland.

Professor Biddle is a leading expert in financial and management accounting and his research appears in the world’s leading publications on topics including value creation, performance assessment, financial analysis, earnings measurement, EVA®, inventory management, cost allocation, auditing, taxation, foreign exchange listings and capital investment efficiency. He has published and served on the editorial boards of leading journals in the field and his research was honored by a Best Paper award by the American Accounting Association and he is quoted by CNN, The Economist, Wall Street Journal, and CFO Magazine.

Professor Biddle’s publications are frequently cited in cutting-edge research journals in accounting, finance, and economics, and appear in the world’s premier academic journals including Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Management Science, Contemporary Accounting Research, Review of Accounting Studies, Auditing: A Journal of Practice and Theory, Journal of Accounting, Auditing and Finance, Accounting Horizons, Journal of Accounting Literature, Journal of Applied Corporate Finance, Journal of International Financial Management and Accounting, and Journal of International Business Studies, among others.

Professor Biddle is a Board and Council Member of the American Accounting Association, Advisory Board Member of the AAA International Accounting Section, Council Member of the Hong Kong Institute of Certified Public Accountants, member of the Financial Reporting Review Panel of the Financial Reporting Council of the HKSAR, and member of the American Institute of Certified Public Accountants, Hong Kong Institute of Directors, Washington Society of Certified Public Accountants, and he is past President and co-founding Council member of the Hong Kong Academic Accounting Association. He also has won 22 teaching awards and is the first faculty member to win “Professor of the Year” honors twice from the world’s top-ranked EMBA program (Financial Times).

Professor Biddle serves as independent non-executive director and audit committee chair of Kingdee International Software and Shui On Land Limited, both listed on the Hong Kong Stock Exchange, and he has served as remuneration committee chair of closely held Chinachem Group. He provides consulting and executive courses on value creation and financial management to major companies, governments, and multinational organizations worldwide.

Jesse Wang, Former Chief Accountant, CSRC; EVP of China Investment Corporation

Mr Jesse Wang was Executive Vice President and Chief Risk Officer of China Investment Corporation and non-executive chairman of Shenyin & Wanguo Securities Company before his retirement. Currently, he is chairman of External Audit Committee of IMF and Chairman of Beijing Dalio Public Welfare Foundation.

Prior to joining CIC, he was Vice Chairman of Central Huijin Investment Ltd and Chairman of China International Capital Corporation (CICC). He has also served as the first Chief Accountant, Director General of the International Department, and then Assistant Chairman of China Securities Regulatory Commission. He held top positions in other Chinese financial institutions, including BOC International Holding / UK and China Jian Yin Investment Company.

Mr Wang holds a doctorate in Accounting, plays an active role in the accounting field in China, serves as guest professor in a number of universities, is an instructor of accounting PhD candidates, and is an International Advisor to Chicago Booth School of Business at the University of Chicago and to Business School of Ren Min University.

Zhang Wei-Guo, Member, International Accounting Standards Board

Dr Zhang Wei-Guo is a member of International Accounting Standards Board (IASB) based in London. He is IASB’s first board member from China and second board member from Asia. His present term extends through June 2017.

Dr Zhang previously served as Chief Accountant and Director General of the Department of International Affairs at the China Securities Regulatory Commission (CSRC) from 1997 to 2007.

He was actively involved in accounting standard‑setting and implementation issues, auditor oversight, corporate governance, and cross-border listing and regulatory co-operation issues at the CSRC and through his work with the International Organization of Securities Commissions (IOSCO).

From 1998 until 2004, Dr Zhang was a member of the China Accounting Standards Committee and the China Auditing Standards Committee.

Before joining the CSRC, he was Head of the Department of Accounting at Shanghai University of Finance & Economics (SUFE) where he received his PhD in economics (majored in accounting) in 1989.

Dr Zhang was a PhD supervisor at SUFE from 1993 and at Tsinghua University from 2000 till he joined the IASB in 2007.

