Highlights
HKUST Launches Center for Technology and Business Ecosystem
Various media reported that School has launched the Center for Technology and Business Ecosystem to help guide businesses through the technological shifts. It will focus its research on how emerging technologies, such as AI and robotics, are reshaping business ecosystems and strategies. Acting Dean Prof. HUI Kai-Lung said the Center has been finalizing partnership agreements with a couple of HK and mainland firms to take part in a study. The establishment of the center was made possible through a donation from Dr. HU Yu, Co-founder of iFLYTEK.
(RTHK, RTHK (2), Ming Pao, Mingpao 2, HK BusinessWire, CRHK, HK Commercial Daily, Wenweipo, Finance 730, Capital, aastocks, quamnet, infocastfn.com, dotdotnews, stockfisher.com, Line Today, internet.com.hk, Yahoo)
School Experts Share Insights on Stablecoins-related Developments
The Stablecoins Ordinance will come into effect on August 1. In an HK Economic Journal report series about investors’ growing interest in stablecoins, Acting Dean Prof. HUI Kai-Lung mentioned that as the stablecoin market in HK is in its infancy with a relatively small market size, investors should be cautious of hype surrounding related stocks. (article 1). Prof. Hui said the main regulatory concern with cryptocurrencies is the risk of money laundering, as public transaction chains are hard to monitor, whereas the banking system can quickly block suspicious transactions through intermediaries. (article 2 and article 3)
Various media reported that HKUST Institute for Financial Research (IFR), Crypto-Fintech Lab, and OKG Research co-hosted a seminar on stablecoins featuring the launch of the "Web3 Payment Research Report". In his opening remarks, IFR Asst. Director Dr. TANG Bo stated that the stablecoins legislation could be an opportunity for HK to leverage Web3 to empower the real economy and attract global enterprises to the city. (Ifeng.com, stcn.com, dyhjw.com, eastmoney, sina.com.cn, eastmoney 2, Cls.cn, nbd.com.cn, sina.com.cn, eastmoney, sina.com.cn 2)
In a media interview published in Nbd.com.cn, eastmoney,mrjjxw.com, itbear.com.cn, itbear.com.cn 2, IFR Asst. Director Dr. Tang Bo said that stablecoins present unique value in cross-border payment, inclusive finance, green finance and digital transformation, yet poses challenges on the regulatory front.
In an SCMP article highlighting HK as a "first mover" in stablecoins legislation, IFR Asst. Director Dr. Tang Bo stated that the city’s near-simultaneous legislative push with the US underscored the intensifying East-West contest over financial influence in the digital era. (article 1, article 2) In an interview with Wenweipo, Dr. Tang noted that as global push for stablecoin legislation accelerates, HK can leverage its advantages to develop into a global FinTech hub, backed by promising stablecoin application scenarios in Mainland China.
OTHERS
Supporting Development for AI Applications (Jun 30)
HK Economic Journal published a column article by Acting Dean Prof. Hui Kai-Lung on the development of AI applications.
Stock Market Bubbles Hasten Wealth Transfer (Jun 28)
An HK Economic Journal column article by Director of HKUST Institute for Financial Research Prof. LOU Dong delved into the transfer of wealth after the bursting of stock market bubbles.
Contrasting Strategies in Supporting Scientific Research (Jun 27)
In an article published in Bauhinia and HK Economic Times, Prof. Emeritus Francis LUI, Dept of Economics, wrote about how the US is undermining its scientific research while China is accelerating innovation. An HK Economic Times article by Prof. Lui reveals the inside stories of the US' strike on Iran.
Climate Risks Impact Stock Market (Jun 27)
An HK Economic Times article by Research Asst. of the School’s Center for Business and Social Analytics Kamila ABDRASSILOVA discusses how the Hong Kong Climate Policy Uncertainty Index affects the stock market.
Pragmatism Prevails despite Trade Conflicts (Jun 27)
Various media reported on the remarks by Research Chair of the HKUST Institute for Financial Research Prof. JIN Keyu at the 2025 Summer Davos. She noted that pragmatism still prevails, despite global challenges and trade conflicts. China’s countermeasures against the trade war initiated by President Trump have been internationally praised, and that China’s economy continues evolving toward innovation, services, and consumption while maintaining export strength.
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Camtech, HKUST Partner To Nurture Next-Generation Business Leaders (Jun 25)
According to Khmer Times, the School and the Cambodia University of Technology and Science signed a MoU to advance research and education aimed at nurturing Cambodian next-generation business leaders through the development of family enterprises. The MoU was signed by the School’s Associate Dean Prof. FONG Yuk-Fai, and CamTech University VP for Academic Affairs Dr. Phirom LENG.
Measuring AI Effectiveness in Improving Productivity (Jun 23)
In an HK Economic Journal article about tolerating derivative creation while protecting the original work, Acting Dean Prof. Hui Kai-Lung analyzed the impact of AI-generated images on original creations. In another article, he wrote about measuring AI effectiveness in improving productivity.
Expediting Development of Low-Altitude Economy (Jun 21)
In an HK Economic Times column article, Chair Prof. LI Jiatao, Dept of Management, called on HK to accelerate legislation and infrastructure construction to boost low-altitude economy.
US Protests Signal Potential Political Upheavals (Jun 20)
HK Economic Times ran a column article by Prof. Emeritus Francis Lui, Dept of Economics, on potential political upheavals triggered by US protests.
