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CUHK MBA Blogs and Updates

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Official Business School Representative
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MSc in Finance Students Won the Best Speaker Award at the McGill Inter  [#permalink]

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New post 01 Feb 2019, 01:01
FROM CUHK: MSc in Finance Students Won the Best Speaker Award at the McGill International Portfolio Challenge (MIPC)
A team of MSc in Finance students representing CUHK Business School won the Best Speaker Award at the McGill International Portfolio Challenge (MIPC) finals in November 2018. They were one of 25 teams to reach the final round in the championship. Team members QIAO Qingyue, QIAN Yating, XU Jiaxin and YU Kun were recognized for their outstanding performance at the competition.

McGill International Portfolio Challenge (MIPC) is the world’s premier university buy-side finance challenge on portfolio construction and institutional investing. The best and brightest students from across the world entered to compete and the top 25 teams were invited to Montreal, Canada for the final round of the challenge in November 2018.

 

The post MSc in Finance Students Won the Best Speaker Award at the McGill International Portfolio Challenge (MIPC) 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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From Business to Government; From Actuarial Science to Anti-terrorism  [#permalink]

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New post 13 Feb 2019, 00:01
FROM CUHK: From Business to Government; From Actuarial Science to Anti-terrorism
He has never held a gun, investigated a crime or seen a terrorist. He majored in actuarial science but chose not to be an actuary. Although he started his career in the business world, life has led him to a path in civil service. Now he is the Assistant Secretary for Security, providing support on counter-terrorism. He is Percy Leung (BBA in Insurance, Financial and Actuarial Analysis 2006). He navigates the challenges in life with cautious optimism and by playing to his strengths.

Living University Life to the Fullest
Percy was accepted to CUHK through the Early Admissions Scheme. He chose to study actuarial science, a sought-after major, because mathematics was his strong suit. He believes that actuarial science and business are becoming more intertwined, and placing the actuarial science programme under CUHK Business School allows students to gain more exposure to the business world.

During his four years of university studies, Percy was dedicated to academic work and went on an exchange programme to the University of California, Berkeley in the US.  On the other hand, he also actively participated in extra-curricular activities, with a view to widening his horizons, expanding his professional network and strengthening his soft skills outside the classroom. He is grateful to Prof. Albert Wong, Director of the BBA Programme in IFAA, who has written him many reference letters and encouraged him to participate in various activities. These include the Future Leaders Training Programme organised by Ming Pao in which he joined students of other tertiary institutions for a study trip to Shanghai and participated in an exchange with local businesses.

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Percy (right) poses with Prof. Albert Wong, Director of BBA Programme in Insurance, Financial and Actuarial Analysis, on his graduation in 2006

From Business to Government: A Lesson on Perspective
Although Percy excelled in his university study, he was aware that actuarial work placed heavy emphasis on data analysis. The extrovert therefore decided to explore different career options after graduation and joined IBM Global Business Services as a business consultant. He worked on more than a dozen consulting projects during his three years at IBM. The exposure to clients from different sectors benefited him immensely down the road.

The 2008 Financial Crisis dealt a heavy blow to business consulting services. It prompted Percy to plan ahead. During the year he graduated, Percy had already thought of applying for the government civil service. Realising that the results of his recruitment examination were soon to expire, he gave it a go and was accepted. Percy enjoyed the frequent change of roles for administrative officers, satisfying his desire for new experiences. He has been with the government for nearly 10 years and counting.

In the business sector, profit maximisation is the priority. In the political world, the interests of different stakeholders must be considered. Percy admits that it took him some time to get used to the change and start looking at things from other perspectives. “When I worked at the Tourism Commission, I was responsible for assisting with the monitoring of Hong Kong Disneyland’s finances. Besides focusing on the actual revenue, I put myself in the shoes of the government, a majority shareholder, to consider the intangible economic benefits the theme park could generate.”

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Percy (centre) represents Hong Kong at the 19th IAVE World Volunteer Conference held in India

Striving for the Best to Live up to Great Responsibilities
Government policies have long-lasting ramifications, and these great responsibilities give meaning to Percy’s work. Take his experience at the Home Affairs Bureau for example: He assisted with making improvements to legal aid policies and took part in amending the law that helps divorcees pursue maintenance. After he was posted to the Housing Department, he assisted in the formulation of long-term housing strategy and was responsible for projecting housing demand in the long run. That role was more directly linked to the livelihood of the people. “Housing is one of the top priorities of the government. It gave me a strong sense of satisfaction to see the implementation of my achievements and its positive impact on society.”

