December 2022, BMI NEWSLETTER, PUBLISHED BY BM INTELLIGENCE GROUP
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HOT NEWS
BMI Korea signed with Daegu National University of Education to promote the Fintech Education Project MOU, which will combine AI to popularize Hong Kong financial knowledge

 Daegu National University of Education, Korea decided to jointly develop a global artificial intelligence financial technology course with Hong Kong BMI (BM Intelligence) financial group.

On December 11, 2022, key speakers from the United States, the United Kingdom, China, Hong Kong SAR and the Middle East including South Korea held a global future education conference with the theme of "Digital Capabilities for Life Education 3.0", gathering online and offline Daegu Grand Hotel.

Park Bun-woo, president of Daegu National University of Education (hereinafter referred to as Daegu Education University), who hosted the event, emphasized the popularity of digital education, saying: "The benefits of digital education should benefit everyone."

Hong Kong BMI has been cultivating Hong Kong financial experts for a long time, and decided to cooperate with Daegu Education University to develop global economic education and financial technology AI courses.

The signing ceremony of the memorandum of cooperation between Daegu University of Education and the Hong Kong Banking Regulatory Commission, Daegu Education University and Hong Kong BMI was also held at the event site. The China Banking Regulatory Commission continues to study how linguists and computer professors from the Chinese University of Hong Kong, the University of Hong Kong, the University of Cambridge and Peking University can use artificial intelligence, data, virtual reality and augmented reality to achieve multilingual communication. At present, it has decided to cooperate with Daegu Education University Research Korean curriculum development.

 
BM Intelligence Christmas Party!

 Jingle bells, jingle bells~ Merry Christmas

In the warm Christmas, all BMI partners began to celebrate Christmas day.

On the day of the event, Mr. Lowell Lo, the chairman of BMI group, summarized everyone's work in 2022, and prepared various special gifts to express the recognition and gratitude to everyone’s hard work in 2022.

In the afternoon, we also held a Christmas wreath workshop. Colleagues and their relatives and friends are invited to join in and made Christmas wreaths by themselves to celebrate Christmas together~

 
BMI Korea participated in FLY ASIA 2022 on November 22 and signed the Company Joint Investment Agreement

BMI Korea are taking a commemorative photo with other participants after signing an agreement for joint investment in Asian/Pool/Ul/Gyeongung startups at the FLY ASIA 2022 held at BEXCO in Busan on the afternoon of the 2nd.

This event will be held for three days from the 22nd and is the largest Asian startup expo ever held in Busan. About 40 programs for Asian startups and investors will be operated, and 10,000 people from 42 countries around the world are expected to participate. 

There will be a downturn for a while. Even with an Initial Public Offering (IPO), a company is valued at a lower price than last year. Companies that need late-stage (a state in which a company needs a large amount of investment right before going public) are struggling. An IPO will also be difficult. But what is interesting is that more bits will be delivered to early-stage companies.

Denes Van, managing director of 'Our Cloud', a leading Israeli venture capital firm, held 'Global Investor Leaders Forum', a detailed program of the 'Fly Asia 2022' event held at Blue Zone, BEXCO Exhibition Center 2, Haeundae-gu, Busan on the 22nd. He said this while sharing about how to fundraising (fundraising).

 
邦盟匯駿專業培訓中心2小時董事培訓和周年會議 ALL in ONE 組合

  邦盟匯駿專業培訓中心回饋客戶,推出2小時董事培訓和周年會議ALL in ONE 組合抵至港幣18,000,超過50個適用於香港交易所最近修訂之《企業管治守則》中有關董事培訓的要求可供選擇,會議地點十分便利,位於灣仔或銅鑼灣,場地設備完善,支持在線會議或者電話會議。

我們已為超過200家上市公司提供針對性,專業,貼身的董事培訓課題。

電話: (852) 2593 9653(周小姐)

電郵: registration@bmiptc.com

網址: www.bmiptc.com

UPCOMING EVENTS
Finance Ph.D Degree in Xiamen University,WISE

Overview of Xiamen University:

Xiamen University is a state vice-ministerial level key university and was included in the list of “211 Project” and “985 Project” for the state key construction. It is one of the three earliest universities to develop the post-graduated education.

