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FROM CUHK: Sustaining Its Success in Dialogue with Women Chief Executives and Mentorship Programme 2019-20
Running into its second year, the programme theme of this year is “sustained success”. It continues to promote equal opportunity and to empower female professionals at the workplace. Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance first introduced the new initiatives of the dialogue and emphasized the importance of talent diversity in making successful teams. Ms. Ivy Au Yeung, Former CEO Hong Kong, ANZ and the convener of the group of Women Chief Executives said, “Through our advocacy, we hope to help women unleash their full potential and ultimately move up the career ladder by strengthening awareness, education, and enablement.”

During the first dialogue, Prof. Andy Wong, Associate Dean (Undergraduate Studies) and Associate Professor of Practice in Marketing of CUHK Business School served as the moderator of the panel session. He invited three women chief executives to speak on this year’s theme. They included Ms. Christine Ip, Managing Director and Chief Executive Officer (Greater China), United Overseas Bank Limited; Mrs. Ann Kung, Deputy Chief Executive Officer, Bank of China (Hong Kong) Limited; and Ms. Maaike Steinebach, General Manager, Visa (Hong Kong and Macau).

The panel shared how their upbringing and failures inspired success and gave their own definitions of success. Ann finds success to be able to do what one likes and is passionate about. She hoped students could identify their areas of improvements and stay positive. Christine’s version of success means making everyone see their importance in life and being a blessing to others. She advised students to practise discipline to get what they want. Considering finding a role in life that one enjoys successful, Maaike encouraged students to follow their hearts and make their own path.









Since its inauguration in 2018, over 1,000 secondary school students, teachers and principals, as well as female chief executives and professionals participated in the dialogue series. It will provide students with first-hand insights from senior executives through sharing, mentoring and coaching. The thought-leadership platform is supported by the Women Chief Executives group and 14 leading local and international financial services institutions, namely ANZ, Asia Insurance, Bank of China (Hong Kong), Bank of Montreal, BNY Mellon, Citi, HSBC, ICBC (Asia), Mastercard, Rabobank, Standard Chartered, UBS, UOB, and Visa.

This Dialogue with Women Chief Executive series is also part of the new, mandatory credit-bearing course “Business Lecture Series” for the School’s undergraduate students. Through meeting and interacting with leaders from business industries and professions, students can stay abreast of current developments in business sectors and gain valuable industry insights. It will also nurture students with forward-looking mindsets and enhance their abilities to reflect on business issues.









The post Sustaining Its Success in Dialogue with Women Chief Executives and Mentorship Programme 2019-20 appeared first on CUHK Business School.
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FROM CUHK: CUHK Professional Accountancy Alumni Seize Half of the Awards at HKICPA Qualification Programme
This year, the Professional Accountancy graduates received eight out of 16 awards of the HKICPA QP Programme. Two of them got the highest aggregate score in the four modules of the QP examination and were awarded the Institute of Chartered Accountants in England and Wales (ICAEW) Prize. It is the third consecutive session that PACC graduates brought home half of the programme awards. The awardees included:

June 2019 Session

  • Module A – Financial Reporting: Chan Yuk-chi (PACC 2018)
  • Module B – Corporate Financing: Leung Kin-chung (PACC 2019)
  • Module D – Taxation: Ko Tsz-ching, Lourdes (PACC 2019)
  • ICAEW Prize: Chan Chi-kin (PACC 2018)
December 2018 Session

  • Module A – Financial Reporting: Ngai Sau-man (PACC 2018)
  • Module C – Business Assurance: Wong Man-yim (PACC 2017)
  • Module D – Taxation: Lee Man-shan (PACC 2018)
  • ICAEW Prize: Poon Wing-ka, Stephanie (PACC 2017)


The Director and Associate Director of PACC Programme, Dr. Edmund Wong and Mr. Eric Leung, also attended the ceremony to congratulate the alumni on their remarkable performances. Mr. Leung commented, “I have to admit that the QP examinations are challenging as they focus much on the application of concepts and integration of knowledge. We are glad to see that our graduates could professionally demonstrate the skills required by HKICPA. I hope they could further equip themselves both within and outside their professions.” Dr. Wong also added, “These outstanding results of our PACC graduates serve as a strong testimony of the excellent teaching quality of CUHK’s School of Accountancy.”

The HKICPA Qualification Programme is a comprehensive training programme that provides the knowledge and skills necessary to become a Certified Public Accountant (CPA). QP builds on an accounting degree and progresses to course work and examinations. Candidates will also participate in workshops that simulate issues they will face at work as a CPA. They will then go on to real-world experience, gained under the tutelage of a CPA, which prepares them to assume roles with greater responsibility.

The post CUHK Professional Accountancy Alumni Seize Half of the Awards at HKICPA Qualification Programme appeared first on CUHK Business School.
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FROM CUHK: Team CUHK Took Home the Championship at 2019 CUHK-LSEG Trading Competition
A total of 122 teams of over 200 undergraduate and postgraduate students were admitted to join the two-round trading competition held between 23 September and 18 October 2019. The team comprising Ms. Maria Sbarbarti (Master of Science in Finance) and Mr. Hiep Vu (Master of Science in Business Analytics) from CUHK Business School beat the rest of the contestants and emerged champion at the competition.

At each round, the participating teams had to maximise their profits through buying and selling of various securities admitted to trading on the London Stock Exchange including equities, international order book (GDRs), fixed income and ETFs. After the first round, the top five teams from each university proceeded to the final round.









Held at CUHK Business School’s financial trading lab, the fifteen finalist teams executed an exciting 30-minute final round of trading before the top three and the special bonus prize winners were announced. All finalists were presented with award certificates.

The winning teams were:

  • First Prize: Ms. Maria Sbarbarti (MSc in Finance) and Mr. Hiep Vu (MSc in Business Analytics) from CUHK Business School
  • Second Prize: Mr. Mok Ka Ho (BBA in Finance, and in Information Systems) and Mr. Wong Wai Hung (BBA in Operations Management, and in Marketing) from HKUST
  • Third Prize: Mr. Ngok Yuen Chung (BSc in Actuarial Science) and Mr. Yan Tsz Ho (BSc in Actuarial Science) from HKU
  • Special Bonus Prize: Ms. Ko Wai Mei (BBA in Finance, and in Information Systems) and Ms. Wong Wing Lam (BBA in Finance, and in Information Systems) from HKUST
The prize for the champion team is a sponsored trip to attend an insight week at the headquarters of the London Stock Exchange, while the second prize team won an opportunity to attend the LSEG Greater China Conference in Beijing on 5 November 2019. Meanwhile, the third prize and special bonus prize teams won entry tickets to the LSEG International Investment Forum in Hong Kong.

Prof. Seen-Meng Chew, Associate Professor of Practice in Finance at the Department of Finance, and Associate Director of MBA Programmes at CUHK Business School remarked, “This is our first time partnering with LSEG to organize a large scale trading competition involving three universities, and the participation rate had been overwhelming. Through a real-life trading platform, students had a chance to apply theories they learnt from classrooms into practice. Our partnership with LSEG and other leading institutions in the industry will create tremendous opportunities for our students.”

Prof. Joseph Cheng, Chairman of the Department of Finance at CUHK Business School which sponsored the prizes, concluded, “We have invested significantly into our financial trading lab, and students had the opportunity to use resources available at the lab including Bloomberg, Reuters and Mergent Online, to perform stock research and analysis during the competition. We will continue to invest in modern infrastructure that will complement our first-class finance programmes to provide the best learning experience for our students. Congratulations again to the winning teams and I wish all participants every success in their future careers!”

The CUHK Business School would like to give its special thanks to Mr. Marcus Van Abbé, Head of Business Development APAC at LSEG, who worked tirelessly to ensure the success of this competition. We also like to express our gratitude for Ms. Charmaine Lo, CEO of Actelligent Group, and Mr. Frank Ho and Mr. Walter Cheung from Contrendian, for providing support to participants throughout the competition.

The post Team CUHK Took Home the Championship at 2019 CUHK-LSEG Trading Competition appeared first on CUHK Business School.
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FROM CUHK: Team CUHK Takes Home the Championship at 2019 CUHK-LSEG Trading Competition
A total of 122 teams of over 200 undergraduate and postgraduate students were admitted to join the two-round trading competition held between 23 September and 18 October 2019. The team comprising Ms. Maria Sbarbarti (Master of Science in Finance) and Mr. Hiep Vu (Master of Science in Business Analytics) from CUHK Business School beat the rest of the contestants and emerged champion at the competition.

At each round, the participating teams had to maximise their profits through buying and selling of various securities admitted to trading on the London Stock Exchange including equities, international order book (GDRs), fixed income and ETFs. After the first round, the top five teams from each university proceeded to the final round.









Held at CUHK Business School’s financial trading lab, the fifteen finalist teams executed an exciting 30-minute final round of trading before the top three and the special bonus prize winners were announced. All finalists were presented with award certificates.

The winning teams were:

  • First Prize: Ms. Maria Sbarbarti (MSc in Finance) and Mr. Hiep Vu (MSc in Business Analytics) from CUHK Business School
  • Second Prize: Mr. Mok Ka Ho (BBA in Finance, and in Information Systems) and Mr. Wong Wai Hung (BBA in Operations Management, and in Marketing) from HKUST
  • Third Prize: Mr. Ngok Yuen Chung (BSc in Actuarial Science) and Mr. Yan Tsz Ho (BSc in Actuarial Science) from HKU
  • Special Bonus Prize: Ms. Ko Wai Mei (BBA in Finance, and in Information Systems) and Ms. Wong Wing Lam (BBA in Finance, and in Information Systems) from HKUST
The prize for the champion team is a sponsored trip to attend an insight week at the headquarters of the London Stock Exchange, while the second prize team won an opportunity to attend the LSEG Greater China Conference in Beijing on 5 November 2019. Meanwhile, the third prize and special bonus prize teams won entry tickets to the LSEG International Investment Forum in Hong Kong.

