AGM2025: Chairman Statement 2024-2025 (1)

Distinguished Guests, Members, Ladies and Gentlemen:
Welcome to the HKCCMA Annual General Meeting 2024/2025! In addition to introducing HKCCMA's achievements last year, we will also announce the winner of CMEA (Credit Management Excellence Award).

At this point, my sincere thanks to the 2024-2025 Committee Members for their loyalty and contribution provided to this Association.

• The 2024-2025 members of the Executive Committee were as following:

➤Jeffrey Chan, FCCMA, CCP, FRM – Credit Risk Manager of Bank of China (HK) Ltd.

➤Anthony Cheng, FCCMA, NACD.DC, GRCA, CAMS-RM, CFCS, CSS, CIPM, CISM, FICA – Partner of Aquaseason Professionals Ltd.

➤Germany Heng, FCCMA, CCP, FCI, CCCE - Managing Director of Yu Fung Brokers Ltd.

➤Calvin Ho, FCCMA, - General Manager, Crif Hong Kong Ltd.

➤Raymond Lam, FCCMA, FCCA, Corporate Member – Executive Director of Omron Hong Kong Ltd.

➤Harry Ng, FCCMA, FHKICPA, AICAPA -  Senior Vice President of Coinage Hong Kong Co. Ltd.

➤Bobby Rozario, FCCMA, MCE – Managing Director of Alpha & Leader Risks and Assets Management Co. Ltd.

➤Ruby Tang, Corporate Member - Director of Dun and Bradstreet (HK) Ltd.

➤Peter Wong, Corporate Member – Executive Vice President of Total Credit & Risk Management Group

Officers:

➤Chairman: Bobby Rozario  

➤Vice Chairman: Germany Heng 

➤Secretary & Treasurer: Peter Wong 

Committee Chairs:

➤Membership: Jeffrey Chan 

➤Certification: Anthony Cheng, Harry Ng 

➤Annual Award: Ruby Tang 

➤Education: Calvin Ho, Raymond Lam 

➤Public Relations: Germany Heng 

➤Publication: Bobby Rozario  

Staff:

➤Director of Communication: Vina Leung

Web Master:

➤Web Master: Doris Ou

Monthly Executive Meetings

The Association maintains a panel of Honorary Advisors to help us resolve our daily issues in connection with various legal and related governance issues.

➤Mr. Neil Wood, Past Chairman and Past International Directors of ACA International and Past Chairman of the Institute of Mercantile Agents in Australia

➤ACA International, the leading international association of credit and collection professionals. Headquartered in Minneapolis, ACA serves members in the United States, Canada and 55 other countries worldwide.

➤Mr. Victor C. Y. Chan, a qualified solicitor, Partner of Victor Chan and Co., the Association's Honorary Legal Advisor.

➤Mr. Ricky J. F. Li, a qualified attorney in China, Partner of Alpha and Leader Law Firm, the Association's Honorary China Legal Advisor

Our Achievements

➤Education

➤Public Relations

➤Publication

➤Going Forward

• Our Achievement: Education
1) Career Talk for University Students

Chair - Calvin Ho, Raymond Lam

April 11, 2024 - Invited by The Hang Seng University of Hong Kong (HSUHK), HKCCMA recently presented a lecture at the university with the theme "Sharpen Risk Management Skills to Improve Competitiveness".  Dozens of students attended the lecture. HKCCMA Chairman Mr. Bobby Rozario, accompanied by Mr. Calvin Ho, Chairman of HKCCMA Education Committee, delivered an informative speech on risk control. Ms Wiwi Wu, senior credit analyst at Alpha & Leader, also shared her vast experience in the risk control sector.

• Our Achievement: Education
2) "The Power to Unlock AI in Credit Evaluation" 

Chair - Calvin Ho, Raymond Lam

Sept 26 2024 – Education Committee organized a highly informative workshop titled "Leveraging Artificial Intelligence (AI) in credit evaluation and risk management". A total of 30 members and guests joined the session, featuring a panel of three experts in the field – Dr. Francis Liu, Simon Kong, Raymond Lam and Calvin Ho (Moderator).

