https://www.scmp.com/rss/320889/feed RHK will facilitate communication and cooperative action among senior executives to pursue like-minded objectives for improving the innovation landscape in Hong Kong. Taking place over the course of four meetings in a year, attendees will hear from experts and opinion-leaders, and have their say through roundtable discussions. With your participation, RHK will unleash Hong Kong's innovative potential, and push for quicker, more meaningful progress in the city. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com [The content of this article has been produced by our advertising partner.] The CUHK Centre for Family Business (CFB) has recently received a generous donation of $1.25 million from the NxGen Visionaries and the Family Office Association Hong Kong (FOAHK), to support the development of best practice frameworks for Asian family businesses and office, and to action research more diversified and thriving family office ecosystem in Hong Kong, especially with an outlook towards multi-family... https://www.scmp.com/native/business/topics/redefining-hong-kong/article/3265575/family-business-award-coming?utm_source=rss_feed https://www.scmp.com/native/business/topics/redefining-hong-kong/article/3265575/family-business-award-coming?utm_source=rss_feed Fri, 21 Jun 2024 04:28:51 +0000 [The content of this article has been produced by our advertising partner.] For the last 50 years, global investment firm Cambridge Associates has found success by helping its clients—be it private clients, families, endowments, foundations, pensions or sovereign wealth funds—build and manage customised investment portfolios with the aim of achieving returns that consistently outperform the market. The firm applies the “endowment model” of investing to each portfolio, which espouses principles... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3206667/cambridge-associates-esg-investments-gaining-traction-among-families-asia?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3206667/cambridge-associates-esg-investments-gaining-traction-among-families-asia?utm_source=rss_feed Fri, 20 Jan 2023 04:50:47 +0000 [Sponsored Article]   The “Great Resignation,” a term coined to describe the increased levels of workforce attrition observed over the course of the Covid-19 pandemic, is a reflection of workers re-evaluating their priorities and questioning who they will work for and when, where and how they will work.  With this shift, organisations are recognizing that employees have a range of employment options. Boards and their management teams need to ensure they create the conditions which attract and... https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3179199/esg-new-opportunity-engaging-talent?utm_source=rss_feed https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3179199/esg-new-opportunity-engaging-talent?utm_source=rss_feed Sun, 29 May 2022 16:00:19 +0000 Amid the current wave of Covid-19, the Financial Secretary has proposed a number of novel measures in his Budget to ensure that Hong Kong remains on a path that will lead to sustainable growth. Based on the revised estimate announced in the 2022-23 budget proposals, the HKSAR Government will record a budget surplus of HK$18.9 billion for the financial year 2021/22, a reversal of the budget deficits of the prior two years. This may explain the confidence shown by Hong Kong’s Financial Secretary... https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3170661/budget-profoundly-different-world?utm_source=rss_feed https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3170661/budget-profoundly-different-world?utm_source=rss_feed Fri, 18 Mar 2022 01:53:17 +0000 In this conversation moderated by Maud Savary-Mornet, Senior Advisor for the South East Asia branch of Global Impact Investing Network (GIIN)at the South China Morning Post’s Redefining Hong Kong event on “How can Hong Kong investors invest positively?”, panelists discussed impact investing and the metrics by which impact and financial gains are systematically measured. Impact Investing Explained Maude began by defining impact investing as “investing with an intention … to deliver a positive... https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3162535/how-can-hong-kong-investors-invest?utm_source=rss_feed https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3162535/how-can-hong-kong-investors-invest?utm_source=rss_feed Fri, 07 Jan 2022 08:01:28 +0000 In this fireside chat hosted by the South China Morning Post during a recent Redefining Hong Kong luncheon event, Climate News Editor Eric Ng leads a discussion with Kenny Lam, CEO of Two Sigma (Asia-Pacific), about the rising popularity of impact investing and the opportunities and challenges within the industry. Kenny first noted that the investment process can be emotional, and the goal is to try to make the process more systematic by using data science. Two Sigma aims to promote positive... https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3162520/how-can-hong-kong-investors-invest?utm_source=rss_feed https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3162520/how-can-hong-kong-investors-invest?utm_source=rss_feed Fri, 07 Jan 2022 06:54:19 +0000 By Kenny Lam, CEO, Two Sigma Asia Pacific It seems quite fashionable these days to add "green", "ESG" and "sustainability" to any ventures one is embarking on and it would attract attention.  