AmChamHK Apr 2017

Magazine of The American Chamber of Commerce in Hong Kong

April 2017

Mobilizing Our Future Workforce AmCham’s Education Goals Industry Focus on Insurance & Healthcare Guide to International Schools

COVER SPONSOR

PUTTING YOUR CHILD 1

ST

ACHIEVING MORE THAN THEY BELIEVE THEY CAN

CAMPUS OPENING SEPTEMBER 2017!

Individualized Learning Plans from Age 5

Secondary and readies them for their future careers as ƐĐŝĞŶƟƐƚƐ͕ ĞŶŐŝŶĞĞƌƐ ĂŶĚ ďƵƐŝŶĞƐƐ ůĞĂĚĞƌƐ͘

Stamford’s Outstanding Results Our students at our Singapore campus consistently ĂĐŚŝĞǀĞ ĂďŽǀĞ ƚŚĞ h͘^͘ ďĞŶĐŚŵĂƌŬ ŝŶ ƚŚĞŝƌ D WΠ assessments. In Elementary, our students’ scores in Reading ĂŶĚ DĂƚŚ ĂƌĞ ŐƌĞĂƚĞƌ ƚŚĂŶ ƚŚĞ ďĞŶĐŚŵĂƌŬ ďLJ ŽŶĞ LJĞĂƌ on average. Progressing to Secondary, Stamford students ƉĞƌĨŽƌŵ ĂďŽǀĞ ƚŚĞ ďĞŶĐŚŵĂƌŬ ŝŶ DĂƚŚ ĂŶĚ ZĞĂĚŝŶŐ ďLJ ƚǁŽ or more years on average. In fact, the average Stamford 'ƌĂĚĞ ϲ ƐƚƵĚĞŶƚ ƉĞƌĨŽƌŵƐ ĂďŽǀĞ ƚŚĞ ďĞŶĐŚŵĂƌŬ ĨŽƌ 'ƌĂĚĞ Every student at Stamford undergoes standardized

10 students in Reading, four grade levels above the norm.

Measures of Academic Progress® (MAP®) assessments

These outstanding MAP® results combined with the

in Reading, Math and Science twice a year, allowing

/ŶƚĞƌŶĂƟŽŶĂů ĂĐĐĂůĂƵƌĞĂƚĞ ŝƉůŽŵĂ WƌŽŐƌĂŵ ŚĂǀĞ ůĞĚ

us to measure their academic growth throughout

90% of our graduates from Stamford’s Singapore campus to

the school year and from year to year. We deliver

acceptance to their 1st choice university.

individualized learning plans based on each student’s ŝŶƐƚƌƵĐƟŽŶĂů ůĞǀĞů͕ ĞŶƐƵƌŝŶŐ ĞǀĞƌLJ ĐŚŝůĚ ŝƐ ƐƚƌĞƚĐŚĞĚ ĂŶĚ challenged appropriately.

Preparing Students for the Future Stamford’s unique problem-based STEMinn (Science, dĞĐŚŶŽůŽŐLJ͕ ŶŐŝŶĞĞƌŝŶŐ͕ DĂƚŚ Θ /ŶŶŽǀĂƟŽŶͿ WƌŽŐƌĂŵ challenges students from age 5 in these disciplines ƚŚƌŽƵŐŚ ĐƌŝƟĐĂů ƚŚŝŶŬŝŶŐ ĂŶĚ ƌĞĂůͲǁŽƌůĚ ĂƉƉůŝĐĂƟŽŶ͘ >ĂLJŝŶŐ ƐƚƌŽŶŐ ĨŽƵŶĚĂƟŽŶƐ ŝŶ ƚŚĞƐĞ ĂƌĞĂƐ ƉƌĞƉĂƌĞƐ ŽƵƌ Elementary students for success in the highly challenging WŚLJƐŝĐƐ͕ ŝŽůŽŐLJ ĂŶĚ ŚĞŵŝƐƚƌLJ ĐŽƵƌƐĞƐ ŽīĞƌĞĚ ŝŶ

Discover more at

Open House Visit www.sais.edu.hk www.sais.edu.hk | +852 2500 8688 Ύ^ƚĂŵĨŽƌĚ ŵĞƌŝĐĂŶ ^ĐŚŽŽů ,ŽŶŐ <ŽŶŐ ǁŝůů ĂƉƉůLJ ƚŽ ƚŚĞ /ŶƚĞƌŶĂƟŽŶĂů ĂĐĐĂůĂƵƌĞĂƚĞ ĨŽƌ ƉƌŽŐƌĂŵ ĐĂŶĚŝĚĂĐLJ ŝŶ ĞĐĞŵďĞƌ ϮϬϭϳ͘

AmChamHK Publisher Tara Joseph Editor-in-Chief Kenny Lau Managing Editor Jennifer Khoo Advertising Sales Manager Tom Chan

AmChamHK is a magazine of news and views for management executives and members of the American Chamber of Commerce in Hong Kong. Its contents are independent and do not necessarily reflect the views of officers, governors or members of the Chamber.

Advertising office 1904 Bank of America Tower, 12 Harcourt Rd, Central, Hong Kong Tel: (852) 2530 6900 Fax: (852) 3753 1206 Email: amcham@amcham.org.hk Website: www.amcham.org.hk Printed by Ease Max Ltd 2A Sum Lung Industrial Building 11 Sun Yip St, Chai Wan, Hong Kong (Green Production Overseas Group) Designed by Overa Creative Tel: (852) 3596 8466 Email: ray.chau@overa.com.hk Website: www.overacreative.com ©The American Chamber of Commerce in Hong Kong, 2017 Library of Congress: LC 98-645652 Single copy price HK$50 Annual subscription HK$600/US$90

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COVER STORY

As Hong Kong gets ready to welcome a new chief executive, we look at some of AmCham’s education goals for the year ahead, and beyond

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GOVERNMENT RELATIONS AmCham makes advocacy submissions on pending legislations regarding the local ivory trade and marketing of infant formula, and welcomes Hong Kong’s Chief Executive-elect Carrie Lam

16

DIVERSITY & INCLUSION

The inclusion of people of LGBT backgrounds is not only an issue of diversity but also an issue for businesses operating in Hong Kong, which as an international city requires a large pool of international talent to maintain its competitive edge

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FINANCE & ECONOMICS Strong demand for February’s landmark issue of a 10-year Islamic bond in Hong Kong has revived the discussion on the merits of Islamic finance AmChamHK 4 • 2017

April 2017 Vol 49 No 4

AMCHAM NEWS AND VIEWS

04 President’s Memo 07 New Business Contacts

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Member Spotlight Mark Your Calendar

COVER STORY

REAL ESTATE

Our Future Workforce 08 Mobilizing As Hong Kong gets ready to welcome a new chief

30 A Century of Transformation

GOVERNMENT RELATIONS

INDUSTRY FOCUS

executive, we look at some of AmCham’s education goals for the year ahead, and beyond

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Advocacy in Motion

AmCham has recently made advocacy submissions on pending legislations regarding the local ivory trade and marketing of infant formula, and welcomes Hong Kong’s Chief Executive-elect Carrie Lam

DIVERSITY & INCLUSION Economics of Inclusion 16 The The inclusion of people of LGBT backgrounds is not

only an issue of diversity but also an issue for businesses operating in Hong Kong, which as an international city requires a large pool of international talent to maintain its competitive edge

FINANCE & ECONOMICS Pious Proposition 22 AStrong demand for February’s landmark issue of a

10-year Islamic bond in Hong Kong has revived the discussion on the merits of Islamic finance

CORPORATE SOCIAL RESPONSIBILITY

26 Travel Far, Tread Lightly

A trio of corporate social responsibility practitioners explain how the travel and tourism industries have reduced their impact on the environment and how frequent flyers can do the same

AmChamHK 4 • 2017

John Siu, Managing Director of Cushman & Wakefield in Hong Kong, tells AmCham his story of joining the firm in 1996 and shares his insights about the Hong Kong property market

& Healthcare 34 Insurance Industry Insights and Corporate News AD MediLink Aetna International AIA Group AIG Insurance Hong Kong Allied World Assurance Aon Hong Kong Baxter Healthcare Chubb Insurance Hong Kong Chubb Life Insurance CIGNA Worldwide Life Insurance CXA Group FTLife Insurance Herbalife Asia Pacific Services Hong Kong Adventist Hospital Hong Kong Export Credit Insurance Corp Integrated Chinese Medicine Holdings Jardine Lloyd Thompson Kimberly-Clark (HK) Lockton Companies (Hong Kong) Manulife Matilda International Hospital Mead Johnson Mercer MetLife Natera Inc Now Health International (Asia Pacific) Old Mutual International Isle of Man Prudential Hong Kong Sinophi Healthcare St James’ Settlement Starr International Insurance (Asia) Tsuen Wan Adventist Hospital Walgreens Boots Alliance Willis Towers Watson

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BOARD OF GOVERNORS CHAIRMAN

Walter Dias

VICE CHAIRMAN

Jack Lange

TREASURER

Owen Belman

GOVERNORS

Donald Austin Evan Auyang Sanjeev Chatrath Elaine Cheung Sean Chiao Diana David Sean Ferguson Mark Green Robert Grieves Matthew Hosford Clara Ingen-Housz

Michael Klibaner Simon Ogus Seth Peterson Catherine Simmons Anna-Marie Slot Eric Szweda Rick Truscott Jennifer Van Dale Jenny Wong Patrick Wu Lennard Yong

EX-OFFICIO GOVERNOR

Peter Levesque

PRESIDENT

Tara Joseph

CHAMBER COMMITTEES Apparel & Footwear Ball China Business Communications & Marketing Corporate Social Responsibility Education Energy Entrepreneurs/SME Environment Financial Services Food & Beverage Hospitality & Tourism Human Resources Innovation & Technology Insurance & Healthcare Intellectual Property Law Pharmaceutical Real Estate SelectUSA Senior HR Forum Taxation Trade & Investment Transportation & Logistics Women of Influence Young Professionals

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Gareth Brooks Sally Peng Elaine Cheung Rick Truscott Devin Ehrig Lili Zheng Oliver Rust Pat-Nie Woo Virginia Wilson Rick Truscott Cynthia Chow Jim Taylor Steven Chan Veronica Sze Mark Kemper Peter Liu Julie Brandt Leonie Valentine Rebecca Harrison Hanif Kanji Gabriela Kennedy Chiann Bao Jessica Bartlett Caroline Johnson Edward Farrelly Robert Johnston Terrance Philips Lili Zheng MaryAnn Vale Ivan Strunin Barrett Bingley Gavin Dow Jennifer Parks Anne O'Riordan David Boman Jamie Ford

PRESIDENT'S MEMO

Dear fellow members and friends, Ever since Trump became president and dumped the Trans-Pacific Partnership (TPP) trade agreement, U.S. companies operating overseas have been nervously watching and waiting for the potentially earth-shattering impact on businesses operating in Asia.

Asia today accounts for about sixty percent of the global economy, and American companies are heavily engaged across the region, in countries stretching from Australia to Japan, in a diverse set of sectors ranging from consumer goods to financial services. There are over 1,400 U.S. companies operating in Hong Kong alone.

At an April meeting of American Chambers of Commerce from across Asia (APCAC), the consensus was clear that the U.S. ought to remain actively engaged. Importantly, the view was also that a strategy of engagement in Asia is not at odds with Trump's America First initiative.

Profitable American companies, wherever they do business, help create healthy profits and jobs back home. By tearing down barriers and raising standards in other markets we will see more American made manufactured goods, agricultural products and services.

Whatever trade strategy may replace TPP, those of us in Hong Kong understand that the United States cannot afford to rest on its laurels in Asia. Competition here is becoming more intense - European, Japanese and Chinese firms are all now competing for an increasingly large slice of trade and profits.

It was therefore encouraging to hear that President Trump plans to attend three top Asia Pacific meetings in November - The U.S.-ASEAN summit and the East Asia summit in the Philippines, as well as the Asia Pacific Economic Cooperation (APEC) summit in Vietnam.

As a step away from the politics of trade, but no less important, this issue of AmChamHK magazine puts an important focus on education in Hong Kong.

Educational development and creating a strong workforce for the future in Hong Kong is a priority for us at the chamber, both because we want to see this city succeed and because we want to hire emerging top talent.

I wish you happy reading, and I look forward to seeing you at upcoming chamber events.

Regards, Tara Joseph AmCham President

AmChamHK 4 • 2017

THE AMERICAN CHAMBER OF COMMERCE IN HONG KONG

FAST FACTS COMMUNITY AmCham celebrates over 45 years of promoting business and fostering greater trade ties and community service in Hong Kong

ACTIVITIES Members can access more than 400 programs, seminars, and conferences each year featuring top business and government leaders, industry experts and professional facilitators who address timely and relevant business issues.

MEMBERS Over 1,700 members (40 different nationalities) from over 800 organizations, including multinational firms, small and medium enterprises, entrepreneurs, and non-profit organizations.

COMMITTEES Our members can join and access up to 28 different committees covering industry sectors, professional service sectors, and special segments of the membership.

The American Chamber of Commerce in Hong Kong 1904 Bank of America Tower 12 Harcourt Road, Central, Hong Kong T: (852) 2530 6900 E: amcham@amcham.org.hk www.amcham.org.hk

BUSINESS NETWORKING

INFORMATION

VISIBILITY AND CORPORATE EXPOSURE

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ACCESS

www.amcham.org.hk

AMCHAM Means Business

Members Directory

Over 500 pages in three major sections, including a complete guide to chamber services, corporate sponsors and AmCham Charitable Foundation. This directory lists about 1,400 members from about 700 companies and organizations.

ISBN 978-962-7422-68-6

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The American Chamber of Commerce in Hong Kong 1904 Bank of America Tower, 12 Harcourt Road, Hong Kong.

Tel: (852) 2530 6900 Fax: (852) 3753 1208 Email: hchung@amcham.org.hk

New Business Contacts

View our other members at: www.amcham.org.hk/memberlist

The following people are new AmCham members: Alberta Hong Kong Office

Kong Man Liu

Director- Investment and Trade

Alberta Senior Representative Office in Asia

Ron Hoffmann

Senior Representative for the Asia Pacific Basin

Bureau Veritas Hong Kong Ltd

Thomas Bispham Jr

Head, Strategic Market Development, Asia, Strategic Business Unit

Carter's Global Sourcing Ltd

Bryan Landreth

Vice President, Global Sourcing and Supply Management

Credit Agricole CIB

Francois Martin Frederic de Toldi

Senior Country Officer & Head of Structured Finance Asia Managing Director, Head of Multinational Clients- Asia Pacific, Client Coverage & International Network

Dun & Bradstreet (HK) Ltd

Jorge Forton

Asia President, Dun & Bradstreet

FedEx Express

Carl Occhipinti

Vice President, Finance, Asia Pacific Region

GF Securities (Hong Kong)

Dennis Yao

Business Development Director

Alex Fan

Managing Director

Felix Luo

Business Development Director

Leonie Valentine

Managing Director- Sales & Operations

Google (Hong Kong) Limited

Hongkong and Shanghai Banking Corporation Ltd, The Cerlin Ip

Head of International Subsidiary Banking

Infiniti Motor Company Ltd.

Trevor C Hale

Head of Global Communications

Jones Lang LaSalle Ltd (JLL)

Tammy Hoy

Head of Marketing, Hong Kong & Macau

KPMG

Patrick Kirby

Director, Advisory

KPMG

Jon Sivertson

Director, Infrastructure Advisory

Mainetti (HK) Limited

Jeffrey Hsu

Executive Vice President

MassMutual International LLC

Eddie Ahmed

Chairman, President & CEO

MetLife

Carolyn Chung

Head of Corporate Marketing & Communications

Nardello & Co.

Amie Chang

Associate Managing Director

Old Mutual International Isle of Man Limited

Jason Pearce

Area Manager

Pfizer Corporation Hong Kong Ltd

Anita Chan

Marketing Director

Philips Lighting Hong Kong Limited

Todd Bryan

Vice President/Head of Strategy Business Group LED, Philips Lighting

PricewaterhouseCoopers Ltd

Henri Arslanian

FinTech & RegTech Leader, China/HK and US Liaison

Sherman Chong & Co

Sherman Chong

Founder

Wells Fargo Bank NA

Christina Li

Head of Trade, Hong Kong & Strategic Trade Solutions- Asia Pacific

XUP, Ltd

Henry Hon

CEO

AmChamHK 4 • 2017

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COVER STORY

Mobilizing Our Future Workforce Education policy has become a hot topic globally as drastic shifts in business change the way we think about the future workforce. As Hong Kong gets ready to welcome a new chief executive, we look at some of AmCham’s education goals for the year ahead, and beyond

By Paula Sailes

“I

n the future, will there be lots of robots?”