Percy recalls representing the Housing Department to attend meetings with concern groups, where he listened to the hardships faced by people living in subdivided units. He has also visited these units and witnessed the inadequate living conditions of children living there. Every time the memory came to mind, he told himself he must work even harder, and that he could not afford to slack off.

Administrative officers are rotated to a new post every few years, which means they are always tackling new challenges. Percy deals with the constant transition with a cautiously optimistic attitude. To lighten his stress, he focuses on the good and reminds himself to do his best. For example, one of his duties in the Security Bureau is enhancing anti-terrorism laws to prevent terrorist financing at its source, thereby minimising the risk of attacks. He compensates for his lack of relevant experience in this area with extensive preparation and learns as he goes.

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Percy was one of the Hong Kong torchbearers during the Beijing Olympics in 2008

Inspiring the Next Generation by Volunteering and Mentoring
Percy has been a keen volunteer and has shown concern regarding social issues since secondary school. He has participated in two service learning programmes organised by Chung Chi College. One involved guiding local youths in the Superintendent’s Discretion Scheme to complete a life orientation programme. The second one was going to Seoul, South Korea to study policies such as medical subsidy for foreign workers and supporting services for children with cancer. In recognition of his passion for social service, he was named a Hong Kong Outstanding Youth Volunteer by the Social Welfare Department and represented Hong Kong in the 19th IAVE World Volunteer Conference held in India.

In addition, Percy has participated in the CUHK Business School Undergraduate Mentorship Programme and mentored around 20 students across the last decade. He often shares his experience of transitioning from business to government and offers interview advice to students interested in civil service. “I give them three tips: Number one, don’t assume civil servants get to finish work on time. I work overtime regularly. Number two, keep an open mind and be willing to take on any tasks you’re assigned. Number three, don’t bet on changing the world overnight. I had the same original intention, but it takes time to make a difference in your role.”

Percy was a torchbearer of the 2008 Beijing Olympics. He was selected after answering three different open calls. He often uses this experience to illustrate the age-old saying: nothing ventured, nothing gained!

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Percy (far right) and his fellow administrative officers attend a training programme at the University of Oxford in 2015

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Percy (far right) and his fellow administrative officers attend a training programme at the University of Oxford in 2015

The post From Business to Government; From Actuarial Science to Anti-terrorism 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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Making Waves of Innovation  [#permalink]

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New post 19 Feb 2019, 20:01
FROM CUHK: Making Waves of Innovation
The winter sun lit up the wall in the conference room, making the three words on the wall even more eye-catching: creativity, imagination, and inspiration. In front of this wall was seated the CEO of Cyberport, Mr. Peter Yan, whose career is as shiny as the day outside. He has worked in the IT industry for over 30 years, holding key positions in various large consultant companies and IT companies, including Accenture, Computers And Technologies Holdings Limited, and SUNeVision.

His firm handshake bespoke an energetic personality. No sooner had he taken the helm at Cyberport last April than he met with representatives from the banking, IT and multimedia industries to get a grasp of their difficulties, and match them with startups in Cyberport. He said, “Cyberport has a good foundation and equally good facilities, but improvements can still be made by incorporating smart living into its office buildings, hotels and cinemas. And the shopping mall will do better by adopting retail technology.”

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Talent is what Peter Yan values most in FinTech development

Cyberport is intent on expanding the following three application areas: FinTech, smart living, and e-sports entertainment. It also responds actively to global trends, including big data, blockchain technology, virtual banking, cybersecurity technology and regulatory technology. Mr. Yan said that Hong Kong enjoys an advantage in FinTech, since as a financial hub the territory has a sound legal system and professionals with international exposure. Many international financial corporations are willing to call Hong Kong home for these reasons.

Talent is what Mr. Yan values most. Hong Kong has a wealth of financial talent, and Cyberport, home to over one-third of all FinTech companies in Hong Kong, will focus on strengthening its capacities in areas like insurance and compliance technology. “The supervision of insurance and financial industries is getting more and more stringent. To effectively supervise each transaction and conduct checks on new insurance and financial products will increase the compliance cost, and therefore AI professionals are in high demand.”

