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CUHK Business School Student Named Outstanding Tertiary Student for So
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19 Oct 2023, 19:00
19 Oct 2023, 19:00
| FROM CUHK: CUHK Business School Student Named Outstanding Tertiary Student for Social Commitment |
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Evelyn had her first taste of social services during the pandemic when she was in secondary school. Her volunteering experience of teaching Cantonese online for newly arrived children from the Mainland had a profound impact on her, inspiring her to continue using her abilities to contribute to those in need in the wider community. Driven by her passion to serve, Evelyn participated in a programme organised by Innovation x Business @CUHK, a tech-business-focused platform, to develop a mobile app that aims to help elderly to expand their social network. As a secondary school student, Evelyn was fascinated by the experience to work with passionate, like-minded peers, including undergraduate students from CUHK Business School. The challenging yet meaningful experience solidified her decision to pursue her studies at CUHK Business School. Evelyn was drawn to GBS at CUHK Business School for several reasons. The intimate class size and robust alumni network enable her to foster close relationships with classmates and seek guidance from seniors effortlessly. Besides, she values the abundant networking opportunities offered by the School, which allow her to hone her communication skills and expand her professional network.      At CUHK Business School, Evelyn cherishes the flexibility and the freedom to manage her own timetable. She actively engages in case competitions, internships, and the Cambridge Consulting Network, seizing every opportunity to broaden her horizons. Through these experiences, she has developed a systematic and strategic approach to problem-solving, gaining real-world experience that will benefit her in her future endeavours. As a young student, Evelyn firmly believes in the value of small acts of kindness. “While we may not have the power to change the world on our own, we can certainly enhance the lives of others. Even if it’s just one single life, we are still making a meaningful difference and contributing to the creation of a better world.” Looking ahead, Evelyn is determined to serve the community leveraging her business knowledge. “I believe that business skills and knowledge play a crucial role in leading to the success of a social enterprise. This fuels my motivation to master practical skills and widen my horizons at CUHK Business School.”  The post CUHK Business School Student Named Outstanding Tertiary Student for Social Commitment appeared first on CUHK Business School. |
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A Dedicated and Steadfast Trailblazer Leads with Strength and Flexibil
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23 Oct 2023, 18:00
23 Oct 2023, 18:00
| FROM CUHK: A Dedicated and Steadfast Trailblazer Leads with Strength and Flexibility |
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A Committed and Unwavering Industry Leader Loretta joined Arthur Andersen (which merged with PwC in 2002 and is one of the Big Four accounting firms) since she graduated from university. She has carved out an illustrious career for herself by diligently and determinedly climbing the ranks at PwC. Loretta has helped numerous companies with their initial public offerings in Hong Kong and the United States and guided clients through substantial mergers and acquisitions. Presently, she is the Sustainability Deputy Leader of PwC Mainland China and Hong Kong, as well as a proud partner of the firm. In recent years, Loretta has been serving in various public positions. As President of the HKICPA, she actively promotes the accounting industry’s accelerating progress. She is also Treasurer and Council Member of the Hong Kong Polytechnic University, Deputy Chairman of the Mandatory Provident Fund Scheme Advisory Committee and a member of the General Committee of the Federation of Hong Kong Industries. An outstanding student growing up, Loretta has adapted her integrity, dedication and sincerity to her professional life. She believes that women bring distinct strengths to the business world – they can approach issues with impartiality and discipline, set clear goals and successfully contend with difficult decisions. At the same time, they can handle challenging clients with a “soft touch” and tactfully resolve issues both internal and external.  Laying a Solid Foundation During University Loretta is grateful to the CUHK Business School family for empowering her with a solid foundation. “The CUHK student standard is quite high. The school’s curriculum is crafted to help students develop and hone their knowledge. At our firm, for example, we find CUHK graduates to have a strong grasp of fundamental accounting concepts and that’s critical for their future development in the industry.” Loretta’s journey into business studies and an enduring career in accounting was more a twist of fate than a deliberate plan. Originally, she aspired to pursue medicine, but destiny led her to business administration, a major which included accounting as a compulsory course. Even though she struggled with this new subject initially, Loretta committed herself to learning the syllabus and preparing diligently for lessons. The process allowed her to equip herself with a basic understanding of the subject and its theories, knowledge which she supplemented by seeking after-class advice from her professors. This proactive approach not only facilitated her learning, but it also helped form lifelong friendships. Loretta has maintained contact with certain professors. She also continues to connect with graduates from multiple generations through the alumni network.        