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CUHK MBA Blogs and Updates

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Official Business School Representative
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The CUHK Derivatives and Quantitative Investing Conference  [#permalink]

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New post 07 Nov 2018, 02:01
FROM CUHK: The CUHK Derivatives and Quantitative Investing Conference
Organised by the Department of Finance at CUHK Business School, the conference participants were welcomed by the School Dean Prof. Kalok Chan and Department Chairman Prof. Joseph Cheng. In the one-day conference, 11 speakers from leading universities and business schools, government authority, asset management firms and FinTech startups were invited to share their research and expertise with participants in four sessions. The topics included:

  • “Understanding Returns to Short Selling Using Option-Implied Stock Borrowing Fees” by Prof. Neil Pearson (Keynote Speaker), Professor of Finance, University of Illinois at Urbana-Champaign
  • “Quantitative Trading Opportunities in Equity Option Market” by Prof. Jie (Jay) Cao, Associate Professor of Finance, CUHK Business School
  • “Free (Almost) Variance Insurance” by Dr. Yan Xu, Associate Professor of Finance, University of Hong Kong
  • “The Cross-Section of Idiosyncratic Variance Risk Premiums” by Prof. Christian Dorion, Associate Professor of Finance, HEC-Montreal; Scientific Coordinator of the Canadian Derivatives Institute
  • “Why Do Option Prices Predict Stock Returns? The Role of Price Pressure in the Stock Market” by Prof. Luis Goncalves-Pinto, Assistant Professor of Finance, CUHK Business School
  • “Center of Volume Mass: Does Aggregate Option Market Activity Predict Stock Returns?” by Dr. Jianfeng (Jeff) Hu, Assistant Professor of Finance, Singapore Management University; Academic Consultant, Heritage Capital Management
  •  “Innovative Asset Allocation and the Application of Derivatives” by Dr. Peng Fei, Chief Investment Officer, Wanwei Asset Management Ltd.
  •  “The Relative Index Level and Index-Options Pricing” by Prof. Chu Zhang, Head and Professor of Finance, Department of Finance, HKUST Business School
  • “Dynamics of Market Anomalies and Measurement Errors of Risk-Free Interest Rate” by Dr. Cho-hoi Hui, Head of Market Research, Hong Kong Monetary Authority
  •  “Price Discovery between Volatility Market and Credit market” by Mr. Jean-Paul Brasier, Head of Market Risk, Segantii Capital Management Ltd.
  • “Systematic Volatility Strategies” by Mr. Pierre Trecourt, Co-Founder, PremiaLab Ltd.
“We are honored to have three finance department heads/chairmen from CUHK, HKUST and HKU to participate in this conference,” said Prof. Jay Cao, the conference organiser and also the coordinator of CUHK Finance Ph.D. programme. “Hong Kong is a financial centre and derivatives market is a very important component. This event is a great opportunity for CUHK finance group, together with researchers from sister universities, to contribute to our finance industry and the society, and strengthen the position of Hong Kong as a global finance centre.”

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The post The CUHK Derivatives and Quantitative Investing Conference appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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CUHK MBA Program, The Chinese University of Hong Kong

Official Business School Representative
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CUHK Derivatives and Quantitative Investing Conference  [#permalink]

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New post 12 Nov 2018, 19:01
FROM CUHK: CUHK Derivatives and Quantitative Investing Conference
Organised by the Department of Finance at The Chinese University of Hong Kong (CUHK) Business School, the conference participants were welcomed by the School Dean Prof. Kalok Chan. Department Chairman Prof. Joseph Cheng further introduced the department’s strengths in both academic research and education. They keynote speech was delivered by Prof. Neil Pearson from University of Illinois at Urbana-Champaign. In the one-day conference, 11 speakers from leading universities and business schools, government authority, asset management firms and FinTech startups were invited to share their research and expertise with participants.

“We are honoured to have three finance department heads/chairmen from CUHK, HKUST and HKU to participate in this conference,” said Prof. Jay Cao, the conference organiser and also the coordinator of CUHK Finance Ph.D. programme. “Hong Kong is a financial centre and derivatives market is a very important component. This event is a great opportunity for CUHK finance group, together with researchers from sister universities, to contribute to our finance industry and the society, and strengthen the position of Hong Kong as a global finance centre.”

