austcham news Issue 193 by The Australian Chamber of Commerce in Hong Kong

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

ISSUE 193 | 2017

ate! Save ththe D iversary

3 0 Ann AustCham ber 2017 r - 27 Octo Gala Dinne

Express Rail Link to Slash Travel Time to Mainland Cities P.8

Australia Focus How Many People Can Australia Feed?

P.10 Spotlight on Advocacy P.12 Why a Free Trade Agreement Matters

Hong Kong Focus Get to know the New Hong Kong Government

www.austcham.com.hk

Contents

austcham news issue 193

02 Events Update

8 Sept - 16th CEO Forum: What Matters Now:

Leadership for Future Executives

03 Chamber Chatter

06 Cover Story Express Rail Link to Slash Travel Time to Mainland Cities

08 Australia Focus

How Many People Can Australia Feed?

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 Editorial Committee: Jacinta Reddan Karen Wu Advertising: Karen Wu Email: karen.wu@austcham.com.hk

10 Hong Kong Focus 12 Spotlight on Advocacy

13 Membership eCard Benefit

CONNEC T • ENGAGE • REPRESENT

14 Committee Comment

16 Industry Insights

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 international Australian Chamber 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.

17 Committees in Action 18 New Members 19 Book Review

19 On the Scene

Disclaimer:

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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 © 2017 The Australian Chamber of Commerce in Hong Kong and Macau

Chamber Chatter

From your Chairman

am honoured to accept the position of Chairman of AustCham Hong Kong and Macau. I follow a strong legacy of leaders who have worked together with the staff, board, members and community to promote and represent Australian business and values.

Firstly, I would like to acknowledge the extraordinary contribution of our former chairman Professor Richard Petty for his dedication, direction, and guidance during his four years as Chair. Richard will remain on the board for the next twelfth months as Immediate Past Chairman, and we look forward to his continuing active participation. As you are aware, the Chamber’s previous Chief Executive Drew Waters left the position at end of July and has returned to Australia with his family. Drew played a vital role in the Chamber’s development in the past three years and we appreciate all that he has achieved during his time. To facilitate a smooth management transition, the Board of Directors of AustCham is pleased to have appointed Jacinta Reddan as Interim Chief Executive, effective 25th July 2017. Jacinta has stepped down from her role as board director to take up the role while the recruitment process for CE is underway. On behalf of the board, staff and myself, I welcome Jacinta to the team and look forward to working with her, with the best resources we have – our people – on the continuing growth of the Chamber. Since its establishment in 1987, AustCham and indeed Hong Kong, have been through many challenging and exciting times, such as the nature of living and doing business in this vibrant world city. This year, our 30th anniversary celebrations kicked off with a cocktail reception in June featuring Chief Executive of HKSAR Mrs Carrie Lam. We also mark a new era in governance for the Chamber by introducing the new articles of association which have been led by Deputy Chair Fiona Nott and King & Wood Mallesons, under Professor Richard Petty’s leadership. I look forward to work together with you all to continue to create long-term value for our members and the Australian business community. One of the key areas of current focus is the negotiation of the Free Trade Agreement (FTA) between Australia and Hong Kong, which you can now find this on our website (www. austcham.com.hk/latestnews/77). We encourage members to also engage in this important discussion and consider making your own submission to further foster closer relation between Australia and Hong Kong. As a Chamber, we also believe the Double Taxation Agreement which has been under discussion for many years is complementary to the FTA and you will hear more about this over coming months. Andrew Macintosh chairman@austcham.com.hk

AUGUST AT A GLANCE… Sat, 19 August, 4:00pm – 8:00pm Macau Bledisloe Cup Function The Vista, MGM MACAU, Avenida Dr. Sun Yat Sen, NAPE, Macau Wed, 23 August, 6:00pm – 9:00pm The 65th InterCham Young Professionals Cocktail Jamie’s Italian, 2/F, Soundwill Plaza II – Midtown, 1 Tang Lung Street, Causeway Bay, Hong Kong Thur, 24 August, 7:45am – 9:00am Have you set up your savings and investments in a tax efficient manner for your eventual return home to Australia? Dot Cod Seafood Restaurant and Oyster Bar, Basement, The Landmark Prince, 10 Chater Road, Central, Hong Kong

EVENTS UPDATE SEPTEMBER AT A GLANCE… Fri, 8 September, 8:00am – 9:30am 16th CEO Forum: What Matters Now: Leadership for Future Executives Herbert Smith Freehills, 23/F, Gloucester Tower, 15 Queen's Road Central, Hong Kong Wed, 20 September, 8:00am – 10:00am Emerging Risks in Your Supply Chain Harcourt Suite, The Hong Kong Club, 1 Jackson Road, Central, Hong Kong issue 193 | austcham news

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Chamber Chatter

ustCham members have much to celebrate this year as we mark our 30th birthday. Our chamber is the second-largest in Hong Kong and the largest international Australian chamber with a vibrant, diverse and engaged membership base. But this didn’t just happen organically. This milestone reflects the close ties between Australia and Hong Kong on so many levels –education, migration, friendship and, of course, political, investment, bilateral business and commercial relationships which are at our core. And this celebration is about you: it is about the hundred or so committee members - the heartbeat of our chamber. It is a celebration of those who volunteer as mentors on our highly popular program sponsored by the University of Wollongong. It is a mark of those who share their insights and expertise by speaking at our events. It is testament to the work, perseverance and ingenuity of our SMEs who took that chance and built their businesses in Hong Kong. And

Across My Desk is it a celebration of our sponsors, particularly our Platinums who support the chamber and our members in countless ways. Reaching this 30 year milestone is also the result of the extraordinary support the Australian business community has enjoyed from our consuls general across those three decades. We are truly fortunate to have Consul General Michaela Browning here in this anniversary year. You can look forward to hearing more from her when she shares her views on the Australia-Hong Kong relationship at a special member luncheon event next month. We look forward to revealing more about plans to mark our 30th with a special gala dinner later in the year – an event to watch out for. This will be an opportunity for us to acknowledge the work of those who started it all back in 1987 and to track the growth of Australia’s dynamic business community in Hong Kong – as well as Hong Kong businesses who have forged strong ties with Australia. As I step into the interim Chief Executive role following Drew Water’s return to Australia, I am very honoured to be continuing that legacy. Jacinta Reddan, Interim Chief Executive

