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January 2016, BMI NEWSLETTER, PUBLISHED BY BM INTELLIGENCE GROUP |
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HOT NEWS |
BM Intelligence Group funded RMB 5millions to found “BMI University Students Entrepreneur Foundation”
Organized by Wenzhou Municipal Committee Higher Education Work Leading Group and Education Bureau of Wenzhou, and hosted by Wenzhou University, Wenzhou College Students Venture Capital Matchmaking was the first capital matchmaking that targeted on college students in Wenzhou. There were more than ten investment institutions and investors taking part in the capital matchmaking.
BMI Group funded RMB 5millions to found “BMI University Students Entrepreneur Foundation” which helps to incubate and grow the outstanding venture of the students. Congratulations to Wenzhou College Students Venture Capital Matchmaking ended successfully.
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Congratulations to Shanghai Lidi Technology Ltd (Stock Code: 300029) successfully listed on the N Board in Shanghai Stock Exchange
BMI Asset Management (Shanghai) Ltd. provided Shanghai Lidi Technology Ltd listing recommendation service, and to help them successfully listed in Shanghai Stock Exchange. Shanghai Lidi Technology Ltd (Stock Code: 300029) listed in Shanghai Stock Exchange on December 28, 2015.
BMI Asset Management (Shanghai) Ltd. congratulates Shanghai Lidi Technology Ltd. has successfully listed, and wishes the company a blooming business.
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RECENT EVENTS |
2015 BMI Group Christmas Party
BMI Group organized a Christmas Party on 24th December 2015. Apart from the delicacy, the staffs enjoyed the stunning performance and lucky draws on that day. We appreciate the efforts of all performers. BMI Group would like to thank the sponsors for generously giving out the presents for the lucky draw session. We thank DR i-feet for the Foot and Leg Massage Socks, Comfort Wave Pillows and cash awards, Blanc Eyelash Salon for the fake eyelashes treatment coupons, Prestige Food for the gift packs, Mr. Lowell Lo for the special prize and TRG Wecare for the LV Handbag and handbag renewal service coupons. BMI Group hopes all the companies will reach new heights in the near future.
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BMI (Shanghai) Group Hiking Activity
In order to strengthen company culture, consolidate team spirit, facilitate the communication and enhance the health of the staffs for the New Year, BMI (Shanghai) organized “BMI (Shanghai) Group Hiking”.
It was expected to finish hiking in an hour for 8 kilometer reaching Sheshan National Forest Park East Entrance. After taking the group photo, we started hiking and we kept reminding team members to pay attention, encourage each other and keep communication. Even though there were some teammates lagging behind, team leaders encouraged them to continue hiking and walked along with them. Team 2 arrived destination first; Team 3 was the second, while Team 1 was the last team. The staffs started walking to East Sheshan after taking the second group photo. The views along the path were fascinating. All people enjoyed the scenery and thanked the beauty of nature.
Hiking activity gave the staffs not only memories, but also strategic management concept, team spirit, enthusiasm, attitude of staying strong, and courage and determination.
Looking back to the past year, all employees were working so hard and they also gaining the joy from each of the activities. We thank the leadership of every department heads and the efforts of every staff. We believe that BMI Shanghai will grow better and stronger in 2016.
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Auditing and Taxation – NORCOLA COMPANY LIMITED
The Hong Kong Inland Revenue Department (IRD) issues notice to make Profits Tax Returns to corporations in April every year and requests corporations to complete and submit the Profits Tax Returns to report their Assessable Profits within one month. For a SMALL corporation with gross income for the basis period not exceed HK$2,000,000, certified copy of the audited financial statements is not required to be submitted together with the Profits Tax Return but whether any adverse opinion, the name of the auditor and the date of the auditor’s report should be completed in the Profits Tax Return. The IRD may ask for the relevant audited financial statement when necessary.
The Assessable Profits are the net profits (other than profits arising from the sale of capital assets) for the basis period, arising in or derived from Hong Kong, calculated in accordance with the provisions of the Inland Revenue Ordinance (the IRO), from any trade, profession or business carried on in Hong Kong. Any claim that profits are offshore (non-taxable) must be accompanied by a statement setting out the reasons for the claim. These reasons should be capable of being substantiated by evidence, if requested.
The IRO provides heavy penalties for any person who fails to comply with the requirements of a notice to make a return or makes an incorrect return without reasonable excuse. EVASION OF TAX IS A CRIMINAL OFFENCE. MAXIMUM PENALTY is a fine of $50,000 PLUS a further fine of 3 times the amount of tax undercharged and imprisonment for 3 years.