A number of participants are CUHK alumni working on derivatives at companies such as JP Morgan, Citi, BoAML, etc. “CUHK Department of Finance has nurtured many young talent for Hong Kong Financial industry including the derivatives sector,” said Prof. Ying-foon Chow, Director of Quantitative Finance Programme, where the programme is celebrating its 20th anniversary.

The topics included:

  • “Understanding Returns to Short Selling Using Option-Implied Stock Borrowing Fees” by Prof. Neil Pearson (Keynote Speaker), Professor of Finance, University of Illinois at Urbana-Champaign
  • “Quantitative Trading Opportunities in Equity Option Market” by Prof. Jie (Jay) Cao, Associate Professor of Department of Finance, CUHK Business School
  • “Free (Almost) Variance Insurance” by Dr. Yan Xu, Associate Professor of Finance, University of Hong Kong
  • “The Cross-Section of Idiosyncratic Variance Risk Premiums” by Prof. Christian Dorion, Associate Professor of Finance, HEC-Montreal; Scientific Coordinator of the Canadian Derivatives Institute
  • “Why Do Option Prices Predict Stock Returns? The Role of Price Pressure in the Stock Market” by Prof. Luis Goncalves-Pinto, Assistant Professor of Department of Finance, CUHK Business School
  • “Center of Volume Mass: Does Aggregate Option Market Activity Predict Stock Returns?” by Dr. Jianfeng (Jeff) Hu, Assistant Professor of Finance, Singapore Management University; Academic Consultant, Heritage Capital Management
  •  “Innovative Asset Allocation and the Application of Derivatives” by Dr. Peng Fei, Chief Investment Officer, Wanwei Asset Management Ltd.
  •  “The Relative Index Level and Index-Options Pricing” by Prof. Chu Zhang, Head and Professor of Finance, Department of Finance, HKUST Business School
  • “Dynamics of Market Anomalies and Measurement Errors of Risk-Free Interest Rate” by Dr. Cho-hoi Hui, Head of Market Research, Hong Kong Monetary Authority
  •  “Price Discovery between Volatility Market and Credit market” by Mr. Jean-Paul Brasier, Head of Market Risk, Segantii Capital Management Ltd.
  • “Systematic Volatility Strategies” by Mr. Pierre Trecourt, Co-Founder, PremiaLab Ltd.
Download Conference Agenda

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The post CUHK Derivatives and Quantitative Investing Conference appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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CUHK MBA Program, The Chinese University of Hong Kong

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CUHK Business School Admits More Than 800 Outstanding Local and Intern  [#permalink]

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New post 20 Nov 2018, 03:01
FROM CUHK: CUHK Business School Admits More Than 800 Outstanding Local and International Undergraduates for 2018-19
The Chinese University of Hong Kong (CUHK) Business School announced today an impressive undergraduate student intake this year comprising more than 800 local and international students. Many of them have achieved outstanding performances in public examinations and/or other areas such as sports, music and arts.

Amongst all eight JUPAS participating institutions, CUHK Business School has three out of the ten most competitive programmes/streams based on median admission scores of students’ best five subjects, including Global Business Studies (GBS), Quantitative Finance and Risk Management Science (QFRM) and International Business and Chinese Enterprise (IBCE).

Three programmes/streams at CUHK Business School admitted JUPAS applicants this year with a score of 35, i.e. Level 5** in five subjects in the Hong Kong Diploma of Secondary Education (HKDSE) examination this year.

Four CUHK Business School programmes have been among the top 10 CUHK programmes based on weighted GPA for five consecutive years, including GBS, QFRM, IBCE and Quantitative Finance. Other programmes such as the Bachelor of Business Administration (Integrated BBA Programme) and Juris Doctor (BBA-JD) Double Degree Programme have also recorded significant year-on-year improvement in terms of median admission scores.

