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03 May 2019, 02:01
| FROM CUHK: CUHK Business School and Contrendian Co-host the Inaugural Trading Cup Final |
13 teams of 49 CUHK undergraduate and postgraduate students joined the three-round competition held at the Finance Trading Laboratory. In each round, a FTS trading case that involves futures and forward contracts, options, or currencies was used. Participants had to maximise their profits through buying and selling of the financial securities provided. In the end, the three teams with the highest average profits made were:
   Throughout the competition, the co-founders of Contrendian, Mr. Walter Cheung and Mr. Frank Ho, served as consultants to the participants on the development of trading strategies. They shared: “One of the best ways to assess how much a student has truly learned in the classroom is to apply it in a competitive environment. A trading competition fits such a purpose. Participants performed well under pressure. The winning teams went further to develop sound trading strategies. Well done!” Prof. Seen-Meng Chew, Associate Professor of Practice in Finance of Department of Finance at CUHK Business School remarked, “Through a variety of trading cases, students were given the opportunity to apply the theories they learnt from their finance classes into practical use. Some students were innovative and developed trading strategies using Excel. We hope through such a competition, our business school is able to help bridge the gap between academic knowledge and business practices in the real world. Overall, it was a great learning exercise for everyone involved, including the organising committee. We wish all participants every success in their future career in finance!”  The post CUHK Business School and Contrendian Co-host the Inaugural Trading Cup Final appeared first on CUHK Business School. |
03 May 2019, 04:01
| FROM CUHK: CUHK Business School and Contrendian Co-host the Inaugural Trading Competition Final |
13 teams of 49 CUHK undergraduate and postgraduate students joined the three-round competition held at the Finance Trading Laboratory. In each round, a FTS trading case that involves futures and forward contracts, options, or currencies was used. Participants had to maximise their profits through buying and selling of the financial securities provided in the case. At last, the three teams with the highest average rank in all rounds were:
Throughout the competition, the co-founders of Contrendian, Mr. Walter Cheung and Mr. Frank Ho, served as consultants to the participants on the development of trading strategies. They shared: “One of the best ways to assess how much a student has truly learned in the classroom is to apply it in a competitive environment. A trading competition fits such a purpose. Participants performed well under pressure. The winning teams went further to develop sound trading strategies. Well done!” Prof. Seen-Meng Chew, Associate Professor of Practice in Finance of Department of Finance at CUHK Business School remarked, “Through a variety of trading cases, students were given the opportunity to apply the theories they learnt from their finance classes into practical use. Some students were innovative and developed trading strategies using Excel. We hope through such a competition, our business school is able to help bridge the gap between academic knowledge and business practices in the real world. Overall, it was a great learning experience for everyone involved, including the organising committee. We wish all participants every success in their future career in finance!” The post CUHK Business School and Contrendian Co-host the Inaugural Trading Competition Final appeared first on CUHK Business School. |
06 May 2019, 04:01
| FROM CUHK: A Bit Like Coins, A Lot Unlike Coins |
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While the 2008 financial crisis shook the global economy, a reclusive cryptographer going by the pseudonym Satoshi Nakamoto invented bitcoin. Dissatisfied with the conventional financial system, he created this electronic version of cash that allows people to transact without interference from banks and governments. The idea took off. In the last few years, cryptocurrency has been making headlines, with thousands of kinds of digital coins attracting attention from speculators. Bitcoin, the first and still the most popular cryptocurrency, saw its price rise from US$900 in December 2016 to almost $20,000 a year later, before falling back to about $5,000 in April 2019. Is cryptocurrency the future of money, or just a risky bet? Associate Professor of Practice in Finance Chew Seen-meng weighs in. Chips off the Block Blockchain is the underlying technology of cryptocurrencies. While one may need a computer science degree to fully understand its workings, Professor Chew offered a simple analogy to it: “Just think of blockchain as an advanced database management system, like a giant Excel spreadsheet, which can manage, record and encrypt all transaction data efficiently and securely.” In other words, cryptocurrency like bitcoin uses the blockchain technology as its transaction ledger. Instead of having a trusted central authority, e.g., a central bank, that keeps track of financial transactions, the blockchain technology uses cryptography to remove the middleman and achieve peer-to-peer transactions. This is particularly useful in financial areas that require fast, accurate and secure records. In trade finance, for example, blockchain can simplify complex documentation and reduce the number of parties involved in cross-border selling and buying, streamlining payment processes and lowering transaction costs. Blockchain technology is also immutable and verifiable. Transactions become permanent record and cannot be altered once written. Every record can be viewed by any participant, allowing everyone to verify the authenticity of each transaction. By inhibiting data tampering, the system facilitates audit processes and enhances the security of transactions. The Other Sides of the Coin Although the design of cryptocurrency is safe by default, drawbacks remain. Like gold, many cryptocurrencies are in limited supply. For bitcoin, the supply is capped at 21 million units, which can be problematic for the monetary system. “Money demand expands in tandem with economic growth, but if money supply is fixed, interest rates could be driven too high, resulting in structural deflation, similar to the gold standard,” explained Professor Chew. The anonymous nature of cryptocurrency transactions is another concern. The ability to conceal the origin and destination of fund transfers makes cryptocurrencies highly attractive for money launderers and terrorists to use for illegal transactions. Similarly, since users’ identities need not be disclosed in these virtual transactions, people could use them to make cross-border payments for the purpose of evading taxes. Expert Advice In the course ‘Current Developments in FinTech’ he teaches at the Faculty of Business Administration, Professor Chew, who was an economist at J.P. Morgan and International Monetary Fund, uses case studies to show his students how cryptocurrency and blockchain have been used by companies to do business. He also shows them economic models that have been developed to predict the elusive value of bitcoin. However, splashing out on the volatile e-currency is not something he encourages. “At this point it is still a highly speculative kind of investment, a playground for the rich. To ordinary people, I would say don’t burn away your savings investing in cryptocurrency unless you have a full understanding of what it is and what you are getting into.” “Having said that, it’s good to learn about bitcoin, even if you are not going to invest in it, because digital currency could become an important part of our lives in 10 or 20 years’ time if the blockchain technology becomes more mature and gains a much wider user adoption,” said Professor Chew. Cryptocurrency is still in its infancy. Time will show whether it will cause a revolution in the financial system or turn out to be just another speculative mania like the dot-com bubble. The only thing we can tell for sure is that our reality will never be the same again. By Christine N. This article was originally published in No. 537, Newsletter in May 2019. The post A Bit Like Coins, A Lot Unlike Coins appeared first on CUHK Business School. |
15 May 2019, 02:01
| FROM CUHK: CUHK Business School Co-hosts the ABFER, CEPR and CUHK First Annual Symposium on Financial Economics |
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Comprising four discussion sessions per day, the symposium focused on corporate finance, banks and credit, bond pricing, trading and investor attention, finance, climate and wealth distribution, asset pricing and fintech. Chaired by a senior faculty member, each session invited one to three faculty members and one discussant to lead the interflow of ideas. On the second day, in addition to the discussion sessions, Wei Xiong, Mary Trumbull Adams Professor in Finance and Professor of Economics in the Department of Economics and Bendheim Center for Finance at Princeton University, Academic Dean of the School of Management and Economics and Dean of the Shenzhen Finance Institute at CUHK-Shenzhen was invited to deliver a keynote speech on “A Dynamic Model of Cryptocurrencies”. The two-day symposium gathered 70 faculty members from renowned universities worldwide – including Australia, Canada, China, Denmark, Finland, Hong Kong, India, Japan, Korea, Luxembourg, the Netherlands, Singapore, UK and US – to share their insights with the participants.   The post CUHK Business School Co-hosts the ABFER, CEPR and CUHK First Annual Symposium on Financial Economics appeared first on CUHK Business School. |
15 May 2019, 03:01
| FROM CUHK: CUHK Researchers Named the World’s Most Prolific and Widely Cited Contributors to Tier 1 Accounting and Finance Journals on the Chinese Capital Market |
