Highlights
HKUST’s InvestLM Generative AI Model for Financial Services Industry
Various media reported on the government’s policy statement on the responsible application of AI in the financial market, which mentioned HKUST’s plan to make its self-developed AI model available for use by the city's financial services industry. HKUST Vice-President for Administration and Business Prof. TAM Kar-Yan said that InvestLM, developed by the School, is the first open-source large language model (LLM) for financial GenAI applications in HK. The University will soon offer a web-based interactive GenAI service for users of registered financial firms. Assoc. Prof. YANG Yi, Department of ISOM, revealed that InvestLM’s responses have been rated as comparable to those of state-of-the-art general-purpose LLMs by financial experts, recognizing InvestLM’s strong capabilities in understanding and processing financial texts for finance and investment-specific tasks.
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HKUST International Case Competition 2024
Various media reported that organized by the school and supported by HSBC, the HKUST International Case Competition 2024 has concluded successfully. Acting Dean Prof. HUI Kai-Lung said that the competition has underscored the school’s commitment to excellence, collaboration and internationalization, providing students with a valuable opportunity to solve real-world business problems and turn their ideas into impactful solutions.
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OTHERS
Enforcing Cybersecurity Information Disclosure (Oct 28)
An HK Economic Journal column article by Acting Dean Prof. Hui Kai-Lung discussed ways to prevent enterprises from circumventing HK’s rules on mandatory disclosure of cybersecurity information.
Sharing Insights into Chinese Family Businesses (Oct 28)
According to a Sina report, Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie PENG participated in a discussion session on Chinese family businesses at the Shanghai summit of the Business and Philanthropy Forum.
Explaining China’s Economic Rise (Oct 25)
In an ETnet column article, Prof. Emeritus Francis LUI, Department of Economics, offered his take on the book "The Miracle of China", which explores the reasons behind China's remarkable economic achievements, and raises propositions that are contradictory to a Nobel Prizes winner's theory.
Attracting Visitors from Southeast Asia and Middle East (Oct 25)
An HK Economic Times article co-authored by a visiting scholar and a deputy manager of the School’s Center for Business and Social Analytics explored how to attract Southeast Asian and Middle Eastern tourists. The article mentioned that according to the latest data from the Wisers-HKUST Tourism Index, inbound tourists to HK will significantly increase this month, driven primarily by China's National Day Golden Week holiday.
Protecting Critical Computer Systems through New Legislation (Oct 21)
HK Economic Journal published a column article by Acting Dean Prof. Hui Kai-Lung on the necessity of a new legislation to protect critical computer systems.
HK Green Tech Summit (Oct 20-30)
According to reports by HKEJ, HK China News Agency and JDonline, HKUST's Green Finance Research Project held the first-ever HK Green Tech Summit in collaboration with GoImpact, and MioTech, a sustainability solution provider.
Nobel Prize Winners in Economics (Oct 18)
In an HK Economic Times column article on the new Nobel Prize winners in Economics, Prof. Emeritus Francis Lui, Department of Economics, discussed their contributions and the shortcomings of their ideas.
Inheritance Forum 2024 - Influential Charities (Oct 17)
According to HK Economic Times, at the "Inheritance Forum 2024 - Influential Charities" supported by the Roger King Center for Asian Family Business and Family Office and other institutions, the Center’s Director Prof. Winnie Peng participated at a panel discussion.
Accelerating FinTech Development (Oct 16)
HK Economic Times ran a column article by Chair Prof. LI Jiatao, Department of Management, on HK accelerating its FinTech development to cement its position as an international financial center.
Verifying Academic Credentials with Blockchain Technologies (Oct 14)
An HK Economic Journal article by Acting Dean Prof. Hui Kai-Lung explored how blockchain technologies can help stem out the use of fake academic credentials.
HK’s Growing Appeal as Destination for Family Offices (Oct 11)
In a Ming Pao report about HK’s growing appeal as a destination for family offices, Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng said that the economic takeoff in mainland China over the past 20 years has spurred demand for family offices, and HK's proximity to mainland China makes capital allocation and management easier. Assoc. Prof. Darwin CHOI, Department of Finance, stated that the growing share of companies in mainland China and elsewhere in HK’s stock market, reflects HK’s role as the link between international and mainland markets, and is in line with the global trend of internationalization.
Matriarch’s Crucial Role in Steering Family Business Succession (Oct 11)
In an HK Economic Times column article, Prof. Winnie Peng wrote about the significant role of the matriarch in the succession of family business.
Diversifying Macau’s Gaming-reliant Economy (Oct 11)
HK Economic Times published an article by Prof. Emeritus Francis Lui, Department of Economics, on the diversification of gaming-reliant economy in Macau.
Financial Literacy: Empowering Individuals and Communities (Oct 10)
In a gulfnews.com article on financial literacy, Associate Dean Prof. Allen HUANG was quoted as saying that university financial education significantly enhances students' saving and investment skills. Research from HKUST shows that education can reduce the likelihood of purchasing fraudulent financial products by up to 17%, he added.
Leveraging Strengths of GBA Cities to Drive Growth (Oct 9)
According to HK Economic Journal, Adjunct Prof. KC CHAN, Department of Finance, said during at the 2024 GBA Summit organized by HKEJ that some outstanding universities in HK are actively conducting scientific research, but the production and R&D are mainly located in SZ and GZ, adding that it is imperative for the Government to seek coordination to ensure HK's economic growth.
Staying Vigilant on Network Security Protection (Oct 7)
HK Economic Journal ran an article by Acting Dean Prof. Hui Kai-Lung on staying vigilant about network security protection and the spread of false information.
Applying Sun-Tzu’s Wisdom in China-US Military Race (Oct 4)
In an HK Economic Times article, Prof. Emeritus Francis Lui, Department of Economics, offered his take on China’s use of Sun-Tzu’s wisdom in China-US military race.
Addressing Hong Kong's Weaknesses in Attracting Talent (Oct 3)
An HK Economic Times column article by Chair Prof. Li Jiatao, Department of Management, explained the need for HK to step up efforts to attract and retain talent.