CUHK Business School is well recognised and sought after by local students who want to pursue business education at in university. The School has admitted many high-calibre local and international students through various channels, including:

  • Luk Hei of St. Paul’s Co-educational College was admitted to the GBS programme as one of the top candidates in Hong Kong who attained Level 5** in seven subjects in the HKDSE examination. Luk has played the piano and harmonica from since young, and won an award in the 2016 Asia Pacific Harmonica Festival.
  • Chan Sabrina Hiu-yui from Heep Yunn School achieved Level 5** in six subjects in the HKDSE examination and was admitted to the Professional Accountancy Programme. Chan has been playing the sheng, a 21-pipe traditional Chinese wind instrument since she was eight. In 2016, Chan was among three Hong Kong students who won in the Young International Musician and Open Folk Solo Instrumental categories at the 70th Llangollen International Musical Eisteddfod, an internationally acclaimed music festival in Wales.
  • Admitted to the GBS programme, Isa Cheng Yee-sum from St. Paul’s Co-educational College also attained a perfect score of 45 points in this year’s International Baccalaureate (IB) Diploma, making her among the world’s 186 top scorers in IB’s May 2018 examination session. Cheng looks forward to learn not only technical knowledge but also soft skills to interact with people in the business world through the programme.
CUHK Business School contributes to building a culturally diverse environment, having admitted 226 outstanding international students from 20 countries and regions around the world this year, including Brazil, Canada, China, France, India, Indonesia, Kazakhstan, Kyrgyzstan, Macau, Malaysia, Portugal, Russia, Slovakia, South Korea, Taiwan, Thailand, The Philippines and the United States. Sumrith Thanadol and Choochua Chanachida from Thailand were admitted to the Integrated BBA (IBBA) programme through the Hong Kong Scholarship for “Belt and Road” Students (Thailand) scheme provided by the Education Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR). Another GBS student, Juan Kun-hung Frank, scored full mark in Taiwan’s General Scholastic Ability Test. Juan is confident that he can take full advantage of the opportunities from GBS to gain international exposure and ultimately help him develop a global perspective.

This year, 27 elite sportsmen and talents in various areas who represent Hong Kong in major international sports and other key competitions were admitted to the School through the Sports Scholarship Scheme, School Principals’ Nomination Scheme and the Multi-faceted Excellence Scholarship awarded by HKSAR Home Affairs Bureau. These athletes have competed in a variety of sports both at home and overseas including archery, badminton, basketball, fencing, handball, table tennis, tennis and swimming. Admitted to the IBBA programme through the Sports Scholarship Scheme, Mak Pak-ngai is a Hong Kong representative in badminton and was also named as one of the 2017/18 Elite Sport Scholarship Athletes by the Hong Kong Sports Institute.

The post CUHK Business School Admits More Than 800 Outstanding Local and International Undergraduates for 2018-19 appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Posts: 55
School of Hotel and Tourism Management Celebrates 20th Anniversary  [#permalink]

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New post 21 Nov 2018, 20:01
FROM CUHK: School of Hotel and Tourism Management Celebrates 20th Anniversary
On 20 November, the Chinese University of Hong Kong’s School of Hotel and Tourism Management hosted a Gala Cocktail at the Peninsula Hotel, celebrating its 20th Anniversary with over 200 guests that included government officials, industry leaders, academia, alumni and many more.

Professor David Chan, Director of School of Hotel and Tourism Management opened the evening by welcoming distinguished guests, colleagues, and alumni, followed by remarks by The Hon Matthew Cheung Kin-chung GBS JP, Chief Secretary for Administration, HKSAR; Ms. Sonia Cheng, Chairman, Advisory Committee on Hotel and Tourism Management, CUHK, CEO of Rosewood Hotel Group; and school founder Professor Kam-hon Lee, Emeritus Professor of Marketing at CUHK; as well as Professor Kalok Chan, Wei Lun Professor of Finance, Dean, CUHK Business School.

Apart from congratulating the School on its 20 years of successful development, these four speakers also acknowledged and thanked former and current programme directors, professors, students, and staff members for their outstanding contribution that has made the School what it is today.

Ms. Sonia Cheng remarked about how new hotels and brands have injected some much-needed vibrancy into the markets, while existing hotels face further rate pressure and manpower constraints, calling for the industry to continue to innovate in all aspects, and acknowledging how the School has been grooming leaders for the industry.