The Chinese University of Hong Kong (CUHK) Business School researchers have been working hard on contributing their knowledge to the business community through publishing research papers in various internationally renowned academic journals. Their work has greatly enhanced our understanding of the Chinese capital market and complemented the knowledge of financial systems in other institutional environments. Prof. Donghui Wu, Professor of School of Accountancy and Director of Centre for Institutions and Governance at CUHK Business School Two professors from School of Accountancy – Donghui Wu and Tianyu Zhang – were named by the international accounting academic journal Abacus as the second most prolific researchers in the world, each with six research papers* on the Chinese capital market published in well-respected Tier 1 journals in the past two decades (1999-2018). Prof. Zhang’s and Prof. Wu’s research papers were published in Tier 1 accounting and finance journals including Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research and Journal of Financial Economics. Their papers received 2,493 and 1,028 citation counts respectively.  Prof. Tianyu Zhang, Professor of School of Accountancy at CUHK Business School In addition, T.J. Wong, former Dean of CUHK Business School (2009-2014) and Choh-Ming Li Professor of Accountancy at CUHK (currently Joseph A. DeBell Professor of Business Administration and Professor of Accounting at University of Southern California Marshall School of Business), was topped in terms of frequency of contribution in Tier 1 journals with nine papers published. According to the findings from Google Scholar updated as of September 2018, the world’s second most widely cited paper based on total citation counts is the Journal of Financial Economics (JFE) paper entitled “Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China’s Newly Partially Privatized Firms”. The paper was co-authored by Joseph Fan, Professor of School of Accountancy and Department of Finance at CUHK Business School, Prof. Zhang and Prof. T.J. Wong. It received 1,937 citation counts (176.09 counts per annum) since its publication in JFE in 2007.  Prof. Joseph Fan, Professor of School of Accountancy and Department of Finance at CUHK Business School Other top 30 cited accounting and finance papers included the one entitled “Information Asymmetry and Asset Prices: Evidence from the China Foreign Share Discount”. The paper was published in the Journal of Finance which was co-authored by Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance at CUHK. Published by the University of Sydney Business School’s Accounting Foundation, Abacus is the world’s fourth oldest international accounting academic journal. In the December 2018 issue of Abacus, the research paper entitled “Twenty Years of Accounting and Finance Research on the Chinese Capital Market” was published. It reviewed scholarly accounting and finance research pertaining to the Chinese capital market in Mainland China published in Tier 1 and Asia-Pacific regional journals during the 1999-2018 period. The review was based along four dimensions: top-cited articles, main research fields, frequently contributing d emerging research trends.  Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance at CUHK *The Full List of Research Papers Published in Tier 1 Accounting and Finance Journals (1999-2018): Prof. Donghui Wu
The post CUHK Researchers Named the World’s Most Prolific and Widely Cited Contributors to Tier 1 Accounting and Finance Journals on the Chinese Capital Market appeared first on CUHK Business School. |
15 May 2019, 21:01
| FROM CUHK: CUHK Researchers Named Among the World’s Most Prolific and Widely Cited Contributors to Tier 1 Journals on the Chinese Capital Market |
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The Chinese University of Hong Kong (CUHK) Business School is known globally for its insightful, comprehensive research in various areas pertaining to finance and industry. The work of some of our researchers has greatly enhanced our understanding of the Chinese capital market and complemented the knowledge of financial systems in other institutional environments. Prof. Donghui Wu, Professor of School of Accountancy and Director of Centre for Institutions and Governance at CUHK Business School Two professors from School of Accountancy – Donghui Wu and Tianyu Zhang – were named by the international accounting academic journal Abacus as the second most prolific researchers in the world, each with six research papers* on the Chinese capital market published in well-respected Tier 1 journals in the past two decades (1999-2018). Prof. Zhang’s and Prof. Wu’s research papers were published in Tier 1 accounting and finance journals including Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research and Journal of Financial Economics. Their papers received 2,493 and 1,028 citation counts respectively. Prof. Tianyu Zhang, Professor of School of Accountancy at CUHK Business School In addition, Prof. T.J. Wong, former Dean of CUHK Business School (2009-2014) and Choh-Ming Li Professor of Accountancy at CUHK (currently Joseph A. DeBell Professor of Business Administration and Professor of Accounting at University of Southern California Marshall School of Business), came in first place in terms of frequency of contribution in Tier 1 journals with nine papers published.  Prof. T.J. Wong, former Dean of CUHK Business School (2009-2014) and Choh-Ming Li Professor of Accountancy at CUHK (currently Joseph A. DeBell Professor of Business Administration and Professor of Accounting at University of Southern California Marshall School of Business) According to the findings from Google Scholar updated as of September 2018, the world’s second most widely cited paper based on total citation counts is the Journal of Financial Economics (JFE) paper entitled “Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China’s Newly Partially Privatized Firms”. The paper was co-authored by Joseph Fan, Professor of School of Accountancy and Department of Finance at CUHK Business School, Prof. Tianyu Zhang and Prof. T.J. Wong. It received 1,937 citation counts (176.09 counts per annum) since its publication in JFE in 2007. Prof. Joseph Fan, Professor of School of Accountancy and Department of Finance at CUHK Business School Other top 30 cited accounting and finance papers include one titled “Information Asymmetry and Asset Prices: Evidence from the China Foreign Share Discount”. The paper was published in the Journal of Finance which was co-authored by Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance at CUHK. Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance at CUHK Published by the University of Sydney Business School’s Accounting Foundation, Abacus is the world’s fourth oldest international accounting academic journal. In the December 2018 issue of Abacus, the research paper entitled “Twenty Years of Accounting and Finance Research on the Chinese Capital Market” was published. It reviewed scholarly accounting and finance research pertaining to the Chinese capital market in Mainland China published in Tier 1 and Asia-Pacific regional journals from 1999-2018. The review was based on four dimensions: top-cited articles, main research fields, frequently contributing and emerging research trends. *The Full List of Research Papers Published in Tier 1 Accounting and Finance Journals (1999-2018): Prof. Donghui Wu
The post CUHK Researchers Named Among the World’s Most Prolific and Widely Cited Contributors to Tier 1 Journals on the Chinese Capital Market appeared first on CUHK Business School. |
16 May 2019, 00:01
| FROM CUHK: A Quantitative Finance Student Shines at the ICPC World Finals 2019 |
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Three students from the Chinese University of Hong Kong (CUHK) Computer Science and Engineering (CSE) Programming Team won the 12th place and brought home the bronze medal at the 43rd Annual World Finals of the International Collegiate Programming Contest (ICPC) in Proto, Portugal on 4 April 2019. This is one of the best results in this worldly-renowned contest achieved by a Hong Kong institution to date. Alex Poon (Quantitative Finance Year 5) from CUHK Business School teamed up with two Year 4 students – Anson Ho, a Mathematics major and Jason Yik, a Computer Science major, to represent CUHK to compete against 135 teams from top universities from around the world at the World Finals. The team of three went through multiple levels of local and regional competitions before making it into the final round at the University of Porto in Portugal. At the finals, each team was given 11 complex, real-world problems to solve with a single computer within a gruelling five-hour deadline. Teams had to collaborate and race against the clock in a battle of logic, strategy and mental endurance. At the end, the CUHK team managed to solve seven questions within the limited timeframe, defeating teams from other top-tier universities such as Stanford, Harvard, Cambridge, Tsinghua, and Peking University, taking home the bronze medal.    ”This is our second time participating in such a contest and we are overjoyed to receive such an accolade,” said Alex Poon, the only business student in the team. “In order to prepare for the contest, we dedicated numerous hours to train and familiarise ourselves with the mock-up questions after school. Through the practice, we managed to build up better problem-solving techniques and understand each other’s programming behaviours better. Team work is definitely one of the most crucial factors that led us to success.” Despite being a business student, programming has never been a stranger to Alex. Alex had been passionate about programming since his high school days and has participated in a number of programming competitions. He commented that studying Quantitative Finance also requires excellent problem-solving skills and a strong analytical sense that tied well with his calibre in programming. Established in 1970, The International Collegiate Programming Contest (ICPC) is the premiere global programming competition conducted by and for the world’s universities. The ICPC is affiliated with the ICPC Foundation and is headquartered at Baylor University. For over four decades, the ICPC has grown to be a game-changing global competitive educational programme that has raised aspirations and performance of generations of the world’s problem solvers in the computing sciences and engineering. The post A Quantitative Finance Student Shines at the ICPC World Finals 2019 appeared first on CUHK Business School. |