  • Ranked sixth on China top ten scientific research institute (issued by Nature).
  • Ranked top 20th in the 2017Chinese University Alumni Association university ranking list.
  • Finance, statistic and accounting programmes ranked 1st in China.
  • With over 140 research institutes and more than 38,000 on-campus post-graduate students.

Mode of study: Part-time

Mode of funding: Self-financing

Applicants must:

  Hong Kong, Macao and Taiwan residents; and

  hold a Master’s degree.

Normal study period: 4-8 years

Research directions: Financial econometrics and forecasting, Financial Markets and Investment, Financial and Risk Management, Corporate Finance, Cross-strait financial market research, Macroeconomic analysis and forecasting, Labor economics and human resource management, and Industrial organization.

Tuition: HK$180,000 (RMB 150,000) in three phases

Certificate: Ph.D degree and graduation certificate

The Advantages of WISE Ph.D

  • Complete the entire PhD programme normally in four years .
  • Weekend classes, will NOT affect weekday work.
  • Able to join Xiamen University Hong Kong/Macao/Taiwan Alumni Association to expand the career platform.

For more information, please contact Ms. Chow at (852) 2593 9653 or email registration@bmiptc.com.

 

 
LATEST SUCCESSFUL PROJECTS
Recently Successful IPO and Public Circular Cases of BMI Appraisals Limited:
Valuation Projects

Company Name: Gemini Investments (Holdings) Limited

Stock code: 174

Circular issue date: 24-01-2022

Project nature:  Property Valuation

Company Name: New Times Energy Corporation Limited

Stock code: 166

Circular issue date: 24-12-2021 

Project nature:  Business Valuation

Company Name: Goal Forward Holdings Limited

Stock code: 1854

Circular issue date: 19-08-2021

Project nature:  Property Valuation

Company Name: China Qinfa Group Limited

GroupStock code: 866

Circular issue date: 30-04-2021

Project nature:  Vessel Valuation

Company Name: GR Properties Limited

GroupStock code: 108

Circular issue date: 26-02-2021

Project nature: Property Valuation

Company Name: Future Data Group Limited

GroupStock code:  8229

Circular issue date: 25-01-2021

Project nature: Property Valuation

PROJECTS RECOMMENDATION
The Companies Ordinance provided for a new inspection regime for personal information on the Companies Register maintained by the Companies Registry (“CR”). Phase 2 is about to begin

From 24 October 2022, correspondence addresses (“CA”) instead of usual residential addresses (“URAs”) of directors and partial identification numbers (“IDNs”) instead of full IDNs of directors, company secretaries and other relevant persons would be made available on the Companies Register maintained by the CR for public inspection.  The URAs and full IDNs (collectively Protected Information”) would only be accessible by “specified persons” upon application.  Similarly, companies may withhold from public inspection the Protected Information on the registers they have kept.  At the same time, a company’s register of directors is required to contain a CA of its director or reserve director who is a natural person (“Specified Director”) and such address must not be a post office box number.  The address of the company’s registered office (“RO”) is to be regarded as the CA of the Specified Director.  Otherwise, the company is required to deliver to the Registrar of Companies a notice in relation to the Specified Director’s CA within 15 days after 24 October 2022.

 Actions required:

 1.      Preparing another set of registers that replaces Protected Information with CA and partial IDNs

 2.     Preparing the prescribed form reporting the Specified Director’s CA (if it is not situated at the company’s RO)

 3.      After 27 December 2023, applying to the CR for the Specified Director and Company Secretary who are natural persons for protecting from public inspection their Protected Information contained in documents registered with the CR before 24 October 2022, and replacing such information with their CA and partial IDNs (if required)

 

NORCOLA COMPANY LIMITED, a member of BM Intelligence Group, provides our clients with a comprehensive range of corporate secretarial services. For more information, please feel free to contact:-

 

Name : Ms. Eva Lam

Tel :   (852) 2159 5003 / (852) 5175 2662

Email : info@norcola.com.hk

 
Amendments to Listing Rules and the Corporate Governance Code effective on 1 January 2022

