HKUST Business School Magazine

Contents Insights and News from the HKUST Business School 4 THE RIGHT PLACE Christopher HUI, Secretary for Financial Services and the Treasury, HKSAR Government 16 GUIDING LIGHT Dr. Vincent LO, Founder and Chairman of Shui On Group 20 FINDING TRUE NORTH Maximilian MA, Chairman of Lee Heng Diamond Group 24 DIFFERENT STROKES David LEE, Owners Council Chair and Director of the Lee Kum Kee Group 28 BUILDING ON SUCCESS Kathryn SHIH, Board Member of Julius Baer and Former Asia-Pacific President of UBS AG 32 RAISING THE BAR FOO Mee Har, CEO of the Wealth Management Institute 36 A BRIGHTER FUTURE Professor Denise KENYON-ROUVINEZ, Member of the World Economic Forum Expert Network 8 HOLDING THE FAMILY TOGETHER WHEN THE FOUNDER’S BUSINESS IS GONE By Professor Roger KING Roger King Center for Asian Family Business and Family Office HKUST Business School 12 HOW ASIAN FAMILIES COULD SHAPE THE FUTURE VIA IMPACT CREATION By Professor Winnie PENG Roger King Center for Asian Family Business and Family Office HKUST Business School 40 ENHANCING CORPORATE GOVERNANCE FOR FAMILY-CONTROLLED LISTED FIRMS By Professor CHEN Tai-Yuan Department of Accounting HKUST Business School 44 FIRST MOVER ADVANTAGE? FAMILY BUSINESSES AND SUSTAINABLE FINANCE By Professor Veronique J.A. LAFON-VINAIS Department of Finance HKUST Business School 48 BUILDING VIBRANT ALUMNI COMMUNITY Photo showcase of alumni engagement events in various cities 52 CELEBRATING EXCELLENCE: SCHOOL AND STAKEHOLDERS’ ACHIEVEMENTS Accomplishments on different fronts testify to pursuit of excellence 55 EMPOWERING GENERATIVE AI FOR FINANCE AND INVESTMENT Hong Kong's first open-source large language model for financial generative AI applications 56 CASE IN POINT Students enhance business skills through case competitions 58 SOCIAL LIFE Research center uncovers valuable insights by analyzing business and social data 60 MASTERING THE ART OF MARKETING New Master of Science program in marketing M ANAGING F AMILY L EGACY COVER INSIGHT FEATURE