austcham news Issue 179 by The Australian Chamber of Commerce in Hong Kong

TECHNOLOGY EDITION The Australian Chamber of Commerce Hong Kong and Macau 香港及澳門澳洲商會

ISSUE 179, 2016

Driving Innovation and Revenue Through Digital Partnerships – Hong Kong Organisations Leading the Way P.10

Hong Kong Focus Billion Dollar Boost for Tech Start-ups

P.14

Australia Focus Nine Business Bets for Our Emerging Digital Economy P.12

Special Feature: Australia Day Lunch 2016 www.austcham.com.hk

Contents

austcham news issue 179 03 Chamber Chatter 05 Events Update 25 Feb - Australian Reflections: Treasurer of Australia The Hon. Scott Morrison MP 2 Mar - The Great Debate: ‘Women Need Men to Get Ahead in Their Career’

06 Membership eCard Benefit

07 Cover Story Driving Innovation and Revenue Through Digital Partnerships Hong Kong Organisations Leading the Way

10 Hong Kong Focus

Billion Dollar Boost for Tech Start-ups 12 Australia Focus Nine Business Bets for Our Emerging Digital Economy

14 Australia Day Lunch 2016

18 Macau Feature

20 Industry Insights 21 AustCham ANZ Mentor Program

A Chat with mentors and protégés

22 Committees in Action

24 Corporate News

26 On The Scene Follow us on: Facebook Twitter LinkedIn

Advertising: Karen Wu Email: karen.wu@austcham.com.hk

CONNEC T • ENGAGE • REPRESENT

Disclaimer:

25 Corporate Profile MCI Group

Editorial Committee: Drew Waters Karen Wu Claire Reaburn

The Australian Chamber of Commerce in Hong Kong and Macau has more than 1,500 members from some 500 companies doing business here. It’s the largest Australian business grouping outside the country and the second largest of 28 International Chambers of Commerce in Hong Kong. The AustCham mission is: To promote & represent Australian business & values while enabling members to connect, engage & grow bilateral relationships.

Far from the Madding Crowds

Published By: The Australian Chamber of Commerce in Hong Kong and Macau Room 301-302, 3/F, Lucky Building 39 Wellington Street, Central, Hong Kong Tel: +852 2522 5054 Email: austcham@austcham.com.hk

austcham news Online version

The views expressed in this publication are not necessarily those of the Australian Chamber of Commerce in Hong Kong and Macau, its members or officers. The Australian Chamber of Commerce in Hong Kong and Macau takes no responsibility for the contents of any article or advertisement, makes no representation as to its accuracy or completeness, and expressly disclaims and liability for any loss however arising from or in reliance upon the whole or any part of this publication. Copyright © 2016 The Australian Chamber of Commerce in Hong Kong and Macau

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Chamber Chatter

Chairman's Column Technology is the focus of this month’s AustCham News. Hong Kong is investing in innovation and technology. In the Chief Executive’s recent policy address he committed HK$4.5 billion to investment in innovation and technology. There are positive signs in Australia too, with the Prime Minister championing an “ideas boom” with a focus on innovation by all businesses. This forward thinking is long overdue. Silicon Valley can be looked to for lessons in what works. The uniqueness of Silicon Valley lies in “ideation”; that is in creating something that can become the new engine for something else. The impact of ideation in Silicon Valley has been amazing. It has enabled a platform and fashioned a spirit of inclusiveness that has attracted some of the best global talent across a range of knowledge industries. Creating a culture of openness and inclusion, and funding it sufficiently, is key to building a technologicallydriven economy that consistently moves up the value-added ladder to grow GDP, grow incomes, create new and interesting jobs, and improve living standards. Policy commitments from the top are a promising start, but for technology to foster innovation and for a knowledge-based workforce to be further enabled, there must be a compact between government, the private sector, and universities, with all parties pulling together to achieve a common goal. Both in Australia and in Hong Kong, I fear, the universities will prove to be the weak link. This is because most university research is done to satisfy academic outcomes at an individual level relating to publication and promotion, and not with commercialisation or “real world” applications in mind. For Australia, the question is whether Australia’s technology and innovation ambitions can be satisfied in the context of its limited financial resources, its limited number of big companies, and its relatively low exports of knowledge intensive services and high-technology manufactures. If Australia is to advance its knowledge-innovation economy and to remain competitive in doing so there is a need to be very determined in focusing its limited resources on doing the right things as opposed to spreading them too thin in trying to do everything. This means having a workforce with the right skills and capabilities, doing the right types of R&D, and creating the right incentives for collaboration, greater international linkages, and for the commercialisation of R&D. Otherwise the investment made in funding the infrastructure for the knowledgeinnovation economy will not achieve the desired outcomes. Many AustCham members operate in the technology sector, and in knowledge-related services. I sincerely hope for them that efforts in Australia and Hong Kong are not wasted, and that there is a fantastic “ideas boom” that drives a new economy. I hope that you will connect with the Chamber this month in some way, and that you will continue to share your views on how best the Chamber can serve you.

Richard Petty chairman@austcham.com.hk

issue 179 | austcham news

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Chamber Chatter

Across My Desk

ust as I finished wishing everyone a Happy New Calendar Year, I now find myself wishing all a Happy Lunar New Year. I do hope the beginning of 2016 has been productive for everyone, despite the unseasonal weather, and your planning for the rest of the year is in place. The AustCham Board held a Strategy Meeting in January, with some clear directions for the Chamber coming forward, and the near completion of the Articles of Association revision brings the Chamber up to date in its operational guidelines. Our Annual General Meeting in March will allow these to be adopted, and continue the governance into a new era.

The Chamber continues to support and encourage the all-round development of our Young Professionals and, as we near the end of the current ANZ Mentoring Programme cycle with graduation in March, we are looking forward to continuing this highly successful offering for another year. Participants have developed strong mentor-protégé relationships and often speak to me about the value they place on this initiative. In this issue, we have highlighted one of these pairings of Ruth and Tamara, whose experiences will be inspiring to the next wave of programme intakes. If you would like to find out more about the Mentoring Programme and how it may assist you, please contact the Chamber.

Australia Day in Hong Kong was a great success, and a huge thank you must go to long term sponsors, National Australia Bank, for their continuing support and guidance. Corporal Mark Donaldson, VC, was a very popular speaker and it was a pleasure to have him here for the event, amid a very busy schedule. Thanks also to supporting sponsors Amber Rebellion, Island Shangri-la and Qantas, and the support from AustCham Board, Advisory Council, ConsulGeneral Paul Tighe, our Platinum Patrons, and members for making this a very memorable day.

