Overview
Welcome to the April edition of SpaceBiz. In today's session, we explore the potential of applying Hong Kong's successful experience in aircraft leasing to the realm of space assets. Hong Kong, known for its dynamic business landscape, has successfully positioned itself as a financing centre for aircraft financing. Space is the final frontier and by extending this leasing model to space assets is a natural step for financing this fast-growing industry.
Technological advancement and increased private sector participation are driving demand for the use of satellite technology globally. Countries are keen to strengthen their Internet infrastructure to boost economic development, enhance access to education, healthcare and government services, especially in remote areas. Satellites can help by delivering high-speed Internet to places where terrestrial networks are not yet available, and they can connect IoT devices across vast distances, facilitating industries such as agriculture, logistics and environmental monitoring.
We know that launch costs are becoming more affordable thanks to SpaceX, but some satellites are being mass produced to be deployed as part of large satellite constellations, which means new advances in satellite production are making them lighter and more efficient. Satellites are transforming data-driven business because by enabling vast amount of critical data to be collected and analysed across vast distances.
During our session, we'll discuss the opportunities of space asset leasing. By leveraging Hong Kong's robust legal infrastructure, capital markets, and innovative mindset, we can establish a regional Space Finance centre. The objective is to facilitate global access to outer space by providing leasing and financing solutions for satellites and spacecraft assets, fostering innovation, and advancing space exploration.
Our aim is to be the leading provider of financial services for the space industry.
Date: 27 April 2024 (Saturday)
Time: 10:00am to 12:00pm HKT (GMT +8)
Location: N001, Lim Por Yen Lecture Theatre, G/F, Core N, The Hong Kong Polytechnic University
Format: In-person or Online
Language: English
Speaker: Prof. Dewey Yee, Professor of Practice (Aviation Management and Finance) of The Hong Kong Polytechnic University
Academic Commentator: Dr. Stephen Cheung, HKU Adjunct Professor and Honorary Chief Scientist at OASA
Mock Investor: Mr. Richard Ting, a Private Equity and Funds Specialist
Moderator: Mr. Perry Lam, Executive Chairman at OASA
Registration
Fees:
Free for OASA Members
Non-Member: HKD 280 to join in-person; HKD 100 for online attendance
Discount code exclusively for DTC: SUPPORT50
Schedule
Date: 27 Apr 2024, Saturday
Time: 10:00 AM - 12:00 PM (GMT +8:00) Kuala Lumpur, Singapore
Location: N001 (Lecture Theatre) Lim Por Yen Lecture Theatre, G/F, Core N, The Hong Kong Polytechnic University Kowloon, Hong Kong, 000000 and Online
Speakers
Speaker's Profile:
Prof. Dewey Yee, Professor of Practice (Aviation Management and Finance), The Hong Kong Polytechnic University
Prof. Dewey Yee is a Professor of Practice at the Department of Logistics and Maritime Studies at the Polytechnic University of Hong Kong (PolyU), specialising in Aviation Management and Finance. He also established the first Space Commerce curriculum for the university in 2022. As a member of the Hong Kong Economic Development Commission from 2013-2019, he led the Aerospace Finance Task Force Focus Group. His efforts contributed to the establishment of a new tax regime for aircraft leasing and finance in Hong Kong in July 2017. Prof. Yee began his professional career in 1982 at the US Securities and Exchange Commission and in 1986 moved in Hong Kong to start the aircraft leasing business for GPA (Guiness Peat Aviation (GPA). In a career spanning three decades, he has held senior positions in leasing companies and investment banks across Asia.
Moderator's Profile:
Mr. Perry Lam, Executive Chairman, OASA
As Executive Chairman of Orion Astropreneur Space Academy or OASA, Perry Lam has a singular focus on preparing today’s youth for their future roles as leaders in the NewSpace economy. Perry is the Founder of the LAM Institute (“LAM” stands for Leadership & Advanced Management), based in Hong Kong. He regularly works with top leaders of Fortune 500 Corporations, Governments and NGOs in heightening their leadership.
Speaker's Profile:
Mr. Richard Ting, Chairman, Silver Master Enterprise Ltd
Richard Ting has over two decades of experience in banking and finance He previously led the Commercial Division at BNP-Paribas in Hong Kong, where he managed a team of 150 staff and oversaw 1,500 accounts. Over the past decade, Richard transitioned to private equity and investment advisory, focusing on medical equipment assets and the intricacies of the hospital industry. His unique blend of financial acumen and healthcare insights positions him as a valuable resource for those navigating this specialised field. Richard holds an MBA from The Chinese University of Hong Kong (CUHK) and earned his Bachelor of Social Sciences and a Diploma in Management Consultancy, both from The University of Hong Kong (HKU). He also holds an ACIB qualification.
Speaker's Profile:
Dr. Stephen Cheung, Honorary Chief Scientist, OASA
Prof. Stephen W. Cheung is Honorary Chief Scientist of OASA. Educated in the United States, Prof. Stephen W. Cheung began his career as a research scientist at a NASA funded Gravity Probe-B satellite programme at Stanford University. He later worked in two major medical device companies in Silicon Valley specialising in radiation therapy systems. He holds several US patents related to X-rays and is the author of two books on microwave technology. Prof. Cheung has previously worked in Hong Kong for 10 years. He was General Manager of the Electronics Division at the Hong Kong Productivity Council and later served as Executive Vice President of a consumer electronics company. Prof. Cheung has served as Adjunct Professor for a MSc. programme in Space Science at the Department of Physics at HKU from 2020 to 2023.