That’s a question on the minds of a group of bright and excited teenage students in a conference room at Google’s Hong Kong offices where they ask how automation and artificial intelligence (AI) will change their lives.

Their host is Barbara Navarro, Google’s Director of Government Relations and Public Policy for APAC and an AmCham member. She explains that AI is nothing to be scared of – it will change the future of work and free up human brains to do more complex, non-automated tasks, perhaps even making the working week shorter.

In a roomful of digital natives – millennials who have never known life without the internet or mobile technology – Navarro uses an example that some of the students find mind-boggling.

“When I was your age, we had to memorize telephone numbers or carry them around in a little book,” she says.

“Now, with all that information is stored on a device, the

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AmChamHK 4 • 2017

Barbara Navarro, left, Google’s Director of Government Relations & Public Policy for APAC, speaks to local students in a “Conversation with an AmCham Leader.”

“Fostering a global mindset, innovation literacy and the future of work are 2017 priorities.”

-Diana David, Regional Director of Executive Education, Financial Times

part of our brains we used to remember telephone numbers is free to work on something else.”

Inspiring future leaders The visit to Google’s Hong Kong offices is part of AmCham’s “Conversations with a Leader” program, started three years ago by Frank Wong, President of Scholastic Asia and former Chair of the Chamber’s Education Affairs Group (EAG).

“The one resource that AmCham has in abundance is our pool of executive leaders,” Wong says. “For many students from modest backgrounds, they seldom get the opportunity to hear from a senior business executive and to learn from his or her career journey.”

of work. At the same time, globalization and increased connectivity are making traditional methods of teaching outdated.

While it’s impossible to predict exactly what jobs will look like twenty years from now, AmCham’s Education Affairs Group has prioritized three areas to help ensure Hong Kong students are prepared for the labor market.

“If the program could inspire a few of the students to strive to become leaders themselves, then that’s an easy way to give back to the community.”

Diana David, Regional Director of Executive Education at Financial Times and EAG Chair, explains: “Fostering a global mindset, innovation literacy and the future of work are 2017 priorities. This came from interviewing local and international business and HR leaders in the chamber. Anecdotally you hear across start-ups and established businesses that it is difficult to hire people in Hong Kong but we wanted to drill down into specifics to see where we could make an impact.”

Creating a multi-skilled workforce Computerization and machine-learning are just some of the changes taking place that will shape the future

As a chamber of commerce whose members collectively employ hundreds of thousands of staff, AmCham is uniquely positioned to pinpoint the skills employers

AmChamHK 4 • 2017

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“For many students from modest backgrounds, they seldom get the opportunity to hear from a senior business executive and to learn from his or her career journey.”

-Frank Wong, President, Scholastic Asia

are looking for. In their mission to create a forward-thinking, multi-talented workforce, one topic comes up time and again: global competency.

Cultivating a global mindset Sean O. Ferguson is an AmCham governor and serves as vice chair of the Education Affairs Group, the chamber’s strategic advisory body for educational matters. He’s also Associate Dean of Master’s Programs and Director of MBA Programs at Hong Kong University of Science and Technology’s School of Business and Management.

Ferguson says that developing a global mindset not only improves career outcomes for students but also helps secure Hong Kong’s future as an international business hub.

“Between here and Singapore, these are really the only two locations where Asia-Pacific headquarters of multinational corporations are going to be in this part of the world,” he says. “In order for Hong Kong to continue to thrive, we need people who can work, not only in a Hong Kong context, not just in a Chinese context, but also in a global context.”

Diana David agrees, “Hong Kong is home to many regional and global business headquarters. These companies are keen to hire people with the ability to speak foreign languages, work in a multi-cultural

environment with people of different nationalities, and who can understand and communicate across cultures and markets.”

To this end, AmCham is advocating for additional investment for Hong Kong students to study abroad and supporting additional places in international schools which have a diverse mix of students. It’s also spreading the word through its various outreach programs.

“Even exposure is useful,” David explains. “That’s why we invite students into the workplace for our ‘Conversations with an AmCham Leader’ series and support secondary school students for ‘My Future Project’ internships in multinational companies.”

Governmental support On July 1st Carrie Lam will formally be sworn in as Hong Kong’s new chief executive. In her campaign manifesto, she identified education as a key area for development and pledged an extra HK$5 billion in annual funding.

Virginia Wilson, CEO of the Child Development Centre and Chair of AmCham’s Education Committee, says money isn’t the problem. Instead, Hong Kong needs to have a long-term vision and to take a holistic

“In order for Hong Kong to continue to thrive, we need people who can work, not only in a Hong Kong context, not just in a Chinese context, but also in a global context.”

-Sean O. Ferguson, Associate Dean of Master’s Programs and Director of MBA Programs, HKUST

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AmChamHK 4 • 2017

“[Hong Kong] needs a very, very big revamp that looks at the whole picture [of education] and not just the parts.”

-Virginia Wilson, CEO, The Child Development Centre

approach to defining what Hong Kong’s education system should be.

“Hong Kong is branded ‘Asia’s World City’ and strives to become Asia’s education hub, but there’s no congruent policy that helps kids and parents from early to tertiary education,” she explains.

“Hong Kong has a great ability to adapt, and people are certainly capable of making sound decisions, but there just isn’t enough information out there,” she adds. “It needs a very, very big revamp that looks at the whole picture and not just the parts.”

Getting out of the classroom Back at Google’s offices in Causeway Bay – a quick show of hands reveals that more than half of the visiting students are interested in jobs at the Californiabased tech giant.

A sign that Hong Kong students are open to broadening their horizons when it comes to future careers. As Google’s Barbara Navarro puts it: “It’s great to be at school or at university and learn there, but that’s not real life. You never know how one conversation may change someone’s mind, and we should not underestimate that a one-hour talk can make people think a lot.”

AmChamHK 4 • 2017

Schwarzman Scholars Now Accepting Applications Schwarzman Scholars, a highly selective, fully-funded scholarship program for a Master’s Degree in Global Affairs at Tsinghua University in Beijing, has opened their global application for inspiring young leaders. The program is designed to ensure that the next generation of business, political, and civil society leaders can effectively serve as bridges between China and the rest of the world.

The experience encompasses extensive leadership training, a network of senior mentors, practical training/internships, and travel seminars around China. Scholars will learn about the emergence of China as an economic and political force. The dynamic core curriculum offers the choice of concentrations in public policy, international studies, or business and economics.

The scholarship aims to build a professionally diverse cohort each year and welcomes undergraduates, graduates, and young professionals up to age 28 of any citizenship who are proficient in English and have obtained an undergraduate degree. This year the program will accept 140 scholars for the Class of 2019. www.schwarzmanscholars.org

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How long have you been in Hong Kong and what do you like most about life here?

Two months. I like the vibrancy, convenience and people efficiency of Hong Kong.

Favourite weekend getaway?

Singapore and Bangkok.

What is something people would be surprised to learn about you?

That there’s no surprise.

Name: Wee Chin, Oon Job title: President United Technologies Climate Control & Security Company: United Technologies Corp Industry: Air conditioning, building controls, fire safety and electronic security AmCham member since: January 2017

If I wasn’t a business leader, I would be…

Probably a photographer or a pilot.

What was your first ever job?

A cook at KFC in Sydney.

Favourite piece of advice (work-related or otherwise)?

“Not everything that counts can be counted, and not everything that can be counted counts.” - Albert Einstein.

Outside the office, where can we find you / what can we find you doing?

Window shopping, playing golf or badminton.

Name something on your bucket list.

To spend a month in Kamchatka, Russia.

What compelled you to become a member of Amcham?

A strong recommendation from my predecessor and colleague.

Which AmCham event are we likely to find you at next?

At a new member introduction event, or a business forum.

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AmChamHK 4 • 2017

GOVERNMENT RELATIONS

Advocacy in Motion

In the month of April, under the guidance of the board and committees, AmCham has made advocacy submissions to the Hong Kong government on pending legislations regarding the local ivory trade and marketing of infant formula, in addition to welcoming Hong Kong’s Chief Executive-elect Carrie Lam who will take office on the first of July

By Kenny Lau

Upon the 20th anniversary of the Hong Kong Special Administrative Region, AmCham believes there are 10 policy areas that the incoming administration should champion for the city:

10 Opportunities

for HKSAR’s New Leadership

A

s Hong Kong prepares to inaugurate Chief Executive-elect Carrie Lam who will take office on the first of July, AmCham is hopeful that she will become the city’s foremost brand manager promoting Hong Kong’s strategic position as a unique and international city of China and how Hong Kong will strengthen its competitiveness to remain a regional powerhouse.

“The Chamber has known and worked with Carrie for many years through the international business community and many other occasions, and we look forward to working closer with her to enhance Hong Kong’s position as a world-class city in Asia by increasing our competitiveness and livability,” says AmCham Chairman Walter Dias.

AmChamHK 4 • 2017

1. Devise a strategic position for Hong Kong’s economic development and communicate overtly and effectively its position to the broader community here and overseas to make Hong Kong a visible and active thought leader in driving a new era of growth; 2. Narrow the social divide and uplift citizens’ spirit towards the opportunities associated with Hong Kong’s strategic and advantageous position as a gateway to China, global innovative powerhouse and window for Chinese enterprises to go overseas; 3. Proactively present the strong business case and successful stories of how the core values such as rule of law, freedoms and world-class business ethics guaranteed by the ‘One Country Two Systems’ bring about new opportunities in the new, digital economy; 4. Transform the mindset of government to strike a balance between over-regulation and promotion of innovation so as to ensure a genuine ecosystem for building an innovation economy can take place;

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5. Facilitate more and deepen public-private partnership to spearhead government initiatives or incubate projects that could bring in innovation and talents to Hong Kong, and decentralize government powers where applicable to facilitate bottom-up participation;

8. Make Hong Kong a livable and sustainable environment for expatriates by lowering the costs of living and doing business, and improving the environment with greater energy efficiency and planning of space towards sustainability;

6. Be a robust international city role model for China and thought leader in Hong Kong’s business synergy with Southern China leveraging its strong hardware and software, and play the super connector role of China in Belt and Road and other international business opportunities;

9. Strengthen the already strong U.S.-Hong Kong link in trade, innovation, education and culture to facilitate more frequent flows of technology transfer, education exchange, tourism, and potentially many other areas of collaboration; and

7. Make education a top priority to cultivate a future workforce with global mindset, high IT literacy and diversity, which also addresses that problem of social mobility to ensure the broad population is equipped with skills that match the fast-changing business needs;

10. Take a strong advocacy position in regional institutions and negotiations such as the Asia Infrastructure Investment Bank (AIIB) and the Association of Southeast Asian Nations (ASEAN) on Hong Kong’s opportunities as the unique international city of China.

The Right to Information

I

t is paramount that Hong Kong maintains the highest standard in the safety of our food supply, and it is equally important that the same standard is applied to the supply of formula milk from which infants and young children in Hong Kong can properly and adequately be nourished.

That’s precisely the intent of the latest draft of the Hong Kong Code of Marketing of Formula Milk and Related Products, and Food Products for Infants & Young Children (“Hong Kong Code”), which was recently tabled to the Legislative Council Panel on Health Services for discussion.

AmCham maintains that three primary criteria be implemented in the Hong Kong Code, as stated in previous

submissions in 2014 and 2015, regarding the regulatory framework in this area.

1. The Hong Kong Code should ensure a level playing field The Chamber is of the view that if the Hong Kong Code, or similar regulations, were to be implemented in the form of voluntary guidelines only, it would not achieve the objective of providing full and accurate information to consumers. The voluntary nature would lead to unfairness and inequity in the market as there is no level playing field between compliant and non-compliant ones.

Some industry players will inevitably choose not to comply, and in such situations, consumers will be confused by the different marketing behavior of manufacturers and distributors, thus becoming susceptible to misguidance by non-compliant marketing practices. To ensure full compliance, implementation by legislation rather than making it a voluntary code would serve the purpose of consumer protection better.

2. Parents’ right to access information should be upheld The health benefits of breastfeeding have been scientifically proven, and it should be promoted among parents of infants and young children. The government’s efforts to promote breastfeeding and to regulate the inappropriate marketing of breastmilk substitutes are well-founded. One issue, however, is

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AmChamHK 4 • 2017

the proposed regulation of related products intended for children aged up to 36 months.

The proposal goes beyond similar marketing restrictions in other developed countries, such as Singapore, New Zealand and Australia, where they are applied to products for infants up to 6 - 12 months.

It is the fundamental right of consumers that information be available to consumers; otherwise, the capability of parents who need to provide complementary food to their children to make informed choices will be undermined.

3. Manufacturers’ right to provide information should be respected Exaggerated or misleading information must not be

allowed. Responsible industry players who comply with all relevant regulations in Hong Kong should be supported for their right to disseminate evidence-based, scientifically-proven information.

Such information provision is regarded as fair participation in the Hong Kong market, and consumers can surely benefit from facts and genuine information.

The Chamber supports the government’s efforts to protect consumers, promote breastfeeding and develop a legal standard for marketing of infant formula. A balanced view among all stakeholders, including the industry as well as consumers, should be taken into account in any such effort so that it truly protects the interests of everyone involved in the community of Hong Kong.

AmCham Supports

Ban on Ivory Trade

T

he American Chamber of Commerce in Hong Kong fully supports the government’s efforts to phase out the local ivory trade and to increase the maximum penalties for wildlife crime. With support from both U.S. and Chinese governments to combat wildlife trafficking, Hong Kong must take an active role in protecting the natural environment and showcase its reputation as a city of ethical and responsible businesses.

In a letter of support to Tanya Chan, Chairman of the Legislative Council’s Panel on Environmental Affairs, AmCham applauds the pledge to ban the local ivory trade and suggests that strengthened law enforcement against the smuggling of ivory also be carried out simultaneously. As China has announced a ban on ivory trade, Hong Kong needs to close the legal loopholes and eliminate abuse of the licensing system.

According to global conservation group World Wildlife Fund (WWF), Hong Kong has more than a hundred tons of legal ivory (harvested before the Convention on International Trade in Endangered Species of Wild Fauna and Flora) in the possession of some 400 local license holders. However, illegal ivory trade – often using legal ivory as a front – is evident in Hong Kong; over 33 tons of post-ban ivory tusks from freshly killed elephants have been seized in the city since 2000.

AmChamHK 4 • 2017

A significant amount of illegal ivory extracted from poached elephants smuggled out of Africa often end up in Hong Kong (which ranks fifth globally in terms of illegal ivory seized), while China is the largest market for elephant ivory. The impact on wild elephants is staggering: over 30,000 are killed every year in Africa, primarily for their tusks, according to WWF. It is part of the global illegal wildlife trade valued at over US$19 billion annually – a problem Hong Kong should help tackle.

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DIVERSITY & INCLUSION

The Economics of Inclusion Workplace diversity is key to innovation, creativity and productivity. The inclusion of people of lesbian, gay, bisexual and transgender (LGBT) backgrounds is not only an issue of diversity but also an issue for businesses operating in Hong Kong, which as an international city requires a large pool of international talent to maintain its competitive edge

By Jennifer Khoo

Photo: Pixabay

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ecruiting top talent is imperative for companies operating in major financial centers, and Hong Kong is no exception.

As a result, the inclusion of people of lesbian, gay, bisexual and transgender (LGBT) backgrounds is not only an issue of diversity, but is also important for business. According to Open For Business, a coalition of global companies making the case that inclusive, diverse societies are better for business, and LGBT inclusion reflects a progressive environment critical to urban economic growth.

Open for Business argues that countries with a diverse workforce can attract higher levels of foreign direct investment; diverse workforces also propel companies to higher levels of creativity and productivity as well as higher levels of talent recruitment and retention.

In Hong Kong, there is currently no comprehensive legal protection against discrimination on the grounds of sexual orientation, gender identity and intersex status, Equal Opportunities Commission (EOC) reveals in the Study on Legislation against Discrimination on the Grounds of Sexual Orientation, Gender Identity and Intersex Status.

The study, commissioned by the Equal Opportunities Commission and conducted in 2015 by the Gender Research Centre of the Chinese University of Hong Kong, is the first study of its kind in Hong Kong that provides a thorough understanding about discrimination encountered by LGBT groups.

THE LEGAL LANDSCAPE In Stonewall’s Global Workplace Equality Index, broad legal zoning is used to respond to the differing challenges faced by organizations across their global operations. Hong Kong is classified as a Zone 2 country, which means same-sex relationships are legal, but no clear national employment protections exist.

