Mr. Sanford Yung, a renowned figure in the accounting profession and former Chairman of Coopers & Lybrand Hong Kong (now known as PricewaterhouseCoopers) established the "Sanford Yung Scholars Programme for Excellence in Accounting Studies" in 2001 for the purpose of encouraging the pursuit of accounting studies in Hong Kong universities and promoting excellence in the accountancy field. In keeping with Mr. Yung's keen interest in helping the development of Accounting in Mainland China, the programme this year has been expanded to include Accountancy students in Beijing and Shanghai universities. The Programme provides three scholarships each year to the most outstanding students in accounting in a local university in the three cities.

　　The Hong Kong Awardee of the Sanford Yung Scholarship receives a cash award totalling HK$120,000 to cover expenses relating to his/her remaining years' accounting studies in university. Upon the successful completion of the second year's course, the awardee will be sponsored for a summer placement at either (i) PricewaterhouseCoopers London or New York, or (ii) PricewaterhouseCoopers Hong Kong, to be followed by a 10-day study tour visiting selected financial institution(s) overseas. In the last three years, the awardees obtained summer internship with PricewaterhouseCoopers London.

　　For the 2004 award in Hong Kong, a total of 29 first-year accounting students with excellent academic merits were nominated by the seven local universities. The selection panel consisted of Mr. Sanford Yung, Ms. Georgina Chan, Director of Education & Training of the Hong Kong Society of Accountants, Ms. Florence Yip, Chartered Accountant, Ms. Carrie Yu, Chartered Accountant, Ms. Priscilla Lam, Chartered Accountant, Ms. Amy Yui, Senior Administrator in the academic field, and, Mr. Cameron Sloan, the Director of Human Resources of PricewaterhouseCoopers.

　　After very thorough consideration on students' performance at the interview, the selection panel is pleased to announce that Mr. Yip Kwan Hon, of The Chinese University of Hong Kong, was considered the best candidate to receive the 2004 Scholarship. Mr. Yip impressed the selection panel on his dedication to the accounting profession and his desire for further training overseas. This programme will offer him a summer placement in another commercial city outside Hong Kong. Eventually, it is his wish to pursue a career in the accounting profession.

　　The presentation ceremony took place on 7 June 2004 at PricewaterhouseCoopers Executive Conference Centre. Mr. Yung said, "I am very pleased that all six short-listed students were academically impressive candidates." Mr. Yung added that he is confident that Mr. Yip will be an asset for the future of accounting in Hong Kong.

　　Mr. Yung was also impressed by the outstanding performance of the students that he interviewed in Beijing and Shanghai. He is pleased that his scholarship can help the development of Accounting in Mainland China and he is considering the possibility to extend this scholarship programme to other cities in Mainland China in the future.

return to press release index
return to homepage