In addition, the Company Ordinance requires the directors of every private company or a company limited by guarantee to hold an annual general meeting within 9 months (6 months for any other company) after the end of each financial year in order to lay before the company an audited accounts for that financial year. If the company adopts written resolutions in lieu of holding an AGM, copy of the audited accounts has to be provided to each member. If a company contravenes the relevant regulations, the company, and every responsible person of the company, commit an offence, and each is liable to a fine at level 5, i.e. HK$50,000.
If you require further information regarding bookkeeping, auditing and taxation, our relevant specialized departments are willing to offer assistance.
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
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UPCOMING EVENTS |
"Challenges to Directors- Looking at the new normal of director and officer liabilities" Forum
The forum “Challenges to Directors-Looking at the new normal of director and officer liabilities” is jointly organized by “BM Intelligence Group”, HKiNED and AIG. The forum is intended to initiate discussions from different perspectives and debate how the ‘new normal’ in the emerging complex risk environment would bring corporate governance onto its next stage; and how directors deal with such risks.
Details are as follows:
Date: Monday, 25 January 2016
Time: 4:30pm– 6:30pm (registration at 4pm)
Venue: The Hong Kong Exhibition Centre Seminar Room N101
Language: Cantonese & English
Fee : HK$350 (Early Bird HK$280 before 15/1/2016)
Accreditations: Attendance certificate will be issued
For enquiries, please contact Mr. Ted Tong at (852)3970 9235 or email to registration@bmiptc.com.
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The 14th “Corporate Finance & IPO Course Series"
BMI Professional Training Centre and Economic Digest have co-organized the 14th “Corporate Finance & IPO Course Series". This Course Series is designed for people who are interested in corporate financing and rules on listing, and decision makers for listing the company, finance managers, accountants, legal consultants and senior corporate executives. The purpose of this course series is to enhance the participants’ understanding towards business and rules of listing in Hong Kong.
Not only can the participants receive attendance certificates, but also become the member of IFMA for free after completing the entire course series.
Course Name
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Date
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Time
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Connecting Chinese Enterprises with Capital Market in HK
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3/3(Thur)
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19:00-21:00
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Listing Procedure and Latest Policies
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10/3(Thur)
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19:00-21:00
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Enterprise Valuation and Related Financial Arrangement
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17/3(Thur)
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19:00-21:00
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Businesses for Listed Companies and Reorganization
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31/3(Thur)
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19:00-21:00
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Responsibilities of IPO Sponsors
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7/4(Thur)
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19:00-21:00
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Case Study on Successfully Listed Companies
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14/4(Thur)
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19:00-21:00
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For further information, please contact Mr. Tong at (852) 39709235 or email to: ttong@bmintelligence.com
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Intensive 14-Hour CPD Training
2016 March-April
Course Code
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Course Name
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Language
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Date & Time
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CPD hours
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Fee (HKD)
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CF-CPT-13
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Key Aspects of a Successful IPO
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Chinese
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01/03/2016 (Tuesday)
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19:00-21:00
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2
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300/240*
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CSP-CPT-03
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Compliance Control Guide For Share Option Scheme
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English
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08/03/2016 (Tuesday)
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15:00-18:00
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3
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450/360*
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RM-CPT-06
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Risk Management and Internal Control for Listed Companies in China
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English
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15/03/2016 (Tuesday)
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19:00-21:00
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2
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300/240*
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RM-CPT-07
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Updated on Corporate Governance Code and Associated listing rules
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English
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22/03/2016 (Tuesday)
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15:00-18:00
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3
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450/360*
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RM-CPT-08
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Anti-Money Laundering Ordinance (AMLO)
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Chinese
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12/04/2016 (Tuesday)
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18:00-20:00
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2
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300/240*
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RM-CPT-10
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Knowing Directors and Officers Insurance
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Chinese
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19/04/2016 (Tuesday)
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16:00-18:00
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2
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300/240*
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The CPD Training Hours of the above courses are applicable to members of the CIB and PIBA
*20% off for supporting units members
For further information, please contact Mr Tong at (852) 39709235 or email to: ttong@bmintelligence.com
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Ph.D in Economic and Finance in The Wang Yanan Institute for Studies in Economics , 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.