Some traditional finance companies may not have a handle on the future trends of FinTech. Cyberport not only provides seed funding to startups, but also fosters ties between local and overseas institutions to encourage exchanges. Mr. Yan attaches much importance to training, and is always willing to share his views on human resources development with the Business Administration and Engineering Faculties of CUHK. Delighted to see CUHK launch a new undergraduate programme in FinTech, he believes that the programme will provide students with a good knowledge of the trends of the field. Cyberport will also offer internship opportunities, allowing the interns to widen their horizons.

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Besides digital games, e-sports is also about technology and industry chain (Courtesy of Cyberport)

Cyberport’s e-sports stadium, scheduled for completion in June, will come with arenas and several screens for live broadcast. Cyberport plans to host nearly 100 e-sports events annually, and hopes to give young people a better understanding of the technology and industry chain related to e-sports. Some people see e-sports as a form of addiction, but Mr. Yan begs to differ. “Young people grew up playing e-sports in one form or another, which should be seen as giving us an opportunity to get our younger generations to better understand the importance of self-management. This emergent industry also incubates startups and creates jobs in e-sports competitions hosting, event planning, facilities management, etc.”

He continued, “The Faculty of Business Administration was known for its solid academic training, and I didn’t hesitate to apply for admission to the BBA programme. I also liked computer science. When I took up a summer job in a computer company, my colleagues showed me how to put together a computer. I went to Apliu Street to shop for parts such as motherboards, and the satisfaction I got from piecing together a computer from scratch was really great!” His fascination for tech products has since been an integral part of his life.

Mr. Yan thinks that when he started out in the IT industry, the hardest part was not the long working hours, but the lack of a business model: each step forward could bring you either nearer to or farther away from your goal. “There was once a research claiming that it is impossible to do a 100-metre run within ten seconds. No one questioned that until someone succeeded in doing the ‘impossible’, and then other people would try to do even better. The crux is whether or not you have the courage to be the first record-breaker. Tech startup is similar in this respect: in the face of uncertainty, you have to hold your own and stick to your goal.”

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Peter Yan: “Hong Kong owes its success to those who are prepared to rise to the challenges of the times.”

A tech startup has a short life cycle, as new technologies keep emerging. Mr. Yan hopes that he and his colleagues together could create an open environment for the younger generations to learn new things, and give them the support they need. “When I was a CUHK student, I enjoyed taking general education courses. I took courses in astronomy, science, and Buddhism, and our teachers were first-rate scholars. There were active exchanges between students, and everyone was eager to learn. Now I frequently interact with young startup entrepreneurs, and we learn much from one another. Hong Kong owes its success to those who are prepared to rise to the challenges of the times.”

Reported by Jenny Lau, ISO

Photos by Eric Sin

This article first appeared in CUHK Website, republished with permission from Information Services Office, CUHK.

The post Making Waves of Innovation 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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Paradigm Shift in Alumni Engagement  [#permalink]

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New post 19 Feb 2019, 20:01
FROM CUHK: Paradigm Shift in Alumni Engagement
Mr. Anthony Yuen (1977 / NA / Personnel Management), one of the Ten Outstanding Young Persons in 1992, had a distinguished career in business and various public services before returning to CUHK to serve as member of Convocation and the University Council. He talks to the CUHK Newsletter about, among other things, his view on a new strategy for alumni engagement.

When and how did your active involvement in University affairs begin?
It all began with a long-distance call, when I was in Hangzhou in 2007, from a fellow alumnus of New Asia College who told me it’s time for me to render service for our alma mater. I have since been involved in various roles and capacities in the University, the Colleges and the Faculties.

How do you explain the tie between a university and its alumni?
Alumni naturally take an interest in the current development of their alma mater. No matter how long ago they graduated, they would be curious to know how the university is doing, take pride in its achievements and maybe continue to draw nourishment and inspiration from its trove of cutting-edge knowledge. They would also be interested in learning how their schoolmates are doing and reuniting with some of them.

Why is alumni relations important?
CUHK has over 200,000 alumni, scattered throughout the globe. Keeping them in touch with the University and with each other will help strengthen their ties to the University and raise the profile of the University which would in turn impact on our standing and further development.

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What’s the challenge of engaging CUHK alumni?
The challenge is how to engage all sectors of the alumni population with available resources. The goal should be to serve and network the greatest number of alumni on existing resources without sacrificing service to any sub-populations, particularly those in far-off places.

