Learn More About Our School

Have you noticed how, historically, industrial revolutions across various nations mainly impacted low-income jobs? What’s different now is that the current wave in artificial intelligence seems different. AI not only automates entry-level positions but also has the potential to replace high-skilled, high-income roles. According to the International Monetary Fund (IMF), AI could affect up to 40% of global employment. That figure could be as high as 60% in developed economies like Hong Kong.

After seven years of negotiations, the world's largest free trade agreement—the Regional Comprehensive Economic Partnership (RCEP)—officially took effect on January 1, 2022. Member countries account for nearly 30% of the world's population and over one-third of global GDP. Amid the ongoing fragmentation of the global economy, RCEP is viewed with high expectations. This agreement brings together diverse countries in the Asia-Pacific region with varying scales and systems, showcasing the potential and resilience of regional inclusive cooperation. Three years into its implementation, what impact has RCEP had on the trade landscape of the Asia-Pacific region? How will it reshape the trading models among member countries?

With the rapid development of artificial intelligence technology, some borrowers may use it to enhance their credit data in order to obtain loan approvals. Instead of approving borrowers through extensive data collection from multiple sources, lenders might consider self-imposing limits to focus on improving the quality of the data collected while also increasing loan profits.

On “Liberation Day”, US President Donald Trump announced a sweeping plan to impose reciprocal tariffs—taxes that exceeded market expectations and triggered immediate shocks across financial markets. According to Yale’s Budget Lab, these tariffs could raise short-term inflation in the US by 2.3%, reduce household spending by an average of US$3,800, and lower the country’s 2025 GDP growth rate by 0.9%. Dr Y.F. Luk, Honorary Associate Professor at HKU Business School, noted that for the Trump administration, tariffs served both as a policy tool and a political signal. While they could generate government revenue, they were unlikely to replace major taxes. Tariffs might drive limited reindustrialisation, but reviving America’s manufacturing golden age remained uncertain. He also commented that Industrial development takes time, and it’s unclear how long the US economy can withstand sustained high tariffs.