Variety – the Children’s Charity of Hong Kong providing physical and practical resources to enable physically, mentally and socially disadvantaged children in Hong Kong to LIVE, LAUGH AND LEARN. You are invited to an evening of dinner, dancing and entertainment to help raise funds for disadvantaged children in Hong Kong When: Saturday, 16th September 2017 7:00pm - Cocktails on Rooftop Terrace 7:30pm - Dinner (Dancing until late) Where: Ladies' Recreation Club, 10 Old Peak Road, Mid-Levels, Hong Kong Dress Code: Black tie Tickets: Early bird: HK$1,928 per person before 18 August 2017 Regular price: HK$2,100 per person after 18 August 2017 Tables of 10 and 12 are available. If you are single or in a smaller group, we will aim to sit you with interesting folks like yourself. Tickets are available at: https://app.etapestry.com/onlineforms/VarietytheChildrensCharityHon/Events.html For further information, please contact info@variety.org.hk or donhesshk@gmail.com

www.variety.org.hk

4 • austcham news | issue 193

A Letter from Canberra As a member of the republican movement, I’m delighted the idea of an Australian republic is back in the news thanks to Labor Leader Bill Shorten. In 1999, the republic referendum was defeated. The Australian Capital Territory – the community I represent – was the only state or territory that voted yes, with an overwhelming 63 percent. But recent polling suggests Australia’s current opinion on a republic may now be more in line with the ACT’s views of 1999. An Essential Report poll just before Australia Day this year showed 44 percent of Australians support a republic with an Australian head of state, 30 percent oppose and 26 percent remain undecided. The republican movement is supported by the Prime Minister. As part of an Australian Republican Movement campaign in 2016, seven of Australia’s eight leaders signed a declaration supporting the end of the constitutional monarchy. The declaration posed the simple proposition that "Australia should have an Australian head of state”. In a recent speech to the ARM, Bill Shorten said a future Shorten Labor Government will put the issue to a referendum in its first term.

He added that the movement is not about disrespecting Queen Elizabeth. “We can vote for a republic and still win gold medals at the Commonwealth games. “We can vote for a republic and recognise that Will and Kate have two seriously cute kids. “We can vote for a republic and still binge-watch The Crown on Netflix. "And we can vote for a republic without derailing the business of government, or the priorities of this nation," he said. A Shorten Labor Government referendum will ask whether we want an Australian to be our head of state. If a yes vote prevails, then there can be a discussion about how the new head of state is chosen. It’s time we just got on with it. Gai Brodtmann MP, Federal Member for Canberra and Co-Convenor of Parliamentary Hong Kong Friendship Group

Support Variety – the Children’s Charity in Hong Kong!

any of our readers will be familiar with Variety – the Children’s Charity in Australia and other countries. A new chapter of Variety has started in Hong Kong, dedicated to delivering life-enriching services and practical resources that help to build better futures for disabled, critically ill and disadvantaged children in Hong Kong. Unlike most charitable organizations that focus on a single problem area or issue, Variety focuses on multiple unmet needs of children who are sick, disadvantaged or live with disabilities and other special needs. One distinguishing feature of Variety - the Children’s Charity is that they generally do not make cash payments directly to beneficiaries. Instead, they aim to provide physical and practical resources to meet the needs of disadvantaged children and to relieve the burden on their families. The objective is to enable disadvantaged children to reach their full potential and enjoy life through Variety’s programs.

Community Corner

Their aim is to maximize the real, long-term positive social impact for all children. Variety welcomes the support of any person or organization that shares their ideals and objectives. The profound and long-term life changing benefits your donation and support delivers to a child cannot be overstated. To donate or find out more information, please visit http://variety.org.hk. AustCham is a non-profit organisation and provides this space free of charge to other, selected non-profits or charities. issue 193 | austcham news

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Cover Story

Express Rail Link to Slash Travel Time to Mainland Cities

ong Kong’s reputation as a fast and efficient “super connector” with the Mainland of China will enter a new era with the commissioning of the new crossboundary high-speed rail link later next year. The Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) will plug Hong Kong into the Mainland’s fast-expanding high-speed rail network that spans more than 22,000 kilometres. Trains on the XRL will significantly reduce travel times to major cities, and enhance links to the developing Bay Area. Short-haul services will take travellers from the West Kowloon Station to Futian in 14 minutes, Shenzhen North (23min), Humen (33mins) and Guangzhou South (48mins). Long-haul services will see travellers within direct and easy reach of cities including Changsha (3hrs), Xiamen (4hrs), Wuhan (4hrs 30min), Fuzhou (5hrs 15mins), Shanghai (7hrs 45mins) and Beijing (8hrs 45mins). Travelling at speeds of around 200km/h within the Hong Kong section, and up to 300km/h after leaving the tunnel, the sleek, ultramodern trains will enable business and leisure travellers to relax in comfort or work on the move. “In addition to short-haul trains to Guangzhou, there will be trains departing from West Kowloon to Beijing, Shanghai and eight other major Mainland cities upon commissioning, and it will bring about huge convenience,” said Chief Executive Carrie Lam.

6 • austcham news | issue 193

The Government also released details of a co-location clearance arrangement that will see travellers clearing customs, immigration and quarantine procedures for both Hong Kong and the Mainland in one go at the West Kowloon Station. After clearing Hong Kong immigration, departing passengers will enter a specially designated and secure Mainland Port Area to clear Mainland entry procedures. Passengers will then have access to the entire PRC high-speed rail network. Returning to Hong Kong, passengers will be able to board trains at any high-speed rail station in the Mainland and then undergo Mainland departure procedures on arrival at the specially designated Mainland Port Area in the West Kowloon Station. The much talked about co-location arrangement is similar to that at the Shenzhen Bay Port, which has been operating smoothly since 2007. The new rail link will significantly reduce travel time when compared to air travel. It will put an end to arriving two hours before a flight and avoid delays caused by bad weather. Train stations are generally located close to the city centre, further reducing time to reach key business destinations. Fast track to business opportunities The Express Rail Link (XRL) is expected to generate significant business opportunities for Hong Kong.

Hong Kong’s Chief Secretary for Administration Matthew Cheung said the XRL would enhance Hong Kong’s long-term economic competitiveness through increased interaction between Hong Kong and Mainland cities. Travel, trade, business, education and family visits all stand to benefit. Upon commissioning, the XRL will bring an estimated 60 million people within a four-hour train ride of Hong Kong, with Hong Kong’s business community finding it easier to connect with business partners in the Mainland and explore new potential markets for their products and services. As well, more Mainland entrepreneurs will be able to attend international conferences, networking events and business-matching activities in Hong Kong or take part in the city’s many international trade fairs and exhibitions.

The XRL will also help to amplify business opportunities for Hong Kong arising from the Central Government’s plan to boost economic development of the Bay Area, a region covering Hong Kong, Macau and nearby parts of Guangdong that have a combined GDP of US$1.36 trillion (in 2016).