Professor Kalok Chan added that the School of Hotel and Tourism Management was established in 1998, a year that most will remember as one of Hong Kong’s toughest years when the Asian financial crisis swept through, yet also opened up new opportunities. Two decades later, establishing the School is now seen as a far-sighted action. Prof. Chan expressed confidence that under the leadership of Professor David Chan, the School of Hotel and Tourism Management at CUHK Business School is poised to expand its regional global reach and reputation.

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The post School of Hotel and Tourism Management Celebrates 20th Anniversary appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Celebration of CUHK 85th Congregation for the Conferment of Degrees  [#permalink]

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New post 25 Nov 2018, 23:01
FROM CUHK: Celebration of CUHK 85th Congregation for the Conferment of Degrees
During the Congregation Ceremony, Prof. Rocky Tuan, CUHK’s Vice-Chancellor, encouraged students on staying true to themselves and finding success as a professional. “Dear students, cherish and remain true to your aspirations, and do not forget the pure and simple reasons that motivated you at the outset. I wish all of you every success, and I look forward to your coming back as alumni to your alma mater, to share your lives’ stories in the very near future.”

The Congregation for the Conferment of Degrees is one of the highlighted events at the University and is cherished by faculty members, staff, students, alumni, and parents. Prof. Fan Tingting (Department of Marketing) and Dr. John Lai (Department of Management) received the University Education Award, for their outstanding commitment to the promotion of teaching excellence; Prof. Lisa Wan (School of Hotel and Tourism Management) was also presented with the Vice-Chancellor’s Exemplary Teaching Award during the ceremony.

CUHK Business School hosted a special celebration at the Cheng Yu Tung Building on Saturday, 17 November, inviting students, faculty members, staff, alumni and parents to return for photos and refreshments after the Master’s Degree Graduation Ceremony.

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University Education Award 2018 博文教學獎2018

【Good Teachers at CUHK】You may have realised that outstanding educators have one thing in common. They put students' growth before knowledge transfer. Congratulations to Prof. Fan Tingting and Dr. Lai Hon-weng John of the Faculty of Business Administration; and Dr. Yuen Kwan-yuk Jacqueline of the Faculty of Medicine on being awarded the University Education Award 2018.【中大好老師】你會發現,出色教育工作者的共通點是把學生的自我成長放首位,比傳遞知識更重要。恭喜中大工商管理學院范亭亭教授、賴漢榮博士,以及醫學院阮君毓博士憑藉用心教學,獲大學頒授2018年度博文教學獎。

The Chinese University of Hong Kong 香港中文大學 – CUHK 發佈於 2018 年 11 月 15 日 星期四

The post Celebration of CUHK 85th Congregation for the Conferment of Degrees appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Communicating and Connecting the University with Businesses  [#permalink]

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New post 26 Nov 2018, 03:01
FROM CUHK: Communicating and Connecting the University with Businesses
Prof. Michael Zhang completed his undergraduate at Tsinghua University back in 1996 majoring in two languages – English and Computer Science. He chose English because it was the language that could connect him with the world, and Computer Science allowed him to communicate with machines. The ability to communicate with both people and machines brought him from Beijing to Boston and eventually to Hong Kong, influencing both his personal and professional life.

Those were the emerging years of the “World Wide Web” and Prof. Zhang found out that Beijing Telecom, a subsidiary of China Telecom, was inviting people to sign up for its first 200 email accounts. Dialing up to the internet in 1992 through his phone line at home, Prof. Zhang got his first email account, as well as a RMB2,000 phone bill – an astronomical figure in those days which his mother reprimanded him for. What was dubbed as teenage curiosity sowed the seeds of innovation that went on to pave his personal and professional development for the next two decades.

“As an academia, I often remind myself that the university is a part of society, which is why academia needs to be a part of society rather than work in a silo, and to think about how our research can create an impact in our communities.” —— Prof. Michael Zhang

After completing his undergraduate studies, Prof. Zhang had short stints with 21vianet, the first internet data centre set up in China, as well as China United Holdings as an investment banking consultant, both giving him exposure to real life applications of technology and confirming his approach in choosing research topics based on usability. With an increasing interest to understand the impact of information technology on marketing including products, behavior of both buyers and sellers, advertising, search engine and the ensuing financial returns, Prof. Zhang went on to do his Masters of Science in Management with Tsinghua University and completed his PhD in Management at MIT Sloan School of Management, writing his dissertation on “Tapping into the Pulse of the Market – Essays on Marketing Implications of Information Flows”.

