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Results: 35 user(s) and 1832 document(s)
Kalec Tang
Director, Restructuring & Insolvency - Hong Kong, Hong Kong
Issac Tang
Director, Restructuring & Insolvency - Hong Kong, Hong Kong
Gilles-Alexandre Salansy
Head of Outsourcing Services - Hong Kong, Hong Kong
Anson Li
Partner, Head of Restructuring & Insolvency - Hong Kong, Hong Kong
23/03/2022page
Regulatory policy on virtual asset-related activities in Hong Kong of the SFC and the HKMA
In light of the rapid developments in the virtual asset (“VA”) landscape in Hong Kong, the Securities and Futures Commission (“SFC”) and the Hong Kong Monetary Authority (“HKMA”) jointly issued a circular in January 2022 on setting out their regulatory policy for VA-related activities conducted by intermediaries, covering distribution of VA-related products, provision of VA dealing services, and offering of VA advisory services.
23/03/2022page
Time for action: Mazars C-suite barometer 2021
At the close of 2021, our C-suite barometer showed businesses were emerging from the pandemic with a sense of confidence and resilience. They were confident in their ability to respond to the trends ahead, expecting to transform their businesses and planning to invest. ESG is now firmly on the C-suite agenda and businesses are making public commitments on a range of ESG topics. But are businesses able to action their strategies?
22/03/2022page
Harnessing sustainability: its value in attracting new talent
The importance of employers holding sustainable credentials is becoming increasingly critical in the recruitment (and retention) of talent.
21/03/2022page
March 2022 - COVID-19 – Hong Kong relaunch Employment Support Scheme
Mrs Carrie Lam, Chief Executive of Hong Kong announced the relaunch of the Employment Support Scheme (“ESS”) on 18 March 2022. New round of ESS of HK$31 billion will subsidise employers who are affected by Hong Kong’s fifth wave of COVID-19.
15/03/2022page
Webinar: From having to being: how China’s consumers are shifting their lifestyle priorities (24 March 2022)
Join us for a virtual session revealing how Chinese consumers’ priorities in lifestyle consumption have shifted in the post-pandemic economic environment – away from material goods and towards more experiential spending. Our experts will discuss the challenges and opportunities ahead for brands.
14/03/2022page
Beyond the GAAP - February 2022
While February 2022 has seen very little drama on the corporate reporting front, the current situation in Ukraine provides a stark and appalling contrast. Although the situation is changing rapidly, companies that close their accounts after 24 February must start thinking now about the impacts of these events and of the first sanctions imposed on Russia. For those whose reporting period ended before 24 February but that have not yet authorised their financial statements for issue, a non-adjusting post-balance sheet event may need to be recorded in some cases.
11/03/2022page
Paul She featured in A Plus Magazine (March 2022)
In the accounting profession, like many other professions, is facing a diminishing pipeline of young talents entering the field. The roles taken by a modern accountant have not always been clearly communicated with a misperception in accounting, are impacting the recruitment of next generation.
11/03/2022page
March 2022 – The EU grey list – What does it mean for Hong Kong businesses
On 5 October 2021, following a review of the foreign source income exemption regimes of a few jurisdictions, the Council of the European Union (“EU”) added a few of these jurisdictions, including Hong Kong, to Annex II to the list of the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, the so-called “grey list”.
01/03/2022page
Webinar: Transfer pricing aspects of intragroup loans and guarantees (15 March 2022)
Intragroup financing activities are very common in big groups. It could be loans, guarantees, cash pools, etc. Transfer pricing became a more and more important subject in such intragroup financing activities now.
24/02/2022page
MZHK x GCC webinar: Employees’ Statutory Entitlements: Is Your Company in Compliance with the Employment Ordinance? (24 Mar 2022)
The Employment (Amendment) Ordinance (713 Ordinance) of 2007 sets out the basis to calculate an employee’s statutory entitlements. However, while the Ordinance has been in effect for almost 15 years, some employers are still unaware or do not fully understand the requirements. Companies that are not complying with this legislation may be exposed to litigation with employees and potential penalties.
23/02/2022page
Hong Kong Budget 2022-23
Having regard to the emergence of COVID-19’s variants and the uncertainties over the global economic outlook, the Financial Secretary, Mr Chan Mo-Po (“Mr Chan”) continued to adopt an expansionary fiscal policy in preparing the 2022-23 Budget with the objective of relieving the hardship of people and small and medium-sized enterprises and paving the way for the post-pandemic economic recovery.