Prof. Seen-Meng Chew, Associate Professor of Practice in Finance at the Department of Finance, and Associate Director of MBA Programmes at CUHK Business School remarked, “This is our first time partnering with LSEG to organize a large scale trading competition involving three universities, and the participation rate had been overwhelming. Through a real-life trading platform, students had a chance to apply theories they learnt from classrooms into practice. Our partnership with LSEG and other leading institutions in the industry will create tremendous opportunities for our students.”

Prof. Joseph Cheng, Chairman of the Department of Finance at CUHK Business School which sponsored the prizes, concluded, “We have invested significantly into our financial trading lab, and students had the opportunity to use resources available at the lab including Bloomberg, Reuters and Mergent Online, to perform stock research and analysis during the competition. We will continue to invest in modern infrastructure that will complement our first-class finance programmes to provide the best learning experience for our students. Congratulations again to the winning teams and I wish all participants every success in their future careers!”

The CUHK Business School would like to give its special thanks to Mr. Marcus Van Abbé, Head of Business Development APAC at LSEG, who worked tirelessly to ensure the success of this competition. We also like to express our gratitude for Ms. Charmaine Lo, CEO of Actelligent Group, and Mr. Frank Ho and Mr. Walter Cheung from Contrendian, for providing support to participants throughout the competition.

The post Team CUHK Takes Home the Championship at 2019 CUHK-LSEG Trading Competition appeared first on CUHK Business School.
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FROM CUHK: GBS Alumnus Arnold Chan Named Outstanding Young Person 2019
Arnold Chan, Founder and CEO of Teach For Hong Kong (TFHK), is one of the eight awardees of the annual ‘Ten Outstanding Young Persons Selection 2019’ in the category of civil and social services. Themed “Ignite Passion & Reach Beyond” this year, the award gives formal recognition to young Hongkongers who strove for their dreams while keeping the original aspiration and make their reputation abroad. The judges deemed the awardees to have excelled in their professional endeavours and unselfish contributions to the community.


Arnold (second from left) with the other outstanding young persons at the award presentation ceremony
Back in 2006, with his straight-A result in the Hong Kong Certificate of Education Examination (HKCEE), Arnold was admitted to the Global Business Studies (GBS) programme of The Chinese University of Hong Kong (CUHK) Business School. Upon graduation, he landed a million-dollar job at an investment bank. Undertaking an enviable path for many, Arnold keeps in mind his volunteering experience of visiting underprivileged children during secondary school. He wanted to pay it forward by finding a remedy to education inequality in Hong Kong. With a spark of determination, he quitted his high-paying job and later pursued an MBA degree at Harvard Business School. In the same period, he set up TFHK to broaden the horizons of grass-root students and enhance their upward mobility.

“Let down but don’t let go. Have faith and you’ll see light.”

– Arnold Chan (BBA-GBS 2010)

The non-profit organisation recruits passionate and outstanding university graduates from various academic programmes to be teaching fellows at grass-root schools for one year. On top of regular classroom teaching, the teaching fellows are responsible for the extra-curricular activities and career education of their students. Trusting that youthsare the future pillars instead of problems of the society, Arnold sees them as the possible solutions to resolving problems. When asked about his biggest achievement so far, he considers it to be empowering others. He believes success is self-defined, and encourages Hong Kong youths, “Let down but don’t let go. Have faith and you’ll see light.”


Arnold with his team at Teach for Hong Kong
Arnold attributes his compassion for the poor to the humanistic influence from his alma mater. “The three-year GBS comprises two years in Hong Kong and one in Denmark and the US. As long as I am in Hong Kong I jumped at every chance to be engaged in extra-curricular activities. In the English Debating Team I got to know friends from various disciplines who inspired me to reflect on the role of university students in society. I realised that business is not just about making money, and that business majors do not necessarily have to pursue a career in finance. To study business is to become strategic thinkers who can tackle social problems effectively.”

Since the start of TFHK in 2015, Arnold has recruited 110 graduates as teaching fellows for Hong Kong’s underprivileged primary and secondary schools, serving over 20,000 students. He has raised over US$3 million from the government and private sector to support TFHK’s future development.

In recognition of his achievement at TFHK, Arnold was awarded the Asia 21 2016 Class of Young Leaders by Asia Society and the Hong Kong Youth Service Award 2016 by the Hong Kong Federation of Youth Groups. He was also selected as part of the Generation T List by Hong Kong Tatler in 2018 and Forbes 30 Under 30 in 2019. Learn more about Arnold’s story here.

The post GBS Alumnus Arnold Chan Named Outstanding Young Person 2019 appeared first on CUHK Business School.
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FROM CUHK: Prof. Kalok Chan is Ready to Pass the Baton
Taking the reins of CUHK Business School has been no easy feat. In this fast-changing and globalised world, knowledge becomes outdated quickly, and the affairs and technologies of the day have the power to upend business practices at the drop of a hat.

“As a business school, how do we keep up with the fast-evolving economy and the business needs of multiple stakeholders, including our students, the academia and the industry? How do we navigate the institutional setting, cultures, rules and regulations of the university and Business School and be responsive and agile to the changes? These are big challenges that we have to tackle,” Prof. Chan said.



Adding to this is the resurgence of Asia and China, which has boosted the demand for business knowledge by those looking to join the market, to go out, or to come in. Being a connector and gateway to mainland China, Hong Kong sits at the centre of the action. This gives CUHK Business School an opportunity to assert its leadership in business education in the region and for the region.

“CUHK is one of Asia’s most established universities, and we have been an active contributor to the socio-economic development of the region. It is our vision to provide a world-class business education to support the region’s growth. We need to nurture business talent for Hong Kong, offer the locals, the mainland Chinese and Asian students a top-notch business education here in Asia, help overseas students and companies learn the ways of doing business in China, and, through our quality research, contribute thought-leadership on regional matters and champion responsible and sustainable business.”



To achieve these, we need faculty members who have strong commitments to research and teaching excellence. — Prof. Kalok Chan

Since 2015, Prof. Chan has worked with the senior leadership of CUHK Business School and hired more than 60 professoriate faculty members, doubling the professoriate faculty population. More than 60% of them have already achieved tenure track. Prof. Chan described this as crucial for the Business School’s development in the next 5 to 10 years. “Diversifying our faculty with complementing expertise is vital to enriching our curricula. It is also important when helping students develop their global perspectives and adapt to a multicultural environment.”

A vibrant faculty is also indispensable to quality research. “During the past five years, our ranking in The UTD Top 100 Business School Research Rankings has risen from the 60s to within the top 50 in the world. In Asia, we are now among the top five. Of course, transforming ideas into top-notch research is a mission of all business schools. It is important to produce research that creates impact and improves market practices. Our newly recruited young faculty members are aware of this shared goal and have the drive to achieve it.‬”



The China Business Knowledge @ CUHK Luncheon Series is a case in point. Since offering this knowledge-sharing platform in 2017, faculty, alumni and the general public have engaged in insightful, in-person learning and sharing of our professors’ latest business research. The success of the series prompted the School to incorporate the series into alumni events and to take the series overseas. Faculty members have hosted sessions in Singapore and Shenzhen.

Teaching and research aside, the internationalisation of the School is also something close to Prof. Chan’s heart. In the face of complex business, political and social issues in the 21st century, he considers it key that university students receive a broad-based education so that they are informed about global issues, be able to derive innovative solutions, and to face the challenges ahead boldly. ‬‬



One of the things we have managed to accomplish is our innovative dual degree programmes, which are among the first to be offered in Hong Kong. — Prof. Kalok Chan

“We have partnered with two top business schools – the UK’s Cass Business School of City, University of London, and Spain’s IE Business School, to offer business administration dual degree programmes. Students partaking in these programmes will spend two years studying at Cass or IE to expand their exposure to global business knowledge and to soak up international experiences.”

The School’s internationalisation efforts have been reflected in the uptick in international student enrolment, especially from countries along the Belt and Road. Prof. Chan believes that the cultural and knowledge exchange among local and international students will contribute to the students’ whole-person development and socially responsible mindset.



One other accomplishment of which Prof. Chan is most proud of is the School’s corporate outreach efforts. A total of eight corporate partnerships have been formed to offer students learning opportunities beyond the classroom. By exposing students to real-world business scenarios and needs, students can hone their innovative and creative thinking, foster entrepreneurial attitudes and develop the right skills and expertise to thrive professionally. In turn, the School can ascertain that the curriculum responds to the competencies demanded by the corporate world.

In addition, the partnerships offer enterprises access to the talents and skills of our students and alumni, and to high-quality research and ground-breaking theories in a variety of academic fields. “This can create a mutually benefiting learning community and advance business innovation.”



On a lighter note, Prof. Chan also talks about his plans moving forward as the countdown to his final stretch of Deanship begins.

“3 November is my official last day, but I will actually only be back from a business trip in the evening of 4 November. I will be taking a sabbatical to recharge. The first thing I would like to start doing and have certainly missed is to catch up and refresh my knowledge of the financial markets, to go more in-depth into the trends that have appeared over the past few years, such as FinTech, sustainable finance and the Hong Kong-China financial markets.”

“I definitely hope to continue to serve the School and our colleagues in new capacities and to pick up on my research. I have other community engagements as well. I will continue to be a bridge for the students and the School with the industry and the community; to be a platform that the younger generation can leverage for communication, collaboration and opportunities.”



