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16/06/2017page

Mazars assists Nexion Technologies Limited in listing on the HKEX GEM Board

Mazars Hong Kong had the pleasure of working in collaboration with Mazars Singapore to facilitate the listing of Nexion Technologies Limited (“Nexion”) on the Growth Enterprise Market of the Hong Kong Stock Exchange.

15/06/2017page

Hong Kong Scottish Hosts Sponsors Networking Evening on 14 June 2017

On Wednesday, 14 June, the Hong Kong Scottish Rugby Club (HKS) held an event for its sponsors to thank them for their support and inform them about exciting developments for the 2017-18 season.

14/06/2017page

Mazars 2017 Regional AOS Workshop in Bangkok, Thailand (12-13 June)

The 2017 Regional Accounting Outsourcing Services (AOS) Workshop was held in Bangkok, Thailand from 12 to 13 June 2017.

06/06/2017page

Venturing Abroad

The Economist Intelligence Unit wrote a series of articles sponsored by Mazars focusing on five challenges facing SMEs venturing abroad for the first time. Indeed, the challenges of operating in an unfamiliar environment are daunting, but offer tremendous potential.

05/06/2017page

Mazars Hong Kong Awarded Premier Partner from the Senior Citizen Home Safety Association

Mazars Hong Kong is pleased to announce that it has been awarded the “Premier Partner” Award from the Senior Citizen Home Safety Association on 2nd June 2017, in celebration of the Association’s 20th Anniversary.

29/05/2017page

“Hiring For The Future” - A Plus Magazine (May 2017)

Stephen Weatherseed was featured in the May issue of A Plus Magazine where he talks about the reason for an emerging talent shortage in the Hong Kong accounting sector and the strategy to deal with this issue.

26/05/2017page

Mazars assisted VBG International Holdings Limited (8365) in its listing on the GEM Board of HKEx

The Mazars Hong Kong office is honoured to be the professional service firm who assisted VBG International Holdings Limited to list on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited (the “HKSE”).

25/05/2017page

Business Students from the Kelley School of Business Indianapolis Visit Mazars Hong Kong

A group of students from the Kelley School of Business Indianapolis, Indiana University - Purdue University Indianapolis at the United States had their firm visit in our Hong Kong office on 24 May 2017. This firm visit was prepared by Ms Lin Zheng, Clinical Associate Professor of Accounting at the Kelley School of Business Indianapolis, which also served as part of their educational field trip for the students visiting Beijing, Shanghai and Hong Kong in May. The purpose of the trip is to give students some basics of doing business with or in China and to further develop their basic cross-cultural understandings.

22/05/2017page

Beyond the GAAP - April 2017 Issue

For the second time in its history, the IASB has launched a rapid-turnaround consultation with a comment period of just 30 days – the minimum permitted by its Due Process Handbook. What is more, it once again relates to financial instruments. The IASB is rushing it through in the hope that the document will be ready for first-time application alongside IFRS 9 in 2018. It is touch and go, as the basic principle needs to be approved by stakeholders and the amendments then need to go through the EU adoption process! This hustle and bustle forms a sharp contrast with the time spent by the IASB on the quality and volume of the financial information disclosed in accordance with IFRS. This month’s feature takes ‘A Closer Look’ at the development of financial information disclosure principles, announced by the IASB in May 2013. The document comprises almost a hundred pages, and stakeholders have a six-month comment period to formulate their thoughts.

19/05/2017page

“An unqualified success” - Prospective CPA Magazine (Summer 2017 Issue 111)

Edmund Chan, Practising Director at Mazars Hong Kong and Wing Tam, Audit Assistant Manager at Mazars Hong Kong were featured in the Summer 2017 Issue 111 of the Prospective CPA Magazine. They talked to the Prospective CPA Magazine on how they view the QP programme and they also encouraged young accountants to explore more to develop their career.

18/05/2017page

Tax seminar on Taxation Rules and Subsidies for High and New Technology Enterprises (HNTEs) (24 March 2017)

On 24th March 2017, John Poon, Tax Services Director at Mazars Hong Kong and Oscar Chow, Senior Manager of Tax Services at Mazars Hong Kong presented a tax seminar to the members of the European Union Chamber of Commerce in China on the topic of “Taxation Rules and Subsidies for High and New Technology Enterprises (HNTEs)”.

18/05/2017page

Mazars Hong Kong at the Rotary HK Ultramarathon 2017 (5 March 2017)

On Sunday, 5th March, Mazars Hong Kong participated in the 50 km Corporate Relay race of the Rotary Hong Kong Ultra Marathon 2017.

15/05/2017page

Paul She as the adjudicator for the 2016-2017 HKICPA Accounting and Business Management Case Competition

Paul She, Practising Director of Audit and Assurance at Mazars Hong Kong as well as the member of Qualification and Examinations Board of the HKICPA, was one of the adjudication panels of the 2016-2017 HKICPA Accounting and Business Management Case Competition. The event was taken place at HKICPA Auditorium on 29 April 2017. This year, there were 526 teams with 1,808 students from around 150 schools have joined in both Level 1 and Level 2 competitions.

11/05/2017page

Tax seminar on EU, OECD BEPS and Brexit (28 April 2017)

Mazars Hong Kong organised a round table tax seminar on the topic of "How the recent changes impact your overseas investment- EU, OECD BEPS and Brexit" on 28th April 2017.

