20 Oct 2026
Two Cases from Hong Kong's IP Financing Sandbox: A Patent and a Brand
香港知識產權融資沙盒｜知識產權估值與銀行 IP 貸款實務個案
Publications
I write regularly on valuation, capital markets, M&A and financial reporting. Alongside recent columns for The Enterprise Voice and HSBC Business Go, I authored a book (2010) and a long run of Moore Hong Kong “Transaction & Valuation News & Views”.
6 Oct 2026
AI Reads the Circulars: Transaction vs Valuation Equity and DLOC
AI 讀通函估值陷阱｜交易股權、估值股權與 DLOC 控制權水平辨析
22 Sept 2026
What Is Your Intellectual Property Worth? Valuation under Hong Kong's IP Financing Sandbox, with Two Worked Examples
香港知識產權融資估值：IVS210 準則與兩個真實模擬案例
21 Sept 2026
Guideline on Intellectual Property Valuation for Intellectual Property Financing in Hong Kong, Version 1
知識產權估值指引：適用於香港知識產權融資（第1版）
9 Sept 2026
Gatekeeping Valuation Quality in Hong Kong (Special Issue) | After IVS 2025
《香港估值質素把關》特別篇｜IVS 2025 生效之後｜解釋、論證、記錄，香港估值報告做到了多少
25 Aug 2026
AI and Human Valuers: Consistency, Transparency and the Division of Labour — Hong Kong Valuation Quality Series (Part 4)
《香港估值質素把關》系列之四｜當人工智能學會閱讀估值報告｜一致性、透明度，AI與人的分工
19 Aug 2026
Extreme DLOM & Control-Premium Cases, and Hong Kong–Mainland Method Divergence — Hong Kong Valuation Quality Series (Part 3)
香港估值質素把關｜DLOM折讓與控股權溢價極端個案，香港內地估值方法分岔
29 Jul 2026
How Much Discount, How Much Premium? Ten Years of DLOM & Control-Premium Data — Hong Kong Valuation Quality Series (Part 2)
《香港估值質素把關》系列｜折讓打多少，溢價加多少：十年數據的真實落點
14 Jul 2026
When AI Learns to Read Valuation Reports — Hong Kong Valuation Quality Series (Part 1)
當人工智能學會閱讀估值報告｜香港估值質素把關系列之一
30 Jun 2026
After the Trillions Evaporate: Rethinking Valuation in the AI Era
萬億蒸發之後：AI 時代的估值再思
16 Jun 2026
Cross-Border IP Dispute Resolution & Hong Kong Arbitration
估得出價值，守不住又如何？——跨境知識產權的爭議解決
2 Jun 2026
Litigation Valuation: The Ultimate Arbiter of Hidden Value in Capital Markets
訴訟估值：資本市場隱性價值的終極仲裁者
19 May 2026
IP Assetisation: How Top-Level Valuation Logic Drives Corporate Capital-Market Strategy
知識產權資產化：頂層估值邏輯驅動企業資本市場戰略躍升
2026
Unlock Capital Through Innovation — Intellectual Property Financing
以創新釋放資本 —— 知識產權融資
2025
RWA Valuation: The Cornerstone of Trust in a New Financial Era
RWA 估值：新金融時代的信任基石
2025
Litigation and Expert Witness Valuation
訴訟及專家證人估值
2025
Real-World Assets (RWA) Valuation
實物資產（RWA）估值
2023
Gatekeeping Professionalism in Valuation: A Regulatory Review Experience
估值專業的把關：一次監管審視的經驗
2023
Financial Impact of the Abolition of the MPF-LSP Offsetting Mechanism
取消強積金對沖長期服務金機制的財務影響
2023
HKEX Disclosure on Business Valuation in Transactions
港交所對交易中企業估值的披露要求
2023
Can ChatGPT Replace Human Valuers?
ChatGPT 能取代估值師嗎？
2023
Common Valuation Pitfalls – Part I
常見估值陷阱（一）
2022
Preferred Shares Valuation
優先股估值
2021
When SPACs Come Irresistibly Close – How Asia Stock Exchanges Card Up Their Sleeves?
當 SPAC 熱潮逼近 —— 亞洲交易所如何各出奇謀？
2021
Valuation Review for Financial Reporting
財務報告的估值覆核
2020
COVID-19 – Valuation and Market Update (30 June)
COVID-19 —— 估值及市場更新（6 月 30 日）
2020
Valuation Considerations Amid the COVID-19 Crisis
COVID-19 危機下的估值考量
2020
Desktop Valuations – A Solution to Travel Restrictions During the Coronavirus?
桌面估值 —— 疫情旅遊限制下的解決方案？
2020
Financial Due Diligence and Audit: Just a Title Difference?
財務盡職調查與審計：僅是名稱之別？
2020
Present Values of Lease Payments under HKFRS 16 Leases
HKFRS 16 租賃準則下租賃付款的現值
2020
Valuation Guidelines for Private Equity and Venture Capital
私募股權及創業投資估值指引
2019
Due Diligence by External Consultants in Mergers & Acquisitions
外部顧問於併購中的盡職調查
May 2018
The Road to Unicorn IPOs
獨角獸上市之路
東方財經 Oriental Finance
Mar 2018
Embracing the New Economy
開放門戶 迎接新經濟
東方財經 Oriental Finance
Jan 2018
How the SFC Views Start-up Valuations
證監會如何看待初創企業的估值
東方財經 Oriental Finance
2018
How Venture Capital and Private Equity Value Startups
創投與私募股權如何為初創企業估值
Dec 2017
From Angel-Round Financing to Initial Public Offerings
從天使輪到 IPO
東方財經 Oriental Finance
Nov 2017
Consultation on Fundraising Activities of Listed Issuers on the HKEX
不可放任胡亂炒 —— 港交所就上市發行人集資活動的諮詢
東方財經 Oriental Finance
Oct 2017
The SFC's Guidelines, Statements and Circulars on Valuations
香港證監會對估值的指引、聲明及通函
東方財經 Oriental Finance
Sept 2017
What's the Future of the GEM Board?
創業板何去何從？
東方財經 Oriental Finance
Aug 2017
The Role of Valuation in Listing Applications on the HKEX
估值於港交所上市申請中的角色
東方財經 Oriental Finance