Britain in Hong Kong November-December 2023

BRITAIN IN HONG KONG BRITISH CHAMBER MAGAZINE

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MESSAGE FROM CHAMBER CHAIR 07 2023 ANNUAL DOORKNOCK IN LONDON 09 HOW CLEAN INNOVATION CAN BOOST CLIMATE ACTION

By Andrew Lau, Director, ESG Advisory, Colliers

13 CLEAN INNOVATION & NEW FRONTIERS IN ESG & SUSTAINABILITY

BY GERSON LEHRMAN GROUP

18 HARROW'S BOARDING PROVISION WEATHERS THE STORMS

By Tom Hicks, Principal Deputy Head (Pastoral & Wellbeing), Harrow International School Hong Kong

21 BUILDING A SMARTER FUTURE FOR HONG KONG - BRICKS, CLICKS AND MORTAR Interview with Henderson Land Development Company Limited

26 LUXURIOUS ECO ESCAPES: LIGHTFOOT TRAVEL’S TOP 6 RECOMMENDATIONS

By Nikki Pang, Lightfoot Travel

30 TACKLING TOUGH MONEY CONVERSATIONS WITH YOUR CHILDREN

By Matthew Curtis, Chartered Financial Planner, The Fry Group

CHAIR'S MESSAGE Dear Members, This edition of the magazine focuses on clean innovation and the potential technology that can accelerate efforts to combat the effects of climate change. It follows on from a very successful ReThink Hong Kong conference which BritCham was honoured to support. At the ReThink event, we participated in panel discussions and were also pleased to meet exhibitors bringing new technology and solutions to Hong Kong. The future is very much today in terms of action, which is urgently needed, and many speakers gave good examples of how to address and fund the solutions. It is of note that the event continued without a hitch in the midst of tremendous rainstorms, which reminded us of the climate imperatives.

Through the hot and humid summer, we have continued to connect across the membership and enjoy many events and activities, not least the Annual General Meeting (AGM) which was held in midSeptember 2023. At this meeting, I was very pleased to be confirmed into my second year of the two-year term, together with two extremely capable and supportive Vice Chairs, Jeremy Sheldon and Paul McSheaffrey. We are delighted to welcome Keith Pogson as our new Treasurer, along with a very strong General Committee, and together with Committee Chairs and the Executive team, we look forward to having a sensational year ahead. The five pillars or focus areas for the Chamber I set out this time last year remain in place, and our focus of activities will centre on: Hong Kong Rebound, Hong Kong’s reinvention as an international finance centre, Hong Kong in the context of the Greater Bay Area and in relation to ASEAN, as well as the Creative Industries.

Hong Kong’s rebound takes many different forms, one of which is the return of many wonderful in_______

person, restriction free celebrations, and as part of the celebrations for the Mid-Autumn festival, our Executive Director, Paul McComb, represented the Chamber at the China Council for the Promotion of International Trade (CPPIT) Networking Dinner. We are happy to be reunited with other Chambers and government organisations in Hong Kong. Paul also enjoyed National Day celebrations for the 74th Anniversary of the Founding of the PRC by attending the Flag Raising Ceremony cum National Day Reception held on 1 October 2023. Personally, I was disappointed to miss the celebrations in real time, but saw some fantastic footage of fireworks shared on social media. Absolutely not to be missed next time!

One of BritCham’s contributions to Rebound Hong Kong includes, but is absolutely not limited to, the hosting of our annual Summit. This is where we gather industry experts together to share insights in various formats, including significant opportunities for networking. Following on from the Chief Executives Policy Address, the Summit took place on 26 October 2023, where we “Explored the business opportunities and challenges in rethinking, reinventing and redefining Hong Kong in the region”. _____________

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Topics focused on the aforementioned pillars and how all these integrate to creating and nurturing a desirable and highly livable city. We were pleased to read a good review in the South China Morning Post immediately after the Summit. [Link] The Chamber welcomed the Lord Mayor of the City of London, Nicolas Lyons, as well as City Marshal Philip Jordan QPM for a breakfast roundtable with senior representatives of the Chamber and British Consulate General in Hong Kong. The roundtable discussion emphasised shared interests between Hong Kong and the City of London, Hong Kong’s current talent market landscape, and business opportunities in the GBA for British companies.

As part of our continued exploration of the Greater Bay Area (GBA) opportunities, Paul joined 1,000 delegates for the first “Business Conference on Guangdong-Hong Kong-Macao Greater Bay Area Development” held in Macao. The conference brought a strong focus on the ‘construction’ of the GBA, providing a platform for the international business community to share investment opportunities in the GBA and engage in its development. The conference also allowed the Chamber as well as other trade and business associations in Hong Kong to come together and expand their networks in Macau and Guangdong.

Another GBA trip will be held from 20-23 November, this trip is long awaited by the Chamber as a lot has developed in the GBA however we have not yet seen and felt them. Part of this trip, we also support The China-Britain Business Council (CBBC), a renowned organisation that helps promote trade and investment between the UK and China, to run a GBA conference. We believe that with the borders opened again, people now being able to travel, the message to encourage trade and investment between Hong Kong, China and the UK will be better delivered or facilitated.

One of the highlights of the visit to the UK in September has to have been the Creative Industries Networking event at Fortnum and Mason’s newly revamped 3rd floor of their emporium in Piccadilly. _____

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The event was held in the 3/6’ bar, which was not only a beautiful venue but also had a historic connection in terms of the name and showcased excellent examples of sustainable end-of-life ecological design in the form of the bar and side tables, which were 3D printed using sugar! The purpose of the event was to create a networking event that showcased both Hong Kong and the UK’s creative industries and also to make connections and hatch plans for future events. Watch this space as there are many plans evolving for exploring this important component of the economy. When one considers the tangible benefits to both Hong Kong and the UK’s gross domestic product generated by creative industries, it is evident this pillar needs to come up on the agenda in terms of events, activities and exploration of opportunities. Watch this space as these unfold over the year.

