Department of Accountancy hosts 'Creating an Impact: Lingnan Transfer Pricing Forum'
To share Lingnan University’s research findings with the accounting industry, and to provide practitioners and professionals with an understanding of “transfer pricing”, one of the key topics of the industry, the Department of Accountancy held the Creating an Impact: Lingnan Transfer Pricing Forum on 20 September, to discuss development updates in related fields. About 75 industry practitioners, alumni, students and faculty members attended the forum.
The forum was hosted by Prof Zhang Yue, Associate Professor of the Department of Accountancy. Prof Joshua Mok Ka-ho, Vice-President, and Prof Nancy Su Lixin, Head of the Department of Accountancy, delivered the welcoming speeches.
During the keynote speech session, Kenny Wei, Partner at Transfer Pricing Services of EY Hong Kong, spoke about the laws relating to transfer pricing practices in Hong Kong, and gave his analysis on cases in both Hong Kong and Mainland China.
Prof Agnes Lo Wai-yee, Associate Professor of Teaching, Department of Accountancy, gave an overview of transfer pricing practices in Mainland China and how they could be affected by a series of economic and political factors. She reviewed how a company can protect the business interests of its shareholders, investors and the general public, and also discussed the impact of the disclosure of its transfer pricing method on a company’s stock price.
Besides, Prof Richard Simmons, Professor of Teaching, Department of Accountancy, who specialises in international and Hong Kong taxation, joined the round table discussion with William Wong, a Senior Tax Manager in a Big Four firm, C F Wong, head of Singapore-listed GP Industries, and Dr George Zeng, Chief Financial Officer of Konfoong Materials International Company Limited. They discussed key points in transfer pricing from the aspects of ethics in accounting and taxation, experience in the Mainland and asset restructuring.
In the Q&A session, the guests exchanged views on Mainland transfer pricing practices, the impact of transfer pricing on empirical operations of companies other than taxation, the establishment of think tanks, the increasing transparency of transfer pricing, and the internationalisation of accounting education.
At the end of the forum, Prof Leng Mingming, Dean of the Faculty of Business, delivered a closing speech and presented souvenirs to the guests.