Striding Forward to Propel Industry Development Networking and relationships are critical to success in the business world. As such, Loretta has always fostered genuine, trusting relationships which are defined first and foremost by sincerity. “Clientele cannot be built overnight; if you wholeheartedly help someone and gradually establish mutual trust, these people won’t forget you. Moreover, they will come find you in times of need. Your business will thrive as a result.”  As President of HKICPA, Loretta has devoted the past two years to broadening the horizons of her profession. At the same time, she is aiming to redefine its parameters to increase competitiveness. For example, she is committed to modernising the HKICPA’s Qualification Programme examinations, updating the exam paper format to make it more convenient for aspiring non-accounting major students to pursue an accountancy career. Loretta stressed that when it comes to industry advancement, technology is indispensable. Artificial intelligence can address the repetitive auditing processes and assist in data analysis, freeing up time for practitioners to concentrate on exercising judgements in analysing results and tend to client needs. She hopes that young people, regardless of the career they choose, can maintain their dedication, strive for self-improvement and ultimately achieve success. The post A Dedicated and Steadfast Trailblazer Leads with Strength and Flexibility appeared first on CUHK Business School. |
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From Crisis to Collaboration: Turning Too Little Too Late into a Rally
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24 Oct 2023, 01:00
24 Oct 2023, 01:00
| FROM CUHK: From Crisis to Collaboration: Turning ‘Too Little Too Late’ into a Rallying Call for Green, Fin, and Tech to Unite and Ensure Sustainability |
Today, GoImpact, an ESG and Sustainability education and EdTech firm, once again partnered with The Chinese University of Hong Kong (CUHK) Business School for their second collaboration to release the Green Fintech Report 2023 – titled “The Intersection of Green, Fin, and Tech: A Study across 5 APEC Economies”. This comprehensive study, supported by Ant Group, builds upon the success of last year’s report and provides deeper insights into the developmental landscape of Green Fintech across five APEC economies, Hong Kong, Indonesia, Thailand, The Republic of Korea (South Korea), and Singapore.
As sustainability takes center stage globally, governments in the five APEC economies are actively exploring innovative strategies such as carbon taxes and tax incentives for the GreenTech and Cleantech industries and Carbon Markets. However, the regulatory landscape in Asia faces challenges due to ambiguity, differing regulatory frameworks, and misaligned definitions and metrics. Separately, SMEs face difficulties accessing and benefiting from green financing due to regulatory complexities and resource limitations, despite their potential for driving sustainable growth. Regulatory clarity is crucial for SMEs development, countering greenwashing, and increasing credibility and investor trust in sustainable finance. The lack of standardisation in the complex Green FinTech landscape across these markets calls for regional collaboration for standardised best practices for alignment of ecosystems. Both the Private and Public Sectors are Eyeing Green Technologies Client demand for sustainability, performance, transparency, and accountability is fueling a transformative shift in investments. The private and public sectors are actively exploring sustainable and green technologies, such as carbon capture, usage and storage (CCUS) and ESG risk modelling. Separately, AI and machine learning solutions are increasingly adopted by organisations, streamlining ESG compliance, carbon management, and risk assessment. For example, leading rating agencies like Sustainalytics and Moody’s incorporate AI and machine learning into their analytical frameworks, enabling faster and more accurate analysis of large volumes of data. Challenges Faced by Green Fintech, Particularly the Critical Shortage of Talent Apart from the necessity for green finance advancements, the heart of Green FinTech also confronts the challenge of finding talent that can bridge financial, technology, and sustainable knowledge. Corporations already grappling with complexities like scope 3 emissions transparency and Net-Zero commitments recognise the strategic imperative of sustainability education and training. In locations like Hong Kong, recruiting ESG experts proves challenging, underscoring the need for interdisciplinary talent development to drive sectoral progress. Currently, foreign talent is a temporary solution