Dr Zhang has been recognised with numerous rewards for his distinguishing performance and contributions, including National Award of Outstanding Young Teacher in 1989, National Award of Outstanding Educator in 1995. In 2005, he was granted a special award by China’s State Council for his outstanding contributions to the development of the Chinese securities and futures market.

14:30-14:45 Break
14:45-15:45 Session Five: Perspectives on the Valuaton of Chinese Listed Firms

Session Chair Peter Joos, Global Head of Valuation and Accounting, Equity Research, Morgan Stanley

Peter Joos joined Morgan Stanley in 2006 to head the valuation and accounting team in the Asia-Pacific Equity Research Department before relocating to London in 2011.  He specializes in customized fundamental and quantitative research with a specific focus on earnings quality and forecasting fundamental risk. 

Prior to joining Morgan Stanley, Peter served on the faculty of Baruch College, MIT Sloan School of Management, Chicago Booth School of Business and INSEAD. Peter holds a PhD in Business and an MSc in Statistics from Stanford University.

Panelist Feng Li, Harry Jones Scholar and Associate Professor of Accounting, University of Michigan

Professor Li is the Harry Jones Scholar and Associate Professor of Accounting at University of Michigan Stephen M. Ross School of Business. He has extensive teaching experience at many levels, and has been published by leading academic journals such as Journal of Accounting Research, Journal of Accounting and Economics, and Journal of Financial Economics.

Profess Li’s outstanding contributions to research and teaching were recognized and honored by various awards as follows, Harry Jones Scholar (2011-), Faculty participant, AAA Lake Tahoe Doctoral Consortium 2011, and a research grant from the Center for International Business Education at the University of Michigan (2008-2009, 2011-2012).

Panelist Wayne Yu, Professor of Finance, Hong Kong Polytechnic University

Wayne Yu is a Professor of Finance at the School of Accounting and Finance of the Hong Kong Polytechnic University. He is also an Executive Editor of China Accounting and Finance Review.

His research interests include corporate governance, corporate finance and capital markets. He has published in Annual Review of Financial Economics, Journal of Banking and Finance, Journal of Empirical Finance, Journal of International Money and Finance, and Journal of Financial Economics

Professor Yu is a Chartered Financial Analyst (CFA) and holds a doctorate degree in finance and a master degree in economics.

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Panelist Jie Zhang, Founder, Rega Capital Management

Dr Zhang was an Assistant Professor of Finance at the Hong Kong Polytechnic University. His research interests include a wide range of topics in asset pricing, e.g., equities, derivatives, liquidity and sentiment, based on which he has developed multiple investment models for the US, China and HK markets.

Dr Zhang received his PhD in Finance from Hong Kong University of Science and Technology (HKUST), MPhil in Physiology from Chinese University of Hong Kong, and BSc from Special Class for Gifted Youth, University of Science and Technology of China. He has over 14 years of trading experience.

15:45-16:45 Session Six: Assounting Reality in China

Session Chair Gary Biddle, PCCW Professor, Chair of Accounting, University of Hong Kong

Gary C. Biddle is PCCW Professor and Chair of Accounting at University of Hong Kong. He was awarded MBA and PhD degrees by the University of Chicago, where he also served as professor. Professor Biddle also has served as Dean of the Faculty of Business and Economics of the University of Hong Kong; as Associate Dean, Council Member, Court Member and Department Head at the Hong Kong University of Science and Technology Business School; as professor at University of Washington; and as visiting professor at China Europe International Business School, Fudan University, and IMD Business School in Switzerland.

Professor Biddle is a leading expert in financial and management accounting and his research appears in the world’s leading publications on topics including value creation, performance assessment, financial analysis, earnings measurement, EVA®, inventory management, cost allocation, auditing, taxation, foreign exchange listings and capital investment efficiency. He has published and served on the editorial boards of leading journals in the field and his research was honored by a Best Paper award by the American Accounting Association and he is quoted by CNN, The Economist, Wall Street Journal, and CFO Magazine.

