Highlights
HKUST's InvestLM: Hong Kong's First Open-Source Large Language Model
Various media, including 881903.com, Mirage News, HKET, Line Today, HKET2, HKEJ, epochtimes, quamnet, infocastfn, National Tribune, bhkaec.org.hk, inews.hket.com , Ezone (1) and Ezone (2), reported that a research team at the School has developed InvestLM, HK's first open-source large language model (LLM) for financial generative AI (GenAI) applications. Dean Prof. TAM Kar-Yan said that developing LLMs in-house can help financial firms gain competitive edge through the application of generative AI, while retaining better control over proprietary information and customers’ data. Member of the research project team Associate Prof. YANG Yi, Department of ISOM, hopes that InvestLM can serve as a useful reference for industry practitioners in the financial sector and beyond who want to unlock the power of generative AI.
OTHERS
Academy for Wealth Legacy Goes Beyond Wealth Management (Nov 30)
In an HK Economic Times article, Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie PENG wrote about the three major objectives of the HK Academy for Wealth Legacy besides wealth accruement.
On APEC in San Francisco (Nov 24)
In an HK Economic Times article, Prof. Emeritus Francis LUI, Department of Economics, offered his observations from the APEC in San Francisco.
Analyzing Awareness of "Night Vibes HK" Campaign (Nov 23)
HK Economic Times published a column article by Senior Assoc. Dean Prof. HUI Kai-Lung and Wern NGO, Asst. Manager of HKUST Center for Business and Social Analytics, on the impact of the "Night Vibes HK" Campaign on local tourism. It was mentioned that the latest Wisers-HKUST Tourism Index has included the "Night Vibes HK" Campaign as one of the factors in assessing the development of local tourism.
On Biden-Xi dialogue (Nov 23)
Bruegal.org published an article by Adjunct Prof. Alicia GARCIA HERRERO, Department of Economics, on the importance of the Biden-Xi dialogue for a successful EU-China Summit in Beijing.
Downturn in Investment Banking (Nov 21, 22, 29)
In a report published in Bloomberg, SCMP, Financial Post, The Straits Times, Yahoo News, The Business Times, Photonmedia.net, American Banker and FT.com on the downturn in investment banking in HK, Assoc. Prof. of Business Education Veronique LAFON-VINAIS, Department of Finance, was quoted as saying that the golden era of high-flying investment bankers and advisers is pretty much gone.
Research Paper on AI-Powered Trading (Nov 21)
Fair Observer reported that Assoc. Prof. JI Yan, Department of Finance, co-authored a research paper titled “AI-Powered Trading, Algorithmic Collusion, and Price Efficiency” with the professors from The Wharton School of the University of Pennsylvania.
Lessons from Japan’s Economic Stagnation (Nov 17)
HK Economic Times ran a column article by Prof. Emeritus Francis Lui, Department of Economics, on what China can learn from Japan's economic stagnation over the past 40 years.
Embracing Fintech Development (Nov 17)
According to HK01, Senior Assoc. Dean Prof. Hui Kai-Lung was invited to an online talk about HK’s fintech industry hosted by Ms. Carrie Leung, Chief Executive Officer at The Hong Kong Institute of Bankers.
Gendered Corporate Political Donation (Nov 17)
According to mbachina.com, Asst. Prof. WANG Danqing, Department of Management, shared her recent article titled "Female Politicians and Gendered Corporate Political Donation in Taiwan: An ESG Perspective" at the HKU Frontiers in ESG Research Workshop to discuss how female politicians respond to corporate political campaign donations.
On HK’s New Academy for Wealth Legacy (Nov 16)
HK Economic Times published a column article by Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng on the establishment of HK Academy for Wealth Legacy as well as the development of family offices in HK.
Ethical Issues in Pharmaceutical Industry (Nov 15)
According to mbachina.com, the MBA program will host a masterclass in GZ and SZ, where Asst. Prof. David HAGMANN, Department of Management, will delve into the complexity of ethical issues in the pharmaceutical industry through case studies of Merck Group and Turing Pharmaceuticals, highlighting the importance of attention economy.
Tips on Gaining Admission (Nov 14)
According to Ming Pao, UG Programs Assoc. Director Prof. SIU Kam-Wing shared the School’s admission criteria, interview tips, and the path to the development of future business elites and leaders at the Ming Pao Education Expo 2023. A Secondary 6 student was quoted that he is planning to apply for the School’s programs.
Faculty Appointed to HK Academy for Wealth Legacy (Nov 10)
According to The Standard, Finews Asia, HKET, HKET 2, HKEJ, am730, Line Today, and Sina, Senior Advisor of the Roger King Center for Asian Family Business and Family Office Prof. Roger KING was appointed as one of the board members of the HK Academy for Wealth Legacy, which is set up by the Financial Services Development Council to elevate HK's status as an international family office hub.
Preventing Suicide Cases with Big Data Analysis (Nov 9)
In an HK Economic Times column article, Senior Assoc. Dean Prof. Hui Kai-Lung shared his views on using big data to capture the causes of suicide to prevent emotional spillover and contagion.
Asia’s Universities Attract Next Generation Wealthy (Nov 8)
In a report published in FT.com, and udn.com on the trend that wealthy Asian families are increasingly sending their younger generations to study at homegrown universities, Prof. Winnie Peng, Director of the Roger King Center for Asian Family Business and Family Office, said that there is a growing interest and trend for Asia to become a preferred destination for higher education. She added that Asia has caught up with the US and is viewed as a promising place for studying and working, given its potential for future growth. Meanwhile, the number of applications for HKUST’s MSc in Finance program this year was double the pre-pandemic level — with many now coming from mainland China.
HK regulator Issues Tokenized Investments Requirements amid Demand (Nov 7)
An article published in Cointelegraph, Cointurk News, Trading View, Crypto News, Ailtra and Algoine on HK regulators' efforts to issue tokenized investments requirements, cited the results from a survey conducted by the school, which revealed that the JPEX saga has negatively impacted the investor's willingness to invest in crypto.
China Best Managed Companies Program (Nov 6)
Various media, including China Daily, hkcd, World News, Chinanews.com, eastmoney.com, Ifeng.com and Sina.com, reported about the 6th China Best Managed Companies (BMC) program. Dean Prof. Tam Kar-Yan said that as a joint initiator and academic strategic partner of the program, HKUST will assist in summarizing China BMC cases to propel companies to optimize their management for sustainable development.
Sharing Insights on AI Development (Nov 3)
Adjunct Assoc. Prof. HE Chao, Department of ISOM, recently spoke at a forum on the development of AI held in Macau, according to HK Commercial Daily.
Hong Kong’s Policies on Encouraging Childbirth (Nov 3)
In an HK Economic Times column article, Prof. Emeritus Francis Lui, Department of Economics, commented on the effectiveness of the policies on encouraging childbirth proposed in the Policy Address.
Central Bank Policies (Nov 2)
In a video interview with Bloomberg Markets Asia, Prof. of Business Practice Dr. Paul KITNEY, Department of Economics, discussed the policy moves by the Bank of Japan and the US Federal Reserve and also shared his assessment of the Chinese economy.
Lessons from JPEX Incident (Nov 2)
In an HK Economic Times column article, Associate Dean Prof. Allen HUANG and Head of Fintech and Green Finance Projects Christy YEUNG wrote about HK’s lessons learned from the JPEX incident, and ways to prevent similar issues in the future.
Israeli Policy towards Palestinians (Nov 2)
n a Master Insight video commentary, Prof. Emeritus Francis Lui, Department of Economics, offered his views on Israeli government's policy towards Palestinians and the influence of US in the Middle East.