What is the new strategy you’re championing?
We have been relying on overseas visits to reach out to the alumni in the four corners of the world. It would be more cost-effective to do the reverse. While we will keep our reaching-out efforts, we may also consider organizing an international homecoming day on campus at regular intervals and invite the overseas alumni to come back. The day programme may consist of a lecture on a topic of interest by a reputable professor, followed by some sharing by alumni members and a networking activity. That would generate tremendous momentum for alumni engagement.

How do you see our alumni in mainland China?
CUHK has been offering academic programmes in the mainland for many years. With the recent graduates from our Shenzhen campus, the mainland alumni body will grow fast. And this is a young and distinguished alumni body, too. Such promising talent would be the dream of many universities. I’m very hopeful our mainland graduates will contribute to CUHK as a whole in many positive ways.

Any thought on the younger alumni strata?
Changing economic times and employment market have made it difficult for some alumni who graduated in the last decade or so. There has been discussion by the Convocation whether career development services can be extended to graduates in recent years. Maybe our student service units and the alumni associations can also lend a hand by disseminating career information to them or encouraging employers who are our alumni to look just inside the University gates.

Do we need an alumni house?
It would be ideal but land is always a scarce resource in Hong Kong. The Alumni Associations Centre opened last August in the John Fulton Centre on campus is the first step. Now we have a place we can call our own to hold meetings or simply meet up.

T.C.

This article was originally published in No. 532, Newsletter in February 2019.

The post Paradigm Shift in Alumni Engagement 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 Business School Hosts Spring Cocktail to Celebrate Year of the Pi  [#permalink]

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New post 04 Mar 2019, 21:01
FROM CUHK: CUHK Business School Hosts Spring Cocktail to Celebrate Year of the Pig
Prof. Kalok Chan, Dean of CUHK Business School, hosted the annual Business School Spring Cocktail on 27 February, 2019. Over 250 guests including university & faculty members, alumni and corporate partners attended the event.

During the evening ocassion, both Prof. Benjamin Wah, Provost of CUHK, and Prof. Chan addressed guests. The Provost provided an overarching picture of Hong Kong’s development over the past year, both with and as part of the Greater Bay Area (GBA) city cluster, recounting establishments including the CUHK Shenzhen Research Institute (SRI), as well as the InnoHub at the CUHK SRI. The University has also set out to offer new programmes to answer the demand for well-trained talents in AI, as well as established partnerships with ETH Zurich, Imperial College London and Johns Hopkins University to deepen ties on transdisciplinary medical robotics research.

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Prof. Chan updated guests about recent developments within the Business School, including the establishment of The Hong Kong-Shenzhen Finance Research Centre in a joint effort with SRI of CUHK-Shenzhen, and closer at home, the Centre for Business Sustainability in collaboration with Department of Government and Public Administration.

2018 marked a significant milestone for some programmes that celebrated the 20th anniversary of our School of Hotel and Tourism Management, as well as BSc in Quantitative Finance and MSc in IT Management programmes. In order to answer the growing demand for talent in a globalized economy, the Business School is also collaborating with IE Business School in Madrid to offer a dual-bachelor programme in the upcoming academic year.

2019 opened on a high note for CUHK Business School – having undergone the Continuous Improvement Review exercise by The AACSB Peer Review Team which ended with very positive comments on the School’s Continuous Improvement Review (CIR) for the 2014-18 review cycle.

The Dean closed by providing a preview of an alumni homecoming event this summer, an opportunity for Business School alumni from all corners of the world to visit Hong Kong and return to campus.

The post CUHK Business School Hosts Spring Cocktail to Celebrate Year of the Pig 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 Mourns the Passing of Distinguished Alumnus Mr. Tsang Shing-ngai   [#permalink]

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New post 11 Mar 2019, 08:01
FROM CUHK: CUHK Mourns the Passing of Distinguished Alumnus Mr. Tsang Shing-ngai Victor
Mr. Tsang graduated from the Faculty of Business Administration at CUHK. He worked for non-profit organisations for many years, making remarkable contributions to society. He was currently working in the United Nations Office in Kenya promoting environmental protection and sustainable development. Although he lived overseas for many years, he still cared about his alma mater’s affairs. He returned to Hong Kong as a guest lecturer for the University’s Global Studies Programme, and shared his views on sustainable development with students. He hoped to increase the level of concern for the environment and create a better future for the next generation. Mr. Tsang’s enthusiasm for promoting sustainable development was truly admirable.

