HIGHLIGHTS
Best MBAs for Entrepreneurship (27 Jun)
The Financial Times published a list of . The paper used 12 criteria to rate the best MBAs for growing entrepreneurs, including the percentage of graduates who created their own companies and how the schools and their alumni network helped set things. HKUST is the only Asia-based school ranked on the chart. Local dailies Ming Pao and Oriental Daily News carried factual reports of the result, saying 22 percent of our MBA Class of 2012 created their own companies and 80 percent of such companies were still operating at end 2015 – a level comparable to any of the top institutions on the list.
Guilt Free Snacks (10 Jun)
TVB Pearl “Money Magazine” looked into the topic of “healthy snacks” amid its growing popularity in the city. The program interviewed Professor Anirban Mukhopadhyay, Department of Marketing. He shared tips and pitfalls on selecting healthy snacks and reminded consumers of eating healthy labelled snack could sometimes make them eat more than they should. Link (14:40/18:27)
Business Insights (30 Jun)
SCMP carried a supplement featuring another HKUST Business Insights Series seminar held in Central. The featured recapped the seminar highlights, which addressed issues on managing networks for business and career development. Associate Professor Bilian Sullivan and Assistant Professor Yonghoon Lee, both from Department of Management, shared their thoughts on networking and the essentials of good networking. The supplement online version and a similar article in HKEJ will be published in early July.
OTHERS
Business Empire of Li Ka Shing (29 Jun)
Bloomberg carried an exclusive interview with Hong Kong’s richest man Li Ka Shing on how he builds his business empire. The story quoted comments from multiple sources including Hong Kong’s last colonial governor Chris Patten, a financial analyst, book author as well as two HKUST professors. Adjunct Associate Professor Christine Chow said Li’s persistence in having a disciplined and diligent life was what distinguishes him from his peers, while Prof Mark Mihorean said we might start to see more of the ‘plastic’ and less of the ‘flowers’ that originally catapulted him ahead. Link
French Magazine Features International MBAs
French business magazine Challenges featured international MBA programs and how they can prepare students with an international dimension. The article compared the focus, class mix, tuition and duration of 12 MBA programs around the world, including HKUST and CUHK in Hong Kong. HKUST MBA student Christophe Bertrand shared his learning experience in Asia, saying that MBA abroad represented a chance where he could take the time to reflect, and that it was an investment on himself. Link
Challenges to Global Economy (29 Jun)
Hong Kong Economic Journal carried a commentary (解牛集) by Professor Edwin Lai, Department of Economics. He discussed the ongoing difficulties that the Emerging Market and Developing Economies (EMDE), China and the US would face in the years ahead, highlighting the “linkage effect” of any major markets on the world’s economy. Link
Mainland Internships (27 Jun)
Ta Kung Pao and Wen Wei Po reported on an internship program in China organized by a local youth group called “Future Leaders in Finance”. One of the participants, a second-year UG student Tam Tze-chung, shared her positive experience after joining the program, which made her better understand the mainland culture and its financial market. Link
Population in China (27 Jun)
Mainland paper the 21st Century Business Herald carried an interview with Professor Albert Park, Department of Economics, on the mainland population. He said the mainland population aged 60 or above would double to 30 percent over the next 20 to 30 years, and also with a low fertility rate, causing growing pressure on the nation. Link
Impact of Politics on Economy (25 Jun)
Hong Kong Economic Journal carried an article by Professor Francis Lui, Director of the Center for Economic Development. Professor Lui pointed out the adverse impacts of politics could have on local economy, citing repeated political tussles and filibustering at the Legislative Council, anti-mainland sentiments, etc. He reminded Hongkongers of the opportunities amid the “One Belt One Road” initiative. Link
Ripple Effect of Flattery (22 Jun)
SCMP Education Post republished a research summary by Chair Professor Jaideep Sengupta, Department of Marketing. His study looks into the effects of observing “sincere flattery” by conducting experiments that look at what happen when a customer in a store observes a salesperson flattering another customer on her dress sense. Link
Choice of Foresighted British (21 Jun)
Hong Kong Economic Journal carried a commentary (解牛集) by Adjunct Professor Jerome Yen, Department of Finance. Before the UK’s EU referendum conducted, Professor Yen discussed why British wanted to leave EU, and predicted its possibility as well as the complicated and far-reaching consequences once British voted to leave EU. Link
Lack of Female Leaders Puts Spotlight on Asian Biz Schools (20 Jun)
