Latest news with #Leung
RTHK
3 days ago
- Sport
- RTHK
High praise given to fencing test event at Kai Tak
High praise given to fencing test event at Kai Tak Ms Leung said the Kai Tak Arena allows athletes to perform better. Photo: RTHK Participants at a fencing competition, that is also a test event for the 15th National Games, gave high praise to the Kai Tak Arena where the tournament is being staged. The two-day Challenge Cups Fencing Championships that kicked off on Saturday features over 500 athletes in the men's and women's épée, foil and sabre competitions. A 16-year-old participant, surnamed Leung, said the Kai Tak Arena is much bigger than the usual venues where fencing competitions are staged. "I think the biggest difference is the atmosphere," she said. "For example, just now spectators were yelling the names of athletes to support them. When we hear that, it will allow us to relax, and we can know that friends are here to support us." She added the lights are also brighter, which allows competitors to see more clearly. A man surnamed Chung and his family were among those watching the event. He told RTHK he was there to support his friend. Chung said all facilities are very new and clean, and the lighting performance that was arranged at the venue provided spectators with an enriching experience. The épée competition was concluded on the same day, while the foil and sabre tournaments will be staged on Sunday.
Leaders
5 days ago
- Business
- Leaders
Saudi Arabia, Hong Kong Boost Cross-Border Financial Ties
Saudi Arabia and Hong Kong may soon approve additional cross-border financial products. On Thursday, an exchange-traded fund tracking Saudi government bonds began trading in Hong Kong. This marks the first fixed-income fund in the territory to provide such exposure. Authorities from both regions announced plans to deepen financial ties amid growing trade uncertainties. The newly launched exchange-traded fund represents a significant milestone in Hong Kong's financial market. Julia Leung, CEO of Hong Kong's Securities and Futures Commission, highlighted more products in development. These include a sharia-compliant Sukuk bond and a real estate investment trust. Leung expressed confidence in the cross-listing of various financial products during the Capital Markets Forum. Hong Kong introduced Asia's first ETF tracking Saudi equities in November 2024. This initiative aims to boost capital flows as diplomatic relations between Beijing and Riyadh strengthen. Over recent years, Hong Kong has actively pursued a listing for Saudi Aramco. Such a listing would provide investors in the Asian financial hub with easier access to the Saudi state oil giant. Broadening Financial Ties Amid Global Trade Tensions Hong Kong's Financial Secretary Paul Chan emphasized opportunities beyond stocks at the forum. He noted potential for bonds, derivatives, and other financial products between Hong Kong and the Middle East. This expansion of cross-border products comes amid rising trade tensions. In April, U.S. President Donald Trump imposed sweeping tariff measures, disrupting global markets. A U.S. trade court recently blocked these tariffs from taking effect. The court ruled that the president overstepped his authority by imposing broad duties on imports. When asked about navigating trade deal uncertainties, Chan remarked that the court's move would 'at least bring President Trump to reason.' Strengthening Economic Partnerships The collaboration between Hong Kong and Saudi Arabia signifies a strategic effort to enhance financial integration. By introducing innovative financial products, both markets aim to attract diverse investment opportunities. This partnership not only strengthens bilateral economic ties but also positions both regions as key players in the global financial arena. As global trade dynamics continue to evolve, the proactive measures taken by Hong Kong and Saudi Arabia set a precedent. These initiatives demonstrate a commitment to fostering economic resilience and growth. Investors and market participants can look forward to a broader range of financial instruments. These developments will undoubtedly contribute to the overall stability and prosperity of the global financial landscape. Short link : Post Views: 16
The Star
5 days ago
- Business
- The Star
Hong Kong, Saudi Arabia may approve more cross-border financial products
HONG KONG/SYDNEY: Hong Kong and Saudi Arabia are considering allowing more cross-border financial products, authorities said on Thursday, as the two markets seek to deepen financial ties amid rising trade uncertainties. An exchange-traded fund tracking bonds issued by the Saudi government started trading in Hong Kong on Thursday, the first fixed-income fund listed in the territory to offer such exposure. Apart from the fund, more products - such as a sharia-compliant Sukuk bond and a real estate investment trust - are "in the pipeline" for approval to trade between Hong Kong and Riyadh, said Julia Leung, CEO of Hong Kong's Securities and Futures Commission. "We're very comfortable in the cross listing of whatever products," Leung told those attending the Capital Markets Forum organised by Saudi exchange operator Tadawul Group. Hong Kong launched Asia's first ETF tracking Saudi equities in November 2024, as the two markets look to spur capital flows as diplomatic relations warm between Beijing and Riyadh. In the last few years, Hong Kong has been seen wooing Saudi Aramco to list in the city, a deal that would allow investors in the Asian financial hub easier access to the Saudi state oil giant. Apart from stocks, there are opportunities for bonds, derivatives and other financial products between Hong Kong and the Middle East, Hong Kong's Financial Secretary Paul Chan said at the forum, when asked about the progress of a potential listing of Saudi Aramco. The expansion of cross-border products coincides with rising trade tensions after U.S. President Donald Trump unleashed sweeping tariff measures in April roiling global markets. A U.S. trade court on Wednesday blocked the tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. Asked how countries and companies should navigate the uncertainty of trade deals following the U.S. court block, Chan said the move would "at least bring President Trump to reason". - Reuters
Technical.ly
19-05-2025
- Business
- Technical.ly
University of Delaware Horn Entrepreneurship Siegfried fellows meet with Vera Leung & Jim Clifton