17 May 2019, 06:01
| FROM CUHK: The Dialogue with Women CEOs and Mentorship Programme Concludes Successfully |
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The Chinese University of Hong Kong (CUHK) Business School announced the successful completion of the Dialogue with Women CEOs and Mentorship Programme 2018-19. Launched in September last year, the initiative was introduced in partnership with an informal group established by women chief executives from the financial services industry in Hong Kong. At the closing ceremony held today, three women chief executives from the informal group, namely Ms. Amy Lo, Country Head and Chief Executive of UBS Hong Kong Branch; Ms. Angel Ng, Chief Executive Officer, Citi Hong Kong and Macau; and Ms. Winnie Wong, Chief Executive Officer, Asia Insurance Company Limited took part in a panel discussion titled, “Nurturing the Next Generation of Leaders”.  From left to right: Prof. Andy Wong, Associate Dean (Undergraduate Studies) and Associate Professor of Practice in Marketing, CUHK Business School (moderator); Ms. Amy Lo, Country Head and Chief Executive, Hong Kong, UBS AG; Ms. Winnie Wong, Chief Executive Officer, Asia Insurance Co., Ltd.; and Ms. Angel Ng, Chief Executive Officer, Citi Hong Kong and Macau The three panelists agreed that the importance of talent diversity will continue to grow in the financial services industry. Some of the top attributes and skills that employers look for in candidates nowadays include versatility, persistency, analytical thinking, and interpersonal skills. On how schools can better prepare students for the future, the panel suggested language and presentation skills training; providing students with opportunities to gain early exposure to the commercial world, and design projects with experiential learning activities. During the event attended by principals, career masters, and teachers from more than 90 of the invited local secondary schools, two groups of students from Caritas Fanling Chan Chun Ha Secondary School and Wa Ying College, alongside their mentors from Standard Chartered, shared with the audience their aspirations and experiences from the Programme.  Mr. James Henry Lau Jr, JP, Secretary for Financial Services and the Treasury, HKSAR Government The Dialogue with Women CEOs series, consisting of five dialogue events, was launched with the aim of empowering the next generation through exchange of views on business and social issues. Hosted between September 2018 and May 2019, each event featured a panel of three female CEOs who discussed wide-ranging topics including leadership, soft skills, career development, diversity and inclusion. Since its inauguration, more than 600 secondary school students, teachers and principals, as well as female chief executives and professionals from 13 financial institutions have participated in the dialogue series. “We are pleased that both CUHK and the women chief executives involved share a strong commitment and enthusiasm in nurturing and influencing the next generation for the financial services industry. The Programme has established a platform for the financial services sector and secondary schools to interact with each other through which students, teachers and principals can keep abreast of the latest market trends,” said Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance at CUHK. “My heartfelt gratitude goes to all the women chief executives and mentors from the participating firms for their hard work and tremendous effort in sharing up-to-date industry knowledge and career advice with students. We look forward to continuing the shared mission of grooming future business leaders through our partnership with the Women Chief Executives group.” Ivy Au Yeung, CEO Hong Kong, ANZ and the convener of the group of Women Chief Executives said, “The Women Chief Executives group aspires to increase female participation at all levels in financial services through awareness, education and enablement. We are pleased to partner with CUHK to engage hundreds of secondary school students through the Programme, providing them with access to the financial industry in Hong Kong and inspiring them with real-life experience from senior female leaders. It was great to get principals, career masters and teachers involved to help continue the dialogues with the younger generations. We look forward to supporting more initiatives to engage and inspire the current and next generations of future women leaders.” The Mentorship Programme paired executives from participating firms with secondary school students in groups of four to six. Around 40 CUHK Business School students acted as group leaders, complementing the conversations and exchange of ideas that took place in each Dialogue. More than 200 students from the invited schools and over 80 mentor volunteers of the participating firms leveraged the Programme as a platform to drive awareness of diversity and inclusion, as well as to inspire secondary school students as they start planning their academic goals and career choices. In the surveys conducted among the participating secondary students after the 2nd, 3rd and 4th dialogue events, 90 percent said they would recommend their fellow schoolmates to join similar events in the future; and 65 percent indicated that they would like to know more about the female chief executives’ success stories. In addition, 48 percent of the students indicated that they would like to explore their suitability for business studies in the future. In 2016, a group of female leaders in financial services came together to volunteer their time to promote gender diversity and develop female talent in the industry. The Women Chief Executives group is supported by 15 leading local and international financial services institutions, including: ANZ, Asia Insurance, Bank of China, Bank of Montreal, BNP Paribas, BNY Mellon, Citi, HSBC, ICBC (Asia), Mastercard, Rabobank, Standard Chartered, UBS, UOB, and Visa.  From left to right: Prof. Catherine Yeung, Associate Professor, Department of Marketing, CUHK Business School; Prof. Andy Wong, Associate Dean (Undergraduate Studies) and Associate Professor of Practice in Marketing, CUHK Business School; Ms. Helena Chen, Managing Director, Hong Kong and Macau, Mastercard; Ms. Winnie Wong, Chief Executive Officer, Asia Insurance Co., Ltd.; Ms. Amy Lo, Country Head and Chief Executive, Hong Kong, UBS AG; Mr. James Henry Lau Jr, JP, Secretary for Financial Services and the Treasury , HKSAR Government; Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance; Ms. Ivy Au Yeung, CEO Hong Kong, ANZ; Mrs. Ann Kung, Deputy Chief Executive Officer, Bank of China (Hong Kong) Limited; Ms. Angel Ng, Chief Executive Officer, Citi Hong Kong and Macau; Ms. Monique Chan, Chief Executive Officer, Private Bank Asia, BMO Private Bank; and Ms. Christine Ip, Managing Director and Chief Executive Officer (Greater China), United Overseas Bank Limited The post The Dialogue with Women CEOs and Mentorship Programme Concludes Successfully appeared first on CUHK Business School. |
03 Jun 2019, 22:01
| FROM CUHK: Commemorating Prof. Woody Wu |
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Prof. Wu joined CUHK Business School in 1995. He actively promoted the academic development of the University, and was the inaugural Co-director of the Executive Master of Professional Accountancy (EMPAcc) Programme. Prior to joining CUHK, he taught at the School of Business at Ramapo College of New Jersey, Stern School of Business at New York University, Bernard Baruch College at City University of New York, and School of Business and Management at the Hong Kong University of Science and Technology. Prof. Wu was a prolific researcher with various papers published in well-respected Tier 1 accounting journals, including the Journal of Accounting Research, Contemporary Accounting Research and Review of Accounting Studies and Auditing: A Journal of Practice & Theory. His major research areas included banks, financial institutions and instruments, board of directors and corporate governance, business strategy and valuation analysis and the Chinese capital market and stock market. Among Prof. Wu’s widely cited papers in Tier 1 journals, including the ones titled “Ultimate Ownership, Income Management, and Extra-Legal Institutions” and “Market Consequences of Earnings Management in Response to Security Regulations in China”, were the pioneering papers in the world examining unanswered questions and reporting new research findings on the Chinese capital market. Prof. Wu was a prominent scholar in accounting. His devotion to education and research earned him profound respect among his peers, colleagues and students. We are deeply saddened by the loss of a brilliant and honoured teacher and researcher. The School conveys its heartfelt condolences to the family of Prof. Wu.  The post Commemorating Prof. Woody Wu appeared first on CUHK Business School. |
04 Jun 2019, 04:01
| FROM CUHK: On The Fast Track To Success |
