Highlights
HSBC and HKUST to Conduct on-Campus e-HKD Pilot Run
In reports by (front-page report), HKET, Oriental Daily News, Sing Tao Daily, Ming Pao, bastillepost, Line Today, SCMP and Intellasia.net, Chief Digital Officer of HSBC Hong Kong Bojan Obradovic and Assoc. Dean Prof. Allen HUANG elaborated on the HSBC HKUST e-HKD pilot to be conducted at HKUST campus, which will allow university members to make real-life purchases at retail outlets with the prototype e-HKD.
Analyzing Causes of Banking Turmoil
In an interview with HK Economic Journal Monthly, Asst. Prof. Deniz OKAT, Department of Finance, offered his analysis of the collapse of Silicon Valley Bank.
OTHERS
HKUST Faculty Named Members of Government Research Strategy Expert Group (May 31)
Various media, including i-CABLE and am730, reported that Prof. Emeritus Francis LUI, Department of Economics, was appointed a member of the Research Strategy Expert Group under the Chief Executive’s Policy Unit Expert Group.
Strong Market Demand for Family Offices in Greater China (May 31)
In an article published in eastmoney.com and jiemian.com on HK’s advantages in attracting family offices, Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie PENG was quoted as saying there is a large market demand for family offices in Greater China.
HKUST No.1 in HK in Economics and Econometrics Subject (May 25)
A feature article by Ta Kung Pao and tkww.hk on the curriculum and admission requirements of undergraduate program in economics mentioned that HKUST was ranked 31st globally and No.1 in HK in the subject of Economics and Econometrics in the QS World University Rankings by Subject 2023.
Balancing Service Quality and Safety (May 25)
In an HK Economic Times column article, Head and Chair Prof. GONG Yaping, Department of Management, wrote about striking a balance between quality and safety in the pursuit of high-quality hospital services.
Convention for Wenzhou Natives in Guangdong, HK and Macau (May 25)
According to a report by tkww.hk, Assoc. Dean Prof. XU Yan attended one of the roundtable sessions at the 8th Convention for Wenzhou Natives in Guangdong, HK and Macau.
Supporting the Young Generation (May 23)
Tkww.hk reported that Adjunct Prof. K C CHAN served as a judge of the Ten Outstanding Young Persons Selection 2023 to be held by Junior Chamber International Hong Kong.
HSBC to Test Out Potential Merits of e-HKD Through Pilot with HSBC (May 19)
Various media, including SCMP, The Standard, RTHK (English), FinanceAsia, i-Cable, Fintv, wenweipo, tkww.hk, mpfinance, dimsumdaily.hk, am730, RTHK (Chinese), BastillePost, hkej.com, line.me, etnet, quamnet, Yahoo HK, cnyes, Pchome, Mingpao, HK01, Sing Tao, Mingpao, HKET, investing.com, eastmoney.com, we54.com and sina.com.cn, reported that HSBC plans to conduct two pilot projects in the coming months, including an e-HKD payment ecosystem at the HKUST campus, utilizing the university’s research strength in fintech. In addition, HSBC and HKUST will explore potential solutions to combat payment fraud.
HK’s Integration with Other GBA Cities (May 19)
In his column in HK Economic Times and speakout.hk, Prof. Emeritus Francis LUI, Department of Economics, wrote about the importance for HK to integrate with other GBA cities.
Insights from Management Forecast Errors (May 18)
In an HK Economic Times column article, Asst. Prof. Yue ZHENG, Department of Accounting, wrote about how management forecast errors may yield useful information about a company’s future income.
Challenges Facing RMB as USD Alternative (May 12)
In his column in HK Economic Times, Sky Post and etnet, Prof. Emeritus Francis Lui, Department of Economics, wrote about the hurdles for the RMB to replace the USD.
Tackling AI Disruptions on Labor Market (May 11)
In an HK Economic Times column article, Chair Prof. J T Lee, Department of Management, wrote that it takes joint efforts by companies and their employees to tackle AI disruptions to the labor market.
Optimism over HK’s Economic Outlook (May 7-9)
SCMP, AsiaOne.com, XinHua Finance Agency and jiemian.com reported Prof. Emeritus Francis Lui, Department of Economics, spoke at the Wealth Management Expo 2023, where he expressed optimism towards HK’s economic outlook, with opportunities brought about by rapid developments in mainland China and "Belt and Road" countries.
Assessing Exposure to Climate-change Risks (May 7-9)
In a media interview with SCMP, Intellasia East Asia News and Intellasia.net, Adjunct Assoc. Prof. Entela BENZ, Department of Finance, spoke about the importance for HK companies to conduct thorough assessments of their assets and operations in relation to their exposure to climate-change risks.
Factors Contributing to De-dollarization (May 5)
In his column article in HK Economic Times and Sky Post, Prof. Emeritus Francis Lui, Department of Economics, analyzed the factors contributing to de-dollarization.
Human Abilities at Risk of Weakening with Rise of AI (May 4)
An HK Economic Times article by Senior Assoc. Dean and Chair Prof. HUI Kai-Lung, and PhD student Zhou Jiali, Department of ISOM, points to the risks of degenerating human abilities with the use of AI.
US Banking Crisis Provides Opportunities for Asian Banks (May 3)
In articles by ifeng.com and Sina on HK banks’ pilot plan of operating seven days a week, Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie PENG was quoted as saying that the collapse of some western banks may provide a good opportunity for Asian banks, and many family offices have distributed their assets globally. Prof. Emeritus Francis LUI, Department of Economics, was quoted as saying that all assets value held by US banks were declining with the interest rate hikes, resulting in the US banking crisis and investors racing to move their money to relatively neutral and safe places such as HK and Singapore.
Female Freelancers Up Against Glass Walls (May 1)
According to Harvard Business Review and Richmond News, a study co-led by Asst. Prof. Yonghoon LEE, Department of Management, showed how female freelancers are running up against glass walls and their abilities to grow their careers and shift into new, broader roles are limited.
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