Is there any advice that Prof. Chan would like to offer to his successor and the colleagues?

“Hong Kong has a unique role to play as a part of China and as a gateway between mainland China and the international community. For the Business School, I would say we should continue to leverage this distinctive position and differentiate ourselves from other business schools. Our internationalisation efforts must also continue.”

As for his colleagues, “The world is changing very rapidly across the board. Stay updated and be innovative when working with students and other stakeholders.”

Prof. Chan added that, having served a fruitful tenure as Dean, he will miss working with his dedicated and supportive colleagues.

I #lookforward to serving in other dimensions. I hope our colleagues will continue to collaborate and support future management. — Prof. Kalok Chan







The post Prof. Kalok Chan is Ready to Pass the Baton appeared first on CUHK Business School.
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FROM CUHK: Prof. Kalok Chan is Ready to Pass the Baton
Taking the reins of CUHK Business School has been no easy feat. In this fast-changing and globalised world, knowledge becomes outdated quickly, and the affairs and technologies of the day have the power to upend business practices at the drop of a hat.

“As a business school, how do we keep up with the fast-evolving economy and the business needs of multiple stakeholders, including our students, the academia and the industry? How do we navigate the institutional setting, cultures, rules and regulations of the university and Business School and be responsive and agile to the changes? These are big challenges that we have to tackle,” Prof. Chan said.



Adding to this is the resurgence of Asia and China, which has boosted the demand for business knowledge by those looking to join the market, to go out, or to come in. Being a connector and gateway to mainland China, Hong Kong sits at the centre of the action. This gives CUHK Business School an opportunity to assert its leadership in business education in the region and for the region.

“CUHK is one of Asia’s most established universities, and we have been an active contributor to the socio-economic development of the region. It is our vision to provide a world-class business education to support the region’s growth. We need to nurture business talent for Hong Kong, offer the locals, the mainland Chinese and Asian students a top-notch business education here in Asia, help overseas students and companies learn the ways of doing business in China, and, through our quality research, contribute thought-leadership on regional matters and champion responsible and sustainable business.”



To achieve these, we need faculty members who have strong commitments to research and teaching excellence. — Prof. Kalok Chan

Since 2015, Prof. Chan has worked with the senior leadership of CUHK Business School and hired more than 60 professoriate faculty members, doubling the professoriate faculty population. More than 60% of them have already achieved tenure track. Prof. Chan described this as crucial for the Business School’s development in the next 5 to 10 years. “Diversifying our faculty with complementing expertise is vital to enriching our curricula. It is also important when helping students develop their global perspectives and adapt to a multicultural environment.”

A vibrant faculty is also indispensable to quality research. “During the past five years, our ranking in The UTD Top 100 Business School Research Rankings has risen from the 60s to within the top 50 in the world. In Asia, we are now among the top five. Of course, transforming ideas into top-notch research is a mission of all business schools. It is important to produce research that creates impact and improves market practices. Our newly recruited young faculty members are aware of this shared goal and have the drive to achieve it.‬”



The China Business Knowledge @ CUHK Luncheon Series is a case in point. Since offering this knowledge-sharing platform in 2017, faculty, alumni and the general public have engaged in insightful, in-person learning and sharing of our professors’ latest business research. The success of the series prompted the School to incorporate the series into alumni events and to take the series overseas. Faculty members have hosted sessions in Singapore and Shenzhen.

Teaching and research aside, the internationalisation of the School is also something close to Prof. Chan’s heart. In the face of complex business, political and social issues in the 21st century, he considers it key that university students receive a broad-based education so that they are informed about global issues, be able to derive innovative solutions, and to face the challenges ahead boldly. ‬‬



One of the things we have managed to accomplish is our innovative dual degree programmes, which are among the first to be offered in Hong Kong. — Prof. Kalok Chan

“We have partnered with two top business schools – the UK’s Cass Business School of City, University of London, and Spain’s IE Business School, to offer business administration dual degree programmes. Students partaking in these programmes will spend two years studying at Cass or IE to expand their exposure to global business knowledge and to soak up international experiences.”

The School’s internationalisation efforts have been reflected in the uptick in international student enrolment, especially from countries along the Belt and Road. Prof. Chan believes that the cultural and knowledge exchange among local and international students will contribute to the students’ whole-person development and socially responsible mindset.



One other accomplishment of which Prof. Chan is most proud of is the School’s corporate outreach efforts. A total of eight corporate partnerships have been formed to offer students learning opportunities beyond the classroom. By exposing students to real-world business scenarios and needs, students can hone their innovative and creative thinking, foster entrepreneurial attitudes and develop the right skills and expertise to thrive professionally. In turn, the School can ascertain that the curriculum responds to the competencies demanded by the corporate world.

In addition, the partnerships offer enterprises access to the talents and skills of our students and alumni, and to high-quality research and ground-breaking theories in a variety of academic fields. “This can create a mutually benefiting learning community and advance business innovation.”



On a lighter note, Prof. Chan also talks about his plans moving forward as the countdown to his final stretch of Deanship begins.

“3 November is my official last day, but I will actually only be back from a business trip in the evening of 4 November. I will be taking a sabbatical to recharge. The first thing I would like to start doing and have certainly missed is to catch up and refresh my knowledge of the financial markets, to go more in-depth into the trends that have appeared over the past few years, such as FinTech, sustainable finance and the Hong Kong-China financial markets.”

“I definitely hope to continue to serve the School and our colleagues in new capacities and to pick up on my research. I have other community engagements as well. I will continue to be a bridge for the students and the School with the industry and the community; to be a platform that the younger generation can leverage for communication, collaboration and opportunities.”



Is there any advice that Prof. Chan would like to offer to his successor and the colleagues?

“Hong Kong has a unique role to play as a part of China and as a gateway between mainland China and the international community. For the Business School, I would say we should continue to leverage this distinctive position and differentiate ourselves from other business schools. Our internationalisation efforts must also continue.”

As for his colleagues, “The world is changing very rapidly across the board. Stay updated and be innovative when working with students and other stakeholders.”

Prof. Chan added that, having served a fruitful tenure as Dean, he will miss working with his dedicated and supportive colleagues.

I #lookforward to serving in other dimensions. I hope our colleagues will continue to collaborate and support future management. — Prof. Kalok Chan







The post Prof. Kalok Chan is Ready to Pass the Baton appeared first on CUHK Business School.
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FROM CUHK: The 2nd CUHK Derivatives and Quantitative Investing Conference Explores Cutting-Edge Derivatives Markets Research and Practice
The conference offered an exciting platform for researchers and practitioners from academia and industry to share cutting-edge research and practice in derivatives markets and quantitative investing. It comprised two keynote speeches and nine research presentations delivered by speakers and moderators from leading universities and business schools, as well as top asset management firms, financial service providers and government authorities in Hong Kong, Canada, Germany, and the US.

The first keynote speech was delivered by Prof. Stephen Figlewski, Professor of Finance from Stern School of Business at New York University and founding editor of Journal of Derivatives. He spoke on the topic of “Extracting Market Expectations and Risk Premia from Stock Index Options”. Prof. Robert Webb, Professor of Finance from McIntire School of Business at University of Virginia and editor of Journal of Futures Markets, gave the second keynote speech on the topic of “The Internationalisation of Futures Markets: Lessons from the Past”, examining the lessons from past attempts to internationalise futures markets and assess their implications for today.


(From left) Prof. Jie Cao, Associate Professor of Department of Finance at CUHK Business School; Prof. Stephen Figlewski; Prof. Kalok Chan, Dean of CUHK Business School; Prof. Robert Webb
Other speakers also spoke on a wide range of topics, such as innovative trading strategies in stock market, fixed income quantitative strategies, climate risk and ESG investing, the application of machine learning in trading practice and opportunities in emerging markets. The sharing provided participants with a superb opportunity to gain insights from the research and best practices, and in turn apply them to real-world investment management and trading.

















The conference organiser, Prof. Jie Cao, Associate Professor of Department of Finance and coordinator of MPhil-PhD in Finance programme at CUHK Business School shared, “This is an exciting event for academic researchers and industry practitioners to exchange ideas in derivatives markets and the quantitative investing.” The conference co-organiser, Prof. Xintong Zhan, Assistant Professor of Department of Finance and School of Hotel and Tourism Management at CUHK Business School and added, “Hong Kong is a financial centre and CUHK Business School is taking further steps in transferring knowledge and creating social impact. We are also happy to see more uprising female experts in quantitative finance.”

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FROM CUHK: Professor Norman Chan Advises Students to Be Judgmental in Decision Making
In his welcome remarks, Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance, said, “It’s our pleasure to have invited Norman to be back on campus and host this thought-provoking business lecture for us. The Business School has incorporated this lecture as part of its Integrated BBA (IBBA) programme for our undergraduate students. Through in-person sharing, I believe it would be a great opportunity for our students to interact and gain inspiration from notable business leaders in society.”


Moderator Prof. Andy Wong, Associate Dean (Undergraduate Studies)
The topic of the talk was “It Works for Me: Life Lessons from Norman Chan”. The lecture was in a discussion format, moderated by Prof. Andy Wong, Associate Dean (Undergraduate Studies) and Associate Professor of Practice in Marketing at CUHK Business School. Norman shared his rich lessons learnt back in times when he studied Philosophy and Economics at CUHK. He admitted his choice to study at CUHK was part accidental but he particularly appreciated his study journey as he managed to learn the way how to think and comprehend the logic behind theories. These values have been useful and instrumental to his career and the rest of his life.

Through Norman’s sharing, the audience knew more about how Norman set his success parameters in leading the HKMA to maintain Hong Kong’s currency stability, promote the integrity of the financial and banking system, and strengthen the city’s status as an international financial centre. Norman added that everyone should be entitled to achieve his kind of success according to his own definition. Once the goal was set right and was trying to be accomplished, the attainment of it could be a form of success.