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“There are no traffic jams along the extra mile.” This warrior’s cry is a mantra that Nicholas Poon lives by every day and it is easy to see why. The achievements just keep accumulating for Nicholas, who is part of the Hong Kong Athletics Team, as well as the Hong Kong Rugby Union Podium Programme. Aside from his athletic prowess, Nicholas has also demonstrated his academic chops by being admitted to the Chinese University of Hong Kong (CUHK) Business School via the Joint University Programmes Admissions System (JUPAS) School Principal’s Nominations, which is no mean feat. When you meet Nicholas, you know that this determined young man means business. “No one will tell you what to do to get better and how to improve. You have to be self-motivated and put in your hard work. No one can stop you from improving.” —— Nicholas Poon Being well-rounded is essential for business We often think of academics as studying hard, but all around excellence is what builds the character to triumph through adversity and remember that putting in the effort is what counts. “No one will tell you what to do to get better and how to improve. You have to be self-motivated and put in your hard work. No one can stop you from improving,” says Nicholas. Nicholas knows first-hand about the struggles that can occur in life. Whatever we experience, there will always be the good and the bad. Nicholas has worked hard and found himself with offers from institutions of varying specialisations. It was a tough choice between CUHK Business School and the Hong Kong Sports Institute, but you get the feeling Nicholas’ infectious personality and inquisitive nature would eventually lead him to business studies. He chose to study at CUHK as he finds business: “fun and dynamic, and you have to be very aggressive to get the knowledge of what is going on around you.” Another consideration was CUHK’s academic rankings which are among the world’s best, particularly in business studies.  Nicholas (5th from left) was presented with a certificate on stage at 2018 Outstanding Students Awards Presentation Ceremony. A bubbly and enthusiastic person, it is little wonder that marketing and international management are of particular interest to Nicholas. He has already worked as a summer intern in Baidu, conducting search volume data analytics for provincial markets in mainland China and designed search engine keyword packages for Search Engine Marketing (SEM) advertising campaigns. Doesn’t sound like something an athlete would do, does it? Aside from technicalities, Nicholas also has an entrepreneurial streak. A wonderful memory for Nicholas was his participation in start-up competition “Jumpstarter IdeaPOP 2018” which aims to nurture a pool of business elite with an entrepreneurial mindset. Nicholas and his team of CUHK classmates pitched a solution to check the legitimacy of sneakers being resold on the C2C market. With sneaker values reaching up to thousands of US dollars per pair, and resell a common activity in mainland China, the team proposed a platform for trading and verification, with Nicholas calling it “an experiential learning journey I will remember for life.” Sports offers the skills needed to succeed Nicholas was honoured with an Outstanding Student Award 2018 from CUHK in recognition of outstanding achievement in sports. Nominated by an instructor in the Physical Education unit and Chung Chi College at CUHK, he calls the award “an honour and accomplishment, especially as I was with several Olympians, who are always a motivation for me to achieve more.”  In both sports and academia, determination, discipline and resilience are some of the key attributes of success. Whether it is rugby or running the 100 and 200 metres in athletics, Nicholas has harnessed the trials of life and turned them into the pursuit of excellence. Rugby training started at the age of six after his father enrolled him in DeA Tigers Rugby Football Club (now USRC Tigers Rugby Football Club), while he began to get into sprinting in Form Four when his school was looking to recruit a sprinter. Success soon followed for Nicholas, who made the Hong Kong athletics team in 2014, competing at the Asian Junior Athletics Championships 2018. But the CUHK Business School student was almost spoiled for choice when he was also invited by a coach to join the U19 Hong Kong Rugby Union Podium Programme, serving as a development player for the Hong Kong Men’s Rugby Sevens Team. With training taking up to 20 hours per week, how does he balance the time? “You have to study and plan in advance, talk to professors and see if things clash and arrange appropriately.” This also applies to examinations, which sometimes need to be rescheduled and taken earlier if there is an upcoming competition. “It is challenging because I still need to train when I am tired, but I always push myself,” he says. The process can be exhausting, yet Nicholas has learnt from rugby in particular to “get back up – you will hit the ground, but always tackle your opponent and do your best to get the win.” “No one is here to tell you what to do, everyone works hard in life and it just depends on who is putting in more.” —— Nicholas Poon Don’t stop believing in yourself Injuries can also leave doubt, particularly in athletics, which he has described as a “rollercoaster”. Nicholas references several hamstring injuries (common among sprinters), which left him “not able to walk or jog and it was a harsh impact.” Instead of giving up, the experience allowed him to learn and understand “how to be resilient and bounce back up from injuries and have the strong mindset to continue.” After winning the Outstanding Student Award 2018 from CUHK, Nicholas started to adopt: “there are no traffic jams along the extra mile” as a motto for his life. “No one is here to tell you what to do, everyone works hard in life and it just depends on who is putting in more. This motto is driving me to be a better athlete and student.” Being a multi-talented individual means business is entirely suited to Nicholas. “There are no boundaries, and I like to explore and I enjoy adventures. Business is after all a subject that you can keep learning for life because the business world is constantly evolving.” The athlete and student is ever seeking for more, and on this journey he has been inspired by many, most notably the US Rugby Sevens speedster Carlin Isles.  Isles is notable for growing up in adversity as a foster child struggling to get enough to eat, resorting even to dog food to survive. He grew up to become a superstar in both sprinting and rugby, establishing himself as an all-time US Rugby Sevens legend. In an interview with the New York Times, Isles asked: “Who puts limits on themselves?” It is something that Nicholas takes with him every day on the field and in the classroom. “Carlin Isles inspired me to always be a better version of myself.” Always in the limelight, it is easy for people to forget that Nicholas is a community man at heart: “I care about my friends a lot, I’m grateful for their support especially during my injuries when I was down.” Inspiring to greatness, but keeping a humble heart and focused mind, Nicholas surely has what it takes on the fast track to success. The post On The Fast Track To Success appeared first on CUHK Business School. |
04 Jun 2019, 10:01
| FROM CUHK: On the Fast Track to Success |
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“There are no traffic jams along the extra mile.” This warrior’s cry is a mantra that Nicholas Poon lives by every day and it is easy to see why. The achievements just keep accumulating for Nicholas, who is part of the Hong Kong Athletics Team, as well as the Hong Kong Rugby Union Podium Programme. Aside from his athletic prowess, Nicholas has also demonstrated his academic chops by being admitted to The Chinese University of Hong Kong (CUHK) Business School via the Joint University Programmes Admissions System (JUPAS) School Principal’s Nominations, which is no mean feat. When you meet Nicholas, you know that this determined young man means business. “No one will tell you what to do to get better and how to improve. You have to be self-motivated and put in your hard work. No one can stop you from improving.” —— Nicholas Poon Being well-rounded is essential for business We often think of academics as studying hard, but all around excellence is what builds the character to triumph through adversity and remember that putting in the effort is what counts. “No one will tell you what to do to get better and how to improve. You have to be self-motivated and put in your hard work. No one can stop you from improving,” says Nicholas. Nicholas knows first-hand about the struggles that can occur in life. Whatever we experience, there will always be the good and the bad. Nicholas has worked hard and found himself with offers from institutions of varying specialisations. It was a tough choice between CUHK Business School and the Hong Kong Sports Institute, but you get the feeling Nicholas’ infectious personality and inquisitive nature would eventually lead him to business studies. He chose to study at CUHK as he finds business: “fun and dynamic, and you have to be very aggressive to get the knowledge of what is going on around you.” Another consideration was CUHK’s academic rankings which are among the world’s best, particularly in business studies.  