In one week in November this year, there were three separate regional conferences related to these topics, including an especially hot topic - impact investments - all with COP 26 as the backdrop.     All of this media coverage and public interest is a great way to build momentum. I would pose four sets of... https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3159954/building-sustainable-world-moving?utm_source=rss_feed https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3159954/building-sustainable-world-moving?utm_source=rss_feed Thu, 16 Dec 2021 09:42:29 +0000 By Mark Cameron, Head of Energy and Sustainability, Asia Pacific, JLL    Grabbing headlines in almost every industry globally, there has been a noticeable shift to focus on sustainability amid the COVID-19 pandemic, to the point that Environmental, Social and Governance (ESG) is becoming a consideration in every transaction and operation. The real estate industry is no exception, as developers face mounting pressure from their investors, regulators, tenants and their own employees to act on... https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3156364/esg-real-estate-industry-requires?utm_source=rss_feed https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3156364/esg-real-estate-industry-requires?utm_source=rss_feed Wed, 24 Nov 2021 01:48:12 +0000 [Sponsored Article]  The science is more conclusive than ever – the planet will continue to heat up for many decades to come. As the most recent Intergovernmental Panel on Climate Change (IPCC) report highlights, “global warming of 1.5°C and 2°C will be exceeded during the 21st century unless deep reductions in carbon dioxide (CO2) and other greenhouse gas emissions occur in the coming decades.” This latest report, published in August 2021, underlines that we can and must act now to avoid the... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3154468/ey-now-carbon-negative?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3154468/ey-now-carbon-negative?utm_source=rss_feed Thu, 11 Nov 2021 16:00:22 +0000 [Sponsored Article] Hailed as an important part of the 14th Five-Year Plan (14FYP) and the national economic development strategy for China, the Greater Bay Area (GBA) is adamant to become an “International science and technology innovation center” by 2025, and is on track to become a leading class metropolis demonstrating China’s reform and opening up.  The 14FYP raised for the first time the support for Hong Kong to enhance its status as an international aviation hub, develop the city into an... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3148979/hong-kong-set-connect-greater-bay?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3148979/hong-kong-set-connect-greater-bay?utm_source=rss_feed Sun, 26 Sep 2021 16:00:14 +0000 “Smart city is a marketing term used to define the use of technology, and in particular, data collection, to improve how cities function,” said Bien Perez, Senior Production Editor with the Technology desk at the Post who is moderating the panel.  SCMP’s Redefining Hong Kong series focuses on the key priorities, opportunities, and challenges associated with smart city development in the Greater Bay Area (GBA), as well as Hong Kong’s unique position in this initiative. Gary Yeung, President of... https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3149946/enhancing-connectivity-mobility-and?utm_source=rss_feed https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3149946/enhancing-connectivity-mobility-and?utm_source=rss_feed Fri, 24 Sep 2021 06:44:00 +0000 Digital currency is becoming increasingly popular, and thanks to Covid-19, people are using touchless payments, online shopping, and e-commerce platforms more than ever. With the growing interest in digital currency for local retail purposes, the Hong Kong Monetary Authority (HKMA) is studying the feasibility of an e-Hong Kong dollar, which would be an electronic version of a physical banknote. In addition to the use of central bank digital currencies (CBDCs) for domestic purposes, there are... https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3142044/hong-kongs-digital-currency-beginning?utm_source=rss_feed https://www.scmp.com/events/business/topics/redefining-hong-kong/article/3142044/hong-kongs-digital-currency-beginning?utm_source=rss_feed Thu, 22 Jul 2021 03:59:47 +0000 [Sponsored Article] As the much-anticipated Wealth Management Connect scheme is expected to launch soon, Hong Kong’s financial sector is getting ready to tap into new business opportunities that emerge from the scheme. Regulators released the draft rules in early May, bringing the cross-border investment scheme a step closer to realization. The scheme, the first cross-border investment program in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), is a move to further open up the Mainland’s... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3140502/hong-kong-well-placed-create-synergy?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3140502/hong-kong-well-placed-create-synergy?utm_source=rss_feed Tue, 20 Jul 2021 16:00:04 +0000 [Sponsored Article] It has been more than a year since the outbreak of COVID-19 and much has changed. Drones, AI and automation have been mobilized and took up human tasks during lockdowns, technologies have played a vital role in keeping economies and society running during the pandemic. Automation and technological advancement are speeding up, whether people are prepared or not. The sooner employers and the workforce realize and accept there is a need for reskilling and upskilling, the better... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3132151/future-work-requires-employees?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3132151/future-work-requires-employees?utm_source=rss_feed Wed, 05 May 2021 16:00:18 +0000 [Sponsored Article] After two years of contracting gross domestic product, Financial Secretary (FS) Paul Chan Mo-po breathed a sigh of relief in his speech on the Hong Kong Budget 2021-22 when announcing the economy is expected to rebound in the second half of 2021, growing between 3.5% and 5.5%.  Against the backdrop of a more positive outlook, the FS pledged in the latest Budget that stabilizing the economy and relieving people’s burden are the focuses. The relief measures costing more than... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3126377/balanced-budget-doing-balancing-act?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/3126377/balanced-budget-doing-balancing-act?utm_source=rss_feed Tue, 23 Mar 2021 02:30:25 +0000 Hong Kong finally jumped on the e-commerce bandwagon over the past year as social-distancing measures related to the Covid-19 pandemic kept residents at home, with industry leaders saying they expect the changes to stick – even in a post-coronavirus world. Speaking on Tuesday at the latest edition of the “Redefining Hong Kong Debate Series”, an online forum organised by the South China Morning Post, those in the sector said disruptions to brick-and-mortar businesses appeared to have pushed... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3118356/it-took-coronavirus-pandemic-get-hong-kong-embrace?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3118356/it-took-coronavirus-pandemic-get-hong-kong-embrace?utm_source=rss_feed Tue, 19 Jan 2021 10:49:40 +0000 A week is a long time in politics, even more so amid an economic downturn aggravated by a deepening global health crisis. Having delivered a multibillion-dollar rescue package in his budget a fortnight ago, Financial Secretary Paul Chan Mo-po is facing mounting calls to do more. This is unsurprising, given that the local and international economic downturn continues to worsen as Covid-19 has become a global pandemic. With still hundreds of billions of dollars in the city’s fiscal reserves, Chan... https://www.scmp.com/comment/opinion/article/3075279/paul-chan-can-and-should-further-loosen-purse-strings?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3075279/paul-chan-can-and-should-further-loosen-purse-strings?utm_source=rss_feed Sun, 15 Mar 2020 12:56:55 +0000 Hong Kong’s government should be more open-minded and realise the urgency of innovation in the health care sector, representatives from the medical and pharmaceutical industries said on Wednesday. They were speaking on a panel at the latest edition of the “Redefining Hong Kong Debate Series”, a forum held in Central and organised by the South China Morning Post. Speakers envisioned Hong Kong in the next five years to make progress in health care technology, such as harnessing artificial... https://www.scmp.com/news/hong-kong/health-environment/article/3046258/government-should-embrace-innovation-health-care?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3046258/government-should-embrace-innovation-health-care?utm_source=rss_feed Wed, 15 Jan 2020 12:17:27 +0000 Hong Kong’s risk-averse attitude must change to foster more successful hi-tech entrepreneurs and start-ups, local industry leaders urged, as the city struggles to build its own innovation and technology ecosystem that could rival those of other major cities in Asia. A risk-taking culture needs to take root in the city, which would help young entrepreneurs expand their horizons and not be afraid to fail, as they sharpen their efforts to develop new businesses in the hi-tech field, according to... https://www.scmp.com/tech/start-ups/article/3025920/hong-kong-needs-risk-taking-culture-foster-innovation-tech-leaders?