Distinguished Alumnus Mr. Norman Chan (Sociology, 1976), former Chief Executive of The Hong Kong Monetary Authority (HKMA)
Before the discussion ended, Norman humbly told the audience that he actually had no secret recipes of success to share. Those that had guided him well throughout his life are simply some cardinal habits. “Stay on your principles when dealing with issues, appreciate lifelong learning as you step up your career ladder, and be judgmental when making your decision,” Norman said. After all, going with an analytical mind has been Norman’s rule of thumb and is also his advice for today’s generation to stay ahead in this era of change.

After the discussion, the floor was open for questions. Students seized the golden chance to proactively interact with Norman. “I hope that each of you could have learnt something from Norman’s rich life lessons. These lessons work for him and maybe so for you. As Norman mentioned, you might battle against storms and headwinds in life but always remember preparation is the key. Opportunities will come for those who are well prepared,’” Prof. Andy Wong concluded.







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FROM CUHK: CUHK Accountancy Alumni Bring Home Top Achiever Awards in ACCA Exams
Five alumni from BBA in Professional Accountancy (PACC), Master of Accountancy (MAcc) and Postgraduate Diploma in Professional Accountancy (PDPA) programmes demonstrated outstanding calibre with their top scores at the ACCA exams. It is particularly encouraging to find many top performers from CUHK Business School for two newly revamped papers of the Strategic Professional Exam – SBL (Strategic Business Leader) and SBR (Strategic Business Reporting). The alumni brought home the following awards of the ACCA exams:

December 2018 Session

  • Top score in Performance Management: Yeung Ho-ching (PACC 2018)
  • Top score in Advanced Performance Management: Yeung Ho-ching (PACC 2018)
  • Top score in Strategic Business Reporting: Wong Pui-wing Perveen (MAcc 2019)
March 2019 Session

  • Top Affiliate Award: Wang Yawen (PACC 2017)
  • Top score in Strategic Business Leader: Ma Yemin, Marshall (PDPA 2017)
  • Top score in Advanced Performance Management: Cheng Hong-cheuk, Harry (PACC 2019)
June 2019 Session

  • Top score in Strategic Business Reporting: Cheng Hong-cheuk, Harry (PACC 2019)
Top achievers were invited to join the ACCA Hong Kong Top Achievers Celebration Reception on 30 October. CUHK Business School faculty – Dr. Edmund Wong, Senior Lecturer of School of Accountancy and Director of PACC Programme; Mr. Eric Leung, Senior Lecturer of School of Accountancy and Associate Director of PACC Programme  and Dr. Shirley Kan, Part-time Lecturer of MAcc Programme and former Director of PACC Programme – congratulated the alumni on their outstanding achievements. Cabinet members from the Society of Accountancy, Student Union of the Chinese University of Hong Kong (CUSA) also provided support during the reception.





ACCA is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. The ACCA Qualification rigorously tests the skills, abilities and competencies demanded of a modern-day accountant, preparing students for a rewarding career as a qualified and ethical finance professional. The qualification also examines digital skills and knowledge, with enhanced digital content across many of the exams designed to keep ACCA students ahead.

Photo courtesy of ACCA Hong Kong

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FROM CUHK: Professor Norman Chan Advises Students to Practice Discernment
In his welcome remarks, Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance, said, “It’s our pleasure to have Norman back on campus and host this thought-provoking business lecture. The Business School has incorporated this lecture as part of its Integrated BBA (IBBA) programme for our undergraduate students. Through in-person sharing, I believe it is a great opportunity for our students to interact and gain inspiration from notable business leaders in society.”


Prof. Andy Wong, Associate Dean (Undergraduate Studies) and Associate Professor of Practice in Marketing at CUHK Business School

The topic of the talk was “It Works for Me: Life Lessons from Norman Chan”. The lecture was in a discussion format, moderated by Prof. Andy Wong, Associate Dean (Undergraduate Studies) and Associate Professor of Practice in Marketing at CUHK Business School. Norman shared the rich lessons he accumulated during his studies in Philosophy and Economics at CUHK. He admitted that his choice to study at CUHK was part accidental, but no doubt came to appreciate it as he acquired the critical and analytical mindset to comprehend the logic behind theories. These learnings have been useful and instrumental to his career and beyond.

Through Norman’s sharing, the audience came to know more about how Norman set his success parameters in leading the HKMA to maintain Hong Kong’s currency stability, promote the integrity of the financial and banking system, and strengthen the city’s status as an international financial centre. Norman added that everyone should aspire to succeed according to his or her own definition. Once students set their goals and work towards accomplishing it, even the process of attaining it should be counted as a success.


Mr. Norman Chan, former Chief Executive of HKMA and Honorary Professor of CUHK Business School

Before the discussion ended, Norman humbly told the audience that he actually had no secret recipe of success to share. The principles that had guided him well throughout his life were simply some cardinal habits. “Hold onto your principles when dealing with tough issues, appreciate lifelong learning as you ascend your career ladder, and be analytical when making decisions,” Norman said.

Prof. Wong left time for questions after the open discussion with Norman, and students seized the golden opportunity. “I hope that each of you managed to pick up something from Norman’s rich life lessons. These lessons work for him and might do so for you as well. As Norman mentioned, you might be up against storms and headwinds in life but always remember that preparation is the key. Opportunities will come for those who are well prepared,” Prof. Andy Wong concluded.







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FROM CUHK: Faculty Members and Student Reap the Fruits of Their Hardwork
Vice-Chancellor’s Exemplary Teaching Award 2018
The Vice-Chancellor’s Exemplary Teaching Award Scheme was launched in 1999 to recognise outstanding teachers. Every year, each Faculty can nominate at least one teacher with excellent teaching performance in the eyes of students, as well as other teaching staff.



Dr. Anson Au Yeung

Senior Lecturer, Department of Finance

Co-director, Asian Business Studies Programme

“I feel honoured to be receiving the Vice-Chancellor’s Exemplary Teaching Award 2018.  I am honoured to be a team member andam thankful to CUHK Business School and the Department of Finance for all their support so that I can experiment with new forms of pedagogy and be more involved in programme administration.  I am also humbled because there are many outstanding, passionate, and creative colleagues who always motivate, inspire, and challenge me along the way.

The real rewards of teaching come from students and their achievements.  With the efforts I have put in case teaching and blended learning for several years, I am thrilled to see many of my students become more determined to study finance.  As the rapidly changing business world can quickly make course content and pedagogies obsolete, it reminds me to continually find ways to make the learning experience of my students richer and more socially relevant. This award is dedicated to my students.”

Young Researcher Award 2018
In order to recognise research accomplishments of young faculty, the University established the Young Researcher Award in 2002. One young faculty with the best research output will be nominated by the Dean of each Faculty every year.

Prof. Junfei Huang

Associate Professor, Department of Decision Sciences and Managerial Economics

“It is my great honour to be granted the Young Researcher Award 2018. I would like to take this opportunity to thank my colleagues, collaborators and students. Their valuable inspiration have helped me shape my research interests. I would also thank CUHK Business School and the Department of Decision Sciences and Managerial Economics for providing generous research supports over the years. The award will surely encourage me to work harder and I hope my research will continue to generate important contributions.”

Postgraduate Research Output Award 2018
To encourage quality research, the University established the Postgraduate Research Output Award in 2002. One postgraduate student per faculty will be nominated by the Dean every year.


Dr. Hong Huang

PhD in Accountancy Programme Student

 

“It is a great honour for me to receive the Postgraduate Research Output Award 2018. I would like to take this opportunity to express my deepest gratitude to my supervisor Prof. Danqing Young, PhD programme director Prof. Zhaoyang Gu, my co-author Prof. Albert Tsang and other professors during my study at CUHK. The PhD programme in the School of Accountancy is the place to learn to appreciate the value of getting informed, to witness the variations and complexity of human nature, to challenge stereotypes by facts, and to spare no effort in pursuing truth and morality. The inspiration and valuable advice from CUHK professors have helped me to lay a solid theoretical and methodological foundation for research, to improve my papers, and to motivate further meaningful research ideas. I also would like to thank my PhD programme classmates, who have been wonderful teammates in the journey of pursuing high-quality research. Conducting meaningful research is a life-long endeavour and this Award encourages me to work harder to deliver consequential research outputs.”

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FROM CUHK: CUHK EMBA Ranks 24th in Financial Times Executive MBA Ranking 2019
CUHK EMBA alumni have achieved high average salary three years after graduation, with an average amount of more than HK$2.31 million (US$296,723) which ranks 17th globally. With an average salary increase rate of 59%, the programme ranks 20th in terms of career progress. CUHK EMBA has also scored high in areas including female proportion in the programme’s advisory board and proportion of core courses dedicated to CSR, ethics, social and environmental issues (27th in the world). In addition, the Business School’s global rank in research publications has risen by 14 spots to 34th.

“We are very pleased to see the positive ranking results and uptick in certain key areas of the ranking. The rise in our career progress and work experience ranks is a recognition of our effort in equipping graduates who provide great value to their employers and organisations post-EMBA.” said Prof. Andrew C. F. Chan, Co-Director of Executive MBA Programme and Executive Associate Dean (MBA) at CUHK Business School. “This is the 26th year of our programme and we continue to ensure the relevancy of our programme through an optimal blend of Chinese wisdom and western knowhow, in order to nurture top-notch management talent for tomorrow’s challenges in Hong Kong, Mainland China and the world.”