The Hong Kong SAR Government estimates XRL will save about 39 million hours of travelling time annually, bringing up to HK$90 billion (US$11.5 billion) (discounted to 2015 prices at a rate of 4%) in direct economic benefit in 50 years, based on the time savings of passengers alone.

Source: Information Services Department, HKSARG

高鐵香港段2018年第三季開通時可直達以下內地城市（毋須轉車） Direct trains to the following Mainland cities (without interchange) upon commissioning of the Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (“XRL”) in Q3 2018 預計車程 Estimated travelling time 短途 Short-haul services (不停中途站計算 assuming no intermediate stops) 福田 Futian 14分鐘mins 深圳北 Shenzhen North 23分鐘mins 虎門 Humen 33分鐘mins 廣州南 Guangzhou South 48分鐘mins 長途 Long-haul services 汕頭 Shantou (潮汕站 2小時hrs 15分鐘mins Chaoshan Station) 長沙 Changsha 3小時hrs 廈門 Xiamen 4小時hrs 武漢 Wuhan 4小時hrs 30分鐘mins 南昌 Nanchang 4小時hrs 30分鐘mins 福州 Fuzhou 5小時hrs 15分鐘mins 鄭州 Zhengzhou 6小時hrs 15分鐘mins 杭州 Hangzhou 6小時hrs 45分鐘mins 7小時hrs 45分鐘mins 上海 Shanghai 北京 Beijing 8小時hrs 45分鐘mins

北京 Beijing

目的地 Destinations

鄭州 Zhengzhou

武漢 Wuhan 長沙 Changsha

上海 Shanghai

南昌杭州 Nanchang Hangzhou 福州 Fuzhou

廈門 Xiamen 廣州 Guangzhou 汕頭 Shantou

香港 Hong Kong

四縱四橫 4 Verticals and 4 Horizontals 京廣客運專線 BeijingGuangzhou Passenger Line

杭福深客運專線 Hangzhou-FuzhouShenzhen Passenger Line

Photo & Graph: HKSAR Government Information Services Department issue 193 | austcham news

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Australia Focus

How Many People Can Australia Feed?

- Bill Bellotti, Professor and Director Food Systems Program, Global Change Institute at The University of Queensland

Population growth has profound impacts on Australian life, and sorting myths from facts can be difficult.

ustralia feeds a lot of people. As a big country with a relatively small population, we have just over two arable hectares per person, one of the highest ratios in the world. Our diverse soils and climate provide a wide variety of fresh food all year round.

By the numbers

Historically we produce far more than we consume domestically. We sell around 65% of farm production overseas, making Australia a leading food-exporting nation. We therefore contribute to the food security not just of Australia, but of many other nations.

In addition to providing food and nutrition security, the Australian food sector is a key driver of public health, environment, the economy and employment. The gross value of production from Australia’s 135,000 farmers varies between A$55 billion and A$64 billion a year, with exports accounting for between A$45 billion and A$48 billion.

However, despite being a net food exporter, Australia also imports foods such as coffee, chocolate, processed fruit and vegetables, and key ingredients used in baking our daily bread. We are part of a global food system.

Horticultural production (fruit, nuts and vegetables) will swell as Australian growers move to satisfy growing Asian demand.

How will a swelling population, projected to reach between 36.8 million and 48.3 million by 2061, affect our food security? Are we set up to weather the storm of climate change, the degradation of our natural resources, and competition for land and water use from mining and urban expansion?

Source: Department of Agriculture and Water Resources

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Current Australian government policy is to increase agricultural production and food exports, with a specific focus on developing Australia’s north.

Australian food processing companies add a further A$32 billion of value from 150 large food processors. We exported $A26 billion worth of processed food and beverages in 201516 and imported A$16.8 billion, resulting in a trade surplus of A$9.1 billion (rounded to one decimal place). The food retail sector has an annual turnover around A$126 billion, with about 70% of Australians shopping at Woolworths

or Coles. It’s also worth noting that considerable land and water resources are devoted to non-food commodities such as forestry, cotton and wool, and to environmental outcomes such as carbon sequestration or biodiversity plantings. One in seven Australian jobs (1.6 million) are in the farmdependent economy, and food and beverage processing employs around one-third of all Australian manufacturing workers, with promising growth prospects. Many jobs are seasonal and based in the regions. Farm and food enterprises rely on foreign workers for many key tasks, resulting in the food sector being particularly sensitive to changes in temporary work visas. How to feed more people If Australia reaches its projected population of between 36.8 million and 48.3 million by 2061, could we feed everyone? For the sake of this exercise, let’s leave aside food we import, and assume that Australia will continue to export 65% of the food we produce. Currently, our exports feed (at least in part) 36.6 million people outside Australia. If we add that to our domestic population, 61 million people will eat Australian food in 2017.

eating more vegetables and less discretionary “junk” foods represent initial steps in this direction. The next few decades will present unprecedented challenges and opportunities for the Australian food sector. Placing the consumer at the centre of healthy, sustainable and ethical food systems will be increasingly important, whether that consumer lives in Brisbane or Beijing. New ways of connecting consumers to producers will become commonplace, creating more informed and empowered consumers, and rewarding innovation. Research highlighting the interconnections between food, health and environment will be required to support Australia’s claims to being a clean, green provider of food. It’s easy to conclude that Australia can feed many more people than we currently do, but the real issue is to do this while ensuring our food system is healthy, sustainable and fair. Ultimately, exporting the research, technology and education that underpin our future food system will benefit far more people than those directly consuming food produced in Australia. Source: The original article was published on The Conversation.

If we apply the same assumptions to projected high and low Australian populations for 2061, we arrive at a total (domestic plus export) population fed by Australian production of 92 million to 121 million, or an increase of 51-98%. Could Australia double the number of people we feed by 2061? The answer is yes, but not simply by doubling the amount of food we produce. Three broad strategies will need to be integrated to reach this target: 1. Increase food productivity. We need to aim for 2% growth in annual food production by increasing investment research and development for food and agriculture. For comparison, between 1949 and 2012 we have averaged 2.1% annual growth, although from 2000-12 that slumped to 0.6%. Achieving this productivity target will be difficult, given the challenge of climate change and other constraining factors. 2. Reduce food waste. We currently waste around 30% of the food we produce. Reducing food waste benefits the environment and the economy. This strategy requires ongoing improvements in supply chain efficiency, changes in marketing, and consumer education. 3. Change our eating patterns. Moving towards sustainable diets will improve public health and environment outcomes. Reducing overconsumption (a contributor to obesity), issue 193 | austcham news

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Hong Kong Focus

Get to know the New Hong Kong Government Mr Paul Chan Mopo, GBM, GBS, MH, JP, Financial Secretary Mr Chan is a Certified Public Accountant. He is a former President of the Hong Kong Institute of Certified Public Accountants and a former Chairman of The Association of Chartered Certified Accountants, Hong Kong. Mr Chan served as Secretary for Development of the Hong Kong Special Administrative Region Government from July 2012 to January 2017. He was appointed Financial Secretary on 16 January, 2017.