Continuing from the success of the programme, the Chamber will be implementing a new initiative aimed squarely at the ongoing development of our upwardly mobile younger members. The Professional Development Series will begin in March with the initial topics of Presentation Skills and Conflict Management, with other topics coming online later in the year. The format will follow a first stage theory session, followed by a second stage practical session, allowing for constructive feedback and a significant take away for participants. With thanks to our partner, Prime Time Training, for assisting with the facilitation and the Young Executives for their enthusiastic support.

We followed this up with a second celebration in Macau the following week, with guests Paul Tighe, The Flying Winemaker Eddie McDougall, and chef Glenn Austin from Bega. Galaxy Entertainment Group produced a great Aussie menu for the evening and all were made very welcome despite the very wintery weather outside. My thanks go to our Macau Members Committee for their continuing work in promoting our Macau activities.

The Australia-China Business Awards are in full flight for 2016, having been brought forward slightly to align with Australia Week in Shanghai in April. Nominations have been extended, and I encourage all businesses that have a great story to tell about their activities in or into China to nominate for these prestigious awards. Time is short though, so please keep an eye on the web page for guidance or call me for any information.

The Year Ahead seminar looked at regulatory trends and the effect on business for the coming year. Our long term event sponsors, Baker Tilley Hong Kong, again supported this annual discussion with exceptional speakers Angelina Kwan from Hong Kong Exchanges and Clearing, Andrew Weir from KPMG, James Kruger from Macquarie Securities Group, and moderator Paul Phenix from Baker Tilley. The discussion was lively and covered a wide range of regulatory issues and opportunities directly affecting business in Hong Kong. Thanks to Andrew Ross and his team at Baker Tilley for their continued support.

I am looking forward to another great Rugby Sevens Lunch on 7th April, with Matt Burke speaking. If past events are any guide, we are expecting this to be a huge success, but it will sell out quickly. I’d love to see you there so please get those bookings in early, else you’ll have to stand outside and look through the window. All that’s left is to wish you all a very prosperous, healthy and happy year of the Monkey. Kung Hei Fat Choi. Drew Waters, Chief Executive

Join the 5th annual Goodman Interlink Magic Mile Charity Ramp Run

oodman Interlink Magic Mile is an annual one-mile charity run, with participants racing up the 15-floor cargo ramp of Goodman Interlink. All funds raised are donated directly to Feeding Hong Kong, the first food bank in Hong Kong dedicated to redistributing surplus food to people in need.

Community Corner

Having increased the capacity for more food runs in 2015 with the donation of a 10-tonne truck, in 2016 the big goal is to serve 200,000 more meals to more local families in need.

Date: Sunday 6 March 2016 Time: 10:00 am to 12:00 noon Venue: Goodman Interlink, 39 Tsing Yi Road, Tsing Yi Transport: Free shuttle bus service between Tsing Yi and Kwai Fong MTR station and Goodman Interlink will be provided between 9:00 am to 1:00 pm How to join: http://goodmanmagicmilerun.com.hk

AustCham is a non-profit organisation and provides this space free of charge to other, selected non-profits or charities.

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ver the past year, the issue of domestic violence in Australia has been thrust into the national spotlight.

And that is due to the tireless work of an incredible Australian, Rosie Batty. It has been almost three years since Rosie’s son Luke was killed by his father. It is a tragedy that would have broken many. But instead, Rosie has become an unwavering domestic violence crusader with one goal in mind: to prevent violence against women and their children. As the 2015 Australian of the Year, Rosie has travelled the country sharing her heartbreaking story and campaigning against domestic violence. As Australian of the Year, Rosie has challenged Australia’s culture of gender-based violence and become a trusted voice for victims and survivors. She has brought the issue out from behind closed doors so it now receives unprecedented media coverage.

A Letter from Canberra During his time as Chief of Army, Lieutenant General Morrison started a significant cultural shift. He made it clear to Australian Defence Force members that they could “get out” if they couldn’t accept women as equals, stating that “the standard you walk past is the standard you accept”. If you haven’t already seen it, I strongly recommend you watch his powerful speech, which went viral. David Morrison is an excellent choice for the 2016 Australian of the Year. In her final speech as Australian of the Year, Rosie Batty encouraged him to “be bold, be brave and go hard”. I know he will. Gai Brodtmann MP, Federal Member for Canberra and CoConvenor of Parliamentary Hong Kong Friendship Group

This Australia Day, Rosie handed over her Australian of the Year title to former Chief of Army Lieutenant General David Morrison AO. In his acceptance speech, David Morrison called for continued action on domestic violence, gender equality, diversity and inclusion and pledged his commitment to Australia becoming a republic.

EVENTS UPDATE FEBRUARY AT A GLANCE… Thu, 25 Feb, 12:30pm – 2:00pm Australian Reflections: Treasurer of Australia The Hon. Scott Morrison MP Hennessy Room, 7/F, Conrad Hong Kong, Pacific Place, 88 Queensway, HK

Wed, 2 Mar, 6.00pm – 8.30pm The Great Debate: ‘Women Need Men to Get Ahead in Their Career’ Celebrating International Women’s Day Harcourt Suite, The Hong Kong Club, 1 Jackson Road, Central, HK Wed, 16 Mar, 12:15pm – 2:00pm Joint Business Community Luncheon with Financial Secretary The Honourable John Tsang Convention Hall, Hong Kong Convention and Exhibition Centre Thu, 17 Mar, 6:00pm – 9:00pm Mix at Six Post 97, UG/F, 9 Lan Kwai Fong, Central, Hong Kong

Fri, 26 Feb, 12:30pm – 1:45pm AustCham ANZ Mentor Program: CSR in Hong Kong - Is It Making an Impact? KPMG, 8th Floor, Prince's Building, Central, HK

Tue & Thu, 22 & 24 Mar, 6:30pm – 8:30pm Professional Development Series: S2: Dealing with Conflict Compass Office, 20/F, Infinitus Plaza, 199 Des Voeux Road Central, Sheung Wan, HK

MARCH AT A GLANCE…

APRIL AT A GLANCE…

Tue & Thu, 1 & 3 Mar, 6:30pm – 8:30pm Professional Development Series: S1: Delivering Polished Presentations Compass Office, 20/F, Infinitus Plaza, 199 Des Voeux Road Central, Sheung Wan, HK

Thu, 7 Apr, 12:00nn – 2:30pm AustCham Commonwealth Bank Rugby Sevens Lunch with Matthew Burke Grand Ballroom, Grand Hyatt Hong Kong, 1 Harbour Road, Wanchai, HK issue 179 | austcham news