First of its kind in Hong Kong, the CUHK EMBA programme nurtures top-notch management talent for tomorrow’s challenges in Hong Kong, the mainland, and beyond. The programme is structured around the “six pillars” (Theories, Practices, Internal Network, External Network, Strategic Perspectives and Social Contribution) that aims to enhance the well-being of the business community and society. Relevance is emphasised in the context of Hong Kong’s strategic location within China and the Asia-Pacific region.

Read the full Financial Times EMBA Ranking 2019 results at: https://on.ft.com/2ps7cMf or click here to download a pdf copy.

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FROM CUHK: CUHK Business School Hosts the Pre-PIM Conference in Hong Kong
The 2019 PIM (Partnership in International Management) Conference came to Asia. Being the host of this year’s Pre-PIM Conference, CUHK Business School set the theme around the Greater Bay Area and showcased the School’s knowledge and expertise to the PIM community. Prof. Angela Ng, Associate Dean (Global Engagement and External Relations) of CUHK Business School, kick-started the event with her introduction to   the School’sinternationalisation strategy and initiatives. Four thematic presentations by the faculty and invited speakers led delegates through developments and opportunities in the Greater Bay Area, social enterprises in Hong Kong and recent advances in Asian high-tech industries. CUHK’s unique position and knowledge base connecting the Area and the world were vividly presented through case studies and data analyses; lively interaction amongst all participants enabled schools from different parts of the world to reflect on their own and each other’s strengths and to identify potentials for international collaboration.

Mr. Jeremy Billetdeaux, Director of International Programmes at Goizueta School of Business of Emory University, said, “CUHK Business School provided a wonderful introduction not only to CUHK, but also to business and education trends in Asia. The panels which were facilitated by leaders in their fields did a fantastic job of contextualising Hong Kong’s and the Greater Bay Area’s role in the global and Asian economies. It was a joy for me to finally experience first-hand what so many of my students have experienced while studying abroad in Hong Kong.”

“The Pre-PIM conference at CUHK was an incredibly valuable experience and allowed me to create close connections with colleagues from CUHK and other PIM schools. The programme led by the CUHK staff was an enlightening introduction to CUHK’s internationalisation initiatives, business in the geographic region, social enterprises in Hong Kong, and new technology advances,” said Ms. Jenni Patterson, Global Student Experience Manager at Stephen M. Ross School of Business of University of Michigan.











Partnership in International Management is a consortium of 65 leading business schools worldwide. Each member institution represents the highest degree of excellence in the fields of business administration and management, demonstrates leadership in their geographic region and delivers an MBA or a graduate-equivalent degree in management. PIM facilitates the development of international cooperation among members, fostering the development of joint programmes, students and faculty exchange, joint research and cooperation among faculty members and researchers.

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FROM CUHK: Not Your Typical Student
When Diane Sohn became a student of MAcc, the professional Master’s degree programme at CUHK Business School, she sat quietly by herself in the classroom at the CUHK Business School Town Centre, feeling a bit shy and frustrated about not being able to communicate with her Cantonese-speaking classmates. Her classmates often mistook her for being a local student. But very soon, some took the initiative and included her when they formed project teams. This was two years ago, and to this day she is still grateful for the warm and inclusive atmosphere in her class.

In fact, she has never stopped appreciating how her classmates have inspired and encouraged her to work hard and pursue her Master’s degree, despite the extremely challenging schedule she must juggle. She observed first-hand how the local students, like her, work long hours yet still insist on attending class after work and put in the extra effort to equip themselves.

She herself works full-time as a financial reporting analyst at JPMorgan Chase & Co, and has to take care of two young children while sitting for courses that are completely different from her undergraduate political science studies.

A Switch in Career
At first glance, accounting is as far removed from political science as one can imagine. Why did she choose to change her career path?

After studying political science and international relations at Korea University, Diane landed a job in Korea, doing research on the Korean economy and producing analyst reports. Since then, she has worked in the field of compliance, as well as in accounting, taxation and advisory services, in Hong Kong.

While her educational background had nothing to do with accounting, she did get exposure to the subject and also financial reporting on the job. Before long, she found herself to have a knack for numbers, as she once studied for the Certified Public Accountants (CPA) examinations on her own and passed them all. Upon joining a Korean securities services firm in Hong Kong, she decided to specialise in the field of accounting by enrolling in a professional course.

“CUHK came to mind because it is one of the top three universities in Hong Kong, and I was very impressed by its ranking among Asian universities,” Diane recalls. “I was delighted to find that CUHK offers classes for part-time students like myself. It is also known for deepening students’ knowledge in accountancy, which is how I came to choose the Master of Accountancy programme.”

Diane’s first impression of CUHK was extremely positive. “Coming on to the campus, being surrounded by young college students again and being a part of this community after having graduated for 10 years felt really good. I also felt a great sense of relief to be a student again, because the teachers were there not to scold you – which is common in the workplace, but to guide you, versus being reprimanded in the workplace which is quite common back home.”

Diane says her professors in the MAcc programme have been very supportive and generous. “They would bend over backwards to help us part-time students to accommodate our schedules,” she says. “For example, if we had to travel for business on the day of a mid-term exam, the professors were open to the idea of arranging an alternative method of assessment. They are flexible and would try to meet us during after hours, because they understand how it is to be a working student.”

About a year into the programme, Diane successfully landed a job at JPMorgan Chase & Co. During the job application process, it took numerous interviews and a lot of convincing before she was hired. Diane explains that most candidates are graduates from local universities and had worked at one of the Big Four accounting firms for a few years. Not having this track record initially worked against her. However, she was confident that her willingness to learn new things, her curiosity and her diversified experience would be an asset for the company.

“Maybe they saw my potential of being able to solve problems with an unconventional perspective,” she says with a giggle. “Luckily, I convinced my hiring managers to choose me over the more experienced ones. They saw that I was a fast learner. Being hardworking, constantly trying to create more value, and being a people-person – those are skill sets that I carry around like my backpack, and they’ve served me well.”

She explains that while the company is an investment bank, her job is directly related to accounting. The large governmental and institutional clients she works with often require detailed explanation of financial reports. The knowledge she acquired in accounting through the MAcc programme comes in handy.

As she is responsible for leading many projects at her current job, she found that the project management skills she acquired through the team projects in the advanced accounting course taught by Dr. Joyce Wang, Director of MAcc Programme and Senior Lecturer of School of Accountancy at CUHK Business School, to be extremely useful. “It’s a very practical skill set that I can modify and apply to my current work.”

Other courses that have helped her make progress in her career are the MBA marketing course, which inspired her to rebrand herself; and the finance course taught by Prof. Paul B. McGuinness, Professor of Department of Finance at CUHK Business School. “I felt fortunate that I joined the class right after I was hired by JPMorgan Chase & Co. It was like an orientation for me!”

An Interesting and Winding Path
The path with which Diane followed prior to studying at CUHK was both an interesting and winding one. Perhaps one wonders what led her from Korea to Hong Kong. It turned out to be her marriage. She met her husband while he was pursuing a Master’s degree in Seoul. After he graduated, they married and lived in Shenzhen. Her husband started working in Shenzhen while Diane chose to develop a career in Hong Kong, where more relevant positions were available to her. She first started working for a Korean investment company in Shenzhen, where she was hired as an account manager at a family-owned, multinational cosmetics company. She led the sales team and managed client relationships with US buyers. Her trilingual skills – Korean, English and Putonghua – allowed her to achieve the sales and quality control targets. Although working in sales at a cosmetics company had nothing to do with her political science and compliance background, she was open-minded and happy to test new grounds. It turned out to be a good experience for her.

After that, she decided to continue her career in Hong Kong, where she worked for a few small consulting firms, counting Korean-listed companies and Fortune 500 companies among her clients. Her exposure there eventually led to her being hired by JPMorgan Chase & Co.

From Small to Big
From Shenzhen to Hong Kong, Diane has transitioned from working for a 400-staff family-run business to small firms and now to a giant investment bank. Gradually, she has moved on to bigger teams and organisations with global desks, working with teams in Singapore, India and the Philippines, managing clients than span from South Korea to Thailand, Taiwan and more.

How did she adapt to such drastic changes? When she was at the Chinese cosmetics company, Diane recalls, there weren’t any clear definitions of her job scope, and most decisions were made by the family. “If you earned their trust, then suddenly your project would get the funding. There was no real logic,” she says.

When she worked at the Red Flag Group in Hong Kong, an Australian-owned compliance firm with a global operation, she led a Korean team for due diligence and compliance. Due to the relatively small size of the company, she enjoyed a great deal of autonomy in her work. For this reason, she sometimes misses working for smaller companies. By contrast, at her current job, there isn’t as much flexibility and room with which one can change things but at the same time, she appreciates working with really capable and strong team members and has learned a lot during the process.

At first, she felt intimidated. “Everything is very fast paced and everyone is so professional,” she says. “But eventually you acknowledge the fact that you are here because you are equally qualified. You need that kind of confidence to work here. You learn more by doing more. By doing more, you gain the trust of your colleagues, asking relevant questions and eventually gaining their trust. But to do more, you’ve got to find the right people. What I mean is that in a big organisation, your work is mostly about finding who to ask the right questions because you don’t work in isolation. When you do that, then your job is done.”

Her work motto – and advice for young business professionals – is to “be yourself and be proactive.”

Her achievement in being hired by JPMorgan Chase & Co marks the beginning of her dream career. Eventually, she wants to work as an accounting professional in the field of compliance within a financial institution. Although what she currently does is unrelated to compliance, she is learning in great detail how banks operate, how they react to crises and manage risks.

“I’m very glad to be a part of this organisation and I’m ready to make as many mistakes as possible so I can learn as much as possible here,” she says.

In the future, she wishes to work in policymaking – perhaps back in Korea or in an international organisation, where she can give advice and join in the policymaking process.

