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News & opinion

6 AUG 2019

RICS in Greater China closes 2018–19 with strong momentum

At the beginning of our new financial year, Managing Director of RICS in Greater China Pierpaolo Franco gives a review of major achievements over the past 12 months. The Greater China region covers mainland China, Hong Kong, Macao and Taiwan. In the financial year 2018–19, we have made good progress on all fronts, from membership growth, market adoption, product offerings, to thought leadership.

Second largest membership base in the world

The total number of RICS-qualfied professionals in Greater China has increased by 5% year-on-year, reaching a total of 12,700. We have seen new stream of professionals from tier two and three Chinese cities, such as Haikou and Wuhan.

We have signed two Memorandum of Mutual Recognition of Membership with Hong Kong Institute of Surveyors (HKIS), and a Direct Entry Agreement with China International Contractor Association (CHINCA) for senior international engineering project managers. These agreements enable our professionals to grasp the opportunities presented by an increasingly globalised market.

Review of our business achievements in Greater China over the past year

Standards and qualification increasingly adopted

Our professional standards and qualification underpin the sustainable development of the built environment of Greater China.

The Beijing Central Business District Committee has appointed us as a member to provide advices on office building measurements, and IPMS has been adopted by this Committee to rate office buildings it manages.

State Grid Corporation of China, China Resources Land, Shenzhen World Union Appraisal, Beijing Jinlian Real Estate Appraisal, JLL in China, GLODON and Tianzhi Consultancy are amongst some of the new adopters of our qualification and professional standards.

Professional training and learning well recieved

We have delivered over 130 courses across Greater China in the last 12 months. Over 3,500 delegates have attended our courses. In addition, we have arranged close to 50 seminars for our professionals in Hong Kong. The most popular ones are those relevant to construction and real estate, for example, green building, cost management, contract management, asset management, and real estate financing.

Our influence and contribution in Greater China have grown quickly in the last 12 months. Our effort has brought us wider adoption across the built environment. This in turn allows RICS professionals to instill confidence to a changing world.

Pierpaolo Franco
Managing Director, Greater China, RICS

Conferences and summits provide thought leadership

As a platform to promote best practices and deliver thought leadership, we organised a total of 22 conferences across major Chinese cities last year, discussing topics related to asset management, investment, smart city and urbanisation, building technology, city resilience, and project life-cycle consulting.
Most remarkably, we have received support from the Tianjin Government to host the 3-day Global Urban Economic Summit to deliver though leadership for urban planning and development. Over 700 delegates joined us from across all markets.

We also host our annual Awards in China and Hong Kong to celebrate achievements in the building environment.

Exercising our influence as a thought leader

We have continued to position ourselves as the thought leader, championing the usefulness and relevance of RICS and international standards across China. We have been invited to speak at Building Economy Summit supported by the Chengdu government, the China Digital Building Summit in Qingdao, and the Finance and Real Estate Innovation Summit in Beijing. Besides, our work in China is now being showcased at the China Construction Consultancy Museum in Beijing.

In Hong Kong, we have been also appointed a member of the committees under Urban Renewal Authority's Hong Kong Building Rehabilitation Facilitation Services Limited, providing professional advices to Hong Kong's authority on urban regeneration issues.

We thank our Advisory Boards, committees, trainers and speakers, assessors, sponsors and strategic partners for being a part of the successes. As always, we will make use of our unique position as a global professional body to encourage best practices in the built environment. We look forward to taking our development in China to a new height this financial year.