Two decades on since his PhD, Prof. Zhang continues his research and collaboration with companies, expanding his interests of studying about the influence of IT in marketing to IT in finance. “As an academia, I often remind myself that the university is a part of society, which is why academia needs to be a part of society rather than work in a silo, and to think about how our research can create an impact in our communities. This is the principle I use when choosing my research projects as well, which is why I love communicating and connecting the university with businesses.” One similar theme for Prof. Zhang’s work is that he focuses on data and experiments with it to build models, “Businesses succeed because they find the right model that works, and the businesses that sustain are the ones who have been able to replicate that model.”

Prof. Zhang shared about a project with the Chinese internet-related services and products company Baidu back in 2016-2017, on how they were looking to use advanced artificial intelligence technology to improve its business model. Similar to many of his past collaborations with the private sector, this opportunity came about by chance, when one of his contacts at Tsinghua University who is an advisor to Baidu reached out to him to see if he could help. His project studied the behavior of advertisers who placed bids on Baidu’s search engine, and after analysing 70TB of data and helped develop new algorithms which enabled Baidu to be able to set a minimum cost on marketing keywords, ultimately increased the company’s revenue by 26 per cent.

“Data only tells correlation, it takes a lot of experimenting to find out the causal relationship and that’s what makes data useful,” Prof. Zhang explained about the core element of his work. He believes the financial sector has so much that it can do with all the data it has, “Banks are in the very early stages of leveraging the data they have and apply it across their business. I am also bullish about blockchain and bitcoin.”

“Businesses succeed because they find the right model that works, and the businesses that sustain are the ones who have been able to replicate that model.” —— Prof. Michael Zhang

In early 2019, he will be teaching students of MSc in Management and MBA in Finance programmes on courses such as financial data analysis, FinTech and entrepreneurial finance. The objective of the FinTech course is to educate students about social impact that FinTech businesses should and can create, while equipping them with foundational programming skills that students will be able to use even in their personal daily lives. The entrepreneurial finance course, a rather straightforward curriculum, covers the basics of how to raise capital for entrepreneurial ventures and improve start-ups’ valuation.

Touching on the topic of entrepreneurship and how the idea of starting a business or becoming part of a start-up seems to be all the rave these days, Prof. Zhang did not shy away from sharing about his successes. “I’ve been lucky to have a few successful businesses, and I’ve also experienced a lot of failures which I see as a good thing. There’s always something to learn from failures.”

He admitted that next spring will be a challenge as he will be teaching executives in the EMBA (Chinese) programme about the strategic value of IT in transforming traditional business, given how many of these executives are already very successful in their own rights.

Unsuspectingly, Prof. Zhang attributes much of his success to luck. “Ultimately, luck is the key factor in whether a business succeeds or not, more so than any other skills. You can try to apply every lesson you learn from books or successful entrepreneurs, but never underestimate how luck is the ultimate element that decides if your business will take flight.”

The post Communicating and Connecting the University with Businesses appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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PACC and GBS Students Reaped Three Awards at HKICPA Business Case Com  [#permalink]

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New post 28 Nov 2018, 02:01
FROM CUHK: PACC and GBS Students Reaped Three Awards at HKICPA Business Case Competition 2018
Two teams from CUHK Business School were recognized for their outstanding performances at the HKICPA Business Case Competition. Four year-two PACC students including Ivan Lee, Ann Ma, Vincy Wan, and Karen Wong won the First Runner-Up while the other four year-one GBS students including Audrey Chau, Jason Lo, Anson Kan, and Heidi Chan won the Second Runner-up and the Best Written Report.

Three teams from CUHK Business School, including two from PACC and one from GBS, were shortlisted as three of the 12 finalists to compete for the championship. Finalist teams were required to submit a business proposal to improve the performance and restore the image for a company, and present their strategic ideas in front of the adjudicating panel. During the contest, Dr. Edmund Wong, PACC Programme Director, Dr. Raymond Wong, GBS Programme Co-Director and Mr. Eric Leung, PACC Associate Programme Director were at the contest to support the students. The winning teams impressed the judges with their comprehensive market analysis, international perspective and feasible strategies.