Reflections on Life and Career
Diane has very little leisure time, as she spends long hours during the week at work and much of her weekend attending classes on campus. Her saving grace is that she has two young children, who motivate her to go out and have fun.

“MAcc is a very demanding programme. It’s not a programme you can just get by. After joining JPMorgan Chase & Co, I found it a challenge to juggle my schedule. But I am very lucky to have my kids. They always approach life in a fun way and know how to enjoy life. They make me laugh, and they bring me to many places. If I were alone I would not choose to go to the beach but would rather just sleep and rest at home!” she laughs.

In fact, Diane is grateful that her husband is open-minded and supports her fully in developing her career. She doesn’t have to live the life of a stay-at-home mom as the typical Korean woman. Her children have also taught her to embrace diversity in people, and that has had a ripple effect in how she relates to others in the workplace.

For business school students who wonder if going into banking is a good idea, she would ask them: “What is it that you want in five years? There are no definite skills that guarantee success or failure. It really depends on what you want to do. When you are 20-something, you have a chance to think about how you can contribute to society. Work is not only about making money. You spend 12 hours at the office; it occupies a great part of your life. So think about how you want to spend your time and also how you want to contribute to society. The rest will then fall into place.”

With her fellow students, she wants to share something beautiful she once heard: “Failure is not falling down. If things don’t go as planned or happen at the timing that you hoped, just try again. You may fall, but if you fall and don’t get up again, that’s failure.”

For herself, the biggest lesson she has learned over the years is “Don’t think too much; just do it! By doing, you can slowly move forward and get what you want, while also meeting interesting people along the way.”

By Louisa Wah

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FROM CUHK: CUHK Appoints Dean of CUHK Business School
Prof. Lin Zhou is University Chair Professor of Shanghai Jiao Tong University. He has rich experience in teaching and administration, having served the University for a decade. In 2008, he participated in the establishment of the Shanghai Advanced Institute of Finance and was appointed the Founding Deputy Director. He became Dean of the Antai College of Economics and Management in 2010 and led the transformation of Antai into a world-class business school during his eight years of leadership. Prior to his appointment at Shanghai Jiao Tong University, he held full-time academic appointments at Yale University, Duke University, Arizona State University for nearly 20 years, as well as visiting positions at Hong Kong University of Science and Technology, City University of Hong Kong, Tsinghua University, and other institutions in Australia, Belgium, Japan, and Spain.

Prof. Zhou remarked, “I am honoured to be offered the Deanship of CUHK Business School. The School is highly renowned for its strong academic research and talent base. I look forward to working closely with the faculty, staff, students and alumni, to make CUHK Business School one of the best institutions in the world. We will continue to nurture talent that embraces innovation, has an entrepreneurial mindset, and values social responsibility.”

Prof. Zhou graduated from Fudan University in 1982 and obtained his PhD in Economics from Princeton University in 1989. His research covers the basic theory areas of microeconomics, including game theory, mechanism design, social choice and welfare. As a prominent researcher and academic, Prof. Zhou has written numerous original papers, and has been appointed to the editorial boards of top ranking journals. He was awarded the Dissertation Fellowship and Research Fellowship by the Alfred P Sloan Foundation and, in 2009, he was elected as a fellow of the Econometric Society, the first from Greater China, further validating his remarkable research achievement.

Prof. Zhou has been actively involved in developing talent through management education. He was on the Board of Directors of the Association to Advance Collegiate Schools of Business (AACSB International) and chaired its Asia-Pacific advisory council; he is currently a member of its Business Accreditation Task Force. Prof. Zhou also serves on the EQUIS Accreditation Board of the European Foundation of Management Development. He sits on the advisory boards of different business schools around the world. Within mainland China, he is a member of Ministry of Education’s Supervisory Committees on MBA and Economics Discipline. The Shanghai Municipal government awarded him the Magnolia Silver Award in 2013 for his contribution to society as a foreign expert.

In accordance with the guidelines and procedures for the search and appointment of faculty deans, CUHK formed a search committee to launch a worldwide search for the next Dean of CUHK Business School. Having thoroughly considered the nominations/applications received, the Search Committee finally recommended Prof. Lin Zhou for the position. Pursuant to the appointment procedures, Prof. Zhou met with faculty, administrative staff and students of the Business School earlier to exchange views on the future development of the School and the Council subsequently appointed him as Dean of CUHK Business School.



This press release was first published in the CUHK website.

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FROM CUHK: Not Your Typical Student
When Diane Sohn became a student of MAcc, the professional Master’s degree programme at CUHK Business School, she sat quietly by herself in the classroom at the CUHK Business School Town Centre, feeling a bit shy and frustrated about not being able to communicate with her Cantonese-speaking classmates. Her classmates often mistook her for being a local student. But very soon, some took the initiative and included her when they formed project teams. This was two years ago, and to this day she is still grateful for the warm and inclusive atmosphere in her class.

In fact, she has never stopped appreciating how her classmates have inspired and encouraged her to work hard and pursue her Master’s degree, despite the extremely challenging schedule she must juggle. She observed first-hand how the local students, like her, work long hours yet still insist on attending class after work and put in the extra effort to equip themselves.

She herself works full-time as a financial reporting analyst at JPMorgan Chase & Co, and has to take care of two young children while sitting for courses that are completely different from her undergraduate political science studies.

A Switch in Career
At first glance, accounting is as far removed from political science as one can imagine. Why did she choose to change her career path?

After studying political science and international relations at Korea University, Diane landed a job in Korea, doing research on the Korean economy and producing analyst reports. Since then, she has worked in the field of compliance, as well as in accounting, taxation and advisory services, in Hong Kong.

While her educational background had nothing to do with accounting, she did get exposure to the subject and also financial reporting on the job. Before long, she found herself to have a knack for numbers, as she once studied for the Certified Public Accountants (CPA) examinations on her own and passed them all. Upon joining a Korean securities services firm in Hong Kong, she decided to specialise in the field of accounting by enrolling in a professional course.

In a big organisation, your work is mostly about finding who to ask the right questions because you don’t work in isolation. When you do that, then your job is done. — Diane Sohn

“CUHK came to mind because it is one of the top three universities in Hong Kong, and I was very impressed by its ranking among Asian universities,” Diane recalls. “I was delighted to find that CUHK offers classes for part-time students like myself. It is also known for deepening students’ knowledge in accountancy, which is how I came to choose the Master of Accountancy programme.”

Diane’s first impression of CUHK was extremely positive. “Coming on to the campus, being surrounded by young college students again and being a part of this community after having graduated for 10 years felt really good. I also felt a great sense of relief to be a student again, because the teachers were there not to scold you – which is common in the workplace, but to guide you, versus being reprimanded in the workplace which is quite common back home.”

Diane says her professors in the MAcc programme have been very supportive and generous. “They would bend over backwards to help us part-time students to accommodate our schedules,” she says. “For example, if we had to travel for business on the day of a mid-term exam, the professors were open to the idea of arranging an alternative method of assessment. They are flexible and would try to meet us during after hours, because they understand how it is to be a working student.”

About a year into the programme, Diane successfully landed a job at JPMorgan Chase & Co. During the job application process, it took numerous interviews and a lot of convincing before she was hired. Diane explains that most candidates are graduates from local universities and had worked at one of the Big Four accounting firms for a few years. Not having this track record initially worked against her. However, she was confident that her willingness to learn new things, her curiosity and her diversified experience would be an asset for the company.

“Maybe they saw my potential of being able to solve problems with an unconventional perspective,” she says with a giggle. “Luckily, I convinced my hiring managers to choose me over the more experienced ones. They saw that I was a fast learner. Being hardworking, constantly trying to create more value, and being a people-person – those are skill sets that I carry around like my backpack, and they’ve served me well.”

She explains that while the company is an investment bank, her job is directly related to accounting. The large governmental and institutional clients she works with often require detailed explanation of financial reports. The knowledge she acquired in accounting through the MAcc programme comes in handy.

As she is responsible for leading many projects at her current job, she found that the project management skills she acquired through the team projects in the advanced accounting course taught by Dr. Joyce Wang, Director of MAcc Programme and Senior Lecturer of School of Accountancy at CUHK Business School, to be extremely useful. “It’s a very practical skill set that I can modify and apply to my current work.”

Other courses that have helped her make progress in her career are the MBA marketing course, which inspired her to rebrand herself; and the finance course taught by Prof. Paul B. McGuinness, Professor of Department of Finance at CUHK Business School. “I felt fortunate that I joined the class right after I was hired by JPMorgan Chase & Co. It was like an orientation for me!”



An Interesting and Winding Path
The path with which Diane followed prior to studying at CUHK was both an interesting and winding one. Perhaps one wonders what led her from Korea to Hong Kong. It turned out to be her marriage. She met her husband while he was pursuing a Master’s degree in Seoul. After he graduated, they married and lived in Shenzhen. Her husband started working in Shenzhen while Diane chose to develop a career in Hong Kong, where more relevant positions were available to her. She first started working for a Korean investment company in Shenzhen, where she was hired as an account manager at a family-owned, multinational cosmetics company. She led the sales team and managed client relationships with US buyers. Her trilingual skills – Korean, English and Putonghua – allowed her to achieve the sales and quality control targets. Although working in sales at a cosmetics company had nothing to do with her political science and compliance background, she was open-minded and happy to test new grounds. It turned out to be a good experience for her.

After that, she decided to continue her career in Hong Kong, where she worked for a few small consulting firms, counting Korean-listed companies and Fortune 500 companies among her clients. Her exposure there eventually led to her being hired by JPMorgan Chase & Co.