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/3025920/hong-kong-needs-risk-taking-culture-foster-innovation-tech-leaders?utm_source=rss_feed Fri, 06 Sep 2019 01:00:19 +0000 [Sponosred Article] The Financial Secretary unveiled a health-conscious budget with tax incentives earmarked for economic diversification, maritime services development, and innovations and technology transformation, that prepares Hong Kong for the bumpy road ahead. With the enviable fiscal surplus dropped two-third to HK58.7 billion, EY agrees with the latest budget those counter-cyclical measures it took to better utilize fiscal reserves rather than handing out short-term sweeteners. In tandem... https://www.scmp.com/presented/news/hong-kong/topics/redefining-hong-kong/article/3002771/reduced-sweeteners-diversified?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/topics/redefining-hong-kong/article/3002771/reduced-sweeteners-diversified?utm_source=rss_feed Tue, 16 Apr 2019 09:48:43 +0000 [Sponsored article] The Greater Bay Area (GBA) is projected to become one of the largest regional economies in the world. Under the government’s plans, the mainland Chinese cities within the GBA will refocus on technology, innovation, research & development, and advanced manufacturing as they strive to transform their economies up the value chain. As industries within the GBA grow, this will translate into a greater need for financial and business services; expertise that Hong Kong companies... https://www.scmp.com/presented/property/hong-kong-china/topics/redefining-hong-kong/article/2181372/hong-kong-must-build?utm_source=rss_feed https://www.scmp.com/presented/property/hong-kong-china/topics/redefining-hong-kong/article/2181372/hong-kong-must-build?utm_source=rss_feed Thu, 10 Jan 2019 01:36:06 +0000 Multinational companies in Hong Kong have dismissed concerns over job losses arising from the emerging use of artificial intelligence, but one warned of a painful transition. On Thursday, leaders from Ernst & Young, DHL Express and Cisco Systems voiced optimism over the impact of automation at the latest edition of the “Redefining Hong Kong Debate Series” organised by the South China Morning Post. “The job itself will still be there. It’s the tasks within the job that may be changed,” said... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/2165087/multinationals-hong-kong-dismiss-fears-job-loss-ai?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/2165087/multinationals-hong-kong-dismiss-fears-job-loss-ai?utm_source=rss_feed Thu, 20 Sep 2018 12:02:47 +0000 I am writing in response to the article, “Support for same-sex marriage in Hong Kong grows” (July 3). The LGBT community globally has become more courageous in fighting for its rights, including same-sex marriage. With societies growing more open-minded and with rising acceptance of homosexuality among younger generations, country after country is recognising the right to same-sex marriage, including the US, Australia and Taiwan. From recognising gay rights to allowing same-sex marriage may have... https://www.scmp.com/comment/letters/article/2154738/hong-kongs-failure-safeguard-lgbt-rights-shames-its-equal-society?utm_source=rss_feed https://www.scmp.com/comment/letters/article/2154738/hong-kongs-failure-safeguard-lgbt-rights-shames-its-equal-society?utm_source=rss_feed Wed, 11 Jul 2018 08:32:59 +0000 Hong Kong companies should avoid “greenwashing” their stakeholders and consumers and should instead embed sustainability into their core company philosophies, according to panellists at the latest edition of the “Redefining Hong Kong Debate Series”, organised by the South China Morning Post, on Tuesday. They urged businesses to improve their risk management, operational excellence, reduce costs and increase efficiencies to reach their goals. “Greenwashing” is the use of marketing to deceptively... https://www.scmp.com/business/companies/article/2150475/hong-kong-companies-have-much-do-improve-their-dismal-green?utm_source=rss_feed https://www.scmp.com/business/companies/article/2150475/hong-kong-companies-have-much-do-improve-their-dismal-green?utm_source=rss_feed Tue, 12 Jun 2018 13:51:52 +0000 Hong Kong is falling behind other Asian cities in developing its sharing economy amid the government’s lack of meaningful dialogue with major companies in this sector and the inadequate support for local start-ups. That was the view raised by panellists on Tuesday at the latest edition of the “Redefining Hong Kong Debate Series” organised by the South China Morning Post. “Because of government regulations being very outdated and the government bureaus being a bit too conservative, they cannot... https://www.scmp.com/tech/enterprises/article/2145237/hong-kong-should-do-more-foster-development-sharing-economy?