On behalf of the Board of Directors, I would like to deliver the following report:

Trade Issues
We had participated in the regular monthly Trade Association Gathering organized informally by six insurance intermediary bodies to share views of common interest.

Also, we have duly expressed our view to Insurance Commissioner and Hong Kong Federation of Insurers on the various Medical Insurance products and the prevalent market scenario.

Community Services
In response to invitation from HKFI on the charity function, “Soccer King” Charity Match 2007 in co-ordination with the Hong Kong Community Chest and The Metro Radio, HKCII had participated on such a meaningful event with our newly-established Soccer Team.  Having obtained the utmost support from our Executive Board Members and insurance colleagues, HKCII managed to raise HK$20,000 for this occasion to donate to The Hong Kong Community Chest.  We thank Zurich Insurance Company for their generous sponsorship to HKCII on our Soccer Team uniforms.

We had arranged charity activities with Fu Hong Society on their Annual Sports Day in November and presented our charitable donation.

Public Relationship and Fellowshiop
We had successfully held our Inauguration Ceremony for the incumbent Executive Board Members in April 2007.

On external affairs, we had organized two China visits and one Cross-straits conference.

We had attended Guangzhou visit with other fellow Insurance Intermediary Associations and met with Guangzhou Government Officials, namely Guangzhou Financial Regulatory Commission, Insurance Regulatory Commission and Trade Associations, Representative of various Insurance Companies.

We had organized visit to Dongguan, PRC with China PingAn Insurance to exchange the latest insurance development of our respective territories.

Mr. Geoffrey Lung, IPP, Mr. Joseph Sit, 2^nd Vice President and myself had attended the Cross-Strait Insurance Conference in Taipei, Taiwan in November 2007.  The venue provided ample opportunities for delegates from China, Taiwan, Macau and Hong Kong to exchange market intelligence of their respective territories. 

We had organized ten Last Friday Fellowship Gatherings and Drink Parties with nice turn-up.
To further promote fraternity among insurance practitioners, HKCII had established a sport and recreational sub-committee with the aim to organize Soccer matches and various other sport activities for different insurance organizations and delegations in Hong Kong as from November 2007.

We had hosted the Pi Yi Chong Golf Tournament in September and would like to express our gratitude to Mr. Pi Yi Chong for his generous sponsorship.

Membership
We had recruited twenty-two new members among two of them are full members and one Corporation Associates, fourteen Individual and five individual Associates.

Publication
We had successfully published the 2006 Year Book.  Thank you for the hard work of our ad hoc editorial working group as well as our friendly colleagues who gave support to our Year Book.

We had delivered our Monthly Bulletin with President’s Message to members regularly to disseminate the latest information of our industry.

Finance
We manage to maintain a sound and strong finance position at all times.

Total Cash on hand up to December 2007 is HK$458,010.

Counsellor Meeting
We had held Councilor Meetings to exchange market intelligence and reviewed our Chamber’s future strategies.  We had invited Mr. Peter Tam, Executive Director of Hong Kong Federation of Insurers as our guest.

Token of Appreciation
I would like to take this opportunity to thank you for all of your kind support and patronage especially to our incumbent fellow Executive Directors.

Roger Tsang
President 2007

Copyright c 2007 Hong Kong Chamber of Insurance Intermediaries.   All Rights Reserved