Nicholas (5th from left) was presented with a certificate on stage at 2018 Outstanding Students Awards Presentation Ceremony. A bubbly and enthusiastic person, it is little wonder that marketing and international management are of particular interest to Nicholas. He has already worked as a summer intern in Baidu, conducting search volume data analytics for provincial markets in mainland China and designed search engine keyword packages for Search Engine Marketing (SEM) advertising campaigns. Doesn’t sound like something an athlete would do, does it? Aside from technicalities, Nicholas also has an entrepreneurial streak. A wonderful memory for Nicholas was his participation in start-up competition “Jumpstarter IdeaPOP 2018” which aims to nurture a pool of business elite with an entrepreneurial mindset. Nicholas and his team of CUHK classmates pitched a solution to check the legitimacy of sneakers being resold on the C2C market. With sneaker values reaching up to thousands of US dollars per pair, and resell a common activity in mainland China, the team proposed a platform for trading and verification, with Nicholas calling it “an experiential learning journey I will remember for life.” Sports offers the skills needed to succeed Nicholas was honoured with an Outstanding Student Award 2018 from CUHK in recognition of outstanding achievement in sports. Nominated by an instructor in the Physical Education unit and Chung Chi College at CUHK, he calls the award “an honour and accomplishment, especially as I was with several Olympians, who are always a motivation for me to achieve more.” In both sports and academia, determination, discipline and resilience are some of the key attributes of success. Whether it is rugby or running the 100 and 200 metres in athletics, Nicholas has harnessed the trials of life and turned them into the pursuit of excellence. Rugby training started at the age of six after his father enrolled him in DeA Tigers Rugby Football Club (now USRC Tigers Rugby Football Club), while he began to get into sprinting in Form Four when his school was looking to recruit a sprinter. Success soon followed for Nicholas, who made the Hong Kong athletics team in 2014, competing at the Asian Junior Athletics Championships 2018. But the CUHK Business School student was almost spoiled for choice when he was also invited by a coach to join the U19 Hong Kong Rugby Union Podium Programme, serving as a development player for the Hong Kong Men’s Rugby Sevens Team. With training taking up to 20 hours per week, how does he balance the time? “You have to study and plan in advance, talk to professors and see if things clash and arrange appropriately.” This also applies to examinations, which sometimes need to be rescheduled and taken earlier if there is an upcoming competition. “It is challenging because I still need to train when I am tired, but I always push myself,” he says. The process can be exhausting, yet Nicholas has learnt from rugby in particular to “get back up – you will hit the ground, but always tackle your opponent and do your best to get the win.” “No one is here to tell you what to do, everyone works hard in life and it just depends on who is putting in more.” —— Nicholas Poon Don’t stop believing in yourself Injuries can also leave doubt, particularly in athletics, which he has described as a “rollercoaster”. Nicholas references several hamstring injuries (common among sprinters), which left him “not able to walk or jog and it was a harsh impact.” Instead of giving up, the experience allowed him to learn and understand “how to be resilient and bounce back up from injuries and have the strong mindset to continue.” After winning the Outstanding Student Award 2018 from CUHK, Nicholas started to adopt: “there are no traffic jams along the extra mile” as a motto for his life. “No one is here to tell you what to do, everyone works hard in life and it just depends on who is putting in more. This motto is driving me to be a better athlete and student.” Being a multi-talented individual means business is entirely suited to Nicholas. “There are no boundaries, and I like to explore and I enjoy adventures. Business is after all a subject that you can keep learning for life because the business world is constantly evolving.” The athlete and student is ever seeking for more, and on this journey he has been inspired by many, most notably the US Rugby Sevens speedster Carlin Isles. Isles is notable for growing up in adversity as a foster child struggling to get enough to eat, resorting even to dog food to survive. He grew up to become a superstar in both sprinting and rugby, establishing himself as an all-time US Rugby Sevens legend. In an interview with The New York Times, Isles asked: “Who puts limits on themselves?” It is something that Nicholas takes with him every day on the field and in the classroom. “Carlin Isles inspired me to always be a better version of myself.” Always in the limelight, it is easy for people to forget that Nicholas is a community man at heart: “I care about my friends a lot, I’m grateful for their support especially during my injuries when I was down.” Inspiring to greatness, but keeping a humble heart and focused mind, Nicholas surely has what it takes on the fast track to success. The post On the Fast Track to Success appeared first on CUHK Business School. |
05 Jun 2019, 22:01
| FROM CUHK: PACC Students Came Second in the Taxation Institute of Hong Kong Tax Debate Competition 2019 |
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The winning team comprised four PACC students. They are Chan Lap-wun (Year 2), Kong Cheuk-yi Sharie (Year 2, Global Accounting Stream), Leung Ka-wai (Year 3), and Loo Yin-yan Bonnie (Year 2). Dr. Edmund Wong, PACC Programme Director and Senior Lecturer of School of Accountancy; Mr. Eric Leung, PACC Associate Programme Director and Senior Lecturer of School of Accountancy; and Mr. YY Butt, Lecturer of School of Accountancy and the coach teacher of this competition also attended the event to show their full support to the students. The Tax Debate Competition aims to promote the study of taxation and arouse students’ awareness of the tax profession as another choice in their career development upon graduation. It has successfully encouraged students to express their opinions on hot tax topics and attracted public audience since its launch in 2015. The panel of judges included business elites, tax practitioners, professional bodies and academics. The post PACC Students Came Second in the Taxation Institute of Hong Kong Tax Debate Competition 2019 appeared first on CUHK Business School. |
16 Jun 2019, 22:01
| FROM CUHK: Tech-driven Markets are a Sweet Spot for Graduates with a Blend of Financial and Technological Aptitudes |
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However, there are opportunities for masters in finance graduates. The blend of technological and financial knowledge is a sweet spot, as is a growing Asian economy and new opportunities in areas such as risk management. Opimas predicts 66,000 new technology and data science jobs will be created by 2030 in roles such as computer programming. In an interview with Financial Times, Prof. Joseph Cheng, Chairman of Department of Finance and Director of MSc Programme in Finance (Full Time) at The Chinese University of Hong Kong Business School, says, Asian’s growing economy is another opportunity for finance students. It has produced many rich private investors who need financial advice, boosting job opportunities with wealth and asset managers. “As money flows from mainland China to Hong Kong, our students are increasingly hired into asset allocation, equities research and securities analysis roles, helping to create sustainable and optimal portfolios for the wealthy,” Prof. Cheng adds. Please click the image below to read the full story published in Financial Times’ print edition on 17 June 2019. Source: Financial Times Date published: 17 June 2019  The post Tech-driven Markets are a Sweet Spot for Graduates with a Blend of Financial and Technological Aptitudes appeared first on CUHK Business School. |
17 Jun 2019, 01:01
| FROM CUHK: CUHK Business School Holds the First CUHK-RCFS Conference on Corporate Finance and Financial Intermediation |
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Jointly organised by the Department of Finance at The Chinese University of Hong Kong (CUHK) Business School and the Review of Corporate Finance Studies (RCFS), the two-day conference comprised six to seven research paper presentations and a keynote address each day. The presentations were followed by stimulating discussions on a variety of topics on corporate finance and financial intermediation. The presenting authors of research papers came from universities and financial institutions in Hong Kong and worldwide, including Brazil, Canada, France, Germany, India, Italy, Japan, Singapore, the United States, and the United Kingdom. Prof. Sudipto Dasgupta, Professor of Department of Finance at CUHK Business School shared, “This conference attracted more than 300 high quality submissions that were dual reviewed and only 13 papers could be accepted for this two-day event. The acceptance rate is 4 percent – more stringent than even the top conferences.” Keynote addresses were delivered by Prof. Anjan Thakor, the John E. Simon Professor of Finance, Olin Business School, Washington University in St. Louis. He is one of the founders of the modern theory of financial intermediation and his keynote address was on “Climate Risk: Investor and Firm Effects”. Prof. Laura Starks, President of the Society of Financial Studies, delivered the other keynote address. She is also the Charles E. and Sarah M. Seay Regents Chair in Finance, McCombs School of Business, University of Texas at Austin and his topic was on “Ethics, Economic Incentives and Higher Purpose in Banking”.  (From left) Prof. Sudipto Dasgupta, Prof. Anjan Thakor, Prof. Andrew Ellul, Executive Editor of RCFS, Professor of Finance and Fred T. Greene Chair in Finance, Indiana University’s Kelley School of Business, and Prof. Laura Starks. The Review of Corporate Finance Studies is a journal under the umbrella of the Society of Financial Studies, which teams up with a small number of departments worldwide to organise joint conferences. The journal aims to publish research of the highest quality in the field of corporate finance.  (From left) Prof. Zhenyu Gao, Assistant Professor of Department of Finance, CUHK Business School; Prof. Darwin Choi, Assistant Professor of Department of Finance, CUHK Business School; Prof. Andrew Ellul, Executive Editor of RCFS, Professor of Finance and Fred T. Greene Chair in Finance, Indiana University’s Kelley School of Business; Prof. Joseph Cheng, Chairman and Associate Professor of Department of Finance; Prof. Dragon Yongjun Tang, Area Head of Finance, and Associate Director of Centre for Financial Innovation and Development, Faculty of Business and Economics, The University of Hong Kong; and Prof. Jie Cao, Associate Professor of Department of Finance, CUHK Business School.      The post CUHK Business School Holds the First CUHK-RCFS Conference on Corporate Finance and Financial Intermediation appeared first on CUHK Business School. |
17 Jun 2019, 03:01
| FROM CUHK: CUHK Business School Alumni at #CUHKBusinessSchool |
Alumni Faculty At A Glance What motivated our alumni to pursue their academic careers?