Professor Biddle’s publications are frequently cited in cutting-edge research journals in accounting, finance, and economics, and appear in the world’s premier academic journals including Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Management Science, Contemporary Accounting Research, Review of Accounting Studies, Auditing: A Journal of Practice and Theory, Journal of Accounting, Auditing and Finance, Accounting Horizons, Journal of Accounting Literature, Journal of Applied Corporate Finance, Journal of International Financial Management and Accounting, and Journal of International Business Studies, among others.

Professor Biddle is a Board and Council Member of the American Accounting Association, Advisory Board Member of the AAA International Accounting Section, Council Member of the Hong Kong Institute of Certified Public Accountants, member of the Financial Reporting Review Panel of the Financial Reporting Council of the HKSAR, and member of the American Institute of Certified Public Accountants, Hong Kong Institute of Directors, Washington Society of Certified Public Accountants, and he is past President and co-founding Council member of the Hong Kong Academic Accounting Association. He also has won 22 teaching awards and is the first faculty member to win “Professor of the Year” honors twice from the world’s top-ranked EMBA program (Financial Times).

Professor Biddle serves as independent non-executive director and audit committee chair of Kingdee International Software and Shui On Land Limited, both listed on the Hong Kong Stock Exchange, and he has served as remuneration committee chair of closely held Chinachem Group. He provides consulting and executive courses on value creation and financial management to major companies, governments, and multinational organizations worldwide.

Panelist Paul Gillis, Former partner PwC, Professor of Practice, Peking University, creator of “China Accounting Blog

Paul Gillis PhD CPA is professor of practice and co-director of the IMBA program at the Guanghua School of Management at Peking University. A leading expert on accounting and auditing issues in China, he is frequently quoted in the international press, and has appeared on ABC, Bloomberg TV, Now Business Channel, Tbs EFm in Korea, RTHK in Hong Kong, and China Radio International. He has testified before the US-China Strategic and Economic Commission, and has lectured at the Communist Party School. Dr Gillis regularly speaks to investor and corporate groups.

Professor Gillis is a certified public accountant from the US and before joining Peking University was a partner with PricewaterhouseCoopers in the US, Singapore, and China. He was a member of the Standing Advisory Group of the Public Company Accounting Oversight Board from 2011 -2013 and was formerly a director and audit committee chairman of Nasdaq listed Pansoft Co. Ltd.

He has resided in Beijing since 1997. The International Financial Law Review named him Market Reformer of the Year in 2012. His first book, The Big Four and the Development of the Accounting Profession In China, was published by Emerald in 2014. Professor Gillis blogs at www.chinaaccountingblog.com.

Panelist Johnson Kong, Chief Executive Office, BDO Limited

Mr Johnson Kong has over 30 years of professional accounting experience. He started his career as an auditor and has been specialising in financial investigation, due diligence, litigation support, restructuring, receivership and insolvency related matters for the last 20 years.

In addition to being the CEO of the Firm, as an International Liaison Partner, Johnson is in constant communication with many BDO offices around the globe looking after the service needs of inbound and outbound BDO clients.

Johnson holds a number of professional and public appointments. He is the Chairman of Insolvency Specialist Designation Vetting Committee and a member of the Professional Qualifications Accountability Board, Registration and Practising Committee, Professional Conduct Committee and CPA Qualifying Process Reform Working Group of the Hong Kong Institute of Certified Public Accountants (HKICPA). He is also the Past Chairman of the Restructuring & Insolvency Faculty of HKICPA and the Immediate Past President of the Hong Kong Institute of Accredited Accounting Technicians.

Other current  professional /public appointments include: Member, Standing Committee on Company Law Reform, The HKSAR – Financial Services and The Treasury Bureau; Member, The Appeal Board Panel (Town Planning), The HKSAR - Development Bureau; Member, The Board of Review (Inland Revenue Ordinance), The HKSAR – Financial Services and The Treasury Bureau; Member, Appeal Panel (Housing), The HKSAR – Transport and Housing Bureau; Member, Professional Services Advisory Committee, Hong Kong Trade Development Council.

Johnson is a Certified Public Accountant (Practising) and a member of HKICPA, the Institute of Chartered Accountants in England and Wales and the Society of Chinese Accountants and Auditors.  He is also a member of the Association of Certified Fraud Examiners, a Registered Insolvency Practitioner under the Hong Kong Official Receiver’s Panel and a holder of the Specialist Designation in Insolvency awarded by HKICPA.