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Cover Story

Driving Innovation and Revenue Through Digital Partnerships – Hong Kong Organisations Leading the Way - Jim Clarke, Head of International Marketing, Products & Pricing, Telstra Global Enterprise and Services

he ‘always on’ customer in Hong Kong is driving a new era of organisation – an organisation that must look past its current

form to draw on the ‘power of many’ in order to succeed in a hyper-disruptive world. The good news is that businesses in Hong Kong are recognising this challenge and are now looking to digital partnerships to drive innovation and new revenue.

issue 179 | austcham news

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Cover Story

We recently partnered with The Economist Intelligence Unit in a study entitled Connecting Companies: Strategic Partnerships for the Digital Age (Connecting Companies), to gain a better understanding of our own customers’ approach to digital technology led transformation. What is clear from this study is that out of the 1,000+ executives interviewed, those representing organisations in Hong Kong have a head start to many of their global peers, with over two thirds of them entering into a digital partnership over the past 12 months. Connecting Companies is the second in a series of global research reports we have commissioned. After looking at the business sentiment of multinationals operating in Asia in the Connecting Countries research last year, we wanted a closer look at the trend of digital disruption and examine how businesses are responding to an environment of rapid change and technological disruption by establishing partnerships across firms, industries and geographies. By sharply reducing the costs of doing business, the digital revolution itself is enabling small, specialist businesses to punch

8 • austcham news | issue 179

above their weight. The Connecting Companies research results supported this as when respondents were specifically asked their view on technology driven start-ups, over a third called them out as potential business partners – in Hong Kong, we saw this number increase to over 40 per cent. So it is not that the age of in-house R&D and product development is dead, but in many industries what is clear, is that you just can’t do it alone anymore. Whether it is the Indian conglomerate Tech Mahindra’s strategic partnership with Cisco on the Internet of Things, or investments in start-ups such as Telstra’s muru-D accelerator and Ventures Group, partnerships are a key part of business strategies. Although Hong Kong is one of the early adopters of digital partnerships in Asia Pacific, companies still need to be convinced about their significance. Only just over a third of Hong Kong respondents agreed with the statement that companies will have to be in a network to maximise technology trends in the future, which is less than the global average. Thirty four per cent of them believe their digital partnerships have already proven their value

What is clear from this study is that out of the 1,000+ executives interviewed, those representing organisations in Hong Kong have a head start to many of their global peers, with over two thirds of them entering into a digital partnership over the past 12 months.

‘beyond doubt’, which is also lower than the global average. It is obvious that there is more work to be done in order to make executives in Hong Kong truly believe in digital partnerships. What stands out for me most of all is that, globally, only 24 per cent of executives said their companies were responsible for causing digital disruption, and that falls to ten per cent in Hong Kong. This means the vast majority of senior leaders are either just responding or only watching disruption happen to them. That could really be asking for trouble. Hong Kong firms also seem to be less optimistic than the global average when looking at the ability of digital partnerships to drive revenue. Slightly over 40 per cent of them expect their digital partnerships to generate between 10-25 per cent of business revenue in the next 12 months. These challenges faced by Hong Kong companies could possibly be coming from intense market competition. The research shows that the most difficult issue for them to manage in a digital partnership is to find the right balance between co-operation

and competition. We can see that they are cautious about the competition as a third of respondents were either unlikely or highly unlikely to form a digital partnership with a competitor– something that may have to change for true innovation, with the global average showing 40 per cent likely or highly likely. Asia’s start up ecosystems have grown tremendously in recent years. As the financial hub in the region with talent and support from the government, Hong Kong is well-positioned for nurturing a strong digital community which could present mass opportunity for larger organisations looking to take on more digital partnerships. However, there is no use running out and forming alliances only because everyone else is doing it. Companies must be strategic in their choices, working with trusted partners to embark on their own digital discovery. We look forward to welcoming the era of the co-corporation and working with organisations on their own journey to reap the benefits that digital partnerships can enable. To obtain a copy of the report please visit www.telstraglobal.com.

issue 179 | austcham news

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Hong Kong Focus

Billion Dollar Boost for Tech Start-ups Hong Kong’s start-up ecosystem has received a HK$4.5 billion boost, with a multi-pronged commitment to foster innovation and entrepreneurship.

n his 2016 Policy Address announced last week, Hong Kong Chief Executive CY Leung unveiled a HK$2 billion Innovation & Technology Venture Fund. The matching fund allows the government to co-invest in local start-ups with private venture capital funds. A separate HK$500 million fund, meanwhile, has been earmarked to finance projects that use innovation and technology to improve residents’ daily lives. To further boost research and development, an additional HK$2 billion has been allocated, through the newly set up Innovation and Technology Bureau, for universities and R&D centres to carry out applied research projects.

This is on top of the Cyberport Creative Micro Fund Scheme, a seed fund set up to sponsor high potential creative and innovative start-up projects or business concepts in ICT-related areas. As well as the funding schemes of various universities to encourage innovation, the Chief Executive also cited the Hong Kong Science Park Corporate Venture Fund, which connects selected enterprises of the Science Park with partner venture capital firms and corporate enterprises. The government would continue to give full support to start-ups at different stages of development, he said.

The funding is a welcome fillip to the fast-growing sector, where in less than a year (from November 2015 to September 2015), the number of start-ups registered in Hong Kong grew from 1,065, to 1,558 – a 46 per cent increase.

Pool of Ideas and Opportunities

Ongoing Support

First up for the year is the inaugural StartmeupHK Festival (23-30 January), a week-long festival focused on the advancement of five key tech sectors in which Hong Kong excels: consumer Internet of Things (IoT), financial technology (fintech), health technology, data analytics and e-commerce.

The fertile ground Hong Kong offers entrepreneurs is becoming ever richer with more accelerator programmes and other start-up supports featuring on the annual business calendar.

Keynote speeches, interactive how-to-sessions, lessons from seasoned investors and founders, start-up pitching and more will be taking place in different venues. The festival is organised by StartmeupHK, a one-stop portal to the start-up community in Hong Kong.

New funding schemes are tipped to further boost Hong Kong as an innovation and technology start-up hub. In pledging HK$2 billion towards the main fund, the Chief Executive said that “innovation and technology start-ups require capital input at different stages of development”. He said that the matching fund would also encourage venture capital funds to invest in local innovation and tech start-ups. Mr Leung outlined other initiatives to boost Hong Kong's innovation and technology sector, notably the Cyberport Macro Fund, a HK$200 million investment in ICT (information and communication technology) start-ups at Hong Kong Cyberport.

