DOCSLIB.ORG

Annual Report 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2020 HANG SENG BANK LIMITED HANG SENG BANK ANNUAL REPORT 2020 REPORT ANNUAL 83 Des Voeux Road Central, Hong Kong www.hangseng.com Hang Seng is proud to be marking 88 years of growing and progressing with our customers and the Hong Kong community. Contents 2 Corporate Profile 88 Years, and 3 Ever-growing Supporting Customers Corporate Governance Analysis of and the Community Report 249 Shareholders 4 During the Pandemic 120 Biographical Details of 5 Results in Brief* Directors and 250 Subsidiaries 148 Senior Management Five-year Financial Report of Directors of 6 Summary 162 the Directors 251 Subsidiaries Corporate Chairman’s 2020 Financial Information and Statement* 169 Statements 252 8 Calendar Chief Executive’s Independent 12 Report* 242 Auditor’s Report Management * Where possible, percentages in this section have been rounded to the nearest percentage point to facilitate easy reading. Percentage-based indicators remain at 1 or 2 decimal places as appropriate. Discussion and 16 The abbreviations ’HK$m’ and ’HK$bn’ represent millions and billions of Hong Kong dollars Analysis respectively. 16 Our Brand Values 2020 Performance at a Glance Scan this QR Code with your smart phone or tablet to see a summary 26 Business Review* of our 2020 performance. Alternatively, visit https://www.hangseng.com/cms/fin/fld/statement/ annual-report-2020/index-eng.html 36 Financial Review* 48 Risk 115 Capital Management Corporate Profile Hang Seng Bank is celebrating its 88th anniversary this year. Founded in 1933, the Bank has continually innovated to provide best-in-class, customer-centric banking, investment and wealth management services for individuals and businesses. It is widely recognised as the leading domestic bank in Hong Kong, currently serving more than 3.5 million customers. Combining its award-winning mobile app and strong digital capabilities with a vast network of about 290 service outlets in Hong Kong, Hang Seng offers a seamless omni-channel experience for customers to take care of their banking and financial needs anytime, anywhere. Its wholly owned subsidiary, Hang Seng Bank (China) Limited, operates a strategic network of outlets in almost 20 major cities in mainland China to serve a growing base of Mainland customers locally and those with cross-boundary banking needs. The Bank also operate branches in Macau and Singapore, and a representative office in Taipei. As a homegrown financial institution, Hang Seng is closely tied to the Hong Kong community. It supports the community with a dedicated programme of social and environmental initiatives focused on future skills for the younger generation, sustainable finance and financial literacy, addressing climate change and caring for the community. Hang Seng is a principal member of the HSBC Group, one of the world’s largest banking and financial services organisations. More information on Hang Seng Bank is available at www.hangseng.com. Ratings Moody’s Standard & Poor’s Long-term Bank Deposit Long-term Issuer Credit (local and foreign currency) (local and foreign currency) Aa2 AA- Short-term Bank Deposit Short-term Issuer Credit (local and foreign currency) (local and foreign currency) Prime-1 A-1+ Outlook Outlook Negative Stable 2 HANG SENG BANK 88 Years, and Ever-growing On 3 March 1933, Hang Seng opened its doors for business for the first time. Operating initially as a money changer, Hang Seng’s assets were modest, with just 11 employees working in an 800-square-foot premises in Sheung Wan. But its principles were lofty: Hang Seng would welcome Hong Kong people from all walks of life and treat them as individuals and honoured guests. The establishment date of Hang Seng – 3/3/33 – is highly auspicious in local culture. The word for ‘3’ in