Mrs Carrie Lam, GBM, GBS, Chief Executive of the Hong Kong Special Administrative Region Mrs Carrie Lam joined the Administrative Service of the Hong Kong Government in August 1980 and rose to the rank of Administrative Officer Staff Grade A1 in September 2006. She became a Principal Official on July 1, 2007 when she was appointed Secretary for Development. She was appointed Chief Secretary for Administration on July 1, 2012. Mrs Lam has served the public for more than 36 years in 20 public service positions including Director of Social Welfare, Permanent Secretary for Housing, Planning and Lands (Planning and Lands), Director-General of the Hong Kong Economic and Trade Office in London, Permanent Secretary for Home Affairs, Secretary for Development and Chief Secretary for Administration. Mrs Lam was elected as the Fifth-Term Chief Executive of the Hong Kong Special Administrative Region on March 26, 2017, and was officially appointed to this position by the Central People’s Government on March 31, 2017 to assume office on July 1, 2017.

Mr Rimsky Yuen Kwokkeung, GBM, SC, JP, Secretary for Justice Mr Rimsky Yuen, SC, was appointed Secretary for Justice on July 1, 2012. He was a barrister in private practice before joining the Government, specialising in commercial disputes. He also served as arbitrator in international arbitration and mediator in commercial disputes. Mr Yuen was appointed Senior Counsel in 2003 and a Recorder of the Court of First Instance of the High Court in 2006. Mr Yuen has also served in various public duties, including as Member of the Judicial Officers Recommendation Commission, Non-Official Member of the Independent Commission against Corruption Advisory Committee on Corruption, Chairman of the Transport Advisory Committee, Non-executive Director of Mandatory Provident Fund Schemes Authority and Council Member of the Hong Kong Institute of Education.

Mr Matthew Cheung Kin-chung, GBM, GBS, JP, Chief Secretary for Administration Mr Cheung has been Chief Secretary for Administration since January 2017.

Source: https://www.gov.hk/en/about/ govdirectory/po/index.htm

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He joined the Hong Kong Government as an Information Officer in July 1972. He had served in various policy bureaux and departments, including the former Finance Branch, the Home Affairs Department, the former City and New Territories Administration, the former Government House, the former Industry Department, the former Trade Department, the Financial Secretary’s Office, the Judiciary and the Central Policy Unit. He became Commissioner for Labour in January 1999, the Director of Education in June 2000 and Permanent Secretary for Economic Development and Labour in July 2002. He was Secretary for Labour and Welfare from July 2007 to January 2017.

Mr Edward Yau Tang-wah, G JP, Secretary for Commerc and Economic Developmen

Mr Yau assumed the post of the Secretary for Commerce and Economic Development on July 2017. His portfolio covers policy areas from trade, commerce to telecommunications and broadcasting, and from promotion of creative industries, intellectual propert and consumer protection to boosting inward investm and tourism development.

Mr Yau started his civil service career as an Administr Officer in 1981. Before taking up the current post, M Yau was the Director of the Chief Executive's Office f 2012 to 2017, assisting the Chief Executive in formula policies and setting policy goals and priorities. He wa the Secretary for the Environment from 2007 to 2012 overseeing policies on environmental protection, ene nature conservation and sustainable development.

Mr Joshua Law Chi-kong, G Secretary for the Civil Ser

Mr Law joined the Administrat 1980. He served in a number o departments during his civil se became Principal Assistant Sec Civil Service in 1994 and Depu Education and Manpower in 19

After reunification, Mr Law became Private Secreta Chief Executive. He was appointed Director-Genera (later renamed Director-General of Trade and Indus 1999, Permanent Representative of HKSAR to the W Organisation in Geneva in 2002, Permanent Secreta Environment, Transport and Works (Transport) in 2 Secretary for Constitutional and Mainland Affairs in Permanent Secretary for Security in 2012. On 1 July was appointed Secretary for the Civil Service.

Mr Wong Kam-sing, GBS, Secretary for the Environm

Mr KS Wong was born in 1963 architect by profession. He had the Vice Chairman of the Hong Building Council and the Chair Professional Green Building Co

Before joining the Government, he has contributed of a number of Government advisory bodies. In par active involvement in the public engagement proce Council for Sustainable Development. He was the c Support Group on Combating Climate Change: Ene Carbon Emission Reduction in Buildings. He was als of the Support Group on Building Design to Foster a Sustainable Built Environment.

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Mr Michael Wong Wai-lun, JP, Secretary for Development Mr Michael Wong was appointed Secretary for Development on 1 July 2017.

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Mr James Henry Lau Jr, JP, Secretary for Financial Services and the Treasury

Mr Nicholas W. Yang, GBS, JP, Secretary for Innovation and Technology

Mr Lau was appointed the Secretary for Financial Services and the Treasury on 1 July 2017.

Mr Yang has been Secretary for Innovation and Technology of the Hong Kong Special Administrative Region since November 2015.

Mr Lau joined the Hong Kong Government as an Administrative Officer in 1979. He joined the Hong Kong Monetary Authority (HKMA) in April 1993 and was the Head and Executive Director of various divisions of the HKMA until 2004. In July 2004, Mr Lau was seconded to the Hong Kong Mortgage Corporation as Chief Executive Officer until he retired in December 2012. Mr Lau was appointed Under Secretary for Financial Services and the Treasury in January 2014.

Mr Patrick Nip Tak-kuen, JP, Secretary for Constitutional and Mainland Affairs Mr Nip was appointed as the Secretary for Constitutional and Mainland Affairs of the fifthterm Hong Kong Special Administrative Region Government on 1 July, 2017. Mr Nip joined the Administrative Service of the Hong Kong government in August 1986. Since then, he has served in various bureaux and departments. He was appointed as the Director of Social Welfare in August 2009, the Director (Special Duties) of the Chief Secretary for Administration's Private Office in June 2013, the Director of Information Services in February 2014 and the Permanent Secretary for Food and Health (Health) in July 2016.