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“The festival is aimed at showcasing the dynamism and growth of Hong Kong’s start-up ecosystem,” said Simon Galpin, DirectorGeneral of Investment Promotion at InvestHK. “It is expected to attract thousands of local and overseas start-ups, investors and business leaders to converge in Hong Kong.” During one of the week’s main events – the LAUNCH IoT Conference (27-28 Jan at PMQ in Central), speakers will include the CEO and founder of Misfit, Sonny Vu; investor with Samsung Global Innovation Center Christina Bechhold; the Director of Architecture, Microsoft, Josh Holmes; and the CEO of Li & Fung, Spencer Fung. Manav Gupta, CEO of Brinc, the conference co-organiser, said LAUNCH IoT “promises to be a truly immersive experience for IoT entrepreneurs everywhere, and an investor’s well of ideas and opportunities.”

Meeting Future Needs

Meeting Future Needs The local business community welcomed the latest initiatives to support technology innovation and entrepreneurship. Duncan Chiu, Vice-President of the Hong Kong Business Angel Network and Managing Director of Radiant Venture Capital, said the funding would fill a gap. “It’s relatively easy to get first-round funding in Hong Kong, due to the number of angel investors,” he said. “Hong Kong, as a financial centre, also has a lot of funding for later stage, pre-IPO (companies) – there is plenty of money in Hong Kong,” Mr Chiu said.

Hong Kong Cyberport, a creative digital cluster with over 660 community members

“But from an angel round, serious funding is required. We need to attract more VCs (venture capitalists) and more super-angels, who bring skillsets as well as money, to Hong Kong.” The mechanism of a matching fund can achieve that, he said.

Home to 580 companies, Hong Kong Science Park is expanding "Cyberport will increase incubation scheme quotas and establish new clusters for areas such as financial technology and e-commerce to meet the latest developments of the industry and the market," Mr Leung said.

The professionalism of these incoming VCs “makes a strong statement,” Mr Chiu added, and as a result, more overseas talent would be attracted to Hong Kong to launch their start-ups.

"Cyberport will also increase facilities such as Smart-Space small offices and workstations by 50 per cent in the coming year, and explore ways to better utilise its facilities and spaces, so as to cater for the development needs of the ICT industry.”

According to Simon Squibb, CEO of Nest, a Hong Kong start-up incubator, the funding is “a chance for Hong Kong to build a new economic pillar based on a knowledge-based ecosystem, and move away from the traditional service-based economy,” said Mr Squibb.

The latest expansion of the Hong Kong Science Park, currently home to 580 companies, will also meet its development needs for the next two to three years. Mr Leung added that in addition to attracting top R&D institutions from around the world, Hong Kong is uniquely placed to proactively seek collaborative opportunities with the Chinese mainland. New sites would be identified near the boundary to develop the Hong Kong Science Park and industrial estates “given the anticipated increase in the demand for sites for scientific research and new industrial use”.

“They Have Our Back”

“The start-up ecosystem has been scaling fast in the last few years and I feel this new initiative by the government shows that they have our back, and highlights further that there has never been a better time to start a company of purpose in Hong Kong.” For more information on this topic or others, please visit HKTDC Hong Kong Means Business at http://www.hktdc.com/HongKongMeansBusiness

issue 179 | austcham news

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Cover Story Australia Focus

Nine Business Bets for Our Emerging Digital Economy - Marek Kowalkiewicz, Queensland University of Technology

very year seems like an accelerated version of the previous one. Every year we think we have reached the peak and then following year comes, paling everything before it.

Will 2016 be the same? Every available sign suggests so. We might be worried about a potential new bubble burst or slowdown on stock markets, but this will not stop new ideas, business models, or new opportunities from emerging. Here are my nine bets - what will change in 2016 in business, technology and social.

Doing the same thing over and over again will never take you to new places In 2016, we will see more and more organisations focus on revenue resilience and look for new markets and opportunities. This will require oppositional thinking – looking for radically different ways of running business, for instance: paying your customers rather than charging them. Environmental sensing teams will be formed at many organisations with a goal of becoming aware and understanding the potential impact of new trends on their organisations. Resolution for 2016: set up a team to do “environmental sensing”.

The gig economy train is not slowing down Newly emerging business models will only get stronger in 2016. The gig economy will continue and will go well beyond house rentals and transportation. We will see at least one new global player following the Peers Inc. model providing means for individuals to offer their products and services in an easier way. And the next dominant player will likely come from Asia, a market that has remained largely untapped. Resolution for 2016: consider becoming a platform for the gig economy.

Delight your customers by predicting and meeting their needs ahead of time We will see a rise in proactive organisations, that is, organisations that are able to offer products and services the moment the need for them arises often even before the customer realises there is a need. We will see the first commercial examples of predictive delivery (“your product is at the doorstep, would you like to buy it, or shall we take it back?”). And after the easy ones are demonstrated and customers get used to it, other – often unexpected – players will follow: among others we will see the first truly proactive governments. All of it thanks to progress in digital identity. Resolution for 2016: redefine your products and services, become a truly proactive organisation.

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Welcome your digital personal assistant. One that really assists, not just pretends to Digital identit y will enable not only new organisational behaviour, but also facilitate evolution of other technologies. Digital personal assistants will continue to evolve. They will not only be able to tell you where the film you want to see is playing on the weekend or remind you about a doctor’s appointment, they will be able to pay your bills, switch electricity providers or truly support you in your work, like a real assistant (human-agent augmentation). Resolution for 2016: get more things done by delegating to your digital PA.

Digital capital is an enabler of social good

If the world around you moves faster than you do, the end is near Incumbents in asset-intensive industries will be challenged by technology advances even more than in previous years. The Janicki Omniprocessor will enable entire communities to go off the sewage and water grids. High capacity batteries in garages and self-driving cars will enable individuals to trade electricity outside of the grid. Telecommunication providers will see more and more pressure from meta providers. The cordcutting movement affecting cable TV will spread to other industries. Resolution for 2016: if you are an incumbent in your industry, focus on environmental sensing to avoid surprises.

Existing technologies will mature and be used in critical situations. Government agencies, emergency responders and disaster management will access Periscope and Facebook Mentions live streaming to gather intelligence. We will retain control of our digital selves and at the same time be able to “share our digital capital” whenever it may be helpful. This digital mindset will also be applied by organisations, looking for options to digitise idle assets using new technologies. Resolution for 2016: have a close look at your assets. Can they deliver new value in the digital economy?

Hardware will become the new app More and more individuals will find it easy to join the “maker culture”. Platforms like Arduino or Raspberry Pi will allow more people to rapidly prototype hardware solutions. We will see examples of Internet of Things applications that are finally compelling and useful to individuals. Environments like Apple’s HomeKit will only add to the momentum. On the other hand, platforms like Kickstarter will pave the way to efficient prototype-to-product processes. Resolution for 2016: join and support a makerspace.