[*] Stay curious and hungry Get out of your comfort zone to discover the little adventures and joys of youth. Continue to learn and resist complacency during your journey.[/list] [*] Stay true to yourself A lucky person is one who can identify his/her passions in life and pursue work of interest. Your future self will thank you for who you become and the process of doing so.[/list] Read about our alumni faculty’s highlights as CUHK students or faculty members here. The post CUHK Business School Alumni at #CUHKBusinessSchool appeared first on CUHK Business School. |
17 Jun 2019, 04:01
| FROM CUHK: CUHK Business (June 2018) Is Available! |
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CONTENTS Business Groups Are Driving Economic Growth in Emerging Economies CUHK research reveals the significant role of business groups as powerful drivers behind the emerging economy, with Chinese conglomerates increasing their global presence. Read Article [/*][/list] How the US-China Trade Dispute Will Move Forward Why the United States went from a 19th-century violator to a champion of intellectual property rights may show how the trade dispute with China will move forward. Read Article [/*][/list] Can the Wisdom of Crowds Correct Positive Bias of China's State-run Media A study of corporate news reports shows social media stock market posts offer more accurate and reliable information than traditional newspapers. Read Article [/*][/list] The Importance of Prospectus-Based Disclosure in the Interpretation of IPO Pricing Outcomes How does discretionary disclosure practice shape IPO capital funding and investor returns? Read Article [/*][/list] Being Interesting is Key to Being a Great Teacher Meet Prof. Tingting Fan, the young scholar who joined the Department of Marketing in 2014 as an Assistant Professor. Read Article [/*][/list] Venturing into the eSports World With his keen interest in video games from a young age, BBA alumnus Clearance Cheung founded the digital marketing company Jengah and then put together an all-women professional eSports team, Stinga. Read Article [/*][/list] Journeying onto a New Adventure and Destination From Taiwan to Hong Kong and banking to consulting, how does MBA alumna Yi-Ting Wang achieve her changes? Read Article [/*][/list] CUHK Business School Alumni at #CUHKBusinessSchool A special group of 26 faculty members shares a common identity with their students. What are their stories and what motivated them to return to their alma mater? Read Article [/*][/list] CUHK Business School Presents Dialogue with Women CEOs and Mentorship Programme The Dialogue with Women CEO series aims to empower the next generation through exchange of views on business and social issues. Read Article [/*][/list] Please click here to download the magazine in PDF format.  The post CUHK Business (June 2018) Is Available! appeared first on CUHK Business School. |
17 Jun 2019, 04:01
| FROM CUHK: CUHK Business School Professor Shares his Views on How the Technology Sector Should Manage its Reputation in an age of Heightened Scrutiny |
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But in the past few years, the drawbacks have become glaringly evident. Privacy invasions. Misuse or outright theft of personal information. Workforce disruptions from AI. And, in some cases, the aggressive pursuit of corporate growth at the expense of ethics and social responsibility. Around the world, there have been ever-louder cries for increased technology sector regulation and even call to break up some of the biggest, most powerful companies in the world. In fact, according to research conducted by FleishmanHillard, 31 percent of consumers think technology companies are regulated too little. Technology companies are starting to recognise that their reputations and brand integrity are the best guarantees of long-term success. They know they have a critical role to play in rebuilding trust in technology in a post-truth world. The best remedy to the so-called techlash will be companies’ internal and external commitments to working with government, regulators, academia and each other, and to behaving in ethical, socially responsible ways. To not only do the most profitable thing for investors, but to do the right thing, on behalf of all stakeholders. FleishmanHillard, a multinational public relations and digital marketing agency, has released a report titled “Darlings to Damaged? Managing the technology sector’s reputation in an age of heightened scrutiny” on 13 June 2019. The report assesses the reputational challenges technology companies face today, as well as potential solutions to those challenges in the future. The findings combine original research with insights from some of the world’s leading thinkers in this space. The research, carried out by FleishmanHillard TRUE Global Intelligence, surveyed 1,002 consumers each in the US and the UK. The survey was distributed online, and responses were collected in April and May 2019, and it was designed to gauge current consumer attitudes and perceptions toward the technology industry’s evolving reputation. Invited by FleishmanHillard, Seen-meng Chew, Associate Professor of Practice in Finance of Department of Finance and Associate Director of MBA Programmes at The Chinese University of Hong Kong Business School shared his views on the biggest trends, challenges and opportunities he sees for the coming years when it comes to the tech industry’s reputation. The report includes three quotes contributed by Prof. Chew on the following topics: The Macro-economic and Geopolitical Situation: A Balance between Protection and Progress (Page 7) As influential technology firms in the US and China grow to become ‘digital monopolies’ in their respective markets, they could engage in more aggressive business practices to drive out competitors and to extract more value from consumers. To safeguard their reputation, these powerful multinational corporations will need to invest more in corporate responsibility and governance, regulatory compliance, and local community development. Whose Cross to Bear? The Technology Industry’s Role in Shared Value and Responsibility (Page 16) Technology firms need to contribute more to societies by investing in education and training to help people upgrade their skills and to bolster employment opportunities. Data Privacy and Security: With Great Power Comes Great Responsibility (Page 25) News about big technology firms posing cybersecurity threats and breaching consumers’ data privacy have made headlines in recent years. As we celebrate digital data as a new source of wealth, we also need more resources for the secure storage and effective management of data to ensure that it is not used by criminals for illegitimate purposes. Thus, for technology firms to protect their reputations, they must prioritise developing modern cybersecurity infrastructure and keeping up with data privacy laws. About FleishmanHillard FleishmanHillard specialises in public relations, reputation management, public affairs, brand marketing, digital strategy, social engagement and content strategy. The agency is part of Omnicom Public Relations Group, and has more than 80 offices in 30 countries, plus affiliates in 43 countries.  The post CUHK Business School Professor Shares his Views on How the Technology Sector Should Manage its Reputation in an age of Heightened Scrutiny appeared first on CUHK Business School. |
18 Jun 2019, 10:01
| FROM CUHK: Knowledge Cuts Through Social Deadlocks |
When confronted with social injustice, some people run away, and others adapt. Judy Kong (BBA in Integrated BBA 2008) chose to change the world using the knowledge and experience she accumulated in public policy, business resource management, and civic affairs. She hopes to bring together the powers of the government, the business sector, and civilians to cut through the deadlocks hindering our society. As Chief Executive of InspiringHK Sports Foundation, she is dedicated to rewrite the life of underprivileged youth through sports training. Thanks to the Global Business Studies programme, Judy (front row, far right) had the chance to go on an exchange trip to the North America with her classmates for the first time, which greatly widened her horizons. Enroling in Global Business Studies to See the World Judy comes from a humble background. She was born into a working class family with parents who do not speak English. Having grown up in public housing, she calls herself lucky to have been allocated to a prestigious secondary school with English as a teaching medium via the local educational lottery system. Luck and hard work paid off when she was accepted by The Chinese University of Hong Kong (CUHK) Business School’s most esteemed programme – Global Business Studies. “What made the programme so unique was that it took in 15 students each from Hong Kong, Europe and the US. We studied in all three locations in rotation. To a girl who was eager to see the world and widen her horizons, what would be more appealing than studying in Denmark and the US?” Judy was fascinated by the “global” element of the programme, but her interest in the “business” element was