Two further zones exist. In Zone 1 countries, same-sex relationships are legal and clear national employment protections exist on grounds of sexual orientation, while in Zone 3 countries same-sex relationships are illegal.

FREEDOM OF EXPRESSION, ASSOCIATION AND ASSEMBLY Article 27 of the Hong Kong Basic Law guarantees freedom of speech, association, and assembly to Hong Kong residents.

FAMILY AND SAME-SEX RELATIONSHIPS Same-sex sexual acts are legal.

There is no legal system for recognition of same-sex relationships.

Same-sex couples have no legal rights to the benefits that different sex married couples enjoy, such as employment benefits, taxation benefits, IVF treatment and the right to adopt children jointly.

Continues on the next page

AmChamHK 4 • 2017

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The findings, published last year, however, indicate a shifting public mentality regarding LGBT inclusion, with a clear majority, especially among those between the age of 18 and 24, in support of a legislation against discrimination (55.7 percent in 2015 versus 28.7 percent in 2005).

And 48.9 percent of respondents with religious beliefs also agree that there should be legal protection against discrimination on the grounds of sexual orientation, gender identity and intersex status, according to the report.

The Hong Kong Global Workplace Briefing, published by LGBT rights charity Stonewall, provides an overview of how the law affects LGBT rights in Hong Kong (see below summary) where same-sex relationships are legal, but no clear employment protections are in place.

Economically, workplace diversity and inclusion are key to innovation, creativity and productivity, and are essential to Hong Kong’s overall competitive edge. Hong Kong is urged to expand the work-visa program and to recognize legally registered same-sex marriages and domestic partnerships so that more international talent can be part of Hong Kong’s key industries.

LGBT Pride Parade in Toronto, Canada Photo: Pixabay

EQUALITY AND EMPLOYMENT

GENDER IDENTITY

IMMIGRATION

Article 25 of the Basic Law states that all residents are equal before the law.

There is no legislation setting out the process for gender recognition and related rights such as privacy, marriage, parental rights.

In relation to immigration and work visas for persons from overseas, there is no right for persons in same-sex relationships in another jurisdiction to obtain a dependent visa for their same-sex partner. This means their partner is unable to work and obtain other benefits that are available to different-sex spouses.

Article 22 of the Hong Kong Bill Of Rights Ordinance provides for equality before the law and prohibits discrimination on “any ground.” This has been interpreted by the courts as covering sexual orientation and gender identity.

There is no comprehensive legislation prohibiting discrimination on grounds of sexual orientation or gender identity.

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The Immigration Department is in charge of the legal gender change process.

The procedure allows for legal gender change only after sex reassignment surgery including sterilisation.

The legal gender can only be changed on some identification documents but not the birth certificate.

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Econ omi c pe rfor man ce

The Economic and Business Case for LGBT Inclusion Urban Economic Growth

Foreign Direct Investment

National Reputation

LGBT discrimination can shape percepLGBT inclusion is characteristic of a tions on a world stage, with a negative diverse, creative and progressive environimpact on tourism, talent attraction and ment, which creates the right conditions export markets for consumer goods. for urban economic growth.

LGBT inclusion is associated with countries which attract higher levels of foreign direct investment.

Busi ness perf orm ance

Tourism is a key component of Hong The creative and cultural industries Kong's economy, especially for the retail continue to grow steadily in Hong Kong, industry. During the first six months of accounting for 5.0% of Hong Kong’s GDP 2016, total tourism expenditure fell 13.6 in 2014, up from 3.8% in 2005 (Census & Tolerance and inclusion percent compared to the same period Statistics Department HKSAR Governhelps to attract FDI in 2015 (Hong Kong Tourism Board). ment). The government has recognized (Deloitte), which plays a key LGBT inclusion can help boost Hong this as a potential growth engine moving role in Hong Kong's economy.

Kong's international reputation and forward, enabling funding for local The territory continues to attract more tourists to the city. projects and regional partnerships. rank second in global FDI Especially as neighbours, such as Making Hong Kong more LGBT-inclusive inflows, just behind the US Taiwan, become more inclusive, Hong can help to boost this growth by facilitat(Invest Hong Kong).

Kong needs to position itself as a ing more creative players who are destination that is open to everyone. attracted to openness and tolerance.

Innovation

Retaining Talent

Companies that are more diverse and inclusive have higher levels of inclusion and creativity.

Companies that are more diverse and inclusive have higher rates of retention of talented employees.

BInd ividu al pe rfor man ce

Innovation and R&D is rapidly growing in Hong Kong.

22% of LGBT people surveyed in Hong Kong have left or Total expenditure on R&D grew at roughly 6% annually have considered leaving a job due to an anti-LGBT from 2010 to 2015 (Census & Statistics Department climate in the workplace (Community Business).

HKSAR Government), signalling the business community's Additionally, the labor force in Hong Kong is expected to recognition of the need for innovative products and drop after 2017, making it more difficult to replace ideas. Studies show that workplace diversity - which is talent who leave due to feelings of discrimination. encouraged by a favorable LGBT environment - leads to Companies with inclusive workplace environments fresh and new ideas (MIT). generally experience lower rates of staff turnover.

Individual Productivity Individuals working in open, diverse, inclusive environments have greater productivity – more efficient work with higher quality outputs. This comes from higher levels of motivation and job satisfaction and better mental health.

LGBT-inclusive environments don't just improve the productivity of LGBT people (Centre for Talent Innovation), they also increase the productivity of non-LGBT employees (Journal of Experimental Social Pyschology).

AmChamHK 4 • 2017

Information provided by Open For Business, September 2016

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A Voice for Greater Inclusion and Diversity in the Workplace The American Chamber of Commerce in Hong Kong calls on the HKSAR Government to take a proactive role in incentivizing workplace diversity and to promote inclusion measures that exceed mere compliance.

AmCham suggests the Government pays greater attention to the LGBT community and suggests the following recommendations to sustain Hong Kongâ&#x20AC;&#x2122;s attractiveness to talent from around the world

C

M

Y

Expand the work visa program to permit organizations to recruit top talent early in their careers and to retain them for longer

CM

MY

CY

CMY

Promote workplace inclusivity and enhance public education to eliminate discrimination against ethnic minorities and the LGBT community

Recognize legally registered same-sex and domestic partnerships, and marriages, in order to attract international talent

Promote workplace diversity to cultivate a work environment that is favorable toward workers in the creative sectors and other industries that drive innovation

Update Hong Kong employment law to meet current international standards and to encourage best practices that will increase the cityâ&#x20AC;&#x2122;s competitiveness

Hong Kong needs supportive legislation, greater understanding through education and better promotion to foster a higher level of diversity and inclusion in the workplace that will create a more competitive global business hub.

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FINANCE & ECONOMICS

A Pious Proposition

Strong demand for February’s landmark issue of a 10-year Islamic bond in Hong Kong has revived the discussion on the merits of Islamic finance

By Jennifer Khoo

H

Hong Kong set a benchmark for issuers of Islamic finance when it became the first AAA-rated government to issue sukuk with a 10-year tenor.

February’s US$1-billion issue was the government’s third U.S. dollar-denominated Islamic bond, following two Sharia-compliant issuances in 2014 and 2015.

In the face of global economic uncertainty and the prospect of U.S. interest rates rising during the investment’s long tenor, the demand for the securities was strong. Twice as many orders were received as there were securities issued, with investors outside the Islamic world and first-time investors in sukuk heavily involved.

Principled Funds Islamic finance follows three basic principles in order to comply with Sharia law. First, the payment of interest is not allowed because money is regarded as a medium of exchange, without intrinsic value. Second, transactions involving excessive uncertainty and speculation are avoided, which often means investments are asset-backed. Third, investors cannot make transactions that support activities considered irresponsible or unethical. Investing in the manufacture of arms or the production of alcoholic drinks, for example, is prohibited.

So, sukuk are asset-based securities that afford investors partial ownership of a tangible asset, project, service or business that is considered Sharia-compliant. By contrast, the closest corresponding investment in conventional financial markets, a bond, is a debt instrument used to finance virtually any endeavor.

Instead of interest, the sukuk investor is rewarded with a share of the profits generated by the asset. The investor must also bear a share of the loss if the asset fails to perform as expected.

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An ancient investment instrument, but one that did not have a global appeal, modern sukuk became prominent in the 1990s as a device to improve short-term liquidity. Some corporates, such as insurance companies and private banks, are attracted to sukuk because of their potential for a long-term, steady return on assets.

Morals of Moneymaking Dollars are just one measure of wealth and they might be considered a very poor one at that. The moral principles that guide Islamic banking may provide the community with value that goes beyond profit. The World Bank specifies that Islamic finance is “equity-based, asset-backed, ethical, sustainable, environmentally and socially responsible. It promotes risk-sharing, connects the financial sector with the real economy and emphasizes financial inclusion and social welfare.”

More than four-fifths of Muslims avoid banks and other conventional sources of finance for religious reasons. The community’s involvement makes Islamic finance more inclusive, making it easier for small- and medium-sized enterprises, the poor and the unbanked to obtain finance.

Islamic finance may also contribute toward economic growth and encourage a more equitable distribution of wealth. The accessible and uncomplicated arrangements for sharing profits, as well as losses, can lead to finance that facilitates economic activity that boosts productivity and creates jobs.

That speculation is restricted and tangible assets are at the heart of the transactions ensures financiers support only transactions that contribute real value to society.

By specifying that investors behave ethically, Islamic finance might also promote greater financial stability. Protected by the fundamental principles that risk should be shared and financial speculation avoided, many Islamic financial institutions emerged unscathed from the Global Financial Crisis of 2008.

Photo: Pixabay

At 3.132 percent, the yield of February’s sukuk is less than that of most other AA-rated 10-year sukuk in the market. But demand for the securities shows a willingness to accept lower returns in exchange for a safer, more stable investment.

The potential for developing a significant market for Islamic finance is acknowledged by the Hong Kong government. “The success of the transaction is a testament to investor confidence in Hong Kong’s credit strengths and economic fundamentals,” Hong Kong’s Financial Secretary Paul Chan said after February’s issuance. “I hope that the sukuk issuance will provide momentum for further growth of the sukuk market in Hong Kong and attract more issuers and investors to participate in our bond market.”

AmChamHK 4 • 2017

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Unlocking the Potential AmCham member Deborah Leerhsen, the managing director of HSBC Global Banking and Markets, explains Hong Kong’s advantages as a center for Islamic finance Why should Hong Kong embrace Islamic finance?

The development of Islamic finance in Hong Kong is a natural extension of the city’s role as an international financial center. Hong Kong is unique in that it is a financial gateway to the People’s Republic of China and therefore is an ideal place to intermediate between Islamic finance investors and issuers. Economic growth in the mainland has also led to increased funding and investment needs, prompting Chinese issuers to consider the Islamic finance market as a potential source for funding and investment.

Why is Hong Kong suitable as a center for sukuk?

The Hong Kong government has launched three sukuk offerings – in 2014, 2015 and this year, based on the ijarah and wakalah structures – each of which was jointly led by HSBC. The success of these issues demonstrates that the city is qualified to be a hub for sukuk. The most recent transaction attracted a number of international and local investors.

In addition to highlighting Hong Kong’s established profile in the international capital markets, this deal demonstrates that the city’s legal, regulatory and taxation frameworks are well-suited for capital markets issuance, including sukuk. The deal capitalized on the city’s credit strength, its investment- grade credit rating of AA+ by Fitch Ratings and AAA by Standard & Poor’s, and it set an important benchmark for private-sector issuers in the sukuk market.

Deborah Leerhsen

How can AmCham members find out more about Islamic investment?

The government is promoting further development of the Islamic finance market in Hong Kong and there is a website providing updates at www.hkgb.gov.hk. HSBC has a dedicated Islamic finance team, with considerable experience in structuring and executing sukuk transactions.

For more information, see www.hsbcamanah.com or contact me.

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AmChamHK 4 • 2017

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CORPORATE SOCIAL RESPONSIBILITY

read Lightly A trio of corporate social responsibility practitioners explain how the travel and tourism industries have reduced their impact on the environment and how frequent flyers can do the same

By Jennifer Khoo

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W

hether driven by a need to cut costs or to be better corporate citizens, organizations in the hospitality, travel and tourism industries are changing their behavior for the better. Many companies in these allied industries recognize that the environment, people and the communities they form are valuable resources, and that long-term sustainability in these industries requires careful consumption of those resources.

To mark the United Nations’ International Year of Sustainable Tourism for Development, AmChamHK spoke to three corporate social responsibility practitioners who specialize in tourism and travel: Evelyn Chan, head of environmental affairs for Cathay Pacific Airways; Natalie Chan, Director of PIE Strategy Limited and the former global director of corporate responsibility and sustainability for Hongkong and Shanghai Hotels; and Carmen Ng, director of sustainability for Langham Hospitality Group. They told us how the travel and tourism industries are adopting sustainable practices and how individuals can travel responsibly.

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What are the biggest challenges facing responsible travel?

Evelyn Chan: The aviation industry accounts for 2 percent of all human-induced greenhouse gas emissions globally and this is set to grow, due to the increasing demand for travel, especially from rapidly developing regions. We recognize that emissions are a big concern and so helping our fellow-travelers reduce their impact on climate change is one of our top priorities and challenges.

Evelyn Chan

Natalie Chan: Sustainability improvement comes not just from policies and system improvements. It also counts on each and every staff to translate these policies and principles into actions on the ground. I’ll give you an example: engineers can install energy-efficient LED lights to potentially save a lot on the hotel’s energy use, but if room attendants don't have the habit of turning off lights after they clean the room, you still end up wasting energy.

Employee engagement is key to creating a culture of sustainability.

Carmen Ng: Waste is our biggest challenge in the hospitality industry, despite the Hong Kong government’s upcoming waste charging scheme and a greater overall focus on recycling and repurposing.

For example, the mattresses and furniture used by hotels are too big to fit into a typical Hong Kong home and it isn’t easy for NGOs to collect and reuse them, either.

Carmen Ng

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AmChamHK 4 • 2017

What is your advice to travelers who want to ensure they are responsible tourists?

Evelyn Chan: Offset the carbon emitted from your flights. You can do this via Cathay Pacific’s FLY greener carbon offset program by contributing to carefully chosen and verified projects that reduce or prevent carbon dioxide emissions and provide community benefits.

Currently, these consist of a wind farm project in Taiwan which provides employment, and a clean-burning, efficient stove project in the mainland which improves the air quality. Also, look out for new projects to be added later this year.

Travelers can use cash or frequent-flyer miles, Asia Miles, to purchase their offsets. All money paid for the offsets goes directly to the running of these projects.

This is a value-added service for our customers and Cathay Pacific does not obtain any financial gain.

Natalie Chan: One thing travelers can do is to ask questions. In hotels, ask how much energy is used in washing the linen. In restaurants, ask servers where the food comes from and how it was sourced. In spas, ask whether the products have been made with environmentally friendly materials. Guests have enormous power to change the industry. When enough guests demand sustainable practices, they will happen.

Carmen Ng: Start with simple steps, such as taking the unused toiletries in your room with you when checking out and using them on your next trip. Try to order food in the right portions, so no food waste is generated.

Explore cities with bike-sharing programs or simply walk. Check with your concierge to ensure personal safety is not an issue.

To ensure that we walk the talk, Langham Hospitality Group has partnered with EarthCheck which offers a credible independent auditing and monitoring service, and is the leading international sustainability benchmarking and certification service for the travel and tourism industry. Fifteen of our 20 hotels are certified under the EarthCheck program.

AmChamHK 4 • 2017

Natalie Chan

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REAL ESTATE

Founded 100 years ago in New York by a couple of brothers- in-law, Cushman & Wakefield is a global real estate services provider with 45,000 employees in more than 70 countries. In a conversation, John Siu, Managing Director for Hong Kong, tells us his story of joining the firm in 1996 and shares his insights about the Hong Kong property market

By Kenny Lau

What is your professional background?

I started my career in real estate after graduation from HKU in 1989. I was an office broker of another real estate service provider, with a focus on office leasing, sale and purchase transactions. I also handled landlord representation assignments, including Metroplaza, a twin tower office development in Kwai Chung developed by Sun Hung Kai Properties.

It was a pioneer of decentralized Grade A office development in the early 1990s.

I joined Cushman & Wakefield in 1996 as a senior broker, focusing on landlord leasing instructions for office development and later tenant representation. In the early 2000s, I was Account Director serving corporate clients in the region, an exciting opportunity to deepen my relationship with colleagues and clients in APAC, EMEA and the Americas.