Organized by HKICPA, the competition was open to all undergraduate students from any disciplines and any tertiary institutions in mainland China, Macau, and Hong Kong.  This year, the competition attracted more than 630 teams from various cities and provinces in China including Beijing, Guangzhou, Nanchang, Shantou, Tianjin, Zhuhai, as well as Macau and Hong Kong to participate.

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The post PACC and GBS Students Reaped Three Awards at HKICPA Business Case Competition 2018 appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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CUHK Marketing Professor Named MSI Young Scholar  [#permalink]

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New post 29 Nov 2018, 20:01
FROM CUHK: CUHK Marketing Professor Named MSI Young Scholar
Established in 2001, The MSI Young Scholars Program is a biennial programme that recognizes some of the most remarkable marketing scholars worldwide who possess the potential to become the future leaders of marketing academics.

“We are honoured as well as thrilled to receive this recognition from this year’s MSI Young Scholars Program,” said Prof. Michael Hui, Choh-Ming Li Professor of Marketing and Chairman of Department of Marketing. “This recognition exemplifies CUHK Business School’s long-standing endeavour towards research excellence, and it is encouraging to see Luxi being recognized as one of the best young marketing academics worldwide.”

ImageProf. Shen earned her Ph.D. in Behavioural Science from The University of Chicago Booth School of Business in 2014 and joined CUHK Business School in the same year. She studies basic judgment and decision-making topics that have important marketing, managerial, and policy implications. Her recent research focuses on uncertainty, risk, and luck in the context of pricing strategies and incentive designs. Prof. Shen’s work has been published in top academic journals including the Journal of Consumer Research, the Journal of Marketing Research, Psychological Science, and Organizational Behavior and Human Decision Process.

“I am deeply honoured to join the 2019 class of MSI Young Scholars,” said Prof. Shen. “It takes a village to raise a child. I thank my village here at the CUHK Business School for their generous and continuous support throughout the years. I am especially grateful to my great colleagues in the Department of Marketing for inspiring and motivating me to pursue world-class research.”

Another member of our CUHK Business School community, Prof. Irene Huang, was also named as a 2019 MSI Young Scholar. She completed her doctoral degree under the supervision of Prof. Michael Hui and Prof. Meng Zhang, Professor of Department of Marketing and Assistant Dean (Teaching and Learning), in 2013 and is currently an assistant professor at the College of Business at Nanyang Technological University in Singapore.

The post CUHK Marketing Professor Named MSI Young Scholar appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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CONNECT Vol. 27 – December 2018 is Available!  [#permalink]

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New post 02 Dec 2018, 17:01
FROM CUHK: CONNECT Vol. 27 – December 2018 is Available!
In this issue, we start off by taking a look at the human genome, if there are specific genetic markers involved in genetic influences on leadership, answering the question on whether leaders are born or made and how either answer would still make it a mixed blessing with complicated effects.

One of the most popular online group buying e-commerce platform in the U.S. celebrates its 10th anniversary this year, and we take a look at the science of group buying, comparing it to a China e-commerce company that bears a similar nature. Beyond the simplicities of forming a group of people to enjoy quantity discounts, we find out what other motivations and behaviours should a good coupon model be able to drive and elicit.

On the topic of getting close to consumers, we explore a timely topic on how to take customer service to the next level in order to compete and survive in today’s service industry. While creativity and innovation in customer service are not new directives, we try to find out how good is good enough.

Contents
Please click here to download the magazine in PDF format.

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The post CONNECT Vol. 27 – December 2018 is Available! appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Prof. David Ahlstrom Named Among the World’s Most Highly Cited Researc  [#permalink]

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New post 02 Dec 2018, 21:01
FROM CUHK: Prof. David Ahlstrom Named Among the World’s Most Highly Cited Researchers
96 researchers around the world were identified as Highly Cited Researchers in the Economics & Business field, and Prof. Ahlstrom is among the five researchers from universities in Asia.