Cantonese rhymes with the characters for ‘life’ or ‘grow’, and the repetition of 3s means ‘never-ending’, a sentiment that is echoed in the name ‘Hang Seng’, which means ‘ever-growing’. This year we mark another auspicious date – our 88th anniversary. The number ‘8’ rhymes with the character for ‘good fortune’ and we hope the repeating 8s will bring never-ending good luck and good fortune to our customers and the communities we serve. Throughout our history, we have remained true to our founding principles and to our name: growing together with the people of Hong Kong by continually innovating and acting to deliver customer-centric services, support livelihoods, strengthen community ties and promote sustainability. Our long history of putting people first has made us one of Hong Kong’s most trusted brands and a banking partner to more than half the adult population. Our goal is to meet the diverse banking needs of all our customers in ways that are convenient, fast, easy and secure – anytime, anywhere. Our contribution to building a better future for all includes playing an active role in addressing social and environmental issues, such as social mobility, youth development and climate change. It also encompasses a determination to make Hang Seng an employer of choice. We engage our people through a variety of well-being and professional development initiatives, and provide a dynamic workplace environment that encourages creativity, collaboration and different ways of working. As we look ahead to the next 88 years and continue to transform for the future, we aim to remain ‘ever-growing’ on all fronts: for our business and for everyone we serve. To celebrate our 88th anniversary with the local community, we commissioned ‘Colourful Journeys’, a playful series of location-specific wall illustrations, for several of our branches. The illustrations reflect the unique characteristics of different local districts and the close relationships we have built with our customers over the years. ANNUAL REPORT 2020 3 Supporting Customers and the Community During the Pandemic Our accelerated development of digital banking services allowed personal customers to enjoy uninterrupted banking services amid social distancing. e-Banking and digital transactions grew by 124% eTicketing service was rolled out at all year-on-year. 74 street-level branch outlets to shorten customer queuing times. Extra protective measures were also implemented, including the installation of acrylic screens to keep customers and staff safe. A robust technology infrastructure enabled up to We donated 85% HK$10 million of our office staff to to support underprivileged children who had to work from home. learn from home when schools closed. To support SMEs in the challenging business environment, we were the 1st bank When physical DSE mock examinations were to launch a dedicated online cancelled, our youth Instagram page GO! GingerOnion application portal for the developed an online mock examination to help Special 100% Loan Guarantee students maintain momentum. under the SME Financing It registered more than Guarantee Scheme. 300,000 engagements. 4 HANG SENG BANK Results in Brief For the Year Profit attributable to shareholders Profit before tax Operating profit 16,687 HK$m 19,414 HK$m 20,125 HK$m 2019 24,840 HK$m 2019 28,813 HK$m 2019 28,610 HK$m Net operating income before change Return on average ordinary Cost efficiency ratio in expected credit losses and other shareholders’ equity credit impairment charges 36,068 HK$m 9.6% 36.6% 2019 43,514 HK$m 2019 15.2% 2019 30.0% Earnings per share Dividends per share 8.36 HK$ 5.50 HK$ 2019 12.77 HK$ 2019 8.20 HK$ At Year-end (at 31 December) Shareholders’ equity Total assets 183,100 HK$m 1,759,787 HK$m 2019 178,810 HK$m 2019 1,676,991 HK$m Capital ratios Common Equity Tier 1 (‘CET1’) Tier 1 Capital Ratio Total Capital Ratio Capital Ratio 16.8% 18.5% 20.0% 2019 16.9% 2019 18.7% 2019 20.8% Liquidity ratios Liquidity Coverage Ratio Net Stable Funding Ratio 230.4% 152.9% 2019 205.9% 2019 149.1% ANNUAL REPORT 2020 5 Five-year Financial Summary 2016 2017 2018 2019 2020 For the Year HK$bn HK$bn HK$bn HK$bn HK$bn Operating profit 19.0 23.5 27.9 28.6 20.1 Profit before tax 19.1 23.7 28.4 28.8 19.4 Profit attributable to shareholders 16.2 20.0 24.2 24.8 16.7 At Year-end HK$bn HK$bn HK$bn HK$bn HK$bn Shareholders’ equity 140.6 152.0 162.1 178.8 183.1 Issued and paid-up capital 9.7 9.7 9.7 9.7 9.7 Total assets 1,377.2 1,478.4 1,571.3 1,677.0 1,759.8 Total liabilities 1,236.6 1,326.3 1,409.2 1,498.1 1,576.6 Per Share HK$ HK$ HK$ HK$ HK$ Earnings per share 8.30 10.30 12.48 12.77 8.36 Dividends per share – 1st to 4th interim dividends 6.10 6.70 7.50 8.20 5.50 Ratios % % % % % Return on average ordinary shareholders’ equity 12.1 14.2 16.0 15.2 9.6 Post-tax return on average total assets 1.2 1.4 1.6 1.5 1.0 Capital ratios – Common Equity Tier 1 (‘CET1’) Capital Ratio 16.6 16.5 16.6 16.9 16.8 – Tier 1 Capital Ratio 17.9 17.7 17.8 18.7 18.5 – Total Capital Ratio 20.8 20.1 20.2 20.8 20.0 Cost efficiency ratio 33.5 30.5 29.5 30.0 36.6 6 HANG SENG BANK Profit Attributable to Shareholders and Operating Profit Earnings per Share Dividends per Share HK$bn HK$bn HK$ HK$ 30 28 14 9 28 8 26 24 12 24 7 22 20 10 20 6 18 16 8 16 5 14 12 6 4 12 10 3 8 8 4 2 6 4 2 4 1 2 0 0 0 0 16 17 18 19 20 16 17 18 19 20 16 17 18 19 20 Operating profit Profit attributable to shareholders Dividends per share Earnings per share Total Assets and Shareholders’ Equity and Return on Return on Average Total Assets Average Ordinary Shareholders’ Equity Total Capital Ratio HK$bn % HK$bn % % 1,800 2.4 200 26 22 180 24 20 1,600 2.2 160 22 18 16 1,400 2.0 140 20 14 120 18 1,200 1.8 12 100 16 10 1,000 1.6 80 14 8 60 12 800 1.4 6 40 10 4 600 1.2 20 8 2 400 1.0 0 6 0 16 17 18 19 20 16 17 18 19 20 16 17 18 19 20 Total assets Shareholders’ equity Total capital ratio Return on average total assets Return on average ordinary shareholders’ equity ANNUAL REPORT 2020 7 Chairman’s Statement The COVID-19 pandemic has had far-reaching economic and social consequences around the world.
Load more

Recommended publications
  • Official Record of Proceedings
    HONG KONG LEGISLATIVE COUNCIL — 19 May 1993 3539 OFFICIAL RECORD OF PROCEEDINGS Wednesday, 19 May 1993 The Council met at half-past Two o'clock PRESENT THE PRESIDENT THE HONOURABLE JOHN JOSEPH SWAINE, C.B.E., LL.D., Q.C., J.P. THE CHIEF SECRETARY THE HONOURABLE SIR DAVID ROBERT FORD, K.B.E., L.V.O., J.P. THE FINANCIAL SECRETARY THE HONOURABLE NATHANIEL WILLIAM HAMISH MACLEOD, C.B.E., J.P. THE ATTORNEY GENERAL THE HONOURABLE JOHN WOOD, C.B., J.P. THE HONOURABLE ALLEN LEE PENG-FEI, C.B.E., J.P. THE HONOURABLE MRS SELINA CHOW LIANG SHUK-YEE, O.B.E., J.P. THE HONOURABLE HUI YIN-FAT, O.B.E., J.P. THE HONOURABLE MARTIN LEE CHU-MING, Q.C., J.P. THE HONOURABLE SZETO WAH THE HONOURABLE ANDREW WONG WANG-FAT, O.B.E., J.P. THE HONOURABLE LAU WONG-FAT, O.B.E., J.P. THE HONOURABLE EDWARD HO SING-TIN, O.B.E., J.P. THE HONOURABLE RONALD JOSEPH ARCULLI, J.P. THE HONOURABLE MARTIN GILBERT BARROW, O.B.E., J.P. THE HONOURABLE MRS PEGGY LAM, O.B.E., J.P. THE HONOURABLE MRS MIRIAM LAU KIN-YEE, O.B.E., J.P. THE HONOURABLE LAU WAH-SUM, O.B.E., J.P. DR THE HONOURABLE LEONG CHE-HUNG, O.B.E. 3540 HONG KONG LEGISLATIVE COUNCIL — 19 May 1993 THE HONOURABLE JAMES DAVID McGREGOR, O.B.E., I.S.O., J.P. THE HONOURABLE MRS ELSIE TU, C.B.E. THE HONOURABLE ALBERT CHAN WAI-YIP THE HONOURABLE VINCENT CHENG HOI-CHUEN THE HONOURABLE MOSES CHENG MO-CHI THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE CHIM PUI-CHUNG REV THE HONOURABLE FUNG CHI-WOOD THE HONOURABLE TIMOTHY HA WING-HO, M.B.E., J.P.