Panelist Stephen Law, Finance Director, MTR Corporation Limited

Stephen Law (羅卓堅) is the Finance Director of MTR Corporation Limited, responsible for finance, investment control, treasury, investor relations, strategic consulting and corporate efficiency, information technology and materials and stores.

Before taking up the CFO role, Stephen was a managing director of TPG, one of the world’s largest private equity firms.  He was responsible for private equity investments in Asia (excluding India), and led key deals across different industries including consumer / retail, energy, healthcare.  He also executed many successful IPOs in Hong Kong, US and Vietnam and their subsequent exits.

Prior to joining TPG, Stephen was a director of Morningside.  Under his management and directorships, these investee companies became leaders in their respective industries in the region.  Stephen served as a director of the top three online game operator in China.  He was the CFO of the top two outdoor advertising operator in China and he led its later sale to JC Decaux.  Stephen was a founding director of an advertising agency which was subsequently merged with WPP Group.  Stephen also founded and consolidated the largest independent interactive marketing agency in China, which was sold to Publicis.

Prior to Morningside, Stephen focused on corporate finance and development for the Wharf Group.  He developed brewery business in China together with Foster’s, and initiated the launch of broadband business, and led the dual listing of i-Cable Communications Limited in Hong Kong and the US.

Stephen started his career with Arthur Andersen in the United Kingdom.  He holds a BSc degree and a MBA degree.  Stephen is a member of ICEAW, and a council member of the HKICPA.

 

Panelist Shirly Yam, Financial Columnist, South China Morning Post

Shirley Yam has been working as a political and financial journalist for major newspapers in Hong Kong since the 80s.  Among them are the South China Morning Post and the Hong Kong Economic Times.  She writes a weekly column for the Post.

China’s corporate reform has always been her area of interest. Her works have been recognised with various local and regional awards as well as scholarships. 

Since 2010, Shirley has been serving the Hong Kong Journalists Association, the city’s only independent reporters' union that campaigns for press freedom and provides professional training.  She is currently the Association’s Vice-chairman.
 
Shirley was born in Hong Kong.  She was educated in Hong Kong, Mainland China, Canada, United States and United Kingdom. She holds a Master degree in Politics of the World Economy from the London School of Economics and Political Science.

任美貞自八十年代開始,於香港從事政治及財經新聞工作。先後服務《信報》、《南華早報》及《香港經濟日報》等主要報章。現為《南華早報》之專欄作家。中國之企業改革一直是報導焦點,並為她帶來多項本地及區域性之新聞獎項及獎學金。

任女士二零一零年開始服務香港記者協會。該會為香港唯一的獨立新聞工作者工會,除致力捍衛新聞自由外,亦為業界提供專業培訓。任女士現為該會副主席。

任女士於香港出生並接受教育,曾負笈中國北京、加拿大、英國及美國進修,為英國倫敦經濟及政治學院碩士。

16:45-17:00

Closing Remarks

 

Peter Easton, Director, Center for Accounting Research and Education, University of Notre Dame
CS Agnes Cheng, Chair Professor of Accounting and Head School of Accounting and Finance, Hong Kong Polytechnic University

Please check back periodically for updated schedule, bios and more.

 

 

The 2014 Conference Organizing Committee


Gary Biddle, co-Chair, University of Hong Kong
Louis Cheng, co-Chair, The Hong Kong Polytechnic University
Joseph Piotroski, co-Chair, Stanford University

PolyU Liaison Committee:
Dr Eva Chan, Adjunct Professor, The Hong Kong Polytechnic University
Dr June Cheng, The Hong Kong Polytechnic University
Ms Ching-Yee Tam, The Hong Kong Polytechnic University


 

 

This conference is by invitation only. If you have not received an invitation and would like to be placed on the waiting list, please contact Lorie Marsh at lmarsh1@nd.edu.