The Highly Cited Researchers list recognises world-class researchers selected for their exceptional research performance in one or more of 21 broad fields (those used in Essential Science Indicators (ESI)) or the cross-field category, determined by production of multiple highly cited papers that rank in the top 1 per cent by citations for field and year in Web of Science.

Please click here for the full list of Highly Cited Researchers 2018.

A press release was also posted on the CUHK website on 2 December 2018.

The post Prof. David Ahlstrom Named Among the World’s Most Highly Cited Researchers appeared first on CUHK Business School.
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Prepare to Venture into the eSports World  [#permalink]

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New post 04 Dec 2018, 03:01
FROM CUHK: Prepare to Venture into the eSports World
Clearence Cheung (BBA in Integrated BBA 2013) has expressed a keen interest in video games from a young age. He joined Google after finishing university and worked in advertising and YouTube content management. A few years later, he left the tech giant to start a digital marketing company with a partner. He subsequently ventured into the eSports business and established an all-women professional eSports team. It did not take long for the team to be acquired by Emperor Esports Stars, and he was recruited as the company’s Head of Business. Clearence attributes his passion and career success to his strong foundations, which help him seize opportunities that knock on his door.

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Undergraduate Studies as a Time to Accumulate Experience Points
A business major, Clearence has shown a great deal of business acumen since the age of ten. As a keen online gamer, he did not just play to entertain himself but made money too. By obtaining sought-after weapons and reselling them to other players he was able to earn at least a thousand dollars a month.

Clearence had a fulfilling campus life at CUHK. Besides learning, he completed five internships in areas including event management, digital marketing and market research, starting from Year 2. He thinks the combination of theory and practical experience gave him comprehensive understanding of the business world, and his extensive internship experience gave him an edge over his peers. One of the things that impressed Google and landed him a job there despite strong competition was his work experience.

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Clearence (far right) joined a mentorship programme and worked under Prof. Andrew Chan (2nd from left), EMBA Programme Director. Clearence has met many business leaders through Prof. Chan.

“Leveling up” with Foresight and Network
Clearence led a remarkable career at Google and took on many different roles, including working with advertisers and advertising agencies. He was later appointed as the Hong Kong Partnership Manager of YouTube, responsible for the growth of YouTubers, assisting brokering partnerships between brands and YouTubers. However, he did not want to become complacent and work only one job in his entire life. As social media became more integrated into our daily lives and KOLs (key opinion leaders) played a more influential role in affecting consumers’ purchasing decisions, Clearence saw a business opportunity. He left Google after four years and founded digital marketing company Jengah Limited with his partner Elton, who is also a graduate from CUHK Business School.

Jengah specialised in tailor-making digital marketing strategies for clients. While Clearence leveraged his professional network to negotiate partnerships between clients and KOLs, Elton focused on video content creation. Little did they think a two-person company with an extremely low set-up cost could manage to pull in HK$3 million revenue in the first few months. They even won the champion in the startup team category at the Hong Kong selection round of the 2017 Qianhai Shenzhen-Hong Kong-Macao Youth Innovation and Entrepreneurship Competition.

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Clearence (right) partnered his university classmate Elton to establish digital marketing company Jengah. They won the champion in the Start-up Team Category in the Hong Kong selection round of the 2017 Qianhai Shenzhen-Hong Kong-Macao Youth Innovation and Entrepreneurship Competition.

The Ultimate Key to Success: Keep the Fire Going
An idea struck Clearence one day: Rather than making deals for other KOLs, why not mentor his own? Because of his passion for video gaming, he was very up-to-date with eSports trends. He noticed the lack of major eSports KOLs at that time, so he put together an all-women professional eSports team, Stinga. In less than two months, Stinga was acquired by Emperor Esports Stars, and Clearence joined the company as Head of Business.

Like physical sports such as football and basketball, eSports is not held back by language barriers. It has quickly become one of the most watched forms of sports globally. Reports indicate that the global viewership of online game League of Legends has surpassed that of the NBA. Besides revenue from ticketing and broadcast rights, eSports also simulates growth in other components along the industry chain such as gaming devices and tourism and contributes to massive economic yield. The global revenue of eSports was estimated at US$700 million last year, and it is expected to grow exponentially.