Finally, a note on the successful visit Paul McComb and I made to the UK in September. The purpose was to reconnect business communities after a long hiatus of in-person activities, and to support the Hong Kong Trade Development Council (HKTDC) at their dinner in London which was attended by around 500 senior business leaders and trade representatives, and to provide a briefing of business activities to the Hong Kong Association based in London. In addition, we took the opportunity to connect with business connections, professional bodies and institutions to showcase the opportunities Hong Kong has to offer, including but not limited to the developments in the Northern Metropolis. My thought had been to anchor an event with a real life example, and what better than to showcase the multitude of opportunities that exist around the delivery of a programme of developments in the Northern Metropolis. An event was curated with speakers and messages from the Hong Kong Economic Trade Office (HKETO) in London, the Institution of Civil Engineers (ICE), Hong Kong Institution of Engineers (HKIE), Hong Kong Trade Development Council (HKTDC) and panelists from a range of backgrounds, all with deep knowledge of the programme, and the extent and ambition of the programme. This resulted in a lively _____

discussion both during the panel session as well as during the networking session afterwards.A follow-on “phase 2” event has been undertaken at the end of October by the president of HKIE to keep the dialogue going and to encourage a broad spectrum of interested parties to “come and have a look for themselves”.

Last but not least, it’s beginning to feel a bit like Christmas with decorations going on sale in various shops, and thus I will take this opportunity to ask you to mark your diary and get your ticket for the Christmas Countdown drinks on the 5 December 2023. What better way to start the “season”? ____

Ir Dr Anne Kerr Chair The British Chamber of Commerce in Hong Kong

The Chamber held a Summit in October 2023 which was one of the largest and most important events for the international business community in Hong Kong. With a key focus of exploring the business opportunities and challenges in rethinking, reinventing and redefining Hong Kong in the region, we brought together senior leaders from all sectors to share their opinions and offer valuable insights on the overall business environment as well as the opportunities and challenges ahead.

The Summit agenda covered business relevant topics such as the necessary developments to rebuild Hong Kong's international reputation, develop a vibrant creative economy, and support better livelihoods, exploring the many facets of Hong Kong's brand identity and its future direction.

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BRITCHAM'S STERLING MEMBERS

WELCOME OUR NEW MEMBERS

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2023 ANNUAL DOORKNOCK IN LONDON

In September, the Chamber held a successful doorknock week in London. Our Chair Anne Kerr and Executive Director Paul McComb were delighted to meet with the UK officials and Ministers, showcase the opportunities in Northern Metropolis, reconnect with the creative and innovative professionals, and take part in events organised by HKTDC London and the Hong Kong Association during their Hong Kong Week.

BritCham Northern Metropolis Event "Everyone is talking about The Line in Saudi Arabia or Dubai Vertical City, we need to get them talking about Hong Kong's Northern Metropolis!" That was the clear message from our Chair Anne Kerr at an exclusive event organised by the Chamber in collaboration with HKTDC London, Institution of Civil Engineers, Hong Kong Association, and The Hong Kong Institution of Engineers. Our panellists brought a much needed perspective on the exciting opportunities that the Northern Metropolis offers, including the creation of 600,000 jobs from rail infrastructure that rivals London’s Crossrail in sheer scale.

Hong Kong Association Closed-door Briefing Our Chair Anne Kerr and Executive Director Paul McComb joined Brian Davidson CMG, HM Consul General Hong Kong, FCDO and Chris Woodward, Director General, Trade & Investment, Department for Business & Trade HK, met with the HKA members and shared insights on Hong Kong’s current activities, business confidence, relations with China and progress in integrating with the Greater Bay Area.

HKTDC London Hong Kong Dinner in London It was an absolute privilege for our Chair Anne Kerr and Executive Director Paul McComb to join this spectacular dinner, with Dr Peter K N Lam, Chairman of Hong Kong Trade Development Council, and Financial Secretary Paul Chan delivering a strong message that celebrated Hong Kong-UK relations and reaffirmed Hong Kong’s position as a gateway between UK, China, and greater Asia.

Hong Kong Association Lunch Our Chair Anne Kerr and Executive Director Paul McComb had the privilege of joining the Hong Kong Association Lunch, where the Financial Secretary, Paul Chan, addressed over 120 leaders from the UK’s political and business communities on the current situation in Hong Kong and the future that lies ahead.

BritCham Creative Industries Networking Reception The Creative Industries networking reception sponsored by Fortnum & Mason, took place at the exquisite 3’6 Bar, creative talents from Hong Kong and London came together in style to reconnect, get inspired, and explore potential opportunities that showcase the best of both worlds. We heard some great commentary from Tom Athron, Christopher Owen, and Guy Salter on how Hong Kong and the UK can work together to create more opportunities to thrive and succeed as global creative hubs.

Meetings with the UK officials and Ministers Dan Chugg Director, NE Asia and China, Foreign, Commonwealth and Development Office Lord Dominic Johnson Minister for Investment, Department for Business and Trade Lord Malcolm Offord Minister for Exports, Department for Business and Trade Rob Ward Deputy Director, International Financial Services, HM Treasury

HOW CLEAN INNOVATION CAN BOOST CLIMATE ACTION

By Andrew Lau, Director, ESG Advisory, Colliers

What is clean innovation?

Clean innovation is the development and implementation of new technology to help tackle climate change, protect ecosystems and plan for a more sustainable future. It includes advancement in renewable energy, energy efficiency, waste management, water conservation and sustainable transportation. Extreme weather, flooding and wildfire events have motivated technology companies to focus on decarbonisation and climate resilience solutions. The success of clean innovation not only helps to combat climate change, but it also draws a significant demand from investors, with many investing in clean innovation as a strategy to generate positive impact to the environment and economy.

What problems can clean innovation help solve?

The applications of clean innovation are endless and can be implemented across the value chain particular for building operations. Some use cases from recent projects applied in commercial buildings and hotels are referenced below which demonstrate how clean innovation can support nature positive operations and behaviour.

The first example is innovation in cleaning detergent products which is heavily used in buildings particularly for hotels. In usual practice, single-use plastic bottles filled with chemical detergent such as liquid soap are delivered from manufacturing facilities to logistics centres, then further distributed to wholesalers and eventually to the customers’ hands. This process generates significant carbon emissions through the __________ 09

transportation by logistics vehicles and energy use required for storage. Besides it occupies a large amount of storage space inside a building which is unnecessary and inefficient. After the detergent is used, the bottles will be either sent to recycling facilities or directly to the landfill. Switching the detergent to a plantbased, powder-form that simply requires the addition of water can reduce over 90% of the carbon emissions generated and energy used from raw material preparation, transportation, and diversion of single-use bottles to landfill or recycling facilities. Furthermore, the storage space requirement is also reduced significantly, creating a positive financial and wider impact to a city with limited space like Hong Kong.