Professor Sophia Chan Siu-chee, JP, Secretary for Food and Health Professor Sophia Chan was appointed as Under Secretary for Food and Health in November 2012 and participated in and responsible for policy formulation and promotion. Before joining the Government, Professor Chan was a Professor in Nursing, Head of the School of Nursing and Director of Research at the University of Hong Kong (HKU). She was also an Assistant Dean of the Li Ka Shing Faculty of Medicine of HKU. Professor Chan is one of the leading nurse scientists and her research specialises in public health, management of tobacco dependency and prevention of second hand smoke exposure in children, and proposes novel insights. Her team of investigators was one of the top funded researchers, and she published extensively in international journals on nursing, tobacco control, and public health. She consults widely nationally and internationally and has represented the University and the Food and Health Bureau in international meetings and invited by the World Health Organization to provide advice and leadership on their tobacco control initiatives.

Mr Yang graduated in 1977 from the California Institute of Technology in the United States. He pursued further studies at Stanford University and obtained a Master of Science degree in Electrical Engineering in 1978 and a Master of Business Administration degree in 1982. After returning to Hong Kong in 1983, he joined Shell Electric Mfg. (Holdings) Limited as its Executive Director and Deputy Group Managing Director until August 1999. He took up various posts in several technology, venture capital and private equity firms from 1999 to 2003. Mr Yang worked as the Chief Executive Officer of the Hong Kong Cyberport Management Company Limited from October 2003 to February 2010. He was Executive Vice President of the Hong Kong Polytechnic University from March 2010 to February 2015. He was appointed as Non-official Member of the Executive Council and Advisor to the Chief Executive on Innovation and Technology in March 2015.

Mr Kevin Yeung Yun-hung, JP, Secretary for Education Mr Kevin Yeung has worked in the accounting profession for seven years before joining the Government in 1992. During his service in the Government, Mr Yeung has worked in various bureaux and departments, including the Food and Health Bureau, the Home Affairs Bureau, the Kowloon City District Office, and the Hong Kong Economic and Trade Office in Sydney. Mr Yeung became a Politically Appointed Official when he assumed the post of Under Secretary for Education in November 2012 and has taken up the post of Secretary for Education since July 2017.

Mr Lau Kong-wah, JP, Secretary for Home Affairs Mr Lau was born in Hong Kong in 1957 and is a Master of Philosophy in Public and Social Administration. Mr Lau was elected as a District Councillor in Sha Tin in 1985, which marked the beginning of his 30-year career in the public service. He became a Legislative Council member in 1998 and has also been a member of the Executive Council. In 1994, Mr Lau founded the Civil Force and was formerly Deputy Chairman of the Democratic Alliance for the Betterment and Progress of Hong Kong. Mr Lau was appointed as Under Secretary for Constitutional and Mainland Affairs in 2012.

Mr John Lee Ka-chiu, SBS, PDSM, PMSM, JP, Secretary for Security

Mr Frank Chan Fan, JP, Secretary for Transport and Housing

Mr Lee joined the Hong Kong Police Force in 1977 as a probationary inspector and was promoted to the post of Deputy Commissioner in 2010.

Mr Chan is appointed Secretary for Transport and Housing on 1 July 2017. Before assuming this post, Mr Chan was Director of Electrical and Mechanical Services since December 2011 and Electrical and Mechanical Services Trading Fund General Manager.

During his 33 years of service in the Police, Mr Lee had rich experience in criminal investigation, crisis management and security matters. Before he left the Police, he held the office of Deputy Commissioner (Management), responsible for the development and running of management systems of the whole Police Force. He took up the office of Under Secretary for Security on 1 October 2012 and assisted the Secretary for Security in formulation of policies, management of resources, and engagement with the media, the legislature and different sectors of the community in respect of security matters. He became Secretary for Security on 1 July 2017.

As the Secretary for Transport and Housing, Mr Chan is the Chairman of the Hong Kong Housing Authority, Hong Kong Maritime and Port Board, Hong Kong Logistics Development Council and Aviation Development and Three-runway System Advisory Committee. He is also board member of MTR Corporation Limited, Airport Authority Hong Kong and Hong Kong Mortgage Corporation; as well as member of the Council for Sustainable Development and Economic Development Commission.

Spotlight on Advocacy

Why a Free Trade Agreement Matters - The Australian Chamber of Commerce Hong Kong and Macau submits position paper.

he Australian Chamber of Commerce Hong Kong and Macau (AustCham) continues to promote closer business ties with Hong Kong through its submission to The Department of Foreign Affairs and Trade (DFAT) as part of current negotiation regarding a Free Trade Agreement. In Support of the Proposed Australia-Hong Kong FTA ‘We see this as an important initiative to further strengthen trade and current markets between these two markets’ said AustCham Chairman Andrew Macintosh. The submission follows the launch of negotiation at a special event earlier in May featuring Minister Steven Ciobo and former Hong Kong Secretary for Commerce and Economic Development Gregory So. Australia presently has Free Trade Agreements with several countries including, in Asia, the China-Australia Free Trade Agreement, the Malaysia-Australia Free Trade Agreement, the Association of Southeast Asian Nations-Australia-New Zealand Free Trade Area, the Australia-Thailand Free Trade Agreement, the Singapore-Australia Free Trade Agreement and the Australia-New Zealand Closer Economic Agreement. Hong Kong currently has FTAs with Mainland China, New Zealand, European Free Trade Association and Chile. The strength in economic ties Hong Kong is Australia’s 12th largest two-way trading partner (2015-16), including being Australia’s 6th largest destination for merchandise exports (A$8.8 billion) and 7th largest destination for service exports (A$2.3 billion). Hong Kong is also the 6th largest source of foreign investment for Australia (A$85.4 billion in 2015). This outranks direct investment from China into Australia (A$74.5 billion in 2015), noting that many Chinese enterprises prefer to manage their outbound investments through Hong Kong.

Importantly, there is room for growth. Based on Australia’s International Business Survey 2016 (“AIBS 2016”), Hong Kong is expected to be a key new market for the “Information, Communications and Technology” (“ICT”) and “professional, scientific and technical services” sector, in terms of additional revenue expected over the next two years. The AustCham submission points out that FTA between Australia and Hong Kong would further strengthen the already strong economic and trading ties that exist between the two jurisdictions, and in particular, foster the provision of goods and services by Australian businesses. ‘In fact, we consider that the FTA would create considerable opportunities to Australian business in the area of services. Australia has world leading professional services experience in the area of financial services, asset management, education and healthcare, amongst others. A FTA would ensure that there are no barriers or impediments to Australian businesses looking to provide such services in Hong Kong,’ says the submission.