From Small to Big
From Shenzhen to Hong Kong, Diane has transitioned from working for a 400-staff family-run business to small firms and now to a giant investment bank. Gradually, she has moved on to bigger teams and organisations with global desks, working with teams in Singapore, India and the Philippines, managing clients than span from South Korea to Thailand, Taiwan and more.

How did she adapt to such drastic changes? When she was at the Chinese cosmetics company, Diane recalls, there weren’t any clear definitions of her job scope, and most decisions were made by the family. “If you earned their trust, then suddenly your project would get the funding. There was no real logic,” she says.

When she worked at the Red Flag Group in Hong Kong, an Australian-owned compliance firm with a global operation, she led a Korean team for due diligence and compliance. Due to the relatively small size of the company, she enjoyed a great deal of autonomy in her work. For this reason, she sometimes misses working for smaller companies. By contrast, at her current job, there isn’t as much flexibility and room with which one can change things but at the same time, she appreciates working with really capable and strong team members and has learned a lot during the process.

At first, she felt intimidated. “Everything is very fast paced and everyone is so professional,” she says. “But eventually you acknowledge the fact that you are here because you are equally qualified. You need that kind of confidence to work here. You learn more by doing more. By doing more, you gain the trust of your colleagues, asking relevant questions and eventually gaining their trust. But to do more, you’ve got to find the right people. What I mean is that in a big organisation, your work is mostly about finding who to ask the right questions because you don’t work in isolation. When you do that, then your job is done.”

If things don’t go as planned or happen at the timing that you hoped, just try again. — Diane Sohn

Her work motto – and advice for young business professionals – is to “be yourself and be proactive.”

Her achievement in being hired by JPMorgan Chase & Co marks the beginning of her dream career. Eventually, she wants to work as an accounting professional in the field of compliance within a financial institution. Although what she currently does is unrelated to compliance, she is learning in great detail how banks operate, how they react to crises and manage risks.

“I’m very glad to be a part of this organisation and I’m ready to make as many mistakes as possible so I can learn as much as possible here,” she says.

In the future, she wishes to work in policymaking – perhaps back in Korea or in an international organisation, where she can give advice and join in the policymaking process.

Reflections on Life and Career
Diane has very little leisure time, as she spends long hours during the week at work and much of her weekend attending classes on campus. Her saving grace is that she has two young children, who motivate her to go out and have fun.

“MAcc is a very demanding programme. It’s not a programme you can just get by. After joining JPMorgan Chase & Co, I found it a challenge to juggle my schedule. But I am very lucky to have my kids. They always approach life in a fun way and know how to enjoy life. They make me laugh, and they bring me to many places. If I were alone I would not choose to go to the beach but would rather just sleep and rest at home!” she laughs.

In fact, Diane is grateful that her husband is open-minded and supports her fully in developing her career. She doesn’t have to live the life of a stay-at-home mom as the typical Korean woman. Her children have also taught her to embrace diversity in people, and that has had a ripple effect in how she relates to others in the workplace.

For business school students who wonder if going into banking is a good idea, she would ask them: “What is it that you want in five years? There are no definite skills that guarantee success or failure. It really depends on what you want to do. When you are 20-something, you have a chance to think about how you can contribute to society. Work is not only about making money. You spend 12 hours at the office; it occupies a great part of your life. So think about how you want to spend your time and also how you want to contribute to society. The rest will then fall into place.”

You may fall, but if you fall and don’t get up again, that’s failure. — Diane Sohn

With her fellow students, she wants to share something beautiful she once heard: “Failure is not falling down. If things don’t go as planned or happen at the timing that you hoped, just try again. You may fall, but if you fall and don’t get up again, that’s failure.”

For herself, the biggest lesson she has learned over the years is “Don’t think too much; just do it! By doing, you can slowly move forward and get what you want, while also meeting interesting people along the way.”

By Louisa Wah

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FROM CUHK: CUHK Appoints Dean of CUHK Business School
Prof. Lin Zhou is University Chair Professor of Shanghai Jiao Tong University. He has rich experience in teaching and administration, having served the University for a decade. In 2008, he participated in the establishment of the Shanghai Advanced Institute of Finance and was appointed the Founding Deputy Director. He became Dean of the Antai College of Economics and Management in 2010 and led the transformation of Antai into a world-class business school during his eight years of leadership. Prior to his appointment at Shanghai Jiao Tong University, he held full-time academic appointments at Yale University, Duke University, Arizona State University for nearly 20 years, as well as visiting positions at Hong Kong University of Science and Technology, City University of Hong Kong, Tsinghua University, and other institutions in Australia, Belgium, Japan, and Spain.

Prof. Zhou remarked, “I am honoured to be offered the Deanship of CUHK Business School. The School is highly renowned for its strong academic research and talent base. I look forward to working closely with the faculty, staff, students and alumni, to make CUHK Business School one of the best institutions in the world. We will continue to nurture talent that embraces innovation, has an entrepreneurial mindset, and values social responsibility.”

Prof. Zhou graduated from Fudan University in 1982 and obtained his PhD in Economics from Princeton University in 1989. His research covers the basic theory areas of microeconomics, including game theory, mechanism design, social choice and welfare. As a prominent researcher and academic, Prof. Zhou has written numerous original papers, and has been appointed to the editorial boards of top ranking journals. He was awarded the Dissertation Fellowship and Research Fellowship by the Alfred P Sloan Foundation and, in 2009, he was elected as a fellow of the Econometric Society, the first from Greater China, further validating his remarkable research achievement.

Prof. Zhou has been actively involved in developing talent through management education. He was on the Board of Directors of the Association to Advance Collegiate Schools of Business (AACSB International) and chaired its Asia-Pacific advisory council; he is currently a member of its Business Accreditation Task Force. Prof. Zhou also serves on the EQUIS Accreditation Board of the European Foundation of Management Development. He sits on the advisory boards of different business schools around the world. Within mainland China, he is a member of Ministry of Education’s Supervisory Committees on MBA and Economics Discipline. The Shanghai Municipal government awarded him the Magnolia Silver Award in 2013 for his contribution to society as a foreign expert.

In accordance with the guidelines and procedures for the search and appointment of faculty deans, CUHK formed a search committee to launch a worldwide search for the next Dean of CUHK Business School. Having thoroughly considered the nominations/applications received, the Search Committee finally recommended Prof. Lin Zhou for the position. Pursuant to the appointment procedures, Prof. Zhou met with faculty, administrative staff and students of the Business School earlier to exchange views on the future development of the School and the Council subsequently appointed him as Dean of CUHK Business School.



This press release was first published in the CUHK website.

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FROM CUHK: The #CUHKBusinessSchool Bond in Legacy Families
SO FAMILY

Raymond So (MBA 1981)

Executive President, Daye Transmedia Group

Alvin So (MBA 2016)

Senior Associate Consultant, OC&C Strategy Consultants

 

Back in Raymond’s time in 1979, CUHK was the first and only MBA programme in Hong Kong, with only one class of 30 Hong Kong students each year. The CUHK MBA provided Raymond with the best opportunities to develop a career in business, and he highly recommended the programme to his son. Alvin wanted international business training and focus on the Chinese market, made easier with the large alumni network.

When Raymond attended his MBA, the programme did not have subject concentration or overseas study tours and only four students could go on exchange at New York University. By the time Alvin did his MBA, the programme had expanded its concentration options, course offerings and exchange programmes, as well as the size and diversity of the student population. That’s why Raymond thinks spending two years at school can build a strong bond with CUHK Business School, and offer an enriching experience.

During Alvin’s MBA, he was a member of the CUHK CSR Conference organising committee. He suggested inviting Raymond as a speaker and was amazed to find out that some classmates from Shanghai knew his father, who had spoken during orientation as the CUHK Shanghai Alumni Association President. Raymond was pleased to see Alvin on stage as a conference host, just as  Raymond had been emcee for many MBA class events during his time.

Raymond is very glad that Alvin took his advice to get an MBA at CUHK. “It is great to have a shared identity, a special bond. We are both CUHK MBA alumni! I hope we can have more Business School family legacies in the future.”

Three things that the So family want their grandchild to learn at CUHK

  • Be more than book smart to apply the knowledge taught in class to real-life scenarios.
  • Work effectively in a culturally diverse team and be a leader. Be open- minded and respect different opinions with a humble attitude.
  • Remain curious, encourage others to explore their passion and expand their horizons. Develop a lifetime learning attitude that opens their heart to new and innovative ideas.

CHU FAMILY

John Chu (MBA 1974) (Right)

Previously Group Chief Investment Officer, AIA Group Limited

Paul Chu (EMBA 2004) (Left)

Managing Director, RedWolf Airsoft Specialist Limited

 

The Chu family says CUHK is known for having a systematic programme for all areas of business education. Graduates are equipped to engage in different management functions to meet the needs of the rapid changes in the business world.

During John’s studies at CUHK, he often took his son to spend time on the campus. They spent many weekends swimming in the university pool and running around the lawns. Thirty years later, Paul took classes on the same campus and visited the same pool where they swam together, and they can both remember the good old times at the university.

John has witnessed CUHK’s evolution to become an institution with a global vision and remarked, “The programmes are designed to connect the East and the West, with a Chinese approach.” Paul echoes the same belief. Having attained his undergraduate degree in the United States before enrolling in CUHK’s EMBA programme, he finds the incorporation of Chinese philosophies and teachings in a business context within the programme appealing.

Over the years, John has been able to assume leadership roles across a broad range of disciplines. He attributes this to a can-do attitude toward problem-solving, strategic and critical thinking skills, and the ability to manage people from different backgrounds and cultures. He shares, “The excellent business leadership programme at CUHK has helped me to develop these skills. The lasting impact on me and others who have gone through the doors of CUHK is strong, ethical leadership and passionate commitment towards the betterment of society.”