Family Businesses Transforming into Family Offices (Jun 18)
Various media reported that Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie PENG delivered a speech at the 4th China Next-gen Entrepreneurs Forum, analyzing the trends and strategies of family businesses transforming into family offices.
(Ifeng.com, sina.cn, TOM, zgshwz.com.cn, cctime.com, kanshangjie.com, xinxunwang.com, chinaidr.com, zgcsb.com, iewzx.com, cnfol.com, dfjjwa.com, iresearch.cn, hscbw.com, jntimes.cn, shenchuang.com, e23.cn, 123.com.cn, media-outreach.com, sina.com.hk, Alvin Lim, BizWire Express, Bluefield Daily Telegraph, CRWE World, malaymail, smartinvestor, Superadrianme, The Sun Daily, VietNam News, WhaTech, dbpower.com.hk, quamnet, etnet, sina.com.hk, Siam News Network, Forever News, taiwannet.com.tw, News Patrolling, SME, apnews.com, am730, BusinessFocus, thehubnews.net, Morningstar.com, udn.com, etnet 2, 88iv.com, Binnovator, Hong Kong Invest, taiwannet.com.tw 2, businesstimes.com.hk)
Why Active ETFs are Threatened with Short Attacks (Jun 18)
A research paper on active ETFs by Asst. Prof. Eyub YEGEN and PhD student Yuet CHAU, Dept of Finance, and BIS economist Karamfil Todorov was featured in German business newspaper Capital.
HK Poised to Win The Stablecoin Race (Jun 17)
In a China Daily - HK commentary article on HK's Stablecoins Ordinance, it was mentioned that Asst. Director of HKUST Institute for Financial Research Dr. Tang Bo aptly observed that the near-simultaneous legislative initiatives in HK and the US reflect an "intensifying East-West contest" over financial influence in the digital era.
Students’ Decision-Making in Program Applications (Jun 17)
According to reports by MSN, Pchome, WNEWSS, can.com.tw, yam.com, Chair Prof. CHEN Ying-Ju, Dept of ISOM, attended an academic exchange workshop organized by National Science and Technology Council in Taiwan and discussed the decision-making mechanisms of students in program applications under the theme of "Postgraduate program applications: simultaneous search, sequential outcomes, and reservation fees."
Private Equity Outpaces Banks in Scramble for Graduate Talent (Jun 16)
In an FT article on private equity outpacing banks in scramble for graduate talents, Raymond XIAO, Head of MSc Career Development, was quoted as saying that front-office roles remain limited and employers are becoming more selective. He noted a steady demand in private banking, wealth management and roles such as compliance and risk.
Rational Understanding of AI (Jun 16)
HK Economic Journal published a column article by Acting Dean Prof. Hui Kai-Lung about understanding AI rationally and refraining from overinterpreting results of recent tests.
Tariff Moves Aimed at Deterring China's Economic Growth (Jun 15)
According to Bastille Post, Prof. Emeritus Francis Lui, Dept of Economics, said in a TV program on the national security law that the US's move of imposing high tariffs on different countries and regions aims to extort other countries and deter China's economic growth.
Five Strategies for Lasting Business Success (Jun 13)
An HK Economic Times column article by Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng examined the five strategies that help enterprises achieve lasting success.
Bitcoin Prices Hit New High (Jun 10)
In an article published in Caijing.com and Sina about Bitcoin, IFR Asst. Director Dr. Tang Bo was quoted as saying that while investors are currently highly enthusiastic about the cryptocurrency market, many projects carry legal risks and flaws that require careful scrutiny.
AI Facilitates Work (Jun 9)
An HK Economic Journal article by Acting Dean Prof. Hui Kai-Lung looked into how AI can facilitate work, adding that AI will not replace all jobs performed by humans.
US Undermines its Own Soft Power (Jun 7)
A Bauhinia column article by Prof. Emeritus Francis Lui, Dept of Economics, delved into how the Trump administration's policies are wiping off the US soft power.
Banks Tightening Performance Covenants for Borrowers (Jun 7)
An HK Economic Journal column article by Asst. Prof. Arthur MORRIS, Dept of Accounting, explained why banks tighten performance covenants for borrowers when capital comes under pressure.
Implications of China-US Tension for HK Economy (Jun 6)
An HK Economic Times column article by Prof. Emeritus Francis Lui, Dept of Economics, discussed the China-US tension and its implications for HK economy.
Projects in Pipeline for Tourist Hotspot Development (Jun 6)
HK Economic Times published a column article by the School’s Center for Business and Social Analytics Assistant Manager NGO Wern and Visiting Scholar LIM Hyungsoo on the nine projects related to the development of tourist hotspots in HK to enhance the city's appeal to visitors. It was mentioned that according to data from the Wisers-HKUST Tourism Index, a peak of visitor arrivals is expected in Jun.
Faculty Recognized for Business Mentoring (Jun 4)
Various media reported Director of Roger King Center for Asian Family Business and Family Office Prof. Winnie Peng was named a winner of the "Outstanding Business Mentor of the Year" award at the 7th Forbes China Insurance Elite Awards. (Caijing.com.cn, ifeng.com, chnews.net, cnfina.com, sina.com.cn, zzsz.net.cn)
Protecting Original Works while Fostering Parody Creation (Jun 2)
HK Economic Journal ran an article by Acting Dean Prof. Hui Kai-Lung on accommodating parody creation while protecting original works.