• Our Achievement: Education
3) "Enhancing Credit Risk Management and Debt Recovery Strategies"

Chair - Calvin Ho, Raymond Lam

Jan 16, 2025—The Education Committee hosted an insightful seminar, "Enhancing Credit Risk Management and Debt Recovery Strategies, " which attracted over 40 credit management professionals. Bobby Rozario presented the workshop, and Calvin Ho served as the Moderator.

Seminar highlights included :

➤The calculation of credit risks

➤The implication of managing DSO in cash flow management

➤The short, mid and long-term applications to improve credit control

➤The use of legal knowledge and negotiation skills in debt recovery

• Our Achievement: Public Relations
Chair – Germany Heng

GBA Credit Cooperation Seminar & Signing Ceremony of Credit Regulatory Standards

Nov 19, 2024 - The event brought together about 30 senior government officials and credit specialists from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to explore a new path for credit cooperation.   

Vice Chairman, Mr. Germany Heng joined together with the government officials and representatives from different credit institutions in the regions for the pilot opening. The event was held in Guangdong Shenzhen and organized by the Shenzhen Credit Promotion Association. HKCCMA was one of the representatives in drafting "The Standard for Third-Party Credit Investigations".

• Our Achievement: Public Relations
Chair – Germany Heng

Forum for Credit Service Operators

December 28, 2024 - HKCCMA Chairman Mr Bobby Rozario and Vice Chairman Mr Germany Heng attended a forum held on December 28, 2024, in Shenzhen. The event was initiated by Shenzhen Credit Promotion Association (Guangdong-Hong Kong-Macao Greater Bay Area Credit Development Alliance) to accelerate the growth of credit service institutions.  
Mr. Bobby Rozario, as a distinguished guest, engaged in roundtable discussions with industry peers on the mergers and acquisitions of credit institutions. This meeting deepened the connection between HKCCMA and mainland credit service institutions and laid a solid foundation for future collaborations.

• Our Achievement: Public Relations
Chair – Germany Heng

The 2nd Greater Bay Area Credit Forum

December 30, 2024 Chairman, Mr. Bobby Rozario, joined the 2nd GD-HK-MO Greater Bay Area Credit Forum 2024 on December 6, 2024. The Guangdong Credit Association (GDCA) hosted the forum, which gathered over 300 esteemed guests. Prof. Zhang Zheng, Lecturer of Beijing University, served as moderator and invited a panel of experts to voice their opinions on the "Application of Artificial Intelligence on Credit Management". Mr Rozario, one of the panelists, presented his view and shared his perspectives on the future development of credit.

• Our Achievement: Publication
Chair – Bobby Rozario

Resource Guide for Credit Management Competency Training

Co-Authors

➤Fax Lin 林 飛  
➤Richard Wang 王 強

➤Bobby Rozario 羅柏道

Editors:

➤Tom Lin  林嘉沅

➤Doris Ou 歐志瑩

Translations:

➤Alders Professional Translations Ltd
安迪氏专业翻译有限公司

HKCCMA's first Chinese publication, "Resource Guide for Credit Management Competency Training," has been published. This practical Guide, tailored for credit management practitioners, provides an in-depth analysis of the credit management environment in mainland China and practical and feasible credit management techniques and strategies. Whether you are a novice in credit management or a seasoned expert, this Guide will bring you unique insights and practical suggestions to help you succeed in the complex and ever-changing field of credit management.

The Guide consists of 12 Chapters:

Chapter 1 Credit Management and Credit Policy
Chapter 2 Payment Terms and Methods
Chapter 3 Credit Assessment
Chapter 4 Credit Decisions and Controls
Chapter 5 Recording and Measuring Receivables
Chapter 6 Collecting Payment
Chapter 7 Third-Party Mediation / Collection Services
Chapter 8 Third-Party Corporate Credit Investigation Services
Chapter 9 Export Credit
Chapter 10 Trade Credit Insurance and Factoring
Chapter 11 Tactics to deal with Overdue Receivables
Chapter 12 Credit Management Job Requirements and Recruitment

• Our Achievement: Public Relations
Chair – Germany Heng

The Public Relations Committee organized two TGIF events for members and guests in the second and third quarters of 2024. TGIF has long been a tradition of the Association, serving as an informal networking session where members and guests can share knowledge and experiences. It has become one of the most popular events among the members besides the AGM.