Three things that the Chu family want their grandchild to learn at CUHK

  • Critical thinking
  • Global citizenship mindset
  • A macro view of the world and the history that shaped it

WONG FAMILY

Jacob Wong (BBA Accounting 1979; MBA 1982)

Chief Compliance Officer, China Taiping Life Insurance (Hong Kong) Company Limited

Christopher Wong (BBA-IBCE 2013)

Senior Consultant, KPMG Global Strategy Group

It was by fate for Jacob, and by choice for his son Christopher to attend CUHK Business School. Jacob started with physics, but was unable to cope with scientific theories. After studying accounting in year 1 and enjoying it, he transferred to Business School in year 2. Christopher liked CUHK for its school ethos, and decided to trace his father’s footsteps in China business. Christopher chose the International Business and Chinese Enterprise (IBCE) programme with advice from his father, and became part of the pioneer batch of IBCE students.

Christopher invited his dad to share the joy at some of his events, including his graduation, and the HPAIR (Harvard College Project for Asian and International Relations) Conference he hosted at CUHK. Recently, they attended the first Global Alumni Forum together in June 2019.

Jacob thinks there are more opportunities now than the time he attended CUHK, from exchange programmes to internships and competitions. One thing that has not changed much for them is the campus’ beauty.

As the saying goes: “Education is what remains after one has forgotten everything learned in school”. Teach our youth how to learn, but also how to love and respect. The Wongs wish to see more families here, not just in the literal context, but also in the community sense where one gives back to their home – CUHK Business School.

Three things that the Wong family want their grandchild to learn at CUHK

  • Humility
  • Perseverance
  • Love – the love of business mixed with humanities, and the love of people and our community
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FROM CUHK: Smart Move on the Airfield
The Hong Kong International Airport has been one of the world’s busiest airports for almost a decade, and it’s getting busier each year. While the airport has achieved an extremely high level of operational efficiency over time, there is always room for improvement, as each tiny clog in the big wheel creates a butterfly effect on the overall efficiency, which in turn has a combined impact on cargo flow and passenger experience.

To this end, the Airport Authority (AA) Hong Kong has been collecting lots of data to help its managers get a better handle on various operations in the airport, particularly on the airfield. However, a practical tool to make sense of the collected data was not available, and the tons of data were not being put to their maximum use, until AS2 came about.


From left to right, Prof. Waiman Cheung, Director of CCL and Professor of Department of Decision Sciences and Managerial Economics at CUHK Business School; Dr. Jerrel Leung (PhD in Management Information Systems), Chief Architect of ubiZense and Steven Yiu, Deputy Director for Service Delivery of AA, receive the ICT Award at the Hong Kong ICT Awards 2019 awards presentation ceremony.

AS2 was the solution offered by the Asian Institute of Supply Chains and Logistics (AISCL)’s CCL at CUHK Business School. The centre joined efforts with ubiZense Ltd to develop a deep-tech system known as AS2. This advanced, cloud-based system won both the Grand and Gold awards in the “Smart Mobility” category in the Hong Kong ICT Awards in April 2019 and the “Public/Private Partnership” category in the WITSA Global ICT Excellence Award in October 2019.

What is AS2?
AS2 is abbreviation for “IoT-Augmented Airfield Service System.” IoT stands for the Internet of Things. Basically, it means that all objects can be assigned digital identification numbers and their locations and movements over time can be tracked online by devices equipped with Bluetooth, RFID and GPS. The system’s name reflects the nature of this advanced AI system, which seeks to improve the operations and services performed inside the airport and on the airfield by making use of the data gathered through the above equipment and subsequently stored on the cloud.

According to Prof. Waiman Cheung, both the AA and CCL under his institute had agreed that it was time to put all the unstructured, multi-format big data into practical use, so that the airport’s operational efficiency could be further improved. These data include the time markers and geographical coordinates of objects and equipment at the airport, as well as operational airport data.

“AA had already collected these data, but they had not developed a structured way to make use of them,” says Prof. Cheung. “We realised that the data could not be used effectively right away, because they were overwhelmingly huge and disparate.”

For example, even though the digital coordinates of a certain equipment are available, what is the equipment actually doing in real time? “We could not figure that out simply by looking at the data,” Prof. Cheung points out. “So we decided that there should to be a way to arrange and analyse such data to create intelligence. The question thus became: How do we sift out relevant data for analysis and convert them into AI?”

According to Prof. Cheung, the AA had the data but lacked the tool, but the university had the necessary tool without real-life data feeds. The two’s collaboration thus became a match made in heaven.

“We used the collected big data and crunched them in our AS2 prototype,” explains the professor. “We could see what was happening at the airport in real time using the data ─ this is known as data visualisation. Then we analysed whether the operational efficiency were up to the airport’s target.”



Gathering Accurate and Meaningful Data
Prof. Cheung and his team, including chief architect of the project, Dr. Jerrel Leung (PhD in Management Information Systems), who founded the firm ubiZense in 2018, discovered some “unexpected results” in their attempt to analyse the airport’s big data.

Dr. Leung was previously a research assistant professor of Department of Decision Sciences and Managerial Economics at CUHK Business School and was involved in the research and development of AS2. His firm commercialises academic and scientific research and takes it to the marketplace.

The “unexpected results” included the finding that there was a big difference in the quality and usefulness of the data collected by human beings vs. data collected by machines.

In the case of human-collected data, the team found unavoidable bias and errors. For example, if the target completion time for a certain task is 20 minutes, the data gatherer might have recorded almost all the numbers at just under 20 minutes ─ in a bid to help achieve the management target. By contrast, when using motorised equipment such as GPS and RFID sensors, the data gathered were a lot more accurate and timely.

“The process became a lot more objective as a result,” observes Prof. Cheung. “Only when we have objective and accurate data can we do proper and meaningful predictions.”

After sorting out the best way to collect data, the team proceeded to fine-tune the collection of data and the AI system itself to improve its accuracy.

“AS2 is a great example of how collaboration between university, industry, and technology company can come to fruition. The synergy in the AS2 ensemble offered a unique pioneering solution to help the Airport Authority Hong Kong to continue improve the baggage delivery efficiency and the overall on-time performance,” Dr. Jerrel Leung, Chief Architect of ubiZense.

“CCL’s cutting edge research to solve real-life industry problems and ubiZense’s deep technology in leveraging IoT, big data, and AI deep technology to realise the conceptual ideas and to solve the AA’s problem. The HKICT Award is a great recognition and assertion of our collaborative efforts and we are looking forward to our further collaborative innovations.”


AS2 offers a multi-dimensional dashboard service to manage turnaround performance with enhanced operational visibility.

Tracking Operations in Real Time
AS2 allows airport managers to analyse all kinds of operations to see if they are performed on time, to find out the reasons for delays, and much more.

For example, automated equipment is attached to vehicles such as the baggage truck, and used to detect when the truck arrives at the gate. Say if an airplane has already parked at the gate but the baggage truck hasn’t yet arrived, that means the baggage delivery staff is not doing its job efficiently enough and the operational target is likely to be missed. Such an incident is recorded as part of the big data for further analysis.

“In the past, management had no idea what had happened once the baggage truck had left for the airfield. But with AS2’s automatic alert system, duty managers will be notified immediately when there is an accident, delay or speeding incident,” explains Prof. Cheung.

After the incident, data collected in real time can help provide a comprehensive view to aid the incident investigation process. Prof. Cheung says this is much better than the past scenario where foremen, duty managers, contractors, etc. presented different versions of the “truth,” making it extremely hard to pinpoint the root cause of the incident.

The most exciting feature of the system is that the entire scenario can be played back using computer animation technology.

“Because we have collected data in real time, minute by minute, we can retrace the whole scenario using animation.”

With the help of AS2, airport management will be able to more efficiently monitor the work of not only its own staff but that of its contractors as well ─ a key mission of the project.


Through the map service provided by AS2, uses can understand the status of all flights and equipment on the apron.

Data Put to Good Use
Besides investigating incidents, AS2 can also be used to improve procedures such as airplane maintenance, repair, cleaning and more.

“A large number of people work in these operational areas. They and their managers all wish to do a better job. Better data analysis would definitely help improve their work,” says Prof. Cheung.

In addition, the current congestion problem at the airport will benefit from a more efficient airfield operation.

Besides, airport passengers will be able to experience better service when real-time data are being collected and put to use for their benefits. For instance, there are a lot of luggage trolleys at the airport, but passengers sometimes just can’t seem to find them when they need them.

What AS2 can do in this case, is to detect where the trolleys are, how many there are, and how they are distributed in different parts of the airport. Using that data, combined with the information on flight arrivals, managers can assign the optimal number of trolleys to specific baggage carousel areas just in time for passengers’ arrivals.

The HKIA started using the AS2 prototype in Spring 2018, and is currently in Phase 2 of its deployment. “We’ll continue to improve our system and expand the coverage, year by year,” says Prof. Cheung.

Already, there has been improvements in many of the metrics with which the airport measures its operational efficiency. For example, aircraft turnaround ─ all the processes performed between the arrival and departure of an aircraft ─ and in particular arrival baggage handling has reached 90 percent of the AA’s performance target, according to Prof. Cheung.

“Of course, AS2 cannot claim full credit for that,” he adds. “There are other factors in play. But any improvement has a positive chain effect, considering how busy our airport is.”

“The airfield at HKIA is always extremely congested, so high efficiency is crucial for its smooth operation,” concludes the professor. “This, in turn, will reinforce Hong Kong’s position as a top international transportation hub and will improve passengers’ user experience as well.”





By Louisa Wah

Photo courtesy of The Airport Authority Hong Kong

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