Note: Mr. Tsang Shing-ngai Victor was a 2004 graduate of CUHK Business School’s Integrated Bachelor of Business Administration Programme. Please click here for Mr. Tsang’s biography.

This article was first published in the CUHK website.

The post CUHK Mourns the Passing of Distinguished Alumnus Mr. Tsang Shing-ngai Victor 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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MSc in Finance Students Won the Second Runner-up Award in the CFA Inst  [#permalink]

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New post 13 Mar 2019, 02:01
FROM CUHK: MSc in Finance Students Won the Second Runner-up Award in the CFA Institute Research Challenge 2018-19
A team of master’s students representing The Chinese University of Hong Kong (CUHK) Business School won the Second Runner-up Prize at the Hong Kong regional round of the CFA Institute Research Challenge 2018-19. The winning team members CHENG Meng, HU Qianqi, WANG Hanzi and ZHANG Chaoqing are all students from the full-time MSc in Finance programme. This prize is a recognition of their outstanding presentation and analytical skills throughout the Final Round.

CFA Institute Research Challenge is an annual competition aimed at university students testing their ability to conduct in-depth analysis of a listed company, with hands-on mentoring and intensive training in financial analysis delivered through the CFA Institute network. Students gain real-world experience as they assume the role of a research analyst and are assessed on their ability to value a stock, write an initiation-of-coverage report, and present their recommendations.

The post MSc in Finance Students Won the Second Runner-up Award in the CFA Institute Research Challenge 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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MSc in Finance Students Win the Second Runner-up Award in the CFA Inst  [#permalink]

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New post 17 Mar 2019, 21:01
FROM CUHK: MSc in Finance Students Win the Second Runner-up Award in the CFA Institute Research Challenge 2018-19
A team of master’s students representing The Chinese University of Hong Kong (CUHK) Business School won the Second Runner-up Prize at the Hong Kong regional round of the CFA Institute Research Challenge 2018-19. The winning team members Cheng Meng, Hu Qianqi, Wang Hanzi and Zhang Chaoqing are all students from the full-time MSc in Finance programme. This prize is a recognition of their outstanding presentation and analytical skills throughout the Final Round.

CFA Institute Research Challenge is an annual competition aimed at university students testing their ability to conduct in-depth analysis of a listed company, with hands-on mentoring and intensive training in financial analysis delivered through the CFA Institute network. Students gain real-world experience as they assume the role of a research analyst and are assessed on their ability to value a stock, write an initiation-of-coverage report, and present their recommendations.

The post MSc in Finance Students Win the Second Runner-up Award in the CFA Institute Research Challenge 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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Protected: PACC Students Sweep Away Two Prizes at the EY Young Tax Pro  [#permalink]

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New post 18 Mar 2019, 22:01
FROM CUHK: Protected: PACC Students Sweep Away Two Prizes at the EY Young Tax Professional of the Year
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The post Protected: PACC Students Sweep Away Two Prizes at the EY Young Tax Professional of the Year 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 Students Sweep Away Two Prizes at the EY Young Tax Professional o  [#permalink]

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New post 19 Mar 2019, 01:01
FROM CUHK: PACC Students Sweep Away Two Prizes at the EY Young Tax Professional of the Year
In the two-round Final Competition, 32 top performers selected from the semi-final competition competed for the title of Young Tax Professional of the Year 2019 (Hong Kong). They formed four teams for group presentation, and the best 8 students proceeded to the final round for an individual presentation. During the competition, they had to demonstrate to professional judges their technical and communication skills, as well as overall professional ability.

Three Professional Accountancy students, namely Song Jialin Garin (Year 3), Lam Chi-mong Augustine (Year 3) and Lo Tsz-yan Yanis (Year 4) were among the best 8 finalists. In the end, Garin and Augustine won the second and third prize respectively. They received not only cash awards but also 6-week paid internship or conditional offer of employment with EY Tax Department in Hong Kong. Garin will also represent Hong Kong at the national competition in Shanghai on 31 March.

