China: Blue Umbrella dishes the dirt on dirty firms

“HONG KONG—In a rundown block in an industrial section of Hong Kong, rows of researchers at a two-year-old firm called Blue Umbrella are trawling through documents such as corporate records, blogs and government watch lists. Their goal: to look for accounting discrepancies or investigate the financial claims of Chinese businesses.”

This WSJ article features this Canadian Chamber member, founded by former Chamber Executive Director Allan Matheson.  Video features former YP (all grown up now) Michael Cheng.

Get the story and video here.

People: Who are Canadians Abroad? You?

Canadians have always had mixed feelings about their fellow citizens who choose to live outside of the country. For more than three decades, concerns about “brain drain” and the liabilities associated with Canadians abroad have shaped public debate about Canadian emigration.  This research report aims: to determine the number and demographics of Canadians living abroad for periods of more than one year; better understand the attachments these Canadians have to Canada; ascertain how Canadians feel about citizenship rights, taxation and consular services for Canadians abroad; and identify pressing policy issues and recommend possible solutions.”


The Asia Pacific Report here.

Where are Canadians abroad?  Click here to find out. 

 

The Globe and Mail has been examining the issue of YOU!  Canadians Abroad.

 

Canadian views on policies affecting Canadians abroad

 

The Globe and Mail takes a stance. 

 As nation of immigrants, Canada must now confront its emigrants

 Canada needs to engage its citizens living abroad

 

 

 

Insurance, Entertainment: Cirque de Soleil, Sun Life tie up!

Cirque de Solieil and Sun Life have (appropriately) teamed up.  Read about this unlikely alliance between a rock solid insurance firm and the best circus in the world!

 Read about the deal here!

The global deal around ‘Iris’ is only part of the story.  They have also teamed up in Manila with the launch of the new show “Varekai”.  Click here for more.

Real Estate: Canadian Housing Prices out of Control?

“The Canadian Real Estate Association estimates the national average price of homes sold in May was 376,817 Canadian dollars, or about US$384,510, up 8.6% year-to-year. That is being pushed up in part by historically high sales prices in exclusive Vancouver neighborhoods, and broad-based gains in Toronto. But prices excluding Vancouver were still up 5.6% year-to-year.

The average home price in Vancouver in May, meanwhile, was C$831,555, which was a 25.7% jump from May 2010. In Toronto, prices were up 8.7% to C$446,593.”

It begs the question:  So what next?  The analysis provided by the WSJ provides some insight into this question.

Get the full and failry lengnthy story here.

China: Translation firm expands from mining to include finance

Transeam expands into the financial sector 


(Hong Kong, 22 Jun 2011) – Transeam Mining Translation has welcomed 10 additional translators to their team of 60 in Wuhan. These new staff join an existing global team situated across China, Hong Kong, Australia and the U.S. They form part of Transeam’s expansion into the financial sector, as well as meeting the ever-expanding demand for quality mining industry translation.

Transeam has been operating exclusively in the mining sector since 2004, translating highly technical reports such as feasibility studies and geological reports, as well as circulars and IPO material for mining companies. Alvin Ngan, Managing Director, explains, “We have been performing financial sector translation for a number of years as a lot of mining material contains financial aspects. We decided to increase our capacity to cater for growing demand in this area and also because demand for our core [mining] services over the past year has been steadily outstripping supply.” 

There is a strong demand for Transeam’s services due to their technical capability and proprietary processes that enable them to deliver premium quality services, especially due to the growing awareness of how poor translation can impact valuations.

About Transeam Mining Translation


Transeam is the industry leader in English-Chinese / Chinese-English translation for the mining and resources industry. With specialist knowledge, dedication towards clarity and accuracy, as well as extensive China experience, Transeam provides services to multinationals in the resources and financial sectors, including corporations listed on the NYSE, NASDAQ, ASX, HKEx and SGX.

Please visit www.transeam.net for more information about the company and its services, or email info@transeam.net.

Education: PolyU Innovation & Entrepreneurship Global Student Challenge 2011 – Winners!

Poly U, a Chamber Corporate member, hosted a massive global business plan competition with participation from 191 institutions (secondary schools and university) representing 27 countries. A total of 60 teams (30 per division), including a team from Vancouver Island University in Canada, were sponsored for their trip to Hong Kong and spent their once-in-a-lifetime experience with their peers from all around the world on 11-17 June 2011. 

List of participating teams, final 6 and winners can be found here.

Snapshot of contestants’ happy moments can be found here.

Banking: BMO rolls out the red carpet for women clients

“Many women feel they are talked down to in this industry,” Charyl Galpin, chief executive of BMO Nesbitt Burns, said at a panel discussion with senior executives from the bank, all of them women.

The executives said an obvious mistake that financial advisors make is talking past a woman to her husband, with one study finding that the first thing many widows do when their husband dies is to fire their financial advisor.”

Well, my financial advisor is my wife, so that’s not a worry for me.  Get the full story here.

On another note, BMO Nesbitt Burns is the only major Canadian financial institution with a woman CEO.  The same goes for Canadian banks in Hong Kong!