Highlights
HKUST and Wisers Launch HK’s First Forward-looking Tourism Index
Various media, including , RTHK – Eng 1, RTHK – Eng 2, travelandtourworld.com, OpenGov Asia, hk01, RTHK - Chi 1, RTHK - Chi 2, CRHK, Ming Pao, Sky post, HKET, HKEJ, HKEJ 2, TaKungPao, tkww.hk, hkcd, bastillepost, am730, finance730, etnet, unwire, line.me, epochtimes, 10jqka, dotdotnews, emkt, quamnet, hkha.org, sina.cn, hkcna, guandian.cn, yahoo 1, yahoo 2, ejtech, cloudian, crntt.com, tongmedia, hkong.hk, ujoy, jrj.com.cn, sohu, 163, uniquemedia, eastmoney and wtg.com, reported about the launch of Wisers-HKUST Tourism Index, Hong Kong’s first AI-powered forward-looking tourism index, which provides tourist arrivals forecasts by analyzing user comments in social media platforms in Mainland China. Prof. HUI Kai-Lung, Senior Assoc. Dean and Director of Center for Business and Social Analytics (CBSA), said that the project can help industry stakeholders better gauge near-term tourism outlook for pre-emptive policy and business planning. Adjunct Assoc. Prof. and CBSA Advisor Dr. HE Chao said that the AI model analyzes data from popular mainland social media platforms like Xiaohongshu to assess netizens’ interests in coming to Hong Kong.
Following the index’s launch, through live interviews on Hong Kong Today and Backchat of RTHK Radio 3, and an article in HK Economic Times, Prof. Hui further elaborated further on the index’s development and how it can help the tourism industry.
OTHERS
RMB Internationalization (Aug 31)
HK01 published an interview on the RMB internationalization with Prof. Edwin LAI, Department of Economics, who recently published the book "One Currency, Two Markets: China’s Attempt to Internationalize the Renminbi."
Family Values Underpin Family Office Operations (Aug 31)
HK Economic Times ran a column article by Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie PENG on how family values are guiding the operations of family offices.
Enhancing Stock Market’s Liquidity (Aug 30)
In an SCMP article on the 13-member task force established to undertake a comprehensive review of the HK stock market’s liquidity, Adjunct Prof. KC CHAN, Department of Finance, said that the task force should not solely focus on stamp duty, but also look beyond to make the HK stock market more efficient and attractive to investors and fund managers, particularly in relation to initial public offerings.
Sharing Insights on Family Succession (Aug 30)
In an article published in The Economic Times on the rapid diversification and succession plan of Reliance Industries, Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng, was quoted as saying in a previous interview that how the company chairman Mukesh Ambani handles succession could inspire others in the region to think more carefully about how they transfer family wealth and power.
Expanding the Stock Connect schemes (Aug 29)
Sing Tao Daily and Headline Daily published an article by Adjunct Prof. KC CHAN, Department of Finance, on the joint efforts of mainland China and HK to expand the Stock Connect schemes.
Nan Fung Group Chairman Shares Insights with MBA Students (Aug 26)
China.com.cn reported that HKUST MBA recently invited Nan Fung Group Chairman Antony LEUNG to share his leadership insights and business prospects with MBA students.
Promoting Ties with Uzbekistan (Aug 26)
According to sznews, hkcd, sina.com.cn and people.com.cn, Adjunct Asst. Prof. CHAN Hang, Department of ISOM, attended the Uzbekistan investment and tourism promotion event.
Mainland Visitors’ Tastes Changed Post Pandemic (Aug 25)
In an SCMP article on the changed itineraries of mainland Chinese visitors after the pandemic, Adjunct Prof. KC CHAN, Department of Finance, was quoted as saying that the business sector’s expectation of tourists returning in droves and spending a lot on food and consumer goods did not happen.
Land and Housing Policies Due for Review (Aug 25)
In a column article published in HK Economic Times and Sky Post, Prof. Emeritus Francis Lui, Department of Economics, discussed why the HK government should review its land and housing policies.
Financing Land Creation for HK’s Future (Aug 24)
In reports by RTHK, HKET, Yahoo, wenweipo.com, speakout and etnet, Prof. Emeritus Francis Lui, Department of Economics, said at the Economic Forum - Financing Land Creation for Hong Kong’s Future that the income from land sales of the Kau Yi Chau Artificial Islands and Northern Metropolis would far exceed the project cost. As HK's population is aging and public expenditure will rise in the future, these land development projects can make money that is needed to ease financial pressure on the government.