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/2145237/hong-kong-should-do-more-foster-development-sharing-economy?utm_source=rss_feed Tue, 08 May 2018 22:37:03 +0000 The rules of the main board of Hong Kong’s stock exchange should be reviewed so that Chinese technology companies with dual-class share structures could list, boosting the city’s attractiveness as a destination for firms to go public. That was the view of panellists on Tuesday at the “Redefining Hong Kong Debate Series” organised by the South China Morning Post. They noted that the decision by Alibaba Group Holding to list on the New York Stock Exchange in 2014, after Hong Kong regulators... https://www.scmp.com/business/money/markets-investing/article/2120960/hong-kong-bourse-needs-create-conditions-attract?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/2120960/hong-kong-bourse-needs-create-conditions-attract?utm_source=rss_feed Tue, 21 Nov 2017 13:42:06 +0000 When it comes to disruption, the aging of the global population is set to have as big an impact on governments, organizations and societies as that of digital technology. As noted in EY’s report How will we disrupt aging before aging disrupts economic growth?, approximately 10% of the global population is now aged 60 or over. And over the course of the next 40 years, that percentage is expected to increase to 25%. When it comes to the latest digital developments, however, older people remain... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2120397/how-will-we-disrupt-aging-aging?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2120397/how-will-we-disrupt-aging-aging?utm_source=rss_feed Fri, 17 Nov 2017 09:15:30 +0000 Space is one of Hong Kong’s scarcest resources: a luxury commodity, available to those who can afford to pay. Sometimes, private space expands at the expense of public space. Even in public housing, private amenities like kitchens and bathrooms have driven the demise of communal facilities and seen us retreat further into our own small spaces, our neighbours becoming strangers. With half of the city’s households living in spaces smaller than 500 square feet, we need that public space to... https://www.scmp.com/comment/insight-opinion/article/2120163/hong-kong-needs-more-public-open-space-peoples-physical-and?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2120163/hong-kong-needs-more-public-open-space-peoples-physical-and?utm_source=rss_feed Fri, 17 Nov 2017 04:02:01 +0000 Hong Kong can take justifiable pride in its position as one of the world’s leading centres for initial public offerings (IPOs). This not only keeps billions of dollars pumping through the system, but also buttresses the city’s claims to being the premium financial hub in Asia.  However, recent news reported that the local listings market is heading for its worst year since 2012, prompting many to pause for thought.  Admittedly, that forecast reflects the fact that, for one reason or another,... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2119860/time-revive-hong-kongs-enviable-ipo?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2119860/time-revive-hong-kongs-enviable-ipo?utm_source=rss_feed Tue, 14 Nov 2017 08:16:52 +0000 A festive atmosphere prevailed at the Hong Kong Sports Institute on 29 October as about 600 people took part in the EY Family Sports Gala 2017 to promote good health and work-life balance.  Apart from EY staff and their family members, among the crowd were EY alumni, students of EYAcademy – a professional development program for undergraduate students – clients, guests from accounting organizations as well as over 100 children and friends from two NGOs – the Hong Chi Association and the New Home... https://www.scmp.com/presented/business/companies/topics/redefining-hong-kong/article/2118319/ey-runs-extra-mile-building?utm_source=rss_feed https://www.scmp.com/presented/business/companies/topics/redefining-hong-kong/article/2118319/ey-runs-extra-mile-building?utm_source=rss_feed Fri, 03 Nov 2017 09:45:32 +0000 Hong Kong needs authenticity, fresh blood, technology, Victoria Harbour and some “disruptions” to reinvent its flagging inbound tourism, according to industry veterans. To attract the growing demographic of millennial travellers who prefer cultural experience over luxury, Hong Kong government officials should think out of the box, and even break some rules, they urged on Friday. “Disruption needs to take place in Hong Kong ... The government itself needs to be disrupted,” leading businessman... https://www.scmp.com/news/hong-kong/economy/article/2116354/disruption-needs-take-place-hong-kong-tourism-industry?