The Financial Times zoomed in on how Asian business schools factor in women’s patterns into their programs to develop female talent for the region. Mr Sean Ferguson, Associate Dean (MBA and MSc Programs) shared his previous experience in recruiting potential female MBA students in the US, with for example partial subsidies for airfares and other expenses. Link
MPF Offsetting and Unemployment Insurance (17 Jun)
Sky Post carried an article by Professor Francis Lui, Director of the Center for Economic Development. Professor Lui discussed two much-debated retirement protection issues: the Universal Retirement Protection (regardless of rich or poor option) and the use of Mandatory Provident Fund (MPF) to offset severance and long service payments. Link
Investment Strategy (15 Jun)
A columnist wrote about investment tips in Hong Kong Economic Journal, citing the comments made by Professor Yu Jialin, Department of Finance, on investment strategies in a setting of negative interest rate. Link
Corporate Succession Plan (15 Jun)
Hong Kong Economic Journal carried an article (解牛集) by Adjunct Associate Professor Christine Chow, Department of Finance. She discussed the importance of succession plans in big corporations, stressing the leading roles of board of directors, their professional and collective judgement, as well as an effective corporate talent management and succession plan. Link
Venture Experience (15 Jun)
Taiwan’s news portal SETN.com interviewed Bradley Chiang, a final-year GBUS student and cofounder of Snapask, a mobile app for students to chat with tutors. Chiang spoke about his venture and how he managed his studies and business - now expanding to Taiwan and Singapore. Chiang is named by Forbes Asia as one of the “30 under 30” brightest entrepreneurs in Asia. Link
Driving Forces for Mainland Economy (10 Jun)
Sky Post carried an article by Professor Francis Lui, Director of the Center for Economic Development. Professor Lui outlined three up-and-coming areas that could help drive mainland economy amid its expectedly growing GDP. They are information technology, green products and services, and medical and life science. Link
UG Admissions (10 Jun)
Sing Tao Daily reported on the HKUST Business School’s UG admission arrangement this year. In an interview, Professor Emily Nason, Associate Dean (Undergraduate Student Affairs), explained the “hybrid” combination of school-based and program-based admission routes, under which students could still follow the common year-one curriculum. The arrangement has combined the benefits and flexibility and large quota of school-based admission with options for some students to receive “guaranteed major” admission offer.
The Social Side of Work (8 Jun)
SCMP Education Post published a research summary by Professor Riki Takeuchi, Department of Management. His study looks into the social influence of co-workers, examining its implications for an organization ranging from an employee’s sense of obligation to the firm and to even their task performance. Link
Universal Retirement Protection (7 Jun)
Ta Kung Pao carried an article by Professor Francis Lui, Director of the Center for Economic Development, commenting on different universal retirement protection options in Hong Kong. He reiterated the low fertility rate and aging population problem in the city, making the option proposed by “scholars” not feasible. Link
Governance and Public Administration at LSE (7 Jun)
Hong Kong Economic Journal carried an article (解牛集) by Adjunct Associate Professor Christine Chow, Department of Finance. She discussed the topic of governance and public administration by sharing her experience as one of the Court of Governors at the London School of Economics and Political Science (LSE). She highlighted the growing importance of governance and cited the seven principles of public life put forward by Lord Nolan: Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership. Link
Outlook of Employment in the Banking Sector (3 Jun)
Ming Pao reported on the Bank of East Asia’s layoff and the outlook of the banking industry. Professor Emily Nason, Associate Dean (Undergraduate Student Affairs), was quoted as saying that the number of job vacancies for graduates offered by banks and its salary level had not been affected so far. She expected half of the GBUS students would join the banking sector. Link
Earnings Mobility of University Graduates (2 Jun)
Oriental Daily News carried an article by Assistant Professor of Business Education Siu Kam Wing, Department of Economics. Professor Siu outlined some of the major findings of a study on “earnings mobility” conducted by the government, including the value of a sub-degree and a first degree to graduates. Link
The Impact of Technology Innovation
Phoenix TV invited Adjunct Associate Professor Zhao Yue to its program to talk about the shifting economy as a result of technology innovations, including the potential of e-commerce, the disruptions to manufacturing industry, and impacts on consumer, and so on. Link
Financial Inclusion Challenge
The Wall Street Journal organized the Financial Inclusion Challenge in Hong Kong, where Professor Sujata Visaria, Department of Economics, was one of the three independent judges. Link