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EY Young Tax Professional of the Year is an international competition designed to identify young talent with an interest in tax, help them enhance their professional skills and develop their careers. It gives participants the opportunity to share experiences with people from a range of backgrounds and cultures. By bringing together students from all over the world, the competition aims to demonstrate how much the tax profession has changed today and how business is managed in different cultures.

The post PACC Students Sweep Away Two Prizes at the EY Young Tax Professional of the Year 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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Please Help Raise Funds for Alumnus Mr. Victor Tsang Shing-ngai’s Fami  [#permalink]

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New post 20 Mar 2019, 21:01
FROM CUHK: Please Help Raise Funds for Alumnus Mr. Victor Tsang Shing-ngai’s Family
Aged just 37, Mr. Tsang was working for the United Nations Environment Programme (UNEP). On the day of the accident, he was on a scheduled flight from the Ethiopian capital Addis Ababa to Nairobi in Kenya to attend the UN Environment Assembly. Tragically, Mr. Tsang, who was killed alongside a number of his colleagues, leaves behind a wife and children.

Mr. Tsang had previously worked for World Vision and the United Nations World Food Programme, for the benefit of society. He then joined UNEP’s office in Kenya to actively promote environmental protection and women’s empowerment within the environmental sector. Although he had been living abroad for a long time, Mr. Tsang still supported his alma mater and became a guest lecturer on CUHK’s Global Studies Programme. In this capacity, he sought to pass on relevant skills and environmental awareness to students by sharing his thoughts on sustainability and building a better future for the next generation. Mr. Tsang’s enthusiasm for promoting sustainable development was truly admirable.

Mr. Tsang’s unexpected death has meant his beloved wife and young children have lost their main source of income. In light of these circumstances, the CUHK Business School BBA Alumni Association and CUHK Alumni Charity Foundation Limited have initiated a fundraising campaign upon the approval of Mr. Tsang’s bereaved family. It will help provide support for Mr. Tsang’s family during this difficult time and will finance the education of his children. We hope that all CUHK alumni and good Samaritans will support this fundraising campaign using the following methods:

1. Make a direct or online bank transfer to the CUHK Alumni Charity Foundation Limited’s bank account. Please send the copy of bank pay-in slip, specifying the purpose of the donation as being “In support of alumnus Victor Tsang Shing-ngai’s family”, as well as the donor’s name, mailing address, contact number and email address, to the following address by post or email.

Bank account details for accepting donations

Bank name: Bank of China (Hong Kong)

Bank account: CUHK Alumni Charity Foundation Limited (online transfer: CUHK Alumni Charity Foundation Limited)

HK dollars saving account no. 012-950-2-001538-7

Postal address for sending the pay-in slip

Undergraduate Office,

CUHK Business School

Level 4, Cheng Yu Tung Building,

12 Chak Cheung Street,

Shatin, N.T.

Hong Kong

Email address for sending the pay-in slip

info@cuhkacf.org (CUHK Alumni Charity Foundation Limited)

2. Send a crossed cheque payable to “CUHK Alumni Charity Foundation Limited”. Please specify the purpose of donation as being “In support of alumnus Victor Tsang Shing-ngai’s family” together with the donor’s name, mailing address, contact number and email address at the back of the cheque, and post it to the following address:

Undergraduate Office,

CUHK Business School

Level 4, Cheng Yu Tung Building,

12 Chak Cheung Street,

Shatin, N.T.

Hong Kong

This fundraising campaign has the full endorsement of the following CUHK staff:

Prof. Kalok Chan

Dean, CUHK Business School

Wei Lun Professor of Finance

Prof. Chi-yue Chiu

Dean, Faculty of Social Science

Choh-Ming Li Professor of Psychology

Prof. Michael Hui

Chairman, Department of Marketing

Choh-Ming Li Professor of Marketing

Prof. Andy Wong

Associate Dean (Undergraduate Studies), CUHK Business School

Associate Professor of Practice in Marketing

Dr. Fred Ku

Assistant Dean (Undergraduate Studies), CUHK Business School

Director, Integrated BBA Programme

Prof. Anthony Fung

Director, B.S.Sc in Global Studies Programme

Co-Director, Hong Kong Institute of Asia-Pacific Studies, CUHK

Prof. Simon Shen

Associate Director, Master of Social Science in Global Political Economy Programme

Adjunct Associate Professor, Faculty of Social Science

For enquiries regarding this fundraising campaign, please email info@cuhkacf.org (CUHK Alumni Charity Foundation Limited) or phone +852 3943 5434 (Alumni and Corporate Affairs Office, CUHK Business School) / +852 3943 1608 (Alumni Affairs Office, CUHK) / +852 3943 8899 (Communications and Public Relations Office, CUHK).