I also ran the leasing team of our Hong Kong office where revenue doubled within three years. From 2007 to 2015, I served as Head of Cushman & Wakefield’s Hong Kong office and took responsibility for our Guangzhou and Shenzhen offices for a few years. Since the merger with DTZ in

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AmChamHK 4 • 2017

John Siu, second left, Managing Director for Cushman & Wakefield’s Hong Kong office, is responsible for over 300 staff, overseeing multiple functions in brokerage and other professional services.

September 2015, I have been overseeing a team of 300-plus in brokerage and professional services as well as other support functions.

What do you find attractive about the industry?

I like beautiful architecture, and I like real products that I can see, touch and use. Real estate carries a lot of weight in today’s economy, and it is one of the most important investment tools. I can see a life-long career in the industry, and I am certainly proud to have helped clients transform the way people work, shop and live in the past 28 years.

What is the history of Cushman & Wakefield? Why is Hong Kong an important market?

Today, Cushman & Wakefield is among the largest commercial real estate services firms with revenue of US$6 billion. It was founded in New York in 1917 by brothers-in-law J. Clydesdale Cushman and Bernard Wakefield – 2017 marks the 100th anniversary of our brand. That is, 100 years of taking our clients’ ideas and putting them into action.

AmChamHK 4 • 2017

Hong Kong is a leading city in the APAC region, and multinational corporations have chosen Hong Kong as their regional headquarters for its free economy, low tax rates, well-established legal system and English-speaking workforce. The Hong Kong government has created a solid platform here to allow free capital inflow and outflow for both local and international players.

From a real estate perspective, investors like the high level of transparency and liquidity of the Hong Kong market, and occupiers like the range of products at different price levels in all real estate sectors. Under the “One Country, Two Systems,” Hong Kong is a gateway city for multinational corporations to enter the China market and for mainland Chinese companies to extend their footprint outside China.

It’s also why we have created a “China Business Platform” in Hong Kong to identify and capture the potential business opportunities from mainland Chinese corporations looking to expand in Hong Kong and in the other major markets across the globe.

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How does real estate serve as a vehicle of investment?

Investors usually look for return on real estate investments from two perspectives, namely rental income and capital gain. When a property is leased to a tenant, the investor holding the property will benefit from the recurring rental income (which is relatively stable and predictable).

While holding the property, the value of the property may appreciate over time and create potential capital gains (which can be more unstable and unpredictable depending on the market). Investors may enhance their return on investment by repositioning the tenant mix, changing the permitted uses, refurbishing the building facilities or redeveloping the building.

How closely tied is Hong Kong’s market to the global economy?

The Hong Kong residential and commercial markets are a lot more volatile and open than any other major city in the world, with substantial capital and rental value fluctuations within a short period of time. Unlike some other cities, there is no restriction on foreign ownership.

The Grade A office leasing market in Greater Central is highly dependent on the global economy. Rents dropped 45 percent within a year following the financial crisis in September 2008, and rebounded by 82 percent within two years from September 2009 when the U.S. economy started to recover gradually. Rents also dropped by 22 percent over 12 consecutive quarters beginning in Q4 2011 due to the European sovereign debt crisis, and a recovery only began in late 2014.

How’s the current HK market performing? What was most striking in 2016?

Both capital and rental values of office and residential properties are currently at record high levels. Obviously, it is the result of the current imbalanced real estate market conditions – with demand outpacing supply, particularly in core locations. Some local, Chinese and overseas investors are still looking for investment opportunities in the Hong Kong office and residential sectors.

The dominant position of mainland Chinese investors and occupiers in the Hong Kong office sector was a major development in 2016. In Greater Central, their purchases accounted for 26 percent of office transactions (consideration over HK$100 million), and occupiers contributed 60 percent of the major new lettings (more than 10,000 sq. ft.). The aggressive attitude of Mainland Chinese developers in government land sales (mainly residential sites) was also very eye-catching.

Mainland Chinese occupiers have maintained their dominance in the office leasing market, and they accounted for 37 percent of the major new office lettings in Greater Central in Q1 2017.

Given the lack of supply in the area, rents continue to find support from the strong demand, although we are seeing a trend of decentralization among traditional occupiers such as law and other professional services firms.

Will rising U.S. Fed rates have an immediate impact on the market?

The U.S. Fed rates will have minimal impact on the Hong Kong commercial and residential markets in the short-term as the mortgage interest rates currently offered by banks in Hong Kong remain unchanged, even though the U.S. Fed rate has increased by 50 basis points since mid-December 2016.

However, we do expect that when the interest rate gap between USD and HKD becomes wider (probably in Q4 2017 or Q1 2018), banks in Hong Kong will be required to follow the pace of U.S. Fed rate increase.

As a result, the increase in mortgage interest rates in Hong Kong will have a cooling effect on investment activity and pricing levels of both commercial and residential markets.

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AmChamHK 4 • 2017

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INDUSTRY FOCUS

Insurance & Healthcare: Industry Insights and Corporate News

By Jennifer Khoo

AD MediLink Healthcare advisory firm AD MediLink has reported the opening of Hong Kong’s newest private hospital, Gleneagles Hong Kong Hospital (GHK) – a 500-bed multi-specialty private tertiary hospital located in Wong Chuk Hang on Hong Kong Island. It is the 12th private hospital in Hong Kong and dedicated to providing quality healthcare at slightly more affordable rates than other private hospitals in the city.

GHK is also the first private teaching hospital, amongst two other teaching hospitals in Hong Kong. In collaboration with the University of Hong Kong, it will provide training and development to doctors, nurses and other healthcare professionals whilst also contributing to the advancement of clinical research.

“AD MediLink announces newly opened Gleneagles Hong Kong Hospital.”

Aetna International Aetna International, one of the world’s leading health insurance providers, is calling for urgent efforts among governments, food producers and retailers, employers and insurance companies in tackling the growing global crisis of obesity. It suggests a holistic approach combining health incentives, taxes and education programs to tackle “globesity.”

A recent report by Aetna, Globesity: Tackling the World’s Obesity Pandemic, shows that obesity rates have more than doubled since 1980, with 13 percent of adults worldwide classified as obese and nearly 40 percent as overweight. It also predicts that these numbers will rise further if urgent, collaborative and targeted action is not taken.

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“Global obesity has reached pandemic levels, Aetna report finds.”

AmChamHK 4 • 2017

AIA Group AIA Group Limited (AIA), the largest independent publicly-listed pan-Asian life insurance group, has signed a multi-year agreement with English footballer David Beckham, under which he will become the company’s global ambassador and support AIA in its goal of helping people in the Asia Pacific region live longer, healthier, better lives.

Beckham will appear at AIA’s community and business activities to personify and demonstrate the benefits and the importance of maintaining a healthy lifestyle. His appointment follows the launch of AIA Vitality, Asia’s first and only comprehensive science-backed wellness platform. It provides the knowledge, tools and motivation to help bring about long-term positive behavioral change for a healthier lifestyle.

“AIA appoints David Beckham as its global ambassador.”

AIG Insurance Hong Kong Limited As Chinese and Asian multinationals expand overseas, they will face unique risks and liabilities in every market they enter, according to a recent article published by AIG. This is particularly the case in markets outside of Asia, where shareholder claims and class action lawsuits can cost companies millions of dollars in defense and settlement costs.

This is not a phenomenon restricted to the United States, where companies are generally aware that corporations face a generally more litigious environment.

Australia has seen a significant increase in shareholder class action suits in recent years and is now the jurisdiction where corporations are most at risk of facing class action outside of the U.S. market.

“AIG on risks facing Asian multinationals expanding overseas.”

Allied World Assurance Company, Ltd Allied World Assurance Company’s Accounts Receivable Insurance offering is now available in 49 states across the U.S. and the city of Washington, D.C. The coverage will help chief financial officers and other senior financial executives mitigate the risk of non-payment for their companies due to customer insolvency, protracted default and/or political risk.

This will enhance the ability to reach more customers and help them protect their companies’ balance sheets. In addition, Hugo Carson has joined the team as Vice President, Accounts Receivable Insurance, and will be based in Chicago. He brings over a decade of credit insurance underwriting experience to Allied World.

“Allied World expands Accounts Receivable Insurance offering in North America.”

Aon Hong Kong Limited Aon’s latest 2017 Risk Maps report on Political Risk and Terrorism and Political Violence finds that an evolving terrorist treat and populist nationalism are creating an increasingly volatile operating environment for international business, with impacts including business interruption and disruption in the supply chain.

Other violent risks are also evolving at the geopolitical level, leading to increased defense spending, more authoritarian forms of government and a weakening consensus between states. These developments have underlined the importance of considering crisis management perils that go beyond property damage, particularly in sectors that have been most affected such as oil and gas, transport and retail.

AmChamHK 4 • 2017

“Populism and terrorism converge to compound global risks, Aon’s report reveals.”

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Baxter Healthcare Limited When hospitalized patients are malnourished due to inadequate consumption of calories, protein and other nutrients needed for tissue maintenance and repair, there can be significant human and healthcare costs, reports Baxter Healthcare.

“Baxter reports

In the U.S., malnourished inpatients are exposed to a five times greater likelihood of mortality and are two times more likely to have an extended hospital stay than regular patients.

healthcare costs

This creates an estimated US$42 billion burden to the healthcare system, according to Baxter. In addition, malnourished patients are 54 percent more likely to be readmitted within 30 days, which may lead to an additional US$17,000 in hospital costs per patient.

on human and of malnutrition in U.S. hospitals.”

Chubb Insurance Hong Kong Limited More than 50 percent of 500 high-net-worth individuals (HNWIs) surveyed in the UK, Ireland and France are concerned that they are underinsured and are worried they are buying insurance that may be inadequate for their needs, according to research published by Chubb Insurance.

Findings of the research suggest that HNWIs look for service excellence in their insurance cover, identifying three main “pillars” of what high-quality service looks like. They are: platinum support – a high level of responsiveness with a single named point of contact; specialization – addressing their unusual lifestyle and atypical possessions; and superior claims-handling experience – a fair, expert and “pain-free” process of filing claims.

“Chubb research shows high-networth individuals worry about underinsurance.”

Chubb Life Insurance Company Limited Chubb has appointed Michael Ho to the role of Country President for Chubb Life in Hong Kong, responsible for leading the Hong Kong operations for Chubb Life (the life insurance division of Chubb) which provides a broad range of life insurance and wealth management solutions for customers at different stages of life.

With more than 16 years of life insurance industry experience, specifically in growing agency capabilities, Ho has a proven track record in “delivering outstanding results.” He joins Chubb from Prudential Asia, where he most recently held the role of Regional Chief Agency Officer, responsible for building and developing the regional agency capabilities in Asia.

“Chubb appoints Michael Ho as Country President for Chubb Life in Hong Kong.”

CIGNA Worldwide Life Insurance Company Limited Cigna Hong Kong has launched “Cigna HealthSecure Protection Booster,” a new product that offers critical illness protection to customers throughout all stages of their lives. Depending on specific options, policy holders can enjoy a guaranteed increase in the sum insured after a designated period, or opt for retaining the sum insured when their financial needs change.

It covers 53 critical illnesses, including cancer, stroke and heart disease, all three of which are common in Hong Kong. In the unfortunate event that the person insured is first diagnosed and confirmed to have any of those illnesses, 100 percent of the sum insured will be paid to provide financial support.

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“Cigna Hong Kong launches HealthSecure Protection Booster.”

AmChamHK 4 • 2017

CXA Group Singapore-based digital health tech company CXA is the first recipient of funding from a joint investment between EDBI (corporate investment arm of the Singapore Economic Development Board) and Royal Philips – a partnership which aims to help high-potential digital health companies build technological capabilities to innovate, scale up and expand regionally and globally to address the healthcare needs of an aging population.

The CXA platform helps employers consolidate their vendors into a one-stop marketplace by digitizing claims, health data and payment flows among employees, employers, insurers and providers. CXA can also benefit from integrating Philips’ health monitoring solutions to track employees’ vital signs and to help them prevent and manage chronic conditions.

“Digital health tech company to be backed

by Singapore Economic Development Board.”

FTLife Insurance Company Limited FTLife Insurance Company Limited (FTLife) has launched a first-of-its-kind medical service for its customers who may now seek complimentary advice from doctors at FTLife’s customer service center in Tsim Sha Tsui, a service available every Wednesday on an appointment basis.

The service center is unparalleled in Hong Kong’s insurance industry in that it offers a unique proposition of a one-stop shop for application, underwriting, medical and many other aspects. The goal is to provide an additional way for consumers to maintain good health through a professional medical team and a range of health-protection products.

“FTLife unveils first-of-its-kind medical consultancy for customers – free of charge.”

Herbalife Asia Pacific Services Limited As part of its business plan to expand globally, nutrition company Herbalife has reached an agreement to form a joint venture with Tasly Holding Group, a traditional Chinese medicine (TCM) health products and services corporation which manages a broad spectrum of leading pharmaceutical, consumer products, healthcare services and distribution channels in China.

The joint venture will develop and commercialize high-quality consumer health products using Tasly’s deep portfolio of proprietary formulations, patents, know-hows, and clinical studies, and it will leverage Herbalife Nutrition’s scientific, regulatory and commercial development expertise and distributor network to bring the products to a global market.

“Herbalife agrees to form joint venture with China’s Tasly Holding Group.”

Hong Kong Adventist Hospital In an online post, Fion Lin, a registered dietitian at the Hong Kong Adventist Hospital, advises readers on the best diet for stress relief which involves adequate consumption of certain nutrients. Vitamin B helps the human body maintain a healthy nervous system, relieve stress and improve quality of sleep and energy levels.

Foods containing a combination of tryptophan and carbohydrates enhance the release of insulin, which helps tryptophan enter the brain to stimulate production of the stress-relieving hormone serotonin. Omega-3 fatty acid, commonly found in salmon, tuna and sardine, helps to relax blood vessels as they often become tense under stress and elevation of blood pressure.

AmChamHK 4 • 2017

“Hong Kong Adventist Hospital advises on the best diet for stress relief.”

37

Hong Kong Export Credit Insurance Corporation The value of Hong Kong total exports of goods increased by 18.2 percent in February 2017 to HK$241.7 billion over a year earlier, reports the Hong Kong Export Credit Insurance Corporation (HKECIC). The value of re-exports increased by 18.4 percent to HK$238.9 billion, while the value of domestic exports decreased by 3.8 percent to HK$2.8 billion.

Exports to the Mainland and many other Asian markets were the main driver of growth.

The global trade environment, however, remains subject to uncertainties, including those associated with the interest rate normalization and other policy direction in the U.S., Brexit-related developments, as well as heightened geopolitical tensions in various regions.

“Hong Kong total exports value increased by 18.2 percent in February, reports HKECIC.”

Integrated Chinese Medicine Holdings Ltd Research compiled by the Integrated Chinese Medicine Holdings reveals that tea, especially green tea, is an important source of polyphenols, which act as strong antioxidants.

Green tea’s beneficial effects are attributed to its ability to reduce oxidative stress, lipid peroxidation, free radical generation and unhealthy LDL cholesterol-oxidation.

Several oxidative stress conditions – such as highly competitive physical exercise or pregnancy – can result in an increase of membrane-bound haemoglobin (MBH) due to the degradation of red blood cell metabolism and of the antioxidant defenses in aged and damaged red blood cells. In a clinical study, green tea is associated with a significant decrease in MBH, suggesting a reduced oxidative stress within red blood cells.

“ICMH compiles research on the benefits of green tea.”

Jardine Lloyd Thompson Limited Life Sciences companies will need to balance increased pricing pressures, a growing regulatory burden and the emergence of cyber risks in 2017, according to recent research by JLT. Consumers want more focused and customized treatments, but governments and health insurers may baulk at the cost of some innovative treatments.

The regulatory burden on industry-wide compliance has also increased: the U.S. Food & Drug Administration (FDA) is phasing in tougher rules to track and trace products and ingredients in the pharmaceutical supply chain, and similar rules are being developed in Europe. Cyber risk is another pressing concern for the sector where hacking in the supply chain and manufacturing processes is being discovered.

“Life Sciences firms face increased pressures and risks in 2017, finds JLT research.”

Kimberly-Clark (HK) Limited Kimberly-Clark, a U.S.-based company specializing in health & hygiene products, said it is focusing on providing superior quality products for babies and women in its broad-based market in India, a market it currently serves from its Mumbai headquarters and a Pune-based manufacturing facility. With 25 million babies a year, India accounts for US$350 million of the diaper category.

Describing Asia as the most promising growth market, Achal Agarwal, President for Asia Pacific at Kimberly-Clark, highlights the firm’s corporate social responsibility commitment in the country, including restoring school toilets and driving behavioral change among students towards open defecation.

