Highlights
HKUST-HSBC Hypothetical e-HKD Pilot Commences
Various media reported about the HKUST-HSBC Hypothetical e-HKD pilot, which enrolled nearly 200 HKUST students and faculty members to participate. Dean Prof. TAM Kar-Yan said that HKUST is delighted to work with HSBC on the e-HKD pilot program and that HKUST is a fertile ground for understanding the possibilities of central bank digital currency with the School’s fintech expertise and students and faculty members’ open minds toward trying out new tech. (The Standard, 881903.com, rthk, Metro Radio, am73, Line Today 1, Sina.com.hk, Yahoo HK 1, Line Today 2, Cnyes.com, etnet, hk.on.cc, Line Today 3, Aastock 1, firstworldsec.com.hk, infocastfn.com, quamnet.com, Line Today 4, Now, HKEJ 1, Wen Wei Po, HKCD, Mirage News, Aastock 2, HK01, Ming Pao, edigest, HKEJ 2, Pchome, Aastock 3, Yahoo HK 2, HKET, Headline, cnyes.com, Singtao)
Keeping Media Posted on School Developments
Various media, including Sing Tao, Wen Wei Po, Ming Pao 1, HKEJ 1, am730, Ming Pao 2, HKEJ 2, dotdotnews and Headline Daily, ran reports on the School’s media gathering. Dean Prof. Tam Kar-Yan was quoted as saying that the School is in discussions with HKUST(GZ) to develop postgraduate courses related to fintech and facilitate student exchanges between Clear Water Bay and Guangzhou campuses. On the School’s undergraduate admission, he said that due to the emigration wave in 2021 and 2022, JUPAS offer acceptance rate dropped by 1-2% compared to previous years, but the situation has improved this academic year. Dean Tam also commented on the government’s plan to promote the night market to stimulate tourism and the need to develop a new economic pillar in HK.
Sharing Insights on JPEX incident (Sep 27)
In a live interview with Metro Radio (article, audio clip), Senior Assoc. Dean Prof. HUI Kai-Lung shared his views on the JPEX incident, regulation of the cryptocurrency market, enhancement of information security of organizations, and the AI-powered, forward-looking tourism index developed by HKUST and Wisers. In a report published in SCMP and Yahoo HK, Prof. Hui was quoted as saying that it is very difficult for the Securities and Futures Commission to tell people what they can or cannot invest in, adding that more information sharing and education may help investors navigate the cryptocurrency space.
OTHERS
Huawei Stages Comeback (Sep 29)
In an HK Economic Times column article, Prof. Emeritus Francis LUI, Department of Economics, discussed a series of new products recently released by Huawei.
Enhancing Financial Analysis (Sep 28)
An HK Economic Times column article by Assoc. Dean Prof. Allen HUANG and Assoc. Prof. Amy ZANG, Department of Accounting, discussed how financial analysis can effectively obtain information to make more accurate projections.
Implementing Open Innovation Policies (Sep 25)
In a Ta Kung Pao column article on Huawei’s development and its implication for HK’s I&T ecosystem, a study by Prof. XU Yan, Department of ISOM, on the obstacles faced by companies in implementing open innovation policies was cited.
HKUST Confers Honorary Fellowships (Sep 22)
Various media, including Mirage News, Singtao, Headline, Ta Kung Pao, dotdotnews, hkcna 1, hkcna 2, HK01 and HK Economic Times, reported that HKUST conferred honorary fellowships on six distinguished individuals — Mr. Nicholas CHAN Hiu-Fung, Dr. Adrian CHENG Chi-Kong, Mr. Wilson FUNG Ying-Wai, Prof. Albert IP Yuk-Keung, Ms. Sarah LEE Wai-Sze and Ms. YAO Jue.
Advancing Guangzhou's Strategic Plan for Urban Development (Sep 22)
According to Guangzhou Daily, Dayoo.com, Nanfang Daily and southcn.com, Chair Prof. XIE Danyang, Department of Economics, spoke at a seminar on enhancing the achievements of Guangzhou's strategic plan for urban development.
Longevity of Japanese Family Businesses (Sep 21)
According to an inmediahk.net report, the School’s Roger King Center for Asian Family Business and Family Office and the Japan Society of HK co-organized an academic forum on centuries-old Japanese companies at the 8th “Japan Autumn Festival in HK”. The center’s director Prof. Winnie PENG pointed out that, in general, Japanese tend to pass on their family businesses to their adopted children or sons-in-law because the primary goal is to continue the family name and legacy, which is also a significant reason why Japanese family businesses have been able to endure over generations.