Digital intelligence is the new black Society will continue to learn how to deal with digital economy trends. We will move from digital literacy through digital behaviour to digital elegance. And we will see growing interest in cybersecurity, despite numerous governments trying to discourage citizens from using data encryption tools. Resolution for 2016: invest in digital literacy and development.

Build a community and a product (or service) will come We will see more businesses starting in an unorthodox way: by first creating a community and only after that realising what product or service they could offer. Digital communities will become the new unfair advantage in every industry. Resolution for 2016: identify and invest in your communities.

Source: This article was originally published on The Conversation. Read the original article at goo.gl/nnRJr6 About the author: Marek Kowalkiewicz, Professor and PwC Chair in Digital Economy, Queensland University of Technology. Marek works for Queensland University of Technology. He receives funding from Queensland Government, Brisbane City Council and PwC.

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Australia Cover Story Day Lunch 2016

Bruce Simons of Australian International School Hong Kong and Robby Nimmo.

Alex Liu and Alexandra Yeung of National Australia Bank.

Richard Mazzochi and Ian Hardee of King & Wood Mallesons with Katherine Forbes of Flight Centre Hong Kong.

Matthew Deayton of Vega and Matthew Parker of Biamp.

Michael Hutchinson of CLP, Mark Skurnik of FIL Investment Management, Angus Guthrie and David Simmonds of CLP.

Andrew Steadson of Madepartners and Michael Ball of National Australia Bank.

AustCham Chairman Professor Richard Petty, Clayton Hebbard of HK Business Council â&#x20AC;&#x201C; ASEAN ECF, Australian Consul General Paul Tighe, AustCham Advisory Council member Sophia Kao, AustCham Director Dr Lee George Lam and AustCham Advisory Council member Edward Kwok.

Paul Carson with Michael Tempany of SMS Management & Technology Asia.

Sysanne Harris and Hong Tran of Mayer Brown JSM.

Geegee Ho of Commonwealth Bank of Australia and Jerry Mo of CK Life Sciences.

Alex Woodthrope of The Merton Group and Steven King of Credit Suisse.

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Andrew Carrick (left) and David Carrick (right) of Amber Rebellion with Robin Price.

Ben Watt of Capstone and Ricky Owen RBS.

Dirk Dalichau of Ovolo Group and Adam Gazal of National Australia Bank.

Tim Smith of LinkedIn and Matthew Brien of Flight Centre Hong Kong.

David Thomas of Think Global Consulting and Ian Robinson of Robinson Management Ltd.

AustCham Chief Executive Drew Waters welcomes all.

Guest speaker Corporal Mark Donaldson VC.

Alexander Jackson of Ambition and Richard Craggs of Cathay Pacific.

Peter Coad (left) and Arun Nangia (right) of National Australia Bank with guest speaker Corporal Mark Donaldson VC (middle).

The National Australian anthem was performed by Australian International School Acapella Group.

Australia Day! Cheers! Happy

David Shirley and David Christmas of Australian International School Hong Kong.

Robert Quinlivan of Macquarie Group and Greg Elliott of CLSA Limited.

AustCham Chairman Professor Richard Petty opens the day.

Peter Coad, Executive General Manager, International Branches of Event sponsor National Australia Bank introducing guest speaker.

AustCham celebrated Australia Day 2016 in style with the best of the Hong Kong Australian business community at Island Shangri-La Hotel on Friday 22 January. Special thanks to title sponsor National Australia Bank. This year also marks their 14th year of sponsoring this key community event. issue 179 | austcham news

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Australia Cover Story Day Lunch 2016

Post lunch cocktail at Lobster Bar

Thank you to our supporting partners on the day

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Australia Day in Macau Happy Australia Day! AustCham is first Macau event in 2016, Macau ‘Australia Day’ Cocktail was held at Galaxy Macau™ on 29 January.

Guest of honor, Australian Consul-General Paul Tighe.

Chair of AustCham Macau Committee, Michael Usher welcomes all.

Nathan Tuck, Matthew Humphreys of Aristocrat and Peta Humphreys.

Allen Wong and Grace Chan of CMA Australia with Andrew Colling of Galaxy Macau™.

The Flying Winemaker Eddie McDougall and Glenn Austin of Bega share their experience of doing business in Macau.

Austrade’s Senior Trade Commissioner Yvonne Chan and Stuart Kennedy of Dallmeier International.

James Englebrecht of St. James Place, Craig Cowdrey of Australian Consulate-General and Matthew Brien of Flight Centre Hong Kong.

s ulation t a r g n Co y draw k c u l e to th s! winner

Jason Flynn and Scott Walker of Galaxy Macau™.

David Clarke and AustCham Director Paul Scroggie.

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Cover Story Macau Feature

Far from the Madding Crowds Banyan Tree Macau’s Pool Villas are an idyllic, tropical oasis of tranquility; a world apart from the extravagant, hedonistic palaces of indulgence and aspiration of ‘Asia’s Las Vegas’

ACAU seems eternally destined to dangle in an air of unreality. Who could imagine, in their wildest dreams, this run-down Portuguese colonial backwater transforming, as if by magic, into ‘Asia’s Las Vegas’? Who could believe this sleepy, dilapidated time-warp – which not so long ago greeted visitors to a tumbledown, weather-beaten shed of a ferry terminal, and the main attraction was a long, languid lunch – might mutate into the entertainment and gaming capital of Asia? Not for nothing is one of its numerous extravagant palaces of indulgence and aspiration named City of Dreams. Macau is a city of dreams, where belief is suspended and reality continues to hang by a flimsy, hopeful thread. Such thoughts flutter through your mind while languishing in a Pool Villa at Banyan Tree Macau – a tropical idyll of serenity, incongruously floating atop the one of the Cotai Strip’s mega-development, Galaxy Macau™. Far down below are the dazzling lights of casinos and amazing theatrical productions like House of Dancing Water. Yet up here is an oasis of calm. Forget for a moment where you are, while soaking up

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the sun, slipping lazily into the warm pool, or sipping technicolour cocktails lounging on a day-bed under the stars, and you might easily imagine being in a tropical paradise. It’s as unreal as the madness below, but an altogether different parallel universe of rest, relaxation and, as they say, rejuvenation.