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“Kimberly-Clark to focus on its broad-based market in India.”

AmChamHK 4 • 2017

Lockton Companies (Hong Kong) Limited 2016 was a tumultuous year for the environmental insurance market, according to Lockton’s Market Update, given the critical rhetoric of climate change and the U.S. environmental policy in general by the Trump administration. However, any cutback in enforcement or reduction in regulatory standards at the federal level may potentially be offset at the state level.

California, for example, is a state that routinely adopts more stringent standards than those set by the Environmental Protection Agency, and is one of the most productive economies in the world, demonstrating that businesses can thrive despite progressive environmental ideology guiding the formation of regulations at the state level.

“Environmental Insurance market faces uncertainty in 2017, Lockton reports.”

Manulife Manulife recently announced that Roy Gori, currently Senior Executive Vice President and General Manager of Manulife’s Asia Division, has been appointed the company’s President, effective June 5th. Gori will have responsibility for Manulife’s global operating businesses, reporting to Chief Executive Officer Donald Guloien.

Gori will assume leadership of Manulife’s Canadian, U.S. and Investment operations, in addition to Asia. He will also be responsible for developing and executing Manulife’s business strategy. Gori, currently based in Hong Kong, will relocate to Toronto. Chief Investment Officer Warren Thomson, GM of Canadian Division Marianne Harrison, GM of U.S. Division Craig Bromley, and GM of Asia Division (once appointed) will report directly to Gori.

“Manulife appoints Roy Gori as President.”

Matilda International Hospital The Matilda International Hospital has announced its service development plan for 2017, which includes the opening of a downtown family clinic and the introduction of new medical technology and equipment. In January, it unveiled a new brand identity to mark its 110th anniversary.

The in-town Matilda Clinic is scheduled to open in Q2 at Caine Road, Mid-Levels, mainly providing family medicine, blood tests and vaccination services. In addition, it plans to expand its Medical Surgical Ward and to introduce several new medical technologies in 2017, including Hong Kong’s first 3D flat panel mobile C-arm in the operating theatre, holmium laser equipment and new CT scan equipment.

“Matilda International Hospital reveals service development plan for 2017.”

Mead Johnson Scientific research, conducted at nutrition company Mead Johnson and various academic institutions, has found that human milk oligosaccharides (HMOs) – which act as prebiotics and are important for the growth and development of a healthy digestive tract – not only help improve an infant’s digestive health but also boost the immunity system.

Studies have shown a link between prebiotic intake and improved immune function in infants, including reduced incidence of infections, fever episodes, dermatitis and allergies. Babies who consume human milk or formula with prebiotics experience a significant increase in the growth of beneficial types of bacteria which aid in digestion and help promote the overall health of the digestive tract.

AmChamHK 4 • 2017

“Mead Johnson publishes research on link between immunity and prebiotics.”

39

Mercer According to Mercer’s LGBT Benefits around the World Survey, while many global organizations have adopted broader diversity and inclusion policies, just over half have tailored these policies to specifically accommodate LGBT employees. Notably, most organizations that have adopted a stand-alone policy for LGBT employees have done so as a global policy for all locations.

“Employers recognize

In the survey, one-third of organizations do not have a designated program for LGBT employees within their diversity and inclusion policy, and 20 percent rely on other corporate policies to accommodate for LGBT individuals. However, most have adopted a policy that protects employees from workplace discrimination or harassment.

accommodate

importance of LGBT benefits to evolving workforce.”

MetLife According to research compiled by MetLife, an increasing number of women are business owners and are gradually taking on a larger role in building a secure financial future for their families. A survey by Fidelity Investments found that 92 percent of women wanted to learn more about financial planning and that 83 percent intended to get more involved in their finances.

Women are put at a disadvantage when planning for a secure financial future, especially after retirement, because they live longer and typically have higher health care expenses than men. There is also a gender savings gap, according to BlackRock’s Global Investor Pulse Survey, as men tend to start saving for retirement earlier than women.

“Research finds more women building a secure financial future.”

Natera Inc Natera Inc., a leader in non-invasive genetic testing, has appointed Mike Brophy as chief financial officer, replacing Herman Rosenman who has joined the company’s board of directors following his three-year tenure as CFO. Brophy was previously Natera’s Senior Vice President of Finance and Investor Relations.

Prior to joining Natera, he served as an executive director and as a vice president in the investment banking division of Morgan Stanley, where he focused on advising corporate clients in the life science tools and diagnostics sector. He holds an MBA from the University of California, Los Angeles and a Bachelor of Science degree in economics from the United States Air Force Academy.

“Natera appoints new chief financial officer.”

Now Health International (Asia Pacific) Limited Now Health International, a Hong Kong-based global business, has launched operation in Abu Dhabi, expanding its range of international health insurance plans across the UAE, particularly among group customers with ten or more employees.

Following the launch of Now Health International’s partnership with RSA Insurance in the UAE last year, insurance plans issued in Abu Dhabi will be insured by RSA Insurance and administered by Now Health International.

“Now Health International launches operation in Abu Dhabi.”

Customers will have access to the full range of Now Health International benefits and services, including its claims processing and a mobile app allowing customers to easily search for the nearest medical provider and submit a claim.

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AmChamHK 4 • 2017

Old Mutual International Isle of Man Limited A market insight report by Old Mutual indicates that stock markets worldwide have advanced in the first three months of 2017 amid improved company earnings, better-than-expected economic data, and a solid pace of growth. The report finds that company shares in emerging markets, such as Brazil and India, outperformed those in developed markets as the U.S. dollar retreated.

Global debt markets rose as investor expectations for inflation – which erodes the value of the fixed payments on bonds – stabilized, and the U.S. Federal Reserve carried out a widely-anticipated interest-rate increase. Rate hikes typically weigh on debt markets as they raise the appeal of cash vs. bonds.

“Global economy is growing at a solid pace, latest Old Mutual report indicates.”

Prudential Hong Kong Limited The 2016 Prudential Relationship Index (PRI) gives Hong Kong a satisfaction score of 58/100, suggesting the needs of people’s primary relationships (i.e. with partners, parents, friends and children) are fulfilled 58 percent of the time, below the average score of 68/100 across all markets in Asia.

“Index identifies

The PRI measures, via a numerical score, the levels of satisfaction among people with their primary relationships. The relationship scores with their partners, best friends, parents and children among people surveyed in Hong Kong are 51/100, 40/100, 35/100, and 34/100, respectively. Colleagues score just 24/100, although more than half of working people say their work colleagues are among their best friends.

inter-personal

highs and lows of Hong Kong relationships.”

Sinophi Healthcare Limited HuaiYin Hospital in Huai’an City, Jiangsu Province, China, provided treatment for a total of 537,195 out-patients in 2016 (up from 515,674 in 2015) – an average of more than 1,470 patients served daily. Its in-patient numbers also increased to 47,740 (up from 47,470 in 2015).

In 2014, Sinophi Healthcare invested in HuaiYin Hospital, a Class-AA public hospital with over 1,000 beds, located in the central HuaiYin District of Huai’an City with a population of approximately one million. As the second largest hospital in Huai’an City, the hospital serves the people of HuaiYin District and attracts patients from across other urban and rural areas of Huai’an City and its 5.5 million inhabitants.

“Sinophi Healthcare’s Huaiyin Hospital serves record number of patients in 2016.”

Starr International Insurance (Asia) Ltd According to the latest Executive Brief published by Starr, the eagerness of western corporations to take part via partnerships, investment funding, technology transfer, and procurement support in “One Belt, One Road” (OBOR)-related projects may spark a broader revival in the mining, commodities, and construction sectors.

The rush initially could be led by global mining giants as the area covered under OBOR holds huge mineral reserves, including precious and industrial metals as well as large oil, natural gas and coal deposits, followed by those in energy, engineering and transportation equipment. China has already earmarked US$82 billion for OBOR projects.

AmChamHK 4 • 2017

“Starr outlines potential opportunities of OBOR for foreign investors.”

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St. James' Settlement St. James Settlement (SJS), a local charity dedicated to serving children, teenagers, families, the elderly and people with disabilities, has organized a writing competition as a platform to help others cope with the loss of a relative or friend and go through the difficult grieving period.

The initiative, entitled “Letter to Heaven: Love never changes,” was launched in partnership with HKU’s Department of Social Work and Social Administration and local newspaper AM730 to encourage people who have faced the loss of a loved one to express their feelings by writing about it. It will be held from March to May 2017.

“SJS organizes writing competition to encourage expression of grief.”

Tsuen Wan Adventist Hospital Plant stanols or plant sterols (phytosterols) – found naturally in plant-based foods such as corn, wheat, rye, vegetable oil, nuts and seeds – are groups of compounds proven to reduce the absorption of both dietary and biliary cholesterol from the digestive tract into the blood, according to research recently highlighted by the Tsuen Wan Adventist Hospital (TWAD).

Studies suggest that an intake of 1.5-2.4 grams of phytosterols reduces total cholesterol levels as well as LDL-cholesterol (considered a form of “bad” cholesterol) by an average of 7-10 percent within two to three weeks. An average of 2 grams daily is recommended but this is normally achieved through supplements as most daily diets provide only about 300 milligrams.

“TWAD highlights the benefits of phytosterols consumption.”

Walgreens Boots Alliance Walgreens Boots Alliance, Inc. has released its annual Corporate Social Responsibility (CSR) Report for fiscal year 2016, highlighting the overall progress toward its environmental and social goals as well as ongoing support for the community. The company has identified 12 strategic goals connected to its business and to its four key CSR areas (Community, Environment, Marketplace and Workplace).

“Walgreens Boots

The company was recognized last year by the United Nations Foundation with a Global Leadership Award for the accomplishments of Walgreens’ highly impactful initiative called “Get a Shot. Give a Shot.” It provides life-saving vaccines to children in developing countries through the Foundation’s Shot@Life campaign.

Responsibility

Alliance publishes Corporate Social Report 2016.”

Willis Towers Watson Willis Towers Watson has announced the appointment of James Leung as Regional Director, Business Development and Proposition, Health and Benefits, Asia and Australasia, amid strong market demand for more sophisticated benefits solutions in an era of rising medical insurance costs. He will be responsible for developing client relationships, formulating health and benefits solutions, providing benefits management services for clients at the regional level.

A specialist in health risk management, corporate wellness and employee benefits insurance placement, Leung has previously held leadership roles with insurers, international benefits consultants and brokers, and was instrumental in the implementation of programs for different organizations, including a first-of-its-kind, industry-specific program for the transportation sector.

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“James Leung appointed to drive health and benefits services in Asia Pacific.”

AmChamHK 4 • 2017

GUIDE TO INTERNATIONAL SCHOOLS

American International School 125 Waterloo Road, Kowloon Tong, Hong Kong

School Profile Serving families from Hong Kong’s local and expatriate communities since 1986, the American International School (AIS) is a fully accredited, independent, co-educational international school for students from Early Childhood through elementary, middle, and high school. AIS offers a strong college-preparatory academic program based on US educational standards supported through international best-practices in teaching.

Recognized for its positive, student-centered approach to teaching and learning, AIS values the sense of community within the school.

The academic program is enriched by a broad and diverse extra-curricular program, vibrant visual and performing arts, an extensive sports program at both intra-mural and varsity levels, unique experiential learning opportunities, challenging leadership programs, dedicated community service, and a schoolwide commitment to supporting student success.

Facilities

Swimming pool, Maker’s Space & Multi-purpose halls, basketball and outdoor courts, global learning gardens, library, art rooms, specialised labs for sciences, music technology, IT and arts. AIS is a full Wi-Fi campus and supports a Bring Your Own Technology (BYOT) policy from Grade 5 through Grade 12.

School Bus Service

Bus service available in Kowloon, New Territories and Hong Kong Island.

School Hours

Early Childhood 1 (half-day): 8:00 – 11:00am & 12:00 – 3:00pm Early Childhood 2 to Grade 12 (full-day): 8:00am – 3:00pm

Curriculum

Early Childhood to Grade 12: US Standards-based Curriculum High School: US Advanced Placement Courses and AP CapstoneTM Program

University Destinations

Cornell University, University of Pennsylvania, University of Chicago, Johns Hopkins University, University of California Berkeley, UCLA, Imperial College of London, Royal College of Surgeons (Ireland), University of Michigan, Rice University, Parsons the New School for Design, University of Toronto, University of Melbourne, Les Roches International School of Hotel Management, HKU and many more worldwide.

Every year, most Grade 11 and 12 students receive AP Scholars recognition from the US College Board. Learn more: https://www.ais. edu.hk/graduation-beyond

Tel: (852) 2336 3812 Email: admissions@ais.edu.hk

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AmChamHK 4 • 2017

American School Hong Kong (ASHK) 6 Ma Chung Road, Tai Po, New Territories

School Profile

American School Hong Kong (ASHK) is a KG to Grade 12 non-profit, college preparatory school opening in August 2016 in Tai Po. ASHK will provide a challenging American and International education program that empowers students to become independent critical thinkers and responsible global citizens who excel in their studies and future careers.

ASHK is operated by Esol Education, the world's largest operator of international American schools, with 40 years of experience in establishing and operating leading international schools worldwide. Currently, more than 10,000 students attend Esol’s nine schools across three continents.

Curriculum Features

• US Common Core with IB Diploma Program • STEAM (Science, Technology, Engineering, Art and Mathematics) Focus • Holistic education taught by qualified North American teachers • Daily Chinese Program with Traditional/ Simplified Chinese Writing

After School Activities

Facilities

ASHK offers modern classrooms with the latest teaching technology, laboratories, athletic facilities, gymnasium, media center, music room, art studios, children playground and cafeteria.

IT

All classrooms are fitted out to a high standard with the latest interactive and digital facilities served by high speed broadband and a robust wireless network.

Accreditations

Esol Education International schools and the Esol Education-sponsored American School Hong Kong benefit from accreditation and affiliations with: • The International Baccalaureate Organization (IBO) • Middle States Association of Colleges and Schools (MSA) • East Asia Regional Conference of Schools (EARCOS) • Association for the Advancement of International Education (AAIE)

Admissions

Currently a rolling admissions policy has been adopted. All children are welcome to apply.

• Learn to Play programs are available for the younger children.

ASHK will enter competitive teams in the ISSFHK in a variety of sports for 10-year old students and upward • Student Leadership, Clubs, Community Service programs are available • Stanford Academic Summer Program • Global program partnering with ASHK’s sister schools in Esol Education

Tel: (852) 3919 4111 Email: admissions@ashk.edu.hk

www.ashk.edu.hk AmChamHK 4 • 2017

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GUIDE TO INTERNATIONAL SCHOOLS

Bebegarten Education Centre Unit 301 – 305, Level 3, One Island South, 2 Heung Yip Road, Wong Chuk Hang, Hong Kong

School Profile Bebegarten Education Centre is a stimulating and nurturing learning space spanning over 10,000 sq. ft. Bebegarten honours and supports children as unique, confident and creative individuals; an inclusive approach, ensuring every child is fully prepared for their next steps and are equipped with the tools which foster lifelong learning.

Fees

Playgroups (6 to 36 months) HK$1,500 to HK$7,200 per month Nursery and above (3 to 6 years) HK$7,600 to HK$10,000 per month

We offer Playgroups for under 3’s, Nursery-Upper Kindergarten English Courses for 3 to 6 years, Enrichment Education Classes for 2 to 6 years, Bebeplus Learning Support Programmes for 3 to 5 years, Speech and Language Therapy and Assessments, and Workshops for children, parents and caregivers.

Enrichment Education Classes (2 to 6 years) HK$3,000 to HK$8,400 per course (3-month)

Curriculum

Speech and Language Service Upon request

Bebegarten truly honours each child as unique and creative. We designed our own play-based, creative and child-initiated “Language of Children™” curricula framework which fuses together the most proven and effective pedagogical practices from five world renowned curricula’s: the British Early Years Foundation Stage (EYFS), Italian Reggio Emilia, Belgium Experiential, American High Scope and the New Zealand Te Whariki, to cater to the developmental and educational needs of 21st century children. It is a tailored curriculum with very clear learning objectives closely linked with the British educational milestones.

Bebeplus Learning Support Programmes HK$625 per session

Facilities

Six 700 sq. ft. developmentally appropriate classrooms for children under 3’s and over 3’s, two age-specific playgrounds, one dedicated Performing Arts Activity Room, one dedicated Visual Arts Room, and a feeding/changing room.

Transport

(1) School bus available for Nursery-Upper Kindergarten English Courses, upon certain routes.

(2) Opposite to MTR Wong Chuk Hang station exit A.

