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In order to cultivate young people into outstanding talents in the industry and contribute to society, CWK Global has launched the CWK University Program. Through a variety of activities, we provide guidance, support, and inspiration to students, aiming to foster their comprehensive development. About the CWK University Program The CWK University Program not only focuses on the academic development of students but also on helping them equip themselves and prepare for their future engagement in society. We provide various training and internship opportunities for students to learn practical skills and gain valuable experience in a real work environment. Students participating......
- April 19, 2024
- Posted by: reactdigi
- Category: News
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CWK Global Snapshot: Enterprises are fond of fortune, CWK Global helps you “get it in the right way”
Background In this era, the concept of “Dao” (道) goes beyond merely legality and compliance. It also includes the need to contribute to society and the environment, aligning with the mission of global sustainable development to achieve both fame and fortune. The Path of the New Era According to the survey results, as of October 2022, in response to the frequent extreme weather events in recent years, more than 130 countries worldwide have pledged to achieve net-zero emissions by 2050, to control global warming within 1.5 degrees Celsius. In fact, environmental, social and governance (ESG) issues and corporate sustainability are......- March 28, 2024
- Posted by: reactdigi
- Category: News
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CWK Global hosted a seminar on the 5th of March together with the Raffles Family Office and HKCPDA. This seminar aimed to discuss how to turn carbon neutrality into measurable actions with an Environmental, Social and Governance (ESG) strategy. Discussion on Several Topics about Green Issue We were so honored to have Dr. William Yu, Chief Executive Officer of the World Green Organisation (WGO), as the Speaker of the seminar. We also had Mr. Leo Lai, Managing Director of Raffles Family Office, as the Moderator. Dr. Yu founded the World Green Organisation, a green NGO in 2012. He has extensive......
- March 15, 2024
- Posted by: reactdigi
- Category: News
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CWK Global Snapshot: Key Changes on HKAS 1 and HKFRS Practice Statement 2
BACKGROUND In April 2021, the Hong Kong Institute of Certified Public Accountants issued Disclosure of Accounting Policies, whichamended HKAS 1 Presentation of Financial Statements and HKFRS Practice Statement 2, the amendments targeted to: provide more guidance for companies to decide what accounting policy information should be disclosed require companies to disclose their material accounting policy information rather than their significant accounting policies apply the concept of materiality to accounting policy disclosures EFFECTIVE DATE The amendments to HKAS 1 on the Disclosure of Accounting Policies are effective for annual reporting periods beginning on or after 1 January 2023, with early application......- March 1, 2024
- Posted by: reactdigi
- Category: News
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The Hong Kong Civil Servants General Union held a grand event called the “Seminar on Civil Servants Supporting the Policy Direction of the SAR Government” to celebrate the union’s 45th anniversary. The event aimed to invite several outstanding political figures to share their experiences and insights, encourage the participants to actively equip themselves in the new era and work together to promote effective political governance. Mr. Xavier Chan, Managing Partner of CWK Global, was also present to support this event. The seminar invited four outstanding speakers. They are Lawyer Nicholas Chan, MH, JP, Vice Chairman of the Liberal Party and......
- February 26, 2024
- Posted by: reactdigi
- Category: News
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CWK Global Snapshot: SFC Quarterly Report – Revealing Market Trend Through Financial Data Analysis
BACKGROUND The Securities and Futures Commission (SFC) has released its Quarterly Report for the period of July to September 2023, highlighting significant regulatory work and market data. Notably, the report focuses on the asset management sector, with exchange-traded funds (ETFs) demonstrating positive performance. ETF PERFORMANCE AND MARKET DATA Hong Kong-listed ETFs experienced strong net inflows of $16.2 billion, and their average daily turnover (ADT) increased by 12% compared to the previous quarter, reaching $14.8 billion. The report also indicates that as of the end of September, there were 175 SFC-authorised ETFs with a collective market capitalization of $369.5 billion. ......- January 31, 2024
- Posted by: reactdigi
- Category: News
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CWK Global shares tax knowledge about digital nomads with Ming Pao
Mr. Xavier Chan, Managing Partner of CWK Global, and Ms. Evy Wong, the Principal Partner of the Tax & Advisory Department of CWK Global, recently participated in an interview with Ming Pao regarding tax issues related to digital nomads. Mr. Xavier Chan highlighted that digital nomads, as an emerging lifestyle, have some grey areas in terms of taxation. Ms. Evy Wong pointed out that tax requirements and types vary in different regions, and digital nomads need to understand whether they need to pay taxes in Hong Kong. Ms. Evy Wong also suggested individuals check whether their respective locations have signed......- January 25, 2024
- Posted by: reactdigi
- Category: News
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BACKGROUND On 24 March 2023 The Stock Exchange of Hong Kong Limited (“Exchange”) has issued consultation conclusions on the NewSpecialist Technology Company Listing Rules to take effect on 31 March 2023. A new Chapter 18C (Specialist Technology Companies) has been added into the Main Board Listing Rules. This is the expansion of Hong Kong’s listing framework for Specialist Technology Companies seeking a listing on the Exchange pursuant to Chapter 18C of the Main Board Listing Rules. This new route will support some of the most innovative and progressive companies of the future (最具創新性和未來進步的企業).The Exchange welcomes applications from issuers operating in......
- January 22, 2024
- Posted by: reactdigi
- Categories: News, Uncategorized
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In-depth analysis of the new development of foreign-sourced income exemption (FSIE) with CWK Global
Recently, there have been new developments in the foreign-sourced income exemption (FSIE), which has various impacts on the market. Recognizing that the new FSIE regime is not widely known, Ms. Evy Wong, the Principal Partner of the Tax & Advisory Department of CWK Global, was invited to attend two seminars earlier and provided an in-depth analysis of the FSIE changes and strategies for adapting to the new rules. One of the seminars was held by CWK Global and Hang Seng Bank at the Hang Seng Business Center in Wan Chai, consisting of online and offline formats. Another seminar was held......- January 9, 2024
- Posted by: reactdigi
- Category: News
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SUBMISSION OF ANNUAL FINANCIAL RETURNSFOR BVI COMPANIES UNDER THE NEW ACT “2022 BVI Business Companies (Amendment) Act” and “2022 BVI Business Companies (Amendment) Regulations” (the “NewAct”) came into effect on January 1, 2023. The New Act introduces a requirement to submit Annual Financial Returns to the Registered Agent for archival purposes. BVI companies with a fiscal year based on the calendar year must submit their Annual Financial Returns to the Registered Agent for archival by September 30, 2024. Timely Submission Annual Financial Returns must be submitted within 9 months after the end of each financial year. Confidential Archiving Financial statements......
- December 29, 2023
- Posted by: reactdigi
- Category: News