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Media Publication Review

Mr. Angus Ho shared real-time commentary for budget speech on SCMP

[Hong Kong, Feb 2013] Mr. Angus Ho, Tax partner, shared real-time commentary for budget speech on SCMP on 27 Feb 2013. He indicated that only limited tax measures have been introduced for consolidating the financial services industry, and suggested more extensive tax policies could be considered and implemented for specific segments in this sector.

The commentary was shared on SCMP Website and Twitter.

Interview by The Economic Observer about spin-off

[Hong Kong, Mar 2013] Mr. Roy Lo, Deputy Managing Partner was interviewed by The Economic Observer to discuss the pros & cons and accounting issues of spin-off in property industry.

The article was published on 15 Mar 2013.

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Hong Kong Economic Journal published an article written by Mr. Roy Lo and Ms. Gloria So

[Hong Kong, Apr 2013] Hong Kong Economic Journal published an article written by Mr. Roy Lo, Deputy Managing Partner and Ms. Gloria So, Risk Manager, about “how listed companies should deal with Inside Information”. Amendments to the Securities and Futures Ordinance (“SFO”) (Cap. 571) came into effect on 1 January 2013, requiring listed corporations to disclose inside information as soon as reasonably practicable so as to ensure fair and efficient trade. Mr. Roy Lo and Ms. Gloria So had particularly written an article to share with the readers about the details of the new Guidelines, including the definition of inside information, how to deal with inside information, the related procedures of issuing holding announcements and suspension of trading in its securities, responsibility for compliance and management controls, civil sanctions, Safe Harbours’ rules, etc. They had also proposed a set of corresponding internal control mechanism to comply with the Guidelines. We believe that the new Guidelines of Disclosure of Inside Information could help to cultivate the disclosure-oriented culture, hence maintaining fair trade in the capital market and reducing market malpractice induced by insider dealing.

The article was published on 19 April 2013.

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Financial Times (FTChinese.com): “Big 4” ’s competitors in China

[Hong Kong, Apr 2013] Financial Times (FTChinese.com) has reported earlier that tremendous progress was recorded in the accounting industry in China in the past 30 years. The dominance era by the world’s leading audit and consultancy firms in the China market is now being rocked by SHINEWING and other local counterparts. James Lee, Director of Greater China of Institute of Chartered Accountants in England and Wales (ICAEW), foresaw that there would be reshuffle 2 years later, that the top 4 positions in China might no longer be monopolized by “Big 4”, given that China is rising. According to the International Accounting Bulletin, Chinese-based firms might eat up 67% of the market share of Big 4’s global market.

Today, the Chinese government has the vision to build “the nation’s top brand”. With this backdrop, SHINEWING is moving upwards steadily. The new annual ranking list published by The Chinese Institute of Certified Public Accountants (CICPA) also showed that SHINEWING has made itself in top 5.

The article was published on 26 April 2013.

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Interview by Hong Kong Economic Times about Corporate Social Responsibility

[Hong Kong, May 2013] Mr. Roy Lo, Deputy Managing Partner was interviewed by Hong Kong Economic Times to talk about the children friendly policies implemented by SHINEWING.

The article was published on 30 April 2013.

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Interview by MingPao about the internal control system of state-owned enterprises

[Hong Kong, May 2013] Mr. Roy Lo, Deputy Managing Partner was interviewed by MingPao about the internal control system of state-owned enterprises. He stated that more state-owned enterprises were now strengthening its internal control system, though it took time to reform.

The article was published on 12 May 2013.

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Interview by SingTao about inside information disclosure

[Hong Kong, May 2013] Mr. Roy Lo, Deputy Managing Partner was interviewed by SingTao about inside information. He noted that some listed companies were not fully aware of the details of the Guidelines on Disclosure of Inside Information and suggested that someone with financial training background should coordinate the release of information.

The article was published on 13 May 2013.

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Interview by China Daily about Audit Report and Inside Information

[Hong Kong, May 2013] Mr. Roy Lo, Deputy Managing Partner was interviewed by China Daily on two topics.  First, he suggested professional investors should read all opinions on audit report before making decisions, but that retail investors, lacking sufficient knowledge of the capital market, should avoid investing in such companies.

On the other hand, Roy discussed the fast increase in the number of corporate announcements on inside information in the first quarter of 2013.

The article was published on 17 May 2013.

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Interview by Appledaily about Auditors' reports

[Hong Kong, May 2013] Mr. Roy Lo, Deputy Managing Partner was interviewed by Appledaily about Auditors' reports. He suggested that the public should take note of other professional terms in the annual reports, such as "audited" and "assurance", in order to better understand the actual performance of listed companies.

The article was published on 25 May 2013.

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Hong Kong Economic Journal published an article about Environmental, Social and Governance Reporting written by SHINEWING

[Hong Kong, Jun 2013] Hong Kong Economic Journal published an article which is written by Mr. Roy Lo, Deputy Managing Partner and Ms. Gloria So, Risk Manager, on the topic of Environmental, Social and Governance (ESG) Reporting. They had shared with the readers the details of the Consultation Conclusions on ESG Reporting Guide published by Hong Kong Exchanges and Clearing Limited, including the key ESG subject areas and aspects for each ESG area, scope of and approaches to reporting, etc. ESG reporting was highly encouraged as it was very positive in enhancing the credibility and reputation of a firm. They also suggested that a listed company should set up proper internal control system to get prepared for the reporting.

The article was published on 17 June 2013.

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