Smart kitchen ventilation system is another good example of clean innovation. Hotels and shopping malls usually have a number of restaurants to attract visitors. The kitchens of the restaurants are usually equipped with water wash fume hoods. There is a problem faced by the food and beverage industry (both Chinese and Western cuisines) from water wash fume hood. Not only do these hoods consume large amounts of energy and water, but the hoods’ surface is usually oily and gives cooking odour emissions to the surroundings. With the Hong Kong Government tightening the Air Pollution Control Guidance for the standards of PM2.5 (PM: Particulate Matter) and with the general public’s increased demand for a healthier environment post-pandemic, there is an urgent need to tackle this issue.

Smart kitchen ventilation systems resolve the odour issues by applying short wavelength ultraviolet-C (UVC) light to break apart the bonds in the oil in cooking fumes. This technology can improve the air quality and completely remove the need for water consumption. With a good amount of IoT sensors equipped, a smart kitchen ventilation system is capable of slowing the fan when demand is low and with the data collected the system itself can continue to learn and improve the operational efficiency. Applying these systems brings substantial cost savings for the business, including electricity, water and sewage tariff costs. An added benefit is a reduction in maintenance costs. Traditional ventilation systems use filtration and chemical-based treatments, requiring regular maintenance, but by making use of UV light - a natural and chemical-free way to break down pollutants, less frequent maintenance is needed. Compared with traditional kitchen ventilation, this smart kitchen ventilation system can save over 50% of power and 100% of water consumption.

The third example of clean innovation is the use of biodiesel. Biodiesel is derived from waste cooking oil, animal fat or vegetable oil, and emits a smaller amount of polluting gases when burnt, making it more environmentally friendly than traditional fossil fuels. There are several types of biodiesel blends, including B5, B20 and B100. ‘B’ refers to biodiesel, while the number (5, 20, 100) means the percentage of biodiesel mixed with traditional diesel. Biodiesel can be seamlessly integrated into existing backup power systems for building operations. For the lower percentage of biodiesel mixing with the diesel generators (for example 5-20%), no or little modification is required to the existing machines. On the other hand, B100 (100% biodiesel) requires the installation of new systems which, while being more costly, yield the greatest environmental benefits.

In addition to generating electricity from the energy produced during combustion, thermal energy (heat) is generated as a by-product. By integrating a heat recovery system into the biodiesel generators, the heat can be captured and transferred to other systems, for example hot water boilers, swimming pool heating systems and other heating system within the building. This can further reduce the carbon emissions and generate more financial value with the by-products.

From an operational perspective, it is feasible to collect the waste cooking oil from restaurants, with the waste cooking oil serving as a base to produce biodiesel and in line with the above-mentioned process. This is a good example of the circular economy being strived for by reducing demand from natural resources, burden for waste treatment and achieving a carbon reduction in the same process.

More than climate action There are challenges to clean innovation including the safety of ingredients used in the chemical detergent, efficiency of smart kitchen ventilation systems, and the infrastructure and weather effects on the biodiesel available for use. Practical experience and in-depth technical knowledge can help foresee obstacles during implementation and accelerate the success of clean innovation development and application. Challenges faced should not hinder progress in adopting clean innovations, which could play a vital role in the __________

decarbonisation pathway and climate action. Clean innovation accelerates the journey for climate resilience and with the right application it can create positive value for businesses and investors.

With a robust Environment, Social and Governance (ESG) strategy, it becomes easier to adopt clean innovation to drive positive results for the climate, environment, society and economy. Governments and financial regulators demand a more transparent disclosure. The Hong Kong Stock Exchange (HKEX) has requested all listed companies to disclose their ESG report according to the Taskforce for Climate-related Financial Disclosures (TCFD) by 2025. Some components in TCFD include materiality assessment and scenario analysis, in which most material climate risks will be identified and reviewed on a regular basis. This can serve as a clear guidance for clean innovation application and maximise the benefits for companies. It is recommended to start small, observe the benefit, gain confidence and scale-up accordingly. The future is in hands of the stakeholders to control global warming within acceptable range to achieve climate and nature resilience.

About Colliers Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. Learn more at https://colliers.com.hk/.

Andrew Lau Director, ESG Advisory Colliers andrew.lau@colliers.com

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CLEAN INNOVATION & NEW FRONTIERS IN ESG & SUSTAINABILITY

BY GERSON LEHRMAN GROUP

Through strategic collaborations with influential decision-makers from key industry players over the past 25 years, GLG (Gerson Lehrman Group) has established itself as a pioneering force in facilitating dynamic discussions on cutting-edge topics. Our mission is to empower clients in their journey of making informed and educated decisions that accelerate their organisations' success, through engaging subject-matter experts across diverse industries, accessing exclusive insights, and driving impactful conversations alongside their navigation through the complex business scene.

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With our longstanding involvement in environmental, social, and governance (ESG) matters, we have witnessed a remarkable surge in capital and interest towards clean innovation. Said topical issues have expanded beyond boundaries, capturing the interest of businesses across various sectors. Our network of experts has contributed extensive insight and analysis, covering key themes and emerging trends that are shaping the landscape of energy transition and sustainable business practices. _________

Insight 1 | Energy Transition – Lagging or Leapfrogging?

Insight 2 | Energy Storage – Fuel to the Adoption of Renewable Energy

Global political uncertainties and the urgent need to address the climate emergency have brought renewable energy to a critical juncture. Renewable energy generation has witnessed, at best, a modest increase over the past year, with its growth further hindered by extreme weather challenges that have impacted hydropower and wind generation. While progress has been made in transitioning away from fossil fuels, the current pace falls short of meeting the ambitious net-zero target. Moreover, the adoption of renewable energy in key sectors such as transportation and logistics, manufacturing, and heating significantly lags behind. A collective and accelerated effort from both the public and private sectors is imperative to balancing energy independence and the net-zero goal.

Energy storage plays a crucial role in securing a constant supply of renewable energy, even in the absence of sunlight or wind. It provides the flexibility needed to enhance grid reliability, power quality, and accommodate the scalability of renewable energy sources. In the transition towards clean energy, gridscale storage, including batteries and pumped-storage hydropower, will be vital in managing the impact on power grids and ensuring stability and reliability. While batteries have seen significant growth, emerging technologies such as hydrogen storage also hold immense potential for seasonal storage. However, challenges persist in grid infrastructure vulnerability and inadequacy, especially in developing countries.

Concerted efforts and resources are much needed to accelerate the development and deployment of energy storage systems, fueling the mass-scale deployment of renewable energy networks.

Trending GLG Topics Energy Security Amid Geopolitical Tension: How diversifed and autonomous is the European energy supply?