True to the dignified principles that made this 5-star boutique resort brand a standard-bearer of holistic, sustainable, modern luxury lifestyle – with its New Age outlook personified in the motto ‘Sanctuary for the Senses’ – Banyan Tree Macau quietly distances itself from gaming; unlike most hotels in Macau, with casinos contributing to their livelihoods. This concept of a retreat-enclave is encapsulated by the ten Thaiinspired Pool Villas on Galaxy Macau™’s resort deck complex: havens of tropical tranquility to escape the hedonism and appreciate the simple pleasures of life… traditional Asian hospitality and chic beach resort living. Set in charming sky gardens, individually separated and shielded by palm trees and banyans along meandering pathways, each enjoys its own outdoor private pool, including jet pools. Private outdoor pavilions add a breezily tropical element to the experience, while interiors in oriental design with high ceilings and ornate Thai silk furnishings complemented by auspicious vermillion red conspire to convince you of some other-worldly ambience. The lap of carefree luxury extends to a dedicated Personal Villa Host catering for every need, from organising a sizzling BBQ beside the private pool to creating an intimate in-villa spa pampering experience, or helping to choose the perfect pillow combination. On hand to accentuate the sense of romance and intimacy, their job is to make sure you lack for nothing. There are three villa choices – one, two or three-bedroom – and they’re all more spacious than most Hong Kong apartments. Apart from

their pools and terraces, one-bedroom Pool Villas of 450 sqm feature a living and dining room, dressing room, and luxurious bathroom with a private steam room and large bath overlooking lush greenery. Alternatively, two or three-bedroom Pool Villas also include either a spa treatment room or a 3rd bedroom, sauna, more extensive outdoor pavilions and indoor living areas, plus a crystal jet pool adjoining their private pools. At 950sqm, these Pool Villas are styled more for family getaways or a gathering of friends. For more information on different accommodation packages, please visit http://www.banyantree.com/en/cn-china-macau Banyan Tree Macau is a world apart, acknowledged by Forbes Travel Guide among the top ‘10 Triple Five-star Hotels in the World’, with TripAdvisor voting it Macau’s “No 1 Hotel for Romance”.

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Industry Insights

Hong Kong Employment Law: Round-up of 2015 and Looking Ahead to 2016 - Hong Tran, Co-Chair of AustCham People Forum and Partner of Mayer Brown JSM

015 has witnessed many important legislative developments in Hong Kong. This article aims to provide you with a snapshot of some of these major developments relevant to employers and HR professionals. The Competition Ordinance (Cap. 619) came into force on 14 December 2015. This new legislation is not directed specifically at the employment field, but its scope of application will affect the employment area. In the employment area, arrangements with a competitor to fix wages or prevent solicitation of employees could violate this Ordinance. Employers and HR professionals should also avoid disclosing to competitors competitively sensitive HR information such as salary and incentive payment structures and rates. Terms of engagement with intermediaries such as recruiters and salary consultants should be reviewed to prevent such disclosures. The Office of the Privacy Commissioner for Personal Data ("PCO") has continued to take active steps in safeguarding personal data in Hong Kong and enforcing the Personal Data (Privacy) Ordinance ("PDPO"). Personal data of employees and candidates are often the subject of complaints. In 2015, the PCO conducted and published an investigation on a case of collecting employees' fingerprint data for the purposes of safeguarding office security and monitoring staff attendance. Forty-two employers were sanctioned for placing "blind advertisements" to solicit job applicants' personal data without disclosing the employers' identities, and three companies were convicted under the new direct marketing regulatory regime. PCO also encourages employers to adopt the practices recommended in the Guidance on Personal Data Protection in Cross-border Data Transfer when handling overseas transfer of employees' personal data. The Contracts (Rights of Third Parties) Ordinance (Cap. 623) came into force on 1 January 2016. It radically reforms the "privity of contract" rule long established in Hong Kong and allows a third party beneficiary to enforce a term of a contract to which it is not a party. This new ordinance, however, specifically provides that a third party cannot enforce a term of a contract of employment against an employee. Otherwise, parties to a contract can exclude the operation of this ordinance by inserting a clause that expressly

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confirms that the contract does not confer any rights enforceable by a third party. Employers should assess each contract to determine whether or not it is desirable to confer third party rights, and if yes, to what extent should any third party rights be conferred on a third party. Looking ahead to 2016, the Equal Opportunity Commission is aiming to publish a report on the public consultation it concluded on the Discrimination Law Review in the first quarter of 2016 and to submit its recommendations to the Government, which may lead to the modernising and harmonising of the existing anti-discrimination law in Hong Kong. Issues such as age discrimination and sex orientation discrimination would likely raise much public awareness. It has also been a year since the PCO published a Guidance on Personal Data Protection in Cross-border Data Transfer in preparation for the commencement of section 33 of the PDPO. When in operation, section 33 will prohibit the transfer of personal data from Hong Kong to another jurisdiction, unless the transfer falls within 1 or more of 6 exceptions including a transfer of personal data to a jurisdiction listed on the "White List" (i.e. jurisdictions that the PCO considers to have personal data protection laws similar to the PDPO). The PCO has not published the White List but when it does, it would bring us closer to the commencement of section 33. In preparation for the commencement of section 33, employers should look at where their employees' personal data is being transferred to and consider which available exceptions might apply or can be invoked. Finally, rules on executive compensation may continue to change in 2016. Since the global financial crisis we have seen increasing regulation on senior executives' compensation structure, particularly in banking and finance sectors. New guidelines and protocols issued by overseas regulators which apply firm-wide in international companies may also create a knock-on effect on many aspects of remuneration policies and practices in their Hong Kong operation. Compliance with these regulatory or intended requirements are a legal and compliance challenge and often involves varying employment contract terms, which should be handled tactfully.

AustCham ANZ Mentor Program

Turn the Tables: Protégé Sharing Session

anuary’s AustCham ANZ Mentor Program event was the first of its kind for this program. Entitled, “Turn the Tables,” protégés were invited to speak for 8-10 minutes on a topic of their choice. This event gave the protégés an opportunity to work on their speech writing and presentation skills. Three protégés participated: Rica Bartlett, Ruth Haller and Benjamin Wong. All used their current mentor relationship as a point of interest and impact; they acknowledged the unexpected benefits of having a mentor and developing a deeply trusting relationship. Thank you to Rica, Ruth and Benjamin for their inspiring talks, courage and good humor.

For more information and details of AustCham ANZ Mentor Program, please contact AustCham Mentor Program Manager Mary Barbara Hanna at mentor@austcham.com.hk.

February’s event presents David Boehm, of The Hub, speaking about the impact of CSR in Hong Kong. The final Mentor Program event is scheduled for Tuesday, March 15, welcoming Jill Robinson, Founder of Animals Asia, speaking about “Going After Your Vision.” Please check AustCham website for updated information about times and locations. - Mary Barbara Hanna, AustCham Mentor Program Manager

A Chat with mentors and protégés This month we highlight a mentor-protégé pair that both have active careers while pursuing their entrepreneurial dreams. Tamara Bond and Ruth Haller come from very different professional backgrounds but share a desire to explore other opportunities without giving up their careers. Read on to discover what they’ve learned in this great relationship.