Tel: (852) 3487 2255 Fax: (852) 3978 8255 Email: info@bebegarten.com

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AmChamHK 4 • 2017

Canadian International School of Hong Kong 36 Nam Long Shan Road, Aberdeen

School Profile Canadian International School of Hong Kong (CDNIS) has long been recognised as one of the leading International Baccalaureate (IB) schools in the region. Having just celebrated its 25th anniversary, the school continues to make significant strides in delivering new initiatives that offer the very best education experience to its 1,800 students, representing 40 nationalities.

Chief among these is Project Innovate, which builds on the school’s world-class expertise and practice, to incorporate the principles of “future-ready learning” into its pedagogy – in accordance with the shift towards a more innovative approach in education.

Future-ready learning describes the skills, competencies and attributes that today’s students need in order to prepare them for the fast changing world. In addition to core skills of Literacy, Numeracy and Science, the 21st century skills of collaboration, communication, creativity and critical thinking will take on increased relevance in the workplace, together with character qualities such as resilience, leadership, and adaptability.

CDNIS implements future-ready learning through emphasising foundational skills, while providing students with ample opportunities for hands-on learning, creativity, innovation and problem solving within the context of the school's dual diploma programmes – the IB and Ontario Secondary School Diploma. In addition, a focus upon cultivating character, central to the school’s vision and mission, ensures that students are well equipped with the mindsets, dispositions and attributes that they need to be successful.

All CDNIS students, from Pre Reception to Grade 12, share life on one campus and are encouraged to maintain a balance between academics and extra-curricular opportunities. This positive balance, along with the benefits of holding two internationally recognised diplomas, adds significant value as students seek higher education opportunities. The school maintains a 100% university placement record, with students admitted to top institutions around the world.

"To inspire excellence, cultivate character, and empower engagement locally and globally."

Tel: (852) 2525 7088 Email: admissions@cdnis.edu.hk Key Personnel: Emily Pong, Head of Admissions

www.cdnis.edu.hk AmChamHK 4 • 2017

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GUIDE TO INTERNATIONAL SCHOOLS

Dalton School Hong Kong (DSHK) G/F, Imperial Cullinan, 10 Hoi Fai Road, Kowloon

School Profile Dalton School Hong Kong (DSHK)* is a new, child-centered, dual-language (English/Putonghua) community of global minded learners and thinkers. The non-profit school is guided by the world-renowned Dalton Plan, pioneered in the United States a century ago. Our curriculum fully integrates the US Common Core for English with the Tsinghua University Primary School (THPS) curriculum for Chinese and reflects the most rigorous international learning standards, best practices and systems. Our students will be self-starters and equipped with multicultural awareness, critical thinking and bilingual skills that will allow them to thrive in the global, interconnected society.

Facilities

• Indoor & Covered Play Area • Multi-Purpose Sports/Concert Hall • Library & Learning Space • Chinese Literacy Center • Drama/Dance/Art/ Orchestra & Music Practice Rooms • Science/Home Economics/Makerspace/ Robotics Rooms • Professional Development Center

The Dalton Plan is based on a strong belief of putting the whole child at the center of learning. Education should tailor each student’s program to one’s needs, interests and abilities. At DSHK, we uphold our school motto and take the lead in our pursuit of life-long learning: “I’m not led, I lead”. Students will be organized in a four-strand Dalton structure (House, Assignment, Lab and Lesson) to facilitate the effective implementation of The Dalton Philosophy.

Embracing Chinese culture is a key part of DSHK learning. Adopting THPS’s curriculum, it helps students develop core foundational skills of listening, speaking, reading and writing; and extend to the appreciation of chess, calligraphy, poetry and martial arts according to individual interests.

At DSHK, through the diverse experiences of art, music, drama, dance, physical education, children develop physical fitness, overall proficiency in cultural and intellectual wellbeing, as well as promote self-expression, empathy and collaboration.

Primary School Campus G/F, Imperial Cullinan, 10 Hoi Fai Road, Kowloon info@daltonschool.org.hk www.daltonschool.org.hk Kindergarten and Playgroup Campus G/F, Imperial Cullinan, 10 Hoi Fai Road, Kowloon G/F, Wah Sin House, Wah Kwai Estate, Hong Kong info@littledalton.com www.littledalton.com

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* School license application underway

AmChamHK 4 • 2017

English Schools Foundation ESF Centre: 25/F, 1063 King’s Road, Quarry Bay, Hong Kong

School Profile

The English Schools Foundation (ESF) is the largest provider of English-medium international education in Hong Kong. Our 22 schools and comprehensive programme of extra-curricular activities bring out the best in every student through a personalised approach to learning and by inspiring curious minds. Our strategic intent is to be the key driver of best practice in teaching and learning. Our model of education is on the cutting-edge of global innovation producing excellent outcomes for our students.

We have five secondary schools, nine primary schools and a school for students with special educational needs across Hong Kong Island, Kowloon and the New Territories. Two “all through” Private Independent Schools and five kindergartens are operated

by ESF’s affiliated company, ESF Educational Services Limited (ESL), which also offers English language classes and sports activities.

Vision and Mission

Our vision is for every student to be the best that they can be.

Our mission is to inspire creativity and nurture the global citizens and leaders of the future.

We do this by creating joyful learning environments, led by a community of exceptional teachers who bring out the best in every child through a personalised approach to learning and by inspiring curious minds.

Admissions

For parents wishing their children to enter K1, Year 1 and Year 7, Central Application is open from 1 to 30 September of the year before they want their children to enter the school.

Effective from August 2017, Years 1 and 7 Central Admissions process for August 2018 entry will be a ‘one form’ application system for ESF primary and secondary schools including Discovery College and Renaissance College.

Parents may only submit one online application per child with their selected preference of schools.

Application to enter all year groups can be made at any time during the year. Applicants will be added to the waiting lists.

Curriculum

Preschool (K1 & K2) & Primary (Years 1 to 6) Secondary (Years 7 to 11)

Secondary (Years 12 to 13)

IB Primary Years Programme Secondary Schools: A broad range of GCSE* and International GCSE courses Private Independent Schools: IB Middle Years Programme IB Diploma Programme Applied Learning Pathway

*The full name of GCSE is the General Certificate of Secondary Education

Kindergartens

Secondary Schools

Primary Schools

Private Independent Schools (All-through Schools)

ESF Abacus International Kindergarten ESF Hillside International Kindergarten ESF Tsing Yi International Kindergarten ESF Tung Chung International Kindergarten ESF Wu Kai Sha International Kindergarten Beacon Hill School www.beaconhill.edu.hk Bradbury School www.bradbury.edu.hk Clearwater Bay School www.cwbs.edu.hk Glenealy School www.glenealy.edu.hk Kennedy School www.kennedy.edu.hk Kowloon Junior School www.kjs.edu.hk Peak School www.ps.edu.hk Quarry Bay School www.qbs.edu.hk Sha Tin Junior School www.sjs.edu.hk

Island School www.island.edu.hk King George V School www.kgv.edu.hk Sha Tin College www.shatincollege.edu.hk South Island School www.sis.edu.hk West Island School www.wis.edu.hk

Discovery College www.discovery.edu.hk Renaissance College www.rchk.edu.hk

Special School

Jockey Club Sarah Roe School www.jcsrs.edu.hk

ESF After School Programmes

ESF Sports ESF Language & Learning ESF Early Learners www.esf.org.hk

Individual and Corporate Nomination Rights provide a fast-track route for children into ESF schools, providing they meet the entry requirements.

Tel: (852) 2574 2351 Fax: (852) 2818 5690 Email: info@esfcentre.edu.hk

www.esf.edu.hk AmChamHK 4 • 2017

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French International School of Hong Kong 165 Blue Pool Road, Happy Valley, Hong Kong

School Profile The school’s mission is to provide, together with families, a nurturing, culturally diverse community that inspires our young people to realise their true potential as confident, independent learners and responsible global citizens with moral values and integrity.

FIS was established in 1963/64 as one of the first international schools in Hong Kong. The school offers two streams: the French and International Streams, preparing students towards certification in the French national examination, the French Baccalaureate, or International General Certificate of Secondary Educations (IGCSE) and the International Baccalaureate Diploma Programme (IBDP). In 1988, FIS became the first in Hong Kong to be authorised as an IB World School.

FIS provides an inspiring, high quality education for students from Hong Kong’s culturally diverse community. Excellent, dedicated teachers from all over the world ensure that a challenging and nurturing educational environment is provided. FIS students consistently outperform international averages to attain excellent exam results and every year graduates are admitted to top universities worldwide.

Currently, the school is one of the largest international through schools in Hong Kong and welcomes over 2,700 students from Reception/Moyenne Section to Year 13/Terminale, representing 40 different nationalities, across four campuses in Happy Valley, Jardine’s Lookout, Chai Wan and Hung Hom. A new state of the art eco-campus will open in Tseung Kwan O in September 2018 creating 950 primary and junior secondary school places to better serve both French and International students in Hong Kong. With adaptable and flexible layouts and a wealth of differently scaled, multi-purpose spaces inside, students will benefit from a stimulating and innovative learning environment. In addition, the campus will offer state of the art sporting facilities – a large gymnasium, swimming pool and running track – as well as a 300 seat auditorium all of which will benefit the wider public.

Curriculum

French National Curriculum; English Curriculum to IGCSE; IBDP Tel: (852) 2577 6217 Fax: (852) 2577 9658 Email: admissions@lfis.edu.hk

www.fis.edu.hk

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Hong Kong Academy 33 Wai Man Road, Sai Kung, Hong Kong

School Profile HKA is an independent, international, non-profit International Baccalaureate World School offering the PYP, MYP and IB Diploma Programme for students from pre-Kindergarten through Grade 12.

With an inquiry-based, concept-driven curriculum, HKA provides a well-rounded, learner-directed programme that incorporates research-based best teaching practices from around the world. HKA offers small class sizes, and in the Primary School each class is staffed with a teacher and co-teacher. Learners’ social-emotional development is also core to the HKA curriculum and students receive the necessary support and encouragement to pursue their individual pathways to excellence. HKA also welcomes parent involvement and encourages parents to share their interests and talents with the community.

Admissions

HKA warmly invites families to come and visit the school with their children and experience the learning and teaching that happens here. If you would like to arrange a visit or want to learn more about the admissions process, please email us at admissions@hkacademy. edu.hk.

Tel: (852) 2655 1111 Email: admissions@hkacademy.edu.hk

www.hkacademy.edu.hk

HKA’s provisional BEAM+ Platinum facility features environmentallyfriendly materials, light-filled classrooms and specialized learning spaces for subjects such as science, art, music and dance. Spacious common spaces throughout the campus offer flexible learning areas and encourage social interaction. Travel and competitive team sports and extensive extra-curricular activities further support students’ development.

HKA’s faculty are recruited from around the world and are selected for their professionalism, high level of qualifications, skills, creativity and teaching experience in international education. At HKA, teachers are learners, too, and ongoing professional development for faculty is incorporated into the school culture.

Accreditations

In addition to being an IB World School, HKA is accredited by The Western Association of Schools and Colleges (WASC) and the Council of International Schools (CIS). HKA also offers the Global Citizen Diploma (GCD), a high school credential that allows students to qualitatively describe their whole learning in the context of becoming a global citizen and making a contribution to the world.

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Harrow International School Hong Kong 38 Tsing Ying Road, Tuen Mun, New Territories, Hong Kong

School Profile Harrow International School Hong Kong is the first international boarding and day school in Hong Kong. It opened in September 2012 and today has a combined roll of 1175 students from Early Years to Y13 in its Lower School and Upper School. Located in a magnificent crescent-shaped building with custom-built facilities near the Gold Coast, Tuen Mun, the School integrates elements of educational philosophy, practice and traditions from Harrow School in England into the diverse international community of Hong Kong to provide a highly distinctive education.

In delivering its vision statement, Leadership for a better world, the School places emphasis on high expectations of academic excellence, breadth and quality of extra-curricular achievement, positive contributions to the School community, and the development of leadership skills. Activities and experiences in and out of the classroom focus on the development of the six leadership attributes outlined in the vision statement:

School Structure & Curricula

The School has a number of phases in its Lower School (K1 to Y5) and the Upper School (Y6 to Y13): • The Early Years (K1 and K2) follows the English based ‘Early Years Foundation Stage’ Curriculum.

• The Pre-Prep School (Y1 to Y5) follows the English based ‘New Primary Curriculum’ and the English ‘Primary Strategy’.

• The Prep School (Y6 to Y8) offers a skills-based curriculum based on the National Curriculum designed to manage the transition from the homeroom environment in the Pre-Prep School to the more subject-specific environment in the Senior School.

• The Senior School (Y9 to Y11) curriculum is based on IGCSE courses studied over three years.

• The Sixth Form (Y12 to Y13) curriculum is based on A-level courses studied over two years, together with the Extended Project Qualification

1. Contributing positively to the community 2. Using knowledge with compassion 3. Solving problems collaboratively 4. Solving problems creatively 5. Making fair and just choices 6. Facing challenges with determination

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Teacher/student ratio (in 2016-17): 1:11

Class size: maximum 18 in Early Years (K1 and K2), 24 in Pre-Prep (Y1 to Y5), Prep School (Y6 to Y8) and Senior School (Y9 to Y11) and 15 in the Sixth Form (Y12 and Y13)

Extra-curricular activities

The School offers a wide range of team and individual sports, music, art, drama, cultural and academic extension activities. Through activity option choices and a number of core activities integrated into the timetable and in post-school enrichment time, the extracurricular activities programme aims to develop skills associated with service, charity, teamwork, creative expression, leadership and challenge.

Pastoral Care

The quality of relationships and community life, and the personal formation of character are fundamental to the life of the School. In the Lower School, the Class Teacher is responsible for all aspects of each child’s educational and personal wellbeing; in the Upper School, the House Master or House Mistress takes over the primary role in the pastoral care of students. Weekly boarding can begin from Y6 in the Prep School. Around 50% of students in the Upper School board, but all students, whether day or boarders, are members of a House. The Houses provide rich opportunities for interacting with students of different ages and from a wide range of backgrounds.

Admissions

Please refer to the School website for further details.

University Destinations

Harrow Hong Kong Leavers have been highly successful in gaining places at top universities on competitive courses in the UK, the USA and Hong Kong. Of last year’s 49 Leavers, 5 went to Cambridge, 2 to Oxford and 5 to the London School of Economics.

Scholarships

The School offers scholarships, which are merit-based financial awards for students with gifts in areas of School life such as academic work and/or extra-curricular pursuits. The aim of the scholarship programme is to enable the School to draw such students from all sections of the global community, irrespective of their parents’ financial circumstances. Talented students from low-income families can be awarded virtually full-fee scholarships. Scholarships are available at the earliest from Y6.

Teaching staff

The majority of teachers are British: collectively, there is a great deal of experience in British independent (day and boarding, senior and prep) and maintained schools, and in international schools.

Tel: (852) 2824 9099 Fax: (852) 2824 9928 Email: info@harrowschool.hk

www.harrowschool.hk AmChamHK 4 • 2017

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Hong Kong International School (HKIS) 1 Red Hill Road, Tai Tam, Hong Kong

School Profile

Hong Kong International School (HKIS) is a leading private co-educational college preparatory school located on the south side of Hong Kong Island for students from Reception One (pre-kindergarten) to Grade 12. Since 1966, HKIS has provided an American-style education grounded in the Christian faith, and our programs reflect the rich multi-cultural and international character of our student body. HKIS is a member of the East Asia Regional Council of Schools and is fully accredited by the Western Association of Schools and Colleges.

Admissions at HKIS

HKIS seeks students who will not only benefit from the educational experiences we provide but will also actively contribute to our school community. Applicants are assessed for their potential to meet HKIS's high academic standards and expectations of self-motivated and collaborative learning.

Learning & Student Life

HKIS provides educational excellence with a difference, emphasizing compassion and community service across all grades. We offer courses that challenge and inspire students, and our graduates go on to attend the top universities around the world, with close to 85% attending American institutions. Our curriculum features Mandarin Chinese as a required course from Pre-K to Grade 5, and one of three languages students can pursue from Grades 6 12, while our High School offers over 25 Advanced Placement subjects.

Beyond Books

Education outside the classroom is an essential part of student life at HKIS and allows students to deepen their educational experience through cultural immersion and service learning.

HKIS also offers 25 extra-curricular activities and has a competitive athletics program with over 50 teams competing in local and international conferences.

Facilities

HKIS provides a variety of world-class facilities including robotics labs and maker spaces, classrooms equipped with modern learning technology, science labs, purpose-built music and art studios, a swimming pool, tennis courts, and a track and sports field.