Replenishing HK's Expatriate Population (Sep 21)
In an article published in SCMP and The Star Online on the slow replenishment of HK's expatriate population, Adjunct Prof. Alicia GARCIA-HERRERO, Department of Economics, was quoted as saying that if HK was to be the offshore financial center of China, hiring mainland talent would serve the city’s purpose.
Innovation and Reform Key to Attracting Talent (Sep 21)
In an HK Economic Times column article, Head and Chair Prof. GONG Yaping, Department of Management, discussed whether attracting talents with overseas study experience contributes to company innovation.
Fostering Innovative Leadership (Sep 15)
In reports by mbachina.com and MBA Journal on HKUST MBA ranking No. 1 in the Asia-Pacific region in the Bloomberg Best B-Schools 2023-24, Assoc. Dean (MBA Programs) Prof. Stephen SHIH was quoted as saying that the ranking reflects their commitment to helping students achieve long-term career success and develop a habit of continued learning, and their efforts to connect students with distinguished alumni and business leaders and to foster innovative leadership.
50 Students Who will be Top Global Bankers (Sep 15)
According to efinancial careers, RMBI UG student LAM Lok-Tin has made it to the list of the 50 students who will become top bankers in 2030. The list was compiled based on the current heads of all the top finance societies at all the top schools.
Building on Tourism Growth Momentum (Sep 14)
In an RTHK English News article on the visitor numbers in HK reaching 84% of pre-pandemic levels last month, Senior Assoc. Dean Prof. Hui Kai-Lung expressed optimism about the ongoing recovery of the tourism sector and said that HK’s air transport network would have to beef up its stage of recovery as the city is still not running a full flight service now.
Stimulating Employees’ Creativity (Sep 14)
In an HK Economic Times column article Head and Chair Prof. Gong Yaping, Department of Management, offered his take on transferring tacit knowledge to stimulate employees’ creativity.
Forecasting Growth Outlook (Sep 12)
In an SCMP article on the downward revision of China's 2023 GDP growth forecasts, Visiting Prof. Edwin LAI, Department of Economics, was quoted as saying that a high interest rate environment in the world, which has not recovered from Covid and also suffers from the shock of the Ukraine war, means weak global demand.
Green Nudges Yield Environmental Benefits (Sep 8-9)
According to Wall Street Journal, Huanqiu.com, Mirage News, Firstworldsec.com.hk, Quamnet.com, Infocastfn.com, Aastock, sina.com.cn, china.com.cn, a study led by Chair Prof. Albert PARK, Department of Economics, on how “green nudges” - prompts to promote environmentally friendly behaviors – could reduce single-use cutlery from online food delivery in China.
Regtech Enables Innovative customer services (Sep 8)
In a China Daily article on the adoption of regulatory technology (regtech) in HK, Dean Prof. Tam Kar-Yan was quoted as saying that a growing number of financial institutions are applying regtech to simplify the process or offering remote services for opening accounts, adding that regtech can create value for both financial institutions and end-users of financial services by automating compliance processes and enabling innovative customer services.
Factors Contributing to Family Business Success (Sep 7)
Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng wrote in an HK Economic Times article about the four factors that will determine the success of a family business.
Reviving Consumption in Mainland China (Sep 7)
In an HK Economic Times column article, Adjunct Prof. Alicia Garcia Herrero, Department of Economics, who is also Chief Economist for Asia Pacific at Natixis, wrote about the challenges facing mainland China in reviving consumption through rate cuts.
Enhancing HK’s Appeal as Financial Hub (Sep 5)
In an SCMP article on Financial Secretary Paul CHAN Mo-Po’s remarks on stamp duty at a forum held yesterday, Adjunct Prof. K C CHAN, Department of Finance, was quoted as commenting earlier that the government should not solely focus on the stamp duty, but should also consider ways to make the city more attractive as a trading venue for investors and fund managers, especially regarding IPOs.
Comparing the US and China’s Systems (Sep 1)
In an article published in HK Economic Times and Sky Post, and ETNet, Prof. Emeritus Francis Lui, Department of Economics, weighed in on the debate about the differences between the US and China's systems.