THE HONG KONG INSTITUTE OF SURVEYORS

Code	:	2016024
Event Name	:	Real Estate Investment Trusts (REITs) – Latest trend and opportunities
CPD Code	:	Formal Events
Speaker	:	Mr Derek Cheung
Event Date	:	2016-05-18
Event Time	:	6:30 pm - 8:30 pm
Registration Closing Date	:	2016-05-04
CPD Hour(s)	:	2
Divisional PQSL Hour(s)	:	2
Venue	:	Surveyors Learning Centre, Room 1207,12/F, Wing On Centre, 111 Connaught Road Central, Sheung Wan, Hong Kong
Division	:	GPD
Organizer	:	GPD
Fee	:	HK$150 for member; HK$300 for non-member (HK$30 walk in surcharge for all pricings listed)
Priority	:	GPD Members; First-come-first-served
Language	:	English and/or Cantonese
Details	:	Our speaker, Mr. Derek Cheung, is the Chief Executive Officer of New Century Asset Management Limited, the manager of New Century Real Estate Investment Trust (HK stock code 1275), which is the first listed China hotel REIT in the world and was rated the 7^th best managed Chinese company under the FinanceAsia’s Best Managed Companies – China Poll 2014. New Century REIT is sponsored by New Century Group, the largest privately owned hotel group in China, and The Carlyle Group, a global alternative asset manager with US$193 billion in assets under management as of 30 June 2015. New Century Group currently has about 166 star-rated hotels in operation or under development in China and was ranked 26^th in 2014 among the world’s hotel groups by Hotels magazine. Having proven its execution capability through acquiring two 5-star hotels separately in the first and the second year post IPO, New Century REIT’s portfolio comprises six 5-star and one 4-star hotels, located in Hangzhou, Shanghai, Ningbo, Qiandao Lake, Kaifeng and Changchun. Beside organic growth, New Century REIT will continue to grow through acquisitions, leveraging both on New Century Group’s significant hotel pipeline and a large pool of hotels that are expected to become available for sale globally in the next few years. The talk shall cover · What are REITs: Definition, key features, characteristics, regulations and constraints etc · REITs - A key element for real estate ecology · Why HK REITs market development has been slow? · Growth driver for REITs in the world · Future of HK REITs · REITs market development in China
Payment	:	HKD 150
Face-to-Face/Zoom	:	Please refer to the remarks

1.	The registration fee is non-refundable and non-transferrable.
2.	A registration number will be generated for each application. The registration number is unique and non-transferrable. Members cannot proceed to payment if they do not apply the CPD event and obtain the registration number through the HKIS website.
3.	Payment can be made by cheque or by Credit Card (Shanghai Commercial Bank Ltd. / American Express). Cheques should be made payable to “SURVEYORS SERVICES LTD.”. A separate cheque or Credit Card payment instruction form is required for each event/ application. You should write down the registration number and HKIS membership number at the back of your cheque. The HKIS Secretariat will update the payment status and your application will be confirm when HKIS Secretariat receive your payment.
4.	Payment by PayPal is also acceptable. Please register in our web site before the closing date for each event. Please be reminded that if you cannot settle the payment within 7 days from the date the HKIS Secretariat accepted your registration, your registration number will be invalid and your application will be rejected. Your name will not be included in the registration list and you cannot attend the concerned CPD event. (Not applicable for site visit / social event / joint event with other organisation)
5.	An official receipt which must be presented at the event, will be available for downloading from the "CPD Profile" under Members Corners when payment is received.
6.	Incomplete or wrongly completed registration will not be processed.
7.	In the event a Typhoon Signal No. 8 or above or Black Rainstorm Warning is hoisted, the event will be postponed and a new arrangement will be announced. Should the aforesaid warnings be lowered 4 hours before the event, the event will proceed as normal.
8.	If you have not received any reply from HKIS Secretariat within 7 days of the event, you may call the Secretariat at 2526 3679 to check the progress of your registration.
9.	The HKIS reserves the right of final decision and interpretation in the case of any disputes.

1.	I confirm that I fully understand and accept the risk of joining the above visit. Under no circumstances shall The Hong Kong Institute of Surveyors ("HKIS"), their staff or agents be held liable for the consequence of any accidents whether or not they are caused by the negligence of the HKIS, their staff and/or agents.
2.	Members participating in the above visit shall be in good health condition.
3.	While the HKIS has arranged Group Personal Accident insurance for members joining the above visit, members who have been accepted for joining the above visit can consider procuring an appropriate insurance policy to cover their own risks before attending the event.
4.	Claims related to COVID-19 and/or pandemics are excluded under the insurance policy procured by the HKIS.