Dr. Adnan Vatansever Senior Lecturer at the King's College Russia Institute Expert on Eurasian Energy Issues

Renewables Market in SEA: Competitive landscape, key players, and market drivers; domestic energy production and consumption dynamics Georgina Hayden Former Head of Power and Renewables Research at Fitch Solutions, Inc.

Trending GLG Topics Infrastructure Capacity: Are Grids Prepared for the Recovering Demand?

Robert Hull Former Managing Director at the Office of Gas and Electricity Markets of the United Kingdom

Solar Inverter and Polysilicon Outlook: Competitive landscape, supply-demand dynamics, growth momentum Alexander Zachariou Photovoltaic Industry and Market Consultant

Renewables Components Supply Chain: Inventory status and need for rebalancing on backlogs and excess supply Mark Stedwell Managing Director at NEM Connect 14

Insight 3 | Transparency and Accountability in Transition – Rising Significance of ESG Disclosure The rise in importance of ESG disclosure stems from increased scrutiny of social responsibility and corporate governance. Companies must adopt comprehensive sustainable practices and ethical decision-making. ESG reporting enables transparent communication of progress to stakeholders, aiding informed decision-making. Climate change concerns and emissions policies drive scrutiny of business sustainability, while the shift to stakeholder value creation emphasises the need for ethical responsibilities. Organisations are disclosing ESG performance to meet stakeholder demands, with nonfinancial metrics appearing in annual or sustainability reports. ESG disclosure has become crucial as balance sheets no longer solely determine a company's worth.

Insight 4 | Sustainability Taking Centre Stage in Policymaking and Regulation To spur clean innovation and achieve ESG objectives, governments worldwide are exploring new policy and regulatory frameworks. These frameworks provide incentives for clean technology development while ensuring accountability and transparency. Measures like green tax credits, zero-emission vehicle mandates, and carbon pricing schemes incentivise companies to invest in clean innovation. Regulatory frameworks promoting competition and innovation in energy storage and smart grids further drive clean energy development. As sustainability becomes a priority, policymakers and regulators must strike a balance between encouraging clean innovation and maintaining accountability. Our network of experts continues to provide extensive insight and analysis, helping clients navigate these dynamics and stay ahead in the latest clean and renewable innovations, contributing to a more sustainable future.

Trending GLG Topics Trending GLG Topics Overview of Global Disclosure Frameworks: Data collection, reporting, and rating methodologies of GRI, CDP, SASB, TCFD, and CDSB Dr. Christopher Wedding Executive in Residence and Associate Professor at Duke University

Navigating the Greenwashing Pitfalls: Understanding the dark side of ESG ____ Markus Barth Former Managing Director, Global Head of Investment Products & Indices at DWS Group Services UK

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Mandate Integration: Best practices in implementing ESG-related policies in Real Estate and Infrastructure in APAC Yvonne Huang Director of Sustainable Real Estate at Asia Research & Engagement

EU Carbon Border Adjustment Mechanism: Implication on carbon pricing, sectorial impact across cement, electricity, steel, and aluminum production Christopher Boyd Former Environmental Policy Development at The European Commission

In the rapidly evolving ESG scene, staying informed and adaptable is pivotal to a business’s long-term success. As ESG expands to encompass a broader and more complex spectrum, we are constantly reminded of its transformative potential for a sustainable future. Moving forward, vigilance, knowledge, and engagement shall help us navigate the complexities of ESG, contribute to its growth, and build a more sustainable and inclusive future. Our network of experts will continue to contribute extensive insight via an array of GLG products, empowering clients to navigate the ever-changing ESG scene and stay ahead in the latest clean and renewable innovations.

About GLG GLG is the World’s Insight Network, bringing decisionmakers the insight it takes to get ahead. When leaders need to make informed decisions, GLG provides meaningful connections through our network of 1 million experts, the world’s largest and most varied source of first-hand expertise, with hundreds more recruited daily to tackle tomorrow’s questions.

GLG provides an unparalleled Trusted Environment, with an industry-leading compliance framework built on integrity and trust that fuels our clients’ confidence to move forward.

With GLG you can act with the confidence that comes from true clarity. Get ahead with the expertise you need to make smarter decisions Contact us | www.glginsights.com

Relevant GLG Insights on Clean Innovation & ESG

Insight Articles: How Clean and Climate Tech Became a Good Investment Why Hydrogen Can’t Solve Everything Understanding the Hydrogen Value Chain How Corporate Boards Should Oversee ESG Moving the ESG Needle within Multinationals Ocean Sustainability and Biodiversity Recent Trends in ESG Investing

Charlie Nixon Senior Vice President GERSON LEHRMAN GROUP cnixon@glgroup.com

Social Impact: A Franchise Business Model for Clean Water

eBook: A Reckoning for Renewable Energy: Trends and Industry Insights The Road Ahead for Electric Vehicle 16

The BritCham Christmas Countdown is the Chamber’s annual flagship social networking event for 2023. It is the perfect event to network with fellow Chamber members and non-members alike and to kick-start the festive cheer.

To ensure you get into the Christmas spirit you will enjoy delicious food and drinks with an iconic Hong Kong view as the backdrop. With over 100 attendees expected from the international business community, this is an unmissable event and a chance to relax and entertain colleagues and clients at the end of a busy year.

In the spirit of giving, the Chamber will collect HK$50 from each ticket sale on behalf of HandsOn Hong Kong. Guests will also have the chance to win an early Christmas gift from our amazing selection of raffle prizes.

Date: Tuesday 5 December Time: 6:30 pm - 9:30 pm Venue: Centricity, 2/F, LANDMARK Chater House, 8 Connaught Road Central, Central

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HARROW'S BOARDING PROVISION WEATHERS THE STORMS

BY TOM HICKS, PRINCIPAL DEPUTY HEAD (PASTORAL & WELLBEING), HARROW INTERNATIONAL SCHOOL HONG KONG

Just when we thought school closures were a thing of the past after Covid-19, Hong Kong schools were struck by a succession of severe weather events earlier this term. But while most schools were forced to close or offer a reduced programme, Harrow International School was able to offer unbroken online learning and a lively boarding programme.

Harrow International School Hong Kong is widely recognised for its exceptional boarding programme, which offers a nurturing and secure environment for pupils. On typhoon and black rain days, the school has proven to be a safe haven, providing parents with peace of mind and ensuring the wellbeing of their children. With a 5day-a-week schedule, Harrow's boarding programme strikes a delicate balance between academic and personal growth during weekdays, while also allowing for uninterrupted family time on weekends.