 


 

Hotel Accommodation

As with any large city, Hong Kong has many wonderful accommodation choices to fit your needs. Special rates have been negotiated with several hotels. Please see below for details or please feel free to make reservations at the hotel of your choice.

A map of the area, with the hotels noted below can be viewed here.
All hotel rates are subject to availability. Please make your reservation by the deadline date as noted below for each hotel.
Alternative hard-copy forms are available as noted below.
Please note all exchange rate information is approximate. Please check for current exchange rate before making your reservation.

Hotel ICON (5-star)
Address: 17 Science Museum Rd,Kowloon
Email: info@hotel-icon.com
Telephone: (852) 3400 1000
Fax: (852) 3400 1001
Location information: http://www.hotel-icon.com/location-and-contacts.aspx#/location
Website: http://www.hotel-icon.com/home.aspx#/our-story

Room Rate per night (net): Standard City view room : HK2,332 (US$311) with 1 breakfast & wifi
Extra breakfast: HK187 (US$25) per person

Contact the Reservation Specialist at (852) 3400 1688 or book@hotel.icon.com by providing the conference name "CARE Conference (June 9-10)" to receive the negotiated room rate.

Reservation Deadline:
None


Harbour Plaza Metropolis (4-star)
Address: 7 Metropolis Drive, Hunghom, Kowloon, Hong Kong
Email: enquiry.hpme@harbour-plaza.com
Telephone: (852) 3160 6888
Fax: (852) 3160 6999
Location information: http://www.harbour-plaza.com/metropolis/Location-en.htm
Website: http://www.harbour-plaza.com/metropolis/Index-en.htm

Hard copy form

Room Rate per night (net): Standard City view room : HK1,318 (US$176) with 1 breakfast & wifi
Extra breakfast: HK110 (US$15) per person

Reservation Deadline: May 12, 2014


Regal Kowloon Hotel (4-star)
Address: 71 Mody Road, Tsimshatsui, Hong Kong
Email: info@kowloon.regalhotel.com
Telephone: (852) 2722 1818
Fax: (852) 2369 6950
Location information: http://www.regalhotel.com/regal-kowloon-hotel/en/about/location-information.html
Website: http://www.regalhotel.com/regal-kowloon-hotel/en/home/home.html

Hard copy form

Room Rate per night (net): Superior Room: HK1,050 (US$135.39) with wifi and complimentary continental breakfast

Reservation Deadline: May 2, 2014


Nikko Hotel Hongkong (4.5-star)
Address: 72 Mody Road, Tsimshatsui, Hong Kong
Email: nikko@hotelnikko.com.hk
Telephone: (852) 2739 1111 
Fax: (852) 2311 3122
Location information: http://www.hotelnikko.com.hk/aboutus/aboutuslocation-en.html
Website: http://www.hotelnikko.com.hk/default-en.html

Hard copy form

Room Rate per night (net): Premium Floor Deluxe Room: HK1,500 (US$193.42) with wifi
Extra breakfast: HK180 (US$23.21) per person

Reservation Deadline: May 16, 2014


 

 

About The Hong Kong Polytechnic University, School of Accounting and Finance
School of Accounting and Finance (AF) of the Hong Kong Polytechnic University (PolyU) has long been established as a leading provider of tertiary education in accounting in Hong Kong. With over 100 faculty staffs from diverse academic and professional background, the incorporation of the accounting, finance, economics and law disciplines into the School in 2003 made it truly an interdisciplinary family.

The School places great emphasis on research output quality while maintaining a high teaching standard. Numbers of papers are published in top-tier academic journals. Theme-based mini-conferences and annual journal research conference were held in regular basis. For the way forward, the School continues striving for excellence in research as well as its delivery in teaching and learning.

Conference location, address, and onsite contact information
Conference venue: Senate Room, M1603, Li Ka Shing Tower
The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong
Enquiry: Helen Chan
Tel: (852)2766-4158

 

 

We would like to thank our co-host and sponsors:

Cambridge Business Publishers

 


 

 

 

 

 

 

 

 

University of
Notre Dame
Mendoza
College of Business
University of Notre Dame
Department of Accountancy
Department of Accountancy
Calendar

 

 

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