Engaging the Financial Industry (Aug 22)
According to Wenweipo , Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng was among keynote speakers at a roundtable forum on family offices held by the Chinese Financial Association of HK.
Insights on US Economist Jeffrey Sachs (Aug 22)
In a column article published in Bauhinia magazine, Prof. Emeritus Francis Lui, Department of Economics, shared his insights on American economist Jeffrey Sachs.
Welcoming New MBA Students (Aug 18)
Mbachina.com ran an article on the first school day of HKUST Full-time MBA program for 2023, which starts by welcoming students to a series of one-month orientation activities, such as workshops and practical courses.
Danger of Superweapons (Aug 18)
In a column article in HK Economic Times and etnet, Prof. Emeritus Francis Lui, Department of Economics, offered his views on the danger of superweapons.
Alumni Sharing Experience in Master’s Programs (Aug 17)
Businessbecause.com ran advertorials introducing two HKUST Master’s programs, namely MBA program and HKUST-NYU Stern MS in Global Finance program. Both featured alumni sharing their experiences. (article 1, article 2)
Opportunities from Emerging Technologies (Aug 17)
A HK Economic Times column article by Chair Prof. LI Jiatao, Department of Management, discusses the business opportunities arising from ten emerging technologies.
Better Growth Outlook Forecast for HK in Second Half (Aug 13)
According to reports by TVB and RTHK, Adjunct Prof. KC CHAN, Department of Finance, said in a radio interview that HK GDP growth is slower than expected due to impacts from the external environment, but the economy may perform relatively well in the second half of the year. Using school’s admission of Malaysian students for 10 years ago as an example, he suggested HK universities should enroll more Southeast Asian students to nurture and retain talents for HK.
Reforms to Enhance GBA’s Appeal (Aug 13)
According to chinanews, eastmoney and sina.com, in a forum on promoting quality development of different sectors via tech innovation, Chair Prof. XIE Danyang, Department of Economics, said the GBA may consider reforming its systems related to vehicle flow, tax arrangements, cross-boundary payment, personnel flow, and company registration. These reforms could help attract international talents, encourage more R&D centers and tech investment, and position the GBA as a preferred destination for young people.
Reform of the CUHK Council (Aug 11)
In articles published in HKET and Sky Post, Prof. Emeritus Francis Lui, Department of Economics, gave his take on the controversy surrounding the reform of the CUHK Council and the University’s governance.
Deflation: Why Falling Prices in China Raise Concerns (Aug 10)
In an article published in BBC, LineToday, yahoo and Hidayatullah on the concerns over deflation in China, Adjunct Prof. Alicia GARCIA-HERRERO, Department of Economics, was quoted as saying that it is worrisome as far as it shows that demand in China is poor while the rest of the world is awakening, especially the West, adding that deflation will not help China but its debt will become heavier.
Regulating Telemarketing Calls (Aug 5)
In a TVB news story discussing the legislation on telemarketing calls, Senior Assoc. Dean Prof. Hui Kai-Lung suggested the authorities should expedite the legislation on telemarketing calls to protect citizens from such annoyance.
Kellogg-HKUST EMBA Celebrates 25th Anniversary (Aug 4)
Four advertorials were published in SCMP on the success of the Kellogg-HKUST EMBA which celebrates its 25th anniversary this year. Dean Prof. TAM Kar-Yan said that over the years, the Kellogg-HKUST EMBA has nurtured about 1,200 senior business leaders who are now part of a robust, expanding alumni network that connects new opportunities worldwide. HK Chief Executive John LEE was quoted as saying at a celebratory event that The Financial Times has ranked the Kellogg-HKUST EMBA the best of its kind in the world 11 times – most recently in 2022, and this remarkable achievement is testament to the outstanding partnership between two world-class institutions. (advertorial 1, 2, 3 and 4)
Life as Student and Athlete (Aug 4)
In an interview with chinanews.com.cn, Ycwb.com and Sina, Year-2 student NG Wing-Lam of the Quantitative Finance program, who made into the round of 16 in Chengdu FISU World University Games table tennis match, talked about her experience in learning and training.
Value of Exam Grade in University Admission (Aug 4)
In an article published in HK Economic Times and Sky Post, Prof. Emeritus Francis Lui, Department of Economics, wrote on whether a student's exam grade is the only decisive factor for admission.
Passing on Family Business Values (Aug 3)
HK Economic Times published an article by Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng on the significance of entrepreneurs developing into investors to pass on the family business values.