    [Show full text]
  • Dr CHAN Cho Chak John Citation
    Doctor of Social Sciences honoris causa Dr CHAN Cho Chak John Citation John Chan has done for size what Barack Obama were merged to form the Hong Kong Institute has done for race. He is living proof that when of Education as part of the government's effort it comes to leadership, size doesn't matter. In to enhance the professionalism of the teaching America, the average CEO is at least three inches profession. Henceforth, all teachers, whether they taller than the average man in the street. In were teaching in primary or secondary schools, egalitarian Hong Kong, the only thing that matters must be degree-holders. Dr Chan was cognizant is the size of one's intellect. of the fact that the quality of teachers goes to the heart of any meaningful reform in education. Dr John Chan's formidable intellect ensures that he is an active participant in Hong Kong's But Dr John Chan's most lasting contribution transformation from a third-world backwater to Hong Kong came in a different capacity. In the into a world-class metropolis. Along the way, he mid-1980's, a critical and highly sensitive period has played a multitude of vital roles. His career in Hong Kong's history, he was innocently called shuttled back and forth between the civil service the Deputy Secretary in a government special unit and commerce. In his public servant incarnations, with the non-descript name of "General Duties". he was a City District Commissioner for Hong Kong In the thick of the Sino-British negotiations over Island, and Assistant Director of Home Affairs in the future sovereignty of Hong Kong from early the mid-1970's.
    [Show full text]
  • A Different Brilliance—The D & B Story
    1. Yes, Madam (1985): Michelle Yeoh 2. Love Unto Wastes (1986): (left) Elaine Jin; (right) Tony Leung Chiu-wai 3. An Autumn’s Tale (1987): (left) Chow Yun-fat; (right) Cherie Chung 4. Where’s Officer Tuba? (1986): Sammo Hung 5. Hong Kong 1941 (1984): (from left) Alex Man, Cecilia Yip, Chow Yun-fat 6. It’s a Mad, Mad, Mad World (1987): (front row from left) Loletta Lee, Elsie Chan, Pauline Kwan, Lydia Sum, Bill Tung; (back row) John Chiang 7. The Return of Pom Pom (1984): (left) John Sham; (right) Richard Ng 8. Heart to Hearts (1988): (from left) Dodo Cheng, George Lam, Vivian Chow Pic. 1-8 © 2010 Fortune Star Media Limited All Rights Reserved Contents 4 Foreword Kwok Ching-ling, Wong Ha-pak 〈Chapter I〉 Production • Cinema Circuits 10 D & B’s Development: From Production Company to Theatrical Distribution Po Fung Circuit 19 Retrospective on the Big Three: Dickson Poon and the Rise-and-Fall Story of the Wong Ha-pak D & B Cinema Circuit 29 An Unconventional Filmmaker—John Sham Eric Tsang Siu-wang 36 My Days at D & B Shu Kei In-Depth Portraits 46 John Sham Diversification Strategies of a Resolute Producer 54 Stephen Shin Targeting the Middle-Class Audience Demographic 61 Linda Kuk An Administrative Producer Who Embodies Both Strength and Gentleness 67 Norman Chan A Production Controller Who Changes the Game 73 Terence Chang Bringing Hong Kong Films to the International Stage 78 Otto Leong Cinema Circuit Management: Flexibility Is the Way to Go 〈Chapter II〉 Creative Minds 86 D & B: The Creative Trajectory of a Trailblazer Thomas Shin 92 From
    [Show full text]
  • Clear Talk Issue 40