All donations will be published on the CUHK Alumni Charity Foundation Limited’s website (https://cuhkacf.org) in good faith. If you would like to donate anonymously, please notify us.

The CUHK Alumni Charity Foundation Limited is a platform for connecting CUHK people to support charity start-ups and social enterprise projects. It also supports CUHK alumni associations to raise funds for charitable purposes. Its role in this fundraising campaign is to accept donations, contact alumni organisations to appeal for donations, supervise the collection and use of donations, and report to the donors about the use of donations.

All donations will be sent to Mr. Tsang’s wife, without the deduction of any administrative fees.

Note: The CUHK Alumni Charity Foundation Limited is a charitable institution of a public character granted tax exemption under section 88 of the Inland Revenue Ordinance. Donors are eligible to claim tax deduction.

The post Please Help Raise Funds for Alumnus Mr. Victor Tsang Shing-ngai’s Family appeared first on CUHK Business School.
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GBS Students Come Second in the Social Innovation in Motion Competitio  [#permalink]

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New post 20 Mar 2019, 22:01
FROM CUHK: GBS Students Come Second in the Social Innovation in Motion Competition 2019
Four year-one Global Business Studies students including Joanne Chan, Kristy Lam, Millicent Wong and Oscar Sung participated in SIiM and came second under the fundraising category.

Our team competed in the fundraising category and was shortlisted as one of the 16 finalist teams to present at the Grand Final on 9 March 2019 to compete for the championship.

The GBS team’s idea was to create a sizeable participatory artwork and turn it into a photographic hotspot that could become a collective memory for Hong Kong people. They impressed the judges with their thorough market analysis and practical strategies. Our GBS team was awarded with the First Runner-up in recognition of their outstanding performance.

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The key takeaway from the competition was not just the award but also a memorable experience to unleash our students’ creativity, to learn from team members, as well as to make an effort to build a better community.

Organised by The Community Chest, Social Innovation in Motion Competition (SIiM) was a community project opened to all tertiary education students to take part in. The competition was categorised into Fundraising and Social Innovation. Participants were required to submit a proposal on a new fundraising campaign for The Community Chest and present their ideas in front of the judging panel.

The post GBS Students Come Second in the Social Innovation in Motion Competition 2019 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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Stay True to your Calling – Look Forward with Biopharmaceuticals  [#permalink]

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New post 26 Mar 2019, 04:01
FROM CUHK: Stay True to your Calling – Look Forward with Biopharmaceuticals
Chen considers himself lucky and takes pride in working in the health sector. With strong observation skills, solid execution and a sharp mind, he has helped his company develop a signature product called “Mouse Nerve Growth Factor for Injection(金路捷)”, which is based on a Nobel Prize in Physiology or Medicine-winning nerve growth factor. While the Initial Public Offering (IPO) plays a role in accelerating the growth of his company, he believes that the continuous development of better health products is far more crucial. Even with the success in his company’s IPO, his aspiration to improve human health through innovation has not wavered.

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The Long March to School
Chen is a Hubei native who majored in fine chemical engineering as an undergraduate and studied corporate and business management part-time at Tsinghua University and Wuhan University. He enrolled in the CUHK EMBA programme in 2016 and embarked on a monthly journey from Wuhan to Hong Kong, which are some 900 km apart. Each one-way train ride took almost a full day. Thankfully, the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link that opened in 2018 has shortened his ride to 4.5 hour each way.

Despite the long journeys, it did not stop Chen from choosing to study in Hong Kong because he valued the international academic atmosphere, the history as well as the cultural heritage of CUHK. For instance, New Asia College founder Ch’ien Mu(錢穆)had strong ties with mainland education, and the now defunct Yenching University(燕京大學)was the predecessor of Chung Chi College. He found these connections relatable. Besides gaining professional knowledge, he looked forward to opening his mind and broadening his horizons with the experience.

Chen appreciated the lively classroom culture and ideal learning environment of CUHK and considered those two years well spent. In addition to the friendship with his classmates, he also benefited from business theories and knowledge such as financial planning and business negotiation skills. The content was useful in helping him organise his years of business wisdom in a systematic manner.

