This year's “Annual Conference – Business Valuation Standards in Hong Kong” of The Hong Kong Independent Non-Executive Director Association (HKiNEDA) concluded successfully

Hosted by The Hong Kong Independent Non-Executive Director Association (HKiNEDA), “Annual Conference –Business Valuation Standards in Hong Kong” was successfully held on Tuesday, 19 November 2019 at the Hong Kong Convention and Exhibition Centre.

The Conference began with Handover Ceremony of President. A huge thank to Mr. Anthony Fan, Founding President of HKiNEDA, for his endeavors and leadership throughout the past four years. Meanwhile, congrats to Mr. David Li for being President of HKiNEDA and taking it up a notch.

Leading with Mr. Anthony Fan, Mr. David Li and representatives from Singapore, Malaysia, Thailand and Japan, The Asia Independent Non-Executive Director Association (AsiaiNED) was announced to be inaugurated formally.

The Inauguration Ceremony of AsiaiNED accompanied by Mr. Zhang Qiang, Deputy Director-General of the Coordination of the Liaison Office of the Central People’s Government in HK. AsiaiNED would continue to make dedicated contributions in Greater China's enormous financial and capital market.

The changing business environment makes directors' responsibilities more important. Therefore, “Annual Conference –Business Valuation Standards in Hong Kong” brought together talents of directors and senior management of the Greater China to conducted in-depth international discussions and analysis.

We were grateful to have Ms. Tsang Chin I, Anchor at Phoenix TV, to be the Master of Ceremonies.

Ms. Megan Tang, Senior Director of Corporate Finance, Securities and Futures Commission, as a keynote speaker of the event with a topic of INEDs as Gatekeepers

Dr. Lawrence Wong, Chairman, New Economy Committee of HKiNEDA, as a keynote speaker of the event with a topic of The Hong Kong Business Valuation Standards

Dr. Jacqueline Huang, Managing Director, Hong Kong Appraisal Advisory Limited, as a keynote speaker of the event with a topic of Business Valuation Standards around the World and Challenges in the New Economy

Panel Discussion (1) : Need a set of Business Valuation Standards in Hong Kong?

Moderator - Mr. Roy Lo, Deputy President, Hong Kong Independent Non-Executive Director Association

Guests of Panel Discussion (1):

1. Dr. Lawrence Wong  Chairman, New Economy Committee of HKiNEDA

2. Mr. Spencer Tse  Partner, Deals and Valuation Advisory Services, PwC

3. Mr. Vincent Pang  Managing Director, AVISTA Group

4. Mr. Rex Yeung    Deputy President and General Secretary of HKiNEDA

Mr. Sammy Lai, Partner, Deals Advisory Services, PwC China as a keynote speaker of the event with a topic of Governing Valuation with MPF (Mandatory Performance Framework)

Mr. Ricky Lee, Managing Director, Valuation Advisory, Duff and Phelps as a keynote speaker of the event with a topic of Responsibilities of Various Stakeholders in Business Valuation for Corporate Transactions

Mr. Vincent Pang, Managing Director, AVISTA Group as a keynote speaker of the event with a topic of Impacts of the Proposed Valuation Standards to Stakeholders in Hong Kong

Panel Discussion (2): Need a Professional Body to Govern the HK Business Valuation Standards?

Moderator - Mr. Patrick Wu, Panel Member, Resolvability Review Tribunal of HKSAR Government

Guests of Panel Discussion (2):

1. 范樹奎先生, 中聯資產評估集團有限公司董事長

2. Ms. Angela Kwan, CEO and Director, Roma Appraisals Limited

3. Mr. John Wong, Managing Director, Somerley Capital Limited

4. Mr. Simon Chan, Executive Director, JLL

We are thankful to all experts for their professional sharing and serious discussions on “Annual Conference – Business Valuation Standards in Hong Kong .” Over 300 members and guests benefited a lot while exchanged ideas and established strong networks with different guests.

Finally, Mr. Rex Yeung, Deputy President and General Secretary of HKiNEDA, gave a key takeaway in which not only business valuers should pay attention to Business Valuation Standards in Hong Kong, but also directors and senior management of listed companies should focus on it. Furthermore, Mr. Rex Yeung delivered the Closing Remarks of the Conference and look forward to seeing everyone again next year!

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Annaul Conference Rundown