In November and December 2021, the Stock Exchange published consultation conclusions on the review of the provisions of the Listing Rules and the Corporate Governance Code respectively. The revised Listing Rules and the new Corporate Governance Code (“CG Code”) will come into effect on 1 January 2022, and the requirements under the CG Code will apply to corporate governance reports for financial year commencing on or after 1 January 2022, except otherwise stated in the table below. Issuers should take timely action in compliance with the new requirements:

 

NEW REQUIREMENTS

IMPLEMENTATION

 

Core Shareholder Protection Standards

The core shareholder protection standards should be set out in the constitutional documents of all issuers (including Hong Kong issuers and PRC issuers) unless the Stock Exchange is satisfied that the domestic laws, rules and regulations to which the issuer is subject provide for the same protection

 

Until their second annual general meeting following 1 Jan 2022 to make any necessary amendments to their constitutional documents to conform to the Core Standards

 

Culture

(1)    Require board to align the company’s culture with its purpose,            values and strategy

(2)    Establish anti-corruption and whistleblowing policies

 

Financial year commencing on or after 1 Jan 2022

Financial year commencing on or after 1 Jan 2022

 

Board independence and refreshment

(1)  Require disclosure of mechanisms to ensure independent views      are  available to the board, and annual review of the implementation and effectiveness of such mechanisms

(2)   Long Serving INED (i.e. INED serving more than nine years):

• additional disclosures on factors considered, process and the board or NC’s discussion in arriving at the determination that the Long Serving INED is still independent and should be re-elected

• appoint new INED if all INEDs on board are Long Serving INEDs

 

• disclose the length of the tenure of the Long Serving INEDs on the board on a named basis in the shareholders’ circular

(3)  No equity-based remuneration with performance-related elements to INEDs

 

Financial year commencing on or after 1 Jan 2022

 

 

Financial year commencing on or after 1 Jan 2022

 

Financial year commencing on or after 1 Jan 2023

Financial year commencing on or after 1 Jan 2022

Financial year commencing on or after 1 Jan 2022

 

Diversity

(1)    No single gender board (with a 3-year transition period for issuers)

 

(2)    Gender diversity targets at board level and across workforce

 

(3)    Review board diversity policy annually

 

(4)    Include directors’ gender information in forms

 

Rule effective from 1 Jan 2022

    appoint at least one director of a different gender no later than 31 December 2024

Financial year commencing on or after 1 Jan 2022

Financial year commencing on or after 1 Jan 2022

Rule effective from 1 Jan 2022

 

Nomination Committee

Chaired by an INED or board chairman and comprising a majority of INEDs

 

Rule effective from 1 Jan 2022

 

Communications with shareholders

Disclose shareholders communication policy and annual review

Financial year commencing on or after 1 Jan 2022

 

Other enhancements

(1)    Disclose directors’ attendance in the poll results announcements

(2)    No longer require NEDs be appointed for specific term

 

Rule effective from 1 Jan 2022

CG Code effective from 1 Jan 2022

 

Timely disclosure of ESG reports

Publish ESG reports at the same time as publication of annual reports

Financial year commencing on or after 1 Jan 2022

 

Re-arrange the CG Code

Re-organise the structure and rename Main Board Listing Rules Appendix 14 / GEM Listing Rules Appendix 15 to “Corporate Governance Code”

 

CG Code effective from 1 Jan 2022

 

BMI Listed Corporate Services Limited provides professional corporate services for listed companies and private companies of different jurisdictions. For more information, please contact:-

Ms. Eva Lam (Director)

Tel:(852) 2159 5003 / (852) 5175 2662

Email: bmilcs@bmintelligence.com

 
Tailor-made corporate training – Directors' Training

BMI Professional Training Centre Limited strives to provide professional, high quality and reliable training courses. Apart from regular courses with fixed schedule and content, we also tailor-made corporate training courses that fulfill unique demands of corporate clients.

Our popular tailor-made directors' training courses covers a comprehensive range of topics related to listing rules, including director responsibility, code on corporate governance, responsibilities of the Board of listed companies and overview of Hong Kong Listing Rules etc. Our courses are recognized by HKEX.