    Latest News on Investor Account Service ClearTalk Clear Talk is the information bulletin of Hong Kong Securities Clearing Company Limited. All contributions, enquiries, letters to the editor, and any other items of interest are most welcome and should be addressed to: The Ed itor, Clear Talk c/o Corporate Communications Department Hong Kong Securities Clearing Company Limited 12/ F Chinachem Exchange Square 1 Hoi Wan Street, Quarry Bay Hong Kong For any enquiries regarding rontent of such contributions, please contact Betty Chan, Assistant Director, Corporate Communications Department. Telephone: 2597-0870 Fa x: 2579-0075 Website address: http://www.hkclearing.com.hk Clear Talk is intended to provide a forum for discussing matters of concern to our readers. While it aims to provide infomlation, the rights and obligations of participants are governed by th e General Rules of CCASS and CCASS Operational Procedures. No responsibilities fo r any loss arising to any person relying upon the inforrnatior contained in this publication shall be accepted by Ho1 Kong Securities Clearing Company Limited. '--' Following the announcement of HKEC's board of directors will be a the securities and futures market decision making body shaping the reform by the Financial Secretary company's policies and will be in March 1999, the Government chaired by a non-executive released its proposal on 8 July 1999 Chairman. Leadership of the in relation to the demutualisation company will come from the and merger of the two exchanges Chairman, the Chief Executive and three clearing houses under a Officer and the Chief Operating new holding company, the Hong Officer.
    [Show full text]
  • Hong Kong Baptist University
    HONG KONG BAPTIST UNIVERSITY STYLE GUIDE This style guide lists recommended written English usage to ensure clarity and consistency across University publications. It has been prepared with reference to the style guides of a number of leading publications and organisations, and the advice of faculty members. You are advised to follow this style guide for consistency in usage and styling. Communication and Public Relations Office Updated on 5 August 2014 1 Contents Section 1 Hong Kong Baptist University Section 2 People, titles and designations Section 3 Organisations Section 4 Places Section 5 Language, words of foreign origin, new words, traditions Section 6 Numbers Section 7 Punctuation Section 8 Headlines and captions Section 9 General rules REFERENCES 2 Section 1 Hong Kong Baptist University A. Name 1. “Hong Kong Baptist University” is the official name of this institution. 2. Hong Kong Baptist University does not take “The” before its name. 3. After the first mention, i. Hong Kong Baptist University can be shortened to “HKBU”. ii. Put HKBU in brackets after the full name only if the abbreviation will be used subsequently. iii. Hong Kong Baptist University can also be referred to as “the University”. 4. Avoid using “BU” as an abbreviation. B. Faculties and Departments 1. Use initial capitals for Faculties, Schools, Departments, Academy, Centres, etc. 2. Use their full name first and “the Faculty”, “the School”, “the Academy”, “the Department”, “the Centre”, etc on subsequent mentions. The School of Communication hosted a workshop for journalists. The School was praised for its efforts. 3. Use the capital letter “I” when referring to the institute “Jao Tsung-I Academy of Sinology” but lower case “i” when the name of Professor Jao Tsung-i is mentioned.