The safety and wellbeing of pupils are of paramount importance in Harrow's boarding programme. Parents wholeheartedly trust the School's unwavering commitment to the security, wellbeing and development of their children. As one parent testified, "Harrow's boarding programme goes above and beyond to prioritise the safety and wellbeing of our children. During typhoon days, I have complete peace of mind knowing that my child is in a secure environment."

Comfort and care are fundamental aspects of the boarding experience at Harrow. The boarding facilities are thoughtfully designed to provide a comfortable and welcoming atmosphere. The common rooms, in particular, offer a cosy and secure space where pupils feel at home even when the weather may be stormy and uncertain. As a boarding pupil shared, "The houses are comfortable, and the staff make sure we feel safe and supported. Even during school closures due to severe weather warnings, the atmosphere remains calm and reassuring."

Close behind the importance of safety comes continuity of learning. During school closures, the school seamlessly transitions to online learning, ensuring that pupils have access to all necessary resources and support to continue their studies. Teachers deliver a similar timetable of classes to normal, with an extra five minutes between classes to ensure time away from screens. Classes mix direct online instruction with independent work, and teachers are always on hand to guide, taking the pressure off families at home. _______

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Boarding pupils are supervised during online lessons and can enjoy in-person sport and fun activities as well as eating meals together. Some senior boarders explained: "We choose to be in school during typhoon days as we get to spend time with our friends and can collaborate on our learning while others are stuck at home alone." Another senior boy quipped: ‘I still get to play ping-pong while I’m boarding!’

Harrow International School Hong Kong takes great pride in its state-of-the-art sports facilities, which play a pivotal role in the boarding programme. Even during days when outdoor activities may be restricted, the school ensures that pupils have access to a range of engaging indoor activities. These activities promote physical fitness, teamwork, and provide an avenue for pupils to channel their energy and maintain a healthy lifestyle.

Emotional support and wellbeing are the bedrock of Harrow's boarding programme. The boarding staff are deeply invested in the pupils' welfare, providing a nurturing and supportive environment. They serve as trusted mentors, offering a listening ear, guidance, and a sense of comfort during challenging times. Prep boarders (aged 10-13) enjoy the home-from-home atmosphere: "The boarding staff at Harrow truly care about our wellbeing. They are always there to listen, offer guidance, and provide a sense of comfort. We also love the house pets and Rosie, our wellbeing dog, who comes into house for strokes and cuddles!"

For working parents, Harrow's boarding programme offers invaluable peace of mind. They can focus on their own work, knowing that their child is safe, well-cared for, and receiving an excellent education. The boarding programme has been a lifeline for many families, providing a secure and nurturing environment during closures. As one grateful parent expressed, "Harrow's boarding programme has been a lifesaver for our family.

During typhoon days, we can focus on our work, knowing that our child is safe, well-cared for, and receiving an excellent education. It has brought us tremendous peace of mind."

Under normal circumstances, boarders go home on Friday afternoon and return on Sunday evening. Another working parent explained how the weekly boarding model ‘allowed their family to trust the school to do the schooling and for us to concentrate on being parents at the weekend. It’s a great partnership.’

Tom Hicks – Principal Deputy Head (Pastoral and Wellbeing) - explained the appeal of boarding: ‘For some Hong Kong families, boarding at Harrow represents a bridge towards sending their children to universities overseas in the future. The independence and social skills developed by boarding pupils sets them in good stead for the transition to life beyond Harrow and away from home. Hicks feels the Harrow offering speaks for ____

itself. ‘When you can offer over 250 co-curricular activities, world-class pastoral and boarding care and be in the top 25 schools worldwide for public exam results, there are many reasons for us to be proud. Above all, our pupils are happy and thriving and that gives us most satisfaction’.

The conclusion? Harrow International School Hong Kong's boarding programme excels in providing a safe and nurturing environment for pupils. The school has a clear commitment to continuity of education, emotional support, state-of-the-art facilities, sense of community, and promotion of a healthy work-life balance. Harrow International School is truly an exceptional choice for families seeking a holistic and supportive boarding experience for their children. By prioritising the well-being and educational needs of pupils, Harrow ensures that each child thrives in a secure and nurturing environment, even when the weather doesn’t play along.

About Harrow International School Hong Kong Harrow International School Hong Kong is the first British international boarding and day school in Hong Kong. Having opened in 2012 there are currently over 1,500 pupils aged 3-18yrs.

Tom Hicks Principal Deputy Head (Pastoral & Wellbeing) Harrow International School Hong Kong

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Photo Credit: The Henderson, Hong Kong by Zaha Hadid Architects for Henderson Land, Render by Arqui9

By Prof. Lapman Lee, Professor of Practice (ESG, FinTech, Governance), Convenor of the Hong Kong Polytechnic University’s Sustainable Finance Centre of Excellence, and APAC ICT Climate and ESG value proposition leader at Willis Towers Watson Today’s interview is with Kevin Ng and Johnny Yu, who is the Head of Sustainability of Henderson Land, whom I had the pleasure to share the stage with at the

To some peers, sustainability may be driven more by their focus on property investment and management, in addition to property development.

Willis Towers Watson Hong Kong Strategic Risk Conference on 11 October 2023 alongside industry veterans Donald Choi, CEO of Chinachem Group; Gill Meller, Legal & Governance Director of MTR; and Simon Tang, Chief Project Development Officer of the Hong Kong – Shenzhen Innovation and Technology Park.

In the world of architecture, the passive design methodology considers the local climate conditions (cooling, daylight, temperature, and humidity etc.), building site conditions, and construction materials to create a building that is comfortable to tenants, while cost-efficient through energy efficiency.

1. Every well-established property developer has a sustainability strategy.

How does Henderson Land differentiate itself from its peers and where does sustainability start?

Kevin: While it may sound a tad cliché, sustainability and innovation at Henderson Land starts with the tenant and end-user in mind, which is contributed to our

focus

on

property

development

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predominantly “user-centric” development strategy.

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And nowhere is our sustainability approach more evident than in the actual design of our buildings on the drawing boards, where we adopt a “passive design” approach, technically speaking, going for nononsense slim construction first to reduce carbon emission or energy consumption.

a

When we take these climate conditions into consideration, tenants can reduce the use of air conditioning and electricity, thereby achieving carbon reduction. That’s what we call pursuing sustainability in a sustainable way.

Let’s use The Henderson as an example.