Ruth Hallelarss 2015

C - Protégé of Director, d Managing an er n w -o o -C Hong Kong Sugar Sisters

Program sponsor:

Tamara Bond

- Mentor of Class 2015 - General Counsel, Animals Asia so we could start strong and keep the momentum going. She was struggling with finding the best career path within her corporate work, so that was our focus. In order to learn about the best next steps, she was willing to create possibilities by interviewing multiple colleagues within various divisions and levels of her company. Her willingness to be consistently proactive led to her learning more about her preferences and options within her industry.

Forget day jobs – tell us about your entrepreneurial efforts. R I co-own an American style desserts company called Sugar Sisters. We specialise in American treats such as chocolate chip cookies and brownies with a twist. My business partner focuses on the baking and social media whereas I manage the operations and finances of the company. T

With my partners, I launched Royal Dragon Vodka in 2012. We produce a range of luxury vodka products, with the focus on premium ingredients and expert craftsmanship. Our awardwinning vodka is featured in a hand-blown bottle including a sculpted glass dragon and infused with 23-carat gold flakes. In the past four years, Royal Dragon Vodka has expanded distribution from our headquarters in Hong Kong to 22 countries. We plan to launch in North America in Fall 2016.

Why has this mentor/protégé relationship been so successful? R I had recently started Sugar Sisters when I joined the AustCham mentor program. My relationship with Tamara has been very helpful as she too juggles entrepreneurial work on top of a day job, so it has been valuable learning from her experiences. Further, she is a great listener and asks me probing questions to help me think through different ideas, especially on the topic of my career progression. It has been really good to have Tamara as my sounding board. T

I attribute our success to the hard work of my protégé, Ruth Haller. Eager to get as much out of the programme as possible, she agreed to meet two times a month for the first several months

What will be your “take away” learning from this program? R To be open to suggestions and input from different perspectives even though I think I already have a solution laid out. T

My biggest take away was receiving a good reminder of how much progress can be made by pursuing an objective consistently over time. Even though progress seemed to stagnate occasionally, Ruth kept pushing to learn more and find other connections that could inform her decisions.

Will we see a vodka/dessert pairing event in the near future? R Great idea, I hope so! I definitely enjoy both things and they can certainly pair well together. T

That would be an irresistible combination of my two favourite things! We do not have plans for a pairing at present, but you can be sure any joint project would be delicious.

Ruth Haller - R

Tamara Bond - T

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Committee Comment HOME

ABOUT US

Digital Security Tips MEMBERSHIP

SERVICES

Digital Security Tips Stuart Sanders, Velocity Technology

was reading a security blog recently and there was a commentary on the airline industries use of the QR code and the hidden information inside. After reading this I decided to do a bit of investigation myself. So I took a recent boarding pass from a flight to Australia, used a website (there are mobile apps as well) to decode the information, and took a look. Many airlines only require family name and the booking reference number to login and manage the booking. The information in the QR code was enough to login and manage the flight booking. That sounds nice and fairly innocuous until you think that many people commonly post a snap of their boarding pass on Facebook or some other social media as a form of bragging right of an impending trip or holiday. This means that anyone could use that posted image to potentially cause grief. What kind of grief? Well at the simplest, change your menu request, or seat allocation. If it’s a multi-flight booking, they could change your booking, cancel flights and so on. So be careful where you post images of your boarding pass. About the author: Stuart Sanders, a long time member of AustCham and is the Managing Director of Velocity Technology, a Hong Kong headquartered IT services company that serves small businesses to large fund management companies.

Committees in Action

People Forum: Employment Law 101

ustCham invited Hong Tran, Partner and Kayleigh Mak, Associate of Mayer Brown JSM to share basic knowledge of employment law in Hong Kong including statutory requirements in respect of granting and taking annual leave, holidays, maternity and paternity leave and the cessation of employment, and other areas of law relevant to employers such as anti-discrimination and data privacy laws. During the seminar, Hong and Kayleigh also provided practical tips to avoid common pitfalls in handling employment issues. - Kayleigh Mak, Mayer Brown JSM

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Committees in Action Business Technology Committee: Can Hong Kong Become an All-Electric Transport City?

he third event for the InterCham Innovation Series: “Can Hong Kong Become an All-Electric Transport City?” explored the merits of supercharging the adoption of electric vehicles in Hong Kong in order for our city to become the leading electric transportation city in Asia. Expert group of speakers including TF Chow, Chief Operating Officer of CLP Power; Isabel Fan, Country Director of Tesla Motors Hong Kong; Dr. Wing-tat Hung, Associate Professor, Department of Civil and Environmental Engineering at The Hong Kong Polytechnic University and Egidio Zarrella, Clients and Innovation Partner of KPMG discussed and debated both the commercial and environmental benefits of proactively driving this bold vision for Hong Kong on the day. The think tank session also reviewed all elements of the ecosystem for both private and public transportation and the necessary conditions that would need to coexist in order for EVs to be HK’s predominant form of transportation in the next 5-10 years. Special thanks to CLP Power, venue host KPMG and Moderator on the day Sarah Clarke.

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Corporate News JLL announces Strategic Leadership Changes

LL Hong Kong recently announced the strategic leadership changes in the company and Markets team today as part of the Company’s strategy to align the business to continue to drive growth.

Ben Dickinson has been promoted to Head of Agency Leasing. In his new role, he will be the operational business leader for Markets, Retail, Industrial and Residential Leasing teams. Alex Barnes has assumed the role of Head of Hong Kong Markets. He will be responsible for the day to day running of the Hong Kong Island Markets team. Paul Yien has been promoted to Head of Landlord Representation, within the office leasing business. He will be responsible for the identification, successful pitch and delivery of all Landlord sole agency work across Hong Kong. Joseph Tsang, Managing Director at JLL Hong Kong, said: “We see great opportunities due to the influx of PRC firms and the evolving changing market. With our strategic leadership changes in the Markets team, we can strengthen our services. I look forward to continuing to work with Ben, Alex and Paul as we continue to strategically focus on our growth and we are ready to take on the challenges that 2016 will bring.”