Concluding remarks Australia and Hong Kong have a longstanding and significant trading relationship and there are also strong cultural links, underpinned by the number of Hong Kong people that have migrated to Australia and call Australia home, as well students who chose Australia as a place to study. The FTA would demonstrate Australia’s commitment to the existing economic relationship between Hong Kong and Australia and should facilitate increased trading and investment between the two. ‘We would believe it is important to reach a Double Taxation Agreement to further complement the FTA and facilitate the promotion of trading and investment’ said Mr Macintosh. For the full version of the submission document, please check AustCham website: http://www.austcham.com.hk/latestnews/77

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Specific areas that a FTA would assist Australian business in Hong Kong include: Healthcare: The FTA should ideally provide for Asset Management: The FTA could address the ability of Australian asset managers to market their investment products in Hong Kong through the authorisation of funds. Asset management is regulated by the Securities and Futures Commission in Hong Kong and the FTA would need to facilitate the necessary changes required in order to enable Australian asset managers to promote their funds and investment capabilities.

Australian trained doctors and healthcare professionals to practise in Hong Kong. This would provide a muchneeded pipeline of qualified and suitably trained medical professionals – as well as an exchange of specialist knowledge – in Hong Kong where medical services and the public healthcare system are severely stretched.

Infrastructure: The

Education: There are a number

FTA should facilitate Australian businesses to participate and tender in Government infrastructure projects in Hong Kong.

of Australian tertiary education providers that have opened campuses in Hong Kong or partnered with local providers to cater to students in the local market. The FTA should ideally facilitate the ability of Australian education services providers to open up schools and campuses in accordance with the requirements of the Education Bureau.

ard Membership eC

Legal and Accountancy Services: There already exists mutual recognition of professional qualifications between Australian and Hong Kong universities and professional qualifications. However, the FTA may provide easier market access by Australian law firms to establish practices in Hong Kong under the Law Society rules

Fintech: Hong Kong’s Government has been actively promoting and allocating significant resources to the fintech industry in Hong Kong. A FTA can facilitate the development of fintech as well as further startups and tap Australians' creativity and innovation.

CEPA: As part of the complementarity analysis, an analysis of the potential benefits of CEPA in allowing Australian companies to access China should be undertaken.

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Committee Comment

Securities and Futures Commission CEO Hong Kong Hedge Fund Managers - Jane McBride / Ernest Yim at Deacons

he CEO of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, gave a briefing to hedge fund managers on 3 July 2017 at an event sponsored by the Alternative Investment Management Association (AIMA) as a part of its Hong Kong Education Seminar series. In the briefing, Mr Alder identified the recent SFC initiatives of relevance to the hedge fund industry. Throughout the briefing he emphasised the SFC’s commitment to positioning HK as a leading asset management hub. He touched on various issues of local, regional and global import and we have summarised what he said on these issues in this article (with some added context where relevant). Open-ended Fund Companies Currently, Hong Kong open-ended investment vehicles can only be established in the form of a unit trust in the absence of a HK open-ended corporate vehicle (OFC). However, with the issuance by the SFC of the relevant rules and code on 28 June 2017 for public consultation, HK is close to ready for the creation of HK OFCs. The HK Inland Revenue Department also subsequently confirmed that a profits tax exemption for funds will apply to OFCs even if management control is in HK and Mr Alder expects the first HK OFCs to be registered by the SFC in 2018. He is very hopeful that this initiative will go a long way to promoting Hong Kong’s position as an international asset management centre but there are still concerns about how many fund managers, and especially private fund managers, will make use of the new alternative structure given the various limitations which do not apply to OFCs in other jurisdictions, without further tweaking. Manager-In-Charge The SFC’s Manager-In-Charge (MIC) regime went live on 17 July 2017. Mr Alder described the roll-out as quick and without too many problems and he expressed surprise at the number of industry players who wanted to attend the SFC’s MIC briefings. He distinguished the HK MIC regime from the UK FCA senior manager regime, which also purports to impose more responsibility on individuals, in three key ways: 1. individual members of senior management have always been potentially liable under the SFO for acts of the company in HK, it was just that there had not been many cases;

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2. the need for the SFC to (i) stamp out the unhealthy practice of “Responsible Officers for hire” / (ii) identify clearly who controls the licensed corporation; 3. the role of the Board of Directors (ie corporate governance). MRF / Asian “Fund Passporting” Initiatives The SFC has decided to focus on bilateral as opposed to multilateral arrangements for fund passporting because of the practical problems involved in implementing multi-lateral arrangements. The reason HK’s first MRF relationship was with the PRC was because of the number of potential PRC investors, PRC liquidity levels and the high savings rates in the PRC. Mr Alder said the SFC would insist on reciprocity and that there had been much interest from Europe hence the announcement of the MRF program with Switzerland (and most recently France). He expects another two or three more European countries to follow. SFC Inspections Mr Alder said that the SFC is changing its approach to routine inspections by making more of them thematic. The reason for this is to warn licensees generally so they have the opportunity to fix their own problems before the SFC identifies them. Changes to SFC Fund Manager Code of Conduct The SFC expects to be ready to roll these changes out over the next few months. Mr Alder noted that the changes would apply to private as well as retail funds and said that the main supervisory issues of relevance to hedge fund managers were valuations / pricing (and the need to reduce the reliance by fund managers on administrators in this area); trade allocations / conflicts of interest and better disclosure to investors. OTC Licensing He expects the SFC’s OTC licensing regime to come into effect at the end of Q3. Suitability / Online Distribution Platforms The discussions around suitability and online distribution platforms and changes to FMCC are however also relevant to

Ashley Alder briefs HFs. He noted incidentally in this regard that since only 3% of funds in Hong Kong are independently advised, they are concerned about the loss of fund business that would follow if the SFC copied the FCA RDR initiative and required an advisory fee only. Unbundling of Trade Commissions He noted that the MiFID II Directive on the unbundling of trade commissions was an European regulatory initiative and was not part of HK regulation, commenting that the SFC had no plan to require the unbundling of research from soft dollar commissions and mentioning several times that he thinks Asian markets tend to be “under-researched” and that he didn't want to further discourage research by requiring unbundling. He did however acknowledge that global firms may choose to unbundle generally for operational consistency. Co-operation with CSRC The SFC’s interactions working with the CSRC on investigations continues to grow. The CSRC had been somewhat overwhelmed by the number of SFC requests concerning potential HK market manipulation enquiries but now the SFC is prioritising “high impact” cases. Also, the CSRC is now starting to have its own concerns about mainland investors trying to manipulate stock connect from HK so it is making more requests of the SFC. Hedge Funds Standards Board Mr Alder commented in passing on the UK selfregulating Hedge Funds Standards Board, which prescribes industry standards for hedge fund managers in the areas of disclosure, valuations, risk management, fund governance and shareholder conduct. He seems to like HFSB and noted that although it never gained much traction in the United States, it is growing in Asia. Buy-side Voice Finally, he encouraged the buy-side to voice its opinions more publicly; and to speak directly to the SFC more, at least through industry organisations like AIMA and ASIFMA, or risk being drowned out by the sell-side.