only lukewarm. While her peers were busy conducting business case studies or seeking internships, she was drawn to cultural experiences and exchange with young people from other countries. These journeys took her to more than 10 countries and places such as the European Union Headquarters in Belgium. She also represented the AIESEC Hong Kong Chapter as an executive committee member during a youth conference in Romania. These experiences have opened her eyes and challenged her way of thinking. “Don’t just focus on what you want but what they need.” —— Judy Kong Building a Career in Social Affairs with Expertise in Public Policy, Business and Civic Advocacy After graduating from CUHK, Judy did not seek a job in finance like most of her peers but instead joined Hong Kong Federation of Youth Groups (HKFYG) as a Development Officer and began working in social affairs. One might have wondered if the teaching from the business school would go to waste, but this could not be further from the truth. Her first task was to turn the organisation’s summer camp deficit around. “Like private businesses, NGOs are also self-sufficient, but NGOs reinvest their profits in society.” Aside from working in social affairs, Judy also wanted to gain professional knowledge in related areas, so she decided to enrol in a social work master’s programme after work. Two years later, she left HKFYG for an internship in a hospital in Shanghai and finally became a registered social worker. Following that she joined multinational corporation Burberry to help manage the company’s Asia-Pacific charity fund and community affairs.  During her time at Burberry, Judy (2nd from left) represents the company and travels to the northeast region of Japan to coordinate post-3/11 earthquake donation work. During her four years of service at Burberry, Judy organised many charity events. She remembers taking part in the fundraising effort for the 3/11 Earthquake in Japan like it was yesterday. Because she was now working in a benefactor, not a beneficiary organisation, the change of role required her to make many tough decisions. For instance, if calamity wiped out everything, which projects should get priority in the allocation of resources? She also perfected the art of working with different stakeholders. “Don’t just focus on what you want but what they need. This line of thinking has benefited me so much since.” It eventually became clear to Judy that the impact of NGOs and the business sector was limited because many social problems were caused by the government. She consequently quit her job and went to Oxford University in the UK to take a place in its Master of Public Policy programme along with 120 fellow students from 70 countries. After finishing her studies, she returned home and became the Chief Executive of InspiringHK Sports Foundation with a goal to influence public policies through civic advocacy.  Judy (centre) joined the University of Oxford’s Master of Public Policy to enrich her knowledge in public affairs, business and civic advocacy. Cultivating a “Never Give Up” Spirit Through Sports Training Through sports training, InspiringHK sets out to help working class youth build their confidence and cultivate a “never give up” spirit – which will in turn boost their social mobility. “People these days like to celebrate success but don’t necessarily know how to deal with failure. Sports games are excellent perseverance training because no one wins or loses forever.” InspiringHK partners with youth centres and schools. The latter two assist with student recruitment while the former conducts interviews, provides professional coaches and equipment, and identifies suitable community locations for sports training. “We had a child with a learning disability. He was isolated by other students in school. No one even came to his birthday party. After a year of training in shuttlecock kicking, not only had his hand-foot coordination improved, he also made new friends. Sports may not be able to get people out of poverty directly, but it encourages positive thinking – an attitude that could change lives.”  It has been almost two years since Judy (centre) assumed the role of Chief Executive of InspiringHK Sports Foundation. She is committed to promote the importance of sports training in bettering the lives of youths to the public. Running a Charity Requires Keeping Up with the Times As a charity startup, InspiringHK is not subsidised by the government, so fundraising is one of Judy’s main responsibilities. To gain a donor’s trust, effective governance and impact assessment are crucial. “Nowadays donors aren’t satisfied with just a group photo at a sponsored event. They want to know how much social benefit each dollar generates. We need to quantify the improved well-being of our beneficiaries and tie it to the testimonies from our trainees and parents to secure long-term sponsorship.” It has been a decade since Judy entered the workforce. Although a career in social affairs is a rarity among CUHK Business School alumni, Judy does not think she is morally superior. “You can contribute to society in your own way in any industry. Everyone does it differently.” This idea resonates with a famous saying by Lu Xun, “Every bit of passion generates a tiny beam of light. Just like a glowworm, it lights up the dark without the help of a torch.” This article first appeared in CUHK Business School Alumni Portal, republished with permission from Alumni and Corporate Affairs Office, CUHK Business School The post Knowledge Cuts Through Social Deadlocks appeared first on CUHK Business School. |
18 Jun 2019, 21:01
| FROM CUHK: CUHK’s “IoT-Augmented Airfield Service System” Piloted at Hong Kong International Airport to Assist in Building a Smart Airport |
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The Centre of Cyber Logistics under the Asian Institute of Supply Chains & Logistics at The Chinese University of Hong Kong (CUHK) was commissioned by the Airport Authority Hong Kong (AAHK) to develop the “Internet of Things (IoT)-Augmented Airfield Service System” (AS2), which has been piloted at the Hong Kong International Airport (HKIA) to assist in the best use of apron facilities. The project has won the “Smart Mobility Grand Award” in the Hong Kong ICT Awards 2019. It shows that the Centre’s innovative artificial intelligence technology and IoT management system are well recognised by the industry. AS2 is an airfield service system and is currently in its first phase which focuses on monitoring and improving the efficiency of baggage delivery from arrival flights. Through a deep-minded map service compatible with ArcGIS and Google map, it actively delivers a view of the overall real-time situation on the apron to those using it, such as apron service operators, airlines and other airfield service teams. From this, their work can be coordinated so that the key performance indicator targets are reached and the performance of baggage delivery is improved. A multi-dimensional dashboard service is available to manage aircraft turnaround. It provides strengthened operational visibility supported by analytics on-demand, fused data from flight arrival estimates, and the readiness of equipment, as revealed by IoT. Users are kept informed of the current status and are alerted to incidents or potential problems. The analytics services provided by AS2 are both real-time and predictive. It can present a real-time performance of resources allocation of a specific location. It can also predict the changes in a specific operational area. For example, when there is chance for delay in baggage delivery, the operator can take that into consideration in determining the next best action. The combination of the two ensures that the appropriate actions and remedies can be taken quickly in normal and unexpected situations. Fostering new start-ups by collaboration with industry, academia and the research sector Prof. Waiman Cheung, Director of the Asian Institute of Supply Chains & Logistics, said, “The missions of CUHK’s Asian Institute of Supply Chains & Logistics are to conduct academic as well as applied research in supply chain management and logistics, to facilitate the advancement of technological know-how for supply chain management theory and the logistics industry, and to promote knowledge transfer between academia and industry. AS2 demonstrates the achievements of the Institute in applying academic theory to solve practical problems of enterprises, and incubating ubiZense Limited, which has commercialised the scientific research results for industry. It is a successful example of the University’s technology transfer to incubate start-ups and realise the collaboration with industry, academia and the research sector. The first phase of AS2 has been piloted at HKIA since last October. We will continue our research and hope to extend AS2’s services in the near future to the entire operation of an aircraft turnaround, such as fueling, aviation meals and cleaning.” Dr. Jerrel Leung founded ubiZense in 2018 and serves as the chief architect. He was a research assistant professor at CUHK’s Centre of Cyber Logistics and was involved in the research and development of AS2. ubiZense aims to provide organisations with solutions to the strategic design of IoT networks, the integration of disparate IoT data sources and organisational data, and business insights that are improved by using artificial intelligence. “The embodiment of ubiZense demonstrates that academic research can indeed find a way to industry. AS2 utilises different IoT technologies to capture situational awareness and uses artificial intelligence to make sense out of the massive amount of data. We have just completed AS2 phase I and we are looking forward to commencing AS2 phase II. Through AS2, we aim to help AAHK to better manage turnaround performance and to further improve the overall performance of HKIA. The ambition of ubiZense is to spread AS2 to other airports and even to other industries,” said Dr. Leung.  AS2 offers a multi-dimensional dashboard service to manage turnaround performance with enhanced operational visibility.  Through the map service provided by AS2, uses can understand the status of all flights and equipment on the apron. This press release was first published in the CUHK website. The post CUHK’s “IoT-Augmented Airfield Service System” Piloted at Hong Kong International Airport to Assist in Building a Smart Airport appeared first on CUHK Business School. |