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/2116354/disruption-needs-take-place-hong-kong-tourism-industry?utm_source=rss_feed Fri, 20 Oct 2017 14:00:30 +0000 A new longitudinal global survey by EY of middle market companies has revealed big ambitions for growth, despite geopolitical uncertainties, shifting demographics and rapid advancements in technology. Of the 2,340 C-suite executives surveyed, 90% see uncertainty as providing growth opportunities; over 30% are planning to grow significantly more than latest global World Bank GDP forecasts; and 14% have current-year growth ambitions of over 16%. “We see middle market leaders confident of their... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2111254/can-shifting-sands-be-solid?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2111254/can-shifting-sands-be-solid?utm_source=rss_feed Thu, 14 Sep 2017 15:30:00 +0000 Hong Kong’s home prices may be surging from one record high to another, but the prospect of reining them in over the next decade may not be as far-fetched as sceptics make it out to be, according to experts. Price corrections however, will also depend on external factors such as US interest rate rises, mainland Chinese and US economic conditions, and the city’s own housing supply strategy. That was the main takeaway on Wednesday from the South China Morning Post’s fifth “Redefining Hong Kong”... https://www.scmp.com/news/hong-kong/economy/article/2111061/what-must-hong-kong-do-rein-surging-home-prices?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/2111061/what-must-hong-kong-do-rein-surging-home-prices?utm_source=rss_feed Wed, 13 Sep 2017 12:45:15 +0000 The chief financial officer (CFO) of the future will change – according to an EY global survey of 769 finance leaders. Aspiring CFOs must develop leadership and team-building skills, including strong relationships with the chief executive officer (CEO) and board, if they are to transition to a CFO role in the next five years. The changes are in response to a role that is increasingly becoming more diverse in scope and focus as incumbents respond to a full range of pressures, including digital,... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2094945/cfo-role-blurs-how-can-future-finance?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2094945/cfo-role-blurs-how-can-future-finance?utm_source=rss_feed Fri, 19 May 2017 07:15:15 +0000 Chief financial officers are no longer solely guardians of the numbers but must reinvent themselves as the growth drivers and change makers in their companies. They need to lead integration across the entity and create added value in the face of an increasingly competitive and fast-changing market environment, experts and company leaders said. In the past, the CFO role only focused on managing costs, budget and other financial matters, but the business world has changed quickly in the past few... https://www.scmp.com/business/companies/article/2094708/cfos-urged-thing-beyond-numbers-changing-business-world?utm_source=rss_feed https://www.scmp.com/business/companies/article/2094708/cfos-urged-thing-beyond-numbers-changing-business-world?utm_source=rss_feed Wed, 17 May 2017 23:46:14 +0000 Threats of all kinds continue to evolve, and today’s organizations find that the threat landscape changes and presents new challenges every day. “The global shift towards a digital transformation has resulted in unprecedented levels of connectivity. This shift directly reflects on the volume, aggressiveness and impact of cyber-attack threats,” said Steve Lo, Greater China Technology, Media & Telecommunications Market Segment Leader at EY. “This means that our clients are increasingly becoming... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2090481/path-cyber-resilience-sense-resist?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2090481/path-cyber-resilience-sense-resist?utm_source=rss_feed Tue, 25 Apr 2017 10:00:00 +0000 Online merchants in the Asia-Pacific’s e-commerce market are being urged to shore up their protection of consumer data amid a rising tide of cyberattacks. Transactions being made on various online retail platforms across the region need to be safeguarded from increased attacks used for identity theft, as well as for validating and augmenting credentials of stolen identity to perpetrate even more online fraud, according to cybersecurity experts. “Small retailers can get compromised very easily,... https://www.scmp.com/tech/enterprises/article/2086388/asias-online-retailers-urged-beef-measures-safeguard-customer-data?