Australia-HK MRF Update - Alwyn Li, Partner, Financial Services at Deacons

he Australia-HK MRF scheme was initially launched almost 10 years ago but it has not resulted in any real flows in either direction to date. At the end of a recent SFC briefing on the France-HK MRF scheme however, the local regulator reminded the Hong Kong fund industry of some new Australian tax developments which are relevant in the context of the Australia-HK MRF. In July, the Minister for Revenue and Financial Services in Australia, Kelly O’Dwyer, discussed several Australian tax incentives designed to encourage the use of Australian fund managers, which would apply to HK domiciled funds investing in Australia. Although Hong Kong based fund managers had expressed interest in registering their funds in Australia at the time of the launch of the Australia-HK MRF, momentum has been slow. In terms of Australian funds coming to Hong Kong and being available for investment by the HK retail public, there has not been much take up in the scheme either unfortunately. One of the practical difficulties an Australian domiciled fund would face in Hong Kong is the fact that Australian funds tend to be managed by a "responsible entity" and the investment management and custodial functions are both undertaken by that same entity. In contrast, local regulations require that the custodian of all SFC authorised funds be separate and independent from the investment manager. Another potential hurdle for Australian funds coming to Hong Kong is that the fund would only be able to raise up to 30% of its AUM from the Hong Kong market. As indicated on the SFC’s website, the relevant application checklist for Australian funds seeking SFC authorisation is being updated.

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Industry Insights

Productivity on the go: Three strategies for business travellers - Caroline Kerr, Operations Director Greater China, FCM Travel Solutions

n the modern business world, it may be inevitable to embark on a couple of trips to build and maintain business relationships, or kickstart business discussions. But such trips have a tendency to disrupt your usual work schedules, especially when long haul flights and time differences take up room in your itinerary.

By following these three key strategies, you can still remain productive on the go.

Strategy 1: Plan everything Travelling on a tight schedule can make you feel frazzled. Printing out essential travel documents is always wise as some cities, like India, mandates the physical copy of all official documents. They also come in handy if you lose connectivity unexpectedly. For digital copies, tools such as our FCM mobile app can help consolidate all your travel details on one platform for a seamless transit.

Strategy 2: Productivity in transit Your trip might involve a lot of downtime and time spent in transit. Instead of letting it go to waste, you can optimise these pockets of time to complete work and minimise the stress of getting back into the swing of things once your business trip is over.

Technology is the best assistant when trying to be productive in transit. Today, with so many businesses relying on collaborative tools and email to get work done, wifi is an essential that service providers put on offer. Some examples include portable wifi devices that can be rented online or at airports worldwide, and affordable onboard wifi offered by airlines such as Emirates Even if Visa on arrival is an option, always make and Qatar. Of course, Internet connectivity in your hotel room is a must, so arrangements for it prior to departure. This saves you donâ&#x20AC;&#x2122;t forget to bring an Ethernet cable in case the wifi signal is weak. precious time at the immigration. Better yet, make use of Fast Track passes to breeze through the check points so you If you have a long transit, check with your travel partner for airport lounge dive straight into business. passes that allow you to work and rest in a comfortable environment, along with access to food and drinks to keep you energised. When Business trips are usually jam-packed with activities, from working on the go, portable chargers will come in handy in ensuring that full-on business meetings to casual lunches or networking in your devices stay juiced up. Additionally, noise-cancelling headphones the evenings. The use of a calendar app to plan for meetings will be particularly useful for flights and long train or bus rides to not only prevents any potential clashes but also gives an drown out external noises and keep you focused. overview of your day to better organise your time. With calendar apps, you can also input location details, ensuring that Finally, setting goals can also help you to optimise your travelling you can find whatever you need, whenever you need. time. Knowing what work can be done with or without wifi will be useful, as you can download what you need in advance. Minor health issues can happen anytime. It would be wise to be Blocking out time to stay connected with your office can prevent prepared to prevent disrupting your schedule. Since emergency you from being overwhelmed when you get back to work. supplies might be difficult to locate overseas, bring along things that Additionally, factoring in the tiredness from travelling when you rely on regularly such as painkillers, personal medication and other you plan your schedule can help you to set realistic goals. essentials. This helps you to stay at the top of your game, all the time.

Strategy 3: Stay balanced Travelling for work can be very exhausting, potentially taking a toll on your mental and physical health. Beyond just optimising productivity, set aside time to take care of yourself and unwind from the stress. This ensures that you stay energised and productive throughout the trip, and when you get back to the office too. The best way to stay balanced on your trip is to satisfy your personal wellness needs and retaining parts of your daily routine. Rely on a strong Americano every morning to get work done? Quickly Google where the best coffee can be found near your hotel. Always try to incorporate some form of physical activity to boost endorphin levels. This can be a quick morning jog or ulitising hotel faciliaties such as the gym or swimming pool. Many business travellers also find fitness trackers and health apps useful in helping to keep their goals on track. For the true fitness buffs, some cities even have communities that offers group classes and bootcamps on a drop-in basis, making it extremely convenient for you to workout and make some friends at the same time.

16 â&#x20AC;˘ austcham news | issue 193

Committees in Action

Construction, Property and Infrastructure Committee: Announcement on new Co-Chair and Vice-Chair

he Committee has recently announced the following changes: Scott Smith of Aurecon, has accepted the role of Co-Chair of the committee. Scott has been an active Vice Chair for a number of years and regularly attends AustCham functions and events. He’s recently finished his MBA so timing works well for him personally, ultimately we are looking to Scott to succeed me as Chair and felt a good transition was the Co-Chair route to provide continuity. Michael Camerlengo of KPMG, steps up as Vice Chair joining Peter Weiley and Paul Scroggie as Vice Chairs.

Again Michael has been very active in the committee over a number of years, brings a fresh perspective and permanence we have enjoyed from KPMG being a key supporter of our events. Paul Scott, Co-Chair of the CPI Committee said, “The committee and I feel the above changes will not only recognise the commitment Scott and Michael have shown to CPI but also go a long way to sustaining CPI’s influence in Hong Kong construction and property sector whilst keeping the committee innovative.”