to bringing valuable experience and knowledge to governments and corporations. Their presence can play a guiding role in the establishment, development, and sustainability of Green FinTech ecosystems, effectively steering economies in the right direction. To overcome these challenges and strengthen the Green FinTech ecosystem, companies should instill authentic ESG awareness beyond compliance; regulatory bodies must also collaboratively work towards establishing a regional taxonomy, standards, and policies. And finally, governments should encourage public-private partnerships and ensure the comprehensive development of sustainable talent. Ms. Helene Li, CEO and Co-Founder of GoImpact, said, “It is very clear from the key findings in this second report that cross-sector collaboration and bridging the talent gap effectively will be crucial to advancing the Green Finance agenda. The frequency of extreme weather disasters are strong signals that we need to do more and do it faster, collectively.” Prof. Kalok Chan, Wei Lun Professor of Finance at CUHK Business School, said, “It is our great pleasure to collaborate with GoImpact once again. This research paper continues the research from last year and focuses on how five APEC jurisdictions tackle the challenges in the green fintech ecosystem and develop decarbonisation pathways that are applicable in each of their socio-economic contexts. As one of the leading business schools in Asia, we will also continue cultivating talents with a socially responsible mindset and equipping them with the skills and knowledge to contribute for the betterment of the Green Fintech industry.” Ms. Jennifer Tan, Executive Vice President, Strategy Development and Government Affairs, Greater Bay Area of Ant Group and Head of 10×1000 Tech for Inclusion, said, ” As a company with a long-standing commitment to developing green fintech technologies, Ant Group is proud to support this research for the second consecutive year. The exploration of green fintech not only carries academic significance but also furnishes valuable insights into addressing the common global challenges we currently confront. We hope that this independent research can offer constructive insights that will catalyze the global growth of green fintech.”  (Left to right) Dr. Edwin Mok, Lecturer of the Department of Finance and Director of the Quantitative Finance Programme at CUHK Business School and Ms. Helene Li, CEO and Co-Founder of GoImpact, present their second joint working paper “The Intersection of Green, Fin, and Tech: A Study across 5 APEC Economies”; and pose for a photo with Ms. Jennifer Tan, EVP, Strategy Development & Government Affairs, GBA of Ant Group, the corporate partner of the study. Please find below the link to the final report: About GoImpact Bridging the great divide between talk and action, accelerating the Sustainable Development agenda from intention to implementation – GoImpact means impact made easy and actionable. GoImpact is an ecosystem developed to connect the dots and provide action enablers built around 3 key pillars – GoLearn (education); GoNetwork (structured advocacy); GoInvest (deal flow platform for sustainable investments). Through its partners network with online-to-offline initiatives, GoImpact connects investors with deals relevant to their interests and provides learning opportunities to drive real change by example for everyone who is keen to understand more about the Sustainable Finance agenda. https://www.goimpact.today/ About CUHK Business School CUHK Business School comprises two schools – Accountancy, and Hotel and Tourism Management – and four departments – Decision Sciences and Managerial Economics, Finance, Management, and Marketing. Established in Hong Kong in 1963, it was the first business school to offer BBA, MBA and Executive MBA programmes in the region. Today, CUHK Business School offers 10 undergraduate programmes and 22 graduate programmes including MBA, EMBA, Master, MSc, MPhil, DBA and Ph.D. The School currently has over 4,600 undergraduate and postgraduate students from over 20 countries/regions. In the Financial Times Executive MBA Ranking 2023, CUHK EMBA was ranked 23rd in the world. CUHK Business School has the largest number of business alumni (over 40,000) among universities/business schools in Hong Kong – many of whom are key business leaders. https://www.bschool.cuhk.edu.hk About Ant Group Ant Group traces its roots back to Alipay, which was established in 2004 to create trust between online sellers and buyers. Over the years, Ant Group has grown to become one of the world’s leading open Internet platforms. Through technological innovation, we support our partners in providing inclusive, convenient digital life and digital financial services to consumers and SMEs. In addition, we have been introducing new technologies and products to support the digital transformation of industries and facilitate collaboration. Working together with global partners, we enable merchants and consumers to make and receive payments and remit around the world. https://www.antgroup.com The post From Crisis to Collaboration: Turning ‘Too Little Too Late’ into a Rallying Call for Green, Fin, and Tech to Unite and Ensure Sustainability appeared first on CUHK Business School. |
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