    [Show full text]
  • Judges' Report
    2013最佳企業管治資料披露大獎 Best Corporate Governance Disclosure Awards Award Winners Hang Seng Index Category Diamond CLP Holdings Limited Platinum MTR Corporation Limited Gold Hong Kong Exchanges and Clearing Limited Non-Hang Seng Index (Large Market Capitalisation) Category Diamond Prudential plc Platinum The Hongkong and Shanghai Hotels, Limited Gold Hysan Development Company Limited Special Mention Transport International Holdings Limited Non-Hang Seng Index (Mid-to-small Market Capitalisation) Category Gold SOCAM Development Limited H-share Companies and Other Mainland Enterprises Category Platinum Lenovo Group Limited Gold China Minsheng Banking Corp., Ltd. Public Sector/Not-for-profit Category Gold Securities and Futures Commission Sustainability and Social Responsibility Reporting Award Overall Winner CLP Holdings Limited Special Mention The Hongkong and Shanghai Hotels, Limited Special Mention China Shenhua Energy Company Limited 1 Introduction Background, Aims and Scope The annual Best Corporate Governance Disclosure Awards (“BCGDA” or “Awards”), organised by the Hong Kong Institute of Certified Public Accountants (“the Institute”), is celebrating its 14th successive year. Since its inception in 2000, the Awards has become a well-established part of the corporate governance (“CG”) landscape and a highly-respected benchmark of CG excellence in Hong Kong. The Awards continue to play an important role in encouraging improvements in standards of CG and raising awareness of changing expectations and demands for enhanced transparency and accountability to shareholders, investors and other stakeholders. Just as CG standards and best practice do not stand still, the Awards must move with the times and the community’s expectations if it is to stay relevant and achieve its objectives. This year, the marking scheme for listed companies* was updated, taking account of the revised CG Code (“Code”) issued by Hong Kong Exchanges and Clearing Limited (“HKEx”), previously called the “Code on Corporate Governance Practices”.
    [Show full text]
  • Biographical Details of Directors
    Biographical Details of Directors * Dr Raymond CH’IEN Kuo Fung ^ HSBC Holdings plc – INED (1998-2007) GBS, CBE, JP Independent Commission Against Corruption – Chairman of Advisory Committee on Corruption (1998-2006) Chairman Aged 58 Executive Council of HKSAR Government – Member Joined the Board since August 2007 (1997-2002) Other major appointments Executive Council of Hong Kong, then under ^ CDC Corporation – Chairman British Administration – Member (1992-1997) ^ CDC Software Corporation – Director (Note 1) Qualification ^ China.com Inc – Chairman Doctoral Degree in Economics – University of Pennsylvania, USA ^ Convenience Retail Asia Limited – INED Major awards Federation of Hong Kong Industries – Honorary President Chevalier de l’Ordre du Merite Agricole of France (2008) Hong Kong Mercantile Exchange Limited – INED (Note 1) Gold Bauhinia Star (1999) HSBC Private Equity (Asia) Limited – Chairman Commander in the Most Excellent Order of the ^ MTR Corporation Limited – Non-executive Chairman British Empire (1994) ^ Swiss Reinsurance Company Limited – INED Justice of the Peace (1993) The Hongkong and Shanghai Banking Corporation Limited – INED Mrs Margaret LEUNG KO May Yee The Hong Kong/European Union Business Cooperation JP Committee – Chairman Vice-Chairman and Chief Executive The Tianjin Municipal Committee of the Aged 57 Chinese People’s Political Consultative Conference – Joined the Board since April 2009 Member of Standing Committee Other positions held within Hang Seng Group ^ The Wharf (Holdings) Limited – INED Hang Seng Bank Limited
    [Show full text]
  • 19 January 1994 1839 OFFICIAL RECORD of PROCEEDINGS