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/2086388/asias-online-retailers-urged-beef-measures-safeguard-customer-data?utm_source=rss_feed Mon, 10 Apr 2017 08:15:00 +0000 Hong Kong’s budget is too conservative to solve deep-rooted social problems, including land shortages and the widening wealth gap, politicians and analysts told a forum held by the South China Morning Post on Friday. The comments were made during the 2017 Redefining Hong Kong Debate Series which looked at whether the city’s latest budget could rejuvenate an economy that has seen flat growth since 2012 and faces uncertainty amid rising interest rates and a global trend towards increasing trade... https://www.scmp.com/business/article/2079959/hong-kongs-budget-too-conservative-address-social-problems-scmp-forum-told?utm_source=rss_feed https://www.scmp.com/business/article/2079959/hong-kongs-budget-too-conservative-address-social-problems-scmp-forum-told?utm_source=rss_feed Fri, 17 Mar 2017 11:45:30 +0000 In presenting his first budget address last month, the Financial Secretary Mr. Paul Chan may be forgiven for assuming the guise of a caretaker, faithfully repeating many of the mantras that were the hallmark of a predecessor currently seeking an alternative position. There were however a few hopeful signs that, given time, the caretaker may turn out to be a visionary, a transformer of fiscal policy, or at least be more proactive than his predecessor. This being the last budget of the current... https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2079919/steady-we-go-budget?utm_source=rss_feed https://www.scmp.com/presented/business/topics/redefining-hong-kong/article/2079919/steady-we-go-budget?utm_source=rss_feed Fri, 17 Mar 2017 08:43:11 +0000 Re-examining education, tackling the challenges of an ageing population and increasing Hong Kong’s competitiveness are three things a former executive councillor said he would try to fix if he were chief executive. The comments were made during the Post’s latest Redefining Hong Kong Debate Series, titled “Is Hong Kong losing its appeal as Asia’s financial centre?” Redefining Hong Kong panellists say social issues can break political deadlock Conflict on whether to teach children in their mother... https://www.scmp.com/news/hong-kong/economy/article/2053330/former-executive-councillor-ronald-arculli-highlights-triple?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/2053330/former-executive-councillor-ronald-arculli-highlights-triple?utm_source=rss_feed Fri, 09 Dec 2016 12:07:17 +0000 A new chief executive and reconciliation between opposing camps in the legislature could provide a way out of the political stalemate and a fresh start for Hong Kong, according to panellists on Thursday at the Post’s latest Redefining Hong Kong Debate Series. Most of the panellists from across the city’s political spectrum suggested or agreed that the road to political rapprochement and true harmony should start with Beijing withholding its blessing for a second term for Chief Executive Leung... https://www.scmp.com/news/hong-kong/politics/article/2025817/call-hong-kong-chief-executive-cy-leung-retire-sake-harmony?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/2025817/call-hong-kong-chief-executive-cy-leung-retire-sake-harmony?utm_source=rss_feed Thu, 06 Oct 2016 15:27:27 +0000 Financial Secretary John Tsang Chun-wah addressed a range of issues at the Post’s latest Redefining Hong Kong Debate Series forum on Thursday, ranging from the city’s economic outlook to the One Belt, One Road trade initiative, but he was reluctant to comment on political conflicts. Here we recap his main points of the day. Q: You mentioned in the budget that Hong Kong has been consumed by social conflicts. What are your visions for tackling these conflicts? Tsang: The budget was a while ago... https://www.scmp.com/news/hong-kong/politics/article/1980410/worst-time-20-years-hong-kong-economy-financial-secretary?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/1980410/worst-time-20-years-hong-kong-economy-financial-secretary?utm_source=rss_feed Thu, 23 Jun 2016 14:05:10 +0000 Offering a rare glimpse of his political thinking, Hong Kong’s finance chief has sided with tycoon Li Ka-shing on the essential qualities needed for the city’s next chief executive – a position he is hotly tipped to pursue next year. Financial Secretary John Tsang Chun-wah shared his views on governance at the Post’s latest Redefining Hong Kong Debate Series forum on Thursday, touching on an array of sensitive issues facing the city including economic uncertainties, tax increases as well as... https://www.scmp.com/news/hong-kong/politics/article/1979669/hong-kong-finance-chief-shares-views-qualities-chief?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/1979669/hong-kong-finance-chief-shares-views-qualities-chief?utm_source=rss_feed Thu, 23 Jun 2016 03:00:00 +0000 The controversial MPF core fund reform to be voted on by lawmakers this month, which will introduce a fee cap, will hopefully alleviate criticism that the pension scheme has high fees and low investment returns, Darren McShane, executive director of the Mandatory Provident Fund Schemes Authority, said on Wednesday. Speaking as a panel member in a Redefining Hong Kong debate hosted by the South China Morning Post, McShane said they would be voting on the biggest reform since the Mandatory... https://www.scmp.com/business/mutual-funds/article/1941352/mpf-core-fund-reform-bring-fees-down?utm_source=rss_feed