Recently, the Siegfried Fellows program from the University of Delaware Horn Entrepreneurship department brought two impressive leaders to campus: Vera Leung, content and creative senior director at the International Rescue Committee, and Jim Clifton, chairman of Gallup. In their unique ways, each of them brought to the campus transformative perspectives on leadership, creativity and decision-making, leaving a lasting impact on students and faculty alike. Siegfried Fellows is a highly selective, cohort-based, 10-month immersive program for student leaders. Programming is designed to expand and deepen understanding of oneself as a leader, promote connections with and learning from regional leaders and inspire initiative for positive impact. Fellows are emerging leaders who seek to develop and apply entrepreneurial mindsets, such as resiliency in the face of setbacks and creative problem solving, while also cultivating character virtues in themselves. Vera Leung: Leading with empathy and storytelling Vera Leung's visit was a masterclass in the power of storytelling as a leadership tool. As a cause-driven creative leader, Leung emphasized the importance of crafting narratives rooted in dignity and humanity. Her work at the International Rescue Committee ensures that every data point reflects a human story, reminding leaders to center empathy in their decision-making. Leung shared how storytelling can empower not only individuals but also entire systems. 'The most compelling stories center on people's humanity,' Leung said . 'Leaders don't just amplify voices; they listen deeply and tell the truth with care.' This insight resonated deeply with attendees, particularly those aspiring to purpose-driven careers. Kayla Barr, a student who had the chance to connect with Leung over lunch, reflected on the experience: 'Hearing her story and achievements was truly inspiring and gave me valuable guidance as I plan to pursue a similar path in the future.' Jim Clifton: The science of leadership decisions Jim Clifton brought a data-driven perspective to leadership, drawing from his decades of experience at Gallup. Known for innovations like the Gallup Path and Gallup World Poll, Clifton underscored the importance of using metrics to guide decisions. He challenged attendees to think critically about how leaders can eliminate uncertainty by asking better questions and trusting data-informed intuition. 'Great leaders don't guess; they measure,' Clifton said. He encouraged students to focus on clarity by understanding what people truly need and using data to illuminate their path forward. This approach is particularly relevant in today's rapidly evolving world, where artificial intelligence and analytics are reshaping industries. Javier Cruz-Mendoza captured the essence of Clifton's message: 'I enjoyed how we spoke about our own goals to further humanity and thinking about the near future and the use of AI to help us in our leadership and entrepreneurial ventures later on in life.' Key leadership takeaways Both engagements highlighted essential qualities for effective leadership: Empathy as a foundation for leadership: Leung's emphasis on storytelling rooted in dignity reminds leaders that behind every strategy or decision is a human impact. Data-driven clarity: Clifton demonstrated that bold decisions must be informed by rigorous measurement and analysis, not guesswork. These visits exemplify the Siegfried Fellows program's mission to connect students with visionary leaders who inspire thoughtful action and meaningful change. By engaging with leaders like Vera Leung and Jim Clifton, students are equipped with tools to navigate complex challenges while staying true to their values.
Yahoo
16-05-2025
- Business
- Yahoo
Enforcement Notification - Surrey bookkeeper cooked the books and underreported almost $1 million in GST/HST
VANCOUVER, BC, May 16, 2025 /CNW/ - The Canada Revenue Agency (CRA) announced that Aeddy Leung of Surrey, British Columbia, received a conditional sentence order for two years less a day and two years probation on April 15, 2025, at the Provincial Court of British Columbia (Robson Square). Leung pleaded guilty to willfully evading remittance tax and to making false statements in Goods and Services Tax (GST)/Harmonized Sales Tax (HST) returns. A CRA investigation revealed that Leung, as the bookkeeper of the Quality Hotel Airport (South) and the Coast Vancouver Airport Hotel, intentionally filed false GST/HST returns and failed to file GST/HST returns as required for the 2014-2018 reporting periods. This resulted in the evasion of $987,863 in net GST/HST that was owed by the hotels. All case-specific information above was obtained from the court records. The CRA would like to acknowledge the significant contribution of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to this investigation. Combatting tax evasion and other financial crimes is important for the protection of Canada's tax base. The majority of Canadians pay their taxes in full and on time. To ensure that the tax system is fair for everyone, the CRA makes sure that people who try to avoid or evade paying taxes are held accountable. Willfully failing to follow Canada's tax laws could result in serious consequences, including reassessments, the imposition of civil penalties, criminal tax investigations and prosecutions resulting in court imposed fines, jail time and a criminal record. In addition to the court imposed fines and/or jail sentences, convicted taxpayers have to pay the full amount of tax owing, plus related interest and any penalties assessed by the CRA. The CRA is dedicated to maintaining the integrity of Canada's tax system, thereby contributing to the social and economic well-being of Canadians. The CRA continues to aggressively pursue tax evasion, and false claims with all the tools available to it. The CRA works to make sure that individuals and businesses report all income earned and only claim benefits to which they are entitled, so that important benefit programs can be administered to those who need them. Any individual or business who underreports income, or claims losses or benefits to which they are not entitled may have to repay the benefit amounts and may be subject to other possible action. The CRA has set up a free subscription service to help Canadians stay current on the CRA's enforcement efforts. Associated links Reporting suspected tax or benefit cheating in CanadaVoluntary Disclosures Program Contacts Media RelationsCanada Revenue Stay connected Follow the CRA on Facebook Follow the CRA on X – @CanRevAgency Follow the CRA on LinkedIn Follow the CRA on Instagram Subscribe to a CRA electronic mailing list Add our RSS feeds to your feed reader Watch our tax-related videos on YouTube Listen to our Taxology podcast SOURCE Canada Revenue Agency View original content: Sign in to access your portfolio
