Lingnan University hosts ‘Creating an Impact: Lingnan Transfer Pricing Forum’
24 Sep 2019
To share the academic research findings conducted by Lingnan University 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 of Lingnan University held the ‘Creating an Impact: Lingnan Transfer Pricing Forum’ on 20 September, to facilitate sharing of the development updates in the related fields.
The forum was hosted by Prof Zhang Yue, Associate Professor of Department of Accountancy of Lingnan University. Prof Joshua Mok Ka-ho, Vice-President of Lingnan University and Prof Nancy Su, Head of Department of Accountancy of Lingnan University were invited to deliver welcome speeches. During the keynote speech session, Mr. Kenny Wei, Partner at Transfer Pricing Services of EY Hong Kong introduced the laws related to the transfer pricing practice in Hong Kong, and shared his analysis on the cases in both Hong Kong and Mainland China. Prof Agnes Lo, Associate Professor of Teaching, Department of Accountancy shared an overview of the transfer pricing practice in Mainland China and how the practice would be affected by a series of economic and political factors. She explored how a company could protect the business interests of its shareholders, investors, and the general public. She also discussed the impact of the disclosure of transfer pricing method on the company's stock price. About 75 industry practitioners, alumni, students and faculty members attended the forum.
Prof Richard Stanley Simmons, Professor of Teaching, Department of Accountancy, who specialises in the international and Hong Kong taxation, joined the round table discussion with Mr William Wong, a Senior Tax Manager at a Big Four firm, Mr CF Wong, head of Singapore-listed GP Industries and Dr George Zeng, Chief Financial Officer of Konfoong Materials International Company Limited. During the session, they discussed key points on 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 their views on questions about the Mainland transfer pricing practice, the impact of transfer pricing on other empirical operations of companies other than taxation, the establishment of think tanks, the increasing transparency of transfer pricing on various aspects of the company, and the internationalisation of accounting education. At the end of the forum, Prof Leng Mingming, Dean of the Faculty of Business of Lingnan University, delivered a closing speech and presented souvenirs to the guests.