Highlights
Coverage on SBM Media Spring Lunch (23 Mar)
13 media attended the School’s annual media spring lunch held on 21 Mar, with several papers carried reports. An columnist wrote that Adjunct Prof KC Chan on the occasion revealed his interest in FinTech, including on the regulatory framework of cryptocurrency as there are potential risks, and thus a tighter supervision is required, he opined. Sing Tao (including Yahoo), HK01,and Wen Wei Poreported thatAssociate Dean (UG Student Affairs) Prof Nason Emily shared the admission criteria of a sought-after program - Global Business (GBUS). She explained the median of the program’s admission score and offered some interview tips for potential candidates.
Faculty Offer Insights into Sino-US Trade War
Amid a potential trade war between China and the US, a number of media looked into its potential impacts. Faculty from the Department of Economics offered insights into the subject via interviews and commentaries. Emeritus Prof Francis Lui in Commercial Radio discussed with other speakers on the topic and said Hong Kong stands to suffer badly from a trade war between China and the US as the city will feel the effects to a greater extent because of its role as a logistics hub. His comments were cited by HKEJ, HK01, Standard, RFA, among others. Prof Lui also wrote in Sky Post expressing his views on a global trade war triggered by the US President Donald Trump. Meanwhile, Prof Edwin Lai in two articles published by BBC Chinese (article 1 and 2) commented on the same topic. He said that “there have not had a trade war yet, but just a unilateral protectionist action of the US”. He pointed out the similarities between China now and Japan then in 1980s, but added that China would not follow the footstep of Japan as China is more independent from the US. His comments also cited by Epoch Times.
Executive Education: Belt and Road to Success
In an interview by AmCham Magazine, Associate Dean Prof Steven DeKrey explained how forward thinking and a unique partnership opportunity created the world’s first Belt & Road EMBA program. Prof Dekrey talked about the collaboration with the Moscow School of Management SKOLKOVO, including its joint new EMBA program and what students can hope to get out of it with global business opportunities in the next decade to be closely tied to Eurasia's economic development and its connectivity with China.
TDC Documentary Featured HKUST’s Belt and Road Research
A TDC documentary series on One Belt One Road projects featured Prof Albert Park of Department of Economics and also Director of HKUST Institute for Emerging Market Studies. He talked about how HKUST can play a key research role for Belt and Road opportunities. He also introduced HKUST Business School’s collaboration with the Moscow School of Management SKOLKOVO, to launch joint research to look into the Belt and Road initiative in Hong Kong and beyond.
OTHERS
Opportunities and Limitations of Blockchain Technology (27 Mar)
HKEJ carried a commentary (解牛集) by Prof Allen Huang, Department of Accounting, on the development opportunities and limitations of blockchain. He opined that people should look at the technology in a more “pragmatic” manner by knowing not only its potential, but also limitations.
Supplement Article on HKUST MBA Program (25 Mar)
Business Because featured an HKUST MBA student Michael Pelosi. He talked about why he left a leadership role at a tech startup in New York to pursue an MBA at HKUST Business School and his positive experience at HKUST. He said the HKUST MBA program has given him the management skills and global perspective that he believes will help take his career to the next level.
Classified Post HR Conference (24 Mar)
SCMP Classified Post featured its HR Conference, with ideas shared from a range of industry experts with a focus on how to attract and retain the best talent. Prof Gong Yaping, Head of Department of Management, in his keynote presentation, said that the notoriously long hours Hong Kong employees spend at work might be detrimental to fueling creativity. He said people who spend a lot of time at work may be under the illusion they are being creative, but this is rarely the case.
Role of the People's Bank of China (23Mar)
Emeritus Prof Francis Lui published his article in Sky Post on the role of the People’s Bank of China, and its relationship with the transformation of China’s economy. He also shared his views on Yi Gang, a former HKUST’s Economics Adjunct Prof back in 2008, and he is appointed as the new central bank governor of China (Commercial Radio).
Newly Appointed China’s Vice-Premier (20 Mar)
BBC Chinese reported on the newly appointed China's Vice-Premier Liu He, overseeing economic policies and financial issues of the nation. Prof Albert Park, Department of Economics and also Director of HKUST Institute for Emerging Market Studies, was quoted as saying that the reforms to be undertaken by Liu He would affect the vested interest of many people, and thus his relation with Xi Jinping and support from him are very important. He also agreed with Liu’s belief in open competition and anti-monopoly in China. His comments were cited by other mainland media including China Times.
Commentary on Tycoon Li Ka-shing’s Retirement (20 Mar)
The Financial Times and Asia Tatler reported on the retirement of HK Tycoon Li Ka-shing, in which Prof Roger King, Director of the Tanoto Center for Asian Family Business and Entrepreneurship Studies, was quoted as saying that, when commenting on Li’s second-generation succession, a first born son tends to be risk averse and listen to the older generation, which he opined is the usual habit for subsequent-born children of tycoons. His comments were also cited by OZY. Meanwhile, Associate Director of the Center Prof Peng also commented on Li’s retirement in HK01, Caixin and YiCai, saying that the value of philanthropy among many first generation tycoons is an integral part of their legacy.
Time to Alleviate the Property Market Pressure (20 Mar)
HKEJ carried a commentary (解牛集) by Senior Lecturer Dr Kelvin Mak, Department of Accounting, on the property market in Hong Kong. He suggested introducing steps such as “vacant property tax” to alleviate the property market pressure and make housing more affordable for users.
Comment on Land Supply (19 Mar)
HKET carried a commentary by Emeritus Prof Francis Lui, Department of Economics, on the land use in Hong Kong, including the challenges of developing brown field sites.
QS’ World University Rankings by Subject 2018(19 Mar)
Several media, including Sing Tao, reported on QS World University Rankings by Subject, in which both HKUST’s “Accounting and Finance” and “Business and Management” move up to No.16 in the world.
Risks Associated with New Listing Channels (13 Mar)
HKEJ carried a commentary (解牛集) by Prof Allen Huang, Department of Accounting, on the risks incurred as a result of new listing channels, including the underlying risks of HKEX to expand Hong Kong’s listing regime.
Comment on Budget and Gender Equality (9 Mar)
Ta Kung Pao carried a commentary by Emeritus Prof Francis Lui, Department of Economics, on the 2018-19 Budget. He commented on various areas including cash handout, healthcare and property market. Meanwhile, he also made another commentary in Sky Post on gender equality in the workplace.
Income Structure in the Budget Being Overlooked (6 Mar)
HKEJ carried a commentary (解牛集) by Dr Kelvin Mak, Department of Accounting, on the government’s budget 2018-19 and expressed his worries over the imbalance in government revenue structure.
Vatican-China Diplomatic Relations and the 2018-19 Budget (2Mar)
HKEJ and Sky Post carried a commentary by Emeritus Prof Francis Lui, Department of Economics, on Vatican-China deal on establishing diplomatic relations and the 2018-19 Budget.