Member Classifieds Australia Registered Tax Agent in Hong Kong

Holistic Business Consulting Pty Ltd. Chartered Accountant We specialise in tax planning for Australian Expatriates, tax returns preparations, private rulings for deductions. www.myoztax.com Call Tommy Ip on +852 69018136 or email: tommy@myoztax.com

To enquire about advertising, submit an article, comment or respond to austcham news, please contact Karen Wu at karen.wu@austcham.com.hk or call +852 2522 5054.

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Business Excellence

llied Pickfords, one of the recognizable household goods moving brands of SIRVA Worldwide, Inc., was honored with the International Moving Company of the Year Award from the Forum for Expatriate Management (FEM). This was the third consecutive year the company was recognized with an Expatriate Management and Mobility Award (EMMA). “This is a fantastic achievement for Allied Pickfords. To win this award three times in a row is amazing. It’s a testament to the dedication and expertise of the Allied Pickfords employees and their commitment to delivering a custom, quality moving experience,” said Jacob George, president of SIRVA for the Asia and Middle East markets. The EMMAs are the global mobility industry’s premier awards, celebrating excellence in global mobility worldwide and signifying continued improvement and innovation in the delivery of relocation services.

Corporate Profile

MCI Group Hong Kong Office Portion B1 G/F Tung Chong Factory Building 653-659 King’s Road, Quarry Bay, Hong Kong http://mci-group.com/en-HK

Through face-to-face, hybrid and digital experiences, we help companies and associations to strategically engage and activate their target audiences, building the dedicated online and offline communities they need to strengthen their brands and boost their performance. We provide value to our clients by offering professional services in Meetings & Events Management, Professional Congress Organisation, Audio Visual Services & Production, Creative Communication Services, and Sustainability Consulting & Services. We have an office network in 61 cities around the world. What does your company do really well? We create live communication projects for companies and associations in the form of events and conferences with a creative touch, based on our clients’ objectives and marketing strategies. What's something most people don't know about your company? We have our own creative communication team called “Don't Believe in Style – DBIS”. DBIS is a cultural agency specialising in creating brand experiences for companies in the form of campaigns, events, concerts, and multimedia solutions. We also own our audiovisual equipment; this provides our customers with cost effective and quality technical solutions.

Anni Moyal Director, Business Development MCI Hong Kong What’s your company’s experience in Hong Kong? Our experience in Hong Kong is vast and we have been serving companies, associations and government clients since the year 2000 with a local and international team. In Hong Kong we have served clients in various fields; mainly in the finance, insurance, automotive, ICT, FMCG, direct marketing, and healthcare sectors. In addition we work with local professional entities in hosting large international congresses in Hong Kong. What’s your company’s connection to Australia? We have a strong presence in Australia with offices in Sydney, Melbourne, Brisbane and Adelaide. Our teams manage live communication projects and large conferences for both corporate and NGO clients in Australia. How would you describe your workplace and colleagues? Our team is a mixture of local and international professionals with a passion for events and supporting our customers to meet their objectives. We work under the same roof with our creative team and brainstorm ideas, solutions, and have fun together as a team. What do you do in your spare time? Hong Kong has great outdoor sports opportunities; I enjoy running in the mountains and hills of but I also enjoy the amazing culinary scene!

AustCham Platinum Patrons

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On The Scene

Paul Kam of HSBC, Lawrence Dewis of Lawrence Financial Group and Stuart Prentice of Pegasus Agriculture.

James Englebrecht of St. James Place, Suren Pather of SUMO Manage Fund with Katya Dobinson and David Thomas of Think Global Consulting.

Vincent Wong and Andrew Stedman of Chandler Macleod and Ivan Chait of Santa Fe.

The New Year Mix at Six was hosted by AustCham Finance, Legal and Tax Committee and was held at Renaissance Harbour View Hotel on the eve of the close of 2016 Asian Financial Forum. Thanks to event sponsor:

AustCham Treasurer Andrew Macintosh, Angus Stewart of Ord Minnett, AustCham Chief Executive Drew Waters and Angelo Iannazzo.

New Zealand Chamber Chairman David Whitwam with Tania Chin, Deputy Consul-General of New Zealand.

Special thanks to AustCham overseas member David Thomas of Think Global Consulting bringing his delegation to join the January Mix at Six. This is their 6th annual Australian mission to the annual Asian Financial Forum. The mission aims to provide delegates the opportunity to expand their knowledge and build connections in Asia Region.

Boe Campion of Ord Minnett and Jennifer Fong of Visacorp.

Roderick Van Buuren and Stephen Wise of Infosys Consulting, David Fergusson of Datavu Consulting.

Daniel Martin with Andrew Han of Ord Minnett.

Michael Madigan of OBE Organic and Robin Sillars.

Virginia Rigoni of VR Consulting and Zachary Meyer.

Ian Robinson of Robinson Management and Dale Hoy of InterRetire Ltd.

Jeff Hiew, Joey Poh, Chloe Vuong, David Hamilton of Commonwealth Private Bank and Peter Keller of The HUB HK.

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Congratulations winners! to the lucky draw

Our

company provides, audit and taxation services. Additionally, our affiliated company provides accounting and company secretary services for Hong Kong companies. W www.kkchoco.com.hk T (852) 3996 7398 E kkcho@kkchoco.com.hk

Niall Archibald of Deloitte and John Miers of Black Isle Consultants.

Lesley Hobbs of Advent Balance and Tracy Back of CITIC CLSA Securities.

Emilie Vittini of Dragon Law and Olivier Cheung Thomson Reuters.

Astrid Rainey of Macquarie Group and Randolph Fan of Thomson Reuters.

“The Year Ahead: Regulatory Trends and their impact in 2016” panel session was held at Renaissance Harbour View Hotel in late January. Thanks to event sponsor:

Andrew Ross of Baker Tilly Hong Kong, AustCham Treasurer Andrew Macintosh and Deputy-Chair Melanie Nutbeam with moderator on the day, Paul Phenix.

Felicia Cheung and Karen Taylor of Lexis Nexis.

Ian Ivory of Berwin Leighton Paisner LLP and Fiona Teh of KPMG.

Elizabeth Mifsud and Geraldine Johns-Putra of Minter Ellison.

th Andrew Weir, Senior Partner (Hong Kong), Global Head of Real Estate and Construction, KPMG

Angelina Kwan, Managing Director, Head of Regulatory Compliance, Hong Kong Exchanges and Clearing Ltd.

AustCham Chief Executive Drew Waters welcomes all.

Andrew Ross, Managing Director of Baker Tilly Hong Kong.

u to a l l Tha n k yo da y ! s ts o n t h e e pa n e l l i James Kruger, Global Head of Legal, Governance & Risk, Macquarie Securities Group

More coverage can be found on our online photo album: www.flickr.com/photos/austchamhongkong issue 179 | austcham news

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