    HONG KONG LEGISLATIVE COUNCIL ― 19 January 1994 1839 OFFICIAL RECORD OF PROCEEDINGS Wednesday, 19 January 1994 The Council met at half-past Two o'clock PRESENT THE PRESIDENT THE HONOURABLE JOHN JOSEPH SWAINE, C.B.E., LL.D., Q.C., J.P. THE FINANCIAL SECRETARY THE HONOURABLE SIR NATHANIEL WILLIAM HAMISH MACLEOD, K.B.E., J.P. THE ATTORNEY GENERAL THE HONOURABLE JEREMY FELL MATHEWS, C.M.G., J.P. THE HONOURABLE ALLEN LEE PENG-FEI, C.B.E., J.P. THE HONOURABLE MRS SELINA CHOW LIANG SHUK-YEE, O.B.E., J.P. THE HONOURABLE HUI YIN-FAT, O.B.E., J.P. THE HONOURABLE MARTIN LEE CHU-MING, Q.C., J.P. THE HONOURABLE NGAI SHIU-KIT, O.B.E., J.P. THE HONOURABLE PANG CHUN-HOI, M.B.E. THE HONOURABLE SZETO WAH THE HONOURABLE TAM YIU-CHUNG THE HONOURABLE ANDREW WONG WANG-FAT, O.B.E., J.P. THE HONOURABLE LAU WONG-FAT, O.B.E., J.P. THE HONOURABLE EDWARD HO SING-TIN, O.B.E., J.P. THE HONOURABLE RONALD JOSEPH ARCULLI, O.B.E., J.P. THE HONOURABLE MARTIN GILBERT BARROW, O.B.E., J.P. THE HONOURABLE MRS PEGGY LAM, O.B.E., J.P. 1840 HONG KONG LEGISLATIVE COUNCIL ― 19 January 1994 THE HONOURABLE MRS MIRIAM LAU KIN-YEE, O.B.E., J.P. THE HONOURABLE LAU WAH-SUM, O.B.E., J.P. DR THE HONOURABLE LEONG CHE-HUNG, O.B.E., J.P. THE HONOURABLE JAMES DAVID McGREGOR, O.B.E., I.S.O., J.P. THE HONOURABLE MRS ELSIE TU, C.B.E.
    [Show full text]
  • Outbound Tourism Shaped by Market and State in China
    The future beckons with the opening of the Samsung Digital Lab for Hospitality Technology Contents Message from Director of School ..........................................2 Samsung Digital Lab Opens .................................................3 The SHTM and Samsung look to the future with IT Congregation 2008 ...............................................................5 Graduation ceremony only the beginning Chair Professor’s Distinguished Lecture ................................7 UNTWO Secretary General offers cause for optimism Fifth China Tourism Forum .................................................8 Publisher: Kaye Chon Gathering focuses on nature-based tourism Managing Editor: Pauline Ngan Convention and Event Programme Launched .......................9 Industry participation crucial to design of new BSc conversion programme Consulting Editor: Armstrong-Hilton Ltd. Seventh Hong Kong Winter School ....................................11 Participants warm to latest research and advanced management tools Design: Creative Path Teaching Hotel Update .......................................................12 Printer: Impact Printing & Latest news on the construction process and eco-friendly design Graphics Co. Ltd. Virtual Hotel Project at the Cutting Edge ...........................13 Second Life offers another dimension of learning Horizons is published by the School Postgraduate Programmes...................................................14 of Hotel & Tourism Management MSc, MPhil, PhD and DHTM programmes take learning to
    [Show full text]
  • CEO Manpower Conference 2005 “Human Capital: Hong Kong's Future”
    CEO Manpower Conference 2005 “Human Capital: Hong Kong’s Future” 18 May, 2005, The Ballroom, The Aberdeen Marina Club Keynote: Marjorie Yang Chairman, Esquel Group (Conference Chairman) 2022 Foundation Presentation Fanny Law, GBS, JP Permanent Secretary for Education and Manpower Richard Wong, PhD, SBS, JP Helen Siu, PhD David Faure, PhD HKSAR Government Deputy Vice-Chancellor Professor of Anthropology Professor of History Professor of Economics Yale University Head of the History Department The University of Hong Kong The Chinese University of Hong Kong CEO Panel Steve Tait Vincent Cheng, OBE, JP Dr Victor Fung Head of Human Resources Vice-Chairman and Chairman HSBC Chief Executive Li & Fung (Moderator) Hang Seng Bank Directors’ Roundtable Brian Renwick Nicholas Sallnow-Smith Paula DeLisle Managing Director Chief Executive Vice President, Boyden Hongkong Land International Practice, Asia Pacific Watson Wyatt CEO Manpower Conference 2007 “Hong Kong’s Human Capital: Strategic Challenges – Practical Solutions” 30 May, 2007, Grand Ballroom, The Aberdeen Marina Club Keynote: Steve Tait Head of Human Resources, HSBC (Conference Chairman) Opening Keynote Ronnie Chan Chairman Hang Lung Group Richard Wong, PhD, SBS, JP Betty Fung, JP Deputy Vice-Chancellor Deputy Secretary for Professor of Economics Education & Manpower The University of Hong Kong Education & Manpower Bureau CEO Plenary Roundtable Betty Yuen Y K Pang Wilfred Wong, JP John Chan, GBS, JP Managing Director Chief Executive Executive Vice Chairman and CEO Senior Executive Director
