News

07.02.2020

[School in Media] January

HIGHLIGHTS

30 Top B-Schools featured in the New Positive Impact Rating (Jan 22)
The first edition of The Positive Impact Rating (PIR) was launched at the World Economic Forum in Davos in January. The new rating, with a focus on creating positive social and environmental impacts, explored business schools’ effectiveness in energizing positive changes. HKUST Business School was selected as one of the top 30 schools in the new rating, and one of two in Asia. The rating was developed by the non-profit PIR Association based in Switzerland.

HKUST MBA ranks among Top 20 globally for the 13th consecutive year (Jan 27)
The Financial Times, Because Business, Poets and Quants, and other mainland portals reported on the latest FT Global MBA ranking results. The HKUST MBA Program was ranked world’s No.19 and for its 13th consecutive year among the top 20 globally. The program’s “alumni career progress” and “international experience” are ranked world top 10 this year.

OTHERS

Correlation coefficient of stock returns (Jan 30)
HK Economic Journal carried an article co-written by Prof Mike SO, Department of Information Systems, Business Statistics and Operations Management (ISOM). The article introduced a way to analyze the correlation coefficient of a combination of stocks in calculating their investment returns. 

Sino-US "New Cold War": 5G technology (Jan 21)
Yahoo News TW carried a column discussing the competition between US and China on 5G technology. Chair Prof HUI Kai-lung, Department of ISOM, was cited that it is not hard for Huawei to develop its own operating system, but it is not easy to attract people to develop apps for it nor shift to the system from Android or IOS.

API stimulates new ideas for data applications (Jan 20)
HK Economic Journal (解牛集) carried an article by Chair Prof HUI Kai-lung, Department of ISOM, highlighted that more and more companies have used Application Programming Interface (API) in recent years to explore new business opportunities, therefore making API public could definitely boost business development. 

A wave of policy measures to avoid mass layoffs in China (Jan 14)
CNN carried an article about the slowdown economic situation in China. Emeritus Prof David ZWEIG, Department of Social Science, pointed out that the social unrest happening in HK might be a "black swan" risk facing the country, while Adjunct Associate Prof Frank CHING of the Department of Management said that the mass unemployment brought on by a severe economic slowdown and the failure of businesses in China could cause rising social tensions, eventually shaking the legitimacy of the Chinese communist regime.

Chinese railway stations introduced facial-recognition technology (Jan 14)
Monocle cited comments by Chair Prof HUI Kai-lung, Department of ISOM, on an article about the ID scans and facial recognition technology introduced by Chinese state railway stations to check tickets. Prof HUI commented that there is obviously a privacy issue, and it depends on whether the benefit outweighs the risk.

Tax policy encourages innovation research and technology development (Jan 13)
HK Economic Journal (解牛集) cited an article by Senior Lecturer Dr Kelvin MAK, Department of Accounting, on how tax relief policies can foster innovation research and technology development. He added that different countries or regions should choose their policies according to their own social conditions and economic backgrounds.

Economics and Finance: Analysis of Human Behavior (Jan 7)
Ming Pao Daily News carried an article featuring the Economics and Finance Undergraduate programs at HKUST. Assistant Professor of Business Education SIU Kam-wing highlighted that the programs are very challenging which teach students to analyze human behavior from an economic perspective through quantitative tools and data. The article also interviewed William YAU, an Economics and Finance student, on how he enjoys this curriculum.

Valuation of Unicorns (Jan 7)
HK Economic Journal (解牛集) carried an article by Associate Prof Allen HUANG of the Department of Accounting on the valuation of unicorns. Unicorn refers to a startup company that has a valuation of US$1 billion or more. Prof HUANG analyzed the current valuation method of these companies and his views on investing in these companies.

Global Business graduate granted scholarship to study at Oxford (Jan 2)
Hong Kong Economic Times featured a story on Siddhartha DATTA, a Global Business (GBUS) alumnus. Siddhartha as a Bangladesh-born Hongkonger is one of the HK winners for the renowned Rhodes Scholarship this year. Siddhartha believes that success is to step out your comfort zone, so he gave up joining an investment bank to pursue his postgraduate program in Computer Science at Oxford.

Hong Kong may face gloomy prospects (Jan 2)
Ta Kung Pao carried an article by Prof Emeritus Francis LUI, Department of Economics, about the outlook for Hong Kong's economy this year, which he described as more negative. He urged the govenment to do something to stop violence and curb disorder.


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