Overview of Xiamen University:
- Ranked sixth on China top ten scientific research institute (issued by Nature)
- Ranked top 20th in the 2013 Chinese University Alumni Association university ranking list.
- Finance, statistic and accounting programmes ranked 1st in China.
- Finance ranked 3rd in China on Network of China & education evaluation in China website ( Ranking of 2013)
- Have over 140 research institutes and more than 38,000 on-campus post-graduate students.
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.
Studies: Finance/corporate finance/ investment/ financial econometrics/ e-finance
Admission requirement: Hong Kong, Macao and Taiwan residents/ foreign residents with master’s degree or enroll in Xiamen University Master of Software Engineering Programme.
Tuition fee: RMB 150,000 (pay in three installments).
Degrees receive: PhD degree certificate and graduation certificate issued by Xiamen University
Duration: Four to seven years
The Advantages of Xiamen University – WISE Ph.D in Economics and Finance (designed for working professionals)
School of Economics ranked 2nd in the 2010 Chinese Postgraduates Education Evaluation Report.
- Complete the entire PhD programme in three to four years.
- PhD programme is interconnected with the Master of Software Engineering Programme, it will require less time to complete both programmes.
- Weekend classes, created a convenience environment for working professionals.
- Able to join Xiamen University Hong Kong Alumni Association after graduate to expand the career platform.
For further information, please visit our website: http://www.bmiptc.com. Or contact Mr. Tong at (852) 3970 9235 / ttong@bmintelligence.com.
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LATEST SUCCESSFUL PROJECTS |
Recently Successful IPO and Public Circular Cases of BMI Appraisals Limited: |
Valuation Projects |
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Company Name: China CBM Group Co. Ltd.
Stock code: 8270
Circular issue date: 17 November 2015
Project nature: Property Valuation and Business Valuation |
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Company Name: Universal Technologies Holdings Limited
Stock code: 1026
Circular issue date: 3 December 2015
Project nature: Property Valuation and Business Valuation |
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PROJECTS RECOMMENDATION |
Tailor-made 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 course 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.
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BMI Professional Training Centre - Economic Conference Room Rental Package
BMI Professional Training Centre is pleased to offer you a multi-purpose and convenient conference room which is near Wan Chai MTR station for rent. It is the best place for organizing event, such as seminar, workshop, training course, or press conference.
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Hong Kong real-estate project and house for lease
Infiniti Pacific Properties Limited is an international real-estate service provider. We provide a full range of real estate services, spanning from corporate occupier services to strategic consultancy, project appraisal, valuation, feasibility studies and market research, property management, facilities and asset management and transactional services. Following are some of our promoting projects.
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Po Yue Yuk Bldg |
Square Street No.10 |
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- GA:1,463s.f.
- SA:1,114s.f.
- 2 bedrooms (1 ensuite), close to escalator
- Balcony with open view, modern interior design
- One unit per floor, private lift key to unit
- With 1 car parking space (Add $2K)
- Asking Price HK$20.8M
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- GA:600s.f.
- SA:477s.f.
- 1 bedroom, open kitchen
- Good renovation with private roof
- Good location for investment
- Asking Price HK$7.5M
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Beautiful Dream House - Clear Water Bay |
The Legend, Tai Hang |
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- GA:2,100sf
- SA:2,100sf
- 4 beds (2 ensuites), 2 balconies, 4 baths, study room
- 3 terraces, private huge gdn, swimming pool & roof top stunning full seaview, high privacy, direct pathway down to the seaside, large uncovered CP
- Asking Price HK$180M
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- GA:1,908sf
- SA:1,385sf
- 4 beds (1 ensuite), 2 baths, maid's room, balcony
- Extensive views over the city to distant harbour
- Fully furnished, club facilities
- Asking Rent HK$85K
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The Signature, Jardine's Lookout |
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- GA: 2,016ft
- SA: 1,566ft
- 4 beds (2 ensuites), 3 baths, maid's room, 1 carpark
- Balcony with dynamic views of city and harbour
- Floor-to-ceiling windows at the living & dining room to the balcony
- Asking Rent HK$98K
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CONTACT US |
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Published By:
BM Intelligence Group
33rd Floor, Shui On Centre, 6-8 Habour Road, Wanchai, Hong Kong
Tel: (852) 2802 2191
Fax: (852) 2802 0331
E-mail: info@bmintelligence.com
Website: www.bmintelligence.com
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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Copyright © 2016, BM Intelligence Group. All Rights Reserved. |