HIGHLIGHTS
Faculty Expert Opinions on TV Programs (Apr 2 & 30)
Prof. Emily NASON, Associate Dean (Undergraduate Student Affairs) was interviewed by program – “Speak Up at Eight” (八時恭候). She introduced the highly competitive UG Global Business (GUBS) Program and talked about its admission tips and enriching curriculum including overseas study trips. Another TV program on TVB – “Future Scope” (看出個未來) looked into the future of social media and interviewed Prof. KOH Tat Koon, Department of ISOM. He commented on the changing roles of social media platforms and how emerging technologies today such as VR and new gadgets transform the way we live.
OTHERS
The Impact of Tightening Policy on Acquisition (Apr 29)
BBC.com reported that some countries in Europe like Germany due security reasons have tightened their policies on China’s acquisition activities. Prof. Edwin LAI, Director of Center for Economic Development, commented that it is important to look if China and the nation involved are regulating overseas acquisitions in a same or similar scale.
Depletion of Reserves in a Decade (Apr 25)
ODN and TaKungPao cited comments by Emeritus Prof. Francis LUI, Department of Economics. He warned in an RTHK radio program that Hong Kong could exhaust all its reserves in ten years if any economic recovery is slow. He advised that the government should follow the principle of keeping expenditure within the limits of revenues enshrined in the Basic Law.
Blockchain & Supply Chain Open New Door for Financing (Apr 23)
HK Economic Times carried an article by Prof. Allen HUANG, Department of Accounting, on the new opportunities to develop blockchain and supply chain applications in Hong Kong. He stressed that blockchain is an important tool for the banking industry to expand businesses and generate new sources of revenue in the future.
Post-MBA Career Path after an Internship (Apr 22)
Business Because featured a story on Daniel KERESTECI, alumnus of HKUST MBA Program, on the reasons why he chose HKUST MBA and how the qualification has helped his post-MBA career development. Daniel highlighted how the program has prepared students to connect business with technology including internship, and how it gave him a broad skillset to handle challenges and take on a new leadership role.
Online Education Widens Asia’s Digital Divide (Apr 21)
Times Higher Education cited comments by Chair Prof. HUI Kai-Lung, Department of ISOM, on whether online education will widen Asia’s digital divide. Prof. HUI pointed out that online class quality depends very much on the home environment and equipment, which tends to put poorer students at a disadvantage.
Graduate Employment Leads to Distress (Apr 21)
HK01 carried an article on graduate job-hunting. A final-year anonymous business student said she expressed concern over not being able to find a management trainee or graduate trainee position in large enterprises this year and felt stressed in the challenging job market this year.
China Economic Outlook (Apr 17)
BBC.com reported on China’s quarterly GDP data for Q1 2020, which posts a contraction as affected by the COVID-19 pandemic. When commenting on the economic outlook, Prof Albert PARK, Department of Economics, said the negative impact may not be fully reflected by the official figure as China could fail to completely track the productivity of all small businesses and self-employed people across the nation.
Blockchain Brings "Efficiency Revolution" to Shipping Industry (Apr 16)
HK Economic Times carried an article by Prof. Allen HUANG on how blockchain can improve the efficiency of the shipping industry. He commented that blockchain applications can improve the logistics and become the future development trend.
GBUS Student Named 2020 Rhodes Scholars (Apr 15)
India West featured a story of a final year student of Global Business Program, Siddartha DATTA, who was named among the 100+ Rhodes scholars in 2020 by the Rhodes Trust.
The Mao-era School Shutdown Has Changed Education in China (Apr 13)
ozy.com cited a commentary by Chair Prof. Albert PARK, Department of Economics/Social Science, on how the Mao-era school shutdown has changed the education in China. Prof PARK stressed that the Cultural Revolution is one of the biggest disruptions to education in the modern world.
Feasibility of “De-Sinicization” of the global supply chain (Apr 14)
bbc.com cited comments by Prof. ZHANG Hongtao, Department of ISOM, on an article about the global supply chain. Prof. Zhang said it is inevitable that some multi-nationals would move part of their capacity out of China to diversify risk, while the western governments would request production lines of products that are critical to national security be returned to their home countries after the COVID-19 outbreak ends.
The Gold Used in Electronics Brings Environmental Disasters (Apr 13)
onezero.com quoted Assistant Prof. KIM Yong H, Department of Management, on challenges of the supply chain sustainability, in an article that looks into how electronics are polluting the environment. Prof. KIM commented that companies might find it easier to prevent conflict minerals from entering their supply chains if they could source from a mine in a developing country and move through a series of smelters and refiners.
Fraud Allegations Against Chinese Companies (Apr 10)
BBC cited commentary by Prof. Allen HUANG, Department of Accounting, on the Luckin coffee case, saying that the recent spate of fraud allegations against the Chinese companies is just a coincidence.
Do Not Count on Chinato Lift the Global Economy (Apr 9)
Foreign Affairs Magazine cited comments by Chair Prof. Albert PARK, Department of Economics/Social Science, on why China is unlikely to become the driver of the global economy. Prof. PARK pointed out that the high-end sectors like information and technology of China is not growing fast enough.
Major Trends of Blockchain (Apr 9)
HK Economic Times carried an article by Associate Prof. Allen HUANG, Department of Accounting, on how blockchain is helping to fix global supply chain disruptions caused by the COVID-19 outbreak. He highlighted that blockchain will have a promising contribution to our future economic growth.
US Government’s Propaganda on Fighting Convid-19 (Apr 7)
speakout.hk featured an article by Emeritus Prof. Francis LUI, Department of Economics, on how the US government is trying to shift the responsibility to China by its publicity strategy in its fight against Covid-19. Meanwhile, a number of news portals, including Cyber CTM and hkcna.com cited his comments on US’s economy amid the coronavirus pandemic, saying that the US unemployment rate could increase to over 10%.
The Pandemic Changed Patterns of Consumer Psychology (Apr 2)
SCMP cited comments by Prof. Anirban MUKHOPADHYAY, Department of Marketing, on whether Covid-19 would bring long-lasting changes to people’s habits or behavior. He expressed his views that people tend to adapt to events and stimuli over time.
Nurturing Cross-disciplinary Fintech Talent (Apr 2)
HK Economic Times featured an article by Adjunct Associate Prof. HONG Weiyin, Department of ISOM, on nurturing Fintech talent, including a professional qualification program jointly offered by HKUST, the China Banking Association, the China Construction Bank University and Shenzhen University, for practitioners in China.
Unrealistic for HK to Develop Manufacturing Industries (Apr 2)
Wen Wei Po cited comments by Prof. Emeritus Francis LUI, Department of Economics, in an article on HK’s future. He expressed his views on why it is unrealistic for HK to develop local manufacturing industries, such as production of face masks, as these are no long-term commodities needed by the market.