21 Jun 2019, 00:01
| FROM CUHK: CUHK Business School Announces the 5th Hong Kong SME Business Sustainability Index |
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The Chinese University of Hong Kong (CUHK) Business School’s Centre for Business Sustainability (CBS) announced results of the 5th Hong Kong SME Business Sustainability Index (HKSMEBSI) today, where small and medium enterprises (SMEs) in Hong Kong have shown growing concerns for corporate social responsibility (CSR) and business sustainability. The overall average score of the 26 index companies in the 5th HKSMEBSI is 77.69 (out of 100 points), a significant increase of 18 percent compared with that of the 4th HKSMEBSI announced in 2017, and up by a staggering 33 percent in comparison with the average score of the 1st HKSMEBSI launched in 2012. Compiled and announced biannually, HKSMEBSI aims at inspiring the SMEs to adopt corporate social responsibility (CSR) as a management model to achieve business sustainability. For the compilation of HKSMEBSI since its inauguration in 2012, SMEs with proven track record in CSR performance (e.g. winners of major CSR related awards) were invited to complete an assessment questionnaire pertaining to their CSR performance for the preceding year. For the 5th HKSMEBSI, the assessment was based on the 2017 data provided by the companies. The unique “Value – Process – Impact” (VPI) model developed by CBS is used in the assessment scheme, which assesses the performance of each index company in three major domains, namely CSR values, CSR process (comprising CSR management and practices) and CSR impact, as indication of the companies’ contributions to economic, social and environmental sustainability. While the overall average score of the 5th HKSMEBSI was 77.69 points, the standard deviation was 16.05, reflecting a huge gap between the top and bottom performers. A total of eight companies scored over 90 points, reaching the “Pace-setter” level, whereas only three companies achieved this similar rank in the last round. Analysis of company data for the five rounds from 2011 to 2017 shows an improvement of 33 percent in the overall average score. This indicates that local SMEs have continued to progress from the “Beginner” stage to the “Follower” stage of business sustainability performance over the past seven years. As for the top 10 HKSMEBSI companies, the mean score was 92.83 in this compilation, reaching the “Pace-setter” level in business sustainability for the first time. Among the assessment aspects of VPI, in comparison with the results of the 4th HKSMEBSI, all the four aspects (Value, Management, Practice and Impact) have seen improvement. “Practice” had the highest mean score of 96.55 points with an increase of 16 percent. “Process – Value” (80.40 points) and “Process – Management” (83.68 points) recorded 14 percent and 19 percent rise respectively. The average score of “Impact” (70.03 points) has chalked up an impressive increase of 22 percent; yet, it has remained as the weakest aspect across the board. As for the top 10 HKSMEBSI companies, their scores in all the four aspects have increased steadily to above 90 points in the latest round.  Prof. Carlos Lo, Director of Centre for Business Sustainability at CUHK Business School Prof. Carlos Lo, Director of CBS, said that the progressive improvement of SMEs in CSR and business sustainability as reflected in the index over the past seven years has been encouraging although the gap between the top and bottom performers remained huge. He further pointed out that given the total number of SMEs in Hong Kong exceeds 340,000, the number of SMEs that are active in CSR is still limited, and the top CSR and business sustainability performers are still confined to a small pool. It is necessary for SMEs to undergo a long journey in sustaining their effort to promote CSR and achieving business sustainability. Individual SMEs must not only continuously improve their knowledge and understanding of CSR management and practice, but also maintain long-term dedication and commitment to CSR. The compilation and announcement of the HKSMEBSI serves to encourage the entire SME sector to pay serious attention to the commercial and social benefits of CSR. Based on experience from the five rounds, CBS is introducing three major new initiatives to enhance its effort in promoting CSR and sustainability. Firstly, instead of inviting only award-winning SMEs to participate in the assessment, CBS will open the entry to all SMEs in town in the 6th HKSEMBSI to be announced in 2021 with the aim to increase its representativeness by including SMEs with outstanding CSR performance. Secondly, the SME Sustainability Society will be established under the aegis of CBS with index companies as core members to undertake leading and organised effort to support the paradigm shift among SMEs toward CSR and business sustainability. Thirdly, executive knowledge sharing and training programmes on CSR management will be provided to the SME management executives to cultivate business sustainability leaders. CBS envisions that these new initiatives will effectively engage SMEs in gradually building a caring and responsibility business as the core values of SME sustainability. The 5th HKSMEBSI – Average Scores 5th HKSMEBSI 4th HKSMEBSI Changes (5th vs 4th HKSMEBSI) 3rd HKSMEBSI 2nd HKSMEBSI 1st HKSMEBSI Changes (5th vs 1st HKSMEBSI) Overall Mean (all companies) 77.69 66.02 +18% 63.96 62.08 58.30 +33% Top 10 Companies Mean 92.83 88.25 +5% 89.56 84.68 80 +16% ————————————————— Overall VPI Scores 5th HKSMEBSI 4th HKSMEBSI Changes (5th vs 4th HKSMEBSI) 3rd HKSMEBSI 2nd HKSMEBSI 1st HKSMEBSI Changes (5th vs 1st HKSMEBSI) Value 80.40 70.39 +14% 69.09 68.75 61.75 +30% Process – Management 79.15 66.45 +19% 68.28 56.32 53.37 +48% Process – Practice 83.68 71.95 +16% 67.05 78.46 77.83 +8% Impact 70.03 57.41 +22% 53.91 50.92 45.12 +55% ————————————————— The Top 10 HKSMEBSI Company Ranking 1. Meiriki Japan Company Limited 2. Jenston Technology Corporation Limited 3. Ultra Active Technology Limited 4. Richform Holdings Limited 5. Intimex Business Solutions Company Limited 6. Sunta Chemical Limited 7. Diving Adventure Limited 8. KL Home Care Limited 9. City Cut Hair & Beauty Salon 10. 4M Industrial Development Limited ————————————————— The 5th HKSMEBSI Company List (in alphabetical order) 4M Industrial Development Limited* Appetizup Co. Limited Arredamenti Company Limited Charlotte Travel Limited City Cut Hair & Beauty Salon* Diving Adventure Limited* EcoSage Limited Fast Base Enterprises Limited Happy Star Travel Service Limited Intimex Business Solutions Company Limited* Jenston Technology Corporation Limited* KL Home Care Limited* Linkz Industries Limited Meiriki Japan Company Limited* MYLAMSTUDIO OKIA Optical Company Limited Projexasia Limited Regal World Transport System Limited Richform Holdings Limited Sailing Boat Catering Group Limited Silver Printing Co. Limited Success Base Engineering Limited Sunta Chemical Limited* TOGO Pacific Limited Tung Fat Ho Building Material Limited Ultra Active Technology Limited* ————————————————— *Top 10 SMEs The post CUHK Business School Announces the 5th Hong Kong SME Business Sustainability Index appeared first on CUHK Business School. |
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Hi Generic [Bot],
Here are updates for you:
ANNOUNCEMENTS
 Wednesday, Apr 24, 2024 11:30am NY / 3:30pm London / 9pm Mumbai Watch earlier episodes of DI series below EP1: 6 Hardest Two-Part Analysis Questions EP2: 5 Hardest Graphical Interpretation Questions  ➡️ Sayali narrates her experience of succeeding on the GMAT after 4 attempts & 2 years of preparations with 32 percentile improvement on GMAT verbal.
Tuck at Dartmouth
AGSM at UNIVERSITY OF CALIFORNIA RIVERSIDE
 GMAT Club REWARDS
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