Tel: (852) 3149 7001 Email: admissions@hkis.edu.hk

www.hkis.edu.hk

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Kellett School,

The British International School in Hong Kong Pok Fu Lam Campus – 2 Wah Lok Path, Wah Fu, Pok Fu Lam, Hong Kong Kowloon Bay Campus – 7 Lam Hing Street, Kowloon Bay, Hong Kong

School Profile

Kellett School, The British International School in Hong Kong, was founded in 1976 as a not-for-profit Association by like-minded parents providing a high quality, British-style education to English speakers in Hong Kong. The School’s aim is to engender ‘a love of learning and confidence for life’ in each of its students. This aim is accomplished by ensuring the students achieve personal academic excellence, are confident, articulate and gain a wide range of transferable skills.

Kellett is a through train school with two campuses, the Pok Fu Lam campus and the Kowloon Bay campus. The Pok Fu Lam campus is a Preparatory school (age 4-11) and is located in Hong Kong’s Southern district of Wah Fu at the foot of Mount Kellett and overlooking Kellett Bay. The Kowloon Bay campus offers Preparatory and Senior places. The Senior school is four form entry, guaranteeing all Kellett preparatory students a senior school place and at capacity offering up to 600 places. Kellett School follows the Early Years Foundation Stage (EYFS) and English National Curriculum, which begins in Reception and runs through to the end of Year 13 and includes GCSE, IGCSE and A levels.

Transport

Kellett School provides a school bus service

Curriculum

English National Curriculum including I/GCSEs and A-levels

Hours

- Pok Fu Lam Prep: 8:30am – 3:15pm - Kowloon Bay Prep: 8:15pm – 3:00pm - Kowloon Bay Senior: 7:50am – 4:00pm

Fees

2017-18 academic year: (subject to EDB approval) Senior School Sixth Form (Years 12 and 13) HK$201,200 Senior School Years 7-11 HK$195,400 Prep School (Reception to Year 6) HK$157,300

Facilities

Kellett School offers state-of-the-art facilities at both of its purposebuilt campuses

Kellett has grown to earn an enviable reputation as one of Hong Kong’s leading independent International Schools where students learn with growing independence, in a challenging and stimulating environment. High academic achievement is realised within a broad curriculum embracing creativity, the arts and sports, whilst taking into account their unique position in South East Asia at the gateway to China Kellett School looks to develop students both inside and outside the classroom. The school offers a rich and varied programme of extra-curricular activities that contribute to the development of the student as a whole. These include local and overseas educational visits, a rich repertoire of performing arts opportunities, sports and activities of general interest.

Tel: (852) 3120 0700 Fax: (852) 2305 2292 Email: admissions@kellettschool.com

www.kellettschool.com AmChamHK 4 • 2017

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Malvern College Hong Kong Fo Chun Road (Intersection with Chong San Road), Providence Bay, New Territories, Hong Kong

School Profile Malvern College Hong Kong (MCHK) inherits its rich heritage and ethos from Malvern College, a co-educational day and boarding school founded in 1865 in the UK. Renowned for its innovative approach to education, the school was one of the first UK schools to adopt the IB Diploma programme. Leveraging Malvern College UK’s 25 years of experience in IB, the Hong Kong campus will be an all through IB school, carrying Malvern’s inclusive, personalised philosophy of nurturing every child’s individual strengths and abilities, guided by talented, dedicated and qualified teachers.

There will be a strong emphasis on Science, Technology, Engineering and Maths, and all students will study Mandarin Chinese.

MCHK will follow the ethos of a traditional British boarding school within a contemporary day school setting. This approach will involve the provision of small class sizes, personalised learning, and a strong pastoral care within a house system. MCHK will ensure that each student maintains a keen academic focus and benefits from a rounded education which attaches significant importance to co-curricular activities such as art, drama, sports, music, and community service. The school will also be the first school in the territory to run the Forest School programme by qualified Level 3 practitioners trained by the Forest School Association (UK).

Students will build confidence, self-awareness, and social skills, while learning about the natural world through experiences in a woodland environment.

MCHK will open its doors in September 2018. It is located adjacent to the Hong Kong Science Park, and will initially accommodate approximately 380 students for Years 1 to 9, and ultimately provide 960 places for Years 1 to 13. Students at MCHK will have the opportunity to study at Malvern College UK from Year 9 (subject to fulfilling relevant entry requirements).

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Curriculum

International Baccalaureate (IB) curriculum: Primary Years Programme (PYP), Middle Years Programme (MYP), Diploma Programme (DP)

Hours

8a.m. – 3:30p.m.

Transport

Mandatory school bus policy

Fees

PYP (Years 1-6): $160,000 MYP (Years 7-11): $182,000 Capital Levy: $38,000 per annum, per child. Students who are nominated under an Individual Nomination Right or a Corporate Nomination Right are exempt from paying the Annual Capital Levy

Facilities

450-seat theatre with concert hall quality acoustics, 6-lane 25m heated indoor swimming pool, open plan library, science exhibition centre, multipurpose sports hall, sky pitch roof

Tel: (852) 3898 4688 Fax: (852) 3585 3880 Email: admissions@malverncollege.org.hk

www.malverncollege.org.hk

AmChamHK 4 • 2017

Norwegian International School 170 Kam Shan Road, Tai Po, New Territories

School Profile

Founded in 1984, Norwegian International School (NIS) is an international kindergarten and primary school located in Tai Po, with a family-like Christian environment and a close-knit community. NIS provides attentive pastoral care to its students, laying the foundation for achieving academic and personal goals. The school takes pride in its location in beautiful Tai Po, with the primary school campus boasting of a natural green environment with a large outdoor sports field, and the kindergarten campus of its heritage building furnished with a spacious woodland playground.

Learning at NIS is structured around the enquiry-based International Primary Curriculum (IPC) and International Early Years Curriculum (IEYC). The IPC and IEYC are comprehensive, thematic, creative curricula with a clear process of learning and with specific learning goals for every subject, for international mindedness, and for personal development. NIS equips its students with the skills, knowledge, and understanding with which to thrive in secondary school and beyond.

NIS Kindergarten also offers a playgroup for children aged 18-32 months and their caregivers.

Transport

School bus service available.

Curriculum

International Primary Curriculum (IPC) & International Middle Years Curriculum (IMYC), bolstered by Australian Mathematics curriculum, UK National Literacy Framework, and Journey 2:52 Christian Studies curriculum.

Hours

8:45am-3:00pm (primary) 8:45am-11:45am; 12:30pm-3:30pm (kindergarten)

Fees

HK$90,900/year (primary), $56,400/year (kindergarten), full details on website.

Facilities

Spacious campuses in peaceful Tai Po location, large outdoor sports & play area with artificial turf sports field, auditorium, and learning support room. Classrooms equipped with audio visual equipment.

Primary Campus: 170 Kam Shan Road, Tai Po, New Territories Tel: (852) 2658 0341 Email: office@nis.edu.hk Kindergarten Campus 175 Kwong Fuk Road, Tai Po, N.T. Tel: (852) 2638 0269 Email: kinder@nis.edu.hk

www.nis.edu.hk

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Rowland Institute for Advancement 20th Floor, Central Tower, 28 Queen’s Road, Central, Hong Kong

Education for Educators Rowland Institute for Advancement Limited (RiA – Hong Kong) offers a range of education services including onsite and interactive online leadership and professional development workshops.

Our seminars and workshops are presented by top professors and professionals from the USA and around the world. The content is designed for, and taught at a graduate level. Continuing Education Units (CEU credits) from accredited American universities will be available to qualifying participants. As an education professional, you will benefit by improving your authentic leadership skills – result: empowering others and advancing in your own career.

PRACTICAL, RELEVANT and INTERACTIVE seminars and workshops!

Examples of upcoming topics…

• Leadership in Communication, Public Relations and Politics • How to Inspire, Influence and Achieve Results • Ways in which a Leader Can Earn Trust • Foundations and Trends in International Education • Leadership in Vision and Change

Free Seminars offered on weekdays!

Full Day Workshops: live interaction with your professor and group activities (breakout sessions) Interact with highly qualified instructors from USA universities.

Highly personalized and includes breakout sessions for practical ideas and application.

Certificates of participation from Rowland Institute for Advancement – Hong Kong CEU (continuing education units) provided by accredited USA universities.

NEW weekly seminars/workshops starting in June 2017!

Even more starting Fall 2017!

“Keep Moving Forward” Rowland Institute for Advancement is based in Hong Kong, with services expanding rapidly to other Asia countries and the United Arab Emirates.

We also provide top consultants to international educational institutions designed to enhance educator effectiveness, by bringing in experts for tailored advanced training in specific areas.

Additionally, RiA – Hong Kong partners with a USA based organization to provide study-abroad assistance for international students desiring to attend American universities.

Tel: (852) 2127 0643 Email: ria@rowland.education

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SCAD Hong Kong 292 Tai Po Road, Sham Shui Po, Hong Kong

Discover SCAD, The University for Creative Careers

As one university with multiple locations — in Hong Kong; Atlanta and Savannah, Georgia; Lacoste, France; and online through eLearning — SCAD opens up a world of opportunity.

From the heart of the Sham Shui Po district, SCAD Hong Kong offers the area’s largest concentration of art and design degree programs, providing an authentic, engaging learning experience that prepares students for successful international careers.

According to a recent study, 98 percent of Spring 2016 graduates were employed, pursuing further education or both within 10 months of graduation.

An award-winning legacy

SCAD is one of the world’s most comprehensive art and design universities, with more than 100 programs of study across more than 40 majors. SCAD Hong Kong offers 21 degree programs including fashion, graphic design, interactive design and game development and photography.

Renowned faculty, unparalleled resources

SCAD Hong Kong students are guided by esteemed professors and benefit from advanced technology. In the historic SCAD-restored North Kowloon Magistracy Building, students have access to digital labs, sound design and editing suites, darkrooms, fashion and interior design resource labs, a green screen and other specialized resources.

Through the SCAD Collaborative Learning Center, students join forces with the world's leading companies, from MTR to PricewaterhouseCoopers.

Learn more at scad.edu

Courses of study are registered with the Hong Kong Education Bureau, registration numbers: 261958-261971 and 262196-262202.

It is a matter of discretion for individual employers to recognize any qualification to which these courses may lead.

These academic programs consistently earn international accolades from The Business of Fashion, Red Dot Design Rankings, The Rookies and more.

Celebrated art and design events

SCAD signature events, including the SCAD Hong Kong Fashion Showcase, SCAD deFINE ART and SCADstyle, feature the world’s preeminent artists, designers and entrepreneurs.

Guests who have lectured, critiqued and taught master classes include Miss J Alexander, Felix K P Chung, Annie Liu, Alexander Wong and others.

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Tel: (852) 2253 8044 Email: admission_hk@scad.edu

scad.edu

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Stamford American School – Hong Kong School Profile Stamford American School is a world-class international school for students 5 to 18 years old, launching in Hong Kong September 2017.

The Hong Kong campus opening follows Stamford’s huge success at its Singapore campus, which today has a vibrant community of over 3,000 students from 70 countries and has a strong track record of 90% of graduates accepted to their first choice university. Both Stamford campuses are part of Cognita, a global network of over 65 leading schools worldwide.

Stamford will open for Pre-Primary (Kindergarten) to Grade 7 students in September 2017, and will gradually grow to a full-through school community of over 1,000 students. From age 5, Stamford students enjoy a standards-based curriculum based on the American Education Reaches Out (AERO) and Common Core Plus frameworks, culminating in the International Baccalaureate Diploma Program in Grades 11 and 12. Coupled with individualized learning plans, continual standardized MAP® assessments in Reading, Math and Science, bilingual and daily options in Chinese and Spanish, a problem-based STEMinn (Science, Technology, Engineering, Mathematics & Innovation) Program and a Leveled Reading Program, Stamford allows every child to achieve more than they believe they can.

Transport

Stamford provides an optional school bus service

Curriculum

U.S. AERO and Common Core Plus International Baccalaureate Diploma Program

School Hours

8am – 3pm After school activities in the arts, sports, academics and innovation available for all ages.

Annual Tuition Fees (2017/2018 Academic Year) Pre-Primary (Kindergarten) to Grade 5: HK$165,900 Grade 6 to Grade 7: HK$182,100

Address

School Campus (Opening Sept 2017) 25 Man Fuk Rd, Ho Man Tin, Kowloon, Hong Kong

Admissions Office Two Exchange Square, Level 40, 05-07 8 Connaught Place, Central, Hong Kong

Tel: (852) 2500 8688 Email: admissions@sais.edu.hk

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Victoria Educational Organisation School Profile Victoria Educational Organisation (VEO) has been a leader in early childhood education in Hong Kong since its establishment in 1965. With the motto, “Bilingual Learners Today, World Citizens Tomorrow – Love to Read, Eager to Inspire, Learn to Care”, VEO aims to instil a love of learning, a strong sense of social responsibility, and global vision at an early age. It has a strong, well-established presence throughout Hong Kong with nine nurseries and kindergartens located around the city.

Setting itself apart from other preschools in Hong Kong, VEO provides an all-encompassing, rich multicultural learning environment that blends both Eastern and Western cultures. It offers two streams of classes: Trilingual (English, Putonghua, and Cantonese) and Bilingual (English and Putonghua). Through its effective one teacher-one language co-teaching approach, teachers who are native speakers of the languages work as a team to provide a total immersion language environment.

VEO also strives to keep its curriculum and teaching approach in line with educational research and the changing needs of community. In fact, VEO is the only Columbia University Teachers College “Reading and Writing” project (TCRWP) preschool in Hong Kong that is also accredited by the International Baccalaureate (IB) Organisation.

VEO students are given priority in admission to affiliated Victoria Shanghai Academy.

Vision

To develop innovative learning and teaching environments that foster teachers’ professionalism and help children reach their full potential.

Age of Students Playgroup Pre-Nursery Class Nursery Class Lower Class Upper Class

8 months - 3 years 2 - 3 years 3 - 4 years 4 - 5 years 5 - 6 years

Streams

Trilingual: English / Putonghua / Cantonese Bilingual: English / Putonghua

Email: enquiry@victoria.edu.hk

www.victoria.edu.hk AmChamHK 4 • 2017

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Yew Chung International School 3 To Fuk Road, Kowloon Tong, Hong Kong

School Profile Founded in 1932, Yew Chung has been providing quality bilingual education to the learners of Hong Kong for over 80 years. Originally specialising in Early Childhood Education, Yew Chung International School (YCIS) now provides education from early childhood through primary and secondary culminating in the International General Certificate of Secondary Education (IGCSE) and International Baccalaureate (IB) Diploma Programme.

Global Education in YCIS

YCIS offers the unique richness and diversity of both Eastern and Western cultures that equip children to be bilingual, global-minded, competitive, appreciative and caring global citizens. Students are nurtured in a multicultural environment with a fully rounded and balanced education which transforms them into global thinking individuals.

Integrating East and West

YCIS combines the best of Eastern and Western cultures by promoting fluency in two major world languages, creating a truly bilingual learning environment, providing courses of study in Eastern and Western philosophy.

Co-Principals and Co-Teaching Models

Two Co-Principals, one Western and one Chinese, serve as partners in the operations and administration of the school. In addition, two fully-qualified teachers, one Western and one Chinese, together plan lessons and conduct classes in the Early Childhood Education and Primary School, and providing excellent role models who respect and value one another’s culture.

YCIS Education Programme

YCIS’s international curriculum is based on the learning criteria and framework from the National Curriculum for England (NCE).

The research based curriculum allows high standards and ease of transition for international students.

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Age of Students

Early Childhood Education Primary School (Year 1 – 6) Secondary School (Year 7 – 9) IGCSE (Year 10 – 11) IB Diploma (Year 12 – 13)

6 months – 5 years 5 – 11 years 11 – 14 years 14 – 16 years 16 – 19 years

International Recognition

YCIS - Secondary is authorised by the International Baccalaureate Organization (IBO) as an IB World School and is an approved authorised Cambridge International Examination (CIE) Centre. YCIS has received accreditations from Council of International Schools (CIS) and the New England Association of Schools and Colleges (NEASC).

Highlight of YCIS Global Education

• A Bilingual focus within a multicultural environment will give your child the global mindset and intercultural competence they need for the 21st Century.

• Unique Co-Teaching and Co-Principals models help students to learn two cultures and give equal emphasis to both English and Chinese.

• YCIS integrates Character Formation programmes into our curriculum, focusing on developing positive qualities.

• Strong music programme enhances children’s reasoning skills, develops memory span, concentration and coordination.

• YCIS maintains 100% university placement with students admitted to top universities in Hong Kong and overseas.