Women in Business Network: Women’s Technology and Business Program

iming to help close the gender technology gap and empower women to create innovative solutions, AustCham's Women in Business Network launched the Women’s Technology and Business Program to increase knowledge of our members on the threats and opportunities posed by some disruptive technologies. The Program runs from Network sponsors:

Session 6

February to July 2017 with speakers from leading companies. The last two sessions was held in July, including a visit to the IoT Centre. The new series of Women’s Technology and Business Program is planning to run from Sept, stay tune and more information will be released later! Powered by:

Blockchain – What are the opportunities & impa cts of distributed ledger technology? Speaker: Amanda Tung , Marketing Manager, ANX International

Tour to GS1’s Hong Kong Internet of Things Centre of Excellence ("The IoT Centre") About IoT Centre: GS1 Hong Kong has been proactively promoting the innovation and the adoption of Internet of Things (IoT) technologies to help local enterprises capitalise on this technology to sharpen their competitive edges. The IoT centre is one of the key initiatives that GS1 Hong Kong has set up to promote the application of IoT. It serves as an Industry Support Platform that enables the development of IoT businesses and the delivery of Radio Frequency Identification (RFID)/IoT-related services for the surge of continuous development and competitiveness surge in different industries.

Session 7

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New Members Honourary Member Australian Consulate-General Michaela Browning

Platinum Patron ANZ Simon Forshaw CK Infrastructure Holdings Limited Kenneth Wan CLP Holdings Limited Michael Hutchinson Sam Law Commonwealth Bank of Australia Tracey Chan Deron Fung Alan Liu Matthew Lo Natalie Watts Camilla Wong KPMG Mark Bowra Irene Ngar Yee Chu Kenneth Chu Bronwyn Claire Christopher Ingle Henry Kwok Alice Lai Macquarie Group Rowan te Kloot Patrick Gallagher Edwin Hung National Australia Bank Leslie Raymond Tamsin White Telstra Shamim Idrisi Carver Lee Mala Narula

Corporate Patron Australian Consulate-General, Hong Kong Gavin Ku Suzanne Passmore Cathay Pacific Airways Mark Hoey Julian Lyden Joyce Ma EY Kirsty McFarlane MinterEllison Bi Chen TMF Group Tom Havrison

Corporate Member Allied Pickfords Ltd Mandy Huang ANL Singapore Pte Ltd Myles Landon

OzForex (HK) Limited Ringtone Chai Matthew Long R-Co Brand Design Limited Richard Henderson Jenny Lee Serco Group (HK) Limited John Hesketh The Hong Kong Polytechnic University Lavinia Sin Kitty Yam

Young Executive AIA Group Andrew Loftus Altios International Amandine Pekel

Yew Chung International School Secondary Hong Kong Helena Croser

Benoy Limited Amelia McColl

Sunshine Coast Council Gabrielle Troon

Individual Member

Chartered Accountants Australia and New Zealand Elizabeth Chan

AIA International Limited Ching Tao Derek Lau

Herbert Smith Freehills Jeremy Haywood

Matty Yu Chung Kwong

Arthur D. Little Asia Pacific Limited Andrew Smith

{embrace} worldwide Karen See

Grand Hyatt Hong Kong Richard Greaves Timothy Hunt

ZHRecruit Nick Wilshire

The Murray, Hong Kong, a Niccolo Hotel Maxine Howe

Artlink Design Associates Limited Chester Choy

Eversheds Macy Chu

Sino Land Company Limited Alexander Win Yew Ng

CAPITOL Productions Pty Ltd Donna Hampton English Business Writing International Leslie Salisbury Hong Kong Rugby Union Alexandra Staff

Blue Stone Management Tina Hui China Communication and Construction Company Sabrina Jingwen Du CK Hutchison Timothy Archer Dragon Law Alexander Tanglao Ironshore Insurance Geoffrey Lee Li & Fung Wendy Choi Mitchel Squires & Associates Limited Mitchel Squries Payne Clermont Damen Holmes

Invest Hong Kong Stephen Phillips

Hong Kong Sanatorium & Hospital Marcus Marcet

LOD Haaron Bokhari

PineBridge Investments Jennifer Theunissen

Turner & Townsend Scott Mavridis

Moore Stephens CPA Limited Helen Hoi Lin Tang

PizzaExpress Liam Collette

Yvolution HK Ltd Michael Filius

Projexasia Angus Perry

Michael Baker

18 â&#x20AC;˘ austcham news | issue 193

On The Scene AustCham Small Business Network, in collaboration with American Chamber, Dutch Chamber and Italian Chamber together hosted the InterCham Small Business Network Summer Drinks on 2 August at Jamie’s Italian in Causeway Bay. A big thank you to AustCham Small Business Network Sponsor:

ok Review Bo

Travel

How to Pack by Hitha Palepu When you travel, the journey is just as important as the destination–and packing is the first step. In "How to Pack", Hitha Palepu, a former consultant who has traveled more than 500,000 cumulative miles around the world, shows that what and how you pack are who you are. Learn the nuts and bolts of packing as well as a pro’s secrets such as Power Pieces vs. Fantasy Pieces–How clothing earns its place in your suitcase; the Packing Timeline–how to avoid “I’m forgetting something” syndrome, and Pack Perfect Lists–samples and blanks for any kind of trip.

Adventure Zen and the Art of Motorcycle Maintenance by Robert M. Pirsig This summer is perhaps the best time to read--at last--for the first time this “most widely read philosophical work ever written”, as the author Robert M. Pirsig passed away at his home in South Berwick, Maine this April. The book follows Pirsig and his son, Chris, on an unforgettable motorcycle trip across America’s Northwest. A story of love and fear—of growth--, discovery and acceptance—that becomes a profound personal and philosophical odyssey into life’s fundamental questions, surveying Plato, sophists, the pre-Socratics, and eastern philosophy, as well as the nature of condensers, mechanical points, and shims fabricated along the way, this classic work of memoir will certainly entertain, provoke and even change your views of yourself and the world.

Travel/Adventure Wanderlust: A History of Walking by Rebecca Solnit From the author of Men Explain Things to Me comes this incredibly rich histories of walking drawn together to explore a range of possibilities for this most basic act. What does it mean to be out walking in the world, whether in a landscape or a metropolis, on a pilgrimage or a protest march? Solnit profiles the most significant walkers in history and fiction—from the poet Wordsworth to the philosopher Rousseau, from Jane Austen's Elizabeth Bennet to Andre Breton's Nadja, in her signature lyrical and thoughtful prose, Wanderlust offers a provocative and profound examination of the interplay between the body, the imagination, and the world around the walker—a perfect companion for the traveler.

Available from Bookazine, www.bookazine.com.hk

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