22/02/2022page
Establishing an effective compliance function for financial intuitions in Hong Kong
In an environment where regulatory scrutiny and expectations from the Hong Kong regulators such as the Hong Kong Monetary Authority and the Securities and Futures Commission are growing, more financial institutions are devoting substantial resources into strengthening their compliance function.
21/02/2022page
Kenneth Lau interviewed by ACCA Accounting and Business magazine (February 2022)
Kenneth Lau, our Audit & Assurance Senior manager at Mazars in Hong Kong was interviewed by ACCA Accounting and Business magazine and shared his views on the emerging challenges for financial services in mainland China and insight in the future development of accounting industry.
16/02/2022page
Integrating sustainability: overcoming a lack of capacity and resources
Gaining competitive advantage through a more sustainable business proposition can be achieved by all companies, irrespective of size. Some, however, are still daunted by the challenges, known and unknown, of building a sustainable business. And the perceived burdens on resource of new commitments such as measuring and managing impact of ESG over time.
15/02/2022page
The race to data maturity in APAC: is your business as far ahead as you think?
While most businesses understand the importance of data, few are truly able to transform it into a competitive advantage. So, what sets the successfully data-driven apart from the rest? The critical ingredient is data maturity.
15/02/2022page
Mazars in SG webinar: Accounting and Tax Considerations for Financial Services Industry
In today's ever changing economic landscape, financial services are adapting to and leading the change. In this webinar, we will explore the latest developments in the areas of accounting and tax for the financial services industry.
11/02/2022page
APAC payroll newsletter - 2021 Q4
Running payroll across APAC is always challenging for international organisations. Organisations need to observe payroll trends in the region and in specific countries, and pay attention to details to do business with confidence.
11/02/2022page
Beyond the GAAP - January 2022
For many years, Beyond the GAAP has been presenting regulatory changes and the standard-setters’ ongoing projects in order to provide readers with a relevant and effective watch on accounting news. The adoption of IFRSs by the European Union in the early 2000s, and the constant evolution of these standards since then, have been the basis of our monthly newsletter over the course of our 161 previous issues.
04/02/2022page
Double digit growth reflects strength, balance and sustainability of Mazars’ integrated business model and strategy (2 Feb 2022)
Mazars, the international audit, tax and advisory firm, today announces fee income of €2.1bn in its 2020/2021 financial year, representing a 12.3% increase (excluding forex impact of -1.6%) compared to the previous financial year. The increase in fee income comprises strong organic growth (9.4%), complemented by external growth of 2.7%.
28/01/2022page
Mazars in Hong Kong tax webinar series: Navigating the maze of cross border China transaction (2 & 16 Mar 2022)
On 2 and 16 March 2022, a fruitful and interactive webinar series was made by our Tax Senior Managers, Oscar Chow and Karen Lau. They shared their experiences in handling tax issues arising from common cross border transactions in the webinar series.
20/01/2022page
Regulators’ expectations on corporate culture for financial institutions
Given the increasing public concerns over financial institutions’ misconduct behaviours, regulators, in particular the Hong Kong Monetary Authority, are raising their requirements on financial institutions’ development of a sound corporate culture that supports prudent risk management and incentivises proper staff behaviour for positive customer outcomes and high ethical standards.
13/01/2022page
Mazars in Hong Kong co-hosted a Îles Flottantes Dessert Making Workshop with Alliance Française de Hong Kong (7 Jan 2022)
On 7 January evening, our colleagues were filled with sweetness throughout the dessert-making workshop co-organized with Alliance Française de Hong Kong again. Chef Betty showed us the steps in making dessert Îles flottantes, meaning “floating island” in French. She also shared with us the cooking tips in making pourable custard & soft meringue. This dessert served alongside white wine cheered our colleagues up the whole day!
12/01/2022page
Operational resilience regulatory framework for financial services providers regulated by the HKMA and the SFC
Operational and security incidents in the financial services industry are on the rise globally. This is why becoming operationally resilient and to understand the existing vulnerabilities and mitigate the corresponding risks and impacts are more vital than ever.
11/01/2022page
Beyond the GAAP - December 2021
As 2021 gives way to 2022, the Beyond the GAAP editorial team would like to wish you all the best for the coming year! We expect another busy year in terms of accounting news, with an obvious major development being the expected completion of the Primary Financial Statements project. However, the key focus of the year is likely to be the development of sustainability reporting standards.