Tel: (852) 2338 7106 Fax: (852) 2304 6713 Email: admissions@ycef.com

www.ycis-hk.com

AmChamHK 4 • 2017

Carmel School Association 460 Shau Kei Wan Road, Shau Kei Wan, Hong Kong

School Profile Carmel School was founded in 1991 as Asia’s first Jewish Day School and is now a successful 3-campus Hong Kong International School catering to students aged 1 – 18.

We are an IB World School authorized to offer the Diploma and Middle Years Programs in Carmel’s Elsa High School (IB and MYP), and a Candidate school for the IB Primary Years Program (PYP). We welcome toddlers from the age of 1 in our Holly Rofé Early Learning Center. We provide a resolutely modern education focusing on developing the whole child to achieve his or her full potential through personalized care.

Carmel School is fully accredited by the United States Western Association of Schools and Colleges (WASC) and is a member of the East Asia Regional Conference of Overseas Schools (EARCOS). Elsa High School was established in 2009 and boasts top university admissions in the US, UK, Australia, Canada, Israel and Hong Kong.

School Vision

At Carmel everything revolves around 'Excellence, Community, Tradition'. The School employs specialist, qualified teachers, providing a creative, caring, supportive and challenging environment. Through a generous teacher/ student ratio and provision for a range of learning styles, we develop students' confidence, values and skills, leading to academic excellence and success.

Facilities

Art Rooms, Astro-turf, Auditorium, Fitness Centre, Multi-lingual, Multi-media Library, Gymnasium, STEAM Room, Learning Enhancement Centre, Medical Room, Music Room, Science Laboratories.

Annual Fees

$63,000 - $160,500

Tel: (852) 3665 5388 Email: elsahighschool@carmel.edu.hk

www.carmel.edu.hk

Concordia International School 68 Begonia Road, Yau Yat Chuen, Kowloon, Hong Kong

School Profile

Transportation

Concordia International School is an established small international school managed by the Lutheran Church. The school is non-profit making, co-educational and has direct linkage with the Concordia University System in the United States. The school adopts an American - patterned curriculum for Grades 7-12, students write the College Board's SAT and AP as well as the TOEFL as exit qualifications. Successful students at Concordia are assured of having their work recognized by universities and colleges around the world, including top-class universities in Canada, Australia, Japan, Korea, Hong Kong and the United States. Concordia’s doors are open to students of all races and religions. The school’s motto is “transforming lives together”, the school prides itself on its small class teaching (up to 15 students per class).

Curriculum

North American Curriculum

Hours

8:15 am to 3:00 pm

MTR Kowloon Tong Station Festival Walk Exit C or Shek Kip Mei Station Exit B2

Fees

Annual School Fees Grade 7-8 : HKD 113,500 (by 2 instalments) Grade 9-10 : HKD 115,500 (by 2 instalments) Grade 11-12 : HKD 121,200 (by 2 instalments) Fees for after-school ESL/Remedial classes, study tours and personal laptop for study not yet included. No debenture required. A refundable General Deposit of HKD10,000 is collected at registration for various personal expenses.

Facilities

Special Rooms: Art Room, Computer Room, Reading Lounge, Science Laboratory and Multi-purpose Hall. Space for Sports: Training Gymnasium, Basketball and Badminton Courts. Small campus, but spacious for 100 students and good teaching facilities for 6 classes of Grade 7-12.

Tel: (852) 2789 9890 Fax: (852) 2392 8820 Email: office@cihs.edu.hk / office@concordiaintl.edu.hk Admission officer: Mr. Nathaniel Wofford Principal: Dr. Darnay S.K.Chan

www.cihs.edu.hk www.cis-hk.edu.hk AmChamHK 4 • 2017

Candidate for Accreditation, Approved by ACS, WASC

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GUIDE TO INTERNATIONAL SCHOOLS

Delia School of Canada (DSC) 5-7 Tai Fung Avenue, Taikoo Shing, Hong Kong

School Profile Delia School of Canada (DSC) has over 1,400 students enrolled from more than 49 different countries. DSC offers the Ontario, Canada curriculum from Pre-Grade 1 to Grade 12 and the Alberta, Canada Curriculum from Grade 1 to Grade 8. Our mission is to offer students an education that prepares them to become global leaders. DSC focuses on developing students’ communication, collaboration, and problem solving skills while fostering creativity. Technology is integrated throughout the curriculum, our grade 1-3 students have access to a 1:1 iPad program while students in Grade 4 to Grade 12 are on a 1:1 laptop program. DSC offers extracurricular activities, after-school and summer school programs. High School graduates attend universities around the globe.

Curriculum

Pre-Grade 1, Elementary and Secondary, Ontario Ministry of Education, Canada

School Hours

8:20 am – 3:00 pm

Available Options

School Bus, After-school Programs, Lunch program, Extra- curricular Activities, Summer School Programs

Twitter: twitter.com/DSC_EDU Facebook: www.facebook.com/DSCTKS - Ontario Program

www.facebook.com/DSCKowloon - Alberta Program

Facilities

Classrooms with Smart Board and LCD projection system, Auditorium, big courtyard, Biology, Chemistry, Physics labs, Multi-media Room, Music Rooms, Gyms, Pre-Grade1 Playground Tel: (852) 3658 0400 Fax: (852) 2884 0481 Email: admissions@delia.edu.hk

www.delia.edu.hk

German Swiss International School 11 Guildford Road, The Peak, Hong Kong

School Profile The German Swiss International School (GSIS) educates around 1,300 students and offers a rigorous academic programme within a vibrant, creative and caring community. Fostering an open-minded and engaged world-view, we guide our students towards becoming responsible, critical-thinking and self-assured citizens.

The school is certified by the German Federal Government as an “Excellent German School Abroad” and by the International Baccalaureate (IB) Organisation as an IB World School.

GSIS operates two parallel streams, from Kindergarten to Secondary School, following the German and English school system. GSIS prepares for the German International Abitur and the International Baccalaureate Diploma Programme, following IGCSE examinations in Year 11. In addition there is the option to pursue a dual-professional training through the school’s Business College.

Our curriculum provides learning opportunities for every student commensurate to her/his needs, abilities and stage of development.

We teach a programme that gives each student the opportunity to experience success, yet challenges them to achieve their full potential.

Tel: (852) 2849 6216 Email: info@gsis.edu.hk Contact: Mrs Annette Brandt-Dammann, Principal

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Island Christian Academy 70 Bridges Street, Sheung Wan

School Profile Island Christian Academy is a dynamic international school located in the heart of Hong Kong Island’s Mid-Levels. The school nurtures the whole child in an environment where each student is empowered to flourish academically, physically, socially and spiritually. A diverse, nurturing and joyful community characterises Island Christian Academy.

Facilities

Curriculum

Learning is structured around the enquiry-based International Primary Curriculum (IPC) & International Middle Years Curriculum (IMYC), and is bolstered by Australian Mathematics curriculum, UK National Literacy Framework, and Journey 2:52 Christian Studies curriculum.

Fees

HK$106,000/year, full details on website

Classrooms equipped with audio/visual equipment; outdoor and indoor PE facilities including climbing wall and rubber multi-sports surface, as well as regular access to nearby playing fields and indoor pool; science laboratory; music, art, ICT, Chinese studies and learning support rooms, school hall and chapel.

Transport

School bus service available

Hours

8am-2:30pm

Tel: (852) 2537 2552 Fax: (852) 2858 7271 Email: office@islandca.edu.hk

www.islandca.edu.hk

New Concept Mandarin 13/F, Fortune House Connaught Road Central, Central, Hong Kong

School Profile “I practice and I master. I master and I enjoy. I enjoy and I want more”. Founded in 2000, New Concept Mandarin has been providing after-school Chinese Tutorial for both local and International School students for 17 years. We tailor make class for each student based on their levels to build up their interests and confidence in Mandarin, help them progress faster in Chinese and prepare them well for Chinese exams. 80% of them study for years with us and 100% of our students got their desired grade in IB, IGCSE and A-Level exams.

Curriculum

Practice Programs ( For all levels) IGCSE Chinese Tutorial (Edexcel & Cambridge) IB Chinese Tutorial A-Level Chinese Tutorial (Edexcel & Cambridge) Exam Preparation Programs

Teachers

All of our teachers are carefully selected and professionally trained.

Facilities

PROFESSIONAL They are well prepared and will help you effectively achieve the learning objectives for each lesson.

Hours:

PASSIONATE They have high energy in class and understand how to inspire and motivate you to learn Chinese in a meaningful way.

We provide classrooms for students and teachers can also go to your place for tutorial.

8 a.m. to 9 p.m.

Tel: (852) 2850 4332 Email: hongkong@newconceptmandarin

CARING They understand the challenges of Mandarin study at different levels and will adjust their teaching pace and methods to suit you as a learner.

www.newconceptmandarin.com AmChamHK 4 • 2017

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GUIDE TO INTERNATIONAL SCHOOLS

Nord Anglia International School 11 On Tin Street, Lam Tin, Kowloon, Hong Kong

School Profile Nord Anglia International School, Hong Kong (NAIS) is a member of Nord Anglia Education’s global family of 43 premium schools in Mainland China, South East Asia, Europe, North America and the Middle East. In total, we look after more than 37,000 students globally. The school follows the English National Curriculum adapted to meet the needs of the international student community teaching Primary (Years 1 – 6) and Secondary (Years 7 – 9). As the school grows into Years 10 through 13, pupils will work towards the University of Cambridge IGCSEs and the IB Diploma in senior years. NAIS is committed to educational excellence and students across the Nord Anglia Education (NAE) family produce final year results well above the world average with one in three of our graduates go on to attend one of the world's top 100 universities.

Curriculum

English National Curriculum, IGCSEs, IB Diploma

Facilities

A wide range of learning spaces and facilities are available at NAIS including a 3-storey multi-purpose hall, a 25-m swimming pool, library, learning centre, drama studio, cafeteria, music rooms, an art room, kitchen (for cooking classes) and an activity area for each year group.

Transportation

Hours

Primary 8am – 2.45pm / Secondary 8am – 3.30pm Bus service available

*Fees (Subject to annual review) Year 1-6: HK$ 150,325 per year Year 7-10: HK$ 167,685 per year

Tel: (852) 3958 1428 Fax: (852) 3958 1499 Email: admissions@nais.hk

www.nais.hk

Small World Christian Kindergarten 10 Borrett Road, Mid-Levels, Hong Kong

School Profile Small World Christian Kindergarten is an international kindergarten that has educated curious young learners for more than 30 years! The school offers a warm and caring environment, with ample space and an outdoor playground. Small World’s play-based programme supports learning and development through holistic enquiry, nurturing young children’s natural curiosity, building their confidence and igniting their desire to learn.

Transport

School bus service available

Curriculum

International Early Years Curriculum

Hours

Morning class: 9am-12pm; Afternoon class: 1pm-4pm

Fees

HK$57,400/year (subject to EDB approval)

Small World also offers a playgroup for children aged 18-32 months and their caregivers. A member of Generations Christian Education, alumni of Small World have a priority in admission to Island Christian Academy and Norwegian International School.

Facilities

Peaceful, green location in Mid-Levels, with indoor and outdoor play areas.

Tel: (852) 2525 0922 Fax: (852) 2530 5448 Email: office@smallworld.edu.hk

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American International School

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American School Hong Kong (ASHK)

PAGE 45

Bebegarten Education Centre

PAGE 46

Canadian International School of Hong Kong

PAGE 47

Carmel School Association

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Concordia International School

PAGE 63

Dalton School Hong Kong (DSHK)

PAGE 48

Delia School of Canada (DSC)

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English Schools Foundation

PAGE 49

French International School of Hong Kong

PAGE 50

German Swiss International School

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Hong Kong Academy

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Harrow International School Hong Kong

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Hong Kong International School (HKIS)

PAGE 54

Island Christian Academy

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Kellett School

PAGE 55

Malvern College Hong Kong

PAGE 56

New Concept Mandarin

PAGE 65

Nord Anglia International School

PAGE 66

Norwegian International School

PAGE 57

Rowland Institute for Advancement

PAGE 58

SCAD Hong Kong

PAGE 59

Small World Christian Kindergarten

PAGE 66

Stamford American School – Hong Kong

PAGE 60

Victoria Educational Organisation

PAGE 61

Yew Chung International School

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MARK YOUR CALENDAR

the Smart City May 22 APowering Panel Discussion Energy is an indispensable part of any city. Amid the global smart city revolution, energy utilities are transforming their business models: adopting advanced technologies to pursue sustainable development and provide innovative energy solutions. Three speakers from leading players in the industry share their inspirational views and set the scene for future smart city development in Hong Kong.

Ynse de Boer Based in Singapore, Ynse de Boer leads Accenture’s Strategy & Sustainability practice for Asia Pacific. Twice Ynse co-authored the world’s largest study on CEO attitudes to sustainability for the United Nations. As a thought leader in sustainability, resource efficiency, energy and the energy transition, he serves as a knowledge partner and advisor to various public and private sector authorities and institutions.

Steven Davidson leads IBM’s Global Business Services consulting practice in Hong Kong and the Business Process consulting and operation practice across Greater China. He leads some of IBM’s most important transformation work with clients, assisting them with industry transformations enabled by digital technologies.

Travis Kan is Business Development Director of Schneider Electric, responsible for driving business growth via marketing and strategic initiatives, commercial transformation and digital customer experience programs. Prior to joining Schneider Electric in 2013, Travis started his engineering career in CLP Power Hong Kong and General Electric (GE), acquiring a comprehensive pool of solid experience in power generation, transmission and distribution, and control solutions.

Venue: The Renaissance Harbour View Hotel Boardroom 6 (M/F) 1 Harbour Road, Wanchai, HK

Time: 12:00pm - 2:00pm

Fees: Member: HK$680 Non-member: HK$780

The Secret to Decision-Making May 23 It’s All in the Data Vast volumes of structured and unstructured data are generated by businesses every day. Assessing and filtering that data has become a high priority for Hong Kong corporates and financial institutions. This event addresses the challenges and opportunities that come from big data and how you can harness this wealth of information to inform your daily decision making.

Julius Chen is a Technology Specialist for Microsoft Big Data and Microsoft Azure Data Services supporting the Greater China Region Teams in Taiwan, Hong Kong and China.

For information, see website: www.amcham.org.hk Tel: (852) 2530 6900 Fax: (852) 2810 1289 Email: byau@amcham.org.hk

Craig Murray is Commonwealth Bank of Australia’s Hong Kong based Innovation Manager, stationed in CBA’s Asia Innovation Lab. With a background in strategy, innovation and financial product development, Craig’s experience stretches from retail to corporate and institutional settings.

Noah Silverman holds a PhD in statistics from UCLA, and has worked with data and technology for over 20 years. Dr. Silverman’s specialties include: Artificial Intelligence, Machine Learning, Hierarchical Bayesian Models, classifiers, support vector machines, and textual analysis.

Bertrand Chen is a Data Scientist Lead at Asia Miles. At Asia Miles, Bertrand and his team strive to use the trove of transactional data to send the Right Offer, to the Right Member at the Right Time. Bertrand is a regular keynote speaker and panelist at conferences in APAC. Avril Parkin is the Director of Client Technology for Thomson Reuters in North Asia. She is a global IT professional with more than 20 years’ experience, 15 within the financial services industry.

Venue: The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road, Central, HK

Time: 12:00pm - 01:45pm

Fees: Member: HK$290 Non-member: HK$410

Trump’s Technology Policy and its Potential Impact May 24 On the Technology Industry in the US and Worldwide The outlook of the U.S. technology industry under the new Trump administration has been one of the most discussed topics after the election. The uncertainty in regulations, policy directions and the government’s views on some of the sensitive issues shadowing the sector has caused concerns and anxiety among tech insiders as well as members of the general public across the country.

What role do Americans expect the tech industry to play under the new administration? How confident are they about the future of the industry over the next four years? Are they worried that the U.S. might lose its world-leading position in innovation and technology development to other regions and countries?

Join us to find out the answers based on a nation-wide survey among the tech elites and the general public of the United States.

Kevin Bell is the Worldwide President of Burson-Marsteller. He plays a principal leadership role across Burson-Marsteller’s practices and geographies to help bring the highest quality professional services to its clients.

Rowan Benecke is the Global Chair of Burson-Marsteller’s Worldwide Technology Practice. In this role, Rowan is responsible for the overall strategic direction, business management, client relations and team development of the agency’s Technology Practice across offices in North America, Latin America, Europe and Asia.

Venue: The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road, Central, HK

Time: 12:00pm - 1:45pm

Fees: Member: HK$290 Non-member: HK$410

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