    [Show full text]
  • BHKF Newsletter 2009 (English)
    The Better Hong Kong Foundation ewsletterOctober 2009 Issue The Better Hong Kong Foundation is a privately funded, non-profit organisation and has no political affiliations.N It was formed by influential Hong Kong business and community leaders in 1995 to build greater international understanding between the East and the West by facilitating communications between Hong Kong, China and the global community. The Foundation’s principal objective is to help build a better Hong Kong. Message from the Director Dear Friends, This year, 2009, has so far been eventful though challenging. We have just celebrated the 60th anniversary of the establishment of the People’s Republic of China. In September, the roll out of RMB sovereign bonds in Hong Kong marked a new milestone for cooperation between the Mainland and this city on the financial front. For the world economy, after a year of dealing with the global financial crisis, and with the strenuous effort jointly made by governments, it seems to be stabilizing. To keep abreast of the ever changing environment, people, The Better Hong Kong Foundation Annual Delegation to the United States cities and countries are more cautious about enhancing their competitiveness. It is so for Hong Kong and its people. While looking ahead, we would like to share with you some areas that we have been championing for the past few months. Platform to Facilitate Dialogue Every year, the Foundation organizes a delegation to the U.S. and invites senior journalists from the U.S. to visit Hong Kong and China to promote dialogue and understanding between Hong Kong, China and interlocutors in the U.S.
    [Show full text]
  • Biographical Details of Directors
    Corporate Governance and Other Information Biographical Details of Directors * Dr Raymond CH’IEN Kuo Fung GBS, CBE, JP CHAIRMAN AGED 61 Joined the Board since August 2007 Past major appointments Other positions held within Hang Seng Group Ascendas China Commercial Fund Management Limited ^ Hang Seng Bank Limited – Chairman (2011-2012) (Note 1) – Chairman of Nomination Committee; ^ CDC Corporation – Chairman (1999-2011) Member of Remuneration Committee ^ CDC Software Corporation – Director (2009-2012) Executive Council of HKSAR Government Other major appointments – Member (1997-2002) Justice of the Peace Executive Council of Hong Kong, then under ^ China.com Inc – Chairman British Administration – Member (1992-1997) ^ China Resources Power Holdings Company Limited ^ HSBC Holdings plc – Independent Non-executive Director – Independent Non-executive Director (1998-2007) ^ Convenience Retail Asia Limited HSBC Private Equity (Asia) Limited – Chairman (1997-2010) – Independent Non-executive Director ^ Inchcape plc Economic Development Commission of HKSAR Government – Independent Non-executive Director (1997-2009) – Non-official Member (Note 1) Independent Commission Against Corruption Federation of Hong Kong Industries – Honorary President – Chairman of Advisory Committee on Corruption (1998-2006) Hong Kong Mercantile Exchange Limited The APEC Business Advisory Council – Independent Non-executive Director – Hong Kong Member (2004-2009) ^ MTR Corporation Limited – Non-executive Chairman The Hong Kong/European Union Business Cooperation ^ Swiss
    [Show full text]