10/05/2017page

RES seminar in Hong Kong - Resilience in cross border employment (5 May 2017)

Mazars is the Expatriate Tax and Social Security technical partner to the RES Forum who are an independent community for International HR and Mobility professionals. On the 5th of May, the RES Forum held an event in Hong Kong at Goldman Sachs’ offices and we had the pleasure to be invited to speak at the event. The event last Friday had attracted around 20-30 attendees from different corporates.

08/05/2017page

May 2017 - SAT Integrating BEPS Action Plans 8 to 10 and Action Plan 14

On 17 March 2017, the State Administration of Taxation (“SAT”) released its long-awaited Bulletin on Special Tax Investigations, Adjustments and Mutual Agreement Procedures (“Bulletin 6”), thus largely completing the revision of the transfer pricing specific clauses of the old Circular 2 concerning Special Tax Adjustments.

02/05/2017page

Forvis Mazars in Hong Kong corporate brochure

Get to know us better. Our corporate brochure will provide you with an overview of who we are and the services we offer.

02/05/2017page

Beyond the GAAP - March 2017 Issue

While they do not form an official part of the IASB’s Disclosure Initiative, the amendments proposed to IFRS 8 on operating segments are certainly in the same spirit. With this consultation, and the consultation around the discussion paper on Principles of Disclosure, the IASB has started the ball rolling for the 2017 round of deliberations on the theme of Better Communication. In Europe, the recently published standard on leases has just completed the first stage of the adoption process, EFRAG having just issued a recommendation for rapid endorsement to the European Commission. The publication of the 2016 financial statements was an opportunity to analyse the information provided by entities about how they are implementing IFRS 15 on Revenue from Customers, in particular in light of the expectations expressed in summer 2016 by the market regulators While the level of information disclosed is varied, some trends are starting to emerge, and you can read about these in our study!

20/04/2017page

Survey : Managing Risk in the Digital Age

2016 proved to be another sensational year for the global e-commerce industry, with an estimated $2,671 billion in online sales. E-commerce undeniably opens the door to a wealth of competitive advantages and opportunities, but what are the RISKS involved and how are companies managing them?

03/04/2017page

March 2017 - New Tax Regime for Aircraft Leasing Market

The financial secretary stated in his budget for 2015/2016 delivered in February 2015 that “aerospace financing is crucial to the development of high value added aviation services.” According to the Current Market Outlook 2016-2035 published by Boeing Capital, the new aircraft to be delivered in the next 20 years to be 39,000 worldwide, 15,000 for Asia Pacific with 6,000 for China alone. Financing this growth presents major business opportunities for financial and other professional services.

28/03/2017page

March 2017-Chinese Government Authorized Local Governments To Formulate And Issue Preferential Policies On Business And Investment

In early January 2017, the State Council announced “Circular of State Council on Several Measures concerning the Expansion of Opening-up and the Active Use of Foreign Capital”, so-called “ Several Measures” and effected on 12 January 2017. The local governments are allowed to, within the scope of their statutory authority and under the approval from the Central Government, establish and distribute preferential policies on business and investment attraction, support those projects that will make big contributions to employment, economic development, and technological innovation, reduce investment and opening costs of enterprises.

21/03/2017page

Doing business in Hong Kong 2017

As a leading global finance center and a historically open economy, it’s worth remembering that Hong Kong has been a Special Administrative Region (SAR) of the People’s Republic of China (PRC) since 1997. But Hong Kong enjoys great autonomy from the mainland, and the city has retained its reputation for ease of doing business and free trade. It frequently attracts the attention of foreign investors looking for a foothold in the Asian market. As an important banking and financial center in the Asia pacific region, Hong Kong Stock Exchange ranks the fourth in Asia and the eighth in the world in terms of market capitalization. In 2016, Hong Kong again raised more IPO funds than any other stock market worldwide.

10/03/2017page

Beyond the GAAP - February 2017 Issue

IASB Vice-Chair Sue Lloyd has been appointed to head the IFRS Interpretations Committee, and four IASB members who supported the recent major standards have been re-appointed for a second term. This underscores the IFRS Foundation’s commitment, going forward, to the implementation of standards and to supporting their consistent application. This commitment appears necessary in the context of the implementation of the recent major standards, but older standards that continue to raise numerous issues should also benefit from it.

27/02/2017page

Automatic exchange of information: a global effort to combat tax evasion - A+ Magazine (February 2017)

Anthony Tam, our Executive Director of Mazars Tax Services Limited looks at impact of the new global initiative on financial institutions and share his view in A+ Magazine.

24/02/2017page

The modern firm: discerning, knowledge-intensive, agile, sustainable

Mazars’ 2016 Yearbook, part of the Group’s 2015-2016 Annual Report, is a journey through topics that are of paramount importance to us: leadership and entrepreneurship. Each article can be read alone, but all are closely tied to the concept of a Modern Firm. In order to illustrate this concept, we have chosen to explore four attributes, which define a modern firm: discerning, knowledge-intensive, agile and sustainable. Join our staff, our partners, our clients and all our other guests in this journey, from Rotterdam to Shanghai via Milan and Casablanca.