Using durable glass panels: this approach is materialised by two innovative strategies – i. toughened 3D glass fabrication by purpose-built “digital glass bending” furnace to significantly minimise material wastage; ii. upholding “façade resilience” with thoughtful glass composition to combat climate crisis and mechanical damage.

This helps prolong the building's lifetime while minimising the embodied carbon in its construction. The Henderson is crafted from over 4,000 panels of 4-ply double-laminated curved insulated glass, with over 1,000 different curvatures, for the curtain-walled tower portion.

Abundance of daylight: six mega-columns and a core steel structure on one side, creating a large column-free space to cater for exceptionally wide, light-filled, column-free open offices. It helps reduce the demand for artificial lighting, contributing to energy savings and reduction of the operational carbon in the long run.

High-efficiency heating, ventilation and air conditioning (“HVAC”) equipment and daylight sensors are installed in The Henderson leveraging smart central chiller plant optimisation by means of our intelligent infrastructural provision enabling adaptation over time.

Johnny: As a responsible and forward-thinking company, we endeavor to create long-term value beyond business and build for a better future. The sustainability journey only starts with property construction and development. It is virtually impossible to have a net zero building as we have scope 1, 2, 3 emissions (yes, you can have a carbon-neutral building through carbon offsets). Therefore, you need to bring the tenant into the sustainability journey.

2. How do you bring the tenant onto the sustainability journey and what is the role of data and (green) technology in onboarding?

Johnny: At The Henderson, we launched an industryfirst ESG tri-party partnership collaboration programme, where we work hand in hand with our tenants and their employees to achieve sustainability goals through the leveraging the power of smart technologies: 1. Big data analytics powered smart app that records and rewards ESG efforts in the four areas of carbon neutrality, health & well-being, partnership for good, and integrated culture. Redeemable tokens called HEND Coins are awarded. ________ 2. Integrated Tenant Experience Analytic Platform - A dedicated tenant platform, Integrated Tenant Experience Analytic Platform (ITEAP), has been established to ensure tenant-centric smart building experiences, in which its defined data schema and optimised analysis models enable near real-time interaction between building operators, tenants and the assets. The insightful analytics on user behaviour provides a basis to deliver tailored services and adaptive customer experiences for tenants to enjoy. This data will be visualised as a dashboard so that senior management can monitor The Henderson’s ESG performance and also respond in real-time to property operations. ____ 3. Collection in real-time and analysis of ESG data and the creation of a smart virtual building twin of the physical building (using Digital Twin technology).

Through integrated building information modelling (BIM) and our intelligent Facility Management System (FM Portal), data across 12 ESG aspects, including energy, carbon and waste management, is collected in real-time and shared with tenant to recommend short and medium-term ESG actions.

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The Henderson has been designed and engineered to provide the best workplace experience for its tenants at the heart of Hong Kong’s vibrant central business district. The Henderson is among the first commercial projects in Hong Kong to have secured both WiredScore and SmartScore Platinum certification in recognition of its outstanding digital connectivity and advanced smart technology, which is a reflection of the Group’s unwavering dedication to providing firstclass digital connectivity and exceptional smart building standards.

Kevin: Post-COVID, many companies are motivating their employees to return back to the office with varying degrees of success. The Henderson would like to bring about hotelization of office space, where we incorporate hotel-like comfort and convenience.

Here are some of the patented / unique features.

Solar Responsive Ventilator ________________ When the sun shines, a cushion of cool air envelops the window area, keeping the sensation temperature comfortable while letting in enjoyable cool, bright daylight, yet without lowering the indoor temperature generally to achieve user’s comfort and save energies.

Liquid Desiccant Cooling System for Banquet Hall ____________________________________ The system automatically dehumidifies, disinfects and filters the air, while saving more than 20% in energy usage, by tactfully monitoring humidity rather than the conventional space cooling.

Mini Weather Monitoring Devices ___________ Weather-monitoring devices are installed on the rooftop and underground to provide real-time environmental data, such as temperature, humidity, suspended particulates and wind speed, for conscious decision-making by property management and tenants with given information on the real-time on-the-spot weather. What we want to achieve is to uphold the “User’s controllability of their own workplace environment” and foster a paradigm shift on energy / carbon reduction willingly by the building users.

Photo Credit: The Henderson, Hong Kong by Zaha Hadid Architects for Henderson Land, Render by Arqui9

3. How do you balance people, planet, profit in the triple bottom line? What is the additional cost of adopting sustainability in your buildings?

It’s our Group's vision to drive the development of innovative and smart properties. Undoubtedly, the construction cost of adopting building more smart and sustainable buildings is higher than conventional buildings, but surely the additional cost is not overwhelming. Typically, we adopt a “picking the lowhanging fruit approach” to go for sustainability, with cost-effectiveness always in mind. Besides, we take a long-term lifecycle perspective into account. By constructing a building with a longer lifespan and lower maintenance burden, it can effectively reduce carbon emissions in a fundamental way and save the recurrent operating costs in the long run. This consideration aligns with our commitment to sustainable development and mitigating environmental impact.

4. Hong Kong’s smart city blueprint encompasses smart environment, smart living, smart transportation amongst others. What are the challenges and opportunities to build Hong Kong into a world-class smart city?

Johnny: Building Hong Kong into a world-class smart city presents both challenges and opportunities. For example, implementing the necessary infrastructure upgrades, such as connectivity and data networks etc., to support smart city initiatives can be a significant challenge. It requires substantial investment and coordination between various stakeholders.

On the other hand, developing a smart city ecosystem can foster economic growth and innovation. It provides opportunities for startups, technology companies, and entrepreneurs to develop and implement cutting-edge ___

solutions, creating job opportunities and attracting investment.

Besides,

smart

city

technologies

generate

vast

amounts of data that can be leveraged for evidencebased decision making. Analysing data insights can help decision makers to address urban challenges and plan for future development.

Building a smart city requires collaboration among the government, private sector and citizens. This presents an opportunity to foster partnership, knowledge exchange, and co-creation, leveraging the collective expertise and resources for the city's benefit. By addressing

the

challenges

and

seizing

the

opportunities, Hong Kong can make significant strides toward becoming a world-class smart city that enhances

livability,

sustainability,

and

economic

prosperity.

Johnny, Kevin, it was my pleasure to exchange thoughts with you today and I look forward to seeing leading conglomerates like Henderson Land being pioneers and role models in the sustainability journey to help balance people, planet and profit.