https://www.scmp.com/business/mutual-funds/article/1941352/mpf-core-fund-reform-bring-fees-down?utm_source=rss_feed Wed, 04 May 2016 11:08:33 +0000 Hong Kong should input more resources to shore up the IT development and widen its tax base for a sustainable growth engine, panellists said yesterday at a forum on the financial secretary’s latest budget. The debate, on whether Hong Kong faces a healthy or bleak economic future, was the latest in the “Redefining Hong Kong” debate series organised by the South China Morning Post. On Wednesday, Financial Secretary John Tsang Chun-wah dished out a HK$38.8 billion package to jump-start the ailing... https://www.scmp.com/news/hong-kong/politics/article/1917595/more-resources-needed-develop-hong-kongs-technology-industry?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/1917595/more-resources-needed-develop-hong-kongs-technology-industry?utm_source=rss_feed Fri, 26 Feb 2016 17:20:49 +0000 If technology is the future, Hong Kong needs to push for higher English standards to connect industry players to the rest of the world as the issue has been neglected for years and threatens the city's competitiveness. New People's Party lawmaker Michael Tien Puk-sun made the point yesterday in the latest event in the Redefining Hong Kong series, organised by the South China Morning Post, as panelists argued the question of whether declining English standards would undermine the city's... https://www.scmp.com/news/hong-kong/education-community/article/1857139/hong-kong-should-do-more-promote-english?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education-community/article/1857139/hong-kong-should-do-more-promote-english?utm_source=rss_feed Thu, 10 Sep 2015 15:30:15 +0000 An entrepreneur who found success only at the third attempt says that for young Hongkongers to succeed in business, there must be room in society to confront and discuss failure. The question of whether the young generation can succeed in an environment where there seems to be fewer opportunities was discussed in the latest Redefining Hong Kong forum yesterday, organised by the South China Morning Post. Panellist Rex Sham Pui-sum said Hongkongers lacked an acceptance of failure, often not... https://www.scmp.com/news/hong-kong/education-community/article/1835557/allow-young-freedom-fail-says-start-founder-scmp?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education-community/article/1835557/allow-young-freedom-fail-says-start-founder-scmp?utm_source=rss_feed Thu, 09 Jul 2015 23:00:30 +0000 The anticipated launch of the Shenzhen-Hong Kong Stock Connect will spur the inclusion of A shares in the widely tracked MSCI index series and trigger billions of dollars of global fund flows into mainland equity markets, experts told the South China Morning Post's Redefining Hong Kong seminar yesterday. "The hopefully forthcoming commencement of the Shenzhen-Hong Kong Stock Connect is a necessity for MSCI's inclusion of China. Shenzhen is going to be a critical component in the decision of... https://www.scmp.com/news/article/1807491/shenzhen-hong-kong-stock-tie-could-drive-global-fund-surge?utm_source=rss_feed https://www.scmp.com/news/article/1807491/shenzhen-hong-kong-stock-tie-could-drive-global-fund-surge?utm_source=rss_feed Fri, 22 May 2015 15:30:45 +0000 Launching in-depth discussions on a major social issues such as retirement protection would help the government break away from political stalemate, according to panellists at the South China Morning Post's Redefining Hong Kong debate. While there are worries about filibustering, the non-cooperation movement and controversial political reform all affecting the handling of livelihood issues in the Legislative Council, Joseph Cheng Yu-shek, chair professor of public policy at City University, said... https://www.scmp.com/news/hong-kong/article/1736183/redefining-hong-kong-panellists-say-social-issues-can-break-political?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1736183/redefining-hong-kong-panellists-say-social-issues-can-break-political?utm_source=rss_feed Thu, 12 Mar 2015 17:15:00 +0000 Hong Kong must boost investment in technology and people if it is to stay globally competitive, a panel of top business executives said yesterday at the South China Morning Post's Redefining Hong Kong Debate. Without determined action to address shortcomings, Hong Kong would become too insular and miss a vital opportunity to engage the city's increasingly disaffected youth in a drive to deliver economic dynamism for generations to come. "Hong Kong can lose its competitiveness because of one... https://www.scmp.com/news/hong-kong/article/1661632/people-key-citys-success-say-posts-redefining-panellists-city-told?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1661632/people-key-citys-success-say-posts-redefining-panellists-city-told?utm_source=rss_feed Fri, 12 Dec 2014 16:30:30 +0000