Besides expanding eSports business within his company through advertising and sponsorship, media promotion, partnership with brands, Clearence also offers the government insights into local eSports development and manages an eSports diploma programme co-organised by Emperor Esports Stars and academic partners. The programme covers topics such as business ecosystem, financing strategies, team management, and game commentary, and Clearence also gives lectures on event management. The programme was full as soon as enrollment began.

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Clearence’s (far right) digital marketing company Jengah founded an all-women professional eSports team Stinga

Final Boss: Hongkongers’ Misconception of eSports
The future of the eSports industry in Hong Kong is full of challenges. “Take a look at eSports overseas. In mainland China, it’s backed by video gaming giants like Tencent; in Taiwan, it’s supported by the semiconductor industry; In Korea and even the US and Europe, they’re championed by their governments. Development in Hong Kong is lagging behind because it doesn’t enjoy any of these advantages. We don’t even have an eSports venue.” Clearence thinks the misconception about eSports is the biggest of all the obstacles. “eSports is such a massive global industry, but people think eSports is merely video games. An average video gamer isn’t on a par with an eSports player. The latter spends up to 16 hours a day training. It requires every ounce of perseverance. I hope to play a part in helping eSports gain the recognition it deserves from Hongkongers one day.”

Although the market is small, our homegrown players have been thriving in this niche environment. “They’re remarkably quick on their feet and resilient. In the 2018 Asian Games that has just wrapped up, Hong Kong qualified for four of the six events and even proved our worth by winning a gold medal in the Hearthstone tournament!”

Clearence has a piece of advice to those who want to enter the eSports business: First, they must perform well academically instead of using it as an excuse to skip school. Second, they need to know whether they have the passion it takes to be an eSports player or if they are just an avid gamer. “Only those with passion can devote this much energy to a cause, like me and my colleagues.”

If one can apply this much passion for video games, how hard would it be to win in the game of life?

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Clearence (right), Head of Business for Emperor eSports Star, with Mr. Ryan Chow (centre), Founder and CEO of the Cyber Games Arena, and Mr. Eric Yeung (left), President of the E-sports Association Hong Kong, launch the first eSports diploma programme accredited by the government.

 



 

The post Prepare to Venture into the eSports World appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Love of Sustainability Powers Passion to Drive Change in Society  [#permalink]

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New post 12 Dec 2018, 21:01
FROM CUHK: Love of Sustainability Powers Passion to Drive Change in Society
In an interview with South China Morning Post, Iu says, “My career aspiration is to create sustainable business solutions through the strategic alignment of business and social impact. I am looking to contribute to the complex social landscape, and ultimately creating a sustainable environment with positive impact on society.”

She is the president of the CSR (corporate social responsibility) Committee, one of the many social clubs in CUHK MBA programme.

“[CUHK Business School] encourages us to join student clubs as committee members to broaden our exposure and connect with different people. As the president of the CSR committee, it provides me with unique opportunities to organise the annual CUHK MBA CSR conference, Asia’s largest student-led conference,” states Iu.

“As sustainability is my passion, my knowledge of the subject continues to grow through connecting with sustainability leaders and organising events and workshops,” Iu says.

Iu adds that both the Business School and its MBA programme provide great networking opportunities with classmates, alumni and professionals from diverse fields.

“It offers a wide range of elective courses, with different concentration options. It accelerates personal development in leadership, teamwork and managerial and entrepreneurship mindset.”

Out of all the modules, Iu likes social entrepreneurship and impact investment the most for its practicality and the quality of the highly internationalised teaching faculty.

“We have guest speakers from diverse perspectives in the social entrepreneurship field who share with us during every class. This course connects us with the social entrepreneurship network at an early stage in the MBA journey,” she says.

Iu offers this advice to potential MBA students, “Never limit yourself. The world is large, so do go out and explore opportunities.”

Please also click the image below to read the full story published in South China Morning Post’s print edition.

Source: South China Morning Post

Date published: 5 December 2018

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The post Love of Sustainability Powers Passion to Drive Change in Society appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Love of Sustainability Powers Passion to Drive Change in Society &nbs [#permalink] 12 Dec 2018, 21:01

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