THIS NOVEMBER, BRITCHAM SUPPORTS: MOVEMBER

In a world where sustainable travel is becoming increasingly important, it is crucial to celebrate and support organisations that prioritise responsible travel and sustainability initiatives. At Lightfoot Travel, we wholeheartedly believe in the power of responsible travel and urge our guests to embark on transformative journeys that leave a positive impact.

We list 6 of our favourite luxury eco hotels who are making huge strides with their sustainability efforts.

1. Three Camel Lodge, Mongolia If you’re looking for the ultimate nomadic adventure, then Three Camel Lodge in Mongolia is hard to beat. Not only will you sleep in a traditional felt ger, but will you be able to see the true nomads in action as the resort lets them graze their animals on the land as they walk between the plains. You too will also be given the chance to explore the land of Genghis Khan by foot, horseback, 4WD or Bactrian camel. Journey around the 600-foot Hongoryn Els (‘singing’ sand dunes), through the Yol Valley or even Tugrigiin Shiree – where they found the bones of the famed fighting dinosaurs.

Embracing a philosophy rooted in conservation, Three Camel Lodge employs a range of innovative practices to minimise its ecological footprint. The lodge operates entirely on solar power, extensive recycling programmes are in place, and through active engagement with local communities, the lodge not only provides economic opportunities but also fosters a sense of pride and ownership in preserving the natural wonders of the Gobi. __

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2. Clayoquot Wilderness Resort, Canada Vancouver Island’s west coast is home to Clayoquot Wilderness Resort, a sustainable wilderness retreat in the Tofino region surrounded by a protected Biosphere Reserve.

Accessible by a 25-minute seaplane from Vancouver, the resort boasts a wealth of excursions, a spa, and spectacular dining facilities. This resort makes you feel like you’re in the middle of absolute nowhere – when you’re actually only 40 minutes by boat from Tofino. The resort is located in a biosphere reserve with sustainability at the heart of everything they do. Head out on a kayak or Zodiac to see the local black bear population, before returning to the property to enjoy an incredible home-cooked meal on the terrace of the Cook House.

With bears and bald eagles as neighbours you can explore the rugged reaches of British Columbia’s Vancouver Island. Dedicated to sustainable luxury, Clayoquot serves sustainable farm-to-plate meals, utilises found fallen trees for firewood, furniture, and boardwalks and draws from an extensive on-site. organic garden. Hike, do archery, go canyoning, and much more. Their ‘no-trace’ policy ensures that guests can immerse themselves in the wilderness without leaving a mark. __

3. Soneva Fushi, Maldives Nestled on the serene shores of the Baa Atoll, Soneva Fushi stands as a beacon of sustainable luxury. This Maldivian paradise boasts exquisite villas, each with its private stretch of pristine beach, and a commitment to environmental conservation that is truly commendable. Soneva Fushi embraces eco-friendly initiatives like solar power, waste recycling, and a zero-waste policy. The resort even has its organic garden, ensuring that guests enjoy delectable, sustainably-sourced cuisine. Soneva partners with a whole host of charities including Save Our Seas and PATT Foundation (Plant a Tree Today), and also operates educational excursions to educate guests, including a lesson at sea with local fishermen learning all about sustainable fishing.

Soneva are true pioneers in the eco-luxury space and their collection of resorts in the Maldives and Thailand are truly wonderful examples of how luxury and sustainability can work hand-in-hand.

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4. Lapa Rios, Costa Rica This award-winning eco lodge is set on a 1,000 acre private nature reserve that’s home to monkeys, toucans and jaguars.

The lodge is a living testament to the harmonious coexistence of luxury and environmental conservation. Committed to preserving the rich biodiversity of its surroundings, Lapa Rios has implemented a comprehensive array of sustainability efforts. The lodge operates entirely on clean energy, primarily sourced from solar panels. Extensive recycling programs are in place, and Lapa Rios is deeply engaged with the local community, providing employment, supporting education and healthcare projects. Through these efforts, Lapa Rios not only offers guests an unparalleled experience amidst the Costa Rican rainforest but also exemplifies a profound dedication to the preservation of the country’s extraordinary biodiversity.

5. Grootbos Private Nature Reserve Villas, South Africa Situated in the heart of the Cape Floral Kingdom, a UNESCO World Heritage Site this award-winning eco-conscious resort sets an extraordinary standard for environmentally responsible hospitality.

At the core of Grootbos’ sustainability efforts lies a profound respect for the natural world. The reserve is a sanctuary for flora, fauna and endangered species, with strict conservation practices that include reforestation, sustainable land-use planning and an emphasis on renewable energy sources.

Luxury at Grootbos is defined by its seamless integration with nature. Each villa is designed with an acute sensitivity to its surroundings. Beyond the villas, Grootbos places a strong emphasis on community development. By investing in local communities, Grootbos ensures that the benefits of tourism are shared equitably, reinforcing the relationship between luxury and sustainability.

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6. Song Saa Private Island, Cambodia Located in the unspoiled Koh Rong archipelago off of the coast of Cambodia, Song Saa Private Island is an exclusive private island resort blending luxury with sustainable principles. Set across two jungle-topped islands, it’s 30 minutes by speed boat from the city of Sihanoukville.

The 27 spacious one- and two-bed eco-villas are nestled in the jungle or perched on stilts over the water, each with their own private plunge pool and ocean views. Constructed with local materials, they feature indoor and outdoor showers, sunken bathtubs, and modern technology.

Guests can take part in Song Saa Private Island's several sustainable projects including recycling and waste initiatives, community help and support, and marine biology, including coral planting initiatives. The team at Song Saa conduct pioneering conservation and community projects, such as coral reef survey dives, artificial coral reef programmes, sea grass and mangrove planting to reduce carbon dioxide, and environmental education projects for the local communities.

In conclusion, these six luxury eco hotels that Lightfoot Travel has handpicked all go above and beyond the conventional concept of luxury, offering experiences that enrich both the traveller and the environment. From the vast expanse of the Mongolia’s Gobi Desert to the azure waters of Cambodia’s Koh Rong Archipelago, these resorts invite guests to be part of a global movement towards sustainable tourism. Whether you seek an adventure in the wilderness or a serene beachfront escape, you can do so whilst leaving a positive impact on the planet.

About Lightfoot Travel Lightfoot Travel is an award-winning luxury travel company offering a unique personal service that takes you on amazing tailor-made holidays around the world. We pride ourselves in producing the most inspiring, exciting, and memorable day-to-day travel itineraries out there, complete with exhilarating activities, authentic experiences, and the most exceptional hotels and villas to suit your needs and budget.

