Programme Rundown

Welcome Address

• Judy Wong (黃繡碧), FCCA, President, ACCA Hong Kong

Opening Address: Guest of Honour

• Henry Tang Ying-yen (唐英年), GBS, JP, Chief Secretary for Administration, The Government of HKSAR

Keynote 1: The End of Great Recession - When and How?

• Any chance to see global recovery by end-2009?
• Will Asia, especially China, recover first?
• How the financial world would be different after this crisis?

Speaker: 

• George Leung (梁兆基), Adviser, Strategy and Economics, Asia Pacific,  The Hong Kong and Shanghai Banking Corporation Limited, The HSBC Group

Networking Break

• Review of global financial crisis and its roots
• Perceptions on the relationship between the crisis and fair value accounting
• Steps have been taken by accounting standard-setters
• Issues will be tackled by accounting standard-setters in the near future

Speaker:

• Dr Zhang Wei Guo(張為國博士), Member, International Accounting Standards Board (IASB)

• What do companies possess in order survive in the financial tsunami?
• How should finance professionals be equipped to face this increasingly complicated business world?  How should they react to the challenges?

Speakers:

• Dr Au King Lun (區景麟博士), MH, Chief Executive Officer, FRM Hong Kong Limited
• Terry Poon (潘福全), FCCA, Chief Financial Officer, Lifestyle International Holdings Limited
• Shih Wing Ching (施永青), Chairman, Centaline Property Agency Limited

Plenary Chairman:

• Prof Stephen Cheung (張仁良教授), JP, Dean, School of Business and Professor (Chair) of Finance, Hong Kong Baptist University

Presentation by Dr Bob Chan

• The role of the bank is changing from simple deposit taking – loan lending to a combination of roles
• Risk management and regulation of the bank is more complex than before
• Bank behaviour: banker vs trader modes -  mixed roles and pertinent regulation give rise to potential conflict
• Uncertainty may lead to volatility in capital markets

Presentation by Keith Lui

• Identification of the weaknesses in the structure and approach of financial regulation
• Highlights of some of the important initiatives which are currently being implemented or studied to address the problem at the global level

Presentation by Arthur Shek

• Is finance tsunami caused by greed or the imbalance of system?
• Do accountants/auditors have the capability to prevent the financial tsunami?
• Do accountants need to be Don Quixote (唐吉訶德)?

Presentation by Shum Man To

• Establishment and functions of The Financial Reporting Council (FRC)
• Review of complaints
• Review of modified auditor’s reports
• FRC Cases
  • Auditing irregularities (corporate failure, audit evidence and documentation)
  • Non-compliance (accumulator, consolidation – control and records and accounting estimates – fair value and impairment)

Speakers:

• Dr Bob Chan (陳友正博士), Chief Economist, CASH Financial Services Group
• Keith Lui (雷祺光), Executive Director, Supervision of Markets Division, Securities and Futures Commission Hong Kong
• Aurther Shek (石鏡泉), Executive Director, Associate Publisher and Head of Research Department, Hong Kong Economic Times Holdings Limited
• Shum Man To (沈文燾), SBS, FCCA, Chief Executive Officer, The Financial Reporting Council

Plenary Chairman:

• The Hon Mr Paul Chan (陳茂波議員), MH, JP, FCCA, Legislative Councillor (Accountancy Constituency) and  Past President, ACCA Hong Kong and Former Council Member, ACCA

Plenary Discussion 2: Is China the Solution / Investor?

Speakers: 

• Dr Thomas Chan (陳文鴻博士), Head, China Business Centre, The Hong Kong Polytechnic University
• Sunny Tse (謝銳新), Director, Marketing & Business Management, Rockwell Automation Greater China
• Jim Yang (楊征), General Manager, Finance Department, China Life Insurance Company Limited

Plenary Chairman:

• The Hon Mr Paul Chan (陳茂波議員), MH, JP, FCCA, Legislative Councillor (Accountancy Constituency) and  Past President, ACCA Hong Kong and Former Council Member, ACCA

Please note that due to some reasons, Man Shek will not be able to join the Annual Conference.