HIGHLIGHTS
Beijing One Million Dollar Entrepreneurship Competition Launched
More than 20 mainland news portals reported on the launch of the HKUST One Million Dollar Entrepreneurship Competition in Beijing. They said the competition has extended from Hong Kong to four other cities since last year, including Beijing, Guangzhou, Shenzhen and Macau. With an aim to promoting entrepreneurship, the competition in Beijing is now open for application, and its regional final contest is scheduled on 1 July. Finalists in the city may share as much as one million yuan if they are selected by a voting committee. The top three winners of each city will compete in the Grand Final to be held at HKUST Fok Ying Tung Research Institute in Nansha in August. (, 人民網, 鳳凰網(遼寧頻道), 搜狐(教育頻道), 遼一新聞, 中華網城市頻道, 騰訊(大遼網), 中國城市文化網, 新浪內蒙古, 慧聰網, 中國網(中國視窗), 安徽新聞網, 中國科技網, 中青線上, 央廣, 今日頭條)
OTHERS
The Dangerous Side of ETFs
USA Today (1 Feb) featured a paper on ETF (Exchange Traded Fund) - co-authored by Professor Utpal Bhattacharya, Department of Finance. His study “Abusing ETFs” finds investors who own ETFs have performed worse, on average, than those who have avoided them. To show that ETFs were the cause of this reduced return, the study analyzed the transactions undertaken over a five-year period by nearly 8,000 clients of a German on-line brokerage firm. Meanwhile, IGNITES, fund management news from Financial Times (10 Feb), also featured the study.
Comparing the Jewish Diaspora and Overseas Chinese
Jewish Times Asia reported on a talk conducted by Tel Aviv University at the Jewish Community Centre. Guest speakers of the event included Professor Roger King, the Founder and Director of the Tanoto Center for Asian Family Business and Entrepreneurship Studies. He explained and compared many similarities between the overseas Chinese and the Jewish Diasporas. Link
Trump Administration Represents More Opportunities than Challenges (21 Feb)
Hong Kong Economic Journal carried a commentary (解牛集) by Prof Jerome Yen, Department of Finance. He looked into China’s opportunities under Donald Trump’s presidency. Link
Policy and Budget by Carrie Lam (17 Feb)
Sky Post and HKET carried a commentary by Emeritus Professor Francis Lui. He commented on the manifesto of the CE contender Carrie Lam from various aspects. Link
To Develop Fintech Talent (16 Feb)
Sing Tao carried a supplement on postgraduate education and looked into different popular programs in Hong Kong. Dean Professor Kar Yan Tam commented on the skills required for Fintech talent, including cross-disciplinary knowledge on business and information technology as well as strong analytical skill. He also suggested the value of equipping oneself by taking MBA courses.
MBA Startup (14 Feb)
Sky Post reported on a venture Origami LABS, with its product - an audio wireless communication device – to be launched in May. The startup is setup by three HKUST MBA alumni. Link
How to Achieve the Objectives in the Budget (14 Feb)
Hong Kong Economic Journal carried a commentary (解牛集) by Dr Kelvin Mak, Department of Accounting. He predicted the upcoming budget proposal in relation to the highlights of the policy address released. Link
Impacts of Food Delivery Apps (11 Feb)
SCMP carried a feature story looking into “food delivery apps” and how they threaten Hong Kong’s food culture and peoples’ health’. Professor Anirban Mukhopadhyay, Department of Marketing, sees the rise of convenient food delivery apps a threat to public health and traditional diet. Link
Comment on CE Contestants (10 Feb)
Sky Post and HKET carried a commentary by Emeritus Professor Francis Lui. He compared and looked into the differences of the two CE contestants John Tsang and Carrie Lam. Link
Nurturing High School Students to be Entrepreneurs (8 Feb)
Sky Post reported that HKUST GBUS students who have provided voluntary coaching to students from secondary schools for the Young Innovators Bazaar. The bazaar has been organized for the past five years by Project WeCan, a Business-in-Community initiative to empower secondary school students who are disadvantaged in learning. GBUS Program Director Professor Emily Nason was quoted as saying that the Young Innovators Bazaar has provided an idea platform for students to put their knowledge into real-life practice. Link
Collective Citizenship Behavior in High-Level Management Teams (8 Feb)
SCMP Education Post carried a research summary by Professor Yaping Gong, Department of Management. Professor Gong examines the possibility of increasing performance by engaging in “Collective Organizational Citizenship Behavior” (COCB). Link
Trump Presidency Likely Lead to a Bear Market (7 Feb)
Hong Kong Economic Journal carried a commentary (解牛集) by Professor Jerome Yen, Department of Finance, on the possible financial turmoil in the US under Trump’s “totalitarian” governance. Link
Dispute over the Universal Retirement Protection (3 Feb)
Sky Post and HKET carried a commentary by Emeritus Professor Francis Lui. He made an analysis on the CE candidates’ argument regarding the feasibility and problems of the Universal Retirement Protection proposal. Link