Nikki Pang Lightfoot Travel

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TACKLING TOUGH MONEY CONVERSATIONS WITH YOUR CHILDREN

BY MATTHEW CURTIS, CHARTERED FINANCIAL PLANNER, THE FRY GROUP

Talking about money with your children can be Building good habits in children challenging, regardless of their age. What to discuss, when is the best time to do it, and will they even pay Many children have plenty of opportunity to learn about attention, are all valid concerns. In this piece, Matthew maths at school and college. But financial literacy skills Curtis, Director of The Fry Group Hong Kong looks at – how to build savings, managing debt/credit, how to approach talking to your children about money understanding investment options, setting up a when they are younger, as they become adults, or pension and weighing up mortgages – are rarely even when the time has come to explain your covered. So, tackling some of the financial necessities in life can fall to parents, or fall by the wayside. inheritance wishes or ask for help yourself.

In times gone by the idea of openly discussing money was often frowned upon – perhaps a classic case of British reserve. Sadly the legacy of this is all too clear with three-quarters of Brits struggling with financial literacy and 90 percent of families losing inherited wealth by the time it passes to the third generation. In recent years there’s been a growing sense of the importance of developing good financial literacy in younger generations, and the role that parents play.

And at the other end of the spectrum, it’s clear that being open and upfront about your own financial position, and plans for your wealth, can help to reduce disputes over inheritance.

So with all that in mind, what are the financial

Childhood offers a great opportunity to build some of these important life skills. Younger children can grasp the basics pretty quickly with the concept of earning pocket money for household tasks which they can choose how to spend (on a small toy) or save (for a bigger one). Here savings jars can offer a visual way to see growing money over time. Another approach could be to explore Practical Money Skills by VISA which is a website that aims to provide some first steps into financial education with information, games and guides aimed at children. It can be a great starting point and offers some good opportunities for children to play to reinforce their skills. As children get older, there’s the opportunity to involve them more in household budget decisions, holiday plans and how you’re saving and investing too.

conversations it makes sense to have with your children?

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This can be a powerful opportunity to share some of the values which are important to you when it comes to finances. It might be that you choose to make regular charitable contributions or set aside some of your additional income for a ‘rainy day’ fund, or longterm investments. Explaining your reasons for making these financial decisions can be a useful lesson. As children get older and take more of an interest in their own bank account and savings options, there’s usually good opportunity for them to earn and spend themselves, to better understand the impact of their decisions.

These situations help form good habits when it comes to finance. You can also start to challenge your children by asking them to contribute to the larger items they want (think the latest bike, phone or pair of trainers) as well as saving for a holiday with friends or their first car. If your children (or grandchildren) are UK resident, other lessons which can be important include setting up a Junior ISA (JISA) for them to demonstrate the value of tax-free investing and help them decide how to build their capital – whether through ‘matchfunding’ their contributions, or them choosing whether to add some of their own birthday money or earnings.

Supporting young adults As children move into their early careers, conversations about money can shift into other aspects of finance. It will be important to tackle the importance of pensions and planning for those retirement years – although this may feel a long way ahead, starting early and getting into good habits from the outset is an important lesson to understand. Many young people can be resistant to making some of these sensible decisions, preferring to consider their salaries very much as disposable income!

Discussions about long-term savings and investments and the power of compound interest are vital at this stage as is talking about how establishing good habits now can help them achieve financial freedom in years ___ 31

to come. If you are looking to share practical advice which can be dipped in and out of over the years, there are some helpful books available including Happy Ever After: Financial Freedom Isn’t A Fairy Tale. It might make a useful present, especially for young adults taking some steps towards independence and who may benefit from hearing sensible financial stories from people other than mum and dad!

As they become involved in buying their own home there’s usually scope to discuss saving options for the deposit and fees, the right insurance and the value of having a Will – and regularly updating it. If your children are UK resident, there are some specific investments which you can discuss with them too, including LISAs (Lifetime ISAs) which can be set up for those aged 18-40, and used for a deposit on their first home. If and when they become parents themselves you can remind them of the steps you took when they were children to establish a good financial foundation – setting up a bank account and tackling the basics about money and savings.

Conversations with adult children As you age you may want to begin to involve your children in helping to manage your own finances.

Discussions over what you’d like to happen with the family home, or other aspects of your wealth, are important to have particularly given property can be a significant asset, and one you plan to pass on. These areas can be emotional ones to tackle – both for you _____

and them – but again being open and straightforward can help avoid issues in years to come.

If you haven’t already, it’s a good idea to chat to your children about setting up a Lasting Power of Attorney (LPA) – there’s a specific option that allows you to appoint someone to manage your money on your behalf – either for a short time, or longer term if you become unable to look after things yourself.

Open conversations with your children about money throughout their lives may mean you feel confident that they can help here when the time comes. But you might want to choose a trusted friend instead.

Explaining your reasons, such as avoiding them having to make decisions about money at what could be a sensitive time, helps. It’s also important to make your wishes for your own estate very clear to your

children – if they will be inheriting, then tell them and perhaps share how you’d love for them to enjoy and protect that wealth. And if you’ve alternative plans, although often difficult, it can be wise to share these too. Disputes typically happen when plans are unclear or have not been properly discussed.

Throughout life you’ll need to talk to your children about money. At times it might feel enjoyable, as you see them grasp financial concepts, and make sensible decisions themselves. At other points it can be difficult and emotive, particularly if they make mistakes, or you need to tackle how you expect them to protect family wealth when it’s time for them to take the reins. It may make sense to work with a financial adviser to help facilitate some of these conversations along the way.

Over the years we’ve worked with many families – through the generations – helping shape, build and protect wealth and create strong financial futures.

____

About The Fry Group The Fry Group are tax, estate and financial planning experts. Established in 1898 with offices throughout the UK, and in Belgium, Hong Kong, Dubai and Singapore, they specialise in helping British people throughout the world in all aspects of their financial planning

Matthew Curtis Chartered Financial Planner

www.thefrygroup.hk E: info@thefrygroup.hk T: +852 2526 9488

____________________________ This article has been produced with the aim to provide information. However, this is not intended to form professional advice nor should it be relied upon as such and before taking any particular action, specific and personal advice should be obtained. All levels and basis of, and relief from taxation illustrated here are subject to change. The Fry Group (H.K.) Limited is licensed to conduct investment advisory and asset management in Hong Kong by the Securities & Futures Commission (SFC; CE Number: ATY965) and is licensed as an insurance broker by the Insurance Authority (IA; Licence Number: FB1207).

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