As long as I keep pressing on, any hardship eventually comes to an end. —— Chen Ya

Innovation for Creating a Brighter Future
Chen started out his career in chemical engineering, and later caught eye of the growing momentum of the biopharmaceutical industry. In 2000, he seized the opportunity to establish Wuhan Hiteck Biological Pharma Company Ltd. with several other shareholders and become its President and General Manager.

To the global pharmaceutical industry, traditional chemical pharmaceuticals have been its core business with the largest sales volume, whereas biopharmaceuticals are the emerging business with the fastest growth rate. Biopharmaceuticals, such as vaccines, are drugs that are manufactured using bioengineering, with much more complex structures compared to chemical pharmaceuticals. Biotechnology has been advancing in an astonishing rate in recent years, renewing hopes for people battling tumours and other chronic diseases. Immunotherapy, developed by two 2018 Nobel Laureates in Medicine or Physiology, is a notable example.

Chen believes that the future depends on innovation, which is also the guiding principle for his business. His company puts a huge emphasis on R&D and strives to become a world-class pharmaceutical company for nervous system disease treatments. After almost two decades, Hiteck has evolved into an innovative business with an annual turnover of RMB 770 million yuan. It possesses a GMP-accredited factory plant with a total floor area of more than 10,000 square meters and offers more than 20 bestselling products. Its signature product “Mouse Nerve Growth Factor for Injection” is the first government-approved medication for neuronal damage-related disease in the global market.

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Staying True to your Calling
Under Chen’s leadership, Hiteck was successfully listed on the Shenzhen Stock Exchange in 2017. He is grateful for the support from his friends, colleagues, business partners and clients, and thanks CUHK for the knowledge that has empowered him to guide the company to this point in time. Collaboration with CUHK on medical research is something that he looks forward to down the road.

Taking his company to IPO has been a daily reminder that he must stay true to his calling especially when facing challenges. “We’re still the same company doing what we set out to do. We won’t over-expand just because we’re now listed on the stock exchange. In the meantime, we need to gradually better our corporate governance, talent retention, and development and planning. We can’t abuse these valuable resources obtained through the IPO.”

Looking ahead, Chen reveals that the company will invest more in R&D. Chen explains that for chemical pharmaceuticals, besides keeping the manufacturing procedures in its own factory and closely controlling the quality of raw materials, it will turn its focus to small molecule drugs in hopes to improve existing drugs. In terms of biopharmaceuticals, Hiteck will conduct more research on diagnostic reagents in order to offer more accurate information on drugs. In addition to all of that, the company has established a pilot site in Zhuhai to gear up for opportunities presented by the Guangdong-Hong Kong-Macau Greater Bay Area development.

Only when we treat life with reverence do we value product quality; only when we innovate with boldness can we keep surpassing ourselves! —— Chen Ya

A Company with a “soul”
Pharmaceutical manufacturing is a matter of life and death. At the same time publicly listed companies also have a responsibility to maximise its returns for shareholders. How does one strike a balance between social responsibility and company interest? Chen thinks the two are not necessarily mutually exclusive. “Pharmaceutical manufacturing is an industry that strives to alleviate living creatures from their suffering. It isn’t a pure commercial act. When a pharmaceutical company grows its business, it must also stand by its moral principles and uphold its social responsibility, which is protecting public health. I believe that the more a company values social responsibility, the more its business grows.”

Chen humbly admits that he is a man of few talents except perseverance – he is not someone who gives up easily. This quality came into full play when he participated in the 12th School of Business – Xuanzang Road Gobi Challenge in 2017(玄奘之路第十二屆商學院戈壁挑戰賽). “The race was excruciating, but I’ve learnt that as long as I keep pressing on, any hardship eventually comes to an end.”

Although the IPO has been a success, Chen thinks that the company is still far from being a model corporation. There are still more targets he wants to reach. He hopes to instil a “soul” into the company by building a culture that “treats life with reverence and innovates without inhibition”. He explains, “Only when we treat life with reverence can we value product quality; only when we innovate with boldness can we keep surpassing ourselves!”

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The post Stay True to your Calling – Look Forward with Biopharmaceuticals 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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GMAT Club Bot
Stay True to your Calling – Look Forward with Biopharmaceuticals   [#permalink] 26 Mar 2019, 04:01

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