Interested parties or organizations may visit our website: http://www.bmiptc.com

Or contact Ms. Chow at (852) 2593 9653 / meko.chow@bmintelligence.com


 
Economic Conference Room Rental Package

BMI Professional Training Centre is pleased to offer the rental of conference room at a convenience location in Wan Chai. it is suitable for organizing events, such as seminars workshops, training, press conferences.

MORE INFORMATION

 

Should you have any enquires, please feel free to contact Ms. Sarah Chan on (852) 2593 9650 or by registration@bmiptc.com

 
Commencement of New Inspection Regime of the Companies Register under the Companies Ordinance (Cap. 622) Enhancing Protection for Personal Information

Pursuant to the relevant provisions of the Companies Ordinance concerning the new inspection regime, correspondence addresses (“CA”) instead of usual residential addresses (“URAs”) of directors and partial identification numbers (“IDNs”) instead of full IDNs of directors, company secretaries and other relevant persons would be made available on the Companies Register (“the Register”) maintained by the Companies Registry (“the Registry”) for public inspection. The URAs and full IDNs (“Protected Information”) would only be accessible by “specified persons” upon application. Similarly, companies may withhold from public inspection the Protected Information on the registers they have kept.

 

The new inspection regime will be implemented in three phases. Details of the phased implementation are as follows:-

 

(a)   Phase 1

From 23 August 2021, companies may withhold from public inspection the URAs of directors and full IDNs of directors and company secretaries as contained in the registers of directors and registers of company secretaries kept by the companies. In such cases, companies are to make available for public inspection on their own registers CA of directors and partial IDNs of directors and company secretaries;

 

(b)   Phase 2

From 24 October 2022, Protected Information on the Index of Directors on the Register will be replaced with CA and partial IDNs for public inspection. Protected Information contained in documents filed for registration after commencement of this phase will not be provided for public inspection. “Specified persons” could apply to the Registry for access to Protected Information of directors and other persons.

 

At the same time, a company’s register of directors is required to contain a CA of its director or reserve director who is a natural person (“Specified Director”) and such address must not be a post office box number. The address of the company’s registered office is to be regarded as the CA of the Specified Director. Otherwise, the company is required to deliver to the Registrar of Companies a notice in relation to the Specified Director’s CA within 15 days after the commencement of Phase 2; and

 

(c)   Phase 3

From 27 December 2023, data subjects could apply to the Registry for protecting from public inspection their Protected Information contained in documents previously registered with the Registry (“Withheld Information”), and replace such information with their CA and partial IDNs. “Specified persons” could apply to the Registry for access to Withheld Information of directors and other persons.

 

The above information is extracted from the website of the Companies Registry.

 

Our services:

1.    Updating register of directors and register of secretaries kept by the Company for public inspection

2.    Providing correspondence address for Specified Director

3.    Preparing and delivering to the Registrar of Companies a notice in relation to the Specified Director’s correspondence address which was not the address of the company’s registered office

4.   Applying to the Registry for protecting from public inspection the Protected Information contained in documents previously registered with the Registry

 

NORCOLA COMPANY LIMITED, a member of BM Intelligence Group, provides our clients with a comprehensive range of corporate secretarial services. For more information, please feel free to contact:-

Name : Ms. Eva Lam

Tel : (852) 2159 5003 / (852) 5175 2662

Email : info@norcola.com.hk

Published By:

BM Intelligence Group
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Tel:  (852) 2802 2191
Fax: (852) 2802 0331
E-mail:    info@bmintelligence.com
Website: www.bmintelligence.com

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Disclaimers:
  • This document is for the information of the clients of BM Intelligence Group only and is not for the publication in the Press or otherwise.
  • The contents of this document shall not constitute any representation by BM Intelligence Group or its associated companies. Any expressions of opinion therein shall not be regarded to be advices from BM Intelligence Group or its associated companies and shall not be relied upon by companies and shall not be relied upon by recipients of this document without seeking their own professional advices.
  • To the best knowledge of BM Intelligence Group, the information contained in this document is accurate at the time of printing.

 

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